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Nonprofiteer
← PATRICK SURTAIN II FOUNDATION INC

Form 990 for tax year 2024

Filed by PATRICK SURTAIN II FOUNDATION INC.

Totals

Total revenue
$403,863
Total expenses
$437,370
Contributions and grants received
$416,711
Grants paid
$71,114
Program service revenue
$0
Investment income
$0
Other revenue
-$12,848
Total assets, end of year
$29,152
Total liabilities, end of year
-$10,260
Net assets or fund balances, end of year
$39,412
Program services expenses (Part IX)
$237,707
Management and general expenses
$27,790
Fundraising expenses
$171,873
Program service expenses (Part III)
$237,707

Program services were 54.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $245,804

  • 1f · All other contributions, gifts and grants

    $170,907

  • 1g · Noncash contributions included above

    $145,123

  • 8a · Fundraising events: gross income

    $244,245

  • 8a · Fundraising events: contributions included on line 1c

    $245,804

  • 8b · Fundraising events: direct expenses

    $257,093

  • 8c · Net income from fundraising events

    total -$12,848

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $71,114 · program services $71,114

  • 11a · Fees: management

    total $157,527 · program services $98,716 · management and general $21,550 · fundraising $37,261

  • 11b · Fees: legal

    total $4,283 · fundraising $4,283

  • 11g · Fees: other

    total $87,368 · program services $10,351 · management and general $3,198 · fundraising $73,819

  • 12 · Advertising and promotion

    total $95,132 · program services $44,498 · management and general $2,311 · fundraising $48,323

  • 13 · Office expenses

    total $339 · management and general $339

  • 16 · Occupancy

    total $3,414 · program services $3,414

  • 17 · Travel

    total $15,579 · program services $8,046 · fundraising $7,533

  • 23 · Insurance

    total $2,614 · program services $1,568 · management and general $392 · fundraising $654

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $70,654 · end of year $25,887

  • 4 · Accounts receivable

    beginning of year $510

  • 8 · Inventories for sale or use

    beginning of year $1,755 · end of year $3,265

  • 17 · Accounts payable and accrued expenses

    end of year -$10,260

  • 27 · Net assets without donor restrictions

    beginning of year $72,919 · end of year $39,412

Mission and programs · 2024

Mission

THE MISSION OF THE FOUNDATION IS TO LEVEL THE PLAYING FIELD FOR STUDENTS IN FINANCIALLY DISADVANTAGED COMMUNITIES BY ENSURING THAT THESE STUDENTS HAVE THE SAME ACCESS TO EDUCATIONAL RESOURCES AS THEIR SUBURBAN PEERS TO ENSURE THEIR SUCCESS.

  • INSPIRATION ROOMS - INNOVATIVE SPACES DESIGNED TO NURTURE SCIENCE, TECHNOLOGY, ENGINEERING, THE ARTS, AND MATHEMATICS (S.T.E.A.M.) EDUCATION. THE ROOMS INCLUDE INTERACTIVE WORKSPACES, CUTTING-EDGE TECHNOLOGY LIKE 3D PRINTERS, A MUSIC RECORDING STUDIO, MULTIMEDIA RESOURCES, AND CUSTOMIZED LEARNING ELEMENTS TAILORED TO THE WINNING SCHOOLS SPECIFIC NEEDS. IN 2024, THE PROGRAM PROUDLY AWARDED ITS FIRST TWO INSPIRATION ROOMS TO MANUAL HIGH SCHOOL AND GEORGE WASHINGTON HIGH SCHOOL IN COLORADO, WITH A RIBBON-CUTTING CEREMONY WITH PATRICK ON SEPTEMBER 3, 2024. THESE SPACES EMPOWER STUDENTS AND EDUCATORS WITH DYNAMIC RESOURCES TO INSPIRE CREATIVITY, INNOVATION, AND HANDS-ON LEARNING.

    Expenses $213,592 · Grants $71,114

  • PITCH DAY - FOUNDATION HOSTS "PITCH DAY" IN WHICH LOCAL TITLE I DENVER HIGH SCHOOLS COMPETE TO WIN PATS INSPIRATION ROOM (S.T.E.A.M. ROOM) TO BE INSTALLED AT THEIR SCHOOL.

    Expenses $15,784

  • GENERAL ASSISTANCE IN LEVELING THE PLAYING FIELD FOR STUDENTS IN FINANCIALLY DISADVANTAGED COMMUNITIES BY ENSURING THAT THESE STUDENTS HAVE THE SAME ACCESS TO EDUCATIONAL RESOURCES AS THEIR SUBURBAN PEERS TO ENSURE THEIR SUCCESS.

    Expenses $8,331

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Patrick Surtain II

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Patrick Surtain Sr

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    3

  • Michelle Surtain

    VICE PRESIDN

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
27 October 2025
IRS schema version
2024v5.0
Source object
202523159349301437

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