Pate Foundation

Nonprofit profile at a glance

EIN
756036779
IRS 990-PF coverage
2010–2024
Forms available
Form 990-PF 2024, Form 990-T 2023
Location
Fort Worth, TX, USA
Phone
8179229566
Rating
86
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$205,829
Expenses
$258,145

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Pate Foundation is a nonprofit. Location: Fort Worth, TX. EIN 756036779. Tax year 2024 Form 990-PF reports $206K revenue and $258K expenses.

What it reported funding in 2024

The foundation reported 17 grants totaling $200,000. The stated grant purposes included for assistance to indigent families, for funding and assistance to local violence and crime, and for supporting kids in the local communtiy, plus 11 other reported purposes.

Operating model

Revenue model
Investment-supported. 97% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 89% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. Assets provide a limited cushion relative to annual grants.

Rating breakdown

  • Grant Deployment: 92
  • Cost Efficiency: 77
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 33

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 92%; rating input score 92; 35th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 77.5%; rating input score 77; 38th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 14.02; rating input score 33; 33rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 92% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 33th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 9 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 17 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Endowment Health: Endowment-health comparison scored 33/100.