Patent Quality Education & Training Foundation

Nonprofit profile at a glance

EIN
822174233
IRS 990-EZ coverage
2017–2024
Forms available
Form 990-EZ 2024
Location
Cary, NC, USA
Phone
9195313240
Rating confidence
Limited
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$-6,077
Expenses
$7,044
Assets
$152,413
Liabilities
$0

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

Leadership & pay

4 people listed

Executive titles in this filing

  • TIMOTHY WILSON (PRESIDENT)

People named in this filing

  • TIMOTHY WILSON (PRESIDENT)
  • RACHELLE THOMPSON (MEMBER)
  • THOMAS ROCZYLOVICH (MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation shall have as its specified principal purpose (a) providing financial, advisory and other support and assistance to programs and/or initiatives of accredited law schools, with a special but non-exclusive focus on law schools that are owned by (or operated under the auspices and control of) an historically black college or university (an "hbcu"), which programs and/or initiatives are focused on (i) improving the quality and integrity of protection of intellectual property rights under applicable patent laws and (ii) teaching and equipping students at such law schools with practical skills that enhance their prospects for successful careers in the area of patent or other intellectual property law, (b) allocating donor resources contributed to the foundation in the most effective manner to advance the foregoing and (c) providing accountability therfore to donors, other supporters and constituencies of the foundation.

What it reported doing in 2024

Provided financial, advisory and other support and assistance to accredited law schools focused on improving the quality and integrity of protection of intellectual property rights under applicable patent laws and for teaching and equipping students with practical skills in the area of patent or other intellectual property law.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 45
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -215.9%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 21.64; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -52.8% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -1.2% per year; rating input score 0; 34th percentile among comparable filings

Details

  • Where the money goes: 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • 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.

  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.