The Patrick Surtain Ii Foundation Inc
Nonprofit profile at a glance
- EIN
- 932668954
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024
- Location
- Florence, KY, USA
- Phone
- 8597463431
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $403,863
- Expenses
- $437,370
- Assets
- $29,152
- Liabilities
- $-10,260
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- PATRICK SURTAIN II (PRESIDENT)
People named in this filing
- PATRICK SURTAIN II (PRESIDENT)
- PATRICK SURTAIN SR (SECRETARY/TR)
- MICHELLE SURTAIN (VICE PRESIDN)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 70% for direct work, and 30% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of voting board members are independent and a relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 52
- Transparency & Controls: 94
- Accountability: 18
- Sustainability: 21
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.9%; rating input score 59
- Program expense ratio: 54.3%; rating input score 54
- Fundraising efficiency: $2.42 raised per $1 spent on fundraising; rating input score 11; 11th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -8.3%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 0.07; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 121.6% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 66.9% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: -85.8% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: 58.9% of revenue deployed · 54.3% of spending went to programs
- Governance: 0 of 3 board members independent · 3 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $238K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Highest-paid contractors: 1 contractor listed · $146K reported
- Consistency: 25 of 25 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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 — Accountability: Independent voting board scored 0/100.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- Review — Financial Efficiency: Program expense ratio scored 54/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 11/100.
- High — Sustainability: Operating margin scored 24/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- High — Growth: Asset growth scored 0/100.