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PATAN FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
PATAN FAMILY FOUNDATION (EIN 92-0398577)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-09
IRS object ID
202511299349102736
Schema version
2024v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-09T14:49:30-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN920398577EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PaTaN Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlPATABusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
Personmargaret boucherPersonNm
Person TitlepresidentPersonTitleTxt
Phone8008391754PhoneNum
Signature2025-04-30SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,350,688FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$981,500ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1,628InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,628InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$51,063DividendsRevAndExpnssAmt
Dividends Net Invst Incm$51,063DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$43,236NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$286,180GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$43,236CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$1,077,427TotalRevAndExpnssAmt
Total Net Invst Incm$95,927TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$7,208OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$7,208OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$319TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$25,799OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$25,799OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$33,326TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,208TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$25,799TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$35,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$35,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$68,326TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,208TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$60,799TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,009,101ExcessRevenueOverExpensesAmt
Net Investment Income$88,719NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$48,053SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$60,747SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$60,747SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,069,949CorporateStockBOYAmt
Corporate Stock EOY$2,066,356CorporateStockEOYAmt
Corporate Stock EOYFMV$2,289,941CorporateStockEOYFMVAmt
Total Assets BOY$1,118,002TotalAssetsBOYAmt
Total Assets EOY$2,127,103TotalAssetsEOYAmt
Total Assets EOYFMV$2,350,688TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,118,002RetainedEarningBOYAmt
Retained Earning EOY$2,127,103RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,118,002TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,127,103TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,118,002TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,127,103TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,118,002TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,009,101ExcessRevenueOverExpensesAmt
Subtotal$2,127,103SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,127,103TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$286,180GrossSalesPriceAmt
Cost Or Other Basis$242,944CostOrOtherBasisAmt
Gain Or Loss$43,236GainOrLossAmt
Gains Minus Excess Or Losses$43,236GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$43,236CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,233InvestmentIncomeExciseTaxAmt
Subtotal$1,233SubtotalAmt
Tax Based On Investment Income$1,233TaxBasedOnInvestmentIncomeAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Tax Due$1,233TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Margaret Boucher
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, Pres1.0$0$0$0
Timothy Boucher
Foundation Source 501 Silverside RdWilmingtonDE198091377Sec1.0$0$0$0
Nicole Boucher Bruger
Foundation Source 501 Silverside RdWilmingtonDE198091377Treas1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,051,421AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$47,596AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,099,017TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$2,099,017AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$31,485CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,067,532NetVlNoncharitableAssetsAmt
Minimum Investment Return$103,377MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$103,377MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,233TaxBasedOnInvestmentIncomeAmt
Total Tax$1,233TotalTaxAmt
Distributable Before Adj$102,144DistributableBeforeAdjAmt
Distributable Before Ded$102,144DistributableBeforeDedAmt
Distributable As Adjusted$102,144DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$60,799ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$60,799QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$102,144DistributableAsAdjustedAmt
Undistributed Income PY$41,168UndistributedIncomePYAmt
Qualifying Distributions$60,799QualifyingDistributionsAmt
Applied To Year1$41,168AppliedToYear1Amt
Applied To Current Year$19,631AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$82,513UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerMargaret BoucherContributingManagerNm
Contributing ManagerTimothy BoucherContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MANNA FOOD BANK
99 BROADPOINTE DRMILLS RIVERNC28759N/APCGeneral & Unrestricted$10,000
NATIONAL POLICE DOG FOUNDATION INC
2390-C LAS POSAS RD STE 477CAMARILLOCA93010N/APCGeneral & Unrestricted$10,000
ST PETERSBURG FREE CLINIC INC
863 3RD N AVESAINT PETERSBURGFL33701N/APCHurricane relief efforts$15,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$35,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,628ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$51,063ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$43,236ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$95,927ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$95,927TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
Boucher Margaret
145 Country Club DriveRochesterNY14618$931,500Yes (X)
Boucher Timothy
215 Drury LaneRochesterNY14625$50,000Yes (X)

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (19 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AVANTIS EMERGING MKTS EQUITY$84,804$89,186
AVANTIS US SMALL CAP VALUE ETF$93,599$101,391
BLACKROCK U.S. EQUITY FACTOR R$79,637$82,629
DIMENSIONAL INTERN HIGH PROFIT$127,263$127,478
DIMENSIONAL US HIGH PROFITABIL$180,294$217,344
FIDELITY QUALITY FACTOR ETF$79,517$80,574
FIDELITY VALUE FACTOR ETF$80,375$95,531
GOLDMAN SACHS ACTIVEBETA INTL$138,598$143,523
GOLDMAN SACHS ACTIVEBETA US LA$271,907$346,137
GOLDMAN SACHS ACTIVEBETA US SM$30,274$34,164
ISHARES 0 5 YEAR HIGH YIELD CO$107,061$107,933
ISHARES CORE US VALUE$43,615$49,570
ISHARES EDGE MSCI INTL VALUE F$45,611$48,325
ISHARES MSCI USA MIN VOLATILIT$97,336$111,625
ISHARES MSCI USA MOMENTUM FACT$209,989$262,812
SCH ST US TRSR ETF$178,162$177,011
SCHWAB FUNDAMENTAL INTERNATION$46,435$46,663
SPDR PORTFOLIO INTERMEDIATE TE$139,077$138,978
SPDR PORTFOLIO LONG TERM TREAS$32,802$29,067

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$14,274$14,274
Administrative Set-Up Fee$11,500$11,500
State or Local Filing Fees$25$25

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Management ServicesCategoryTxt
Amt$7,208Amt
Net Investment Income$7,208NetInvestmentIncomeAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonBoucher TimothyPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line115 Drury LaneAddressLine1Txt
CityRochesterCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14625ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Category990-PF Excise Tax for 2023CategoryTxt
Amt$319Amt

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