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Filing year 2024

THE PATCH FOUNDATION

Minneapolis, Minnesota·EIN 41-1873951·NTEE T90Z · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$225k
Total assets
$3.8M
Total expenses
$969k
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2024. THE PATCH FOUNDATION reported 3 unpaid officers and board members on its 990-PF.

President
Director
Director

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$962k

Itemized grants

39

Median grant

$10k

RecipientLocationPurposeAmount
COVENANT WORLD RELIEFCHICAGO, ILRELIGIOUS$150k
EVANGELICAL CONVENANT CHURCHCHICAGO, ILRELIGIOUS$150k
SALEM COVENANT CHURCHNEW BRIGHTON, MNRELIGIOUS$150k
THE SALVATION ARMYROSEVILLE, MNRELIGIOUS$100k
SECOND HARVEST HEARTLANDBROOKLYN PARK, MNPROGRAM SUPPORT$50k
UNIVERSITY OF MINNESOTA FOUNDATIONMINNEAPOLIS, MNEDUCATIONAL$50k
FEED MY STARVING CHILDRENCOON RAPIDS, MNRELIGIOUS$25k
LOAVES AND FISHESMINNEAPOLIS, MNRELIGIOUS$25k
METRO HOPE MINISTRIESMINNEAPOLIS, MNRELIGIOUS$25k
MINNESOTA ADULT & TEEN CHALLENGEMINNEAPOLIS, MNPROGRAM SUPPORT$25k
AGATE HOUSING & SERVICESMINNEAPOLIS, MNPROGRAM SUPPORT$20k
PEOPLE SERVING PEOPLEMINNEAPOLIS, MNPROGRAM SUPPORT$20k
SIMPSON HOUSING SERVICESMINNEAPOLIS, MNPROGRAM SUPPORT$20k
COURAGE KENNY REHABILITATION INSTITUTEMINNEAPOLIS, MNHEALTH$10k
DUNWOODY COLLEGE OF TECHNOLOGYMINNEAPOLIS, MNEDUCATIONAL$10k
HABITAT FOR HUMANITYST PAUL, MNPROGRAM SUPPORT$10k
HOMEWARD BOUNDPLYMOUTH, MNHEALTH$10k
SCIENCE WITH A MISSIONSHARON, MAPROGRAM SUPPORT$10k
TRINITY FIRST LUTHERAN SCHOOLMINNEAPOLIS, MNEDUCATIONAL$10k
TRUE FRIENDSANNANDALE, MNPROGRAM SUPPORT$10k
UNION GOSPEL MISSIONST PAUL, MNRELIGIOUS$10k
SUNSHINE ACRES CHILDREN'S HOMEMESA, AZPROGRAM SUPPORT$7k
ALASKA CHRISTIAN COLLEGESOLDNOTNA, AKEDUCATIONAL$5k
BETHEL UNIVERSITYST PAUL, MNEDUCATIONAL$5k
CAMP KNUTSONCROSSLAKE, MNRELIGIOUS$5k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

THE PATCH FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$228k
$1.1M
2023
$225k
$969k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Minnesota

THE PATCH FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Minnesota earns a median of $32,530.

25th percentile
$8k
Median
$32,530
75th percentile
$93k
90th percentile
$243k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 399 organizations across 399 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Minnesota
FAQ

Common questions about THE PATCH FOUNDATION

What are THE PATCH FOUNDATION's revenue and expenses?

In 2024, THE PATCH FOUNDATION reported $225k in total revenue and $969k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.