Nonprofit · EIN 82-2174233
PATENT QUALITY EDUCATION & TRAINING FOUNDATION
Tax-exempt · CARY, NC 27511
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | -$6,077 | $7,044 | -$13,121 | $152,413 | $0 | $152,413 |
| December 31, 2023 | 990-EZ | $5,027 | $17,842 | -$12,815 | $165,534 | $0 | $165,534 |
| December 31, 2022 | 990-EZ | -$6,125 | $3,047 | -$9,172 | $178,349 | $0 | $178,349 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,500
- Investment income
- $437
- Net income from fundraising events
- -$10,014
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $4,825
- Other expenses
- $2,219
Balance sheet and other
- Total assets, start of year
- $165,534
- Total assets, end of year
- $152,413
- Total liabilities, end of year
- $0
- Net assets, end of year
- $152,413
- Cash, savings and investments
- $152,413
- Gross receipts
- $3,937
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY WILSON | PRESIDENT | 5 | $0 |
| RACHELLE THOMPSON | MEMBER | 2 | $0 |
| THOMAS ROCZYLOVICH | MEMBER | 2 | $0 |
| DAVID SHEPPARD | MEMBER | 2 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY WILSON | PRESIDENT | 5 | $0 |
| RACHELLE THOMPSON | MEMBER | 2 | $0 |
| THOMAS ROCZYLOVICH | MEMBER | 2 | $0 |
| DAVID SHEPPARD | MEMBER | 2 | $0 |
990-EZ for the year ended December 31, 2022: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY WILSON | PRESIDENT | 5 | $0 |
| RACHELLE THOMPSON | MEMBER | 2 | $0 |
| THOMAS ROCZYLOVICH | MEMBER | 2 | $0 |
| DAVID SHEPPARD | MEMBER | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 331 S WEST ST, CARY, NC 27511-3237
- Signed the 990-EZ
- TIMOTHY WILSON, PRESIDENT
- Phone
- (919) 531-3240
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
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.
Program accomplishments
- 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.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 82-2174233
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $152,413
- Income (IRS master file)
- $3,937
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | -$6,077 | $7,044 | $152,413 | XML |
| 990-EZ | December 2023 | $5,027 | $17,842 | $165,534 | XML |
| 990-EZ | December 2022 | -$6,125 | $3,047 | $178,349 | XML |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-2174233).
Questions about PATENT QUALITY EDUCATION & TRAINING FOUNDATION
- What is the EIN of PATENT QUALITY EDUCATION & TRAINING FOUNDATION?
- The employer identification number (EIN) of PATENT QUALITY EDUCATION & TRAINING FOUNDATION is 82-2174233.
- Is PATENT QUALITY EDUCATION & TRAINING FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to PATENT QUALITY EDUCATION & TRAINING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PATENT QUALITY EDUCATION & TRAINING FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PATENT QUALITY EDUCATION & TRAINING FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PATENT QUALITY EDUCATION & TRAINING FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of PATENT QUALITY EDUCATION & TRAINING FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does PATENT QUALITY EDUCATION & TRAINING FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of -$6,077, expenses of $7,044 and total assets of $152,413 at year end.
Other nonprofits in CARY
- CARY ACADEMY EIN 56-1934619 · last filed 990 for 2025
- TRIANGLE CHARTER EDUCATION ASSOCIATION INC EIN 90-1031905 · last filed 990 for 2025
- CARY CHRISTIAN SCHOOL INC EIN 56-1894697 · last filed 990 for 2025
- JAMES B HUNT JR INSTITUTE FOR EDUCATIONAL LEADERSHIP AND POLICY EIN 80-0025367 · last filed 990 for 2025
- FORUM OF INCIDENT RESPONSE AND SECURITY TEAMS EIN 38-3943584 · last filed 990 for 2025
- SHEPHERDS THEOLOGICAL SEMINARY INC EIN 20-0180768 · last filed 990 for 2025
- PUBLIC SCHOOL FORUM OF NORTH CAROLINA INC EIN 58-1654064 · last filed 990 for 2025
- LUCY DANIELS CENTER FOR EARLY CHILDHOOD EIN 58-1863104 · last filed 990 for 2025