Patriot Ocean Foundation
Patriot Ocean Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $186K in total assets. In 2024, it made $9K in qualifying distributions. Net investment income was $18.
Key facts about Patriot Ocean Foundation
- EIN
- 87-2664179
- Latest 990 filing
- Form 990-PF, 2024
- Total assets
- $185,824
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$186K
+81.7% YoY
Revenue
$93K
+478.7% YoY
Qualifying Distributions
$9K
-62.0% YoY
Expenses
$9K
-62.0% YoY
Under IRS private-foundation payout rules, Patriot Ocean Foundation reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
How Patriot Ocean Foundation gives
- In 2024 it paid out 155% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $185,824 | $102,297 | $110,538 |
| Revenue | $92,750 | $16,028 | $10,631 |
| Expenses | $9,223 | $24,269 | $18,586 |
| Qualifying Distributions | $9,191 | $24,167 | $18,586 |
| Net Investment Income | $18 | $28 | $131 |
| Distributable Amount | $5,920 | $5,280 | $5,514 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Officers and directors from IRS filings
Patriot Ocean Foundation is led by Matthew E Davis, Director, President, Secretary & Treasurer on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Matthew E Davis
Director, President, Secretary & Treasurer
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Patriot Ocean Foundation
How large is Patriot Ocean Foundation?
Patriot Ocean Foundation reported $186K in total assets on its 2024 IRS Form 990-PF. It paid out $9K in qualifying distributions that year, against a required minimum of $6K (roughly 5% of its investment assets).
What is Patriot Ocean Foundation?
Patriot Ocean Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. It holds $186K in total assets as of 2024.
Where does Patriot Ocean Foundation operate?
Patriot Ocean Foundation has awarded grants in California.
What is Patriot Ocean Foundation's EIN?
Patriot Ocean Foundation's EIN (Employer Identification Number) is 87-2664179. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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