2024-05-15T15:29:41-04:00 2023-12-31 821719686 Kathleen Rice CPA LLC PO Box 12639 Charleston SC 29422 990 2023-01-01 832039772 Patriot Art Foundation PATR PO Box 620 Mount Pleasant SC 29465 Martha Waggoner President 2024-05-13 true Martha Waggoner true Kathleen Rice CPA P00449579 8433884157 2024-05-15 X 2 11 AAL2 IAL1 2023 2023-04-26 12:10:37Z X Martha Waggoner 66 Saturday Rd Mount Pleasant SC 29464 62442 false X www.patriotartfoundation.org X 2018 SC The organizations exempt purpose is to educate on and raise public awareness of the veteran experience through art and promote healing and restoration among veterans through artistic expression 11 11 0 0 0 62141 0 301 0 62442 6205 0 8190 0 0 9203 23598 38844 196585 235429 2363 2363 194222 233066 The organizations exempt purpose is to educate on and raise public awareness of the veteran experience through art and promote healing and restoration among veterans through artistic expression false false 3297 3297 The foundation sponsored an event on the USS Yorktown, an aircraft carrier that is now a museum ship. The event was a watercolor workshop for registered veterans on VeteransDay. 28 veterans participated and received art instruction, lunch and a live demonstration aboard the Yorktown. This is an annual event. 3064 The traveling exhibition We the People has been touring the US and was installed at the National Museum of the Marine Corps near Washington, DC in 2022 and was in place there until January 22, 2023. The exhibit was then installed at the National Museum of the US Army in Fort Belvoir, Virginia from March 18, 2023 - July 14, 2023. 2908 2908 The foundation provides art supplies to participating VA hospitals that provide art classes to veterans. 9269 true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 4 0 true 0 false false false false false false false false false false false false X 11 11 false false false false false false false true true false false false true true true false false true false false SC X Joan Naugle 8438105358 107 Spring St Summerville SC 29485 Peggy L Tadej Executive Director 20.00 0.00 X 6900 0 0 Beth Meredith Director 0.10 0.00 X 0 0 0 Don Higgins Director 0.10 0.00 X 0 0 0 Susan Marlowe Director 0.10 0.00 X 0 0 0 Lisa Quadrini Director 0.10 0.00 X 0 0 0 Lori Fernald Director 0.10 0.00 X 0 0 0 Arnold Nemirow Director 0.10 0.00 X 0 0 0 Mary Whyte Nemirow Director 0.10 0.00 X 0 0 0 Darrell Billham Director 0.10 0.00 X 0 0 0 Libby Billham Director 0.10 0.00 X 0 0 0 Andy Cloyd Director 0.10 0.00 X 0 0 0 Tim Gagnon Director 0.10 0.00 X 0 0 0 Sharon Crawford Director 0.10 0.00 X 0 0 0 Martha Waggoner President 20.00 0.00 X 0 0 0 Joan Naugle Treasurer 5.00 0.00 X 0 0 0 6900 0 0 0 false false false 62141 62141 301 301 62442 301 0 0 2908 2908 3297 3297 6900 6900 1290 1290 424 424 5767 5767 1774 1774 Consulting 1238 1238 23598 9269 14329 0 196585 235429 196585 235429 2363 2363 2363 2363 X 194222 217456 15610 194222 233066 196585 235429 38844 0 X false false false X 63537 17665 2790 5520 61141 150653 208850 208850 1000 1000 272387 17665 2790 5520 62141 360503 360503 293 293 301 887 293 293 301 887 272387 17665 3083 5813 62442 361390 0.99750 0.99800 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Due to Mary Whyte LLC 2363 2363 Form 990 governing body review Part VI line 11 Directors ultimately hold full non-delegable responsibility for the Corporations actions and well-being. Directors are required to carry out their board responsibilities with careful attentiveness and dedication attending meetings, actively participating in board deliberations, seeking outside counsel and guidance as appropriate; and ensuring that all state and federal taxes, registrations, returns, and other financial reports required under applicable laws are timely filed. Conflict of interest policy compliance Part VI line 12c Article I. PurposeThe purpose of this Conflict of Interest Policy is to protect the Corporation and its tax-exempt status when the Corporation is contemplating entering into a transaction or arrangement that involves certain individuals that have a special relationship with the Corporation, either directly or through family or business relationships. The law imposes a fiduciary duty on the Corporations directors, which carries with it a broad and unbending duty of loyalty to the Corporation. The directors have the responsibility of administering the Corporations affairs honestly and prudently, and of exercising their best care, skill, and judgment for the Corporations sole benefit. As such, they shall exercise the utmost good faith in all transactions involved in their duties, and they shall not use their positions with the Corporation or knowledge gained therefrom for improper private benefit. The interests of the Corporation must be the first priority in each directors decisions and actions. This Policy is intended to supplement but notreplace applicable laws governing conflicts of interest for nonprofits. Article II. Definition of Interested Person and Conflict of InterestAn Interested Person shall include:1. any director, officer, member of a committee with board-delegated power, or keyemployee of the Corporation (an employee with decision-making authority);2. a substantial contributor to the Corporation;3. any family member of the individuals described above; and 4. any corporation, trust, or other entity in which persons described above hold more than35 percent of the total combined voting power.A Conflict of Interest is any transaction or arrangement involving the Corporation, which directly or indirectly benefits an Interested Person.A. Annual AffirmationsEach director, officer, member of a committee with board-delegated power, or key employees of the Corporation shall annually sign a statement which affirms that such person:1. has received a copy of this Policy;2. has read and understands the Policy;3. has disclosed on the annual statement all known potential Conflicts of Interest that may arise, or have arisen; and4. agrees to comply with the Policy. B. RecordkeepingThe Corporations Board of Directors shall maintain a record of other known potential Conflicts of Interest that may arise, or have arisen with Interested Persons not otherwise disclosed under Section A of this Article.Article IV. Procedures for Addressing Conflicts of InterestA. Loyalty to the CorporationThe Corporation must be careful in undertaking transactions with Interested Persons to ensure that the transaction is in the best interest of the Corporation and that the Interested Person is not receiving an improper private benefit. This may include, but is not limited to, those transactions involving Interested Persons with decision-making authority in the Corporation. B. Duty to Disclose and Recuse from Discussion and VoteInterested Persons with decision-making authority in the Corporation have a duty to disclose the existence of a potential Conflict of Interest in any proposed transaction or arrangement under consideration by the Corporation. After disclosure of the interest and all material facts related thereto by the Interested Person, including any initial questioning by the independent individuals on the board or committee, the Interested Person with the Conflict of Interest shall recuse himself or herself and is not permitted to participate in any discussion or vote, on the transaction or arrangement. C. Investigation and Due Diligence AnalysisThe Corporation has a duty to investigate alternatives to any proposed transaction orarrangements involving Interested Persons to determine whether the proposed action is in the best interest of the Corporation. If appropriate, the chairperson may appoint a disinterested person or committee to perform this investigation. After exercising due diligence, the board or committee shall determine whether the Corporation can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a Conflict of Interest. D. Decision-Making ProcessIf a more advantageous transaction or arrangement is not reasonably attainable undercircumstances that would not give rise to a Conflict of Interest, the board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Corporations best interest and whether the transaction is fair and reasonable to the Corporation, and shall make its decision as to whether to enter into the transaction or arrangement in conformity with such determination. E. Contemporaneous ReportingThe acts taken to comply with this Policy, including the disclosure of the Conflict of Interest, investigation thereafter, explanation of the decision-making process, including the explanation of why the proposed action is or is not in the best interest of the Corporation, and the individuals voting on the proposed transaction, shall be contemporaneously recorded in writing by the Corporation in the minutes of the meeting, together with any comparability data or other supporting documentation. Article V. Violations of the Conflicts of Interest PolicyIf the board or committee has cause to believe that a director, officer, member of a committee, or key employee has failed to disclose actual or possible conflicts of interest, it shall inform the individual of the basis for such belief and provide an opportunity to explain the alleged failure to disclose.If, after hearing the response and making such further investigation as may be warranted in the circumstances, the independent board or committee determines that he or she has in fact knowingly failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action, including suspension or removal from his or her position with the Corporation. Article VI. Compensation and Avoiding Excess BenefitsA. Duty to Recuse for CompensationAn Interested Person who receives compensation, directly or indirectly, from the Corporation for services, whether as an employee or an independent contractor, is precluded from voting on matters pertaining to his/her compensation or any benefits provided by the Corporation to the individual.B. Review of Compensation ArrangementsAll compensation arrangements between the Corporation and an Interested Person shall bereviewed at least every other year by the Corporation to assure that compensation is reasonable and is the result of arms-length bargaining. Decisions regarding compensation shall be made only after the Board or an appropriate independent committee examines relevant financial information regarding compensation received by similarly situated individuals for similar services performed. A copy of such relevant comparable financial information, including a description of how the data was obtained, shall be maintained as a part of the records of board or appropriate committee making such compensation decision. CEO executive director top management comp Part VI line 15a The position of Executive Director was posted on Linked In. The board interviewed three candidates and unanimously decided on the current Executive Director, Peggy Tadej. Form 990 availability to public Part VI line 18 Copies of this return are available upon request Governing documents etc available to public Part VI line 19 A copy of governing documents and statements will be provided up on request