Small Public Charity

PATENT QUALITY EDUCATION & TRAINING FOUNDATION

PATENT QUALITY EDUCATION & TRAINING FOUNDATION is a Small Public Charity headquartered in CARY, NC. Financial data from the 2024 filing: $-6K revenue, $7K expenses, $152K total assets. 2 publicly reported grants to this organization, totaling roughly $20K, appear in IRS filings.

EIN: 822174233 CARY, NC Latest filing: 2024
Total Revenue$-6K
Total Expenses$7K
Total Assets$152K
Grant Records2
Funding Total$20K
Filing Years2019–2024

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.

Officers & Directors

MEMBER David Sheppard
MEMBER Rachelle Thompson
MEMBER Thomas Roczylovich
PRESIDENT Timothy Wilson

Officer compensation and complete director data available with membership.

Top Grant Purposes

UNRESTRICTED SUPPORT.
$20,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $-6K $7K $152K
2023 $5K $18K $166K
2022 $-6K $3K $178K
2020 $6K $36K $148K
2019 $43K $37K $178K

Between 2019 and 2024, reported annual revenue moved from $43K to $-6K, with total assets most recently reported at $152K.

Interactive year-over-year charts and full filing details available with membership.

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