Petrello Family Foundation
- Assets
- $2.0m
- Revenue
- -$182.1k
- Investments
- $2.0m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 10/2002
- Data as of
- 06/2024
- EIN
- 01-0559509
Organization Overview
Petrello Family Foundation is located in Houston, TX. The organization was established in 2002. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petrello Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Petrello Family Foundation has awarded 327 individual grants totaling $6,632,858. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony G Petrello Director | 0 | $0 | |
Cynthia A Petrello Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $96,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$278,631 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$182,131 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,218 |
| Contributions, gifts, grants paid | $121,450 |
| Total expenses and disbursements | $124,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,544 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,025,663 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Petrello Family Foundation has awarded $121,450 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSTON GRAND OPERA PURPOSE: TO SUPPORT ARTISTIC ENDEAVORS | $13,250 |
THE HERMAN PARK CONSERVANCY PURPOSE: SUPPORT IMPROVEMENT OF HERMANN PARK | $60,000 |
HOUSTON METHODIST HOSPITAL PURPOSE: TO SUPPORT GLOBAL HEALTH CARE | $10,000 |
THE MUSEUM OF FINE ARTS HOUSTON PURPOSE: TO SUPPORT MUSEUM | $13,000 |
BOYS TOWN PURPOSE: TO SUPPORT CHILDREN | $100 |
FRANCISCAN LIFE CENTER PURPOSE: TO SUPPORT YOUTH EDUCATIONAL PROGRAM | $25,000 |