Frank & Janina Petschek Foundation Inc
- Assets
- $785.4k
- Revenue
- $83.5k
- Investments
- $751.0k
- Employees
- 0
- Location
- Falls Church, VA
- Founding
- 06/1958
- Data as of
- 08/2023
- EIN
- 13-6062709
Organization Overview
Frank & Janina Petschek Foundation Inc is located in Falls Church, VA. The organization was established in 1958. 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. Frank & Janina Petschek Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Frank & Janina Petschek Foundation Inc generated $83.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.4%) each year. All expenses for the organization totaled $9.6k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (35.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Frank & Janina Petschek Foundation Inc has awarded 189 individual grants totaling $588,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek P Smith President Treasurer | 2 | $0 | |
Maria P Smith Secretary | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,405 |
| Interest on Savings | $22,609 |
| Dividends & Interest | $40,495 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $83,509 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,566 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $9,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,487 |
| 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 | $785,444 |
| 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, Frank & Janina Petschek Foundation Inc has awarded $111,250 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
WAMU (AMERICAN UNIVERSITY PURPOSE: GENERAL SUPPORT | $500 |
UNITED NEGRO COLLEGE FUND PURPOSE: GENERAL SUPPORT | $300 |
ANNANDALE CHRISTIAN COMMUNITY FOR ACTION PURPOSE: GENERAL SUPPORT | $1,200 |
CAPITAL AREA FOOD BANK PURPOSE: GENERAL SUPPORT | $750 |
BREAD FOR THE CITY PURPOSE: GENERAL SUPPORT | $4,000 |
MASSACHUSETTS RIVER ALLIANCE PURPOSE: GENERAL SUPPORT | $500 |