Frances & Solomon Petchers Foundation Inc
- Assets
- $97.5k
- Revenue
- $5.0k
- Investments
- $97.4k
- Employees
- 0
- Location
- Chagrin Falls, OH
- Founding
- Data as of
- 12/2022
- EIN
- 13-6159090
Organization Overview
Frances & Solomon Petchers Foundation Inc is located in Chagrin Falls, OH. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frances & Solomon Petchers 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 12/2022, Frances & Solomon Petchers Foundation Inc generated $5.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $3.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLAYHOUSE SQUARE FOUNDATION
KENT STATE UNIVERSITY PERFORMING ARTS CENTER
HELP UKRAINE FOUNDATION
LAKE ERIE FOLK FESTIVAL
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,016 |
| 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 | $5,016 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $72 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $64 |
| Printing and publications | $187 |
| Other expenses | $623 |
| Total operating and administrative expenses | $1,046 |
| Contributions, gifts, grants paid | $2,379 |
| Total expenses and disbursements | $3,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $58 |
| 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 | $97,459 |
| 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, Frances & Solomon Petchers Foundation Inc has awarded $1,350 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PLAYHOUSE SQUARE FOUNDATIO PURPOSE: ARTS PROGRAMS | $700 |
CASE WESTERN RESERVE UNIVE PURPOSE: EDUCATIONAL PROGRAMS | $300 |
KENT STATE UNIVERSITY PURPOSE: EDUCATIONAL PROGRAMS | $200 |
MUSICAL THEATRE PROJECT PURPOSE: ARTS PROGRAMS | $150 |