Petitpren Family Foundation
- Assets
- $156.9k
- Revenue
- $57.5k
- Investments
- $94.4k
- Employees
- 0
- Location
- Clinton Township, MI
- Founding
- 12/2003
- Data as of
- 12/2022
- EIN
- 20-0129571
Organization Overview
Petitpren Family Foundation is located in Clinton Township, MI. The organization was established in 2003. 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. Petitpren 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.
For the year ending 12/2022, Petitpren Family Foundation generated $57.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.0%) each year. All expenses for the organization totaled $65.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Petitpren Family Foundation has awarded 40 individual grants totaling $870,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Petitpren President, Director | 2 | $0 | |
Diane Petitpren Secr./treas., Director | 2 | $0 | |
Dennis J Laporte Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,020 |
| Interest on Savings | $68 |
| Dividends & Interest | $2,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,573 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,534 |
| 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 | $20 |
| Total operating and administrative expenses | $20 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $65,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $62,571 |
| 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 | $94,376 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $156,947 |
| 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, Petitpren Family Foundation has awarded $65,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MACOMB COUNTY HABITAT FOR HUMANITY PURPOSE: CHARITABLE PURPOSES | $7,500 |
MARINE CORP SCHOLARSHIP FOUNDATION PURPOSE: CHARITABLE PURPOSES | $7,500 |
MAYO CLINIC DEPT OF DEVELOPMENT PURPOSE: CHARITABLE PURPOSES | $25,000 |
MCLAREN MACOMB HEALTHCARE FOUNDATION PURPOSE: CHARITABLE PURPOSES | $10,000 |
JT MESTDAGH FOUNDATION PURPOSE: CHARITABLE PURPOSES | $7,500 |
PAWS WITH A CAUSE PURPOSE: CHARITABLE PURPOSES | $7,500 |