Gary Peters Family Foundation Inc
- Assets
- $5.7m
- Revenue
- $117.2k
- Investments
- $5.3m
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 20-1067444
Organization Overview
Gary Peters Family Foundation Inc is located in Boca Raton, FL. The organization was established in 2018. 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. Gary Peters Family 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, Gary Peters Family Foundation Inc generated $117.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $686.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gary Peters Family Foundation Inc has awarded 199 individual grants totaling $4,885,098. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION INITIATED A SCHOLARSHIP PROGRAM IN 2019 APPROVED BY THE INTERNAL REVENUE SERVICE ON MARCH 7, 2019. THE PURPOSE OF THE PROGRAM IS TO PROVIDE SCHOLARSHIP GRANTS TO DESERVING IMMIGRANTS AND FOREIGN STUDENTS, MINORITY STUDENTS AND LOW-INCOME STUDENTS. ELIGIBLE STUDENTS WHO ATTEND RECOGNIZED EDUCATIONAL INSTITUTIONS WITH EXPENSES SUCH AS TUITION, FEES, AND OTHER EDUCATIONAL EXPENSES ARE CONSIDERED BASED PRIMARILY UPON FINANCIAL NEED AND ACADEMIC ACHIEVEMENT. THE NUMBER OF GRANTS, THE AMOUNT OF EACH GRANT AND THE PURPOSE OF EACH GRANT WILL BE MADE BY A SCHOLARSHIP COMMITTEE ON A CASE-BY-CASE BASIS. IN 2022 ONE STUDENT APPLIED FOR, AND RECEIVED A SCHOLARSHIP GRANT, THE STUDENT WAS A FOREIGN COUNTRY CITIZEN AND ATTENDED COLLEGE IN THE U.S.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Peters Director | 1 | $0 | |
Cecilia Peters Director | 1 | $0 | |
William Gregory Peters Director | 1 | $0 | |
Adam Peters Director | 1 | $0 | |
Gary M Peters Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,315 |
| Dividends & Interest | $156,122 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$46,195 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $117,242 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $89,000 |
| Pension plans, employee benefits | $13,360 |
| Interest | $11,081 |
| Taxes | $7,026 |
| Depreciation | $733 |
| Occupancy | $51,248 |
| Travel, conferences, and meetings | $7,027 |
| Printing and publications | $0 |
| Other expenses | $69,551 |
| Total operating and administrative expenses | $262,029 |
| Contributions, gifts, grants paid | $424,142 |
| Total expenses and disbursements | $686,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $322,333 |
| 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 | $733,118 |
| Investments—other | $333,285 |
| Net Land, buildings, and equipment | $4,473 |
| Other assets | $3,572 |
| Total assets | $5,674,680 |
| 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 | $507,000 |
| Total liabilities | $507,000 |
Grants Awarded
Over the last fiscal year, Gary Peters Family Foundation Inc has awarded $424,142 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BOCA HELPING HANDS PURPOSE: GENERAL PURPOSE | $20,000 |
BOCA RATON POLICE FOUNDATION PURPOSE: GENERAL PURPOSE | $10,000 |
BOCA RATON REGIONAL HOSPITAL FOUNDATION PURPOSE: GENERAL PURPOSE | $5,000 |
BOCA RATON ROTARY PURPOSE: GENERAL PURPOSE | $10,000 |
COMMUNITY FOUNDATION PALM BEACH AND MARTIN COUNTIES PURPOSE: GENERAL PURPOSE | $1,500 |
BOCA WEST CHILDREN'S FOUNDATION PURPOSE: GENERAL PURPOSE | $3,000 |