Peterson Family Foundation Ii Inc
- Assets
- $83.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 20-8351665
Organization Overview
Peterson Family Foundation Ii Inc is located in Fairfax, VA. The organization was established in 2008. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peterson Family Foundation Ii 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 12/2021, Peterson Family Foundation Ii Inc generated $233.0 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 (66.2%) each year. All expenses for the organization totaled $3.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (62.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Peterson Family Foundation Ii Inc has awarded 22 individual grants totaling $26,217,160. 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION'S MISSION HAS HISTORICALLY BEEN TO SUPPORT VARIOUS EDUCATIONAL PROGRAMS AT SEVERAL SUPPORTED ORGANIZATIONS. DURING 2021, THE FOUNDATION UNDERTOOK A PROCESS TO EXAMINE AND ULTIMATELY REFOCUS ITS EFFORTS REGARDING THE ORGANIZATIONS IT SUPPORTS. THIS RESTRUCTURING WAS COMPLETED IN EARLY 2022 AND RESULTED IN THE DESIGNATION OF TWO NEW SUPPORTED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn S Peterson Secretary | 0 | $0 | |
Lauren E Peterson President | 0 | $0 | |
Jon M Peterson Treasurer | 0 | $0 | |
Rita Meyer Director | 0 | $0 | |
Mike Schoenfeld Director | 0 | $0 | |
Otis D Coston Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $233 |
| Total Revenue | $233 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25 |
| Total expenses | $3,525 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $83,225 |
| Other assets | $0 |
| Total assets | $83,225 |
| Total liabilities | $0 |
| Net assets or fund balances | $83,225 |
Grants Awarded
Over the last fiscal year, Peterson Family Foundation Ii Inc has awarded $8,045,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Oakton, VA PURPOSE: GENERAL FUND | $6,025,000 |
Fairfax, VA PURPOSE: GENERAL FUND | $2,010,000 |
Alexandria, VA PURPOSE: GENERAL FUND | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Peterson Family Foundation Ii Inc has recieved totaling $5,695,000.
| Awarding Organization | Amount |
|---|---|
Peterson Family Foundation Fairfax, VA PURPOSE: GENERAL SUPPORT | $5,695,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Building Hope Finance Washington, DC | $123,995,340 | $7,003,194 |
Nc State Engineering Foundation Inc Raleigh, NC | $172,988,383 | $18,412,442 |
Dc Public Education Fund Washington, DC | $19,324,284 | $7,024,090 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
National Automatic Sprinkler 669 Va Education Fund Columbia, MD | $15,668,623 | $8,120,660 |
United States Japan Foundation Owings Mills, MD | $106,169,200 | $4,759,214 |
Lowes Foundation Mooresville, NC | $8,794,184 | $2,155,365 |
Knox Education Foundation Knoxville, TN | $6,393,317 | $5,852,579 |
St Stephen S And St Agnes School Foundation Alexandria, VA | $47,445,810 | $11,356,184 |
St Georges Independent Schools Foundation Collierville, TN | $31,055,433 | $2,932,779 |
Charles B Keesee Educational Fund Incorporated Martinsville, VA | $78,271,755 | $5,985,709 |
James Barry Robinson Home For Boys Trust Norfolk, VA | $49,691,285 | $5,553,084 |