Adolph H & Rosetta J Peterson Charity Foundation
- Assets
- $360.8k
- Revenue
- $14.2k
- Investments
- $358.3k
- Employees
- 0
- Location
- Madrid, IA
- Founding
- 10/1973
- Data as of
- 07/2024
- EIN
- 23-7077607
Organization Overview
Adolph H & Rosetta J Peterson Charity Foundation is located in Madrid, IA. The organization was established in 1973. 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. Adolph H & Rosetta J Peterson Charity 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 07/2024, Adolph H & Rosetta J Peterson Charity Foundation generated $14.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $23.7k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Adolph H & Rosetta J Peterson Charity Foundation has awarded 108 individual grants totaling $193,000. 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 |
|---|---|---|---|
Emily Mccarty Secretary/tr | 2 | $400 | |
Gabe Bowers Vice Preside | 2 | $0 | |
Carl Bergstrom Director | 1 | $0 | |
Meredith Mahoney Nerem President | 2 | $0 | |
Susan Barker Director | 1 | $0 | |
Matt Hau Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,488 |
| Dividends & Interest | $2,645 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,088 |
| Capital Gain Net Income | $1,088 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,221 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $191 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,973 |
| Total operating and administrative expenses | $5,689 |
| Contributions, gifts, grants paid | $18,000 |
| Total expenses and disbursements | $23,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,500 |
| 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 | $163,172 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $360,836 |
| 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, Adolph H & Rosetta J Peterson Charity Foundation has awarded $18,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BOONE COUNTY PROBATION PURPOSE: CONTRIBUTION | $2,000 |
BOONE COUNTY YOUTH & SHELTER SVCS PURPOSE: CONTRIBUTION | $6,000 |
HOME CARE BOONE COUNTY HOSPITAL PURPOSE: CONTRIBUTION | $2,000 |
DES MOINES Y CAMP PURPOSE: CONTRIBUTION | $1,500 |
BOONE COUNTY RSVP PURPOSE: CONTRIBUTION | $500 |
IOWA GARDENING FOR GOOD PURPOSE: CONTRIBUTION | $500 |