Pedrero Family Foundation
- Assets
- $5.1m
- Revenue
- $377.4k
- Investments
- $5.0m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 26-0304971
Organization Overview
Pedrero Family Foundation is located in Minneapolis, MN. The organization was established in 2009. 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. Pedrero 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, Pedrero Family Foundation generated $377.4k 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 (9.7%) each year. All expenses for the organization totaled $441.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Pedrero Family Foundation has awarded 56 individual grants totaling $3,446,221. 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'S ACTIVITIES CONSIST SOLELY OF GRANT MAKING TO OTHER 501(C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne M Pedrero President | 0.25 | $0 | |
Robert Pedrero Vice President | 0.25 | $0 | |
Katherine Weber Secretary/treasurer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $302,605 |
| Interest on Savings | $476 |
| Dividends & Interest | $125,125 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$50,768 |
| Capital Gain Net Income | $36,632 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $377,438 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,794 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $108 |
| Total operating and administrative expenses | $21,526 |
| Contributions, gifts, grants paid | $420,000 |
| Total expenses and disbursements | $441,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $65,494 |
| Net Accounts receivable | $632 |
| 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 | $5,097,171 |
| 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, Pedrero Family Foundation has awarded $420,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BROWN UNIVERSITY PURPOSE: ANNE'S CAFE | $150,000 |
BROWN UNIVERSITY PURPOSE: BROWN ANNUAL FUND | $50,000 |
BROWN UNIVERSITY PURPOSE: UNRESTRICTED | $25,000 |
SAN FRANCISCO UNIVERSITY HIGH SCHOOL PURPOSE: ANNUAL FUND | $50,000 |
SMITHSONIAN INSTITUTION PURPOSE: UNRESTRICTED | $50,000 |
STANFORD UNIVERSITY PURPOSE: CENTER FOR FOOD SECURITY | $20,000 |