Petra Foundation Inc
- Assets
- $4.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Covington, GA
- Founding
- 12/2008
- Data as of
- 12/2021
- EIN
- 26-2881707
Organization Overview
Petra Foundation Inc is located in Covington, GA. The organization was established in 2008. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petra 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 12/2021, Petra Foundation Inc generated $28.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $30.5k during the year ending 12/2021. While expenses have increased by 8.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE MAIN PURPOSE OF PETRA FOUNDATION, INC. IS TO SHOW HOMELESS, DRUG OR ALCOHOL ADDICTED MEN THE LOVE OF JESUS THROUGH FOOD, SHELTER AND HOPE FOR THE FUTURE. THE NEW BEGINNINGS MINISTRY OPERATES MOSTLY BY SALES OF LOW-COST MATTRESSES AND BOX SPRINGS WHICH HELPS FUND THE OVERALL PROGRAM. WE ARE PARTNERED WITH A TWO-YEAR DRUG AND ALCOHOL REHABILITATION PROGRAM. PETRA PROVIDES ITEMS TO THE MEN IN THIS PROGRAM AS NEEDED. WE ALSO SPONSOR MEN APPROVED TO ENTER THE PROGRAM BY PAYING THE FIRST SIX MONTHS OF FEES. OUR BELIEF IS THAT MEN WHO COME TO THIS PROGRAM WILL HAVE THE OPPORTUNITY TO STEP TO THE NEXT LEVEL, WHICH IS LONG TERM TREATMENT FOR THEIR ADDICTION. BEHIND PETRA'S EFFORTS IS A VISION FOR THESE MEN TO BE ABLE TO LIVE A PRODUCTIVE LIFE FREE FROM ADDICTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Franklin Assistant Director | 10 | $0 | |
Michel Franklin Director | 15 | $0 | |
Jodi Garner Administrative | 5 | $0 | |
Cheryl Cheek Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,600 |
| Total Program Service Revenue | $12,626 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $28,226 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $1,017 |
| Printing, publications, postage, and shipping | $218 |
| Other expenses | $29,297 |
| Total expenses | $30,532 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,661 |
| Other assets | $0 |
| Total assets | $4,535 |
| Total liabilities | $0 |
| Net assets or fund balances | $4,535 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Petra Foundation Inc has recieved totaling $14,576.
| Awarding Organization | Amount |
|---|---|
Real Momentum Ministries Inc Blaine, TN PURPOSE: CONTRIBUTION | $14,576 |
Peer Organizations
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|---|---|---|
Westside Future Fund Atlanta, GA | $55,374,938 | $4,466,187 |
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Cesc Tallahassee, FL | $2,842,233 | $8,438,048 |
Greensboro Urban Ministry Greensboro, NC | $9,704,023 | $8,817,068 |
P3 Foundation Inc Charlotte, NC | $75,107,588 | $5,131,940 |
Community Action Agency Of Northeast Alabama Inc Rainsville, AL | $2,230,676 | $9,389,918 |
Fulton-Atlanta Community Action Authority Inc Atlanta, GA | $1,160,189 | $9,503,293 |
Family Resource Agency Inc Cleveland, TN | $3,123,531 | $9,293,392 |
Franklin Vance Warren Opportunity Henderson, NC | $4,057,269 | $9,956,290 |
T3 Labs Atlanta, GA | $9,085,833 | $8,566,316 |
Housing Preservation Inc Memphis, TN | $40,176,409 | $5,595,751 |
Embrace Families Inc Maitland, FL | $11,608,640 | $10,892,906 |