Petra Foundation Inc
- Assets
- $29.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Covington, GA
- Founding
- 12/2008
- Data as of
- 12/2022
- 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 12/2022, Petra Foundation Inc generated $113.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $88.3k during the year ending 12/2022. While expenses have increased by 25.7% 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
2022
Describe the Organization's Program Activity:
Part 3
THE MAIN PURPOSE OF PETRA FOUNDATION, INC. IS TO SHOW THE HOMELESS, DRUG OR ALCOHOL ADDICTED MEN THE LOVE OF JESUS THROUGH FOOD, SHELTER AND HOPE FOR THE FUTURE. WE CONTINUE TO PARTNER WITH A TWO-YEAR DRUG AND ALCOHOL REHABILITATION PROGRAM. PETRA PROVIDES ITEMS TO THESE MEN IN THE PROGRAM AS NEEDED. WE ALSO SPONSOR MEN APPROVED TO ENTER THE PROGRAM BY PAYING THE FIRST SIX MONTHS OF THEIR FEES. OUR BELIEF IS THAT THE 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. THIS YEAR WE ALSO RECEIVED A GRANT TO HELP THE LARGE HOMELESS POPULATION IN THIS AREA. WE WERE ABLE TO HIRE TRAINED AND QUALIFIED INDIVIDUALS TO GO INTO THE HOMELESS LIVING AREAS TO HELP WITH THEIR MANY DIFFERENT AND VARIED NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michel Franklin Director | 0 | $0 | |
Joe Franklin Assistant Director | 0 | $0 | |
Cheryl Cheek Treasurer | 0 | $0 | |
Jodi Garner Administrative | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,079 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $113,079 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $63,929 |
| Professional fees and other payments to independent contractors | $3,200 |
| Occupancy, rent, utilities, and maintenance | $180 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,972 |
| Total expenses | $88,281 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,333 |
| Other assets | $0 |
| Total assets | $29,333 |
| Total liabilities | $0 |
| Net assets or fund balances | $29,333 |