Lauretta K Peters And Richard R Peters Charitable Foundation
- Assets
- $1.9m
- Revenue
- $214.1k
- Investments
- $1.9m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 27-1106297
Organization Overview
Lauretta K Peters And Richard R Peters Charitable Foundation is located in Cleveland, OH. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Lauretta K Peters And Richard R Peters Charitable 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 12/2021, Lauretta K Peters And Richard R Peters Charitable Foundation generated $214.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $347.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lauretta K Peters And Richard R Peters Charitable Foundation has awarded 62 individual grants totaling $547,500. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Traci Lancy Director | 0.1 | $0 | |
Lawrence A Visocky Director | 0.1 | $0 | |
Ronald F Wayne Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $64,239 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $156,565 |
| Capital Gain Net Income | $163,572 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$6,705 |
| Total Revenue | $214,099 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,042 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $232 |
| Printing and publications | $0 |
| Other expenses | $399 |
| Total operating and administrative expenses | $66,191 |
| Contributions, gifts, grants paid | $281,500 |
| Total expenses and disbursements | $347,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,651 |
| Savings and temporary cash investments | $2,628 |
| 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 | $393,246 |
| Net Land, buildings, and equipment | $2,800 |
| Other assets | $0 |
| Total assets | $1,928,372 |
| 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 | $339 |
| Total liabilities | $339 |
Grants Awarded
Over the last fiscal year, Lauretta K Peters And Richard R Peters Charitable Foundation has awarded $281,500 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: SCHOOL OF MEDICINE-PARKINSON'S DISEASE RESEARCH | $30,000 |
Kent, OH PURPOSE: SUPPORT FOR WKSUPROGRAMS RELATEDTO INVESTING | $15,000 |
CROHN'S & COLITIS FOUNDATION OF AMER NE CHAPTER PURPOSE: GENERAL PURPOSES | $15,000 |
Cleveland, OH PURPOSE: FRANCES PAYNEBOLTON SCHOOLOF NURSING | $15,000 |
THE OHIO PARKINSON FOUNDATION NORTHEAST REGION PURPOSE: GENERAL SUPPORT | $15,000 |
ALZHEIMERS ASSOCIATION CLEVELAND AREA PURPOSE: GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Van Andel Institute Grand Rapids, MI | $1,815,971,878 | $111,524,637 |
William Davidson Foundation Birmingham, MI | $1,107,938,800 | $127,279,050 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI | $63,637,902 | $79,561,320 |
Gilbert Family Foundation Detroit, MI | $122,833,560 | $20,538,766 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |