Mj Petretto Foundation
- Assets
- $2.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Guilford, CT
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 27-1516798
Organization Overview
Mj Petretto Foundation is located in Guilford, CT. The organization was established in 2010. According to its NTEE Classification (T31) the organization is classified as: Community 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. Mj Petretto 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, Mj Petretto Foundation generated $51.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $50.8k during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 5 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
BENEFIT OF LOCAL CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mj Petretto President | 20 | $0 | |
Linda Remington Secretary | 10 | $0 | |
Diane Atkinson Board Member | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,685 |
| 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 | $51,685 |
| 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 | $775 |
| Occupancy, rent, utilities, and maintenance | $19,325 |
| Printing, publications, postage, and shipping | $779 |
| Other expenses | $3,468 |
| Total expenses | $50,847 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,517 |
| Other assets | $0 |
| Total assets | $2,517 |
| Total liabilities | $1,000 |
| Net assets or fund balances | $1,517 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mj Petretto Foundation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Colon Family Foundation Milford, CT PURPOSE: IN FURTHERANCE OF STATED OBJECTIVES OF THE FOUNDATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Connecticut Community Foundation Inc Waterbury, CT | $154,014,275 | $11,174,882 |
Adirondack Foundation Lake Placid, NY | $81,334,603 | $18,009,853 |
New York City Partnership Foundation Inc New York, NY | $45,208,462 | $5,342,641 |
Northwest Connecticut Community Foundation Inc Torrington, CT | $136,137,199 | $9,989,668 |
Westchester Community College Foundation Inc Valhalla, NY | $61,692,109 | $7,530,233 |
Greater Lowell Community Foundation Inc Lowell, MA | $59,223,650 | $8,473,367 |
Foundation For Metrowest Inc Natick, MA | $31,216,524 | $9,263,838 |
Community Foundation Of North Central Massachusetts Inc Fitchburg, MA | $67,231,130 | $10,261,158 |
Cambridge Community Foundation Cambridge, MA | $50,483,194 | $9,505,977 |
Chautauqua Region Community Foundation Inc Jamestown, NY | $142,153,687 | $14,207,759 |
Gurwin Jewish Geriatric Foundation Inc Commack, NY | $34,213,292 | $8,779,921 |