Peterson Family Foundation Inc
- Assets
- $2.7m
- Revenue
- $162.0k
- Investments
- $2.4m
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 02/1989
- Data as of
- 12/2022
- EIN
- 42-1285493
Organization Overview
Peterson Family Foundation Inc is located in Scottsdale, AZ. The organization was established in 1989. 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. Peterson Family 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, Peterson Family Foundation Inc generated $162.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $183.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Peterson Family Foundation Inc has awarded 22 individual grants totaling $545,418. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori A Duppstadt Dir | 2 | $2,000 | |
Pamela M Kelly Dir | 2 | $2,000 | |
Dean A Peterson Dir, Pres, Sec | 2 | $2,000 | |
Roger P Peterson Dir, VP | 2 | $2,000 | |
Jeff Carithers Dir, VP | 2 | $2,000 | |
David Peterson Dir | 2 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $966 |
| Dividends & Interest | $51,316 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $109,728 |
| Capital Gain Net Income | $109,728 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $162,010 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,182 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,350 |
| Printing and publications | $0 |
| Other expenses | $10,361 |
| Total operating and administrative expenses | $40,053 |
| Contributions, gifts, grants paid | $143,710 |
| Total expenses and disbursements | $183,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $369,235 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,725,659 |
| 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, Peterson Family Foundation Inc has awarded $143,710 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
EMPOWER TANZANIA INC PURPOSE: HEALTH CARE | $133,710 |
HEART CITY PURPOSE: CHARITABLE | $1,000 |
JOHNSON UNIVERSITY FLORIDA PURPOSE: EDUCATION | $1,000 |
GOD'S WAY CHRISTIAN CENTER PURPOSE: RELIGIOUS | $1,000 |
HANNAH HOUSE PURPOSE: RELIGIOUS | $4,000 |
PLEN FLERI PURPOSE: POVERTY DISASTER RELIEF | $2,000 |