Akridge-Peterson Foundation
- Assets
- $420.7k
- Revenue
- $18.1k
- Investments
- $409.9k
- Employees
- 0
- Location
- Kingston, WA
- Founding
- 01/2013
- Data as of
- 12/2022
- EIN
- 45-4073930
Organization Overview
Akridge-Peterson Foundation is located in Kingston, WA. The organization was established in 2013. 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. Akridge-Peterson 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 12/2022, Akridge-Peterson Foundation generated $18.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $23.2k during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 8 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.
Since 2016, Akridge-Peterson Foundation has awarded 18 individual grants totaling $109,686. 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
TO PROVIDE SUPPORT TO EXEMPT ORGANIZATIONS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Akridge President Treasurer | 1 | $0 | |
Greg Peterson Secretary Vice-President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,970 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,648 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,457 |
| Capital Gain Net Income | $3,457 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,075 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55 |
| Total operating and administrative expenses | $7,232 |
| Contributions, gifts, grants paid | $16,000 |
| Total expenses and disbursements | $23,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,828 |
| Savings and temporary cash investments | $0 |
| 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 | $270,017 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $420,681 |
| 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, Akridge-Peterson Foundation has awarded $16,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Bremerton, WA PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $10,000 |
SHARENET PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $5,000 |
Port Townsend, WA PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
The Russell Family Foundation Gig Harbor, WA | $102,077,149 | $6,093,203 |
Mckenzie River Gathering Foundation Portland, OR | $17,520,565 | $8,839,824 |
Gary E Milgard Family Foundation - Mark Tacoma, WA | $117,467,534 | $7,345,386 |
The Sarkowsky Family Charitable Foundation Seattle, WA | $565,957 | $3,012,734 |
David And Amy Fulton Foundation Seattle, WA | $63,197,245 | $1,065,965 |
Ronald W Naito Md Foundation Portland, OR | $42,239,889 | $5,436,826 |
Helen E Snedden Foundation Fairbanks, AK | $8,832,360 | $5,012,483 |
The Renaissance Foundation Lake Oswego, OR | $17,519,986 | $2,588,304 |
Sahsen Foundation Seattle, WA | $120,057,207 | $11,828,075 |
Vatheuer Family Foundation Inc Hobart, WA | $0 | $3,733,677 |
Crystal Spring Foundation Seattle, WA | $0 | $2,197,015 |