Harvey W Peters Research Foundation
- Assets
- $139.3m
- Revenue
- $7.3m
- Investments
- $15.7m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 05/2001
- Data as of
- 06/2023
- EIN
- 46-0459671
Organization Overview
Harvey W Peters Research Foundation is located in Sioux Falls, SD. The organization was established in 2001. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvey W Peters Research 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 06/2023, Harvey W Peters Research Foundation generated $7.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $8.1m during the year ending 06/2023. While expenses have increased by 16.8% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth R Cline Director | 1 | $0 | |
David G Hottmann Director | 1 | $0 | |
Frederick P Stratton Jr Director | 1 | $0 | |
John G Rocovich Chairman & Director | 1 | $0 | |
William F Fox Director | 1 | $0 | |
Michael Holland Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kpmg Llp | 6/29/23 | $347,929 |
Robert C Best Consulting Llc | 6/29/23 | $130,520 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $445,000 |
| Interest on Savings | $16,732 |
| Dividends & Interest | $150,857 |
| Net Rental Income | $632,156 |
| Net Gain on Sale of Assets | $31,046 |
| Capital Gain Net Income | $31,046 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $351,064 |
| Total Revenue | $7,276,493 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,607,360 |
| Taxes | $80,135 |
| Depreciation | $2,963,563 |
| Occupancy | $485,761 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $389,960 |
| Total operating and administrative expenses | $7,740,779 |
| Contributions, gifts, grants paid | $400,000 |
| Total expenses and disbursements | $8,140,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,951,131 |
| 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 | $6,704,577 |
| Net Land, buildings, and equipment | $96,751,464 |
| Other assets | $23,869,177 |
| Total assets | $139,302,746 |
| Accounts payable and accrued expenses | $639,660 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $47,498,278 |
| Other liabilities | $46,201,084 |
| Total liabilities | $94,339,022 |