Petersen Foundation
- Assets
- $3.0k
- Revenue
- $2.5k
- Investments
- $3.0k
- Employees
- 0
- Location
- Bountiful, UT
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-3164831
Organization Overview
Petersen Foundation is located in Bountiful, UT. The organization was established in 2014. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petersen 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, Petersen Foundation generated $2.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $2.5k during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 7 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 |
|---|---|---|---|
Lyle Petersen Trustee | 1 | $0 | |
Tara Jessop Trustee | 1 | $0 | |
Christine Petersen Trustee | 1 | $0 | |
Cade Petersen Trustee | 1 | $0 | |
Mikelle Kennedy Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,459 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,460 |
| 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 | $36 |
| Total operating and administrative expenses | $486 |
| Contributions, gifts, grants paid | $1,973 |
| Total expenses and disbursements | $2,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,975 |
| 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, Petersen Foundation has awarded $1,973 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BOUNTIFUL FOOD PANTRY PURPOSE: SUPPORT LOCAL FOOD PANTRY | $1,000 |
KEVIN JESSOP PURPOSE: TO NEEDY FAMILY WITH MEDICAL EXPENSE | $500 |
LYLE PETERSEN PURPOSE: MISSIONARY SUPPORT | $353 |
LYLE PETERSEN PURPOSE: PURCHASE WHEELCHAIR FOR NEEDY INDIVIDUAL | $120 |
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