Peterson Family Foundation
- Assets
- $6.4m
- Revenue
- $3.1m
- Investments
- $419.5k
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 54-1870812
Organization Overview
Peterson Family Foundation is located in Fairfax, VA. The organization was established in 1998. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peterson Family 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, Peterson Family Foundation generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (22.1%) each year. All expenses for the organization totaled $4.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Peterson Family Foundation has awarded 303 individual grants totaling $16,702,461. 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
THE PETERSON FAMILY FOUNDATION IS DEDICATED TO HELP INDIVIDUALS OF LIMITED FINANCIAL RESOURCES. THE FOUNDATION HAS BEEN AFFILIATED WITH A CHURCH IN LA ROMANA, DOMINICAN REPUBLIC (IGLESIA AFRICANA METODISTA EPISCOPAL A.M.C. INC.) . THE FOUNDATION BUILT AND IS OPERATING A CHURCH RELATED DAYCARE/EDUCATION CENTER. THE PURPOSE OF THE CENTER IS TO FEED CHILDREN OF LA ROMANA BEFORE AND AFTER SCHOOL, PROVIDE A SAFE PLAYGOUND ARE FOR THEM TO USE AFTER SCHOOL AND TO PROVIDE ADDITIONAL EDUCATIONAL ASSISTANCE TO SUCH CHILDREN. THE PROGRAM CURRENTLY FEEDS AND EDUCATES 250 CHILDREN. THE FOUNDATION HAS ALSO COMPLETED THE CONSTRUCTION OF A GIRLS ORPHANAGE ON THE PROPERTY AND IS RUNNING THE ORPHANAGE IN COMBINATION WITH THE CHURCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren E Peterson President | 0 | $0 | |
Jon M Peterson Vice President | 0 | $0 | |
Carolyn S Peterson Secretary | 0 | $0 | |
Steven B Peterson Director | 0 | $0 | |
William E Peterson Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $338,912 |
| Dividends & Interest | $12,216 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,766,097 |
| Capital Gain Net Income | $2,766,097 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,415 |
| Total Revenue | $3,144,640 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,124 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $357 |
| Total operating and administrative expenses | $28,481 |
| Contributions, gifts, grants paid | $4,352,540 |
| Total expenses and disbursements | $4,381,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $622,789 |
| 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 | $5,355,200 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $900 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,398,355 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $4,943,855 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,943,855 |
Grants Awarded
Over the last fiscal year, Peterson Family Foundation has awarded $4,352,540 in support to 111 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDRIA SEAPORT FOUNDATION PURPOSE: GENERAL SUPPORT | $12,000 |
ALICE'S KIDS PURPOSE: GENERAL SUPPORT | $1,000 |
ALLEY CAT ALLIES PURPOSE: GENERAL SUPPORT | $1,000 |
AMPERSAND PANTRY PROJECT PURPOSE: GENERAL SUPPORT | $2,500 |
ANGELS WITHOUT WINGS PURPOSE: GENERAL SUPPORT | $4,000 |
ANIMAL WELFARE LEAGUE OF ALEXANDRIA VA PURPOSE: GENERAL SUPPORT | $4,000 |