Norman E Peterson And Diana Lager Peterson Educational Fund Inc
- Assets
- $1.1m
- Revenue
- $52.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 02/1989
- Data as of
- 12/2023
- EIN
- 59-2749952
Organization Overview
Norman E Peterson And Diana Lager Peterson Educational Fund Inc is located in Sarasota, FL. The organization was established in 1989. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norman E Peterson And Diana Lager Peterson Educational Fund 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 12/2023, Norman E Peterson And Diana Lager Peterson Educational Fund Inc generated $52.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $91.3k during the year ending 12/2023. While expenses have increased by 10.7% per year over the past 5 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 2020, Norman E Peterson And Diana Lager Peterson Educational Fund Inc has awarded 94 individual grants totaling $259,700. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Lager President | 2 | $0 | |
David Schimek Director | 0 | $0 | |
Paul Schimek Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,543 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,206 |
| Capital Gain Net Income | $24,206 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,749 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $687 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $82 |
| Total operating and administrative expenses | $19,257 |
| Contributions, gifts, grants paid | $72,000 |
| Total expenses and disbursements | $91,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,586 |
| 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 | $205 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,105,598 |
| 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, Norman E Peterson And Diana Lager Peterson Educational Fund Inc has awarded $72,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN JEWISH COMMITTEE PURPOSE: SUPPORT | $3,000 |
CHILDREN FIRST PURPOSE: SUPPORT | $3,000 |
CIRCUS ARTS OF SARASOTA CONSERVANCY PURPOSE: SUPPORT | $2,000 |
COUNTRY DANCE AND SONG SOCIETY PURPOSE: SUPPORT | $1,000 |
EMBRACING OUR DIFFERENCES PURPOSE: SUPPORT | $4,000 |
CONSERVATION FOUNDATION OF THE GULF COAST PURPOSE: SUPPORT | $1,000 |