Scott Petty Foundation
- Assets
- $6.4m
- Revenue
- $913.3k
- Investments
- $6.3m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 05/1981
- Data as of
- 11/2021
- EIN
- 74-2146978
Organization Overview
Scott Petty Foundation is located in San Antonio, TX. The organization was established in 1981. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Scott Petty 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 11/2021, Scott Petty Foundation generated $913.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $680.5k during the year ending 11/2021. While expenses have increased by 17.1% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Petty Jr Director | 0 | $0 | |
Eleanor Petty Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27 |
| Dividends & Interest | $108,588 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $804,994 |
| Capital Gain Net Income | $804,994 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$313 |
| Total Revenue | $913,296 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,222 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,413 |
| Total operating and administrative expenses | $58,077 |
| Contributions, gifts, grants paid | $622,413 |
| Total expenses and disbursements | $680,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,399 |
| Savings and temporary cash investments | $183,349 |
| 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 | $6,241 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,861,361 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,448,600 |
| 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 | $8,063 |
| Total liabilities | $8,063 |
Grants Awarded
Over the last fiscal year, Scott Petty Foundation has awarded $213,450 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SEE PART XV SCHEDULE PURPOSE: GENERAL SUPPORT FUNCTION | $129,789 |
San Antonio, TX PURPOSE: GENERAL ASSISTANCE TO CHARITY. DESCRIPTION: 33 SHARES OF AMAZON STOCK. METHOD OF VALUATION: HIGH/LOW AVERAGE FAIR MARKET VALUE. | $39,916 |
Fort Worth, TX PURPOSE: GENERAL ASSISTANCE TO CHARITY. DESCRIPTION: 21 SHARES OF AMAZON STOCK. METHOD OF VALUATION: HIGH/LOW AVERAGE FAIR MARKET VALUE. | $24,670 |
UNITED WAY OF SAN ANTONIO & BEXAR COUNTY PURPOSE: GENERAL ASSISTANCE TO CHARITY. DESCRIPTION: 8 SHARES OF AMAZON STOCK. METHOD OF VALUATION: HIGH/LOW AVERAGE FAIR MARKET VALUE. | $9,677 |
ST PHILIP'S COLLEGE PURPOSE: GENERAL ASSISTANCE TO CHARITY. DESCRIPTION: 8 SHARES OF AMAZON STOCK. METHOD OF VALUATION: HIGH/LOW AVERAGE FAIR MARKET VALUE. | $9,398 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |