Pettinger Foundation
- Assets
- $80.9k
- Revenue
- $51.0k
- Investments
- $4.3k
- Employees
- 0
- Location
- Allen, TX
- Founding
- 02/1999
- Data as of
- 08/2023
- EIN
- 75-2768241
Organization Overview
Pettinger Foundation is located in Allen, TX. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Pettinger 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 08/2023, Pettinger Foundation generated $51.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $29.8k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pettinger Foundation has awarded 32 individual grants totaling $260,765. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT TO PUBLIC ORGANIZATIONS WITH FUNDS, EQUIPMENT AND SUPPLIES TO BENEFIT STUDENTS STUDY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley Pettinger President | 5 | $0 | |
Hedwig Pettinger VP | 5 | $0 | |
Brandon Pitts Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,755 |
| Interest on Savings | $0 |
| Dividends & Interest | $245 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21 |
| Capital Gain Net Income | $21 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,021 |
| 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 | $1,047 |
| Printing and publications | $0 |
| Other expenses | $26,264 |
| Total operating and administrative expenses | $27,311 |
| Contributions, gifts, grants paid | $2,500 |
| Total expenses and disbursements | $29,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,545 |
| 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 | $80,853 |
| 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, Pettinger Foundation has awarded $115,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ARLINGTON CHMABER OF COMMERCE PURPOSE: SCHOLARSHIP | $10,000 |
UNIVERSITY OF TEXAS ARLINGTON PURPOSE: FELLOWSHIP ENDOWMENT | $100,000 |
UNIVERSITY OF TEXAS ARLINGTON PURPOSE: 2022 SAE SPONSORSHIP | $1,000 |
UNIVERSITY OF NORTH TEXAS PURPOSE: FORMULA SAE AUTOMOTIVE | $2,500 |
UNIVERSITY OF NORTH TEXAS PURPOSE: CAPSTONE EXPERIENCE | $2,000 |