Petty Family Foundation Inc

Organization Overview

Petty Family Foundation Inc is located in Randleman, NC. The organization was established in 2010. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Petty Family Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petty Family Foundation 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 12/2021, Petty Family Foundation Inc generated $203.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $169.2k during the year ending 12/2021. While expenses have increased by 0.4% 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.

Since 2015, Petty Family Foundation Inc has awarded 19 individual grants totaling $218,043. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PETTY FAMILY FOUNDATION HAS A STRONG BELIEF IN FAMILY VALUES, INTEGRITY, EDUCATION AND COMPASSION FOR OTHERS. IT IS THESE IDEALS UPON WHICH WE BUILD OUR FOUNDATION, GIVING BACK TO OUR COMMUNITY AND THOSE IN NEED. WE ASPIRE TO ENRICH THE LIVES OF FAMILIES AFFECTED BY SERIOUS ILLNESS AND INJURY THROUGH A VARIETY OF CHARITABLE EVENTS AND EDUCATIONAL PROGRAMS. WITH THE HELP OF OTHERS, THE PETTY FAMILY FOUNDATION WILL BUILD STRONGER COMMUNITIES AS WELL AS BRING JOY TO THE LIVES OF THOSE IN NEED.THE FOUNDATION'S CHARITABLE FOCUS IS TO RAISE FUNDS PRIMARILY FOR THE VICTORY JUNCTION GANG CAMP AND PARALYZED VETERANS OF AMERICA AND OTHER PUBLIC CHARITIES. THE FOUNDATION'S FUNDRAISING ENDEAVORS INCLUDE THE RICHARD PETTY CHARITY GOLF CLASSIC. THROUGH OUR EFFORTS, THE FOUNDATION INTENDS TO RAISE FUNDS TO BE DISTRIBUTED TO VICTORY JUNCTION TO MAINTAIN AND IMPROVE HOUSING FACILITIES AND PROVIDE NEW PROGRAMMING FOR THE TERMINALLY ILL JUNIOR CAMPERS AT VICTORY JUNCTION. PROCEEDS WILL ALSO BE DISTRI

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION'S CHARITABLE FOCUS IS TO RAISE FUNDS PRIMARILY FOR THE VICTORY JUNCTION GANG CAMP AND PARALYZED VETERANS OF AMERICA AND OTHER PUBLIC CHARITIES. THE FOUNDATION'S FUNDRAISING ENDEAVORS INCLUDE THE RICHARD PETTY CHARITY GOLF CLASSIC AND CHARITY AUCTIONS. THROUGH OUR EFFORTS, THE FOUNDATION INTENDS TO RAISE FUNDS TO BE DISTRIBUTED TO VICTORY JUNCTION TO MAINTAIN AND IMPROVE HOUSING FACILITIES AND PROVIDE NEW PROGRAMMING FOR THE TERMINALLY ILL JUNIOR CAMPERS AT VICTORY JUNCTION. PROCEEDS WILL ALSO BE DISTRIBUTED TO PARALYZED VETERANS OF AMERICA TO BE USED TO IMPROVE THE QUALITY OF LIFE OF PARALYZED VETERANS AND OTHER PERSONS WITH DISABILITIES BY EXPANDING OPPORTUNITIES IN SPORTS AND RECREATION, ESPECIALLY ACTIVITIES WHICH ENHANCE LIFETIME HEALTH AND FITNESS.


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Board, Officers & Key Employees

Name (title)Compensation
Rebecca Moffitt
Executive Dir.
$40,000
Richard Petty
Director
$0
Terry Stanaland
Director
$0
Todd Walker
Director
$0
Shannon Newman
Director
$0
Cassandra Burt
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$69,215
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$69,215
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $108,082
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $203,057

Grants Awarded

Over the last fiscal year, Petty Family Foundation Inc has awarded $18,000 in support to 3 organizations.

Grant RecipientAmount

Columbus, OH

|

$6,500

Asheboro, NC

|

$6,000

Goochland, VA

|

$5,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Petty Family Foundation Inc has recieved totaling $17,508.

Awarding OrganizationAmount
Jeep Beach Inc

Ormond Beach, FL

PURPOSE: GENERAL SUPPORT

$15,000
Green Foundation Inc

Greensboro, NC

PURPOSE: CHARITABLE CONTRIBUTION

$2,443
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$65
View Grant Recipient Profile

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