Petty Hefte Family Foundation
- Assets
- $6.1m
- Revenue
- $872.7k
- Investments
- $5.9m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-2174388
Organization Overview
Petty Hefte Family Foundation is located in San Antonio, TX. The organization was established in 2019. 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. Petty Hefte 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, Petty Hefte Family Foundation generated $872.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $358.7k during the year ending 12/2022. While expenses have increased by 15.7% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott James Petty President/treasurer | 0 | $0 | |
Kathryn Ruth Hefte Vice President/secretary | 0 | $0 | |
Carson Hefte Petty Assistant Treasurer | 0 | $0 | |
Harper Louise Petty Assistant Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $596,534 |
| Interest on Savings | $354 |
| Dividends & Interest | $192,685 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $83,107 |
| Capital Gain Net Income | $83,108 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $872,680 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,496 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $253 |
| Total operating and administrative expenses | $34,215 |
| Contributions, gifts, grants paid | $324,500 |
| Total expenses and disbursements | $358,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,470 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $8,443 |
| 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 | $39 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,056,175 |
| 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 | $4,742 |
| Total liabilities | $4,742 |