Petrus Holdings
- Assets
- $11.1m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfield, PA
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 83-3549312
Organization Overview
Petrus Holdings is located in Fairfield, PA. The organization was established in 2019. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petrus Holdings 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, Petrus Holdings generated $5.1m in total revenue. All expenses for the organization totaled $383.0k during the year ending 12/2022. While expenses have increased by 19.6% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE FUNDS TO PURCHASE, BUILD, AND PROVIDE HOUSING AND OTHER ITEMS NEEDED FOR A MONASTARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Newton President | 10 | $0 | |
Brett Riegelman Vice Preside | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,983,774 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $15,000 |
| Net Gain on Sale of Assets | $106,629 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,686 |
| Total Revenue | $5,114,089 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $25,454 |
| Taxes | $19,915 |
| Depreciation | $22,707 |
| Occupancy | $209,153 |
| Travel, conferences, and meetings | $854 |
| Printing and publications | $0 |
| Other expenses | $60,936 |
| Total operating and administrative expenses | $383,025 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $383,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,962 |
| 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 | $9,990,811 |
| Other assets | $944,375 |
| Total assets | $11,060,148 |
| 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 | $5,700,000 |
| Other liabilities | $0 |
| Total liabilities | $5,700,000 |