Lee & Bob Peterson Foundation
- Assets
- $81.5k
- Revenue
- $169.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 83-3723361
Organization Overview
Lee & Bob Peterson Foundation is located in Sarasota, FL. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Lee & Bob Peterson 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, Lee & Bob Peterson Foundation generated $169.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 59.2% each year . All expenses for the organization totaled $320.0k during the year ending 12/2022. 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
INSPIRING HOPE DINNER AND JOURNEY TO WELLNESS SYMPOSIUM ITS MISSION TO BRING AWARENESS OF MENTAL HEALTH AND ADDICTION DISORDERS AND ERASE THE STIGMA OF BOTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey R Peterson President | 20 | $0 | |
Marlene M Hauck Executive Director | 20 | $96,835 | |
Erik Arroyo Treasurer | 5 | $0 | |
Thomas Edwards Director | 1 | $0 | |
Michelle Greene Director | 1 | $0 | |
Michael Shelton Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $169,141 |
| Interest on Savings | $39 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $169,180 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $96,835 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,919 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $126,099 |
| Printing and publications | $342 |
| Other expenses | $37,025 |
| Total operating and administrative expenses | $277,739 |
| Contributions, gifts, grants paid | $42,253 |
| Total expenses and disbursements | $319,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $81,492 |
| 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 | $81,492 |
| Accounts payable and accrued expenses | $531 |
| 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 | $531 |
Grants Awarded
Over the last fiscal year, Lee & Bob Peterson Foundation has awarded $42,253 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST STEP PURPOSE: GENERAL | $35,000 |
WESTCOAST BLACK THEATRE TROUPE PURPOSE: GENERAL | $2,625 |
PLANNED PARENTHOOD PURPOSE: GENERAL | $250 |
ART CENTER SARARSOTA PURPOSE: GENERAL | $4,378 |