Peterson Family Charitable Trust
- Assets
- $3.2m
- Revenue
- $335.7k
- Investments
- $3.0m
- Employees
- 0
- Location
- Hanover, MA
- Founding
- Data as of
- 10/2023
- EIN
- 87-3004366
Organization Overview
Peterson Family Charitable Trust is located in Hanover, MA. 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. Peterson Family Charitable Trust 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 10/2023, Peterson Family Charitable Trust generated $335.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (67.5%) each year. All expenses for the organization totaled $225.3k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Peterson Family Charitable Trust has awarded 12 individual grants totaling $228,830. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $68,325 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $266,772 |
| Capital Gain Net Income | $266,772 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $564 |
| Total Revenue | $335,661 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,494 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,121 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $600 |
| Total operating and administrative expenses | $64,215 |
| Contributions, gifts, grants paid | $161,082 |
| Total expenses and disbursements | $225,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $202,107 |
| 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 | $3,204,014 |
| 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, Peterson Family Charitable Trust has awarded $161,082 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MICHAEL D'ANGELO PURPOSE: SCHOLARSHIP AWARDS | $20,000 |
COLE WRIGHT PURPOSE: SCHOLARSHIP AWARDS | $20,000 |
RILEY HYNES PURPOSE: SCHOLARSHIP AWARDS | $14,415 |
CHARLOTTE LITTLEFIELD PURPOSE: SCHOLARSHIP AWARDS | $26,667 |
SARAH THOMAS PURPOSE: SCHOLARSHIP AWARDS | $20,000 |
BRENDAN WILHELMSEN PURPOSE: SCHOLARSHIP AWARDS | $20,000 |