Lorraine F Petitfils Education Foundation
- Assets
- $303.2k
- Revenue
- $7.2k
- Investments
- $161.0k
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 05/1996
- Data as of
- 12/2023
- EIN
- 95-6999192
Organization Overview
Lorraine F Petitfils Education Foundation is located in Pasadena, CA. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lorraine F Petitfils Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Lorraine F Petitfils Education Foundation has awarded 48 individual grants totaling $332,100. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ESTABLISHED TO BE THE BENEFICIARY OF ENDOWMENT FUNDS FROM LORRAINE PETITFILS UPON HER DEATH. THE FOUNDATION WAS FUNDED ON DECEMBER 31, 1999. INCOME FROM
THE ENDOWMENT IS TO BE DISTRIBUTED ANNUALLY, IN SUPPORT OF EDUCATION, TO PONA COLLEGE AND OTHER VARIOUS SECONDARY SCHOOLS, COLLEGES, UNIVERSITIES AND CRIPPLE CHILDRENS
CHARITIES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $759 |
| Dividends & Interest | $8,672 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,196 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,235 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $161 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $214 |
| Total operating and administrative expenses | $7,263 |
| Contributions, gifts, grants paid | $46,000 |
| Total expenses and disbursements | $53,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $142,164 |
| 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 | $303,207 |
| 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, Lorraine F Petitfils Education Foundation has awarded $46,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
POMONA COLLEGE PURPOSE: SCHOLARSHIP | $15,000 |
ABILITY FIRST PURPOSE: SCHOLARSHIP | $5,500 |
CAL TECH PURPOSE: SCHOLARSHIP | $13,000 |
KECK SCHOOL OF MEDICINE PURPOSE: SCHOLARSHIP | $2,500 |
AMERICAN FILM INSTITUTE PURPOSE: SCHOLARSHIP | $10,000 |