Peterson Family Foundation
- Assets
- $250.0
- Revenue
- $49.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Excelsior, MN
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 14-1983671
Organization Overview
Peterson Family Foundation is located in Excelsior, MN. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Peterson 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, Peterson Family Foundation generated $49.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (50.0%) each year. All expenses for the organization totaled $69.6k 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
WESTWOOD CHURCH
KINSHIP UNITED
ADVOCATES INTERNATIONAL
CHARITY VISION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Peterson Ceo/president | 1 | $0 | |
Kristina Elise Whittaker Vice President | 0.5 | $0 | |
Jon Peterson Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,349 |
| Interest on Savings | $7,000 |
| 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 | $12,001 |
| Total Revenue | $49,350 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,477 |
| Total operating and administrative expenses | $33,477 |
| Contributions, gifts, grants paid | $36,100 |
| Total expenses and disbursements | $69,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $250 |
| 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 | $1,000 |
| Total liabilities | $1,000 |
Grants Awarded
Over the last fiscal year, Peterson Family Foundation has awarded $36,100 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
AMIGOS FOR CHRIST PURPOSE: GENERAL SUPPORT | $1,000 |
CHILDRENS HUNGER FUND PURPOSE: GENERAL SUPPORT | $1,000 |
CHRISTIAN WORLD OUTREACH PURPOSE: GENERAL SUPPORT | $1,000 |
CHRISTIAN WORLD RELIEF PURPOSE: GENERAL SUPPORT | $1,000 |
DIRECT RELIEF PURPOSE: GENERAL SUPPORT | $1,000 |
FEED MY STARVING CHILDREN PURPOSE: GENERAL SUPPORT | $1,000 |