Pettit Foundation
- Assets
- $38.6m
- Revenue
- $1.2m
- Investments
- $38.5m
- Employees
- 0
- Location
- Henderson, NV
- Founding
- 02/2007
- Data as of
- 12/2022
- EIN
- 20-8043553
Organization Overview
Pettit Foundation is located in Henderson, NV. 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. Pettit 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, Pettit Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pettit Foundation has awarded 118 individual grants totaling $11,495,567. 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.
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 |
|---|---|---|---|
Nancy Furlotti President | 0 | $0 | |
Allison Furlotti Secretary | 0 | $0 | |
Patrick Furlotti Director | 0 | $0 | |
Michael Furlotti Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $147,296 |
| Dividends & Interest | $933,290 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $156,601 |
| Capital Gain Net Income | $156,601 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,237,187 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,195 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $68,155 |
| Total operating and administrative expenses | $88,350 |
| Contributions, gifts, grants paid | $1,473,341 |
| Total expenses and disbursements | $1,561,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,414 |
| 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 | $38,608,858 |
| Accounts payable and accrued expenses | $12,164 |
| Grants payable | $0 |
| Deferred revenue | $260,766 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $272,930 |
Grants Awarded
Over the last fiscal year, Pettit Foundation has awarded $1,473,341 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
THE SANTA FE INSTITUTE PURPOSE: SUPPORT. | $25,000 |
ASIAN UNIVERSITY FOR WOMEN FOUNDATI PURPOSE: SUPPORT. | $100,000 |
PLANNED PARENTHOOD PURPOSE: SUPPORT | $60,000 |
ACLU PURPOSE: SUPPORT. | $100,000 |
FOUNDATION FOR ANTHROPOLOGICAL STUD PURPOSE: SUPPORT. | $50,000 |
EVERYTOWN FOR GUN SAFETY PURPOSE: SUPPORT. | $100,000 |