Lovett And Ruth Peters Foundationinc
- Assets
- $5.9m
- Revenue
- $298.5k
- Investments
- $5.5m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 10/2007
- Data as of
- 12/2022
- EIN
- 20-8934367
Organization Overview
Lovett And Ruth Peters Foundationinc is located in Cincinnati, OH. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Lovett And Ruth Peters Foundationinc 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, Lovett And Ruth Peters Foundationinc generated $298.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lovett And Ruth Peters Foundationinc has awarded 105 individual grants totaling $3,772,500. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel S Peters President | 40 | $195,000 | |
Kathleen Peters Trustee | 10 | $0 | |
Jeff Sandefer Trustee | 2 | $0 | |
Stephanie Saroki Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $608 |
| Dividends & Interest | $135,919 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $146,975 |
| Capital Gain Net Income | $402,162 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,951 |
| Total Revenue | $298,453 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $29,786 |
| Interest | $6,237 |
| Taxes | $2,366 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $42,294 |
| Printing and publications | $0 |
| Other expenses | $106,740 |
| Total operating and administrative expenses | $397,284 |
| Contributions, gifts, grants paid | $900,000 |
| Total expenses and disbursements | $1,297,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $157,664 |
| Net Accounts receivable | $196,921 |
| 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 | $5,507,723 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,862,308 |
| 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 | $533,623 |
| Total liabilities | $533,623 |
Grants Awarded
Over the last fiscal year, Lovett And Ruth Peters Foundationinc has awarded $792,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ACCELERATE GREAT SCHOOLS PURPOSE: GENERAL SUPPORT | $100,000 |
AFC GROWTH FUND PURPOSE: GENERAL SUPPORT | $10,000 |
AMERICAN ENTERPRISE INSTITUTE PURPOSE: GENERAL SUPPORT | $32,500 |
ATLAS FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
BUCKEYE INSTITUTE PURPOSE: GENERAL SUPPORT | $25,000 |
CATHOLIC INNER CITY SCHOOLS (CISE) PURPOSE: GENERAL SUPPORT | $5,000 |