David B Peterson Foundation
- Assets
- $7.1m
- Revenue
- $146.2k
- Investments
- $6.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2008
- Data as of
- 11/2023
- EIN
- 26-1606939
Organization Overview
David B Peterson Foundation is located in New York, NY. The organization was established in 2008. 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. David B Peterson 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 11/2023, David B Peterson Foundation generated $146.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.9%) each year. All expenses for the organization totaled $654.6k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, David B Peterson Foundation has awarded 48 individual grants totaling $2,535,327. 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
ONERA FOUNDATION LLC WAS ESTABLISHED DURING 2018 TO INCREASE PUBLIC AWARENESS OF HISTORIC PRESERVATION AND AMERICA'S SIGNIFICANT ARCHITECTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David B Peterson Director, Chairman, President | 4 | $0 | |
Michael A Peterson Director & Secretary | 0.1 | $0 | |
Michael Shankman Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $45,764 |
| Dividends & Interest | $125,410 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$24,953 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $146,221 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,500 |
| Depreciation | $0 |
| Occupancy | $4,576 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,170 |
| Total operating and administrative expenses | $46,126 |
| Contributions, gifts, grants paid | $608,500 |
| Total expenses and disbursements | $654,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $907,090 |
| 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 | $16,824 |
| Total assets | $7,093,635 |
| 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, David B Peterson Foundation has awarded $608,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK PURPOSE: TO SUPPORT THE ONERA PRIZE FOR HISTORIC PRESERVATION. | $26,000 |
ENDEAVOR THERAPEUTIC HORSEMANSHIP INC PURPOSE: TO SUPPORT THE BARN RAISING PARTY. | $10,000 |
HARLEM ACADEMY PURPOSE: TO SUPPORT THE CHARITY'S CAPITAL CAMPAIGN. | $200,000 |
HARLEM ACADEMY PURPOSE: TO SUPPORT THE CHARITY'S GENERAL OPERATIONS. | $200,000 |
HARLEM ACADEMY PURPOSE: TO SUPPORT FUTURE LEADERS: THE CAPITAL CAMPAIGN FOR HARLEM ACADEMY. | $62,500 |
HEALING THE CHILDREN NORTHEAST INCORPORATED PURPOSE: TO SUPPORT THE CHARITY'S CORE ACTIVITIES. | $40,000 |