Lauretta K Peters And Richard R Peters Charitable Foundation
- Assets
- $1.8m
- Revenue
- $211.0k
- Investments
- $1.7m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 07/2010
- Data as of
- 12/2022
- EIN
- 27-1106297
Organization Overview
Lauretta K Peters And Richard R Peters Charitable Foundation is located in Cleveland, OH. The organization was established in 2010. 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. Lauretta K Peters And Richard R Peters Charitable 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, Lauretta K Peters And Richard R Peters Charitable Foundation generated $211.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $306.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lauretta K Peters And Richard R Peters Charitable Foundation has awarded 91 individual grants totaling $789,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald F Wayne Director | 5 | $0 | |
Lawrence A Visocky Director | 0.1 | $0 | |
Traci Lancy Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $64,148 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $146,371 |
| Capital Gain Net Income | $147,650 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $469 |
| Total Revenue | $210,988 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,170 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $279 |
| Printing and publications | $0 |
| Other expenses | $5,086 |
| Total operating and administrative expenses | $64,359 |
| Contributions, gifts, grants paid | $242,000 |
| Total expenses and disbursements | $306,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,796 |
| Savings and temporary cash investments | $140,465 |
| 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 | $234 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $32,375 |
| Net Land, buildings, and equipment | $2,800 |
| Other assets | $0 |
| Total assets | $1,832,663 |
| 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, Lauretta K Peters And Richard R Peters Charitable Foundation has awarded $242,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
CASE WESTERN RESERVE UNIVERSITY PURPOSE: SCHOOL OF MEDICINE-PARKINSON'S DISEASE RESEARCH | $15,000 |
PARKINSON EDUCATION PROGRAM OF PURPOSE: GENERALPURPOSES | $2,500 |
HOLY NAME PARISH PURPOSE: NEIGHBORHOODOUTREACH MINISTRY | $10,000 |
CROHN'S & COLITIS FOUNDATION OF AMER NE CHAPTER PURPOSE: GENERAL PURPOSES | $15,000 |
THE ARC OF GREATER CLEVELAND PURPOSE: SUPPORT FORDISABLED CHILDRENAND THEIR FAMILIES | $5,000 |
ST AUGUSTINE HEALTH CENTER PURPOSE: GENERALFUND | $10,000 |