Kurt Peter Foundation
- Assets
- $1.3m
- Revenue
- $111.5k
- Investments
- $1.6k
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 03/2010
- Data as of
- 12/2022
- EIN
- 27-1310545
Organization Overview
Kurt Peter Foundation is located in Menlo Park, CA. The organization was established in 2010. According to its NTEE Classification (G96) the organization is classified as: Neurology & Neuroscience, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kurt Peter 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, Kurt Peter Foundation generated $111.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $231.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RAISE FUNDS AND MAKE GRANTS FOR RESEARCH INTO A TREATMENT OR CURE FOR LIMB GIRDLE MUSCULAR DYSTROPHY TYPE 2C (GAMMA SARCOGLYCANOPATHY).
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TOTALING $214,918 TO THE UNIVERSITY OF CHICAGO MEDICAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Frewing President | OfficerTrustee | 10 | $0 |
Charlotte Drew Treasurer | OfficerTrustee | 4 | $0 |
Kent Frewing Secretary | OfficerTrustee | 1 | $0 |
Marc Bodnick Director | Trustee | 0 | $0 |
Robin Drucker Director | Trustee | 0 | $0 |
Marcia Worthing Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,329 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,329 |
| Total Program Service Revenue | $0 |
| Investment income | $127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,456 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $214,918 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $3,250 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $231,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,249,644 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,600 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,050 |
| Total assets | $1,253,294 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,253,294 |
| Total liabilities and net assets/fund balances | $1,253,294 |
Grants Awarded
Over the last fiscal year, Kurt Peter Foundation has awarded $198,397 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF CHICAGO MEDICAL CENTER PURPOSE: $117,197 TO UNIVERSITY OF CHICAGO FOR PATENT COSTS FOR OLIGONUCLEOTIDE/MORPHOLINO PROGRAM FOR PATENT COSTS RELATED TO RESEARCH INTO EXON SKIPPING AND METHODS OF TREATING DYSTROPHIES. THESE PAYMENTS WERE MADE IN SUPPORT OF THE ORGANIZATION'S PRIMARY MISSION. | $117,197 |
MCGAW MEDICAL CENTER OF NORTHWESTERN UNIVERSITY PURPOSE: $81,200 TO NORTHWESTERN UNIVERSITY FOR RESEARCH INTO METHODS OF TREATING DYSTROPHIES. THESE PAYMENTS WERE MADE IN SUPPORT OF THE ORGANIZATION'S PRIMARY MISSION. | $81,200 |