Josephine Ecklund Petrie And Charles A Petrie Memorial
- Assets
- $522.8k
- Revenue
- $47.8k
- Investments
- $520.7k
- Employees
- 0
- Location
- Montrose, CO
- Founding
- 05/2007
- Data as of
- 12/2022
- EIN
- 32-6050918
Organization Overview
Josephine Ecklund Petrie And Charles A Petrie Memorial is located in Montrose, CO. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Josephine Ecklund Petrie And Charles A Petrie Memorial 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, Josephine Ecklund Petrie And Charles A Petrie Memorial generated $47.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $68.6k during the year ending 12/2022. While expenses have increased by 12.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Josephine Ecklund Petrie And Charles A Petrie Memorial has awarded 30 individual grants totaling $528,000. 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
PROVIDED SCHOLARSHIPS TO QUALIFIED RECIPIENTS FOR COLLEGE FOR $12,000 TO $15,000 PER ACADEMIC YEAR, RENEWABLE FOR UP TO 4 YEARS.
MONITORED PROGRESS/ACHIEVEMENTS OF SCHOLARSHIP RECIPIENT IN COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor T Roushar Trustee | 1 | $3,202 | |
Brandon E Keltz Trustee | 0.5 | $1,500 | |
Charles J Vidmar Trustee | 0.5 | $1,500 | |
Daniel J Lowenberg Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,625 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,215 |
| Capital Gain Net Income | $29,215 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,840 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,202 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $839 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,566 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $68,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,436 |
| Savings and temporary cash investments | $459 |
| 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 | $175 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,851 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $522,798 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $90,000 |
| 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 | $90,000 |
Grants Awarded
Over the last fiscal year, Josephine Ecklund Petrie And Charles A Petrie Memorial has awarded $135,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
OLIVIA HAGA PURPOSE: COLLEGE TUITION & EXPENSE | $15,000 |
GAVIN HALL PURPOSE: COLLEGE TUITION & EXPENSE | $15,000 |
BEN PERFORS PURPOSE: COLLEGE TUITION & EXPENSE | $15,000 |
GAVIN HALL PURPOSE: COLLEGE SCHOLARSHIP | $30,000 |
OLIVIA HAGAN PURPOSE: COLLEGE SCHOLARSHIPCOLLEGE TUITION & EXPENSE | $15,000 |
BEN PERFORS PURPOSE: COLLEGE SCHOLARSHIP | $45,000 |