G & D Peterson Foundation
- Assets
- $263.9k
- Revenue
- $8.0k
- Investments
- $261.0k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 08/1997
- Data as of
- 12/2023
- EIN
- 41-1866420
Organization Overview
G & D Peterson Foundation is located in Minneapolis, MN. The organization was established in 1997. 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. G & D 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 12/2023, G & D Peterson Foundation generated $8.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $15.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (17.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Peterson Trustee | 1 | $0 | |
Donna Peterson Trustee | 1 | $0 | |
Barry Newman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,824 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,154 |
| Capital Gain Net Income | $2,154 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,978 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,042 |
| Total operating and administrative expenses | $9,889 |
| Contributions, gifts, grants paid | $5,500 |
| Total expenses and disbursements | $15,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,885 |
| 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 | $0 |
| Total assets | $263,884 |
| 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, G & D Peterson Foundation has awarded $5,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HAMLINE UNIVERSITY PURPOSE: SCANNING ELECTRON MICROSCOPE FUND | $500 |
LIHUE LUTHERAN CHURCH PURPOSE: GENERAL OPERATING | $500 |
LYMPHOMA RESEARCH FOUNDATION PURPOSE: GENERAL OPERATING | $500 |
MAYO CLINIC PURPOSE: GENERAL OPERATING | $500 |
ORDWAY CENTER FOR THE PERFORMING ARTS PURPOSE: GENERAL OPERATING | $1,500 |
THE EDUCATION FOUNDATION OF THE FOREST LAKE AREA PURPOSE: FUND A GRANT | $500 |