The Petna Foundation Inc
- Assets
- $524.2k
- Revenue
- $18.3k
- Investments
- $521.9k
- Employees
- 0
- Location
- Danville, CA
- Founding
- 11/2013
- Data as of
- 12/2022
- EIN
- 45-4943392
Organization Overview
The Petna Foundation Inc is located in Danville, CA. The organization was established in 2013. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petna Foundation Inc 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, Petna Foundation Inc generated $18.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (41.8%) each year. All expenses for the organization totaled $181.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Petna Foundation Inc has awarded 30 individual grants totaling $1,188,944. 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
TO HELP IMPROVE THE LIVES OF POOR PEOPLE THROUGH EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Brathwaite Executive Director | 0.25 | $0 | |
Pastor Stanley Long Chairman | 0.25 | $0 | |
Doctor Rod Morrison Founding Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,049 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,275 |
| Capital Gain Net Income | $9,275 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,324 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $60 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,954 |
| Total operating and administrative expenses | $10,280 |
| Contributions, gifts, grants paid | $171,000 |
| Total expenses and disbursements | $181,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,357 |
| Savings and temporary cash investments | $0 |
| 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 | $521,880 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $524,237 |
| 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, The Petna Foundation Inc has awarded $171,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CARIBBEAN SCIENCE FOUNDATION PURPOSE: GROOMING THE NEXT GENERATION OF CARIBBEAN SCIENCE AND ENGINEERING LEADERS. | $7,000 |
CARONDELET HIGH SCHOOL PURPOSE: PREPARING BOLD, CONFIDENT LEADERS IN THE CLASSROOM, IN THE COMMUNITY, AND IN THE WORLD. | $100,000 |
MCMASTER UNIVERSITY PURPOSE: COMMITTED TO CREATING A BRIGHTER WORLD | $64,000 |