Michael F Petrie And Jody J Petrie Foundation
- Assets
- $2.8m
- Revenue
- $901.7k
- Investments
- $2.8m
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 12/2014
- Data as of
- 12/2022
- EIN
- 46-4616018
Organization Overview
Michael F Petrie And Jody J Petrie Foundation is located in Carmel, IN. The organization was established in 2014. 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. Michael F Petrie And Jody J Petrie 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, Michael F Petrie And Jody J Petrie Foundation generated $901.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $332.8k during the year ending 12/2022. While expenses have increased by 19.1% per year over the past 4 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 2020, Michael F Petrie And Jody J Petrie Foundation has awarded 59 individual grants totaling $932,250. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael F Petrie President And Treasurer | 3 | $0 | |
Jody J Petrie Vice President And Secretary | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $784,266 |
| Interest on Savings | $725 |
| Dividends & Interest | $28,206 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $88,477 |
| Capital Gain Net Income | $88,477 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $901,674 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $330 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2 |
| Total operating and administrative expenses | $2,832 |
| Contributions, gifts, grants paid | $330,000 |
| Total expenses and disbursements | $332,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,910 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,814,921 |
| 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, Michael F Petrie And Jody J Petrie Foundation has awarded $330,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BISHOP CHATARD HIGH SCHOOL PURPOSE: TO SUPPORT EDUCATION FOR HIGH SCHOOL STUDENTS | $5,000 |
CASS COUNTY YMCA PURPOSE: PROMOTE YOUTH DEVELOPMENT | $25,000 |
HIGHLAND GOLF AND COUNTRY CLUB FOUNDATION PURPOSE: THE HIGH SCHOOL GOLF PROGRAM, INDIANA FIRST TEE PROGRAM AND THE PGA HOPE PROGRAM. | $5,000 |
HOLY FAMILY SHELTER PURPOSE: PROVIDING SUPPORT FOR HOMELESS FAMILIES. | $2,000 |
IU FOUNDATION PURPOSE: SUPPORT EDUCATION AT INDIANA UNIVERSITY THROUGH THE KELLEY SCHOOL OF BUSINESS. | $70,000 |
JAXSON WILLIAMS AUGUSTUS FRANK FOUNDATION PURPOSE: TO SUPPORT ACADEMIC SCHOLARSHIPS AND ACADEMIC ASSISTANCE TO THOSE IN NEED. | $1,000 |