Hal & Charlie Peterson Foundation
- Assets
- $53.8m
- Revenue
- $3.7m
- Investments
- $53.2m
- Employees
- 0
- Location
- Kerrville, TX
- Founding
- 04/1951
- Data as of
- 12/2022
- EIN
- 74-1109626
Organization Overview
Hal & Charlie Peterson Foundation is located in Kerrville, TX. The organization was established in 1951. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Hal & Charlie 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 12/2022, Hal & Charlie Peterson Foundation generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hal & Charlie Peterson Foundation has awarded 544 individual grants totaling $21,545,329. 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 |
|---|---|---|---|
T Kyle Priour President | 0.5 | $6,000 | |
Wh Cowden Jr Wh Cowden Jr Vice Pres. | 0.5 | $6,000 | |
John Mosty Treasurer | 0.5 | $6,000 | |
Scott Parker Director | 0.5 | $6,000 | |
James Stehling Director | 0.5 | $6,000 | |
Lynn Lemeilleur Director | 0.5 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $350 |
| Interest on Savings | $286,449 |
| Dividends & Interest | $964,257 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,417,252 |
| Capital Gain Net Income | $2,417,252 |
| Net ST Capital Gain | $0 |
| Income Modifications | $250,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,356 |
| Total Revenue | $3,669,664 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $173,888 |
| Other employee salaries and wages | $50,700 |
| Pension plans, employee benefits | $42,307 |
| Interest | $0 |
| Taxes | $51,781 |
| Depreciation | $24,053 |
| Occupancy | $17,909 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,868 |
| Total operating and administrative expenses | $535,562 |
| Contributions, gifts, grants paid | $2,239,397 |
| Total expenses and disbursements | $2,774,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,075 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $107,894 |
| 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 | $3,398 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $399,436 |
| Other assets | $4,615 |
| Total assets | $53,770,424 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,161,919 |
| 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 | $1,161,919 |
Grants Awarded
Over the last fiscal year, Hal & Charlie Peterson Foundation has awarded $2,239,397 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
ANY BABY CAN PURPOSE: DISTIRBUTION OF REESE JOHNSON FUND | $450 |
ARCADIA LIVE PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
ARTHUR NAGEL COMMUNITY CLINIC INC PURPOSE: FUND OPERATING SUPPORT | $60,000 |
BANDERA FOSTER CLOSET PURPOSE: OPERATING SUPPORT | $5,000 |
BANDERA 4-H SHOTGUN CLUB PURPOSE: TO FUND THE PURCHASE OF A NEW TRAP MACHINE | $9,800 |
BOYS & GIRLS CLUB OF THE TEXAS HILL COUNTRY PURPOSE: OPERATING SUPPORT FOR BOERNE, COMFORT, & FREDRICKSBURG CLUBS | $30,000 |