Hal & Charlie Peterson Foundation
- Assets
- $63.6m
- Revenue
- $3.9m
- Investments
- $63.0m
- Employees
- 0
- Location
- Kerrville, TX
- Founding
- 04/1951
- Data as of
- 12/2021
- 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 12/2021, Hal & Charlie Peterson Foundation generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $4.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hal & Charlie Peterson Foundation has awarded 464 individual grants totaling $19,937,815. 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 |
|---|---|---|---|
Brian Oehler Gen Mgr/secretary | 40 | $119,600 | |
T Kyle Priour President | 0.5 | $6,000 | |
James Stehling Director | 0.5 | $6,000 | |
Scott Parker Director | 0.5 | $6,000 | |
Lynn Lemeilleur Director | 0.5 | $6,000 | |
Wh Cowden Jr Wh Cowden Jr Vice Pres. | 0.5 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $328 |
| Interest on Savings | $234,785 |
| Dividends & Interest | $889,879 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,769,664 |
| Capital Gain Net Income | $2,769,664 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,288 |
| Total Revenue | $3,895,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $161,600 |
| Other employee salaries and wages | $48,750 |
| Pension plans, employee benefits | $39,906 |
| Interest | $0 |
| Taxes | $55,697 |
| Depreciation | $23,993 |
| Occupancy | $20,322 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,339 |
| Total operating and administrative expenses | $532,490 |
| Contributions, gifts, grants paid | $4,276,257 |
| Total expenses and disbursements | $4,808,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,276 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $67,240 |
| 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 | $3,767 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $405,431 |
| Other assets | $4,615 |
| Total assets | $63,600,144 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,388,333 |
| 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 | $1,388,333 |
Grants Awarded
Over the last fiscal year, Hal & Charlie Peterson Foundation has awarded $4,276,257 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
Kerrville, TX PURPOSE: 2 OF 3 ACCRUED INSTALLMENTS FOR $2M GRANT FOR "TODAY. TOMORROW. ALWAYS." CAMPAIGN | $1,333,333 |
Kerrville, TX PURPOSE: 1ST OF 3 INSTALLMENTS FOR $2M GRANT FOR "TODAY. TOMORROW. ALWAYS." CAMPAIGN | $666,667 |
Ingram, TX PURPOSE: OPERATING SUPPORT FOR ENRICHMENT PROGRAMS | $250,000 |
HEART OF THE HILLS HERITAGE FOUNDATION PURPOSE: ASSIST FUNDING FOR DISPLAY COSTS, INTERACTIVE AUDIO/VIDEO FEATURES & START UP COSTS | $250,000 |
SALVATION ARMY PURPOSE: ASSIST WITH THE REMODEL OF THE SOCIAL SERVICES BUILIDING | $250,000 |
Kerrville, TX PURPOSE: FUND SUPPORT FOR NURSING PROGRAM & HILL COUNTRY COLLEGE FUND | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hildebrand Foundation Houston, TX | $114,322,883 | $23,614,226 |
Carl A Davis And Lois E Davis Foundation Houston, TX | $0 | $544,470 |
Hirsch Family Foundation Dallas, TX | $52,981,348 | $34,969,949 |
Entergy Charitable Foundation New Orleans, LA | $10,718,766 | $2,697,786 |
Smith Family Foundation Austin, TX | $2,063,167 | $8,401,265 |
Nancy Smith Hurd Foundation Tr San Antonio, TX | $73,883,656 | $7,181,888 |
Santander Consumer Usa Inc Foundation Dallas, TX | $61,196,374 | $60,000,000 |
Hal & Charlie Peterson Foundation Kerrville, TX | $63,600,144 | $3,895,944 |
Boone Family Foundation Dallas, TX | $0 | $1,805,045 |
William A Brookshire Foundation Lakeway, TX | $44,188,133 | $14,237,408 |
Con Alma Health Foundation Santa Fe, NM | $33,283,264 | $4,439,981 |
One Gas Foundation Inc Tulsa, OK | $37,667,049 | $5,198,491 |