Scott Petty Foundation
- Assets
- $5.8m
- Revenue
- $355.1k
- Investments
- $5.7m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 05/1981
- Data as of
- 11/2023
- EIN
- 74-2146978
Organization Overview
Scott Petty Foundation is located in San Antonio, TX. The organization was established in 1981. 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. Scott Petty 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 11/2023, Scott Petty Foundation generated $355.1k 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 (10.2%) each year. All expenses for the organization totaled $938.5k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 0 | $0 | |
Name Not Listed Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $703 |
| Dividends & Interest | $148,249 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $205,290 |
| Capital Gain Net Income | $205,290 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $831 |
| Total Revenue | $355,073 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,934 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,955 |
| Total operating and administrative expenses | $61,097 |
| Contributions, gifts, grants paid | $877,440 |
| Total expenses and disbursements | $938,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,877 |
| Savings and temporary cash investments | $137,124 |
| 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 | $2,879,531 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,811,048 |
| 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 | $18,484 |
| Total liabilities | $18,484 |
Grants Awarded
Over the last fiscal year, Scott Petty Foundation has awarded $213,450 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TX & SOUTHWESTERN TX CATTLE RAISERS FOUNDATION PURPOSE: GENERAL ASSISTANCE TO CHARITY. DESCRIPTION: 21 SHARES OF AMAZON STOCK. METHOD OF VALUATION: HIGH/LOW AVERAGE FAIR MARKET VALUE. | $24,670 |
UNITED WAY OF SAN ANTONIO & BEXAR COUNTY PURPOSE: GENERAL ASSISTANCE TO CHARITY. DESCRIPTION: 8 SHARES OF AMAZON STOCK. METHOD OF VALUATION: HIGH/LOW AVERAGE FAIR MARKET VALUE. | $9,677 |
ST PHILIP'S COLLEGE PURPOSE: GENERAL ASSISTANCE TO CHARITY. DESCRIPTION: 8 SHARES OF AMAZON STOCK. METHOD OF VALUATION: HIGH/LOW AVERAGE FAIR MARKET VALUE. | $9,398 |
SEE PART XV SCHEDULE PURPOSE: GENERAL SUPPORT FUNCTION | $129,789 |
SAN ANTONIO BOTANICAL GARDEN PURPOSE: GENERAL ASSISTANCE TO CHARITY. DESCRIPTION: 33 SHARES OF AMAZON STOCK. METHOD OF VALUATION: HIGH/LOW AVERAGE FAIR MARKET VALUE. | $39,916 |