Rose Petroff Foundation
- Assets
- $23.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fair Oaks Ranch, TX
- Founding
- 11/1996
- Data as of
- 06/2024
- EIN
- 74-2790542
Organization Overview
Rose Petroff Foundation, operating under the name Peter Petroff, is located in Fair Oaks Ranch, TX. The organization was established in 1996. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peter Petroff 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 06/2024, Peter Petroff generated $11.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $11.6k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
ENCOURGEMENT OF YOUNG STUDENTS IN PIANO PERFORMANCE BY OFFERING COMPETITIVE AWARDS AND GRANTS. AS FUNDS PERMIT, FINANCIAL AID IN THE FORM OF SCHOLARSHIPS WILL BE AWARDED TO GRADUATE MUSIC STUDENTS AT LOCAL UNIVERSITIES. THERE WERE 21 DIRECT BENEFICIARIES IN ADDITION TO AN AWARD FOR TEXAS STATE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter A Petroff President | 0 | $0 | |
Peter A Petroff Board Member | 0 | $0 | |
Meihla Glasser Board Member | 0 | $0 | |
Peter A Petroff III Board Member | 0 | $0 | |
Elizabeth Rodriquez Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,895 |
| Total Program Service Revenue | $496 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $11,391 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,472 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,125 |
| Total expenses | $11,597 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,549 |
| Other assets | $0 |
| Total assets | $23,106 |
| Total liabilities | $0 |
| Net assets or fund balances | $23,106 |