The Peters Family Art Foundation
- Assets
- $0.0
- Revenue
- $76.7k
- Investments
- $325.0k
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 08/1982
- Data as of
- 11/2020
- EIN
- 85-0300616
Organization Overview
The Peters Family Art Foundation is located in Santa Fe, NM. The organization was established in 1982. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Peters Family Art 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 11/2020, Peters Family Art Foundation generated $76.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $38.5k during the year ending 11/2020. While expenses have increased by 22.4% 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 2015, Peters Family Art Foundation has awarded 53 individual grants totaling $117,650. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS DEDICATED TO SUPPORTING SEVERAL DIFFERENT CHARITABLE ENTITIES. THE ORGANIZATION DONATES TO SEVERAL ART-ORIENTED CHARITIES AND MUSEUMS AS WELL AS SOCIAL WELFARE AND EDUCATIONAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Peters President | 0 | $0 | |
Soren Peters Vice President | 0 | $0 | |
Erica Peters Secretary | 0 | $0 | |
Jeremy Ginnett Treasurer | 0 | $0 | |
Kathleen Peters Director | 0 | $0 | |
Donald Gonzales Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $240 |
| Interest on Savings | $3 |
| Dividends & Interest | $6,157 |
| Profit on Inventory Sales | $70,318 |
| Other Income | $0 |
| Total Revenue | $76,718 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $38,484 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $38,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,088 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $4,310,542 |
| Mortgages and other notes payable | $400,000 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Peters Family Art Foundation has awarded $78,650 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
BUFFALO BILL CENTER OF THE WEST PURPOSE: THE ARTS | $30,000 |
CENTER FOR INITIATIVE IN ARTS & CULTURE PURPOSE: THE ARTS | $2,500 |
COLBY COLLEGE MUSEUM OF ART PURPOSE: THE ARTS | $1,000 |
COUSE FOUNDATION PURPOSE: THE ARTS | $1,000 |
DISCOVERY EYE FOUNDATION PURPOSE: MEDICAL RESEARCH | $1,000 |
MUSEUM OF NEW MEXICO FOUNDATION PURPOSE: THE ARTS | $3,000 |