The@bob And Margie Petersen Foundation
- Assets
- $667.7k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 01/1997
- Data as of
- 12/2021
- EIN
- 95-4608757
Organization Overview
The@bob And Margie Petersen Foundation is located in Pasadena, CA. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. The@bob And Margie Petersen 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, The@bob And Margie Petersen Foundation generated $2.2m 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 (9.8%) each year. All expenses for the organization totaled $35.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, The@bob And Margie Petersen Foundation has awarded 82 individual grants totaling $217,444,938. 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 |
|---|---|---|---|
Kevin Strauch Director | 2 | $84,000 | |
Galeta Carleton President | 2 | $84,000 | |
Theodore Calleton ESQ Treasurer | 2 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,130,306 |
| Interest on Savings | $88,614 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,946 |
| Capital Gain Net Income | $11,946 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,230,866 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $180,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,899 |
| Total operating and administrative expenses | $257,500 |
| Contributions, gifts, grants paid | $34,960,000 |
| Total expenses and disbursements | $35,217,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $652,693 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14,966 |
| Total assets | $667,659 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The@bob And Margie Petersen Foundation has awarded $34,960,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Pasadena, CA PURPOSE: CHARITABLE PURPOSES | $10,500,000 |
Boston, MA PURPOSE: MEDICAL RESEARCH | $5,000,000 |
THE PAINTED TURTLE PURPOSE: SUPPORT CAMP FOR CHILDREN WITH CHRONIC AND LIFE-THREATENING ILLNESSES | $3,000,000 |
Los Angeles, CA PURPOSE: ASSISTANCE IN PUBLICMUSIC EDUCATION | $2,500,000 |
DAVID MARGARET YOUTH FAMILY SERVICE PURPOSE: GENERAL SUPPORT | $2,000,000 |
Darien, IL PURPOSE: CHARITABLE PURPOSES | $2,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Loma Linda - Inland Empire Consortium For Healthcare Educatio Loma Linda, CA | $13,392,456 | $70,891,145 |
The Larry Ellison Foundation Walnut Creek, CA | $37,551,478 | $41,100,114 |
The@bob And Margie Petersen Foundation Pasadena, CA | $667,659 | $2,230,866 |
H N And Frances C Berger Foundation Palm Desert, CA | $0 | $33,542,888 |
Nike Foundation Beaverton, OR | $18,150,265 | $37,684,992 |
Playworks Education Energized Oakland, CA | $24,126,538 | $37,991,341 |
Neighborhood Partnerships Inc Portland, OR | $30,268,238 | $16,325,065 |
Coalition Of Homeless Services Providers Seaside, CA | $4,824,470 | $13,798,349 |
Applied Materials Foundation Santa Clara, CA | $3,893,946 | $2,033,120 |
Cal Poly Pomona Philanthropic Foundation Pomona, CA | $212,751,456 | $20,250,176 |
Intuitive Foundation Sunnyvale, CA | $66,087,520 | $30,041,225 |
Cal State Fullerton Philanthropic Foundation Fullerton, CA | $185,411,080 | $61,222,330 |