Stratton-Petit Foundation
- Assets
- $90.3k
- Revenue
- $316.7k
- Investments
- $85.5k
- Employees
- 0
- Location
- Woodland Hills, CA
- Founding
- 03/1999
- Data as of
- 12/2022
- EIN
- 95-4709973
Organization Overview
Stratton-Petit Foundation is located in Woodland Hills, CA. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is the central organization for a national or regional group of organizations. Stratton-Petit 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 12/2022, Stratton-Petit Foundation generated $316.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $316.6k during the year ending 12/2022. While expenses have increased by 2.1% per year over the past 7 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 2016, Stratton-Petit Foundation has awarded 289 individual grants totaling $1,069,005. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION HAS AIDED IN FUNDING OF NUMEROUS MUSIC AND THEATRE ARTS PROGAMS AS WELL AS OTHER HUMANITARIAN CAUSES NO DIRECT CHARITABLE ACTIVITIES INVOLVED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Bellous CEO | 10 | $0 | |
Michael Froch CFO | 3 | $0 | |
Kristofer J Bunce Sec | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,914 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,746 |
| Total Revenue | $316,660 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $28,298 |
| Interest | $1,476 |
| Taxes | $662 |
| Depreciation | $0 |
| Occupancy | $540 |
| Travel, conferences, and meetings | $2,208 |
| Printing and publications | $149 |
| Other expenses | $42,269 |
| Total operating and administrative expenses | $111,602 |
| Contributions, gifts, grants paid | $205,029 |
| Total expenses and disbursements | $316,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,201 |
| 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 | $85,473 |
| Net Land, buildings, and equipment | $664 |
| Other assets | $0 |
| Total assets | $90,338 |
| 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 | $20,722 |
| Other liabilities | $0 |
| Total liabilities | $20,722 |
Grants Awarded
Over the last fiscal year, Stratton-Petit Foundation has awarded $205,029 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
BRAILLE INSTITUTE OF AMERICA PURPOSE: SUPPORT FOR BLINDNESS PROGRAMS | $100 |
CARING COMMUNITY FNDTN PURPOSE: COMMUNITY PROGRAMS FOR THE HOMELESS | $1,500 |
CONGREGATION NAHALAT SHALOM PURPOSE: GRANT FOR SHEPARDICFESTIVAL PROGRAM | $2,000 |
DONG EUI NAN DAL PURPOSE: ETHNIC MUSIC PROGRAMS | $500 |
DUCKS UNLIMITED PURPOSE: WETLANDS AND WATERFOUL CONSERVANCY | $100 |
DYNASTY CHEERABILITIES PURPOSE: SUPPORT OF CHEERLEADING PRGRMSFOR THE CHALLENGED | $500 |