Peterson Family Foundation in Fairfax, Virginia (VA)

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Peterson Family Foundation
Employer Identification Number (EIN)541870812
Name of OrganizationPeterson Family Foundation
In Care of NameMilton V Peterson
Address12500 Fair Lakes Cir Ste 400, Fairfax, VA 22033-3804
ActivitiesCommunity promotion
SubsectionCharitable Organization
Ruling Date08/1998
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$2,870,520
Amount of Income$3,245,752
Form 990 Revenue Amount$1,021,806
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Community Coalitions


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Amount of income in 2012: $3,245,752 (it was $1,021,806 in 2011)
Peterson Family Foundation: 

 $3,245,752
Other organizations performing similar types of work: 

 $173,529

Assets in 2012: $2,870,520 (it was $1,025,032 in 2011)
This organization: 

 $2,870,520
Other organizations performing similar types of work: 

 $168,591

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$1,021,806$61$61
Contributions, gifts, grants, etc., received$1,026,652
Interest on savings and temporary cash investments$48
Dividends and interest from securities$13
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$1,125,476$0$0$1,026,695
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$98,781$0$0
Contributions, gifts, grants paid$1,026,695
Excess of revenue over expenses and disbursements$-103,670
Net investment income$61
Adjusted net income$61
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$1,025,032$0
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$551,369
Other$473,663
Total liabilities$450,286
Mortgages and other notes payable$0
Other$450,286
Total liabilities and net assets/fund balances$574,746
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$-4,907
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$1
Total credits and payments$20,795
2011 estimated tax payments and 2010 overpayment credited to 2011$20,795
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Overpayment$20,794
Amount to be credited to 2012 estimated tax$0
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?Yes
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$0
Net value of noncharitable-use assets$0
Minimum investment return$0
Distributable Amount (for 2011)
Distributable amount$0
Undistributed Income (for 2011)
Distributable amount for 2011$0
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
The lesser of the adjusted net income or the minimum investment return$1$198$1,352$18,526$20,076
Qualifying distributions made directly for active conduct of exempt activities$1,578,064$1,866,004$678,471$2,683,734$6,806,273
Value of all assets$1$0$0$0$1
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$23,871$901$26,593$51,365
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Community Action Kentucky Inc101 Burch Ct, Frankfort, KY 40601-8353KY1976-05$71,899,188
2Concerned Citizens Of South Central Los AngelesPO BOX 11337, Los Angeles, CA 90011-0337CA1994-04$4,443,599
3Bristol Residential Development CorporationPO BOX 9054, Gray, TN 37615-9054TN1992-06$36,137
4Douglass Community Center Organization IncPO BOX 2135, Duncan, OK 73534-2135OK1997-12$8,010
5Community Action Of Greater Indianapolis Inc3266 N Meridian, Indianapolis, IN 46208-5846IN1965-06$22,072,659
6Community Action Inc145 Essex Street, Haverhill, MA 01832-5750MA1983-11$16,004,079
7Pulitzer Foundation For The Arts3716 Washington Blvd, Saint Louis, MO 63108-3612MO1997-03$15,671,945
8Childrens Cancer Recovery FoundationPO BOX 238, Hershey, PA 17033-0238PA1990-09$11,881,440
9Community Action Committee Of Cape Cod & Islands Inc115 Enterprise Rd, Hyannis, MA 02601-2212MA1967-05$9,733,108
10Pico National Network171 Santa Rosa Ave, Oakland, CA 94610-1316CA1973-12$8,854,297
11Community Ventures In Living Ltd401 S Earl Ave Ste 2a, Lafayette, IN 47904-3265IN1993-10$5,189,925
12Community Housing Initiative IncPO BOX 410522, Melbourne, FL 32941-0522FL1993-07$5,056,027
13Metro Community Development Inc503 S Saginaw, Flint, MI 48502-1820MI1993-12$3,838,751
14360 Communities501 Highway 13 E Ste 102, Burnsville, MN 55337-2877MN1974-01$3,716,419
15Peterson Family Foundation12500 Fair Lakes Cir Ste 400, Fairfax, VA 22033-3804VA1998-08$3,245,752
16Long Island Citizens Campaign Inc Dba Citizens Campaign For The, Environment Inc225a Main St, Farmingdale, NY 11735-2619NY1987-04$2,796,236
17Mclean Community FoundationPO BOX 75, Mclean, VA 22101-0075VA1981-10$205,330
18Downtown Berryville Inc23 E Main St, Berryville, VA 22611-1394VA1994-01$123,083
19Arlington Womens Civic Alliance Inc3443 Venice Street, Arlington, VA 22207VA1994-06$0
20Federation Of Communities In Service120 Elderspirit Ct, Abingdon, VA 24210VA1968-03$0
Number of organizations performing similar types of work
Alaska1
Alabama3
Arkansas2
Arizona6
California37
Colorado10
Connecticut5
District of Columbia3
Florida17
Georgia6
Hawaii3
Iowa8
Idaho4
Illinois22
Indiana12
Kansas4
Kentucky8
Louisiana4
Massachusetts12
Maryland6
Michigan20
Minnesota17
Missouri13
Mississippi2
Montana2
North Carolina10
Nebraska4
New Jersey4
New Mexico3
New York30
Ohio13
Oklahoma3
Oregon5
Pennsylvania24
Rhode Island1
South Carolina3
South Dakota1
Tennessee7
Texas10
Utah3
Virginia11
Washington11
Wisconsin5
West Virginia5
Wyoming1
Total381

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