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Nonprofiteer
← PETE AND THOMAS FOUNDATION

Form 990 for tax year 2023

Filed by PETE AND THOMAS FOUNDATION.

Totals

Total revenue
$325,245
Total expenses
$26,222
Contributions and grants received
$325,245
Grants paid
$24,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$311,334
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$311,334
Program services expenses (Part IX)
$24,042
Management and general expenses
$2,180
Fundraising expenses
$0
Program service expenses (Part III)
$24,042

Program services were 91.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $325,245

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $24,000 · program services $24,000

  • 11g · Fees: other

    total $2,180 · management and general $2,180

  • 24a · Other expenses: CHAR500 FEE

    total $25 · program services $25

  • 24b · Other expenses: MERCHANT FEES

    total $17 · program services $17

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,311 · end of year $311,334

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $12,311 · end of year $311,334

Mission and programs · 2023

Mission

PETE & THOMAS FOUNDATION PROVIDES RESOURCES TO EFFECT MEANINGFUL AND POSITIVE CHANGE IN THE LIVES OF WOMEN AND CHILDREN, SENIOR CITIZENS, AND UNDERSERVED COMMUNITIES IN HOUSTON, TX AND ACROSS THE GLOBE. THE FOUNDATION'S PROGRAMS ARE FOCUSED IN THE AREAS OF EDUCATION, HOUSING, HEALTH & WELLNESS, AND COMMUNITY GOODWILL.

Activities or mission (Part I)

THE PURPOSE OF THE FOUNDATION IS TO CATALYZE RESOURCES TO EFFECT MEANINGFUL AND POSITIVE CHANGE IN THE LIVES OF WOMEN AND CHILDREN, SENIOR CITIZENS, AND UNDERSERVED COMMUNITIES IN HOUSTON, TX, AND ACROSS THE GLOBE.

  • GRANTMAKING - THE ORGANIZATION PROVIDED GRANTS TO SELECTED ORGANIZATIONS THAT ALIGN WITH THE ORGANIZATION'S MISSION.

    Expenses $24,042 · Grants $24,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Megan Pete

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Travis Farris

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    5

  • Candy Crary

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349305252

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