Hugh E & Marjorie S Petersen Foundation Inc
Only null% goes to programs Strong reserves
Hugh E & Marjorie S Petersen Foundation Inc is a 501(c)(3) organization based in Santa Barbara, California, registered in 2006, with $36,819 in FY2024 revenue. CharityIndex grades it F.
1114 State St Ste 243, Santa Barbara, CA, 93101 EIN 20-3757530 Since 2006
Revenue (FY2024)
$37K
▼ 99.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$2.1M
Net assets
$37.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Hugh E & Marjorie S Petersen Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating211 mo reserves · -5733% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hugh E & Marjorie S Petersen Foundation Inc: 211 mo reserves · -5733% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Hugh E & Marjorie S Petersen Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hugh E & Marjorie S Petersen Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1114 State St Ste 243, Santa Barbara, CA, 93101
- City
- Santa Barbara
- State
- California
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $349K (FY2013) to $37K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $37.7M
Operating margin
-5733.4%
Spent more than it raised in the latest fiscal year.
Total assets
$37.7M
Total liabilities
$0
Net assets
$37.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $36,819▼99.4% | $2,147,807▲90.2% | $37,698,418▼5.3% | $37,698,418▼5.3% | 990PF |
| 2023 | $5,867,516▲2622% | $1,129,242▲0.9% | $39,788,212▲13.5% | $39,788,212▲13.5% | 990PF |
| 2022 | -$232,689▼186% | $1,119,433▲7.3% | $35,049,938▼4.8% | $35,049,938▼4.8% | 990PF |
| 2021 | -$81,276▼102% | $1,042,825▼28.1% | $36,798,003▼3.0% | $36,798,585▼3.0% | 990PF |
| 2020 | $4,103,610▲147% | $1,449,622▼19.8% | $37,922,104▲7.5% | $37,922,104▲7.5% | 990PF |
| 2019 | $1,660,291▼95.4% | $1,808,263▲89.9% | $35,268,116▼0.4% | $35,268,116▼0.4% | 990PF |
| 2018 | $35,926,990▲2246% | $952,120▼16.1% | $35,416,088▲8088% | $35,416,088▲8088% | 990PF |
| 2017 | $1,531,308▲155% | $1,134,525▲77.1% | $432,545▲1110% | $432,545▲1110% | 990PF |
| 2016 | $600,405▼14.2% | $640,525▼28.9% | $35,762▼52.9% | $35,762▼52.9% | 990PF |
| 2015 | $699,408▲8.7% | $901,230▲142% | $75,882▼72.7% | $75,882▼72.7% | 990PF |
| 2014 | $643,266▲84.4% | $373,000▼6.8% | $277,704▲3634% | $277,704▲3634% | 990PF |
| 2013 | $348,840 | $400,147▼4.1% | $7,438▼87.3% | $7,438▼87.3% | 990PF |
| 2012 | — | $417,054▼7.0% | $58,745▼85.0% | $58,745▼85.0% | 990PF |
| 2011 | — | $448,682▲0.2% | $390,542▼12.0% | $390,542▼12.0% | 990PF |
| 2010 | — | $447,970 | $444,023 | $444,023 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Hugh E & Marjorie S Petersen Foundation Inc a legitimate nonprofit?
- Yes. Hugh E & Marjorie S Petersen Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-3757530, based in Santa Barbara, California. Donations are tax-deductible.
- What is Hugh E & Marjorie S Petersen Foundation Inc's EIN?
- Hugh E & Marjorie S Petersen Foundation Inc's Employer Identification Number (EIN) is 20-3757530.
- How much revenue does Hugh E & Marjorie S Petersen Foundation Inc report?
- Hugh E & Marjorie S Petersen Foundation Inc reported $36,819 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Hugh E & Marjorie S Petersen Foundation Inc have?
- CharityIndex grades Hugh E & Marjorie S Petersen Foundation Inc F, based on financial health (reserves and operating margin).
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Data for Hugh E & Marjorie S Petersen Foundation Inc (EIN 20-3757530) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.