Jack L Peterson And Vanessa Mccoy Peterson Foundation
Jack L Peterson And Vanessa Mccoy Peterson Foundation consistently spends more than it earns, drawing down assets.
EIN: 202026404 · Waikoloa, HI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $138K |
| Total Expenses | $27K |
| Program Spending | 80% |
| Net Assets | $229K |
| Transparency Score | 65/100 |
Is Jack L Peterson And Vanessa Mccoy Peterson Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jack L Peterson And Vanessa Mccoy Peterson Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jack L Peterson And Vanessa Mccoy Peterson Foundation
Jack L Peterson And Vanessa Mccoy Peterson Foundation (EIN: 202026404) is a nonprofit organization based in Waikoloa, HI, classified under NTEE code T22. The organization reported total revenue of $138K and total assets of $261K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jack L Peterson And Vanessa Mccoy Peterson Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jack L Peterson And Vanessa Mccoy Peterson Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $27K |
| Surplus / Deficit | $-17,594 |
| Total Assets | $229K |
| Total Liabilities | $1 |
| Net Assets | $229K |
| Operating Margin | -180.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 100.5 months |
Financial Health Grade: B
In 2023, Jack L Peterson And Vanessa Mccoy Peterson Foundation reported a deficit of $18K with expenses exceeding revenue, holds 100.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Jack L Peterson And Vanessa Mccoy Peterson Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1948.2% | -1.1% | -7.6% |
| 2022 | -97.8% | +12.8% | -9.9% |
| 2021 | +283.1% | -6.8% | -0.9% |
| 2020 | -93.6% | +19.3% | -6.8% |
| 2019 | +163.0% | -16.0% | +15.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Jack L Peterson And Vanessa Mccoy Peterson Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Jack L Peterson And Vanessa Mccoy Peterson Foundation allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $18K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the foundation's leadership is entirely volunteer-based, which is highly efficient for a small organization of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Jack L Peterson And Vanessa Mccoy Peterson Foundation's IRS 990 filings:
- Consistent deficit spending (expenses frequently exceed revenue, e.g., $27,323 expenses vs. $9,729 revenue in 2023).
- Declining asset base over recent years (from $297,506 in 2019 to $228,722 in 2023).
Strengths
The following positive indicators were identified for Jack L Peterson And Vanessa Mccoy Peterson Foundation:
- Zero officer compensation, indicating volunteer leadership and high efficiency in this area.
- Very low liabilities ($1 consistently reported), suggesting strong financial control and minimal debt.
- Consistent filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Jack L Peterson And Vanessa Mccoy Peterson Foundation
Is Jack L Peterson And Vanessa Mccoy Peterson Foundation a legitimate charity?
Jack L Peterson And Vanessa Mccoy Peterson Foundation (EIN: 202026404) is a registered tax-exempt nonprofit based in Hawaii. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $138K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Jack L Peterson And Vanessa Mccoy Peterson Foundation spend its money?
Jack L Peterson And Vanessa Mccoy Peterson Foundation directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Jack L Peterson And Vanessa Mccoy Peterson Foundation tax-deductible?
Jack L Peterson And Vanessa Mccoy Peterson Foundation is registered as a tax-exempt nonprofit (EIN: 202026404). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Jack L Peterson And Vanessa Mccoy Peterson Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Jack L Peterson And Vanessa Mccoy Peterson Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jack L Peterson And Vanessa Mccoy Peterson Foundation located?
Jack L Peterson And Vanessa Mccoy Peterson Foundation is headquartered in Waikoloa, Hawaii and files with the IRS under EIN 202026404. It is classified under NTEE code T22.
How many years of IRS 990 filings does Jack L Peterson And Vanessa Mccoy Peterson Foundation have?
Jack L Peterson And Vanessa Mccoy Peterson Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $138K in total revenue.
What are the specific programs or grants the foundation supports?
The provided data does not detail specific programs or grants. As a Private Grantmaking Foundation (NTEE T22), its primary activity is likely making grants, but the beneficiaries are not specified.
How does the foundation plan to address its consistent deficit spending?
The filings show that expenses have exceeded revenue in most years (e.g., $27,323 expenses vs. $9,729 revenue in 2023). The foundation would need to either increase its revenue streams or reduce expenses to achieve financial sustainability without further drawing down assets.
What constitutes the majority of the foundation's expenses?
Without a detailed breakdown of expenses from the 990 forms, it's difficult to pinpoint the exact nature of the costs. Given its NTEE code, a significant portion should ideally be grant disbursements (program service expenses).
What is the foundation's strategy for asset management given the declining trend?
Assets have decreased from $297,506 in 2019 to $228,722 in 2023. The foundation's strategy for managing this decline, whether through investment returns or planned asset utilization, is not evident from the summary data.
Filing History
IRS 990 filing history for Jack L Peterson And Vanessa Mccoy Peterson Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Jack L Peterson And Vanessa Mccoy Peterson Foundation's revenue has declined by 25.6%, moving from $13K to $10K. Total assets increased by 9% over the same period, from $210K to $229K. Total functional expenses rose by 19.4%, from $23K to $27K. In its most recent filing year (2023), Jack L Peterson And Vanessa Mccoy Peterson Foundation reported a deficit of $18K, with expenses exceeding revenue. The organization holds $1 in liabilities against $229K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $229K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10K | $27K | $229K | $1 | — | — |
| 2022 | $475 | $28K | $248K | $1 | — | — |
| 2021 | $22K | $24K | $275K | $1 | — | — |
| 2020 | $6K | $26K | $277K | $1 | — | View 990 |
| 2019 | $90K | $22K | $298K | $1 | — | View 990 |
| 2015 | $34K | $26K | $257K | $1 | — | View 990 |
| 2014 | $44K | $24K | $248K | $1 | — | View 990 |
| 2013 | $5K | $23K | $229K | $1 | — | View 990 |
| 2012 | $61K | $25K | $246K | $1 | — | View 990 |
| 2011 | $13K | $23K | $210K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10K, expenses of $27K, and assets of $229K (revenue +1948.2% year-over-year).
- 2022: Revenue of $475, expenses of $28K, and assets of $248K (revenue -97.8% year-over-year).
- 2021: Revenue of $22K, expenses of $24K, and assets of $275K (revenue +283.1% year-over-year).
- 2020: Revenue of $6K, expenses of $26K, and assets of $277K (revenue -93.6% year-over-year).
- 2019: Revenue of $90K, expenses of $22K, and assets of $298K (revenue +163.0% year-over-year).
- 2015: Revenue of $34K, expenses of $26K, and assets of $257K (revenue -21.4% year-over-year).
- 2014: Revenue of $44K, expenses of $24K, and assets of $248K (revenue +731.5% year-over-year).
- 2013: Revenue of $5K, expenses of $23K, and assets of $229K (revenue -91.4% year-over-year).
- 2012: Revenue of $61K, expenses of $25K, and assets of $246K (revenue +367.8% year-over-year).
- 2011: Revenue of $13K, expenses of $23K, and assets of $210K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jack L Peterson And Vanessa Mccoy Peterson Foundation:
Data Sources and Methodology
This transparency report for Jack L Peterson And Vanessa Mccoy Peterson Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.