Lee And Kay Peterson Family Foundation Inc
Lee And Kay Peterson Family Foundation maintains stable assets with zero reported officer compensation.
EIN: 201945029 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10K |
| Total Expenses | $17K |
| Program Spending | 90% |
| Net Assets | $302K |
| Transparency Score | 85/100 |
Is Lee And Kay Peterson Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lee And Kay Peterson Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lee And Kay Peterson Family Foundation Inc
Lee And Kay Peterson Family Foundation Inc (EIN: 201945029) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $10K and total assets of $294K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lee And Kay Peterson Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lee And Kay Peterson Family Foundation Inc is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24K |
| Total Expenses | $17K |
| Surplus / Deficit | +$6K |
| Total Assets | $302K |
| Total Liabilities | $1 |
| Net Assets | $302K |
| Operating Margin | 26.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 207.1 months |
Financial Health Grade: A
In 2023, Lee And Kay Peterson Family Foundation Inc reported a surplus of $6K with revenue exceeding expenses, holds 207.1 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), Lee And Kay Peterson Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +295.0% | +71.7% | +2.1% |
| 2022 | -23.8% | -31.5% | -1.4% |
| 2021 | -38.1% | -1.0% | -2.3% |
| 2020 | +101.6% | +25.4% | -0.7% |
| 2019 | -95.2% | -4.6% | -21.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Lee And Kay Peterson Family Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Lee And Kay Peterson Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid volunteers or that compensation is negligible, which is highly favorable for a nonprofit of its 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 Lee And Kay Peterson Family Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes precise program efficiency difficult to ascertain.
Strengths
The following positive indicators were identified for Lee And Kay Peterson Family Foundation Inc:
- Consistent asset base around $300,000, indicating financial stability.
- Zero reported officer compensation across all filings, suggesting high efficiency and volunteer leadership.
- Extremely low liabilities ($1 across all filings), demonstrating strong financial health.
- Consistent IRS 990 filing history, indicating good transparency and compliance.
- NTEE code T20 (Private Grantmaking Foundations) implies a focus on direct charitable giving.
Frequently Asked Questions about Lee And Kay Peterson Family Foundation Inc
Is Lee And Kay Peterson Family Foundation Inc a legitimate charity?
Lee And Kay Peterson Family Foundation Inc (EIN: 201945029) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $10K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Lee And Kay Peterson Family Foundation Inc spend its money?
Lee And Kay Peterson Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Lee And Kay Peterson Family Foundation Inc tax-deductible?
Lee And Kay Peterson Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201945029). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Lee And Kay Peterson Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lee And Kay Peterson Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lee And Kay Peterson Family Foundation Inc located?
Lee And Kay Peterson Family Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 201945029. It is classified under NTEE code T20.
How many years of IRS 990 filings does Lee And Kay Peterson Family Foundation Inc have?
Lee And Kay Peterson Family Foundation Inc 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 $10K in total revenue.
Is Lee And Kay Peterson Family Foundation Inc a good charity?
Based on the available data, the foundation demonstrates strong financial stability with consistent assets and minimal liabilities. The complete absence of officer compensation is a significant positive indicator of efficient resource allocation. Its consistent IRS filings also suggest good governance and transparency.
What is the primary purpose of this foundation?
Given its NTEE code T20 (Private Grantmaking Foundations), its primary purpose is likely to make grants to other organizations or individuals in line with its charitable mission.
How does the foundation manage its expenses?
The foundation generally keeps its expenses modest, with the latest filing showing $17,475 in expenses against $23,760 in revenue. The consistent reporting of $1 in liabilities across all filings suggests very prudent financial management and no reliance on debt.
Does the foundation have significant administrative costs?
The consistent reporting of 0% officer compensation strongly suggests very low administrative costs, as a major component of administrative overhead (salaries) is absent or negligible.
Filing History
IRS 990 filing history for Lee And Kay Peterson Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lee And Kay Peterson Family Foundation Inc's revenue has declined by 13.4%, moving from $27K to $24K. Total assets increased by 0.2% over the same period, from $301K to $302K. Total functional expenses fell by 19.9%, from $22K to $17K. In its most recent filing year (2023), Lee And Kay Peterson Family Foundation Inc reported a surplus of $6K, with revenue exceeding expenses. The organization holds $1 in liabilities against $302K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $302K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24K | $17K | $302K | $1 | — | — |
| 2022 | $6K | $10K | $295K | $1 | — | — |
| 2021 | $8K | $15K | $299K | $1 | — | — |
| 2020 | $13K | $15K | $306K | $1 | — | — |
| 2019 | $6K | $12K | $309K | $1 | — | View 990 |
| 2015 | $131K | $13K | $391K | $1 | — | View 990 |
| 2014 | $27K | $22K | $273K | $1 | — | View 990 |
| 2013 | $6K | $20K | $267K | $1 | — | View 990 |
| 2012 | $4K | $24K | $281K | $1 | — | View 990 |
| 2011 | $27K | $22K | $301K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24K, expenses of $17K, and assets of $302K (revenue +295.0% year-over-year).
- 2022: Revenue of $6K, expenses of $10K, and assets of $295K (revenue -23.8% year-over-year).
- 2021: Revenue of $8K, expenses of $15K, and assets of $299K (revenue -38.1% year-over-year).
- 2020: Revenue of $13K, expenses of $15K, and assets of $306K (revenue +101.6% year-over-year).
- 2019: Revenue of $6K, expenses of $12K, and assets of $309K (revenue -95.2% year-over-year).
- 2015: Revenue of $131K, expenses of $13K, and assets of $391K (revenue +378.4% year-over-year).
- 2014: Revenue of $27K, expenses of $22K, and assets of $273K (revenue +329.7% year-over-year).
- 2013: Revenue of $6K, expenses of $20K, and assets of $267K (revenue +66.9% year-over-year).
- 2012: Revenue of $4K, expenses of $24K, and assets of $281K (revenue -86.1% year-over-year).
- 2011: Revenue of $27K, expenses of $22K, and assets of $301K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lee And Kay Peterson Family Foundation Inc:
Data Sources and Methodology
This transparency report for Lee And Kay Peterson Family Foundation Inc 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.