The Mitchell Petersen Family Foundation
EIN: 526942243 · Shady Side, MD
| Metric | Value |
|---|---|
| Total Expenses | $83K |
| Net Assets | $1.3M |
Is The Mitchell Petersen Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Mitchell Petersen Family Foundation
The Mitchell Petersen Family Foundation (EIN: 526942243) is a nonprofit organization based in Shady Side, MD. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Mitchell Petersen Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Mitchell Petersen Family Foundation is a micro nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -21.9%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $21K |
| Total Expenses | $83K |
| Surplus / Deficit | $-62,153 |
| Total Assets | $1.3M |
| Total Liabilities | $1 |
| Net Assets | $1.3M |
| Operating Margin | -291.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 183.8 months |
Financial Health Grade: B
In 2015, The Mitchell Petersen Family Foundation reported a deficit of $62K with expenses exceeding revenue, holds 183.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), The Mitchell Petersen Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -21.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -1.9% | -58.2% | -4.6% |
| 2014 | -93.8% | +27.5% | -11.7% |
| 2013 | +838.2% | +36.3% | +11.2% |
| 2012 | -35.2% | -56.6% | -5.9% |
AI Analysis Pending
AI enrichment for The Mitchell Petersen Family Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Mitchell Petersen Family Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $62K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about The Mitchell Petersen Family Foundation
Is The Mitchell Petersen Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Mitchell Petersen Family Foundation (EIN: 526942243) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Mitchell Petersen Family Foundation spend its money?
Detailed spending breakdown data is not yet available for The Mitchell Petersen Family Foundation. Check back for updated IRS 990 analysis.
Are donations to The Mitchell Petersen Family Foundation tax-deductible?
The Mitchell Petersen Family Foundation is registered as a tax-exempt nonprofit (EIN: 526942243). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Mitchell Petersen Family Foundation located?
The Mitchell Petersen Family Foundation is headquartered in Shady Side, Maryland and files with the IRS under EIN 526942243.
How many years of IRS 990 filings does The Mitchell Petersen Family Foundation have?
The Mitchell Petersen Family Foundation has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for The Mitchell Petersen Family Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), The Mitchell Petersen Family Foundation's revenue has declined by 62.8%, moving from $57K to $21K. Total assets decreased by 11.9% over the same period, from $1.5M to $1.3M. Total functional expenses fell by 68.5%, from $265K to $83K. In its most recent filing year (2015), The Mitchell Petersen Family Foundation reported a deficit of $62K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $21K | $83K | $1.3M | $1 | — | View 990 |
| 2014 | $22K | $200K | $1.3M | $1 | — | View 990 |
| 2013 | $348K | $157K | $1.5M | $0 | — | View 990 |
| 2012 | $37K | $115K | $1.4M | $39K | — | View 990 |
| 2011 | $57K | $265K | $1.5M | $47K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $21K, expenses of $83K, and assets of $1.3M (revenue -1.9% year-over-year).
- 2014: Revenue of $22K, expenses of $200K, and assets of $1.3M (revenue -93.8% year-over-year).
- 2013: Revenue of $348K, expenses of $157K, and assets of $1.5M (revenue +838.2% year-over-year).
- 2012: Revenue of $37K, expenses of $115K, and assets of $1.4M (revenue -35.2% year-over-year).
- 2011: Revenue of $57K, expenses of $265K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Mitchell Petersen Family Foundation:
Data Sources and Methodology
This transparency report for The Mitchell Petersen Family 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.