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Nonprofit · EIN 26-2881707

PETRA FOUNDATION INC

Tax-exempt · COVINGTON, GA 30015

Financials

$145K$143K2023$73K$88K2024
Revenue Expenses · by fiscal year end
Financials of PETRA FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$72,889$87,921-$15,032$16,648–$16,648
December 31, 2023990-EZ$144,885$142,538$2,347$31,680–$31,680
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$72,889

Expenses

Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$7,420
Occupancy
$3,933
Other expenses
$76,568

Balance sheet and other

Total assets, start of year
$31,680
Total assets, end of year
$16,648
Total liabilities, end of year
–
Net assets, end of year
$16,648
Cash, savings and investments
$16,648
Gross receipts
$72,889

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MICHEL FRANKLINDIRECTOR15$0
JOE FRANKLINASSISTANT DIRECTOR15$0
CHERYL CHEEKTREASURER1$0
JODI GARNERADMINISTRATIVE1$0
990-EZ for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
MICHEL FRANKLINDIRECTOR20$0
JOE FRANKLINASSISTANT DIRECTOR5$0
CHERYL CHEEKTREASURER1$0
JODI GARNERADMINISTRATIVE3$0

Address and contacts

Address (IRS master file)
PO BOX 1144, COVINGTON, GA 30015-1144
Signed the 990-EZ
MICHEL FRANKLIN, DIRECTOR
Phone
(770) 784-0982
Return prepared by
H AND R BLOCK

Mission

Our Mission is to show the love of Christ by helping meet the needs of people in our community and fulfilling The Great Commission of our Lord and Savior Jesus Christ.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • ONE OF THE MAIN PURPOSES OF PETRA FOUNDATION, INC. IS TO SHOW THE HOMELESS AND DRUG OR ALCOHOL ADDICTED MEN THE LOVE OF JESUS THROUGH FOOD, SHELTER AND HOPE FOR THE FUTURE. WE CONTINUE TO PARTNER WITH DAMASCUS ROAD, A TWO-YEAR DRUG AND ALCOHOL REHABILITATION PROGRAM. THE COST IS $1,800.00 PER PERSON FOR THE FIRST SIX WEEKS TO GET STARTED IN THEIR REHABILITATION. IN ADDITION, WE ARE NOW HELPING OUR SENIOR CITIZENS OVER THE AGE OF 55 WHO ARE IN DESPERATE NEED OF FOOD AND/OR MEDICAL ATTENTION. WE HAVE ALSO ADDED FREE HOME REPAIRS TO THOSE WHO QUALIFY. WE HAVE BEEN IN THE PROCESS OF BUILDING A MULTI-USE FACILITY TO BENEFIT THESE PEOPLE IN NEED. ALSO, WE HAVE TAKEN ON THE CARE AND MAINTENANCE OF THE PROPERTY WE ARE LOCATED ON.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
26-2881707
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2008
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$16,648
Income (IRS master file)
$72,889

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$72,889$87,921$16,648IRS
990-EZDecember 2023$144,885$142,538$31,680XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-2881707).

Questions about PETRA FOUNDATION INC

What is the EIN of PETRA FOUNDATION INC?
The employer identification number (EIN) of PETRA FOUNDATION INC is 26-2881707.
Is PETRA FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to PETRA FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PETRA FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PETRA FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PETRA FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of PETRA FOUNDATION INC?
The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does PETRA FOUNDATION INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $72,889, expenses of $87,921 and total assets of $16,648 at year end.

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