Nonprofit · EIN 31-1505617
GRITS FOUNDATION
Tax-exempt · HOUSTON, TX 77055
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $257,745 | $375,633 | -$117,888 | $3,846,889 | $0 | $3,846,889 |
| December 31, 2024 | 990-PF | $197,561 | $335,091 | -$137,530 | $3,963,280 | $0 | $3,963,280 |
| December 31, 2023 | 990-PF | $175,203 | $297,708 | -$122,505 | $4,100,067 | $0 | $4,100,067 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $102,575
- Net gain from sales of assets
- $155,170
Expenses
- Grants and similar amounts paid
- $370,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $372,103
- Excise tax on investment income
- $3,534
Balance sheet and other
- Total assets, start of year
- $3,963,280
- Total assets, end of year
- $3,846,889
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,846,889
- Fair market value of assets
- $7,870,998
- Qualifying distributions
- $372,103
- Net investment income
- $257,745
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN T PETERKIN 7811 WEDGEWOOD LN, HOUSTON, TX 77055 | PRESIDENT | 1 | $0 |
| GEORGE A PETERKIN III 7811 WEDGEWOOD LN, HOUSTON, TX 77055 | V-P, DIRECTOR | 1 | $0 |
| SUSAN PETERKIN 7811 WEDGEWOOD LN, HOUSTON, TX 77055 | VICE-PRESIDENT | 1 | $0 |
| LYNN PETERKIN 7811 WEDGEWOOD LN, HOUSTON, TX 77055 | TREASURER | 1 | $0 |
| KATE F PETERKIN 7811 WEDGEWOOD LN, HOUSTON, TX 77055 | SECRETARY | 1 | $0 |
990-PF for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN T PETERKIN 7811 WEDGEWOOD LN, HOUSTON, TX 77055 | PRESIDENT | 1 | $0 |
| GEORGE A PETERKIN III 7811 WEDGEWOOD LN, HOUSTON, TX 77055 | V-P, DIRECTOR | 1 | $0 |
| SUSAN PETERKIN HEY 7811 WEDGEWOOD LN, HOUSTON, TX 77055 | VICE-PRESIDENT | 1 | $0 |
| LYNN PETERKIN 7811 WEDGEWOOD LN, HOUSTON, TX 77055 | TREASURER | 1 | $0 |
| KATE F PETERKIN 7811 WEDGEWOOD LN, HOUSTON, TX 77055 | SECRETARY | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN T PETERKIN 7811 WEDGEWOOD LN, HOUSTON, TX 77055 | PRESIDENT | 1 | $0 |
| GEORGE A PETERKIN III 7811 WEDGEWOOD LN, HOUSTON, TX 77055 | V-P, DIRECTOR | 1 | $0 |
| SUSAN PETERKIN HEY 7811 WEDGEWOOD LN, HOUSTON, TX 77055 | SEC., DIR. | 1 | $0 |
| LYNN PETERKIN 7811 WEDGEWOOD LN, HOUSTON, TX 77055 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 7811 WEDGEWOOD LN, HOUSTON, TX 77055-6846
- In care of
- % GEORGE A PETERKIN JR
- Signed the 990-PF
- JOHN T PETERKIN, PRESIDENT
- Phone
- (281) 888-3351
- Return prepared by
- MADDOX THOMSON & ASSOCIATES PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 31-1505617
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $3,846,889
- Income (IRS master file)
- $923,630
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | – | – | – | IRS |
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $175,203 | $297,708 | $4,100,067 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about GRITS FOUNDATION
- What is the EIN of GRITS FOUNDATION?
- The employer identification number (EIN) of GRITS FOUNDATION is 31-1505617.
- Is GRITS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Which annual return does GRITS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GRITS FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRITS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of GRITS FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does GRITS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $257,745, expenses of $375,633 and total assets of $3,846,889 at year end.
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