Nonprofit · EIN 45-2323642
PETTERS FAMILY FOUNDATION
Tax-exempt · NEWPORT NEWS, VA 23601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $14,865,321 | $3,790,115 | $11,075,206 | $50,258,028 | $0 | $50,258,028 |
| December 31, 2024 | 990-PF | $15,169,755 | $2,969,032 | $12,200,723 | $39,182,822 | $0 | $39,182,822 |
| December 31, 2023 | 990-PF | $5,182,581 | $2,783,627 | $2,398,954 | $26,982,099 | $0 | $26,982,099 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $2,409,161
- Net gain from sales of assets
- $12,452,688
- Other income
- $3,472
Expenses
- Grants and similar amounts paid
- $3,244,490
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $3,250,431
- Excise tax on investment income
- $204,143
Balance sheet and other
- Total assets, start of year
- $39,182,822
- Total assets, end of year
- $50,258,028
- Total liabilities, end of year
- $0
- Net assets, end of year
- $50,258,028
- Fair market value of assets
- $71,840,221
- Qualifying distributions
- $3,250,431
- Net investment income
- $14,865,321
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 |
|---|---|---|---|
| C MICHAEL PETTERS 134 JAMES RIVER DRIVE, NEWPORT NEWS, VA 23601 | SECRETARY/TREASURER | 4 | $0 |
| NANCY B PETTERS 134 JAMES RIVER DRIVE, NEWPORT NEWS, VA 23601 | PRESIDENT | 1 | $0 |
| SARAH FLETCHER 134 JAMES RIVER DRIVE, NEWPORT NEWS, VA 23601 | VICE PRESIDENT | 1 | $0 |
| CAROLINE G SAUER 134 JAMES RIVER DRIVE, NEWPORT NEWS, VA 23601 | VICE PRESIDENT | 1 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| C MICHAEL PETTERS 134 JAMES RIVER DRIVE, NEWPORT NEWS, VA 23601 | SECRETARY/TREASURER | 4 | $0 |
| NANCY B PETTERS 134 JAMES RIVER DRIVE, NEWPORT NEWS, VA 23601 | PRESIDENT | 1 | $0 |
| SARAH FLETCHER 134 JAMES RIVER DRIVE, NEWPORT NEWS, VA 23601 | VICE PRESIDENT | 1 | $0 |
| CAROLINE G SAUER 134 JAMES RIVER DRIVE, NEWPORT NEWS, VA 23601 | VICE PRESIDENT | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| C MICHAEL PETTERS 206 HILTON TERRACE, NEWPORT NEWS, VA 23601 | SECRETARY/TREASURER | 4 | $0 |
| NANCY B PETTERS 206 HILTON TERRACE, NEWPORT NEWS, VA 23601 | PRESIDENT | 1 | $0 |
| SARAH FLETCHER 206 HILTON TERRACE, NEWPORT NEWS, VA 23601 | VICE PRESIDENT | 1 | $0 |
| CAROLINE G SAUER 206 HILTON TERRACE, NEWPORT NEWS, VA 23601 | VICE PRESIDENT | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 134 JAMES RIVER DR, NEWPORT NEWS, VA 23601-3604
- Signed the 990-PF
- C MICHAEL PETTERS, SECRETARY/TREASURER
- Phone
- (757) 880-4138
- Return prepared by
- PBMARES LLP
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
- 45-2323642
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $50,258,028
- Income (IRS master file)
- $26,984,393
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $14,865,321 | $3,790,115 | $50,258,028 | XML |
| 990-T | December 2025 | – | – | – | IRS |
| 990-PF | December 2024 | $15,169,755 | $2,969,032 | $39,182,822 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $5,182,581 | $2,783,627 | $26,982,099 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 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 45-2323642).
Questions about PETTERS FAMILY FOUNDATION
- What is the EIN of PETTERS FAMILY FOUNDATION?
- The employer identification number (EIN) of PETTERS FAMILY FOUNDATION is 45-2323642.
- Is PETTERS FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to PETTERS FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PETTERS FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PETTERS FAMILY 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 PETTERS FAMILY 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 PETTERS FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does PETTERS FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $14,865,321, expenses of $3,790,115 and total assets of $50,258,028 at year end.
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