Nonprofit · EIN 87-3520846
PETERMAN INITIATIVE LTD
Tax-exempt · INDIANAPOLIS, IN 46237
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $17,461 | $61,812 | -$44,351 | $311,707 | $2,283 | $309,424 |
| December 31, 2023 | 990 | $14,138 | $59,410 | -$45,272 | $353,780 | $5 | $353,775 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $500
- Program service revenue
- $0
- Investment income
- $16,961
- Net gain from sales of assets
- $14,543
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $41,207
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,400
- Travel
- $9,141
- Program services (functional)
- $41,207
- Management and general (functional)
- $10,662
- Fundraising (functional)
- $9,943
Balance sheet and other
- Total assets, start of year
- $353,780
- Total assets, end of year
- $311,707
- Total liabilities, end of year
- $2,283
- Net assets, end of year
- $309,424
- Gross receipts
- $125,527
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- IN
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STANLEY M PETERMAN JR | DIRECTOR Trustee or director | 0.5 | $0 |
| ELIZABETH M PETERMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| TRACY WOOD | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STANLEY M PETERMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| ELIZABETH M PETERMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| TRACY WOOD | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 6227 SHALLOW CREEK LN, INDIANAPOLIS, IN 46237-0021
- Principal officer (990 for 2024)
- STANLEY M PETERMAN JR, 6227 SHALLOW CREEK LANE, INDIANAPOLIS, IN 46237
- Signed the 990
- STANLEY M PETERMAN JR, DIRECTOR
- Phone
- (317) 714-6036
- Return prepared by
- SLATTERY & HOLMAN PC
Mission
TO PROVIDE CHARITABLE SUPPORT TO MILITARY VETERANS, FIRST RESPONDERS, AND TO CAUSES PROMOTING EDUCATION AND RELIGION.
Program accomplishments
- SUPPORTING MILITARY VETERANS, FIRST RESPONDERS, AND CAUSES PROMOTING EDUCATION AND RELIGION.Expenses $41,207 · grants $41,207
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-3520846
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W99)
- Assets (IRS master file)
- $311,707
- Income (IRS master file)
- $125,527
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $17,461 | $61,812 | $311,707 | XML |
| 990 | December 2023 | $14,138 | $59,410 | $353,780 | XML |
| 990 | December 2022 | $129,776 | $24,230 | $399,047 | IRS |
| 990 | December 2021 | – | – | – | 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 87-3520846).
Questions about PETERMAN INITIATIVE LTD
- What is the EIN of PETERMAN INITIATIVE LTD?
- The employer identification number (EIN) of PETERMAN INITIATIVE LTD is 87-3520846.
- Is PETERMAN INITIATIVE LTD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to PETERMAN INITIATIVE LTD tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PETERMAN INITIATIVE LTD 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 PETERMAN INITIATIVE LTD 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 PETERMAN INITIATIVE LTD last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PETERMAN INITIATIVE LTD?
- The 990 for the year ended December 31, 2024 names STANLEY M PETERMAN JR.
- Who are the officers and directors of PETERMAN INITIATIVE LTD?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does PETERMAN INITIATIVE LTD have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $17,461, expenses of $61,812 and total assets of $311,707 at year end.
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