THE PETIT FAMILY FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

THE PETIT FAMILY FOUNDATION INC

EIN 26-0627813 · Community Foundations (T31)

What they do

THE PETIT FAMILY FOUNDATION HONORS THE MEMORIES of JENNIFER HAWKE-PETIT, HAYLEY ELIZABETH PETIT, and MICHAELA ROSE PETIT BY CONTINUING THE KINDNESS, IDEALISM and ACTIVISM THAT DEFINED THEIR LIVES. THE FOUNDATIONS FUNDS ARE GIVEN to FOSTER THE EDUCATION of YOUNG PEOPLE, ESPECIALLY WOMEN IN THE SCIENCES; to IMPROVE THE LIVES of THOSE AFFECTED BY CHRONIC ILLNESS; and to SUPPORT EFFORTS to PROTECT and HELP THOSE AFFECTED BY VIOLENCE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $82.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

153.73%of revenue went to mission work82.6% of expenses · Program services

1.33%of revenue went to fundraising0.7% of expenses

$186.00spent for every $100 of revenueSpending was higher than revenue this year.

30.94%of revenue went to management and office costs16.6% of expenses

$4.76in assets for every $1 spent this yearSome assets cannot be spent right away.

63.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $502,765 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$584,605

Mission workProgram services$898,693153.73% of revenue82.6% of expenses

ManagementOffice and general costs$180,87730.94% of revenue16.6% of expenses

FundraisingAsking for donations$7,8001.33% of revenue0.7% of expenses

Total expenses$1,087,370186.00% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 82.6% mission · 16.6% management · 0.7% fundraisingTotal expenses: 186.00% of revenue

2023Expense mix: 82.3% mission · 17.4% management · 0.3% fundraisingTotal expenses: 99.91% of revenue

2022Expense mix: 83.7% mission · 16.3% management · 0.0% fundraisingTotal expenses: 191.69% of revenue

2021Expense mix: 82.8% mission · 17.2% management · 0.0% fundraisingTotal expenses: 99.53% of revenue

2020Expense mix: 79.7% mission · 20.3% management · 0.0% fundraisingTotal expenses: 46.29% of revenue

2019Expense mix: 74.7% mission · 25.3% management · 0.0% fundraisingTotal expenses: 145.65% of revenue

2018Expense mix: 76.5% mission · 23.5% management · 0.0% fundraisingTotal expenses: 111.25% of revenue

2017Expense mix: 74.4% mission · 25.6% management · 0.0% fundraisingTotal expenses: 94.88% of revenue

Money in and money out

Revenue$584,605

Expenses$1,087,370

Annual shortfall $502,765 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$898,693 · 82.6% of expenses

Management and office costs$180,877 · 16.6% of expenses

Fundraising$7,800 · 0.7% of expenses

See all reported dollar amounts

Revenue$584,605

Expenses$1,087,370

Assets$5,175,228

Income$1,548,718

Contributions$369,373

Mission work (program services)$898,693

Fundraising$7,800

Grants given$5,615,961

Average grant$17,018

Management and general$180,877

Stocks and bonds$5,013,245

Investing fees$43,515

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (23)

KATE TERRICCIANODIRECTOR

WILLIAM A PETIT SREMERITUS

WILLIAM A PETIT JRPRESIDENT

TARA A BUCCHIDIRECTOR

SANFORD CLOUD JR ESQEMERITUS

RONALD A BUCCHITREASURER

RICHARD A BUCCHIDIRECTOR

R JAMES WASZDIRECTOR

MICHAEL R CHAMBRELLODEVELOPMENT

MARK A THOMPSONEMERITUS

MAGDALENA G JOHNDROWDIRECTOR

M BURCH TRACY FORDEMERITUS

AM PORTIA CORBETTEMERITUS

JOSEPH O IERNAEMERITUS

JOHN F ST PIERREDIRECTOR

JOHANNA PETIT CHAPMANVICE PRESIDE

JAYME V IERNAGRANT CHAIR

JAMES J RITCHIEDIRECTOR

GLENN F PETITDIRECTOR

GARRETT GETLIN SNIDERDIRECTOR

BROOKE PETITDIRECTOR

BERNARD J LIDESTRISECRETARY

ANDREW J CHAPMANDIRECTOR

About this charity

Recognized since: January 2009
Location: PO BOX 391, FARMINGTON, CT 06034-0391
County: Hartford
In care of: % BUDWITZ & MEYERJACK PC CPAS
Primary officer: RONALD A BUCCHI, TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(860) 479-1436

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: BUDWITZ & MEYERJACK PC
NTEE classification: Community Foundations (T31)
IRS tax category: Community Foundations
Grant-giving organization: Yes