Overview
What is The Petit Family Foundation Inc?
The Petit Family Foundation Inc, based in P.O. Box 310, Plainville, Connecticut, is a compassionate organization that honors the legacy of Jennifer Hawke-Petit, Hayley Elizabeth Petit, and Michaela Rose Petit. Established with a mission to carry forward their kindness, idealism, and activism, this nonprofit provides contributions to charitable and educational institutions. Its primary focus is on fostering the education of young people, especially women in the sciences, aiming to inspire future generations in this field. Additionally, the foundation extends its support to individuals affected by chronic illnesses, seeking to improve their lives through various means. Lastly, it is committed to supporting efforts to protect and aid those impacted by violence, reflecting the foundation's dedication to promoting well-being and safety in communities. With a small team of just two employees, The Petit Family Foundation Inc continues to touch lives and honor the memory of the Petit sisters.
Official website here: www.petitfamilyfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Petit Family Foundation Inc has received an 88% rating from Charity Navigator, indicating a strong level of accountability and financial stability. The score is derived entirely from its Accountability & Finance metrics, where the organization scored well in various categories, such as having a fully independent board and no material diversion of assets. However, the foundation did receive points deducted for missing policies related to whistleblowing and document retention.
User feedback praises the foundation for its impactful mission, particularly in honoring the legacy of the Petit Family women. A reviewer highlighted the board's excellent decision-making regarding grants and allocations, reflecting a positive view of how funds are utilized. This commendation emphasizes the foundation's dedication to making a meaningful difference despite the tragic history it seeks to address.
While the foundation's strong performance in financial management and strategic oversight is notable, the absence of certain governance policies could be seen as an area for improvement. Overall, the Petit Family Foundation Inc demonstrates a commitment to its cause and a solid financial foundation, although further strengthening of its governance practices may enhance its credibility.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The Petit Family Foundation Inc legitimate?
The Petit Family Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Petit Family Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,958
For more financial information, click here
Official website here: www.petitfamilyfoundation.org
What is the mission statement of The Petit Family Foundation Inc?
The Petit Family Foundation honors the memories of Jennifer Hawke-Petit, Hayley Elizabeth Petit, and Michaela Rose Petit by carrying forward their kindness, idealism, and activism. The foundation's primary focus is to support the education of young individuals, particularly women in the sciences. Additionally, it aims to enhance the lives of those affected by chronic illness and contributes to efforts aimed at protecting and assisting those impacted by violence.
Official website here: www.petitfamilyfoundation.org
Who is the CEO of The Petit Family Foundation Inc?
William A Petit Jr is the President of The Petit Family Foundation Inc.
Official website here: www.petitfamilyfoundation.org
What is the revenue of The Petit Family Foundation Inc?
The Petit Family Foundation Inc's revenue in 2022 was $944,431.
Official website here: www.petitfamilyfoundation.org
Who are the executives of The Petit Family Foundation Inc and what are their salaries?
The average compensation at The Petit Family Foundation Inc during 2022 was $27,479. There are 2 employees and 187 volunteers at The Petit Family Foundation Inc.
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Official website here: www.petitfamilyfoundation.org
Where can I find the form 990 for The Petit Family Foundation Inc?
The Petit Family Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.petitfamilyfoundation.org
Learn more at the official website: www.petitfamilyfoundation.org
Mission Statement of The Petit Family Foundation Inc
The Petit Family Foundation, in honor of Jennifer Hawke-Petit, Hayley Elizabeth Petit, and Michaela Rose Petit, continues the kindness, idealism, and activism that defined their lives. The foundation dedicates its funds to several causes, one of which is fostering the education of young people, particularly women in the sciences. By investing in their education, the foundation aims to empower future generations and encourage their involvement in scientific fields.
Beyond education, The Petit Family Foundation also seeks to improve the lives of individuals affected by chronic illness. The organization recognizes the challenges and hardships that chronic illness can bring and provides support to help those affected. This could be in the form of financial aid, resources, or advocacy, ensuring that individuals with chronic illnesses have the necessary assistance to live fulfilling lives.
Lastly, The Petit Family Foundation is committed to supporting efforts to protect and help those affected by violence. This could include funding initiatives that provide safety and support to victims of violence or advocating for policies and programs that prioritize their well-being. By addressing violence, the foundation aims to create a safer and more equitable society for all. In all its activities, The Petit Family Foundation honors the legacy of the Petit sisters by continuing their spirit of kindness, idealism, and activism.
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Impact
October, 2024
The Petit Family Foundation Inc significantly impacts the community by channeling funds into initiatives that honor the memory of Jennifer Hawke-Petit and her daughters, Hayley and Michaela. By fostering education for young people, particularly women in the sciences, the foundation empowers the next generation to pursue careers in vital fields, promoting gender equality and innovation.
Additionally, it improves the lives of individuals grappling with chronic illnesses, offering support and resources that enhance their well-being. The foundation also plays a critical role in advocating for those affected by violence, providing assistance to help them rebuild their lives. Through its multifaceted approach, the foundation embodies the kindness, idealism, and activism that characterized the lives it seeks to honor.
This information is meant to be a general summary of The Petit Family Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $378,693
- Gross Receipts: $2,313,790
Assets and Liabilities:
- Total Assets: $4,809,725
- Total Liabilities: $33,641
- Net Assets: $4,776,084
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Organization Details
Founding Year
2007
Phone
(860) 479-1436Principal Officer
William A Petit Jr
Main Address
PO BOX 310, PLAINVILLE, CT, 06062
NTEE Category
Code: T31 - Philanthropy
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