THE SARAH MICHELLE PETERSON FOUNDATION

EIN: 471041065 501(c)(3) Philanthropy & Grantmaking

NORFOLK, VA

Total Revenue
$175,954
Total Expenses
$185,427
Total Assets
$14,081
Net Assets
$14,081
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
VA
Principal Officer
MICHELLE PETERSON
Phone
5713305337
Tax Period
2024-01-01 to 2024-12-31

THE SARAH MICHELLE PETERSON FOUNDATION, founded in 2014, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $41K in total revenue in fiscal year 2019.

Mission

THE FOUNDATION ENVISIONS A WORLD WITHOUT SUICIDE. OUR MISSION IS SAVING LIVES BY PROVIDING DEPRESSION AND SUICIDE PREVENTION AWARENESS PROGRAMS AND RESOURCES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $171,219
Program Service Revenue $4,981
Investment Income $-246
Other Revenue $0
TOTAL REVENUE $175,954

Expense Breakdown

Grants Paid $0
Salaries & Benefits $150,768
Fundraising Expenses $9,279
Program Expenses $159,052
Other Expenses $34,659
TOTAL EXPENSES $185,427

Year-over-Year Comparison

2024 2023 Change
Revenue $175,954 $145,045 +0.2%
Expenses $185,427 $168,827 +0.1%
Net Income $-9,473 $-23,782 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
2
Volunteers
23

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$67,029
Total Directors
9
$67,029
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANKLIN HUDGINS PRESIDENT 1.00
Officer Director
$0 $0 $0
ERIC PETERSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
PAULA COOK TREASURER 1.00
Officer Director
$0 $0 $0
MARY PLUNKETT SECRETARY 1.00
Officer Director
$0 $0 $0
CARL ST REMY DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE PETERSON EXECUTIVE DIRECTOR 40.00
Officer Director
$67,029 $0 $67,029
BENJAMIN WILLIS DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH PARKER DIRECTOR 1.00
Director
$0 $0 $0
REBECCA PALASEK DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $175,954 $185,427 $14,081 $-9,473
2023 $145,045 $168,827 $23,554 $-23,782
2022 $92,247 $103,676 $47,336 $-11,429
2021 $81,481 $60,626 $58,765 $20,855
2020 $75,188 $47,752 $37,910 $27,436
2019 $41,089 $44,872 $10,474 $-3,783
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