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Richard S Petty Charitable Foundation

Bhts & Jk Petty Co Ttees

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$49.4k (2022)

Expenses
$46.8k (2022)

Total Assets
$661k (2022)

Total Liabilities
$0 (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$49,370
Expenses
$46,777
Net Income
$2,593
Net Assets
$661,113
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $16,019
32.4%
Sales of Assets $33,351
67.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $38,330
81.9%
Compensation of Officers* $14,893
31.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $661,113
Total Liabilities $0
Net Assets $661,113
Compensation
Key Employees and Officers Compensation Other
Bar Harbor Wealth Management (Trustee) $7,447 $0
Michael Rossney (Trustee) $7,446 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$75,044
Expenses
$92,287
Net Income
-$17,243
Net Assets
$663,204
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $100
0.1%
Interest Revenue $0
Dividends $39,289
52.4%
Sales of Assets $35,655
47.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $73,487
79.6%
Compensation of Officers* $15,923
17.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $663,204
Total Liabilities $0
Net Assets $663,204
Compensation
Key Employees and Officers Compensation Other
Bar Harbor Trust Services (Trustee) $7,962 $0
Michael Rossney (Trustee) $5,531 $0
John Kimball Petty (Trustee) $2,430 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$106,608
Expenses
$81,692
Net Income
$24,916
Net Assets
$682,125
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $17,157
16.1%
Sales of Assets $89,451
83.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $72,860
89.2%
Compensation of Officers* $15,271
18.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $682,126
Total Liabilities $1
Net Assets $682,125
Compensation
Key Employees and Officers Compensation Other
John Kimball Petty (Trustee) $8,263 $0
Bar Harbor Trust Services (Trustee) $7,008 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$38,203
Expenses
$82,761
Net Income
-$44,558
Net Assets
$660,490
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $27,177
71.1%
Sales of Assets $11,026
28.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $73,309
88.6%
Compensation of Officers* $16,074
19.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $660,490
Total Liabilities $0
Net Assets $660,490

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$52,361
Expenses
$84,328
Net Income
-$31,967
Net Assets
$702,995
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $23,233
44.4%
Sales of Assets $29,128
55.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $73,782
87.5%
Compensation of Officers* $17,169
20.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $702,995
Total Liabilities $0
Net Assets $702,995
Compensation
Key Employees and Officers Compensation Other
Bar Harbor Trust Services (Trustee) $8,584 $0
John Kimball Petty (Trustee) $8,584 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$48,411
Expenses
$91,487
Net Income
-$43,076
Net Assets
$737,407
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $24,929
51.5%
Sales of Assets $22,553
46.6%
Other Income $429
0.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $80,916
88.4%
Compensation of Officers* $17,356
19.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $737,407
Total Liabilities $0
Net Assets $737,407
Compensation
Key Employees and Officers Compensation Other
Bar Harbor Trust Services (Trustee) $8,685 $0
John Kimball Petty (Trustee) $8,671 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$20,627
Expenses
$88,441
Net Income
-$67,814
Net Assets
$799,991
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $22,484
> 100%
Sales of Assets -$7,357
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $73,878
83.5%
Compensation of Officers* $17,359
19.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $799,991
Total Liabilities $0
Net Assets $799,991
Compensation
Key Employees and Officers Compensation Other
Bar Harbor Trust Services (Trustee) $8,697 $0
John Kimball Petty (Trustee) $8,662 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$80,147
Expenses
$100,183
Net Income
-$20,036
Net Assets
$866,264
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $21,125
26.4%
Sales of Assets $53,022
66.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $80,349
80.2%
Compensation of Officers* $18,572
18.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $866,264
Total Liabilities $0
Net Assets $866,264

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$115,477
Expenses
$97,462
Net Income
$18,015
Net Assets
$887,373
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $15,104
13.1%
Sales of Assets $94,373
81.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $86,580
88.8%
Compensation of Officers* $11,555
11.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $887,373
Total Liabilities $0
Net Assets $887,373

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$79,107
Expenses
$74,507
Net Income
$4,600
Net Assets
$1,045,845
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $14,205
18.0%
Sales of Assets $58,402
73.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $64,967
87.2%
Compensation of Officers* $11,523
15.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,045,845
Total Liabilities $0
Net Assets $1,045,845

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$32,453
Expenses
$87,661
Net Income
-$55,208
Net Assets
$1,041,244
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $19,231
59.3%
Sales of Assets $7,222
22.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $75,115
85.7%
Compensation of Officers* $11,521
13.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,041,244
Total Liabilities $0
Net Assets $1,041,244

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$56,626
Expenses
$93,785
Net Income
-$37,159
Net Assets
$1,081,861
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $25,041
44.2%
Sales of Assets $26,085
46.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $83,896
89.5%
Compensation of Officers* $11,685
12.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,081,861
Total Liabilities $0
Net Assets $1,081,861

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Types of Nonprofits

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