Grits Foundation

Houston, TX
Tax-exempt since March 1997
EIN: 31-1505617

Receive an email when new data is available for this organization.

Type of Nonprofit

Designated as a 501(c)(3) 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.

Revenue

$198k (2024)

Expenses

$335k (2024)

Total Assets

$3.96M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Revenue

$197,561

Expenses

$335,091

Net Income

-$137,530

Net Assets

$3,963,280

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$223	0.1%
Dividends	$113,144	57.3%
Sales of Assets	$84,194	42.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$332,084	99.1%
Compensation of Officers*	$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	$3,963,280
Total Liabilities	$0
Net Assets	$3,963,280

Compensation

Key Employees and Officers	Compensation	Other
John T Peterkin (President)	$0	$0
George A Peterkin Iii (V P, Director)	$0	$0
Susan Peterkin Hey (Vice President)	$0	$0
Lynn Peterkin (Treasurer)	$0	$0
Kate F Peterkin (Secretary)	$0	$0

+ View more people

990-PF

Filed on May 13, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$175,203

Expenses

$297,708

Net Income

-$122,505

Net Assets

$4,100,067

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$150	0.1%
Dividends	$111,967	63.9%
Sales of Assets	$63,086	36.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$292,074	98.1%
Compensation of Officers*	$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	$4,100,067
Total Liabilities	$0
Net Assets	$4,100,067

Compensation

Key Employees and Officers	Compensation	Other
John T Peterkin (President)	$0	$0
George A Peterkin Iii (V P, Director)	$0	$0
Susan Peterkin Hey (Sec., Dir.)	$0	$0
Lynn Peterkin (Director)	$0	$0

+ View more people

990-PF

Filed on March 21, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$77,943

Expenses

$260,143

Net Income

-$182,200

Net Assets

$4,217,244

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$82,386	> 100%
Sales of Assets	-$4,443
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$252,428	97.0%
Compensation of Officers*	$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	$4,217,244
Total Liabilities	$0
Net Assets	$4,217,244

Compensation

Key Employees and Officers	Compensation	Other
John T Peterkin (President)	$0	$0
George A Peterkin Iii (V P, Director)	$0	$0
Susan Peterkin Hey (Sec., Dir.)	$0	$0
Lynn Peterkin (Director)	$0	$0

+ View more people

990-PF

Filed on May 19, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$2,343,736

Expenses

$311,008

Net Income

$2,032,728

Net Assets

$4,388,303

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,841,127	78.6%
Interest Revenue	$0
Dividends	$64,598	2.8%
Sales of Assets	$438,011	18.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$301,996	97.1%
Compensation of Officers*	$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	$4,388,303
Total Liabilities	$0
Net Assets	$4,388,303

Compensation

Key Employees and Officers	Compensation	Other
John T Peterkin (President)	$0	$0
George A Peterkin Iii (V P, Director)	$0	$0
Susan Peterkin Hey (Sec., Dir.)	$0	$0
Lynn Peterkin (Director)	$0	$0

+ View more people

990-PF

Filed on Nov. 8, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$284,807

Expenses

$223,192

Net Income

$61,615

Net Assets

$2,691,870

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$49,344	17.3%
Sales of Assets	$235,463	82.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$213,875	95.8%
Compensation of Officers*	$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	$2,691,871
Total Liabilities	$1
Net Assets	$2,691,870

Compensation

Key Employees and Officers	Compensation	Other
Nancy G Peterkin (Director)	$0	$0
John T Peterkin (President)	$0	$0
George A Peterkin Iii (V P, Director)	$0	$0
Susan Peterkin Hey (Sec., Dir.)	$0	$0
Lynn Peterkin (Director)	$0	$0

+ View more people

990-PF

Filed on Aug. 19, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$311,724

Expenses

$238,487

Net Income

$73,237

Net Assets

$2,628,927

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$64,626	20.7%
Sales of Assets	$234,951	75.4%
Other Income	$12,147	3.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$222,683	93.4%
Compensation of Officers*	$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	$2,628,928
Total Liabilities	$1
Net Assets	$2,628,927

Compensation

Key Employees and Officers	Compensation	Other
Nancy G Peterkin (V P, Dir)	$0	$0
John T Peterkin (President)	$0	$0
George A Peterkin Iii (Director)	$0	$0
Susan Peterkin Hey (Sec., Dir.)	$0	$0
Lynn Peterkin (Director)	$0	$0

+ View more people

990-PF

Filed on Aug. 12, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$648,095

Expenses

$249,189

Net Income

$398,906

Net Assets

$2,552,850

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$80,747	12.5%
Sales of Assets	$565,248	87.2%
Other Income	$2,100	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$234,750	94.2%
Compensation of Officers*	$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	$2,552,850
Total Liabilities	$0
Net Assets	$2,552,850

Compensation

Key Employees and Officers	Compensation	Other
Nancy G Peterkin (V P, Dir)	$0	$0
John T Peterkin (President)	$0	$0
George A Peterkin Iii (Director)	$0	$0
Susan Peterkin Hey (Sec., Dir.)	$0	$0
Lynn Peterkin (Director)	$0	$0

+ View more people

990-PF

Filed on April 29, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$439,832

Expenses

$206,150

Net Income

$233,682

Net Assets

$2,156,455

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$99,230	22.6%
Sales of Assets	$340,602	77.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$204,531	99.2%
Compensation of Officers*	$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	$2,156,455
Total Liabilities	$0
Net Assets	$2,156,455

Compensation

Key Employees and Officers	Compensation	Other
Nancy G Peterkin (V P, Dir)	$0	$0
John T Peterkin (President)	$0	$0
George A Peterkin Iii (Director)	$0	$0
Susan Peterkin Hey (Sec., Dir.)	$0	$0
Lynn Peterkin (Director)	$0	$0

+ View more people

990-PF

Filed on May 10, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$130,394

Expenses

$193,503

Net Income

-$63,109

Net Assets

$1,949,561

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$130,394	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$190,164	98.3%
Compensation of Officers*	$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	$1,949,561
Total Liabilities	$0
Net Assets	$1,949,561

Compensation

Key Employees and Officers	Compensation	Other
Nancy G Peterkin (V P, Dir)	$0	$0
John T Peterkin (President)	$0	$0
George A Peterkin Iii (Director)	$0	$0
Susan Peterkin Hey (Sec., Dir.)	$0	$0
Lynn Peterkin (Director)	$0	$0

+ View more people

990-PF

Filed on Sept. 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$129,681

Expenses

$248,623

Net Income

-$118,942

Net Assets

$1,918,336

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$36,130	27.9%
Interest Revenue	$0
Dividends	$93,551	72.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$237,950	95.7%
Compensation of Officers*	$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	$1,918,336
Total Liabilities	$0
Net Assets	$1,918,336

Compensation

Key Employees and Officers	Compensation	Other
George A Peterkin Jr (Pres, Dir)	$0	$0
Nancy G Peterkin (V P, Sec, Dir)	$0	$0
John T Peterkin (Treas, Dir)	$0	$0
George A Peterkin Iii (Director)	$0	$0
Susan Peterkin Hey (Director)	$0	$0
Lynn Peterkin (Director)	$0	$0

+ View more people

990-PF

Filed on Aug. 3, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$243,075

Expenses

$308,698

Net Income

-$65,623

Net Assets

$2,031,056

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$137,134	56.4%
Interest Revenue	$0
Dividends	$105,941	43.6%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$305,500	99.0%
Compensation of Officers*	$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	$2,031,056
Total Liabilities	$0
Net Assets	$2,031,056

Compensation

Key Employees and Officers	Compensation	Other
George A Peterkin Jr (Pres, Dir)	$0	$0
Nancy G Peterkin (V P, Sec, Dir)	$0	$0
John T Peterkin (Treas, Dir)	$0	$0
George A Peterkin Iii (Director)	$0	$0
Susan Peterkin Hey (Director)	$0	$0
Lynn Peterkin (Director)	$0	$0

+ View more people

990-PF

Filed on Aug. 28, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$193,646

Expenses

$234,170

Net Income

-$40,524

Net Assets

$1,637,394

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$66,969	34.6%
Interest Revenue	$0
Dividends	$126,677	65.4%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$230,000	98.2%
Compensation of Officers*	$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	$1,637,394
Total Liabilities	$0
Net Assets	$1,637,394

Compensation

Key Employees and Officers	Compensation	Other
George A Peterkin Jr (Pres, Dir)	$0	$0
Nancy G Peterkin (V P, Sec, Dir)	$0	$0
John T Peterkin (Treas, Dir)	$0	$0
George A Peterkin Iii (Director)	$0	$0
Susan Peterkin Hey (Director)	$0	$0
Lynn Peterkin (Director)	$0	$0

+ View more people

990-PF

Filed on July 28, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$156,166

Expenses

$201,893

Net Income

-$45,727

Net Assets

$1,744,006

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$49,992	32.0%
Interest Revenue	$0
Dividends	$106,174	68.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$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	$1,744,007
Total Liabilities	$1
Net Assets	$1,744,006

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$284,824

Expenses

$196,089

Net Income

$88,735

Net Assets

$1,860,445

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$62,019	21.8%
Interest Revenue	$0
Dividends	$131,598	46.2%
Sales of Assets	$0
Other Income	$91,207	32.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$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	$1,860,446
Total Liabilities	$1
Net Assets	$1,860,445

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.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated January 26, 2026

Grits Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $198k (2024)

Expenses $335k (2024)

Total Assets $3.96M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$198k (2024)

Expenses

$335k (2024)

Total Assets

$3.96M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001