Pettit Family Charitable Foundation

Gaithersburg, MD
Tax-exempt since Jan. 1990
EIN: 52-1646923

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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.

Donations to this organization are tax deductible.

Revenue

$393k (2024)

Expenses

$310k (2024)

Total Assets

$5.38M (2024)

Total Liabilities

$81 (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

$393,141

Expenses

$309,593

Net Income

$83,548

Net Assets

$5,377,836

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$22,329	5.7%
Dividends	$285,790	72.7%
Sales of Assets	$85,022	21.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$260,140	84.0%
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	$5,377,917
Total Liabilities	$81
Net Assets	$5,377,836

Compensation

Key Employees and Officers	Compensation	Other
Richard B Pettit (Manager)	$0	$0
John Stephen Pettit (Trustee)	$0	$0
Carol Ann Pettit Fahrner (Trustee)	$0	$0
Barbara Lynn Kelly (Manager)	$0	$0
Jeanne Marie Pettit (Manager)	$0	$0

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990-PF

Filed on May 9, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$285,009

Expenses

$306,188

Net Income

-$21,179

Net Assets

$5,294,288

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$24,907	8.7%
Dividends	$213,831	75.0%
Sales of Assets	$46,271	16.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$260,200	85.0%
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	$5,294,288
Total Liabilities	$0
Net Assets	$5,294,288

Compensation

Key Employees and Officers	Compensation	Other
Richard B Pettit (Manager)	$0	$0
John Stephen Pettit (Trustee)	$0	$0
Carol Ann Pettit Fahrner (Trustee)	$0	$0
Barbara Lynn Kelly (Manager)	$0	$0
Jeanne Marie Pettit (Manager)	$0	$0

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990-PF

Filed on May 30, 2024

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

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PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$283,932

Expenses

$302,608

Net Income

-$18,676

Net Assets

$5,315,467

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12,974	4.6%
Dividends	$191,983	67.6%
Sales of Assets	$78,975	27.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$257,100	85.0%
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	$5,316,142
Total Liabilities	$675
Net Assets	$5,315,467

Compensation

Key Employees and Officers	Compensation	Other
Richard B Pettit (Manager)	$0	$0
John Stephen Pettit (Trustee)	$0	$0
Carol Ann Pettit Fahrner (Trustee)	$0	$0
Barbara Lynn Kelly (Manager)	$0	$0
Jeanne Marie Pettit (Manager)	$0	$0

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990-PF

Filed on May 10, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$232,111

Expenses

$308,589

Net Income

-$76,478

Net Assets

$5,334,143

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7,182	3.1%
Dividends	$179,428	77.3%
Sales of Assets	$42,458	18.3%
Other Income	$3,043	1.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$261,000	84.6%
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	$5,334,143
Total Liabilities	$0
Net Assets	$5,334,143

Compensation

Key Employees and Officers	Compensation	Other
Richard B Pettit (Manager)	$0	$0
John Stephen Pettit (Trustee)	$0	$0
Carol Ann Pettit Fahrner (Trustee)	$0	$0
Barbara Lynn Kelly (Manager)	$0	$0
Jeanne Marie Pettit (Manager)	$0	$0

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990-PF

Filed on May 16, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$191,130

Expenses

$285,264

Net Income

-$94,134

Net Assets

$5,410,620

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12,231	6.4%
Dividends	$153,262	80.2%
Sales of Assets	$25,637	13.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$239,600	84.0%
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	$5,410,621
Total Liabilities	$1
Net Assets	$5,410,620

Compensation

Key Employees and Officers	Compensation	Other
Richard B Pettit (Manager)	$0	$0
John Stephen Pettit (Trustee)	$0	$0
Carol Ann Pettit Fahrner (Trustee)	$0	$0
Barbara Lynn Kelly (Manager)	$0	$0
Jeanne Marie Pettit (Manager)	$0	$0

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990-PF

Filed on June 16, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$293,528

Expenses

$316,852

Net Income

-$23,324

Net Assets

$5,504,754

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$16,517	5.6%
Dividends	$215,892	73.6%
Sales of Assets	$55,768	19.0%
Other Income	$5,351	1.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$269,025	84.9%
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	$5,504,755
Total Liabilities	$1
Net Assets	$5,504,754

Compensation

Key Employees and Officers	Compensation	Other
Richard B Pettit (Manager)	$0	$0
John Stephen Pettit (Trustee)	$0	$0
Carol Ann Pettit Fahrner (Trustee)	$0	$0
Barbara Lynn Kelly (Manager)	$0	$0
Jeanne Marie Pettit (Manager)	$0	$0

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990-PF

Filed on May 26, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$97,117

Expenses

$340,847

Net Income

-$243,730

Net Assets

$5,528,079

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12,371	12.7%
Dividends	$190,521	> 100%
Sales of Assets	-$138,839
Other Income	$33,064	34.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$291,000	85.4%
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	$5,528,079
Total Liabilities	$0
Net Assets	$5,528,079

Compensation

Key Employees and Officers	Compensation	Other
Richard B Pettit (Trustee)	$0	$0
John Stephen Pettit (Manager)	$0	$0
Carol Ann Pettit Fahrner (Trustee)	$0	$0
Barbara Lynn Kelly (Manager)	$0	$0
Jeanne Marie Pettit (Manager)	$0	$0

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990-PF

Filed on May 29, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$284,953

Expenses

$307,015

Net Income

-$22,062

Net Assets

$5,771,809

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13,906	4.9%
Dividends	$194,289	68.2%
Sales of Assets	$20,178	7.1%
Other Income	$56,580	19.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$252,570	82.3%
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	$5,772,754
Total Liabilities	$945
Net Assets	$5,771,809

Compensation

Key Employees and Officers	Compensation	Other
Richard B Pettit (Trustee)	$0	$0
John Stephen Pettit (Manager)	$0	$0
Carol Ann Pettit Fahrner (Trustee)	$0	$0
Barbara Lynn Kelly (Manager)	$0	$0
Jeanne Marie Pettit (Manager)	$0	$0

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990-PF

Filed on June 7, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$383,281

Expenses

$352,496

Net Income

$30,785

Net Assets

$5,793,871

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$21,670	5.7%
Dividends	$178,892	46.7%
Sales of Assets	$165,096	43.1%
Other Income	$17,623	4.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$304,750	86.5%
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	$5,793,871
Total Liabilities	$0
Net Assets	$5,793,871

Compensation

Key Employees and Officers	Compensation	Other
Richard B Pettit (Trustee)	$0	$0
John Stephen Pettit (Manager)	$0	$0
Carol Ann Pettit Fahrner (Trustee)	$0	$0
Barbara Lynn Kelly (Manager)	$0	$0
Jeanne Marie Pettit (Manager)	$0	$0

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990-PF

Filed on June 13, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$392,213

Expenses

$349,124

Net Income

$43,089

Net Assets

$5,763,086

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$16,636	4.2%
Dividends	$228,389	58.2%
Sales of Assets	$94,542	24.1%
Other Income	$52,646	13.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$294,000	84.2%
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	$5,763,086
Total Liabilities	$0
Net Assets	$5,763,086

Compensation

Key Employees and Officers	Compensation	Other
Richard B Pettit (Trustee)	$0	$0
John Stephen Pettit (Manager)	$0	$0
Carol Ann Pettit (Trustee)	$0	$0
Barbara Lynn Pettit (Manager)	$0	$0
Jeanne Marie Pettit (Manager)	$0	$0

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990-PF

Filed on Aug. 15, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$683,550

Expenses

$312,386

Net Income

$371,164

Net Assets

$5,719,997

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13,716	2.0%
Dividends	$240,007	35.1%
Sales of Assets	$417,117	61.0%
Other Income	$12,710	1.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$246,300	78.8%
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	$5,725,424
Total Liabilities	$5,427
Net Assets	$5,719,997

Compensation

Key Employees and Officers	Compensation	Other
Richard B Pettit (Trustee)	$0	$0
John Stephen Pettit (Manager)	$0	$0
Carol Ann Pettit (Trustee)	$0	$0
Barbara Lynn Pettit (Manager)	$0	$0
Jeanne Marie Pettit (Manager)	$0	$0

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990-PF

Filed on Aug. 3, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$519,860

Expenses

$302,923

Net Income

$216,937

Net Assets

$5,348,833

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$123,716	23.8%
Interest Revenue	$21,441	4.1%
Dividends	$202,574	39.0%
Sales of Assets	$146,872	28.3%
Other Income	$25,257	4.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$247,200	81.6%
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	$5,351,406
Total Liabilities	$2,573
Net Assets	$5,348,833

Compensation

Key Employees and Officers	Compensation	Other
Richard B Pettit (Trustee)	$0	$0
John Stephen Pettit (Manager)	$0	$0
Carol Ann Pettit (Trustee)	$0	$0
Barbara Lynn Pettit (Manager)	$0	$0
Jeanne Marie Pettit (Manager)	$0	$0

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990-PF

Filed on May 12, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$372,818

Expenses

$246,097

Net Income

$126,721

Net Assets

$5,131,896

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$123,716	33.2%
Interest Revenue	$33,263	8.9%
Dividends	$180,210	48.3%
Sales of Assets	$35,629	9.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$197,550	80.3%
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	$5,133,139
Total Liabilities	$1,243
Net Assets	$5,131,896

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$444,293

Expenses

$264,323

Net Income

$179,970

Net Assets

$5,005,175

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$123,716	27.8%
Interest Revenue	$40,093	9.0%
Dividends	$153,949	34.7%
Sales of Assets	$126,272	28.4%
Other Income	$263	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$212,450	80.4%
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	$5,005,175
Total Liabilities	$0
Net Assets	$5,005,175

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

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Pettit Family Charitable Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $393k (2024)

Expenses $310k (2024)

Total Assets $5.38M (2024)

Total Liabilities $81 (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

$393k (2024)

Expenses

$310k (2024)

Total Assets

$5.38M (2024)

Total Liabilities

$81 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

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2021

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2020

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2019

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2017

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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

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