Civic Intelligence

The Petit Family Foundation Inc

EIN 26-0627813 • 501(c)3 • Plainville, CT

Profile

The petit family foundation honors the memories of jennifer hawke-petit, hayley elizabeth petit, and michaela rose petit by continuing the kindness, idealism and activism that defined their lives. The foundation's funds are given to foster the education of young people, especially women in the sciences; to improve the lives of those affected by chronic illness; and to support efforts to protect and help those affected by violence.

PO Box 310Plainville, CT 06062

www.petitfamilyfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

28th percentile

0.05x

Higher debt load relative to revenue than 28% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

38th percentile

0.1%

Higher net margin than 38% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

59th percentile

7.2%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

92%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,225,585

Up $352,425 (+7.2%) from 2023

Liabilities

Up

$47,383

Up $1,861 (+4.1%) from 2023

Net Assets

Up

$5,178,202

Up $350,564 (+7.3%) from 2023

Revenue

Up

$976,441

Up $468,999 (+92%) from 2023

Expenses

Up

$975,579

Up $2,840 (+0.3%) from 2023

Net Income

Up

$862

Up $466,159 (+100%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $1,424,345Liabilities 2010: $61,882Net Assets 2010: $1,362,4632010Assets 2011: $2,990,835Liabilities 2011: $16,961Net Assets 2011: $2,973,8742011Assets 2012: $3,427,489Liabilities 2012: $98,217Net Assets 2012: $3,329,2722012Assets 2013: $3,751,066Liabilities 2013: $64,473Net Assets 2013: $3,686,5932013Assets 2014: $4,260,282Liabilities 2014: $16,647Net Assets 2014: $4,243,6352014Assets 2015: $4,217,627Liabilities 2015: $127,020Net Assets 2015: $4,090,6072015Assets 2016: $3,977,651Liabilities 2016: $87,453Net Assets 2016: $3,890,1982016Assets 2017: $4,276,607Liabilities 2017: $54,940Net Assets 2017: $4,221,6672017Assets 2018: $4,462,596Liabilities 2018: $55,450Net Assets 2018: $4,407,1462018Assets 2019: $4,464,461Liabilities 2019: $53,734Net Assets 2019: $4,410,7272019Assets 2020: $4,046,487Liabilities 2020: $44,146Net Assets 2020: $4,002,3412020Assets 2021: $5,961,624Liabilities 2021: $66,288Net Assets 2021: $5,895,3362021Assets 2022: $4,809,725Liabilities 2022: $33,641Net Assets 2022: $4,776,0842022Assets 2023: $4,873,160Liabilities 2023: $45,522Net Assets 2023: $4,827,6382023Assets 2024: $5,225,585Liabilities 2024: $47,383Net Assets 2024: $5,178,2022024

Highlighted filing

2024

Assets$5,225,585
Liabilities$47,383
Net Assets$5,178,202

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $133,8342010Expenses 2011: $238,0862011Expenses 2012: $610,4522012Expenses 2013: $428,3532013Revenue 2014: $721,916Expenses 2014: $477,620Net Income 2014: $244,2962014Revenue 2015: $668,038Expenses 2015: $627,285Net Income 2015: $40,7532015Revenue 2016: $550,539Expenses 2016: $689,963Net Income 2016: -$139,4242016Revenue 2017: $652,091Expenses 2017: $629,843Net Income 2017: $22,2482017Revenue 2018: $567,943Expenses 2018: $538,878Net Income 2018: $29,0652018Revenue 2019: $512,592Expenses 2019: $570,246Net Income 2019: -$57,6542019Revenue 2020: $390,061Expenses 2020: $568,115Net Income 2020: -$178,0542020Revenue 2021: $1,546,285Expenses 2021: $715,732Net Income 2021: $830,5532021Revenue 2022: $944,431Expenses 2022: $940,011Net Income 2022: $4,4202022Revenue 2023: $507,442Expenses 2023: $972,739Net Income 2023: -$465,2972023Revenue 2024: $976,441Expenses 2024: $975,579Net Income 2024: $8622024

Highlighted filing

2024

Revenue$976,441
Expenses$975,579
Net Income$862

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.23$0.05$5.18$0.98$0.98$0.00
2023Detailed filing. Detailed filing data is available for this year.$4.87$0.05$4.83$0.51$0.97$0.47
2022Detailed filing. Detailed filing data is available for this year.$4.81$0.03$4.78$0.94$0.94$0.00
2021Detailed filing. Detailed filing data is available for this year.$5.96$0.07$5.90$1.55$0.72$0.83
2020Detailed filing. Detailed filing data is available for this year.$4.05$0.04$4.00$0.39$0.57$0.18
2019Detailed filing. Detailed filing data is available for this year.$4.46$0.05$4.41$0.51$0.57$0.06
2018Detailed filing. Detailed filing data is available for this year.$4.46$0.06$4.41$0.57$0.54$0.03
2017Detailed filing. Detailed filing data is available for this year.$4.28$0.05$4.22$0.65$0.63$0.02
2016Detailed filing. Detailed filing data is available for this year.$3.98$0.09$3.89$0.55$0.69$0.14
2015Detailed filing. Detailed filing data is available for this year.$4.22$0.13$4.09$0.67$0.63$0.04
2014Detailed filing. Detailed filing data is available for this year.$4.26$0.02$4.24$0.72$0.48$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.75$0.06$3.69$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.43$0.10$3.33$0.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.99$0.02$2.97$0.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.06$1.36$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$1,971,834
Mission and Program Overview

Mission

The primary activity is to raise funds to foster the education of young people, especially those in the sciences; to improve the lives of those affected by chronic illnesses and affected by violence. In keeping with its missions, the foundation makes scholarships to needy individuals and makes contributions to charitable and educational institutions.

The petit family foundation honors the memories of jennifer hawke-petit, hayley elizabeth petit, and michaela rose petit by continuing the kindness, idealism and activism that defined their lives. The foundation's funds are given to foster the education of young people, especially women in the sciences; to improve the lives of those affected by chronic illness; and to support efforts to protect and help those affected by violence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,667,862$4,766,957▲ $99,095
Savings and Temporary Cash Investments$120,952$308,750▲ $187,798
Cash and Non-Interest-Bearing Accounts$66,918$129,350▲ $62,432
Accounts Receivable$4,125$2,525▼ $1,600
Land, Buildings, and Equipment, Net$1,636$850▼ $786
Total Assets$4,873,160$5,225,585▲ $352,425
Other Assets Total$11,667$17,153▲ $5,486
Liabilities
Deferred Revenue$37,902$31,665▼ $6,237
Accounts Payable and Accrued Expenses$7,620$15,718▲ $8,098
Total Liabilities$45,522$47,383▲ $1,861
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,073,495$4,210,991▲ $137,496
Net Assets With Donor Restrictions$754,143$967,211▲ $213,068
Total Net Assets Fund Balance$4,827,638$5,178,202▲ $350,564
Total Liabilities and Net Assets / Fund Balance$4,873,160$5,225,585▲ $352,425

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$19,911$19,911
Equipment$850$3,078$3,928
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$306,972
Program Service Revenue
$0
Investment Income
$619,282
Other Revenue
$50,187
All Other Contributions
$265,872
Change in Net Assets
$862
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$774,004
Other Expenses$142,763
Salaries, Compensation, and Employee Benefits$58,812
Total Fundraising Expense$3,351
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$753,004--$753,004
Other Salaries and Wages-$54,148-$54,148
Fees for Service Investment Mgmnt Fees-$43,326-$43,326
Office Expenses-$21,974-$21,974
Grants to Domestic Individuals$21,000--$21,000
Information Technology-$15,764-$15,764
Fees for Services Other-$12,469-$12,469
Occupancy-$6,900-$6,900
Payroll Taxes-$4,664-$4,664
Insurance-$3,624-$3,624
Advertising-$2,388-$2,388
Other Expenses$2,203$2,515$3,351$2,203
Depreciation Depletion-$786-$786
All Other Expenses-$719-$719
Total Functional Expenses$802,951$169,277$3,351$975,579
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Donations to Public CharitiesWoodbridge, CT3Programs$160,144
Space FoundationTorrington, CT3Programs$50,000
Prudence Crandall CenterNew London, CT3Programs$35,000
Injury Prevention CenterStamford, CT3Programs$30,309
Uconn Foundation IncBridgeport, CT3Programs$23,000
Interval House IncNaugatuck, CT3Programs$18,118
Camp Courant IncHartford, CT3Programs$16,500
Connecticut Beardsley ZooBridgeport, CT3Programs$15,000
Homes for the Brave AppliedSouth Windham, CT3Programs$12,000
Ct Alliance for Victims of ViolenceWest Hartford, CT3Programs$11,400
Jane Doe No MoreNew Haven, CT3Programs$10,670
Safe Futures IncNewtown, CT3Programs$10,250
Connecticut Science CenterHartford, CT3Programs$10,076
Circle of Care for Families ofWilton, CT3Programs$10,000
Ct Coalition Against DomesticGlastonbury, CT3Programs$10,000
Ct Invention Convention IncHartford, CT3Programs$10,000
Experiential Stem CompanyNorth Haven, CT3Programs$10,000
Feeding Families Foundation IncHartford, CT3Programs$10,000
Hartford Promise IncBridgeport, CT3Programs$10,000
Malta House of Care IncHartford, CT3Programs$10,000
Network Against Domestic Abuse IncNew Britain, CT3Programs$10,000
Susan B Anthony ProjectHartford, CT3Programs$10,000
Wakeman Boys and Girls Club CorpHartford, CT3Programs$10,000
Ywca Hartford Region IncGreenwich, CT3Programs$10,000
Domestic Violence Crisis CenterStamford, CT3Programs$9,000
Greater New Britain Teen PregnancyWallingford, CT3Programs$9,000
Leaps of Faith Water Ski ClubHuntington, CT3Programs$9,000
The Rowan CenterHartford, CT3Programs$9,000
Young Mens Christian Association--Programs$9,000
Gus Robotics Team IncFarmington, CT3Programs$8,961
The Jordan Porco FoundationStamford, CT3Programs$8,876
THE DENISE D'ASCENZO FOUNDATIONWethersfield, CT3Programs$8,700
Horizons IncHartford, CT3Programs$8,000
Leadership Education & AthleticsSandy Hook, CT3Programs$8,000
Mceivr IncMeriden, CT3Programs$8,000
Sandy Hook Promise FoundationColorado Springs, CO3Programs$8,000
Als Association Connecticut ChapterMilford, CT3Programs$7,500
Big Brothers Big Sisters ofHartford, CT3Programs$7,500
Bridgeport Hospital Reach ProgramBridgeport, CT3Programs$7,500
Girls Inc of the ValleyNew Britain, CT3Programs$7,500
Inspirica IncHartford, CT3Programs$7,500
Livfree IncNorwich, CT3Programs$7,500
Madonna PlaceHartford, CT3Programs$7,500
THE CHILDREN'S LAW CENTER OF CTNew Haven, CT3Programs$7,500
'R KIDS FAMILY CENTERNew Haven, CT3Programs$7,000
Connecticut Breast HealthNew Britain, CT3Programs$7,000
Connectikids IncHartford, CT3Programs$7,000
Consolidated School District of NbNew Britain, CT3Programs$7,000
Girl Scouts of Connecticut IncHolyoke, MA3Programs$7,000
Meriden-new Britain-berlin YmcaMystic, CT3Programs$7,000
Ccarc IncNew Britain, CT3Programs$6,000
Cove Center for GrievingMeriden, CT3Programs$6,000
Mystic AquariumEnfield, CT3Programs$6,000
The Village for Families & ChildrenStorrs, CT3Programs$6,000
Boys & Girls Club and Family CenterBristol, CT3Programs$5,500
Ct Stem AcademyWallingford, CT3Programs$5,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$171,912
Fundraising Direct Expenses$125,040
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$116,020$74,920$30,755$44,165
Road Race$57,942$57,942$24,907$33,035
Total Events$208,747$167,647$122,540$45,107
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

William a. Petit, jr. William a. Petit, sr. President director family relationship ronald a. Bucchi richard a. Bucchi treasurer director family relationship tara a. Bucchi director faimly relationship johanna petit chapman vice pres, family relationship joseph ierna jayme ierna director director family relationship glenn f. Petit director family relationship

Form 990, Page 6, Part VI, Line 11B

The copy of this return was reviewed by the treasurer and the president before it was filed with the internal revenue service. All members of the board of directors receive a copy of the form 990 for their review.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy and disclosure forms are distributed at the annual board of directors meeting which is held during the first quarter of the new calendar year. The forms are reviewed and signed by the board members at the meeting. Any board members not attending the meeting receive the forms via email and are mailed back to the foundation's office as soon as possible.

Form 990, Page 6, Part VI, Line 19

The governing documents are available upon request of the public.

Filing and Contact Details

Filer

Filer Name
The Petit Family Foundation Inc
EIN
26-0627813
Phone
8604791436
Address
PO BOX 310, PLAINVILLE, CT 06062

Signing Officer

Name
Ronald a Bucchi
Title
Treasurer
Phone
8604791436
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William a Petit Jr
Formed
2007
Legal Domicile
Ct
Voting Board Members
21
Independent Board Members
21
Employees
2
Volunteers
200

Preparer

Firm
Budwitz & Meyerjack Pc
Address
322 MAIN ST, FARMINGTON, CT 06032
Preparer
Jessica L Bragg CPA
Phone
8606774697
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The petit family foundation honors the memories of jennifer hawke-petit, hayley elizabeth petit, and michaela rose petit by continuing the kindness, idealism and activism that defined their lives. The foundation's funds are given to foster the education of young people, especially women in the sciences; to improve the lives of those affected by chronic illness; and to support efforts to protect and help those affected by violence.

Form 990, Page 2, Part III, Line 4C

The foundation sells various merchandise including four o'clock flower seeds. The sale of the flower seeds is part of michaela's garden project, which was designed to encourage area families and youth to become more involved in community service. Each year the four oclocks have been re- planted from harvested seeds. The seeds from these plants were harvested, packed and are being sold in specially designed packs of 25 seeds. The other merchandise sold are shirts, jackets, hats, blankets, luminaries, totes and bags, decals, wristbands, charms, and pins. The funds raised through the selling of these products are disbursed to organizations and individuals to help foster the education of young people, especially women in the sciences; to improve the lives of those affected by chronic illnesses; and to support efforts to protect and help those affected by violence.

Form 990, Part XI, Line 9

Unrealized gain/loss on investment 349,702

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IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM A PETIT JR
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHANNA PETIT CHAPMAN
IRS990/Form990PartVIISectionAGrp/PersonNm2RONALD A BUCCHI
IRS990/Form990PartVIISectionAGrp/PersonNm3BERNARD J LIDESTRI
IRS990/Form990PartVIISectionAGrp/PersonNm4JOSEPH O IERNA
IRS990/Form990PartVIISectionAGrp/PersonNm5RICHARD A BUCCHI
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHAEL R CHAMBRELLO
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN F ST PIERRE
IRS990/Form990PartVIISectionAGrp/PersonNm8AM PORTIA CORBETT
IRS990/Form990PartVIISectionAGrp/PersonNm9MARK A THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm10M BURCH TRACY FORD
IRS990/Form990PartVIISectionAGrp/PersonNm11JAMES J RITCHIE
IRS990/Form990PartVIISectionAGrp/PersonNm12JAYME V IERNA
IRS990/Form990PartVIISectionAGrp/PersonNm13GARRETT GETLIN SNIDER
IRS990/Form990PartVIISectionAGrp/PersonNm14GLENN F PETIT
IRS990/Form990PartVIISectionAGrp/PersonNm15WILLIAM A PETIT SR
IRS990/Form990PartVIISectionAGrp/PersonNm16MAGDALENA G JOHNDROW
IRS990/Form990PartVIISectionAGrp/PersonNm17TARA A BUCCHI
IRS990/Form990PartVIISectionAGrp/PersonNm18KATE TERRICCIANO
IRS990/Form990PartVIISectionAGrp/PersonNm19R JAMES WASZ
IRS990/Form990PartVIISectionAGrp/PersonNm20SANFORD CLOUD JR ESQ
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4EMERITUS
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IRS990/Form990PartVIISectionAGrp/TitleTxt10EMERITUS
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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IRS990/MissionDesc0THE PETIT FAMILY FOUNDATION HONORS THE MEMORIES OF JENNIFER HAWKE-PETIT, HAYLEY ELIZABETH PETIT, AND MICHAELA ROSE PETIT BY CONTINUING THE KINDNESS, IDEALISM AND ACTIVISM THAT DEFINED THEIR LIVES. THE FOUNDATION'S FUNDS ARE GIVEN TO FOSTER THE EDUCATION OF YOUNG PEOPLE, ESPECIALLY WOMEN IN THE SCIENCES; TO IMPROVE THE LIVES OF THOSE AFFECTED BY CHRONIC ILLNESS; AND TO SUPPORT EFFORTS TO PROTECT AND HELP THOSE AFFECTED BY VIOLENCE.
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE FOUNDATION SELLS VARIOUS MERCHANDISE INCLUDING FOUR O'CLOCK FLOWER SEEDS. THE SALE OF THE FLOWER SEEDS IS PART OF MICHAELA'S GARDEN PROJECT, WHICH WAS DESIGNED TO ENCOURAGE AREA FAMILIES AND YOUTH TO BECOME MORE INVOLVED IN COMMUNITY SERVICE. EACH YEAR THE FOUR OCLOCKS HAVE BEEN RE- PLANTED FROM HARVESTED SEEDS. THE SEEDS FROM THESE PLANTS WERE HARVESTED, PACKED AND ARE BEING SOLD IN SPECIALLY DESIGNED PACKS OF 25 SEEDS. THE OTHER MERCHANDISE SOLD ARE SHIRTS, JACKETS, HATS, BLANKETS, LUMINARIES, TOTES AND BAGS, DECALS, WRISTBANDS, CHARMS, AND PINS. THE FUNDS RAISED THROUGH THE SELLING OF THESE PRODUCTS ARE DISBURSED TO ORGANIZATIONS AND INDIVIDUALS TO HELP FOSTER THE EDUCATION OF YOUNG PEOPLE, ESPECIALLY WOMEN IN THE SCIENCES; TO IMPROVE THE LIVES OF THOSE AFFECTED BY CHRONIC ILLNESSES; AND TO SUPPORT EFFORTS TO PROTECT AND HELP THOSE AFFECTED BY VIOLENCE.
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