Nonprofit · EIN 26-2881707
PETRA FOUNDATION INC
Tax-exempt · COVINGTON, GA 30015
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $72,889 | $87,921 | -$15,032 | $16,648 | – | $16,648 |
| December 31, 2023 | 990-EZ | $144,885 | $142,538 | $2,347 | $31,680 | – | $31,680 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $72,889
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $7,420
- Occupancy
- $3,933
- Other expenses
- $76,568
Balance sheet and other
- Total assets, start of year
- $31,680
- Total assets, end of year
- $16,648
- Total liabilities, end of year
- –
- Net assets, end of year
- $16,648
- Cash, savings and investments
- $16,648
- Gross receipts
- $72,889
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHEL FRANKLIN | DIRECTOR | 15 | $0 |
| JOE FRANKLIN | ASSISTANT DIRECTOR | 15 | $0 |
| CHERYL CHEEK | TREASURER | 1 | $0 |
| JODI GARNER | ADMINISTRATIVE | 1 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHEL FRANKLIN | DIRECTOR | 20 | $0 |
| JOE FRANKLIN | ASSISTANT DIRECTOR | 5 | $0 |
| CHERYL CHEEK | TREASURER | 1 | $0 |
| JODI GARNER | ADMINISTRATIVE | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1144, COVINGTON, GA 30015-1144
- Signed the 990-EZ
- MICHEL FRANKLIN, DIRECTOR
- Phone
- (770) 784-0982
- Return prepared by
- H AND R BLOCK
Mission
Our Mission is to show the love of Christ by helping meet the needs of people in our community and fulfilling The Great Commission of our Lord and Savior Jesus Christ.
Program accomplishments
- ONE OF THE MAIN PURPOSES OF PETRA FOUNDATION, INC. IS TO SHOW THE HOMELESS AND DRUG OR ALCOHOL ADDICTED MEN THE LOVE OF JESUS THROUGH FOOD, SHELTER AND HOPE FOR THE FUTURE. WE CONTINUE TO PARTNER WITH DAMASCUS ROAD, A TWO-YEAR DRUG AND ALCOHOL REHABILITATION PROGRAM. THE COST IS $1,800.00 PER PERSON FOR THE FIRST SIX WEEKS TO GET STARTED IN THEIR REHABILITATION. IN ADDITION, WE ARE NOW HELPING OUR SENIOR CITIZENS OVER THE AGE OF 55 WHO ARE IN DESPERATE NEED OF FOOD AND/OR MEDICAL ATTENTION. WE HAVE ALSO ADDED FREE HOME REPAIRS TO THOSE WHO QUALIFY. WE HAVE BEEN IN THE PROCESS OF BUILDING A MULTI-USE FACILITY TO BENEFIT THESE PEOPLE IN NEED. ALSO, WE HAVE TAKEN ON THE CARE AND MAINTENANCE OF THE PROPERTY WE ARE LOCATED ON.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 26-2881707
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $16,648
- Income (IRS master file)
- $72,889
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $72,889 | $87,921 | $16,648 | IRS |
| 990-EZ | December 2023 | $144,885 | $142,538 | $31,680 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-2881707).
Questions about PETRA FOUNDATION INC
- What is the EIN of PETRA FOUNDATION INC?
- The employer identification number (EIN) of PETRA FOUNDATION INC is 26-2881707.
- Is PETRA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to PETRA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PETRA FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PETRA FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PETRA FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of PETRA FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does PETRA FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $72,889, expenses of $87,921 and total assets of $16,648 at year end.
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