John & Annamaria Phillips Foundation
- Assets
- $2.7m
- Revenue
- $164.0k
- Investments
- $2.6m
- Employees
- 0
- Location
- Armonk, NY
- Founding
- 03/1996
- Data as of
- 12/2022
- EIN
- 01-3732915
Organization Overview
John & Annamaria Phillips Foundation is located in Armonk, NY. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John & Annamaria Phillips Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, John & Annamaria Phillips Foundation generated $164.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $182.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Cairone President | 40 | $47,795 | |
Pamela Cochenour Vice-President/secretary | 3 | $0 | |
Francois Sicart Vice-President/treasurer | 1 | $0 | |
Patsy Jaganath Vice-President/asst. Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $52,507 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $110,711 |
| Capital Gain Net Income | $110,711 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $749 |
| Total Revenue | $163,967 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $85,986 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,532 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,250 |
| Total operating and administrative expenses | $157,205 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $182,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,844 |
| Savings and temporary cash investments | $59,405 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $542,674 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,689,059 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, John & Annamaria Phillips Foundation has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE METROPOLITAN MUSEUM OF ART PURPOSE: GENERAL SUPPORT | $10,000 |
GANNA WALSKA LOTUSLAND PURPOSE: GENERAL SUPPORT | $10,000 |