Charlotte Palmer Phillips Foundation Inc
- Assets
- $2.5m
- Revenue
- $185.8k
- Investments
- $2.5m
- Employees
- 0
- Location
- Newton, MA
- Founding
- 12/1959
- Data as of
- 12/2022
- EIN
- 13-6100994
Organization Overview
Charlotte Palmer Phillips Foundation Inc is located in Newton, MA. The organization was established in 1959. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Palmer Phillips Foundation Inc 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, Charlotte Palmer Phillips Foundation Inc generated $185.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $150.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charlotte Palmer Phillips Foundation Inc has awarded 456 individual grants totaling $966,507. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marjorie Gilbert Trustee | 0.25 | $4,000 | |
William S Strong ESQ President/treasuer | 0.5 | $9,747 | |
Sarah E Cogan ESQ Secretary | 0.5 | $5,000 | |
Ann Reinke Strong Trustee | 0 | $0 | |
John Gibbons Trustee | 0.25 | $2,000 | |
Marjorie T Cook-Sullivan Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $429 |
| Dividends & Interest | $64,055 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $121,369 |
| Capital Gain Net Income | $121,369 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$90 |
| Total Revenue | $185,763 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,747 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $126 |
| Taxes | $5,853 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,857 |
| Total operating and administrative expenses | $55,689 |
| Contributions, gifts, grants paid | $94,500 |
| Total expenses and disbursements | $150,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,071 |
| Savings and temporary cash investments | $0 |
| 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 | $2,505,819 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,512,890 |
| 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, Charlotte Palmer Phillips Foundation Inc has awarded $94,500 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
ANIMAL WELFARE INSTITUTE PURPOSE: GENERAL PURPOSE | $1,000 |
ASHLAND TOWN LIBRARY PURPOSE: GENERAL PURPOSE | $500 |
ALDO LEOPOLD FOUNDATION PURPOSE: GENERAL PURPOSE | $1,000 |
BOSTON CHILDREN'S CHORUS PURPOSE: GENERAL PURPOSE | $1,500 |
BALTIMORE CHAMBER JAZZ SOCIETY PURPOSE: GENERAL PURPOSE | $5,000 |
BOWDOIN COLLEGE PURPOSE: GENERAL PURPOSE | $9,000 |