Phoebe Devitt Homes
- Assets
- $75.2m
- Revenue
- $7.3m
- Investments
- $22.7k
- Employees
- 0
- Location
- Allentown, PA
- Founding
- 07/1941
- Data as of
- 06/2021
- EIN
- 23-1396838
Organization Overview
Phoebe Devitt Homes, operating under the name Phoebe Ministries, is located in Allentown, PA. The organization was established in 1941. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoebe Ministries 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 06/2021, Phoebe Ministries generated $7.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $2.3m during the year ending 06/2021. While expenses have increased by 10.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Phoebe Ministries has awarded 20 individual grants totaling $4,340,358. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO RELATED NON-PROFITS THROUGH FUNDRAISING ACTIVITIES AND SPECIAL EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL SUPPORT TO OTHER AFFILIATED NON-PROFIT ORGANIZATIONS THROUGH INSTITUTIONAL DEVELOPMENT ACTIVITIES AND ANNUAL SPECIAL EVENTS INCLUDING A PHOEBE GOLF TOURNAMENT AND THE PHOEBE INSTITUTE ON AGING CONFERENCE/BENEFIT. DUE TO COVID-19 PHOEBE WAS NOT ABLE TO HOST THE ANNUAL GOLF TOURNAMENT, HOWEVER, FUNDS WERE RECEIVED FOR THE EVENT AND RAISED $116,000 FOR CHARITY CARE. SEE SCHEDULE O FOR MORE DETAILS ON PHOEBE PROGRAM SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott R Stevenson President/ceo | OfficerTrustee | 40 | $0 |
Rev Dr Hilary J Barrett Chairperson | OfficerTrustee | 1 | $0 |
William C Hacker Vice Chairperson | OfficerTrustee | 1 | $0 |
John T Lawton Treasurer | OfficerTrustee | 1 | $0 |
Robert Bertolette Secretary | OfficerTrustee | 1 | $0 |
Lisa B Fichera Evp/coo | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $151,750 |
| Related organizations | $5,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $400,932 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $557,682 |
| Total Program Service Revenue | $0 |
| Investment income | $1,735,821 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,975,791 |
| Net Income from Fundraising Events | -$3,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,268,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,532,501 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $447,986 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $229,532 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $47,460 |
| Information technology | $383 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $362 |
| Total functional expenses | $2,258,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,805,896 |
| Pledges and grants receivable | $4,566 |
| Accounts receivable, net | $300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $109,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,620 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $61,281,917 |
| Investments—other securities | $22,725 |
| Investments—program-related | $5,752,668 |
| Intangible assets | $0 |
| Other assets | $6,210,170 |
| Total assets | $75,217,862 |
| Accounts payable and accrued expenses | -$41,072 |
| Grants payable | $0 |
| Deferred revenue | $1,112,145 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,385,294 |
| Total liabilities | $3,456,367 |
| Net assets without donor restrictions | $58,523,573 |
| Net assets with donor restrictions | $13,237,922 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $75,217,862 |
Grants Awarded
Over the last fiscal year, Phoebe Devitt Homes has awarded $1,531,597 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Allentown, PA PURPOSE: PROVIDE ASSISTANCE TO A RELATED ORGANIZATION TO AID IN CARRYING OUT ITS MISSION. | $1,296,397 |
Wernersville, PA PURPOSE: PROVIDE ASSISTANCE TO A RELATED ORGANIZATION TO AID IN CARRYING OUT ITS MISSION. | $235,200 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Phoebe Devitt Homes has recieved totaling $116,783.
| Awarding Organization | Amount |
|---|---|
Nellie M Ulshafer Trust Uw Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $26,665 |
Mabel A Adams Tr 20000300 Dtd 5-20-69 Fbo Spec Charities K Las Vegas, NV PURPOSE: GENERAL OPERATING PURPOSES | $15,000 |
Raymond K And Helen I Berk Fund Las Vegas, NV PURPOSE: GENERAL OPERATING | $14,400 |
Edward O Steely Charities 1513846651 Las Vegas, NV PURPOSE: GENERAL OPERATING PURPOSES | $12,800 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Adam Lenhart T W Buffalo, NY PURPOSE: PUBLIC SUPPORT FOR RELATED | $7,671 |
Endowment Analysis
| Beg. Balance | $4,237,668 |
| Earnings | $1,216,027 |
| Admin Expense | $28,497 |
| Net Contributions | $18,960 |
| Other Expense | $84,280 |
| Ending Balance | $5,359,878 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |
Newcourtland Elder Service Philadelphia, PA | $143,669,356 | $7,770,253 |
Foundation For Morristown Medical Center Inc Morristown, NJ | $194,034,598 | $31,511,180 |
Saint Barnabas Health Care System Foundation Inc Oceanport, NJ | $95,611,955 | $91,087,287 |
Metrohealth Foundation Inc Cleveland, OH | $88,791,792 | $21,235,092 |
Upmc Pinnacle Foundation Harrisburg, PA | $153,865,644 | $10,550,659 |
Community First Solutions Hamilton, OH | $99,479,120 | $13,306,151 |
Hudson East River Systems Llc New York, NY | $9,323,421,475 | $81,815,633 |
The Childrens Health Fund New York, NY | $7,589,617 | $9,406,757 |
Bronxcare Health Integrated Services System Inc Bronx, NY | $2,917,349 | $9,136,103 |
York Health Foundation York, PA | $12,105,892 | $8,310,377 |
New York Hospital Cornell Medical Center Fund Inc New York, NY | $237,549,829 | $20,911,565 |