Phillies Charities Inc
- Assets
- $1.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 07/1976
- Data as of
- 12/2022
- EIN
- 23-1994699
Organization Overview
Phillies Charities Inc is located in Philadelphia, PA. The organization was established in 1976. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Phillies Charities 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, Phillies Charities Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 4 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 2019, Phillies Charities Inc has awarded 239 individual grants totaling $4,633,560. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED EXCLUSIVELY FOR CHARITABLE PURPOSES PARTICULARLY RAISING CONTRIBUTIONS AND PAYMENT OF CONTRIBUTIONS TO ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(3).
Describe the Organization's Program Activity:
TO PROVIDE GRANTS TO SELECT RECIPIENTS AS CHOSEN BY THE BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Weber President | OfficerTrustee | 2 | $0 |
Sharon R Clothier Vice President & Treasurer | OfficerTrustee | 2 | $0 |
Richard Strouse Vice President | OfficerTrustee | 2 | $0 |
Carolyn S Montgomery Vice President | OfficerTrustee | 2 | $0 |
Leslie Safran Secretary | OfficerTrustee | 1 | $0 |
Nancy Buck Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $95,000 |
| Related organizations | $700 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $416,725 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $512,425 |
| Total Program Service Revenue | $0 |
| Investment income | $3,547 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $516,145 |
| Net Income from Gaming Activities | $1,097,794 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,129,911 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,771,531 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $165 |
| Total functional expenses | $1,784,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,247,383 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,247,383 |
| Accounts payable and accrued expenses | $7,931 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $194,801 |
| Total liabilities | $202,732 |
| Net assets without donor restrictions | $1,044,651 |
| Net assets with donor restrictions | $0 |
| 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 | $1,247,383 |
Grants Awarded
Over the last fiscal year, Phillies Charities Inc has awarded $1,688,244 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
ALS OF GREATER PHILADELPHIA PURPOSE: SUPPORT EXEMPT MISSION | $179,490 |
POTTERS MISSION WIRE PURPOSE: SUPPORT EXEMPT MISSION | $40,000 |
FRESH ARTISTS PURPOSE: SUPPORT EXEMPT MISSION | $33,750 |
PHOTOGRAPHY WITHOUT BORDERS PURPOSE: SUPPORT EXEMPT MISSION | $33,750 |
B INSPIRED PHILADELPHIA PURPOSE: SUPPORT EXEMPT MISSION | $25,000 |
FUNNY FARM RESCUE PURPOSE: SUPPORT EXEMPT MISSION | $25,000 |