Philip I Kent Foundation
- Assets
- $1.9m
- Revenue
- $855.0k
- Investments
- $1.9m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 26-1552762
Organization Overview
Philip I Kent Foundation is located in Las Vegas, NV. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Philip I Kent 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 12/2021, Philip I Kent Foundation generated $855.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $262.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Philip I Kent Foundation has awarded 31 individual grants totaling $490,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,311 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,690 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $735,016 |
| Capital Gain Net Income | $735,016 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $855,017 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $301 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $32,390 |
| Contributions, gifts, grants paid | $230,000 |
| Total expenses and disbursements | $262,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $70,986 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,936,386 |
| 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, Philip I Kent Foundation has awarded $230,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: GENERAL OPERATING | $50,000 |
New York, NY PURPOSE: GENERAL OPERATING | $25,000 |
New York, NY PURPOSE: GENERAL OPERATING | $20,000 |
Helena, MT PURPOSE: GENERAL OPERATING | $15,000 |
Atlanta, GA PURPOSE: GENERAL OPERATING | $15,000 |
HUMAN RIGHTS ACTION CENTER PURPOSE: GENERAL OPERATING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magnolia Educational & Research Foundation Los Angeles, CA | $67,129,472 | $66,230,945 |
Panda Cares Foundation Inc Las Vegas, NV | $37,372,072 | $45,451,718 |
Xq Institute Oakland, CA | $14,589,368 | $51,717,404 |
Room To Read San Francisco, CA | $51,354,748 | $61,954,261 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $7,623,488 | $36,083,167 |
Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |