Phelan Family Foundation Inc
- Assets
- $7.5m
- Revenue
- $236.2k
- Investments
- $6.9m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 27-1554558
Organization Overview
Phelan Family Foundation Inc is located in Naples, FL. The organization was established in 2010. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phelan Family 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 12/2021, Phelan Family Foundation Inc generated $236.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (26.6%) each year. All expenses for the organization totaled $564.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Phelan Family Foundation Inc has awarded 66 individual grants totaling $3,021,419. 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 |
|---|---|---|---|
Lawrence T Phelan President | 1.5 | $0 | |
Kenneth J Phelan Secretary And Treasurer | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $165,274 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $70,966 |
| Capital Gain Net Income | $70,966 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $236,240 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $683 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $103,346 |
| Total operating and administrative expenses | $109,029 |
| Contributions, gifts, grants paid | $455,000 |
| Total expenses and disbursements | $564,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $614,915 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,536,211 |
| 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, Phelan Family Foundation Inc has awarded $455,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Gladwyne, PA PURPOSE: CHARITABLE | $150,000 |
Gladwyne, PA PURPOSE: CHARITABLE | $100,000 |
PROJECT HOPE PURPOSE: CHARITABLE | $100,000 |
Chicago, IL PURPOSE: CHARITABLE | $25,000 |
PROJECT HOPE (BOARD GIFT) PURPOSE: CHARITABLE | $25,000 |
LYRICS FOR LIFE FOUNDATION PURPOSE: CHARITABLE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Womans Missionary Union Foundation Birmingham, AL | $53,441,982 | $5,264,026 |
Walton Electric Trust Inc Monroe, GA | $5,022,901 | $2,337,063 |
The Empty Stocking Fund Inc Atlanta, GA | $3,409,829 | $2,169,289 |
Ferst Readers Inc Madison, GA | $2,420,121 | $2,368,538 |
Kid One Transport System Inc Birmingham, AL | $744,962 | $1,420,128 |
Margaret And Jack Tarver Family Foundation Orlando, FL | $14,491,968 | $1,093,258 |
Carolands Preservation Foundation Palm Beach, FL | $1,817,806 | $807,126 |
Edward D And Anna Mitchell Family Foundation A Delaware Corp Sarasota, FL | $5,062,154 | $357,034 |
Creating Connected Communities Atlanta, GA | $683,448 | $909,666 |
Baby Dj Maitland, FL | $96,114 | $483,347 |
Phelan Family Foundation Inc Naples, FL | $7,536,211 | $236,240 |
Marshall County Christmas Coalition Inc Guntersville, AL | $564,359 | $625,582 |