Philipp Family Foundation Inc
- Assets
- $400.5k
- Revenue
- $1.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gloucester, MA
- Founding
- 08/2010
- Data as of
- 12/2023
- EIN
- 27-2914930
Organization Overview
Philipp Family Foundation Inc is located in Gloucester, MA. The organization was established in 2010. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Philipp 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 12/2023, Philipp Family Foundation Inc generated $1.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (74.5%) each year.
Since 2015, Philipp Family Foundation Inc has awarded 68 individual grants totaling $2,424,550. 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 |
|---|---|---|---|
Michael G Philipp President | 1 | $0 | |
Cheryl E Philipp Vice President | 1 | $0 | |
Kyle E Philipp Vice President | 1 | $0 | |
Trent E Philipp Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$25 |
| Total operating and administrative expenses | -$25 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | -$25 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,483 |
| 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 | $389,000 |
| 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 | $400,483 |
| 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, Philipp Family Foundation Inc has awarded $16,555 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GO CONSCIOUS EARTH PURPOSE: GENERAL FUND | $15,000 |
VERMONT FARMERS FOOD CENTER PURPOSE: GENERAL SUPPORT | $1,000 |
ACORN PURPOSE: GENERAL SUPPORT | $555 |