Philipp Family Foundation Inc
- Assets
- $417.2k
- Revenue
- $28.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Gloucester, MA
- Founding
- 08/2010
- Data as of
- 12/2021
- 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 12/2021, Philipp Family Foundation Inc generated $28.4k 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 (25.4%) each year. All expenses for the organization totaled $89.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (25.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Philipp Family Foundation Inc has awarded 57 individual grants totaling $2,311,445. 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 |
|---|---|---|---|
Cheryl E Philipp Vice President | 1 | $0 | |
Michael G Philipp President | 1 | $0 | |
Trent E Philipp Vice President | 1 | $0 | |
Kyle E Philipp Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,962 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,854 |
| Capital Gain Net Income | $17,855 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,416 |
| 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 | $245 |
| Total operating and administrative expenses | $19,595 |
| Contributions, gifts, grants paid | $70,220 |
| Total expenses and disbursements | $89,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $110,708 |
| 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 | $306,500 |
| 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 | $417,208 |
| 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 $70,220 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Champaign, IL PURPOSE: GENERAL SUPPORT | $20,000 |
Durham, NC PURPOSE: GENERAL FUND | $20,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $20,000 |
THE NATURE CONSERVANCY VERMONT PURPOSE: GENERAL SUPPORT | $10,000 |
QUIVIRA COALITION PURPOSE: GENERAL SUPPORT | $120 |
Richmond, VT PURPOSE: GENERAL SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |
Citizen Of Burma Award Organization Inc Jackson Heights, NY | $195,993 | $9,716,460 |
Cullen Foundation Buffalo, NY | $115,865,929 | $16,357,498 |
Fiduciary Charitable Foundation Boston, MA | $117,480,981 | $103,573,534 |
Danoff Fam Private Charitable Foundation Tr Albany, NY | $116,755,274 | $33,799,667 |
Herbert Allen Foundation New York, NY | $9,223,512 | $1,023,254 |
Select Equity Group Foundation New York, NY | $25,414,802 | $25,600,265 |
Salem Foundation Providence, RI | $36,287,179 | $36,691,105 |
Mark And Anla Cheng Kingdon Fund New York, NY | $181,150,001 | $35,415,082 |
Arbella Insurance Foundation Inc Boston, MA | $24,058,916 | $7,386,813 |
John And Patricia Klingenstein Fund New York, NY | $121,264,191 | $78,254,052 |
Moodys Foundation New York, NY | $23,503,838 | $16,004,922 |