Stephen Phillips Memorial Scholarship Fund Inc

Organization Overview

Stephen Phillips Memorial Scholarship Fund Inc is located in Boston, MA. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Stephen Phillips Memorial Scholarship Fund 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, Stephen Phillips Memorial Scholarship Fund Inc generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $7.3m during the year ending 12/2021. While expenses have increased by 8.4% per year over the past 7 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 2014, Stephen Phillips Memorial Scholarship Fund Inc has awarded 5,431 individual grants totaling $32,317,947. 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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Edelstein & Company Llp
$55,700
Lwc Fiduciary Advisors
$342,987
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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,123,286
Interest on Savings $23,622
Dividends & Interest $591,421
Net Rental Income$3,594
Net Gain on Sale of Assets $6,393,803
Capital Gain Net Income $5,229,812
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $172,974
Total Revenue $8,308,700

Grants Awarded

Over the last fiscal year, Stephen Phillips Memorial Scholarship Fund Inc has awarded $5,887,617 in support to 583 organizations.

Grant RecipientAmount

AVEREY HOMER

PURPOSE: SCHOLARSHIP

$43,500

CHRISTINA TANG

PURPOSE: SCHOLARSHIP

$41,500

DESTINY ELLIS THAMES

PURPOSE: SCHOLARSHIP

$39,000

HANNAH ORTIZ

PURPOSE: SCHOLARSHIP

$35,000

TAYLOR MARRERO

PURPOSE: SCHOLARSHIP

$33,500

BRENDA TA

PURPOSE: SCHOLARSHIP

$33,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Stephen Phillips Memorial Scholarship Fund Inc has recieved totaling $5,100.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$5,100
View Grant Recipient Profile

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