Philio Inc
- Assets
- $1.7m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 55
- Location
- Toledo, OH
- Founding
- 04/1994
- Data as of
- 06/2022
- EIN
- 34-1759979
Organization Overview
Philio Inc is located in Toledo, OH. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, Philio Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philio 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 06/2022, Philio Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $3.9m during the year ending 06/2022. While expenses have increased by 4.9% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMBRACE EQUIP AND EMPOWER
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EMBRACE EQUIP AND EMPOWER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Edwards Executive Dire | Officer | 50 | $178,930 |
S Tisdale President | OfficerTrustee | 4 | $0 |
S Boyd Member | OfficerTrustee | 2 | $0 |
J Roberson Treasurer | OfficerTrustee | 4 | $0 |
M Holt Member | Trustee | 2 | $0 |
D Neely Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zayam Consulting Llc Medical | 6/29/22 | $278,400 |
U Change Clinical Services | 6/29/22 | $162,543 |
T Scott Consulting Clinical Services | 6/29/22 | $378,371 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,609,675 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,085,384 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $178,931 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,655,241 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $188,519 |
| Payroll taxes | $165,586 |
| Fees for services: Management | $257,600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $40,383 |
| Office expenses | $58,524 |
| Information technology | $44,454 |
| Royalties | $0 |
| Occupancy | $22,490 |
| Travel | $20,789 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $49,338 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,541 |
| Insurance | $20,939 |
| All other expenses | $0 |
| Total functional expenses | $3,881,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $386,730 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $409,066 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,118 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $634,635 |
| Total assets | $1,686,984 |
| Accounts payable and accrued expenses | $192,265 |
| Grants payable | $0 |
| Deferred revenue | $634,635 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $89,084 |
| Unsecured mortgages and notes payable | $532,646 |
| Other liabilities | $0 |
| Total liabilities | $1,448,630 |
| Net assets without donor restrictions | $238,354 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $238,354 |
Grants Awarded
Over the last fiscal year, Philio Inc has awarded $235,498 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UMADAOP PURPOSE: OPIOD AWAR | $24,999 |
LUCAS COUNTY REG PURPOSE: OPIOD AWAR | $180,499 |
TASC OF LUCAS CO PURPOSE: OPIOD AWAR | $30,000 |