Philos Foundation Inc
- Assets
- $29.2m
- Revenue
- -$193.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Chicago, IL
- Founding
- 10/1975
- Data as of
- 06/2023
- EIN
- 36-2826768
Organization Overview
Philos Foundation Inc is located in Chicago, IL. The organization was established in 1975. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Philos Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philos 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MULTIPLE LEVELS OF SOCIAL SERVICES SUPPORT AND POSTIVELY IMPACT THE LIVES OF PEOPLE IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS TRANSITIONING ITS PROGRAMMING AND PROVIDED FUNDING TO VARIOUS SOCIAL SERVICES PROVIDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Bokos President/director | OfficerTrustee | 15 | $95,444 |
James Mulligan Chairperson | OfficerTrustee | 3 | $3,700 |
George Larsen Vice Chairperson | OfficerTrustee | 2 | $3,000 |
Joseph Bigane III Treasurer | OfficerTrustee | 2 | $3,000 |
Alexis Gaughan Secretary | OfficerTrustee | 2 | $3,000 |
Trista Bordignon Executive Director | Officer | 40 | $173,252 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,501 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,501 |
| Total Program Service Revenue | $36,033 |
| Investment income | $662,241 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $228,986 |
| Net Gain/Loss on Asset Sales | -$1,164,324 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$193,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,805 |
| 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. | $320,279 |
| Compensation of current officers, directors, key employees. | $320,279 |
| Compensation to disqualified persons | $106,668 |
| Other salaries and wages | $113,077 |
| Pension plan accruals and contributions | $10,725 |
| Other employee benefits | $57,512 |
| Payroll taxes | $35,692 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,425 |
| Fees for services: Accounting | $8,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $123,080 |
| Fees for services: Other | $4,451 |
| Advertising and promotion | $0 |
| Office expenses | $10,183 |
| Information technology | $18,947 |
| Royalties | $0 |
| Occupancy | $54,047 |
| Travel | $692 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,435 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $115,185 |
| All other expenses | $6,576 |
| Total functional expenses | $1,027,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,177 |
| Savings and temporary cash investments | $417,579 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,589 |
| 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 | $115,857 |
| Net Land, buildings, and equipment | $339,115 |
| Investments—publicly traded securities | $27,956,870 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,159,187 |
| Accounts payable and accrued expenses | $236,854 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $236,854 |
| Net assets without donor restrictions | $28,922,333 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $29,159,187 |