Phyllis Recca Foundation
- Assets
- $274.6k
- Revenue
- $14.7k
- Investments
- $225.9k
- Employees
- 0
- Location
- Kennet Sq, PA
- Founding
- 08/2000
- Data as of
- 06/2024
- EIN
- 38-3503546
Organization Overview
Phyllis Recca Foundation is located in Kennet Sq, PA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Phyllis Recca Foundation 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 06/2024, Phyllis Recca Foundation generated $14.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $64.5k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Phyllis Recca Foundation has awarded 48 individual grants totaling $172,247. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF BARNARD STATION
KENNETT LIBRARY
CHILDRENS HOSPITAL OF PHILADELPHIA
AMERICAN FRIENDS OF LAFAYETTE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Recca President | 2 | $0 | |
Dianne Kennedy Director | 0 | $0 | |
Sue Spillman Director | 0 | $0 | |
Gene Pisasale Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,184 |
| Dividends & Interest | $10,662 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$186 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,660 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $132 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,500 |
| Total operating and administrative expenses | $10,683 |
| Contributions, gifts, grants paid | $53,800 |
| Total expenses and disbursements | $64,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,688 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 | $274,567 |
| 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, Phyllis Recca Foundation has awarded $53,800 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
KENNETT AREA COMMUNITY SERVICE PURPOSE: GRANT | $1,500 |
CHILDRENS HOSPITAL OF PHILADELPHIA PURPOSE: GRANT FOR CHILDREN'S PROGRAMS | $6,500 |
BARN AT SPRING BROOK FARM PURPOSE: SPONSOR FUNDRAISING EVENTS | $4,000 |
UNIONVILLE COMMUNITY FAIR PURPOSE: SPONSOR EVENT | $2,000 |
FRIENDS OF BARNARD STATION PURPOSE: GRANT | $11,000 |
KENNETT LIBRARY PURPOSE: GRANT | $10,000 |