L E Phillips Family Foundation Inc
- Assets
- $40.9m
- Revenue
- $5.6m
- Investments
- $4.5m
- Employees
- 0
- Location
- Eau Claire, WI
- Founding
- 06/1959
- Data as of
- 02/2024
- EIN
- 39-6046126
Organization Overview
L E Phillips Family Foundation Inc is located in Eau Claire, WI. The organization was established in 1959. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. L E Phillips 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 02/2024, L E Phillips Family Foundation Inc generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $6.0m during the year ending 02/2024. While expenses have increased by 2.3% per year over the past 4 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 2021, L E Phillips Family Foundation Inc has awarded 360 individual grants totaling $22,265,950. 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 |
|---|---|---|---|
Maryjo Cohen President | 2 | $0 | |
Randy F Lieble Vp, Treas | 0 | $0 | |
Jeff Madson Sec, Dir | 0 | $0 | |
Amy Alpine Director | 0.5 | $0 | |
Melissa Nyhus Asst Sec, As | 20 | $61,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,074,780 |
| Dividends & Interest | $3,503,032 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,577,812 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $61,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,667 |
| Interest | $0 |
| Taxes | $81,127 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,281 |
| Total operating and administrative expenses | $154,406 |
| Contributions, gifts, grants paid | $5,813,300 |
| Total expenses and disbursements | $5,967,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,718 |
| Savings and temporary cash investments | $36,368,019 |
| 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 | $39,886 |
| Total assets | $40,918,420 |
| Accounts payable and accrued expenses | $470 |
| 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 | $470 |
Grants Awarded
Over the last fiscal year, L E Phillips Family Foundation Inc has awarded $5,813,300 in support to 97 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BIRKEBEINER SKI FOUNDATION PURPOSE: BASE CAMP CONSTRUCTION PROJECT | $10,000 |
AMERICAN FRIENDS OF BATSHEVA DANCE PURPOSE: OPERATING FUNDS | $500 |
AMERICAN FRIENDS OF THE ISRAEL MUSE PURPOSE: OPERATING FUNDS | $3,000 |
AMERICAN JEWISH HISTORICAL SOCIETY PURPOSE: OPERATING FUNDS | $500 |
AUDIO & BRAILLE LITERACY ENHANCEMEN PURPOSE: AUDIO BOOKS PROGRAM | $2,500 |
BARBERSHOP HARMONY SOCIETY PURPOSE: OPERATING FUNDS | $3,000 |