John And Amy Phelan Family Foundation
- Assets
- $56.4m
- Revenue
- $11.1m
- Investments
- $48.4m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 08/2013
- Data as of
- 12/2022
- EIN
- 46-1579312
Organization Overview
John And Amy Phelan Family Foundation is located in West Palm Beach, FL. The organization was established in 2013. 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. John And Amy Phelan Family 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 12/2022, John And Amy Phelan Family Foundation generated $11.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.0% each year . All expenses for the organization totaled $3.0m during the year ending 12/2022. While expenses have increased by 9.0% 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, John And Amy Phelan Family Foundation has awarded 52 individual grants totaling $12,846,627. 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 |
|---|---|---|---|
John C Phelan President/treasurer | 1 | $0 | |
Amy Phelan Vice President/secretary | 1 | $0 | |
Marc Lisker Asst. Treasurer/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,140,938 |
| Interest on Savings | $37,940 |
| Dividends & Interest | $104,206 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,013,279 |
| Capital Gain Net Income | $7,013,279 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,787,424 |
| Total Revenue | $11,083,787 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $178,316 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250,000 |
| Total operating and administrative expenses | $428,416 |
| Contributions, gifts, grants paid | $2,565,977 |
| Total expenses and disbursements | $2,994,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,562 |
| Savings and temporary cash investments | $8,077,391 |
| 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 | $41,431,438 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $56,441,787 |
| 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 | $516,217 |
| Total liabilities | $516,217 |
Grants Awarded
Over the last fiscal year, John And Amy Phelan Family Foundation has awarded $2,565,977 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE AMERICAN FUND FOR LSE PURPOSE: LSE CENTENNIAL FUND | $75,000 |
HARVARD BUSINESS SCHOOL FORWARD FELLOWSHIP PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $500,000 |
PATHFINDERS FOR CANCER PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $10,000 |
PHELAN FAMILY FOUNDATION DAF PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $1,600,977 |
NATIONAL MEDAL OF HONOR MUSEUM PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $250,000 |
SPIRIT OF AMERICA PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $130,000 |