Frederick B And Ayako I Phillips Foundation
- Assets
- $1.8m
- Revenue
- $60.0k
- Investments
- $1.6m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 07/2014
- Data as of
- 06/2023
- EIN
- 46-4025821
Organization Overview
Frederick B And Ayako I Phillips Foundation is located in Louisville, KY. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frederick B And Ayako I Phillips 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 06/2023, Frederick B And Ayako I Phillips Foundation generated $60.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $91.1k during the year ending 06/2023. While expenses have increased by 14.1% per year over the past 8 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 2015, Frederick B And Ayako I Phillips Foundation has awarded 111 individual grants totaling $424,350. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP FUNDS TO UNIVERSITY OF LOUISVILLE, UNIVERSITY OF KENTUCKY AND CAMPBELLSVILLE UNIVERSITY WHICH ARE GIVEN TO THE UNIVERSITIES, WHO THEN CHOOSE THE RECIPIENTS OF THE SCHOLARSHIPS
CONTRIBUTIONS TO SEVEN CHARITABLE ORGANIZATIONS FOR GENERAL SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David B Russell Trustee | 1 | $0 | |
Maureen Samuels Board Member | 1 | $0 | |
Cathy Longstreet Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $52,518 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,437 |
| Capital Gain Net Income | $7,437 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,955 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $628 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,088 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $91,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,671 |
| 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 | $1,845,991 |
| 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, Frederick B And Ayako I Phillips Foundation has awarded $75,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
APRON INC PURPOSE: SUPPORT | $5,000 |
CAMPBELLSVILLE UNIVERSITY PURPOSE: SCHOLARSHIP | $10,000 |
KET PURPOSE: SUPPORT | $1,000 |
DARE TO CARE PURPOSE: SUPPORT | $5,000 |
KY HUMANE SOCIETY PURPOSE: SUPPORT | $5,000 |
HABITAT FOR HUMANITY PURPOSE: SUPPORT | $5,000 |