The Phyllis Foundation Inc
- Assets
- $1.3m
- Revenue
- $193.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 47-1049591
Organization Overview
The Phyllis Foundation Inc is located in Birmingham, AL. The organization was established in 2015. 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. Phyllis 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 12/2021, Phyllis Foundation Inc generated $193.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.0%) each year. All expenses for the organization totaled $92.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Phyllis Foundation Inc has awarded 57 individual grants totaling $319,546. 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 |
|---|---|---|---|
Julie L Commander President & Director | 1 | $0 | |
D Mark Limbaugh Secretary & Director | 1 | $0 | |
James Bruce Limbaugh Treasurer & Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,417 |
| Dividends & Interest | $36,999 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $152,451 |
| Capital Gain Net Income | $152,451 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,143 |
| Total Revenue | $193,010 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $211 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,472 |
| Total operating and administrative expenses | $24,100 |
| Contributions, gifts, grants paid | $68,071 |
| Total expenses and disbursements | $92,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,058 |
| 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 | $965,879 |
| 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 | $258,162 |
| Total assets | $1,305,099 |
| Accounts payable and accrued expenses | $298 |
| 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 | $298 |
Grants Awarded
Over the last fiscal year, The Phyllis Foundation Inc has awarded $68,071 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Wetumpka, AL PURPOSE: FOR SPIRITUAL AND PHYSICAL HEALTH | $11,000 |
Nashville, TN PURPOSE: CHARITABLE CONTRIBUTION | $11,000 |
COLLEGE CHOICE FOUNDATION PURPOSE: TO SUPPORT ACADEMICS FOR STUDENTS FROM LOW-INCOME BACKGROUNDS | $10,000 |
THE SHARING TABLE PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
BUILD UP GRANT PURPOSE: FOR DEVELOPING WORK SKILLS FOR LOW-INCOME YOUTH | $8,571 |
RED MOUNTAIN GRACE PURPOSE: CHARITABLE CONTRIBUTION | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Lyndhurst Foundation Inc Chattanooga, TN | $133,731,560 | $17,356,041 |