The Phase Foundation
- Assets
- $4.0m
- Revenue
- $180.2k
- Investments
- $3.9m
- Employees
- 0
- Location
- Germantown, MD
- Founding
- 05/1989
- Data as of
- 12/2021
- EIN
- 52-1611434
Organization Overview
The Phase Foundation is located in Germantown, MD. The organization was established in 1989. 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. Phase 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 12/2021, Phase Foundation generated $180.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $394.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Phase Foundation has awarded 338 individual grants totaling $1,825,000. 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 |
|---|---|---|---|
Catherine L Hekimian Trustee | 16 | $19,823 | |
Joan E Hekimian Trustee | 0 | $0 | |
A Mark Kenchtel Trustee | 0 | $0 | |
Christopher Hekimian Trustee | 0 | $0 | |
Allison H Sitar Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26 |
| Dividends & Interest | $67,001 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $110,173 |
| Capital Gain Net Income | $110,173 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,048 |
| Total Revenue | $180,248 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,823 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,043 |
| Depreciation | $0 |
| Occupancy | $21,668 |
| Travel, conferences, and meetings | $3,258 |
| Printing and publications | $0 |
| Other expenses | $22,744 |
| Total operating and administrative expenses | $74,086 |
| Contributions, gifts, grants paid | $320,000 |
| Total expenses and disbursements | $394,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,977 |
| 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 | $4,101 |
| Total assets | $3,992,721 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $320,000 |
| 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 | $320,000 |
Grants Awarded
Over the last fiscal year, The Phase Foundation has awarded $320,000 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
FUND FOR JOHNS HOPKINS MEDICINE PURPOSE: TO FUND CUSTOM DESIGNED HIPAA PROTECTED DATABASE PLATFORM TO SECURELY HOUSE GENETIC INFO. | $30,000 |
PROSPECT HILL CEMETERY PURPOSE: TO FUND REPAIRS OF ROADWAYS & WALKWAYS ON CEMETERY GROUNDS. | $10,000 |
A WIDER CIRCLE PURPOSE: TO FUND BEDS, FURNITURE, AND OTHER ESSENTIALS FOR FAMILIES LIVING IN POVERTY. | $10,000 |
SECOND CHANCE WILDLIFE CENTER PURPOSE: TO PAY FOR FOOD, MEDICINE, SUPPLIES & CAGE FURNISHINGS FOR REHABBING ANIMALS. | $10,000 |
HOPE HOUSE PURPOSE: TO SUPPORT READING PROGRAM, SUMMER CAMP, AND COLLEGE CHALLENGE. | $10,000 |
Rockville, MD PURPOSE: TO SUPPORT ARCHWAYS PROGRAM, SERVING OVER 60 CHRONICALLY HOMELESS PEOPLE. | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |