Philip L Van Every Foundation
- Assets
- $35.5m
- Revenue
- $1.0m
- Investments
- $34.4m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 08/1963
- Data as of
- 12/2022
- EIN
- 56-6039337
Organization Overview
Philip L Van Every Foundation is located in Dallas, TX. The organization was established in 1963. 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. Philip L Van Every 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, Philip L Van Every Foundation generated $1.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 7.2% 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 2019, Philip L Van Every Foundation has awarded 174 individual grants totaling $7,510,151. 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 |
|---|---|---|---|
Bank Of America Trustee | 1 | $169,438 | |
David Singer Director | 15 | $10,000 | |
Crystal Thomann Executive Director | 30 | $31,200 | |
Thomas W Glenn Secretary | 15 | $10,000 | |
Quincy F White Chairman | 15 | $20,000 | |
Mary Lance Sisk Mcginn Vice-Chairman | 15 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $889,030 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $113,327 |
| Capital Gain Net Income | $113,327 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,002,357 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $260,638 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,932 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $68,603 |
| Total operating and administrative expenses | $371,601 |
| Contributions, gifts, grants paid | $2,112,276 |
| Total expenses and disbursements | $2,483,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $658,167 |
| 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 | $499,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $35,516,740 |
| 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, Philip L Van Every Foundation has awarded $2,112,276 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
EMERGE GALLERY ART CENTER PURPOSE: UNRESTRICTED GENERAL | $2,500 |
RENAISSANCE WEST COMMUNITY INITIATIVE PURPOSE: UNRESTRICTED GENERAL | $25,000 |
CHARLOTTE MECKLENBURG LIBRARY PURPOSE: UNRESTRICTED GENERAL | $100,000 |
KIAWAH CARES FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $20,000 |
DISCOVERY PLACE PURPOSE: UNRESTRICTED GENERAL | $250,000 |
QUEENS UNIVERSITY OF CHARLOTTE PURPOSE: UNRESTRICTED GENERAL | $100,000 |