Black & Phillips Foundation Inc
- Assets
- $1.3m
- Revenue
- $478.0k
- Investments
- $1.0m
- Employees
- 0
- Location
- Spartanburg, SC
- Founding
- 08/1991
- Data as of
- 04/2024
- EIN
- 57-0928657
Organization Overview
Black & Phillips Foundation Inc is located in Spartanburg, SC. The organization was established in 1991. 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. Black & Phillips 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 04/2024, Black & Phillips Foundation Inc generated $478.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 43.0% each year . All expenses for the organization totaled $242.3k during the year ending 04/2024. While expenses have increased by 5.1% per year over the past 5 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 2020, Black & Phillips Foundation Inc has awarded 322 individual grants totaling $967,552. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marianna Habisreutinger Trustee | 0 | $0 | |
Paula B Baker Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $68,523 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $409,503 |
| Capital Gain Net Income | $409,503 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $478,026 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,186 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $88 |
| Total operating and administrative expenses | $40,681 |
| Contributions, gifts, grants paid | $201,587 |
| Total expenses and disbursements | $242,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,526 |
| 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 | $4,970 |
| Total assets | $1,264,802 |
| Accounts payable and accrued expenses | $2,995 |
| 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 | $4,026 |
| Total liabilities | $7,021 |
Grants Awarded
Over the last fiscal year, Black & Phillips Foundation Inc has awarded $201,587 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
ANGELS CHARGE MINISTRY PURPOSE: UNRESTRICTED | $2,000 |
BALLET SPARTANBURG PURPOSE: UNRESTRICTED | $2,750 |
CHILDREN'S ADVOCACY CENTER PURPOSE: UNRESTRICTED | $4,500 |
CHARLES LEA FOUNDATION PURPOSE: UNRESTRICTED | $20,677 |
CHAPMAN CULTURAL CENTER PURPOSE: RESTRICTED FOR THE PEGGY GIGNILLIANT SCHOLARSHIP | $1,250 |
FIRST PRESBYTERIAN CHURCH PURPOSE: UNRESTRICTED | $18,500 |