Margaret Virginia Philip Foundation Inc
- Assets
- $345.0k
- Revenue
- $32.7k
- Investments
- $299.4k
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 01/1998
- Data as of
- 12/2021
- EIN
- 58-2313893
Organization Overview
Margaret Virginia Philip Foundation Inc is located in Atlanta, GA. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Margaret Virginia Philip 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, Margaret Virginia Philip Foundation Inc generated $32.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $815.0 during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Virginia Philip Chmn.sec/trs | 1 | $0 | |
Benjamin Cates Clark Jr Trustee | 1 | $0 | |
John C Sawyer Asst.sec/trs | 1 | $0 | |
Ellen Philip Brown Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $483 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,167 |
| Capital Gain Net Income | $32,167 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40 |
| Total operating and administrative expenses | $815 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,586 |
| 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 | $299,392 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $344,978 |
| 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, Margaret Virginia Philip Foundation Inc has awarded $27,782 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Decatur, GA PURPOSE: NOT SPECIFIED | $5,000 |
Decatur, GA PURPOSE: NOT SPECIFIED | $5,000 |
Atlanta, GA PURPOSE: NOT SPECIFIED | $3,340 |
Atlanta, GA PURPOSE: NOT SPECIFIED | $3,340 |
Atlanta, GA PURPOSE: NOT SPECIFIED | $1,000 |
ANGEL DOG RESCUE INC PURPOSE: NOT SPECIFIED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gerstner Family Foundation Palm Beach, FL | $0 | $14,356,897 |
C And A Johnson Family Foundation Palm Beach, FL | $1,837,672 | $36,829,878 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Bernard A Egan Foundation Inc Fort Pierce, FL | $114,916,843 | $8,190,041 |
Volo Foundation West Palm Beach, FL | $90,593,574 | $39,243,296 |
Lucy Gooding Charitable Foundation Trust Jacksonville, FL | $96,067,891 | $12,365,661 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Raether 1985 Charitable Trust West Palm Beach, FL | $51,858,010 | $28,246,620 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
George Jenkins Foundation Inc Lakeland, FL | $24,813,802 | $4,640,014 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Darnall W Boyd Foundation Inc Columbia, SC | $0 | $6,239,520 |