Reese Phifer Jr Memorial Foundation
- Assets
- $3.5m
- Revenue
- $1.5m
- Investments
- $3.2m
- Employees
- 0
- Location
- Tuscaloosa, AL
- Founding
- 06/1967
- Data as of
- 12/2023
- EIN
- 63-6061552
Organization Overview
Reese Phifer Jr Memorial Foundation is located in Tuscaloosa, AL. The organization was established in 1967. 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. Reese Phifer Jr Memorial 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 12/2023, Reese Phifer Jr Memorial Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.9% each year . All expenses for the organization totaled $284.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Reese Phifer Jr Memorial Foundation has awarded 190 individual grants totaling $964,650. 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 |
|---|---|---|---|
Beverly Phifer Trustee | 5 | $0 | |
Susan Phifer Cork Trustee | 5 | $0 | |
Karen Phifer Brooks Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,400,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $87,721 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$25,630 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,462,091 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $549 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,621 |
| Contributions, gifts, grants paid | $262,850 |
| Total expenses and disbursements | $284,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,507 |
| Savings and temporary cash investments | $142,815 |
| 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 | $0 |
| Total assets | $3,511,810 |
| 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, Reese Phifer Jr Memorial Foundation has awarded $262,850 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
ARTS AND AUTISM PURPOSE: ANNUAL GIVING | $1,000 |
CARING DAYS PURPOSE: ANNUAL GIVING | $1,000 |
CATHOLIC SOCIAL SERVICES OF WEST ALABAMA PURPOSE: ANNUAL GIVING | $100 |
CHAMBER OF COMMERCE (ADOPT A SCHOOL) PURPOSE: AAS, GOLF, MONUMENT | $3,600 |
COMMUNITY FOUNDATION OF WEST ALABAMA PURPOSE: SD ALLEN MINISTRIES | $500 |
COMMUNITY SOUP BOWL PURPOSE: ANNUAL GIVING | $1,000 |