Phillips Foundation
- Assets
- $5.3m
- Revenue
- $197.5k
- Investments
- $5.1m
- Employees
- 0
- Location
- Columbus, MS
- Founding
- 06/1944
- Data as of
- 12/2023
- EIN
- 64-6020136
Organization Overview
Phillips Foundation is located in Columbus, MS. The organization was established in 1944. 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. Phillips 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, Phillips Foundation generated $197.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $237.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Phillips Foundation has awarded 26 individual grants totaling $1,481,552. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL SERVICES, PHARMACEUTICAL AND SUSTENANCE FOR INDIGENT INDIVIDUALS WHO ARE RESIDENTS OF LOWNDES COUNTY, MS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George S Hazard Jr President | 1 | $0 | |
Richard Heard Trustee | 1 | $0 | |
William Rosenblatt Trustee | 1 | $0 | |
John Davis Trustee | 1 | $0 | |
Gordon Flowers Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $373 |
| Dividends & Interest | $158,417 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,752 |
| Capital Gain Net Income | $38,752 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $197,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $15,072 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,186 |
| Depreciation | $0 |
| Occupancy | $2,400 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,293 |
| Total operating and administrative expenses | $81,607 |
| Contributions, gifts, grants paid | $156,228 |
| Total expenses and disbursements | $237,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,593 |
| Savings and temporary cash investments | $70,363 |
| Net Accounts receivable | $2,132 |
| 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 | $5,302,311 |
| Accounts payable and accrued expenses | $756 |
| 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 | $756 |
Grants Awarded
Over the last fiscal year, Phillips Foundation has awarded $156,228 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MEALS ON WHEELS PROGRAM PURPOSE: MEALS ON WHEELS - VALLEY INNOVATIVE SERVICES | $9,600 |
VARIOUS INDIGENT INDIVIDUALS PURPOSE: DRUGS, MEALS, MEDICAL SUPPLIES | $141,628 |
YMCA - DIABETES PARKINSONS PROGRAM PURPOSE: DIABETES FUND RAISER - YMCA | $5,000 |