Phillips University
- Assets
- $0.0
- Revenue
- $42.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Enid, OK
- Founding
- 03/1942
- Data as of
- 06/2021
- EIN
- 73-0579267
Organization Overview
Phillips University is located in Enid, OK. The organization was established in 1942. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Phillips University employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phillips University 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 06/2021, Phillips University generated $42.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (43.0%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Phillips University has awarded 14 individual grants totaling $4,921,149. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GRANTS AND SCHOLARSHIPS TO AID IN FUNDING LIBERAL ARTS PRIVATE HIGHER EDUCATION.
Describe the Organization's Program Activity:
TO MAKE SCHOLARSHIPS AND/OR GRANTS AVAILABLE TO: (I) INDIVIDUALS PURSUING A LIBERAL ARTS CURRICULUM AND ATTENDING A PRIVATE COLLEGE OR UNIVERSITY; AND (II) FACULTY AND STAFF OF PRIVATE, LIBERAL ARTS COLLEGES OR UNIVERSITIES PURSUING ADVANCED EDUCATIONAL STUDIES, IN ORDER TO ENABLE BOTH TO PAY THE EXPENSES OF HIGHER EDUCATION AND TO RECEIVE A HIGHER QUALITY OF EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Coker Vice President/exec Director | Officer | 22 | $77,742 |
Gene Challenner Secretary | OfficerTrustee | 1 | $0 |
Barry K Robinson Chair | OfficerTrustee | 1 | $0 |
Tom Walker Trustee | Trustee | 1 | $0 |
Don Alexander Trustee | Trustee | 1 | $0 |
Kirby Gould Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $18,348 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,007 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,868 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,336 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,174,012 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,189 |
| Compensation of current officers, directors, key employees. | $25,313 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,232 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,637 |
| Payroll taxes | $19,648 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,738 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,011 |
| Fees for services: Other | $2,168 |
| Advertising and promotion | $0 |
| Office expenses | $1,864 |
| Information technology | $4,211 |
| Royalties | $0 |
| Occupancy | $4,403 |
| Travel | $27 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $954 |
| All other expenses | $1,089 |
| Total functional expenses | $3,330,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Phillips University has awarded $3,173,963 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PHILLIPS UNIVERSITY LEGACY FOUNDATION PURPOSE: General Funding/ | $3,140,437 |
PHILLIPS UNIVERSITY ALUMNI AND FRIENDS ASSOCIATION PURPOSE: GENERAL FUNDING | $33,526 |