Ellen & Samuel Phelan Family Foundation Inc
- Assets
- $1.2m
- Revenue
- $49.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- Red Hook, NY
- Founding
- 11/2003
- Data as of
- 12/2023
- EIN
- 80-0026536
Organization Overview
Ellen & Samuel Phelan Family Foundation Inc is located in Red Hook, NY. The organization was established in 2003. 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. Ellen & Samuel Phelan Family 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 12/2023, Ellen & Samuel Phelan Family Foundation Inc generated $49.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $81.1k during the year ending 12/2023. While expenses have increased by 13.9% per year over the past 8 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 2016, Ellen & Samuel Phelan Family Foundation Inc has awarded 334 individual grants totaling $324,541. 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 |
|---|---|---|---|
Ellen C Phelan President/ Director | 1 | $0 | |
Samuel P Phelan Director | 1 | $0 | |
Michael J Del Vecchio Treasurer/secretary/director | 1 | $750 | |
Sally Phelan Del Vecchio Director | 1 | $0 | |
John C Phelan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,029 |
| Dividends & Interest | $40,154 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,979 |
| Capital Gain Net Income | $7,979 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,162 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,818 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6 |
| Total operating and administrative expenses | $9,290 |
| Contributions, gifts, grants paid | $71,805 |
| Total expenses and disbursements | $81,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $125,913 |
| 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 | $476,690 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,217,124 |
| 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, Ellen & Samuel Phelan Family Foundation Inc has awarded $71,805 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FOREST FOUNDATION PURPOSE: GENERAL PURPOSE | $50 |
AMERICAN LIVER FOUNDATIONRUN FOR RESEARCH PURPOSE: GENERAL PURPOSE | $500 |
ARTISTS ASSOCIATION OF NANTUCKET PURPOSE: GENERAL PURPOSE | $500 |
AMERICAN SOCIETY OF PLANT TAXONOMISTS PURPOSE: GENERAL PURPOSE | $500 |
BARD COLLEGE FISHER CENTER PURPOSE: GENERAL PURPOSE | $1,500 |
CATHOLIC DIOCESE OF ARLINGTON PURPOSE: GENERAL PURPOSE | $500 |