Phos Foundation
- Assets
- $22.5m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Great Falls, VA
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 81-4245345
The information for Phos Foundation is as of the organization's most recent filing in December '21. This organization is located in Great Falls, VA. It has been in existence for 4 years, following its founding in 2017.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Phos Foundation's NTEE code is T22. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "22" tells us that the organization is a Private Independent Foundation. The NTEE describes Private Independent Foundations as private foundations that make grants based on charitable endowments. These foundations are primarily focused on grantmaking and generally do not actively raise funds or seek public financial support. Private Independent Foundations are commonly endowed, usually from a single individual or family.
Grant History
Our dataset includes four years of grant history for the Phos Foundation. Over the course of these four years, the foundation has awarded a total of 25 grants, with an average check size of $152,500. The foundation has awarded grants in various sectors, with a focus on Education (4 grants), Arts, Culture & Humanities (4 grants), and Religion-Related (3 grants). The organization has distributed grants across multiple states, with the highest number of awards in DC (11 grants), followed by IL (5 grants), VA (4 grants), MD (2 grants), and TN, PA, and TX each receiving 1 grant.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn A Youngkin Director And Secretary | 0.5 | $0 | |
Suzanne S Youngkin Director, President & Treasurer | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,161,250 |
| Interest on Savings | $294 |
| Dividends & Interest | $67,130 |
| Net Rental Income | $2 |
| Net Gain on Sale of Assets | $944,174 |
| Capital Gain Net Income | $944,174 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,172,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,275 |
| Total operating and administrative expenses | $59,819 |
| Contributions, gifts, grants paid | $1,315,000 |
| Total expenses and disbursements | $1,374,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,408 |
| Savings and temporary cash investments | $575,588 |
| 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 | $21,950,000 |
| Total assets | $22,532,996 |
| 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 | $10,000 |
| Total liabilities | $10,000 |
Grants Awarded
Over the last fiscal year, Phos Foundation has awarded $1,315,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MUSEUM OF THE BIBLE PURPOSE: GENERAL USE | $400,000 |
Washington, DC PURPOSE: GENERAL USE | $325,000 |
Allen, TX PURPOSE: GENERAL USE | $300,000 |
SMU CENTER FOR FAITH & LEARNING PURPOSE: GENERAL USE | $150,000 |
Blacksburg, VA PURPOSE: GENERAL USE | $50,000 |
Naperville, IL PURPOSE: GENERAL USE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |