Phicas Foundation
- Assets
- $2.3m
- Revenue
- $230.4k
- Investments
- $2.1m
- Employees
- 0
- Location
- Mt Pleasant, SC
- Founding
- 07/2016
- Data as of
- 12/2023
- EIN
- 81-6166962
Organization Overview
Phicas Foundation is located in Mt Pleasant, SC. The organization was established in 2016. 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. Phicas 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, Phicas Foundation generated $230.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $142.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Phicas Foundation has awarded 285 individual grants totaling $941,152. 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 |
|---|---|---|---|
Kent Griffin Trustee | 5 | $0 | |
Coleen Griffin Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $104,895 |
| Interest on Savings | $0 |
| Dividends & Interest | $68,426 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,068 |
| Capital Gain Net Income | $57,068 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $230,389 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,576 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,371 |
| Contributions, gifts, grants paid | $140,000 |
| Total expenses and disbursements | $142,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,150 |
| Savings and temporary cash investments | $61,796 |
| 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 | $2,125,085 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,305,031 |
| 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, Phicas Foundation has awarded $140,000 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FOUNDATION OF SUICIDE PREVENTION PURPOSE: HEALTH | $1,500 |
BOOKS FOR KEEPS PURPOSE: EDUCATION | $2,500 |
ARM IN ARMEVERY TOWN PURPOSE: COMMUNITY | $2,500 |
CHARLESTON STAGE PURPOSE: ARTS & CULTURE | $500 |
CHARLESTON AREA URBAN LEAGUE PURPOSE: COMMUNITY | $1,000 |
CHARLESTON WATERKEEPERS PURPOSE: ENVIRONMENT | $20,000 |