Phillips Family Foundation
- Assets
- $1.1m
- Revenue
- $33.4k
- Investments
- $1.0m
- Employees
- 0
- Location
- Elkins, WV
- Founding
- 09/2018
- Data as of
- 12/2023
- EIN
- 82-3713567
Organization Overview
Phillips Family Foundation is located in Elkins, WV. The organization was established in 2018. 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. Phillips Family 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 Family Foundation generated $33.4k 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 (32.6%) each year. All expenses for the organization totaled $87.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Phillips Family Foundation has awarded 108 individual grants totaling $208,592. 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 |
|---|---|---|---|
Craig Phillips President | 1 | $0 | |
Debra S O'neal Treasurer | 1 | $0 | |
Cherri L Sturm Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $224 |
| Dividends & Interest | $33,159 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,383 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $23,444 |
| Contributions, gifts, grants paid | $63,817 |
| Total expenses and disbursements | $87,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,550 |
| 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 | $1,046,292 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,074,842 |
| 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, Phillips Family Foundation has awarded $63,817 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
BELINGTON PUBLIC LIBRARY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE RECEIPIENT | $1,000 |
ALMOST HEAVEN BBQ BASH INC PURPOSE: TO FURTHER THE PURPOSE OF THE RECIPIENT | $2,500 |
MAKE A WISH FOUNDATION PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE RECEIPIENT | $7,479 |
DEDDRIDGE COUNTY FAMILY RESOURCE NE PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE RECEIPIENT | $500 |
BELINGTON VOL FIRE DEPT PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE RECEIPIENT | $1,000 |
CENTRAL FRIENDS OF NRA PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE RECEIPIENT | $1,500 |