Phillips And Due Foundation
- Assets
- $65.7k
- Revenue
- $142.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Groveton, TX
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 82-4765336
Organization Overview
Phillips And Due Foundation is located in Groveton, TX. The organization was established in 2019. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phillips And Due 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 And Due Foundation generated $142.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $138.3k during the year ending 12/2023. While expenses have increased by 21.2% per year over the past 5 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 2019, Phillips And Due Foundation has awarded 92 individual grants totaling $230,290. 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 |
|---|---|---|---|
Name Not Listed Director | 1 | $0 | |
James Choate President | 1 | $0 | |
Dean Due Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,715 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $109,744 |
| Total Revenue | $142,459 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,794 |
| Total operating and administrative expenses | $42,534 |
| Contributions, gifts, grants paid | $95,792 |
| Total expenses and disbursements | $138,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,688 |
| Savings and temporary cash investments | $40,000 |
| 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 | $0 |
| Total assets | $65,688 |
| 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 And Due Foundation has awarded $95,792 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
APPLE SPRINGS FFA PURPOSE: GENERAL CHARITABLE | $1,000 |
APPLE SPRINGS ISD PURPOSE: GENERAL CHARITABLE | $1,500 |
APPLE SPRINGS VOLUNTEER FIRE DEPT PURPOSE: GENERAL CHARITABLE | $1,000 |
CENTERVILLE EX-STUDENTS PURPOSE: GENERAL CHARITABLE | $1,000 |
CENTERVILLE ISD PURPOSE: GENERAL CHARITABLE | $250 |
CENTERVILLE FFA PURPOSE: GENERAL CHARITABLE | $1,500 |