Joseph C And Phyllis T Charitable Foundation Inc
- Assets
- $274.6k
- Revenue
- $101.7k
- Investments
- $267.8k
- Employees
- 0
- Location
- Belmont, NY
- Founding
- Data as of
- 12/2022
- EIN
- 84-4099693
Organization Overview
Joseph C And Phyllis T Charitable Foundation Inc is located in Belmont, NY. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph C And Phyllis T Charitable 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 12/2022, Joseph C And Phyllis T Charitable Foundation Inc generated $101.7k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $20.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRADUATES WITH SCHOLARSHIPS TO ATTEND COLLEGE OR OTHER ONGOING EDUCATION AND PROVIDE ONGOING SUPPORT FOR THE STUDENTS TO ENSURE THEIR SUCCESS. WE ALSO PROVIDE INFORMATION TO ALL HIGH SCHOOL STUDENTS ABOUT THE EMPLOYMENT OPPORTUNITIES AND BENEFITS OF LIVING IN THE LOCAL AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Herdman President | 3 | $0 | |
Glenn Herdman Treasurer | 2 | $0 | |
Josie Preston Director | 1 | $0 | |
Madison Herdman Director | 1 | $0 | |
Janice Riley Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $89 |
| Dividends & Interest | $3,849 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,284 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $101,654 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $148 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $44 |
| Other expenses | $0 |
| Total operating and administrative expenses | $192 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $20,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,797 |
| Savings and temporary cash investments | $0 |
| 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 | $274,632 |
| 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, Joseph C And Phyllis T Charitable Foundation Inc has awarded $20,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SAVANNAH WARNER PURPOSE: ONGOING SCHOLARSHIP | $2,000 |
CODY SCHNEIDER PURPOSE: ONGOING SCHOLARSHIP | $2,000 |
KATIE BARTLETT PURPOSE: ONGOING SCHOLARSHIP | $2,000 |
AVERY GRUSENDORF PURPOSE: ONGOING SCHOLARSHIP | $2,000 |
MORIAH CLENDUM PURPOSE: ONGOING SCHOLARSHIP | $2,000 |
JONATHON RIZZO PURPOSE: ONGOING SCHOLARSHIP | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |