Earl N Phillips Jr Family Fdn
- Assets
- $896.9k
- Revenue
- $163.3k
- Investments
- $866.7k
- Employees
- 0
- Location
- High Point, NC
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 91-1941861
Organization Overview
Earl N Phillips Jr Family Fdn is located in High Point, NC. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Earl N Phillips Jr Family Fdn 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, Earl N Phillips Jr Family Fdn generated $163.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $112.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Earl N Phillips Jr Family Fdn has awarded 178 individual grants totaling $807,655. 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 |
|---|---|---|---|
Earl N Phillips Jr Dir/pres/tre | 0 | $0 | |
Courtney Phillips Hyder Dir/sec | 0 | $0 | |
Jordan N Phillips Vp/dir | 0 | $0 | |
Kimberly G Phillips Dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $157,856 |
| Interest on Savings | $445 |
| Dividends & Interest | $4,718 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $242 |
| Capital Gain Net Income | $5,601 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $163,261 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $104 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,030 |
| Total operating and administrative expenses | $5,059 |
| Contributions, gifts, grants paid | $107,560 |
| Total expenses and disbursements | $112,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,170 |
| 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 | $896,887 |
| 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, Earl N Phillips Jr Family Fdn has awarded $107,560 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CHAPEL OF THE CROSS PURPOSE: ANNUAL FUND | $22,000 |
BE LOUD SOPHIE FOUNDATION PURPOSE: ANNUAL FUND | $500 |
BEYOND TYPE 1 PURPOSE: ANNUAL FUND | $2,500 |
CRISIS ASSISTANCE PURPOSE: ANNUAL FUND | $10,000 |
CHARLESTON DAY SCHOOL PURPOSE: ANNUAL FUND | $10,000 |
EDUCATIONAL FOUNDATION PURPOSE: ANNUAL FUND | $4,550 |