Phillips Foundation
- Assets
- $191.4k
- Revenue
- $514.0
- Investments
- $173.5k
- Employees
- 0
- Location
- Palmdale, CA
- Founding
- 03/1953
- Data as of
- 12/2022
- EIN
- 95-6042761
Organization Overview
Phillips Foundation is located in Palmdale, CA. The organization was established in 1953. 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. Phillips 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 12/2022, Phillips Foundation generated $514.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (42.3%) each year. All expenses for the organization totaled $105.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Phillips Foundation has awarded 11 individual grants totaling $256,390. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING PRODUCTION OF FILMS WITH A RELIGIOUS SOCIETAL BENEFIT.
FUNDING NURSING FACILITIES THAT PROVIDE MEDICAL CARE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donovan Bernauer Treasurer | 2 | $26,000 | |
Crystal Bernauer President | 2 | $26,000 | |
Katharine Kraus Secretary | 2 | $26,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $79 |
| Dividends & Interest | $6,214 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,867 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $88 |
| Total Revenue | $514 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $78,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $157 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $83,296 |
| Contributions, gifts, grants paid | $22,000 |
| Total expenses and disbursements | $105,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,868 |
| 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 | $173,533 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $191,401 |
| 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 Foundation has awarded $22,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EFFULGENCE FOUNDATION PURPOSE: SUPPORT FOR CURRENT FILM PROJECTS | $12,000 |
BROADVIEW INC PURPOSE: SUPPORT FOR NURSING CARE | $10,000 |