Phillips-Strickland Charities
- Assets
- $4.5m
- Revenue
- $486.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Bangor, ME
- Founding
- 02/2001
- Data as of
- 12/2022
- EIN
- 01-0523156
Organization Overview
Phillips-Strickland Charities is located in Bangor, ME. The organization was established in 2001. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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-Strickland Charities 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-Strickland Charities generated $486.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $288.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED TO BENEFIT AND FURTHER THE EXEMPT PURPOSES OF PHILLIPS-STRICKLAND HOUSE CORPORATION, A MAINE NONPROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS TO PHILLIPS-STRICKLAND HOUSE TO FURTHER ITS NONPROFIT MISSION - SENIOR CITIZEN HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Rozeboom President | OfficerTrustee | 0.5 | $0 |
Edward Youngblood Vice President | OfficerTrustee | 0.5 | $0 |
Glen Porter ESQ Treasurer | OfficerTrustee | 0.5 | $0 |
Graceann Feher Secretary | OfficerTrustee | 0.5 | $0 |
Albert Gibson Member At Large | Trustee | 0.5 | $0 |
Mary Clift Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $60,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,580 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,580 |
| Total Program Service Revenue | $0 |
| Investment income | $85,486 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $329,242 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $486,308 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $270,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,370 |
| Fees for services: Other | $35 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $288,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,095 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,414,730 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,503,825 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $292,761 |
| Net assets with donor restrictions | $4,211,064 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,503,825 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vincent B And Barbara G Welch Supporting Organization Ellsworth, ME | $7,533,099 | $331,437 |
Friends Of Lafayette House Portsmouth, NH | $761,647 | $729,336 |
Baxter Park Wilderness Fund Tr Harpswell, ME | $31,664,666 | $1,261,704 |
Phillips-Strickland Charities Bangor, ME | $4,503,825 | $486,308 |
Edith E Celley Irrv Tr 55005200 Hanover, NH | $1,180,043 | $68,875 |
Weeks Medical Center Auxiliary Lancaster, NH | $47,337 | $0 |
Raymond Huntley Fbo Velma Huntley Trust Bedford, NH | $381,146 | $19,348 |
Friends Of The Hebron Library Hebron, NH | $13,513 | $0 |
Maine Community Supporting Foundation Ellsworth, ME | $0 | $0 |
Speare Memorial At Boulder Point Plymouth, NH | $6,707,046 | -$12,878 |
Upper Valley Lake Sunapee Regional Planning Foundation Lebanon, NH | $2,829 | $0 |