Phillips-Strickland Charities
- Assets
- $5.4m
- Revenue
- $599.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Bangor, ME
- Founding
- 02/2001
- Data as of
- 12/2021
- 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 12/2021, Phillips-Strickland Charities generated $599.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $227.8k during the year ending 12/2021. 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
2021
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 |
|---|---|---|---|
Glen Porter ESQ Treasurer | OfficerTrustee | 0.5 | $0 |
Graceann Feher Secretary | OfficerTrustee | 0.5 | $0 |
Kenneth Rozeboom President | OfficerTrustee | 0.5 | $0 |
Edward Youngblood Vice President | OfficerTrustee | 0.5 | $0 |
Wayne Woodford Executive Director | Officer | 0.5 | $0 |
Sheldon Brett Executive Director | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $85,087 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,012 |
| Total Program Service Revenue | $0 |
| Investment income | $78,566 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $418,278 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $599,856 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $210,000 |
| 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 | $2,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,256 |
| Fees for services: Other | $0 |
| 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 | $35 |
| Total functional expenses | $227,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,318 |
| 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 | $5,271,753 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,352,071 |
| 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 | $214,635 |
| Net assets with donor restrictions | $5,137,436 |
| 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 | $5,352,071 |
Endowment Analysis
| Beg. Balance | $4,683,699 |
| Earnings | $713,126 |
| Admin Expense | $159 |
| Net Contributions | $85,087 |
| Other Expense | $210,000 |
| Ending Balance | $5,271,753 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Lafayette House Portsmouth, NH | $531,938 | $456,322 |
Baxter Park Wilderness Fund Tr Harpswell, ME | $27,121,731 | $319,013 |
Vincent B And Barbara G Welch Supporting Organization Ellsworth, ME | $9,035,802 | $525,715 |
Phillips-Strickland Charities Bangor, ME | $5,352,071 | $599,856 |
Edith E Celley Irrv Tr 55005200 Hanover, NH | $1,182,196 | $152,744 |
Raymond Huntley Fbo Velma Huntley Trust Bedford, NH | $389,349 | $33,737 |
Weeks Medical Center Auxiliary Lancaster, NH | $55,732 | $0 |
Friends Of The Hebron Library Hebron, NH | $13,513 | $0 |
Upper Valley Lake Sunapee Regional Planning Foundation Lebanon, NH | $2,829 | $0 |
Speare Memorial At Boulder Point Plymouth, NH | $5,439,318 | $117,400 |
Maine Community Supporting Foundation Ellsworth, ME | $0 | $0 |