Phalarope Foundation
- Assets
- $3.0m
- Revenue
- $268.2k
- Investments
- $3.0m
- Employees
- 0
- Location
- Solon, OH
- Founding
- 06/1993
- Data as of
- 12/2022
- EIN
- 04-6729068
Organization Overview
Phalarope Foundation is located in Solon, OH. The organization was established in 1993. 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. Phalarope 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, Phalarope Foundation generated $268.2k 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 (4.1%) each year. All expenses for the organization totaled $324.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Phalarope Foundation has awarded 167 individual grants totaling $2,506,000. 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 |
|---|---|---|---|
Rebecca H Dent Trustee | 0.4 | $5,995 | |
Sabrina Guth Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19 |
| Dividends & Interest | $76,495 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $191,637 |
| Capital Gain Net Income | $191,637 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $268,151 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,995 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $53 |
| Taxes | $2,854 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,631 |
| Total operating and administrative expenses | $124,318 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $324,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,714 |
| 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 | $2,943,543 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,024,257 |
| 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, Phalarope Foundation has awarded $200,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
WEST HARLEM ENVIRONMENTAL ACTION INC PURPOSE: GENERAL | $10,000 |
GARDENEERS PURPOSE: GENERAL | $10,000 |
COMMUNITIES ORGANIZING LATINX POWER AND ACTION PURPOSE: GENERAL | $20,000 |
SOUTHCOAST COMMUNITY FOUNDATION PURPOSE: FALL FIVER MOCA | $10,000 |
HONDURANS AGAINST AIDS PURPOSE: ONECA PROGRAM AND CASA YURUMEIN PROJECT | $30,000 |
DUBLIN COMMUNITY CENTER PURPOSE: GENERAL | $10,000 |