Cyrus W And Amy F Jones And Bessie D Phelps Foundation Inc
- Assets
- $3.7m
- Revenue
- $389.9k
- Investments
- $3.3m
- Employees
- 0
- Location
- Fairfield, CT
- Founding
- 07/1976
- Data as of
- 09/2023
- EIN
- 06-0943204
Organization Overview
Cyrus W And Amy F Jones And Bessie D Phelps Foundation Inc is located in Fairfield, CT. The organization was established in 1976. 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. Cyrus W And Amy F Jones And Bessie D Phelps Foundation Inc 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 09/2023, Cyrus W And Amy F Jones And Bessie D Phelps Foundation Inc generated $389.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $319.8k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Cyrus W And Amy F Jones And Bessie D Phelps Foundation Inc has awarded 167 individual grants totaling $942,000. 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 |
|---|---|---|---|
Alexander R Nestor Trustee-Vice President & S | 12 | $32,625 | |
Aram H Tellalian III Trustee-Vice President | 4 | $16,315 | |
Robert S Tellalian Jr Trustee-President & Treasu | 12 | $32,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $75,355 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $314,509 |
| Capital Gain Net Income | $314,509 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $389,869 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $81,565 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,754 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,790 |
| Total operating and administrative expenses | $139,829 |
| Contributions, gifts, grants paid | $180,000 |
| Total expenses and disbursements | $319,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3 |
| Savings and temporary cash investments | $366,046 |
| 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 | $3,713,566 |
| Accounts payable and accrued expenses | $1,019 |
| 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 | $4,968 |
| Total liabilities | $5,987 |
Grants Awarded
Over the last fiscal year, Cyrus W And Amy F Jones And Bessie D Phelps Foundation Inc has awarded $180,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ARMENIAN CHURCH OF THE HOLY ASCESION PURPOSE: OPERATIONS | $4,000 |
BOROUGHS COMMUNITY CENTER PURPOSE: PROGRAMS | $4,000 |
BRADY'S SMILE PURPOSE: OPERATIONS | $3,000 |
BRIDGEPORT RESCUE MISSION PURPOSE: OPERATIONS | $3,000 |
BRIDGE HOUSE INC PURPOSE: OPERATIONSOPERATIONS | $3,000 |
CATHOLIC CHARITIES OF FAIRFIELD COUNTY PURPOSE: OPERATIONS | $6,000 |