Philene Foundation
- Assets
- $1.4m
- Revenue
- $52.0k
- Investments
- $955.5k
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2000
- Data as of
- 12/2022
- EIN
- 11-3520681
Organization Overview
Philene Foundation is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Philene 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, Philene Foundation generated $52.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $142.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Philene Foundation has awarded 281 individual grants totaling $865,179. 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 |
|---|---|---|---|
Julie E Herzig Trustee | 0 | $0 | |
Lydia Landesberg Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $31,822 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,135 |
| Capital Gain Net Income | $20,181 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $460 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,854 |
| Total operating and administrative expenses | $4,694 |
| Contributions, gifts, grants paid | $137,750 |
| Total expenses and disbursements | $142,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $359,785 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $35,505 |
| 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 | $1,350,766 |
| 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 | $24,519 |
| Total liabilities | $24,519 |
Grants Awarded
Over the last fiscal year, Philene Foundation has awarded $137,750 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN JEWISH COMMITTEE PURPOSE: GENERAL | $2,000 |
BOWDOIN COLLEGE PURPOSE: EDUCATION | $10,000 |
CHOATE ROSEMARY HALL PURPOSE: EDUCATION | $10,000 |
GOOD SHEPERD FOOD BANK PURPOSE: GENERAL | $2,000 |
PORTLAND MUSEUM OF ART PURPOSE: GENERAL | $3,000 |
THE GREEN VALE SCHOOL PURPOSE: EDUCATION | $6,000 |