Phipps Neighborhoods Inc

Organization Overview

Phipps Neighborhoods Inc is located in New York, NY. The organization was established in 1973. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Phipps Neighborhoods Inc employed 351 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phipps Neighborhoods 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 06/2021, Phipps Neighborhoods Inc generated $30.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $14.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE EDUCATIONAL & SOCIAL SERVICES TO LOW-INCOME INDIVIDUALS, TYPICALLY IN COMMUNITIES IN WHICH PHIPPS HOUSES OWNS AND/OR SPONSORS DEVELOPMENTS. (CONTINUED ON SCHEDULE O)

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O


SEE SCHEDULE O


SEE SCHEDULE O


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
B Green Construction Corp
Construction Service
$663,117
Astor Services For Children And Fam
Child Care Agency
$178,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$10,858
Membership dues$0
Fundraising events$1,131,845
Related organizations$82,068
Government grants $26,487,892
All other contributions, gifts, grants, and similar amounts not included above$1,309,592
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$29,022,255
Total Program Service Revenue$884,269
Investment income $112,151
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $180,322
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $30,198,997

Grants Recieved

Over the last fiscal year, we have identified 19 grants that Phipps Neighborhoods Inc has recieved totaling $909,501.

Awarding OrganizationAmount
Robin Hood Foundation

New York, NY

PURPOSE: POVERTY RELIEF

$250,000
Charina Foundation Inc

New York, NY

PURPOSE: GENERAL SUPPORT

$146,000
Goldman Sachs Charitable Gift Fund

New York, NY

PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS

$100,000
Pinkerton Foundation

New York, NY

PURPOSE: CAREER READINESS

$100,000
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$56,500
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$56,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,612,480
Earnings$1,888,831
Ending Balance$8,501,311

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