Philecology Foundation
- Assets
- $89.8m
- Revenue
- $56.2m
- Investments
- $107.5k
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 07/2007
- Data as of
- 06/2022
- EIN
- 20-8987808
Organization Overview
Philecology Foundation is located in Fort Worth, TX. The organization was established in 2007. 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. Philecology 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 06/2022, Philecology Foundation generated $56.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 68.7% each year . All expenses for the organization totaled $3.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Philecology Foundation has awarded 15 individual grants totaling $20,811,641. 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 |
|---|---|---|---|
Edward P Bass President, Director | 0.5 | $0 | |
Gary W Reese Vp, Asst Treas | 0.5 | $0 | |
Thomas W White Vp, Treas, Asst Sec, Direc | 0.5 | $0 | |
Dee Steer Secretary, Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,639,898 |
| Dividends & Interest | $7 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $53,516,357 |
| Total Revenue | $56,156,262 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $740,935 |
| Taxes | $888,687 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,755,729 |
| Total operating and administrative expenses | $3,435,276 |
| Contributions, gifts, grants paid | $120,000 |
| Total expenses and disbursements | $3,555,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,640,395 |
| Net Accounts receivable | $13,673,272 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $60,075,748 |
| 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 | $340,046 |
| Total assets | $89,836,941 |
| 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 | $19,108,016 |
| Other liabilities | $0 |
| Total liabilities | $19,108,016 |
Grants Awarded
Over the last fiscal year, Philecology Foundation has awarded $1,745,688 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS CHRISTIAN UNIVERSITY PURPOSE: CHRISTINA AND MARK JOHNSON ENDOWED SCHOLARSHIP | $600,000 |
MULTIPURPOSE ARENA FORT WORTH PURPOSE: MULTIPURPOSE ARENA | $1,145,688 |