Philadelphia Award
- Assets
- $1.8m
- Revenue
- $76.0k
- Investments
- $1.7m
- Employees
- 0
- Location
- Hershey, PA
- Founding
- 11/1930
- Data as of
- 12/2023
- EIN
- 23-6414396
Organization Overview
Philadelphia Award is located in Hershey, PA. The organization was established in 1930. 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. Philadelphia Award 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 12/2023, Philadelphia Award generated $76.0k 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 (6.9%) each year. All expenses for the organization totaled $124.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryn Mawr Trust Trustee | 5 | $917 | |
Curtis Kise Trustee | 1 | $0 | |
John William Chin Trustee | 1 | $0 | |
Andrea Allon Trustee | 1 | $0 | |
Greg Deshields Trustee | 1 | $0 | |
Jeri Lynn Johnson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,409 |
| Dividends & Interest | $48,514 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,100 |
| Capital Gain Net Income | $23,100 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $76,023 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $917 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $442 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,966 |
| Total operating and administrative expenses | $99,938 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $124,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310 |
| Savings and temporary cash investments | $44,924 |
| 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 | $1,537,841 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,781,156 |
| 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, Philadelphia Award has awarded $56,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BALLETX PURPOSE: GENERAL OPERATING | $1,000 |
ALA STANFORD HEALTH CENTER PURPOSE: GENERAL OPERATING | $15,000 |
IT TAKES PHILLY PURPOSE: GENERAL OPERATING | $15,000 |
SHARING EXCESS PURPOSE: GENERAL OPERATING | $5,000 |
SMALL THINGS INC PURPOSE: GENERAL OPERATING | $5,000 |
MARGARUX MURPHY PURPOSE: PHILADELPHIA AWARD | $15,000 |