Arthur W Phillips Trust Uw
- Assets
- $12.3m
- Revenue
- $371.5k
- Investments
- $11.8m
- Employees
- 0
- Location
- Oil City, PA
- Founding
- 06/1980
- Data as of
- 09/2023
- EIN
- 25-6201015
Organization Overview
Arthur W Phillips Trust Uw is located in Oil City, PA. The organization was established in 1980. 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. Arthur W Phillips Trust Uw 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, Arthur W Phillips Trust Uw generated $371.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.7%) each year. All expenses for the organization totaled $1.1m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Arthur W Phillips Trust Uw has awarded 145 individual grants totaling $3,350,055. 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 |
|---|---|---|---|
Robert W Mcfate Trustee | 5 | $17,500 | |
Larry S Adams Trustee | 5 | $13,500 | |
Trenton E Moulin Trustee | 5 | $13,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24 |
| Dividends & Interest | $488,660 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$159,914 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $42,713 |
| Total Revenue | $371,483 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $44,500 |
| Other employee salaries and wages | $40,379 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,083 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $68 |
| Other expenses | $8,178 |
| Total operating and administrative expenses | $177,017 |
| Contributions, gifts, grants paid | $926,350 |
| Total expenses and disbursements | $1,103,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $344,274 |
| 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 | $1,847,037 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $168,172 |
| Total assets | $12,319,441 |
| 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, Arthur W Phillips Trust Uw has awarded $926,350 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
BELLE LETTRES CLUB PURPOSE: NEW BOILER. | $20,000 |
BENEDICTINE SISTERS OF ERIE PURPOSE: UPGRADES TO FIVE SISTER'S BEDROOMS, | $9,000 |
CLARION COUNTY ECONOMIC DEVELOPMENT CORP PURPOSE: CONSULTATION FOR COLLABORATION WITH HEALTHCARE FACILITIES IN CLARION. | $25,000 |
FOXBURG FREE LIBRARY ASSOCIATION PURPOSE: NEW BOILER. | $5,000 |
GANNON UNIVERSITY PURPOSE: EQUIPMENT FOR BIOMETRICS LAB. | $25,000 |
OIL CITY AREA SCHOOLS HEALTH DEPT PURPOSE: VISION AND HEARING SCREENING EQUIPMENT. | $13,000 |