Philantropic Foundation
- Assets
- $67.8k
- Revenue
- $8.7k
- Investments
- $54.7k
- Employees
- 0
- Location
- Washington, DC
- Founding
- 01/2008
- Data as of
- 12/2022
- EIN
- 26-0498077
Organization Overview
Philantropic Foundation is located in Washington, DC. The organization was established in 2008. 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. Philantropic 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, Philantropic Foundation generated $8.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $3.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Malcolm Sterrett Prsident | 1 | $0 | |
Bruce Whelihan Treasurer | 2 | $0 | |
Timothy Matz General Counsel | 0 | $0 | |
Geoffrey Baker Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,038 |
| Interest on Savings | $359 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,708 |
| Capital Gain Net Income | $3,708 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $624 |
| Total Revenue | $8,729 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,125 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,162 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $67,839 |
| 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, Philantropic Foundation has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SKL INC PURPOSE: GRANT | $5,000 |
Concord, MA PURPOSE: HELP EDUCATE YOUNG WOMEN IN CAMBODIA | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Philantropic Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
The Matz Family Foundation Washington, DC PURPOSE: SUPPORT CHARITABLE GRANTS FOR SCHOOLS | $1,000 |
John Jay Hopkins Foundation Studio City, CA PURPOSE: EDUCATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
National Minority Quality Forum Inc Washington, DC | $4,852,871 | $11,649,230 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
Robert H Smith Family Foundation Arlington, VA | $10,315,724 | -$3,599,936 |
Williamsburg Community Health Foundation Inc Williamsburg, VA | $158,429,478 | $19,657,852 |
D N Batten Foundation Norfolk, VA | $40,087,473 | $15,778,075 |
Police Foundation Arlington, VA | $4,608,281 | $7,529,893 |
Bunting Family Foundation Inc Hunt Valley, MD | $77,241,028 | $11,626,608 |
The Hillside Foundation Washington, DC | $1,669 | $8,095,121 |