Phillips Family Foundation
- Assets
- $1.4m
- Revenue
- $299.8k
- Investments
- $1.4m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 02/2010
- Data as of
- 12/2022
- EIN
- 27-1259958
Organization Overview
Phillips Family Foundation is located in Tulsa, OK. The organization was established in 2010. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Phillips Family 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, Phillips Family Foundation generated $299.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $20.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $274,230 |
| Interest on Savings | $2,078 |
| Dividends & Interest | $15,949 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,519 |
| Capital Gain Net Income | $7,519 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $299,776 |
| 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 | $12,936 |
| Total operating and administrative expenses | $12,936 |
| Contributions, gifts, grants paid | $8,000 |
| Total expenses and disbursements | $20,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,921 |
| Savings and temporary cash investments | $0 |
| 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 | $1,412,326 |
| Accounts payable and accrued expenses | $5,842 |
| 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 | $5,842 |
Grants Awarded
Over the last fiscal year, Phillips Family Foundation has awarded $8,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHERN NEVADA CHILDREN'S CANCER F PURPOSE: TAKE A SWING AT CHILDHOOD CANCER | $3,500 |
NORTHERN NEVADA CHILDREN'S CANCER F PURPOSE: A GIANT EVENT FOR CHILDHOOD CANCER | $1,500 |
NORTHERN NEVADA CHILDREN'S CANCER F PURPOSE: TOURNAMENT OF HOPE | $3,000 |