Phillipy Family Scholarship Fund
- Assets
- $497.3k
- Revenue
- $6.4k
- Investments
- $492.1k
- Employees
- 0
- Location
- Towson, MD
- Founding
- 10/2001
- Data as of
- 12/2023
- EIN
- 31-6671524
Organization Overview
Phillipy Family Scholarship Fund is located in Towson, MD. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phillipy Family Scholarship Fund 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, Phillipy Family Scholarship Fund generated $6.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (48.2%) each year. All expenses for the organization totaled $37.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Phillipy Family Scholarship Fund has awarded 12 individual grants totaling $123,813. 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 |
|---|---|---|---|
John C Baldwin Trustee | 0 | $0 | |
Mark Fischer Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,118 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,812 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $119 |
| Total Revenue | $6,425 |
| 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 | $4,878 |
| Contributions, gifts, grants paid | $32,344 |
| Total expenses and disbursements | $37,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,204 |
| 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 | $190,207 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $497,300 |
| 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, Phillipy Family Scholarship Fund has awarded $32,344 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MCDANIEL COLLEGE PURPOSE: SCHOLARSHIP | $8,144 |
TOWSON UNIVERSITY PURPOSE: SCHOLARSHIP | $12,000 |
LEBANON VALLEY COLLEGE PURPOSE: SCHOLARSHIPSCHOLARSHIP | $12,200 |