Wilson W Phelps Foundation
- Assets
- $5.1m
- Revenue
- $630.4k
- Investments
- $4.9m
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 33-0743687
Organization Overview
Wilson W Phelps Foundation is located in Irvine, CA. The organization was established in 1997. 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. Wilson W Phelps 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, Wilson W Phelps Foundation generated $630.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $626.9k during the year ending 12/2022. While expenses have increased by 5.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Wilson W Phelps Foundation has awarded 162 individual grants totaling $3,771,885. 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 W Phelps Chair | 2 | $0 | |
James Phelps Treasurer | 2 | $0 | |
Louise Shamblen Vice Chair | 1 | $0 | |
Carol B Phelps Trustee | 1 | $0 | |
Marlene Mcglensey Secretary | 1 | $0 | |
Becky Mcglensey Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $280,316 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $350,133 |
| Capital Gain Net Income | $350,133 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $630,449 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,765 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$406 |
| Total operating and administrative expenses | $28,359 |
| Contributions, gifts, grants paid | $598,581 |
| Total expenses and disbursements | $626,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $201,876 |
| 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 | $5,052,876 |
| 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, Wilson W Phelps Foundation has awarded $598,581 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB PURPOSE: SCHOLARSHIPS, INSTRUMENTS FOR MUSIC PROGRAM | $44,580 |
CAL STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $40,000 |
THE TROY SUPPORT ORGANIZATION PURPOSE: CABINETRY TO HOUSE EQUIPMENT | $7,189 |
CRITTENTON SERVICES PURPOSE: FUND A TECH INITIATIVE | $25,000 |
ASSISTANCE LEAGUE OF FULLERTON PURPOSE: OPERATION SCHOOL BELL CLOTHING & SCHOOL SUPPLIES FOR CHILDREN | $1,000 |
YMCA PURPOSE: CAPITAL RENOVATION TO STRENGTHEN ROOMS | $8,715 |