Philip H Corboy Foundation
- Assets
- $1.3m
- Revenue
- $188.1k
- Investments
- $560.0k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1983
- Data as of
- 12/2022
- EIN
- 36-3211607
Organization Overview
Philip H Corboy Foundation is located in Chicago, IL. The organization was established in 1983. 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. Philip H Corboy 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, Philip H Corboy Foundation generated $188.1k 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 (7.0%) each year. All expenses for the organization totaled $805.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Philip H Corboy Foundation has awarded 105 individual grants totaling $5,121,147. 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 |
|---|---|---|---|
Mary A Dempsey President & Director | 10 | $0 | |
Marcy A Twardak Secretary & Director | 5 | $0 | |
Daniel M Kotin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,376 |
| Dividends & Interest | $30,985 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $152,744 |
| Capital Gain Net Income | $152,744 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $188,105 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,578 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $253 |
| Total operating and administrative expenses | $27,242 |
| Contributions, gifts, grants paid | $778,599 |
| Total expenses and disbursements | $805,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,774 |
| Savings and temporary cash investments | $711,560 |
| 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 | $1,306,370 |
| 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, Philip H Corboy Foundation has awarded $778,599 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BIG SHOULDERS FUND PURPOSE: GENERAL CHARITABLE PURPOSES | $100,000 |
BOYS AND GIRLS CLUBS OF CHICAGO PURPOSE: GENERAL CHARITABLE PURPOSES | $500 |
CATHOLIC THEOLOGICAL UNION PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |
CENTER FOR DISABILITY AND ELDER LAW PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |
DANNY DID FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |
CHILDREN AT THE CROSSROADS FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |