William H Phipps Foundation
- Assets
- $6.7m
- Revenue
- $209.5k
- Investments
- $6.3m
- Employees
- 0
- Location
- Hudson, WI
- Founding
- 11/1951
- Data as of
- 04/2023
- EIN
- 39-6043312
Organization Overview
William H Phipps Foundation is located in Hudson, WI. The organization was established in 1951. 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. William H Phipps 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 04/2023, William H Phipps Foundation generated $209.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $242.2k during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William H Phipps Foundation has awarded 84 individual grants totaling $1,977,264. 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 |
|---|---|---|---|
Jill Burchill President | 0.5 | $0 | |
Monica Weekes Vicepres&sec | 0.5 | $0 | |
Eric G Johnson Director | 0.5 | $0 | |
Christine Carufel Director | 0.5 | $0 | |
Ryan Cari Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36,235 |
| Dividends & Interest | $151,071 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,187 |
| Capital Gain Net Income | $22,187 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $209,493 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,177 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $500 |
| Total operating and administrative expenses | $41,513 |
| Contributions, gifts, grants paid | $200,667 |
| Total expenses and disbursements | $242,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,290 |
| Savings and temporary cash investments | $283,558 |
| 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 | $1,640,842 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,670,026 |
| 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, William H Phipps Foundation has awarded $200,667 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HUDSON SCHOOL DISTRICT PURPOSE: EDUCATION | $15,000 |
NORTHERN STAR COUNCIL OF BSA PURPOSE: OPERATING | $6,000 |
OPERATION HELP PURPOSE: COMMUNITY NEEDS | $30,000 |
PHIPPS CENTER FOR THE ART PURPOSE: ANNUAL SUPPORT | $101,667 |
YOUTH ACTION HUDSON PURPOSE: PROGRAM SUPPORT | $10,000 |
TURNINGPOINT PURPOSE: PROGRAM SUPPORT | $17,000 |