The Phase Foundation
- Assets
- $3.7m
- Revenue
- $155.6k
- Investments
- $2.3m
- Employees
- 0
- Location
- Germantown, MD
- Founding
- 05/1989
- Data as of
- 12/2022
- EIN
- 52-1611434
Organization Overview
The Phase Foundation is located in Germantown, MD. The organization was established in 1989. 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. Phase 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, Phase Foundation generated $155.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $348.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Phase Foundation has awarded 381 individual grants totaling $2,095,000. 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 |
|---|---|---|---|
Catherine L Hekimian Trustee | 16 | $19,125 | |
Joan E Hekimian Trustee | 0 | $0 | |
Christopher Hekimian Trustee | 0 | $0 | |
Allison H Sitar Trustee | 0 | $0 | |
A Mark Kenchtel Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $278 |
| Dividends & Interest | $70,592 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,668 |
| Capital Gain Net Income | $84,668 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $40 |
| Total Revenue | $155,578 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,125 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,808 |
| Depreciation | $0 |
| Occupancy | $23,175 |
| Travel, conferences, and meetings | $6,146 |
| Printing and publications | $0 |
| Other expenses | $22,236 |
| Total operating and administrative expenses | $78,755 |
| Contributions, gifts, grants paid | $270,000 |
| Total expenses and disbursements | $348,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,463,714 |
| 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 | $4,101 |
| Total assets | $3,747,436 |
| Accounts payable and accrued expenses | $5,265 |
| Grants payable | $270,000 |
| 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 | $275,265 |
Grants Awarded
Over the last fiscal year, The Phase Foundation has awarded $270,000 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
A WIDER CIRCLE PURPOSE: TO FUND BEDS, FURNITURE, AND OTHER ESSENTIALS FOR FAMILIES LIVING IN POVERTY. | $2,000 |
BIG LIFE FOUNDATION PURPOSE: TO FUND RANGER PROGRAM TO CONTINUE ANTI-POACHING & WILDLIFE SECURITY WORK IN EAST AFRICA. | $5,000 |
COLONIAL WILLIAMSBURG FOUNDATION PURPOSE: TO FUND CARE FOR RARE HISTORIC LIVESTOCK BREEDS. | $2,000 |
HOPE HOUSE PURPOSE: TO SUPPORT READING PROGRAM, SUMMER CAMP, AND COLLEGE CHALLENGE. | $9,000 |
HOUSING UNLIMITED PURPOSE: TO SUPPORT TENNANT EMPOWERMENT PROGRAM FOR PEOPLE IN MENTAL HEALTH RECOVERY. | $3,000 |
MONTGOMERY HOSPICE INC PURPOSE: TO FUND GRIEF SUPPORT PROGRAM, INCLUDING COUNSELORS. | $3,000 |