Irene Hutchinson Phillips Memorial Fund

Organization Overview

Irene Hutchinson Phillips Memorial Fund is located in Morgantown, WV. The organization was established in 1964. 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. Irene Hutchinson Phillips Memorial 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 12/2021, Irene Hutchinson Phillips Memorial Fund generated $9.4k 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 (22.2%) each year. All expenses for the organization totaled $20.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

FOR THE FALL SEMESTER, 2021, SIXTEEN (16) SCHOLARSHIPS TOTALING $16,000 WERE GRANTED TO FRATERNITY MEMBERS WHO A) LIVED IN THE FRATERNITY HOUSE, AND B) MAINTAINED GREATER THAN A 3.2 CUMULATIVE GPA, GRADES WERE CONFIRMED WITH WVU REGISTRAR.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $250
Interest on Savings $0
Dividends & Interest $3,742
Net Rental Income$0
Net Gain on Sale of Assets $5,457
Capital Gain Net Income $5,457
Net ST Capital Gain $31
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $9,449

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