Louie M & Betty M Phillips Foundation
- Assets
- $4.3m
- Revenue
- $388.4k
- Investments
- $3.9m
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 06/1978
- Data as of
- 12/2022
- EIN
- 58-1326615
Organization Overview
Louie M & Betty M Phillips Foundation is located in Nashville, TN. The organization was established in 1978. 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. Louie M & Betty M Phillips 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, Louie M & Betty M Phillips Foundation generated $388.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $742.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Louie M & Betty M Phillips Foundation has awarded 519 individual grants totaling $3,253,800. 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 |
|---|---|---|---|
Louie P Buntin CEO | 40 | $194,573 | |
Allison Snavely Program Advi | 40 | $46,960 | |
Equitable Trust Company Trustee | 1.5 | $30,940 | |
Caldwell Buntin Director | 0.5 | $500 | |
Laurel Buntin Director | 0.5 | $500 | |
Leigh Buntin Johnson Director | 0.5 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,920 |
| Dividends & Interest | $157,434 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $269,624 |
| Capital Gain Net Income | $269,624 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$48,614 |
| Total Revenue | $388,364 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $343,900 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $15,528 |
| Interest | $16 |
| Taxes | $6,272 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,153 |
| Total operating and administrative expenses | $409,253 |
| Contributions, gifts, grants paid | $332,750 |
| Total expenses and disbursements | $742,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,507 |
| Savings and temporary cash investments | $0 |
| 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 | $907,310 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $118,212 |
| Total assets | $4,348,672 |
| 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, Louie M & Betty M Phillips Foundation has awarded $332,750 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
OUR KIDS PURPOSE: TO SUPPORT CHARITY | $5,000 |
ADVENTURE SCIENCE CENTER PURPOSE: TO SUPPORT CHARITY | $5,000 |
AMERICAN RED CROSS PURPOSE: TO SUPPORT CHARITY | $2,500 |
ANTIQUE AND GARDEN SHOW PURPOSE: TO SUPPORT CHARITY | $2,500 |
MY BAG MY STORY PURPOSE: TO SUPPORT CHARITY | $2,500 |
BEERSHEBA SPRINGS MEDICAL CLINIC PURPOSE: TO SUPPORT CHARITY | $5,000 |