Dr Phillips Inc
- Assets
- $219.2m
- Revenue
- $19.1m
- Investments
- $0.0
- Employees
- 24
- Location
- Orlando, FL
- Founding
- 02/1998
- Data as of
- 08/2022
- EIN
- 59-0724702
Organization Overview
Dr Phillips Inc is located in Orlando, FL. The organization was established in 1998. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 08/2022, Dr Phillips Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dr Phillips Inc 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 08/2022, Dr Phillips Inc generated $19.1m 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 (4.4%) each year. All expenses for the organization totaled $12.7m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Dr Phillips Inc has awarded 35 individual grants totaling $23,733,335. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SUPPORT ORGANIZATION FOR NAMED EXEMPT ORGANIZATIONS UNDER IRS 501(C)(3). SEE LIST OF GRANTS IN SCHEDULE A AND SCHEDULE I. IN ADDITION TO CASH CONTRIBUTIONS, THE ORGANIZATION HAS ENTERED INTO COMMERCIAL LEASE ARRANGEMENTS WITH THREE OF ITS SUPPORTED ORGANIZATIONS AT NO COST OR BELOW MARKET RENTAL RATES. THE ANNUAL AMOUNT OF THE FREE AND REDUCED RENT PROVIDED TO THE SUPPORTED ORGANIZATIONS IS $721,480.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth D Robinson President/ceo/director | OfficerTrustee | 50 | $577,263 |
Em Tukdarian Treasurer/asst Secy/cfo/cio | Officer | 50 | $268,330 |
Sk Donnelly Controller | 50 | $148,002 | |
Shane Taylor Construction Manager | 50 | $138,515 | |
Iris Segal Leasing Agent | 50 | $106,054 | |
Summer Carlson Project Manager | 50 | $103,107 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gai Consultants Consulting | 8/30/22 | $282,421 |
Sc Advisors Consulting | 8/30/22 | $235,000 |
Fisher And Associates Llc Consulting | 8/30/22 | $126,990 |
Dap Design Architectural Svcs | 8/30/22 | $128,578 |
Cushman Wakefield Inc Consulting | 8/30/22 | $110,576 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $2,550,012 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,243,891 |
| Net Gain/Loss on Asset Sales | $9,153,130 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,084,709 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,272,586 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $859,166 |
| Compensation of current officers, directors, key employees. | $149,020 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,062,946 |
| Pension plan accruals and contributions | $246,331 |
| Other employee benefits | $339,175 |
| Payroll taxes | $119,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,422 |
| Fees for services: Accounting | $38,587 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,068 |
| Fees for services: Other | $0 |
| Advertising and promotion | $61,419 |
| Office expenses | $340,730 |
| Information technology | $140,942 |
| Royalties | $0 |
| Occupancy | $100 |
| Travel | $12,517 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,065 |
| Interest | $150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,425 |
| Insurance | $56,359 |
| All other expenses | $0 |
| Total functional expenses | $12,732,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $444,140 |
| Savings and temporary cash investments | $14,811,848 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,609,725 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,089 |
| Net Land, buildings, and equipment | $84,378,071 |
| Investments—publicly traded securities | $116,793,695 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $131,586 |
| Total assets | $219,173,154 |
| Accounts payable and accrued expenses | $1,331,798 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,969,581 |
| Total liabilities | $4,301,379 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $214,871,775 |
| Total liabilities and net assets/fund balances | $219,173,154 |
Grants Awarded
Over the last fiscal year, Dr Phillips Inc has awarded $9,272,586 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Orlando, FL PURPOSE: CAPITAL FOR FACILITY | $2,525,000 |
Altamonte Springs, FL PURPOSE: CASY Program | $2,517,500 |
Winter Park, FL PURPOSE: EDUCATIONAL ORGANIZATION | $1,703,000 |
Orlando, FL PURPOSE: Capital for facility | $842,500 |
Orlando, FL PURPOSE: YOUTH DEVELOPMENT | $355,000 |
Orlando, FL PURPOSE: SOCIAL SERVICES | $280,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tigers Unlimited Foundation Auburn, AL | $119,888,484 | $62,585,333 |
Illuminations Foundation Inc Alpharetta, GA | $6,093,722 | $37,103,304 |
Florida Gulf Coast University Financing Corporation Fort Myers, FL | $204,897,690 | $19,327,322 |
Dr Phillips Inc Orlando, FL | $219,173,154 | $19,084,709 |
Cf Foundation Inc Atlanta, GA | $60,851,215 | $5,130,874 |
W I H Pitts Memorial Fund Ua 1125291 Orlando, FL | $81,861,752 | $8,345,825 |
World Poultry Foundation Inc Tucker, GA | $28,014,565 | $2,601,293 |
Disease Management Network Inc Coral Gables, FL | $1,845,694 | $4,211,323 |
Greater Orlando Childrens Miracle Network Inc Orlando, FL | $3,305,504 | $3,670,113 |
Waterfall Foundation Inc Atlanta, GA | $17,781,141 | $467,284 |
The Catholic Foundation Of Central Florida Inc Orlando, FL | $91,215,748 | $5,046,081 |
Jewish Family Services Of Broward Foundation Inc Davie, FL | $15,511,369 | $3,786,697 |