Thomas T Phillips Jr Foundation Inc
- Assets
- $498.9k
- Revenue
- $20.0k
- Investments
- $480.3k
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 04/1987
- Data as of
- 08/2024
- EIN
- 59-2748614
Organization Overview
Thomas T Phillips Jr Foundation Inc is located in Jacksonville, FL. The organization was established in 1987. 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. Thomas T Phillips Jr Foundation 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 08/2024, Thomas T Phillips Jr Foundation Inc generated $20.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $38.3k during the year ending 08/2024. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Thomas T Phillips Jr Foundation Inc has awarded 161 individual grants totaling $180,950. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark J Shorstein President/director | 1 | $0 | |
Leslie Suskin Director | 0 | $0 | |
Samuel R Shorstein Secretary/treasurer/director | 0 | $0 | |
Christie A Heavener Director | 0 | $0 | |
Benjamin Shorstein Asst Secretary/asst Treasurer/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $17,228 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,762 |
| Capital Gain Net Income | $2,762 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4 |
| Total operating and administrative expenses | $7,324 |
| Contributions, gifts, grants paid | $31,000 |
| Total expenses and disbursements | $38,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,564 |
| 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 | $0 |
| Total assets | $498,882 |
| 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, Thomas T Phillips Jr Foundation Inc has awarded $31,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AGAINST MALARIA FOUNDATION US PURPOSE: GENERAL SUPPORT OF PUBLIC HEALTH PROGRAM | $500 |
BAPTIST HEALTH FOUNDATION PURPOSE: GENERAL SUPPORT OF PUBLIC HEALTH PROGRAM | $3,500 |
BOY SCOUTS OF AMERICA PURPOSE: SUPPORT BOYS' ACTIVITIES | $500 |
BREAD OF THE MIGHTY FOOD BANK PURPOSE: PROVIDE NUTRITIOUS FOOD, HOPE AND ENCOURAGEMENT TO THOSE THAT ARE FOOD INSECURE IN THE COMMUNITY | $1,500 |
CENTER FOR CARBON REMOVAL PURPOSE: SUPPORT THE EFFORTS TO REALIZE A CARBON-REMOVING WORLD | $1,250 |
CITY RESCUE MISSION PURPOSE: GENERAL SUPPORT OF HOMELESS SHELTER | $500 |