The Dr P Phillips Foundation
- Assets
- $44.7m
- Revenue
- $39.6k
- Investments
- $34.7m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 05/1956
- Data as of
- 05/2023
- EIN
- 59-6135403
Organization Overview
The Dr P Phillips Foundation is located in Orlando, FL. The organization was established in 1956. 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. Dr P 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 05/2023, Dr P Phillips Foundation generated $39.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (59.9%) each year. All expenses for the organization totaled $2.4m during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Dr P Phillips Foundation has awarded 228 individual grants totaling $6,918,000. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
SEE FEDERAL FOOTNOTES
SEE FEDERAL FOOTNOTES
SEE FEDERAL FOOTNOTES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James W Ferber Chariman/director | 6 | $875 | |
Kenneth D Robinson President/ceo/director | 12 | $1,500 | |
E M Tukdarian Treasurer/asst Secretary | 8 | $0 | |
H L Burnett Evp/sec/asst Treas/dir | 6 | $875 | |
Steven Castino Director | 6 | $875 | |
John W Hillenmeyer Director | 12 | $1,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,999 |
| Dividends & Interest | $1,029,952 |
| Net Rental Income | $100 |
| Net Gain on Sale of Assets | -$994,473 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,578 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50,265 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,453 |
| Printing and publications | $0 |
| Other expenses | $103,128 |
| Total operating and administrative expenses | $196,376 |
| Contributions, gifts, grants paid | $2,184,455 |
| Total expenses and disbursements | $2,380,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $849,627 |
| Savings and temporary cash investments | $121,426 |
| 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 | $59,534 |
| Net Investments - land, buildings, equipment | $8,968,940 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $44,673,782 |
| Accounts payable and accrued expenses | $11,335 |
| 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 | $3,000 |
| Total liabilities | $14,335 |
Grants Awarded
Over the last fiscal year, The Dr P Phillips Foundation has awarded $2,184,455 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S DISEASE & RELATED DISORDERS ASSOC PURPOSE: PROGRAM SUPPORT - HEALTHCARE | $35,000 |
THE 4R FOUNDATION INC PURPOSE: PROGRAM SUPPORT - SOCIAL SERVICES | $10,000 |
AMERICAN HEART ASSOCIATION INC PURPOSE: PROGRAM SUPPORT - HEALTHCARE | $30,000 |
ANNIKA FOUNDATION INC PURPOSE: PROGRAM SUPPORT - HEALTHCARE | $5,000 |
MERCY FLIGHT SOUTHEAST INC PURPOSE: PROGRAM SUPPORT - HEALTHCARE | $5,000 |
BEST BUDDIES INTERNATIONAL INC PURPOSE: PROGRAM SUPPORT - CHILDREN & YOUTH | $2,000 |