The Dr P Phillips Foundation
- Assets
- $47.0m
- Revenue
- $3.6m
- Investments
- $36.7m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 05/1956
- Data as of
- 05/2022
- 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 05/2022, Dr P Phillips Foundation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $2.1m during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Dr P Phillips Foundation has awarded 153 individual grants totaling $4,733,545. 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 Program Activity:
SEE FEDERAL FOOTNOTES
SEE FEDERAL FOOTNOTES
SEE FEDERAL FOOTNOTES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H L Burnett Evp/sec/asst Treas/dir | 6 | $1,750 | |
Kenneth D Robinson President/ceo/director | 12 | $1,250 | |
James W Ferber Chairman/director | 12 | $1,000 | |
Robin K Kelley Director | 2 | $1,000 | |
John W Hillenmeyer Director | 2 | $1,000 | |
Margaret G Miller Director | 2 | $875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $88 |
| Dividends & Interest | $816,192 |
| Net Rental Income | $100 |
| Net Gain on Sale of Assets | $2,802,261 |
| Capital Gain Net Income | $2,802,261 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,618,641 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,875 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $63,694 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,023 |
| Printing and publications | $0 |
| Other expenses | $107,819 |
| Total operating and administrative expenses | $233,624 |
| Contributions, gifts, grants paid | $1,911,281 |
| Total expenses and disbursements | $2,144,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,121,875 |
| Savings and temporary cash investments | $118,812 |
| 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 | $56,645 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $8,968,940 |
| Other assets | $0 |
| Total assets | $47,003,700 |
| 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 | $3,000 |
| Total liabilities | $3,000 |
Grants Awarded
Over the last fiscal year, The Dr P Phillips Foundation has awarded $1,911,281 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
Orlando, FL PURPOSE: PROGRAM SUPPORT - SOCIAL SERVICES | $1,015,000 |
UNITED ARTS OF CENTRAL FLORIDA INC PURPOSE: PROGRAM SUPPORT - ARTS | $110,000 |
BOY SCOUTS OF AMERICA CENTRAL FL COUNCIL PURPOSE: PROGRAM SUPPORT - YOUTH | $50,578 |
Winter Park, FL PURPOSE: PROGRAM SUPPORT - SOCIAL SERVICES | $50,000 |
OPERA ORLANDO INC PURPOSE: PROGRAM SUPPORT - ARTS | $50,000 |
Orlando, FL PURPOSE: PROGRAM SUPPORT - SOCIAL SERVICES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |
The Gary W Rollins Foundation Atlanta, GA | $72,624,629 | $27,015,806 |
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL | $0 | $7,841,898 |