Leonard W & Betty Phillips Foundation
- Assets
- $1.4m
- Revenue
- $47.7k
- Investments
- $1.4m
- Employees
- 0
- Location
- Shreveport, LA
- Founding
- 09/1960
- Data as of
- 09/2023
- EIN
- 72-6017594
Organization Overview
Leonard W & Betty Phillips Foundation is located in Shreveport, LA. The organization was established in 1960. 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. Leonard W & Betty 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 09/2023, Leonard W & Betty Phillips Foundation generated $47.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $113.7k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Leonard W & Betty Phillips Foundation has awarded 96 individual grants totaling $555,950. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra P Kallenberg President | 1 | $0 | |
Teresa Dean Secretary/treasurer | 1 | $0 | |
Collin Phillips Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,508 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,791 |
| Capital Gain Net Income | $3,791 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,405 |
| Total Revenue | $47,704 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,327 |
| Depreciation | $961 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $12,710 |
| Contributions, gifts, grants paid | $101,000 |
| Total expenses and disbursements | $113,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,597 |
| 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 | $2,800 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,399,805 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,434,202 |
| 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, Leonard W & Betty Phillips Foundation has awarded $101,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: SOUTHERN AND MIDWEST TORNADOES & STORMS, HAWAII WILDFIRES, AND HURRICANE IDALIA | $12,500 |
B'NAI ZION FOUNDATION PURPOSE: UNRESTRICTED GIFT | $4,000 |
DUKE UNIVERSITY PURPOSE: TISCH BRAIN TUMOR CENTER | $5,000 |
GREAT RESULTS EQUINE ASSISTED THERAPY PURPOSE: UNRESTRICTED GIFT | $1,000 |
LOUISIANA BAPTIST CHILDREN'S HOME PURPOSE: UNRESTRICTED GIFT | $2,500 |
LSU HEALTH SCIENCES FOUNDATION PURPOSE: AN EVENING FOR HEALERS | $2,000 |