The Phillips Foundation
- Assets
- $721.7k
- Revenue
- $13.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Shreveport, LA
- Founding
- Data as of
- 09/2017
- EIN
- 72-6027293
Organization Overview
The Phillips Foundation is located in Shreveport, LA.
For the year ending 09/2017, Phillips Foundation generated $13.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $323.8k during the year ending 09/2017. While expenses have increased by 2.2% per year over the past 2 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,743 |
| Total Revenue | $13,743 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,690 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $18 |
| Taxes | $1,228 |
| Depreciation | $1,958 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $23,814 |
| Contributions, gifts, grants paid | $300,000 |
| Total expenses and disbursements | $323,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $721,683 |
| 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 | $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 | $721,683 |
| 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, The Phillips Foundation has awarded $300,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CENTENARY COLLEGE OF LOUISIANA PURPOSE: EDUCATIONAL | $120,000 |
FIRST UNITED METHODIST CHURCH PURPOSE: RELIGIOUS | $180,000 |