Frank Phillips Foundation Inc
- Assets
- $47.0m
- Revenue
- $4.9m
- Investments
- $29.0m
- Employees
- 0
- Location
- Bartlesville, OK
- Founding
- 08/1952
- Data as of
- 12/2021
- EIN
- 73-0636562
Organization Overview
Frank Phillips Foundation Inc is located in Bartlesville, OK. The organization was established in 1952. 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. Frank Phillips 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 12/2021, Frank Phillips Foundation Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 0.9% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL PROGRAMS TO THE GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert M Fraser Former CEO | 40 | $158,000 | |
Shiloh Thurman Museum Director | 40 | $59,519 | |
Jan Tucker Acct/memberships | 40 | $58,214 | |
Kaci Fouts Dir St Plan | 40 | $57,509 | |
Kevin Hoch CEO | 1 | $56,250 | |
Merl Lindstrom Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $201,224 |
| Interest on Savings | $0 |
| Dividends & Interest | $582,670 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,749,671 |
| Capital Gain Net Income | $2,749,671 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $320,258 |
| Other Income | $1,093,294 |
| Total Revenue | $4,947,117 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $221,594 |
| Other employee salaries and wages | $1,090,856 |
| Pension plans, employee benefits | $344,766 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $413,313 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,627 |
| Printing and publications | $12,594 |
| Other expenses | $980,512 |
| Total operating and administrative expenses | $3,123,714 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,123,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $803,676 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $70,390 |
| 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 | $248,994 |
| Prepaid expenses and deferred charges | $88,177 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,293,782 |
| Net Land, buildings, and equipment | $6,387,424 |
| Other assets | $10,411,179 |
| Total assets | $47,041,346 |
| Accounts payable and accrued expenses | $443,384 |
| Grants payable | $0 |
| Deferred revenue | $50,645 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $204,430 |
| Total liabilities | $698,459 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Frank Phillips Foundation Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Morgan Foundation Inc Bartlesville, OK PURPOSE: OPERATING | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |