Philips University Legacy Foundation Inc

Organization Overview

Philips University Legacy Foundation Inc is located in Enid, OK. The organization was established in 2000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Philips University Legacy Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philips University Legacy 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 06/2021, Philips University Legacy Foundation Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 41.3% each year . All expenses for the organization totaled $534.8k during the year ending 06/2021. While expenses have increased by 12.6% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO UNDERGRADUATE COLLEGE STUDENTS.

Describe the Organization's Program Activity:

PHILLIPS UNIVERSITY LEGACY FOUNDATION AWARDED 20 UNDERGRADUATE SCHOLARSHIPS DURING FY 2021 AND 5 GRADUATE SCHOLARSHIPS. THE FOUNDATION HAD 26 VOLUNTEERS DURING THE YEAR WHO DONATED A TOTAL OF 2,987 HOURS OF VOLUNTEER SERVICE WITH AND ON BEHALF OF THE LEGACY SCHOLARSHIP AND LEADERSHIP DEVELOPMENT RECIPIENTS.


PHILLIPS UNIVERSITY LEGACY FOUNDATION PROVIDED LEADERSHIP DEVELOPMENT TRAINING FOR ITS 20 SCHOLARSHIP RECIPIENTS WITH THE GOAL OF DEVELOPING THE LEADERSHIP SKILLS NECESSARY TO EMPOWER THEM TO BECOME LIFELONG LEADERS IN THEIR LOCAL AND GLOBAL COMMUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Kelly Coker
Executive Director
$18,661
Gene Challenner
Past President/director
$0
Janetta Cravens
Secretary/director
$0
Ryan Dearman
President/director
$0
Kirby Hughes Gould
Vice-President/director
$0
Kathy Coggins
Treasurer/director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,315,616
Noncash contributions included in lines 1a–1f $3,055,175
Total Revenue from Contributions, Gifts, Grants & Similar$3,315,616
Total Program Service Revenue$0
Investment income $114,028
Tax Exempt Bond Proceeds $0
Royalties $44,436
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,369
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,481,744

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Philips University Legacy Foundation Inc has recieved totaling $37,107.

Awarding OrganizationAmount
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$37,076
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$31
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$669,380
Earnings$221,494
Admin Expense$1,644
Net Contributions$270,963
Other Expense$4,029
Grants$7,081
Ending Balance$1,149,083

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