Carol B Phelon Foundation
- Assets
- $17.0m
- Revenue
- $444.6k
- Investments
- $15.8m
- Employees
- 0
- Location
- Fort Myers, FL
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 81-3637307
Organization Overview
Carol B Phelon Foundation is located in Fort Myers, FL. The organization was established in 2017. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Carol B Phelon 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 12/2023, Carol B Phelon Foundation generated $444.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.1% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Carol B Phelon Foundation has awarded 113 individual grants totaling $1,032,635. 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 |
|---|---|---|---|
Finemark Mational Bank Trust Trustee | 2 | $118,703 | |
Walter G Burkert Trustee | 2 | $90,569 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $353,734 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,907 |
| Capital Gain Net Income | $73,907 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,000 |
| Total Revenue | $444,641 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $209,272 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,326 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $67 |
| Total operating and administrative expenses | $221,891 |
| Contributions, gifts, grants paid | $1,024,000 |
| Total expenses and disbursements | $1,245,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,143,317 |
| 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 | $4,608 |
| Total assets | $16,996,352 |
| 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, Carol B Phelon Foundation has awarded $945,355 in support to 88 organizations.
| Grant Recipient | Amount |
|---|---|
THE SALVATION ARMY OF COLLIER COUNTY PURPOSE: GENERAL OPERATIONS | $25,000 |
COLLIER COUNTY HUNGER AND PURPOSE: GENERAL OPERATIONS | $20,000 |
CORKSCREW SWAMP SANCTUARY PURPOSE: GENERAL OPERATIONS | $10,000 |
SOUTH FLORIDA NATIONAL PARKS TRUST PURPOSE: GENERAL OPERATIONS | $11,000 |
CONSERVATION FOUNDATION OF THE GULF COAS PURPOSE: GENERAL OPERATIONS | $9,000 |
BABY BASICS OF COLLIER COUNTY PURPOSE: GENERAL OPERATIONS | $5,000 |