Phos Foundation
- Assets
- $22.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Great Falls, VA
- Founding
- 08/2017
- Data as of
- 12/2022
- EIN
- 81-4245345
Organization Overview
Phos Foundation is located in Great Falls, VA. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Phos 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 12/2022, Phos Foundation generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.5%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Phos Foundation has awarded 35 individual grants totaling $5,477,500. 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 |
|---|---|---|---|
Suzanne S Youngkin Director, President & Treasurer | 1.5 | $0 | |
Glenn A Youngkin Director And Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $38,554 |
| Interest on Savings | $44 |
| Dividends & Interest | $91,885 |
| Net Rental Income | $2 |
| Net Gain on Sale of Assets | $1,705,641 |
| Capital Gain Net Income | $1,705,641 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,836,126 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,085 |
| Total operating and administrative expenses | $70,475 |
| Contributions, gifts, grants paid | $1,665,000 |
| Total expenses and disbursements | $1,735,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,712 |
| Savings and temporary cash investments | $673,641 |
| 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 | $21,950,000 |
| Total assets | $22,630,353 |
| 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 | $10,000 |
| Total liabilities | $10,000 |
Grants Awarded
Over the last fiscal year, Phos Foundation has awarded $1,665,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
EVERGREEN CHRISTIAN SCHOOL PURPOSE: GENERAL USE | $30,000 |
BEYOND THE BLUE PURPOSE: GENERAL USE | $10,000 |
MUSEUM OF THE BIBLE PURPOSE: GENERAL USE | $440,000 |
TRUST FOR THE NATIONAL MALL PURPOSE: GENERAL USE | $325,000 |
SMU CENTER FOR FAITH & LEARNING PURPOSE: GENERAL USE | $150,000 |
VIRGINIA TECH FOUNDATION PURPOSE: GENERAL USE | $100,000 |