Philbeck Foundation
- Assets
- $1.3m
- Revenue
- $98.2k
- Investments
- $1.0m
- Employees
- 0
- Location
- Monroe, MI
- Founding
- 02/2018
- Data as of
- 06/2023
- EIN
- 82-3708311
Organization Overview
Philbeck Foundation is located in Monroe, MI. The organization was established in 2018. 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. Philbeck 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 06/2023, Philbeck Foundation generated $98.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (25.3%) each year. All expenses for the organization totaled $106.1k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Philbeck Foundation has awarded 38 individual grants totaling $221,650. 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 |
|---|---|---|---|
Dory Philbeck President | 0 | $0 | |
Cortney Landrum Treasurer | 0 | $0 | |
Sarah Philbeck Secretary | 0 | $0 | |
Travis Philbeck Vice Preside | 0 | $0 | |
Ryan Philbeck Director | 0 | $0 | |
Molly Tyner Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $111,573 |
| Interest on Savings | $14,578 |
| Dividends & Interest | $6,169 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$34,129 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $98,191 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $608 |
| Depreciation | $0 |
| Occupancy | $38,400 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $194 |
| Total operating and administrative expenses | $47,097 |
| Contributions, gifts, grants paid | $59,000 |
| Total expenses and disbursements | $106,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,094 |
| Savings and temporary cash investments | $28,208 |
| 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 | $1,295,704 |
| 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 | $263,700 |
| Total liabilities | $263,700 |
Grants Awarded
Over the last fiscal year, Philbeck Foundation has awarded $59,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BEDFORD CHEER PURPOSE: STUDENT SUPPORT | $500 |
BEDFORD PUBLIC SCHOOLS PURPOSE: STUDENT SUPPORT | $500 |
JUNIOR JETS PURPOSE: STUDENT SUPPORT | $500 |
HOLIDAY CAMP PURPOSE: STUDENT SUPPORT | $9,000 |
CHRISTMAS IN IDA PURPOSE: PUBLIC SUPPORT | $2,500 |
PAULAS HOUSE PURPOSE: PUBLIC SUPPORT | $500 |