Waite And Genevieve Phillips Foundation
- Assets
- $8.9m
- Revenue
- $537.9k
- Investments
- $8.3m
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 09/1985
- Data as of
- 05/2022
- EIN
- 85-0335071
Organization Overview
Waite And Genevieve Phillips Foundation is located in Santa Fe, NM. The organization was established in 1985. 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. Waite And Genevieve Phillips 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 05/2022, Waite And Genevieve Phillips Foundation generated $537.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $741.5k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Phillips Puckett Chairman-President | 20 | $78,000 | |
Lela Phillips Puckett Director | 3 | $23,333 | |
Connie J Wootton Sr Vice-Pres/sec-Treas | 3 | $20,000 | |
Douglas Clay Holcomb Vice-President | 3 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $926 |
| Dividends & Interest | $326,635 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $207,540 |
| Capital Gain Net Income | $207,539 |
| Net ST Capital Gain | $210,898 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,778 |
| Total Revenue | $537,879 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $141,333 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,686 |
| Depreciation | $8,235 |
| Occupancy | $17,631 |
| Travel, conferences, and meetings | $11,445 |
| Printing and publications | $0 |
| Other expenses | $80,262 |
| Total operating and administrative expenses | $335,952 |
| Contributions, gifts, grants paid | $405,535 |
| Total expenses and disbursements | $741,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$156,706 |
| Savings and temporary cash investments | $720,999 |
| 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 | $3,847 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,789,045 |
| Net Land, buildings, and equipment | $65,148 |
| Other assets | $3,111 |
| Total assets | $8,924,737 |
| Accounts payable and accrued expenses | $36 |
| 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 | $3 |
| Total liabilities | $39 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |