Fred L Phillips Foundation
- Assets
- $1.1m
- Revenue
- $23.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- Shreveport, LA
- Founding
- Data as of
- 12/2022
- EIN
- 85-6409268
Organization Overview
Fred L Phillips Foundation is located in Shreveport, LA. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Fred L 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 12/2022, Fred L Phillips Foundation generated $23.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (38.8%) each year. All expenses for the organization totaled $34.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred L Phillips Trustee | 1 | $0 | |
Teresa Dean Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,728 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,133 |
| Capital Gain Net Income | $11,133 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,161 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,208 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,371 |
| Contributions, gifts, grants paid | $30,250 |
| Total expenses and disbursements | $34,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,955 |
| Savings and temporary cash investments | $0 |
| 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 | $1,066,242 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,085,197 |
| 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, Fred L Phillips Foundation has awarded $30,250 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
B'NAI ZION FOUNDATION PURPOSE: UNRESTRICTED GRANT TO 501(C)(3) ORGANIZATION | $250 |
LSU HEALTH SCIENCES FOUNDATION PURPOSE: UNRESTRICTED GRANT TO 501(C)(3) ORGANIZATION | $25,000 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: UNRESTRICTED GRANT TO 501(C)(3) ORGANIZATION | $2,500 |
CHILDREN'S OF MISSISSIPPI PURPOSE: UNRESTRICTED GRANT TO 501(C)(3) ORGANIZATION | $2,500 |