Margaret And Peter Philips Family Foundation Inc
- Assets
- $1.5m
- Revenue
- $440.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Melville, NY
- Founding
- Data as of
- 12/2022
- EIN
- 87-1559880
Organization Overview
Margaret And Peter Philips Family Foundation Inc is located in Melville, NY. 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. Margaret And Peter Philips Family Foundation Inc 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, Margaret And Peter Philips Family Foundation Inc generated $440.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (37.8%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Block President | 1 | $0 | |
Samantha Whittaker Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $413,534 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,661 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$182 |
| Total Revenue | $440,681 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $693 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,256 |
| Total operating and administrative expenses | $15,079 |
| Contributions, gifts, grants paid | $75,500 |
| Total expenses and disbursements | $90,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,915 |
| 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 | $753,324 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,487,963 |
| 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, Margaret And Peter Philips Family Foundation Inc has awarded $75,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENTURELAND HELPING HANDS FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
CHILDREN'S MEDICAL FUND PURPOSE: GENERAL SUPPORT | $5,500 |
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: GENERAL SUPPORT | $7,500 |
SID JACOBSON JEWISH COMMUNITY CENTER PURPOSE: GENERAL SUPPORT | $12,500 |
STREETSQUASH PURPOSE: GENERAL SUPPORT | $30,000 |
THE ALS ASSOCIATION GREATER NY CHAPTER PURPOSE: GENERAL SUPPORT | $10,000 |