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KERMIT G PHILLIPS II CHARITABLE TR AKA PHILLIPS FOUNDATION

KERMIT G PHILLIPS II CHARITABLE TR AKA PHILLIPS FOUNDATION

Greensboro, NC, US
501(c)3
EIN
04-6977585
Private Foundation
Family Foundation
funder logo

KERMIT G PHILLIPS II CHARITABLE TR AKA PHILLIPS FOUNDATION

Greensboro, NC, US
501(c)3
EIN
04-6977585
Private Foundation
Family Foundation

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$5,142,964

Other
78%
Investments
22%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$3,351,361

Grants
46%
Fees to Service Providers
23%
Salaries & Benefits
19%
Other
7%
Offices, Occupancy & IT
5%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$1,001,891
$1,149,303
+15%
Other
$1,655,214
$3,993,661
+141%
Total Revenues
$2,657,105
$5,142,964
+94%
Expenses
2023
2024
Change
Grants
$1,442,000
$1,533,001
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$751,689
$636,354
-15%
Fees to Service Providers
$1,313,916
$759,730
-42%
Advertising & Promotion
$3,073
$3,135
+2%
Offices, Occupancy & IT
$151,306
$175,700
+16%
Interest
$0
$0
-
Depreciation
$444
$110
-75%
Other
$246,409
$243,331
-1%
Total Expenses
$3,908,837
$3,351,361
-14%
Net income
2023
2024
Change
Net income
-$1,251,732
+$1,791,603
-243%
Income Statement
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