funder logo

THE STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC

THE STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC

Boston, MA, US
501(c)3
EIN
27-5040651
Open for Solicitation
Private Foundation
funder logo

THE STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC

Boston, MA, US
501(c)3
EIN
27-5040651
Open for Solicitation
Private Foundation

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$4,513,711

Other
57%
Investments
27%
Contributions
16%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$6,854,952

Grants
75%
Salaries & Benefits
16%
Fees to Service Providers
7%
Other
2%
Depreciation
<1%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$810,772
$721,894
-11%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$1,071,449
$1,216,008
+13%
Other
$3,881,851
$2,575,809
-34%
Total Revenues
$5,764,072
$4,513,711
-22%
Expenses
2023
2024
Change
Grants
$4,561,543
$5,113,260
+12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,128,994
$1,092,023
-3%
Fees to Service Providers
$396,559
$465,413
+17%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$21,538
$8,558
-60%
Interest
$0
$0
-
Depreciation
$19,432
$19,433
+0%
Other
$131,141
$156,265
+19%
Total Expenses
$6,259,207
$6,854,952
+10%
Net income
2023
2024
Change
Net income
-$495,135
-$2,341,241
-373%
Income Statement
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