Frederick B and Ayako I Phillips Foundation
Only null% goes to programs Strong reserves Declining revenue
Frederick B and Ayako I Phillips Foundation is a 501(c)(3) organization based in Louisville, Kentucky, registered in 2014, with $61,872 in FY2024 revenue. CharityIndex grades it C.
804 Gagel Ave, Louisville, KY, 40216 EIN 46-4025821 Since 2014
Revenue (FY2024)
$62K
▲ 40.8% vs prior year
Unknown median: $232K
Expenses (FY2024)
$74K
Net assets
$1.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Frederick B and Ayako I Phillips Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating289 mo reserves · -20% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Frederick B and Ayako I Phillips Foundation: 289 mo reserves · -20% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Frederick B and Ayako I Phillips Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Frederick B and Ayako I Phillips Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 804 Gagel Ave, Louisville, KY, 40216
- City
- Louisville
- State
- Kentucky
- Category
- Unknown
- Subcategory
- Unknown — other (Z9x)
Financial trends
Revenue grew from $59K (FY2014) to $62K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.8M
Operating margin
-20.2%
Spent more than it raised in the latest fiscal year.
Total assets
$1.8M
Total liabilities
$0
Net assets
$1.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $61,872▲40.8% | $74,371▼15.0% | $1,790,229▼0.7% | $1,790,229▼0.7% | 990PF |
| 2023 | $43,941▼26.7% | $87,512▼3.9% | $1,803,307▼2.3% | $1,803,307▼2.3% | 990PF |
| 2022 | $59,955▼93.4% | $91,088▼7.4% | $1,845,991▼1.7% | $1,845,991▼1.7% | 990PF |
| 2021 | $911,987▲16896% | $98,388▲60.9% | $1,877,124▲76.5% | $1,877,124▲76.5% | 990PF |
| 2020 | $5,366▼99.5% | $61,156▲33.1% | $1,063,525▼2.3% | $1,063,525▼2.3% | 990PF |
| 2019 | $1,046,575▲3591% | $45,931▲45.9% | $1,088,205▲1143% | $1,088,205▲1143% | 990PF |
| 2018 | $28,355▼21.3% | $31,489▼2.1% | $87,561▼3.5% | $87,561▼3.5% | 990PF |
| 2017 | $36,025▼31.5% | $32,162▲0.5% | $90,695▲4.4% | $90,695▲4.4% | 990PF |
| 2016 | $52,621▲51.4% | $32,013▲0.7% | $86,832▲31.1% | $86,832▲31.1% | 990PF |
| 2015 | $34,756▼40.7% | $31,802▲21.6% | $66,224▲4.7% | $66,224▲4.7% | 990PF |
| 2014 | $58,656 | $26,156 | $63,270 | $63,270 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Frederick B and Ayako I Phillips Foundation a legitimate nonprofit?
- Yes. Frederick B and Ayako I Phillips Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-4025821, based in Louisville, Kentucky. Donations are tax-deductible.
- What is Frederick B and Ayako I Phillips Foundation's EIN?
- Frederick B and Ayako I Phillips Foundation's Employer Identification Number (EIN) is 46-4025821.
- How much revenue does Frederick B and Ayako I Phillips Foundation report?
- Frederick B and Ayako I Phillips Foundation reported $61,872 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Frederick B and Ayako I Phillips Foundation have?
- CharityIndex grades Frederick B and Ayako I Phillips Foundation C, based on financial health (reserves and operating margin).
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Data for Frederick B and Ayako I Phillips Foundation (EIN 46-4025821) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.