Leonard J & Gloria Phillips Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Leonard J & Gloria Phillips Foundation Inc is a 501(c)(3) organization based in Saddle River, New Jersey, registered in 1985, with $19,402 in FY2024 revenue. CharityIndex grades it C+.
Po Box 262, Saddle River, NJ, 07458 EIN 22-2561173 Since 1985
Revenue (FY2024)
$19K
Expenses (FY2024)
$568
Net assets
$328K
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 Leonard J & Gloria Phillips Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating6936 mo reserves · +97% 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 Leonard J & Gloria Phillips Foundation Inc: 6936 mo reserves · +97% margin earns a B+ 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 Leonard J & Gloria Phillips Foundation Inc— 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 Leonard J & Gloria Phillips Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 262, Saddle River, NJ, 07458
- City
- Saddle River
- State
- New Jersey
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $10K (FY2013) to $19K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $328K
Operating margin
97.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$328K
Total liabilities
$0
Net assets
$328K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $19,402 | $568 | $328,321▲6.1% | $328,321▲6.1% | 990PF |
| 2023 | $0▼100% | $0 | $309,487 | $309,487 | 990PF |
| 2022 | $15,871▼65.9% | $0▼100% | $309,487▲3.2% | $309,487▲3.2% | 990PF |
| 2021 | $46,602▲259% | $46,500▼7.1% | $299,878 | $299,878 | 990PF |
| 2020 | $12,964▼73.6% | $50,041▲65.2% | $299,776▼11.0% | $299,776▼11.0% | 990PF |
| 2019 | $49,196▲249% | $30,282▲19.7% | $336,853▲5.9% | $336,853▲5.9% | 990PF |
| 2018 | $14,110▼77.5% | $25,296▲0.2% | $317,939▼3.4% | $317,939▼3.4% | 990PF |
| 2017 | $62,737▲395% | $25,254▲1480% | $329,125▲12.9% | $329,125▲12.9% | 990PF |
| 2016 | $12,685▼73.9% | $1,598▼97.9% | $291,642▲4.0% | $291,642▲4.0% | 990PF |
| 2015 | $48,520▲107% | $75,000▲200% | $280,555▼8.6% | $280,555▼8.6% | 990PF |
| 2014 | $23,491▲129% | $25,000▼5.7% | $307,035▼0.5% | $307,035▼0.5% | 990PF |
| 2013 | $10,243 | $26,500▲597% | $308,544▼5.0% | $308,544▼5.0% | 990PF |
| 2012 | — | $3,800▼93.1% | $324,801▲2.0% | $324,801▲2.0% | 990PF |
| 2011 | — | $55,000▲24344% | $318,394▼12.8% | $318,394▼12.8% | 990PF |
| 2010 | — | $225 | $365,137 | $365,137 | 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.
Frequently asked questions
- Is Leonard J & Gloria Phillips Foundation Inc a legitimate nonprofit?
- Yes. Leonard J & Gloria Phillips Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-2561173, based in Saddle River, New Jersey. Donations are tax-deductible.
- What is Leonard J & Gloria Phillips Foundation Inc's EIN?
- Leonard J & Gloria Phillips Foundation Inc's Employer Identification Number (EIN) is 22-2561173.
- How much revenue does Leonard J & Gloria Phillips Foundation Inc report?
- Leonard J & Gloria Phillips Foundation Inc reported $19,402 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Leonard J & Gloria Phillips Foundation Inc have?
- CharityIndex grades Leonard J & Gloria Phillips Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for Leonard J & Gloria Phillips Foundation Inc (EIN 22-2561173) 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.