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← PHILOS FOUNDATION INC

Form 990 for tax year 2023

Filed by PHILOS FOUNDATION INC.

Totals

Total revenue
$2,992,169
Total expenses
$1,174,876
Contributions and grants received
$67,852
Grants paid
$107,139
Program service revenue
$6,014
Investment income
$2,779,555
Other revenue
$138,748
Total assets, end of year
$33,189,593
Total liabilities, end of year
$220,562
Net assets or fund balances, end of year
$32,969,031
Program services expenses (Part IX)
$107,139
Management and general expenses
$1,067,737
Fundraising expenses
$0
Program service expenses (Part III)
$107,139

Program services were 9.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $59,482

  • 1f · All other contributions, gifts and grants

    $8,370

  • 2a · Program service revenue: PRIVATE INSURANCE

    total $6,014 · related or exempt $6,014

  • 3 · Investment income

    total $713,005 · excluded $713,005

  • 6a · Gross rents

    real property $422,402

  • 6b · Less rental expenses

    real property $283,654

  • 6c · Rental income or loss

    real property $138,748

  • 6d · Net rental income or loss

    total $138,748 · excluded $138,748

  • 7a · Gross sales of assets other than inventory

    securities $36,374,894

  • 7b · Less cost or other basis and sales expenses

    securities $34,308,344

  • 7c · Gain or loss

    securities $2,066,550

  • 7d · Net gain or loss

    total $2,066,550 · excluded $2,066,550

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $107,139 · program services $107,139

  • 5 · Compensation of officers, directors and key employees

    total $353,584 · management and general $353,584

  • 6 · Compensation of disqualified persons

    total $118,809 · management and general $118,809

  • 7 · Other salaries and wages

    total $236,474 · management and general $236,474

  • 8 · Pension plan contributions

    total $43 · management and general $43

  • 9 · Other employee benefits

    total $27,842 · management and general $27,842

  • 10 · Payroll taxes

    total $29,503 · management and general $29,503

  • 11b · Fees: legal

    total $849 · management and general $849

  • 11c · Fees: accounting

    total $9,100 · management and general $9,100

  • 11f · Fees: investment management

    total $129,607 · management and general $129,607

  • 11g · Fees: other

    total $5,229 · management and general $5,229

  • 12 · Advertising and promotion

    total $31 · management and general $31

  • 13 · Office expenses

    total $6,425 · management and general $6,425

  • 14 · Information technology

    total $23,836 · management and general $23,836

  • 16 · Occupancy

    total $18,112 · management and general $18,112

  • 17 · Travel

    total $57 · management and general $57

  • 19 · Conferences, conventions and meetings

    total $9,645 · management and general $9,645

  • 23 · Insurance

    total $95,263 · management and general $95,263

  • 24a · Other expenses: MISCELLANEOUS

    total $3,328 · management and general $3,328

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $317,177 · end of year $199,001

  • 2 · Savings and temporary cash investments

    beginning of year $417,579 · end of year $1,666,044

  • 4 · Accounts receivable

    beginning of year $12,589 · end of year $6,467

  • 9 · Prepaid expenses and deferred charges

    beginning of year $115,857 · end of year $24,765

  • 10a · Land, buildings and equipment: cost or other basis

    $1,570,294

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,227,213

  • 10c · Land, buildings and equipment, net

    beginning of year $339,115 · end of year $343,081

  • 11 · Investments: publicly traded securities

    beginning of year $27,956,870 · end of year $30,950,235

  • 17 · Accounts payable and accrued expenses

    beginning of year $236,854 · end of year $220,562

  • 27 · Net assets without donor restrictions

    beginning of year $28,922,333 · end of year $32,969,031

Mission and programs · 2023

Mission

TO PROVIDE MULTIPLE LEVELS OF SOCIAL SERVICES SUPPORT AND POSTIVELY IMPACT THE LIVES OF PEOPLE IN THE COMMUNITY.

  • THE ORGANIZATION IS PRIORITIZING GRANTMAKING ON SOCIAL WELFARE PROGRAMS WHILE ALSO EXPANDING ITS SUPPORT FOR DISASTER-RELATED INITIATIVES TO ADDRESS URGENT COMMUNITY NEEDS.

    Expenses $107,139 · Grants $107,139 · Revenue $6,014

As filed on the 2023 return.

Listed in Part VII

  • Peter Bokos

    PRESIDENT/DIRECTOR

    Total calculated
    $140,991
    From this org
    $100,207
    From related orgs
    $0
    Other
    $40,784
    Hours/week
    15

  • James Mulligan

    CHAIRPERSON

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • George Larsen

    VICE CHAIRPERSON

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Joseph Bigane III

    TREASURER

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Alexis Gaughan

    SECRETARY

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Trista Bordignon

    EXECUTIVE DIRECTOR

    Total calculated
    $212,532
    From this org
    $179,720
    From related orgs
    $0
    Other
    $32,812
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,720
    Bonus
    $0
    Other
    $0
    Deferred
    $5,370
    Nontaxable benefits
    $27,442
    Filer's total
    $212,532

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • THE WOMEN'S TREATMENT CENTER

    $41,639

    TO SUPPORT PROGRAMS TO ASSIST THE UNHOUSED. THEY DID A BACKPACK DRIVE IN DEC 2023 TO BE GIVEN TO THE UNHOUSED POPULATION.

  • THE BRIDGE TEEN CENTER

    $30,000

    THE ORGANIZATION WILL FUND THE BRIDGE IN THEIR EFFORT TO SUPPORT TEENS SEEKING AFTER-SCHOOL ACTIVITIES. FUNDS WILL BE USED TO COVER CULINARY AND FITNESS PROGRAMS AS WELL AS ONGOING SOCIAL EVENTS.

  • LIVE4LALI

    $20,000

    THE ORGANIZATION WILL SUPPORT LIVE4LALI BY FUNDING INCREASED HOURS FOR A MARKETING AND COMMUNICATIONS COORDINATOR AND MAIL-OUT COORDINATOR. FUNDING WILL ALSO BE USED FOR HARM REDUCTION SUPPLIES AND PERSONAL CARE ITEMS DURING STREET OUTREACH EFFORTS.

  • THE PUERTO RICO PROJECT

    $15,000

    THE ORGANIZATION WILL SUPPORT THE PUERTO RICO PROJECT BY PROVIDING FUNDING TO COVER ADMINISTRATIVE COSTS, ENSURING EFFECTIVE FINANCIAL MANAGEMENT AND SUSTAINABILITY.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CTS REAL PROPERTIES LLC

    REAL ESTATE · IL · income $422,401 · assets $540,661

    Directly controlled by PHILOS FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
3 April 2025
IRS schema version
2023v6.0
Source object
202530999349301433

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