Skip to content
Nonprofiteer
← ST PHILIPS SCHOOL AND COMMUNITY CENTER FOUNDATION

Form 990 for tax year 2024

Filed by ST PHILIPS SCHOOL AND COMMUNITY CENTER FOUNDATION.

Totals

Total revenue
$1,406,037
Total expenses
$1,360,289
Contributions and grants received
$47,652
Grants paid
$1,257,000
Program service revenue
$0
Investment income
$1,358,385
Other revenue
$0
Total assets, end of year
$39,213,532
Total liabilities, end of year
$76,068
Net assets or fund balances, end of year
$39,137,464
Program services expenses (Part IX)
$1,257,000
Management and general expenses
$103,289
Fundraising expenses
$0
Program service expenses (Part III)
$1,257,000

Program services were 92.4% 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.

  • 1f · All other contributions, gifts and grants

    $47,652

  • 3 · Investment income

    total $602,529 · excluded $602,529

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $9,741,883

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

    securities $8,986,027

  • 7c · Gain or loss

    securities $755,856

  • 7d · Net gain or loss

    total $755,856 · excluded $755,856

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,257,000 · program services $1,257,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $38,460 · management and general $38,460

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $64,829 · management and general $64,829

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,785 · end of year $92,417

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $18,162 · end of year $46,056

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $11,373,000

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $27,098,164 · end of year $27,702,059

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,607 · end of year $76,068

  • 27 · Net assets without donor restrictions

    beginning of year $7,284,351 · end of year $19,258,659

  • 28 · Net assets with donor restrictions

    beginning of year $19,831,153 · end of year $19,878,805

Mission and programs · 2024

Mission

ST. PHILIP'S SCHOOL AND COMMUNITY CENTER FOUNDATION IS A SUPPORTING ORGANIZATION OF ST. PHILIP'S SCHOOL AND COMMUNITY CENTER, A 501C ORGANIZATION. THE FOUNDATION SOLICITS, RECEIVES, INVESTS, AND MANAGES GIFTS, GRANTS, CONTRIBUTIONS AND BEQUESTS THAT ARE INTENDED TO SUPPORT THE LONG-TERM GOALS, PURPOSES AND OBJECTIVES OF THE SCHOOL. THE FOUNDATION MAKES ANNUAL OPERATING GRANTS TO THE SCHOOL, PAID QUARTERLY.

  • GRANTS TO ST. PHILIP'S SCHOOL AND COMMUNITY CENTER. THE FOUNDATION PROVIDED SUPPORT TO THE SCHOOL IN THE FORM OF CASH GRANTS AND INVESTMENT MANAGEMENT DURING THE YEAR ENDED JUNE 30, 2025. THE FOUNDATION AWARDED ITS ANNUAL OPERATING GRANTS IN SUPPORT OF SCHOOL PROGRAM ACTIVITES.

    Expenses $1,257,000 · Grants $1,257,000

As filed on the 2024 return.

Listed in Part VII

  • Dr Terry Flowers

    HEADMASTER

    Total calculated
    $208,714
    From this org
    $0
    From related orgs
    $177,737
    Other
    $30,977
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    not reported + $177,414 related
    Bonus
    not reported + $323 related
    Other
    not reported
    Deferred
    not reported + $11,205 related
    Nontaxable benefits
    not reported + $19,772 related
    Filer's total
    not reported + $208,714 related

  • Kawana Moore

    CFO

    Total calculated
    $123,876
    From this org
    $0
    From related orgs
    $111,552
    Other
    $12,324
    Hours/week
    1 + 40 related

  • Dan Enright

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Bruce Ware

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Tim Weil

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Natalie Jenkins Sorreu

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Mark Kirk Patrick

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Lee McKimney

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Paula Mitchell

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Lee McKinney

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jeff Helfrich

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Marnese Elder

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Alfreda Norman

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Erika Salter

    Trustee

    Total calculated
    $0
    Hours/week
    2

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

None.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.2
Source object
202601359349304395

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.