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The Phelps Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 202840767 ✦ Malvern, PA ✦ Designated as a 501(c)(3)

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Overview

What is The Phelps Foundation?

The Phelps Foundation, situated in Malvern, Pennsylvania, is a charitable organization that focuses on providing scholarship grants to schools. Their primary aim is to support educational institutions in offering scholarships to promising candidates. The foundation's initiatives encompass offering these grants directly to schools, thereby contributing to the broader educational community.

Is The Phelps Foundation legitimate?

The Phelps Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Phelps Foundation submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of The Phelps Foundation?

The Phelps Foundation's mission revolves around providing scholarship grants to schools, specifically for the benefit of scholarship candidates. The foundation's activities primarily involve offering financial aid to educational institutions to support deserving students. This philanthropic organization is committed to making higher education more accessible for those in need. However, details about the underlying reasons or additional goals of the foundation are not provided in the information.

What is the revenue of The Phelps Foundation?

The Phelps Foundation's revenue in 2023 was $2,669.

Who are the executives of The Phelps Foundation and what are their salaries?

Here are 3 key members and their salaries:


Norman T Phelps Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerald Fahey (Secretary &)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephany Fahey (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for The Phelps Foundation?

The Phelps Foundation's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of The Phelps Foundation

The Phelps Foundation, as a philanthropic organization, is committed to providing scholarship grants to schools. This mission is underscored by its programs, which primarily involve offering financial aid to schools for scholarship candidates. By doing so, The Phelps Foundation aims to support the educational aspirations of numerous individuals, thereby contributing to the broader societal goal of fostering knowledge and personal growth. The organization's activities are geared towards expanding educational opportunities, thereby empowering candidates to pursue their academic goals.

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Impact




October, 2024

The Phelps Foundation significantly impacts education by providing scholarship grants to schools, enabling students to pursue their academic goals. Located in Malvern, PA, the foundation focuses on supporting scholarship candidates, ensuring that financial barriers do not hinder access to quality education. Through its targeted programs, it aids schools in facilitating scholarships, thereby enhancing opportunities for deserving students. This commitment not only fosters individual growth and success but also contributes to the broader educational landscape by promoting equity and inclusion within the schooling system.




This information is meant to be a general summary of The Phelps Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,669 (2023)
Expenses
$3,306 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,669
  • Gross Receipts: $2,669

Assets and Liabilities:

  • Total Assets: $40,274
  • Total Liabilities: $0
  • Net Assets: $40,274

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Organization Details

Principal Officer

Stephany Fahey

NTEE Category

Code: B112 - Education

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