Overview
What is Phillies Charities Inc?
Phillies Charities Inc, located in Philadelphia, Pennsylvania, is a charitable organization established for noble purposes. Its primary function involves raising funds and making grants to selected 501(c)(3) organizations as chosen by its board of directors. The organization's mission is deeply rooted in philanthropy, aiming to contribute to various charitable causes through financial support. While the specific recipients and causes supported by Phillies Charities Inc are not detailed in the provided information, it can be inferred that they support organizations contributing to societal welfare and betterment.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 86% (Three-Star out of Four Star rating)
Phillies Charities Inc has achieved a Three-Star rating with a score of 86%, indicating a strong focus on accountability and finance. The charity scored particularly well in areas such as having a fully independent board and a high program expense ratio, which reflects its commitment to directing funds toward its charitable missions. The organization has also demonstrated effective oversight with no reported asset diversions.
Despite its strengths, there are some areas for improvement. Notably, the organization lacks a whistleblower policy and a document retention and destruction policy, which are important for maintaining transparency and accountability. While the majority of its board members are independent and the financial practices appear solid, these missing policies could raise concerns regarding governance practices.
Overall, Phillies Charities Inc shows a solid commitment to financial accountability, but addressing the noted deficiencies in policy would enhance its governance and potentially improve its rating further.
This AI summary has been generated from information found on Charity Navigator.
Is Phillies Charities Inc legitimate?
Phillies Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phillies Charities Inc submitted a form 990, 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.
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What is the mission statement of Phillies Charities Inc?
Phillies Charities Inc, a charitable organization, is primarily established for the purpose of raising contributions and making payments to other organizations that are exempt under Section 501(C)(3) of the Internal Revenue Code. Their mission is centered around providing grants to selected recipients, as chosen by their board of directors. The organization's main objective is to contribute to the charitable sector, supporting organizations that share similar goals and objectives. Despite not having specific details about the causes or communities they support, Phillies Charities Inc is committed to making a positive impact through their financial contributions.
Who is the CEO of Phillies Charities Inc?
Leslie Safran is the President of Phillies Charities Inc.
What is the revenue of Phillies Charities Inc?
Phillies Charities Inc's revenue in 2022 was $2,129,911.
Who are the executives of Phillies Charities Inc and what are their salaries?
Here are 21 key members and their salaries:
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Where can I find the form 990 for Phillies Charities Inc?
Phillies Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Phillies Charities Inc
Phillies Charities Inc, established for charitable purposes, primarily focuses on raising funds and making contributions to organizations that are exempt under section 501(C)(3) of the Internal Revenue Code. This nonprofit organization's mission is to provide grants to selected recipients, as chosen by its Board of Directors. By doing so, Phillies Charities Inc aims to support the causes and initiatives of these charitable organizations, contributing to their collective efforts to make a positive impact in various communities. The organization's primary role is to act as a conduit for charitable contributions, channeling resources towards organizations that share its commitment to making a difference.
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Impact
October, 2024
Phillies Charities Inc. has a significant impact on the Philadelphia community by providing financial support to various organizations that are exempt under section 501(c)(3) of the Internal Revenue Code. Through its established processes, it raises contributions and directs grants to selected recipients, fostering growth and development in areas of need. This philanthropic effort not only enhances the capacity of local charities but also promotes a culture of giving and community support within the greater Philadelphia region. By focusing on charitable purposes, Phillies Charities Inc. plays a crucial role in improving lives and addressing community challenges through its targeted contributions.
This information is meant to be a general summary of Phillies Charities Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,547
- Gross Receipts: $3,796,687
Assets and Liabilities:
- Total Assets: $1,247,383
- Total Liabilities: $202,732
- Net Assets: $1,044,651
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Organization Details
Founding Year
1976
Phone
(215) 218-5343Principal Officer
Leslie Safran
Main Address
CITIZENS BANK PARK ONE CITIZENS, PHILADELPHIA, PA, 19148
NTEE Category
Code: T70Z - Philanthropy
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