Overview
What is Philos Foundation Inc?
Philos Foundation Inc, headquartered in Chicago, Illinois, is a nonprofit organization committed to providing multiple levels of social support services to the community. With a staff of eight dedicated individuals, the foundation aims to positively impact the lives of people in need. While the organization has transitioned its programming, it continues to fund various social service providers, ensuring ongoing support for those who require assistance. The mission of Philos Foundation Inc remains steadfast, focusing on making a tangible difference in the community by offering a comprehensive range of social services.
What are the reviews and ratings of this charity?
Charity Navigator Rating 93%
Philos Foundation Inc has received a commendable Four-Star out of Four Star rating from Charity Navigator, reflecting a strong overall score of 93% based entirely on its Accountability & Finance metrics. This high rating indicates the organization's effective management of its finances and commitment to transparency.
The foundation boasts an impressive accountability profile, with 80% of its board members being independent, which ensures unbiased governance. Additionally, the organization has strong policies in place, including conflict of interest and whistleblower protections, contributing to its high rating. The low liabilities to assets ratio further demonstrates its financial stability.
However, while the program expense ratio is healthy at nearly 69%, indicating that a significant portion of funds is directed toward programs, there is always room for improvement in financial management practices. Overall, the data suggests that Philos Foundation Inc is a reliable nonprofit with strong governance and accountability structures.
This AI summary has been generated from information found on Charity Navigator.
Is Philos Foundation Inc legitimate?
Philos Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philos Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $320,279
Professional Fundraising Fees: $0
Other Salaries and Wages: $113,077
For more financial information, click here
What is the mission statement of Philos Foundation Inc?
The Philos Foundation Inc's mission is centered around providing multiple levels of social services support, with the ultimate goal of positively impacting the lives of people within the community. Specifically, the organization focuses on transitioning its programming and providing funding to various social service providers in order to carry out this mission effectively. The aim is to make a tangible and beneficial difference in the lives of those who are a part of the community.
Who is the CEO of Philos Foundation Inc?
James P Mulligan is the President/Director of Philos Foundation Inc.
What is the revenue of Philos Foundation Inc?
Philos Foundation Inc's revenue in 2023 was -$193,580.
Who are the executives of Philos Foundation Inc and what are their salaries?
The average compensation at Philos Foundation Inc during 2023 was $54,170. There are 8 employees at Philos Foundation Inc.
Here are 6 key members and their salaries:
- Compensation: $95,444
- Related: $0
- Other: $30,877
- Compensation: $3,700
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $173,252
- Related: $0
- Other: $8,006
Where can I find the form 990 for Philos Foundation Inc?
Philos Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Philos Foundation Inc
Philos Foundation Inc, a community-focused organization, is dedicated to making a positive impact on the lives of people in the community by providing multiple levels of social services support. Their mission is geared towards enhancing the well-being of individuals, aiming to uplift and empower them in various aspects of their lives.
The organization takes a comprehensive approach to community service, channeling its resources and efforts towards supporting numerous social service providers. By doing so, Philos Foundation Inc aims to extend its reach and influence, ensuring that it can provide the necessary aid to as many people as possible within the community. This approach allows them to make a tangible difference in the lives of community members, offering hope and assistance when it is needed the most.
In essence, Philos Foundation Inc serves as a beacon of hope for those in need, offering a helping hand and a supportive ear to those who may be struggling. By providing multiple levels of social services support, they strive to create a ripple effect of positive change, fostering a stronger, more resilient community.
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Impact
June, 2024
Philos Foundation Inc positively impacts the lives of people in the community by providing multiple levels of social services support. They work towards enhancing mental health and overall well-being through their programming and funding for various social services providers in Chicago, Illinois.
This information is meant to be a general summary of Philos Foundation 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 2023.
- Investment Income: -$502,083
- Program Service Revenue: $36,033
- Gross Receipts: $39,919,154
Assets and Liabilities:
- Total Assets: $29,159,187
- Total Liabilities: $236,854
- Net Assets: $28,922,333
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRIVATE INSURANCE
Revenue
$36,033
Organization Details
Founding Year
1974
Phone
(630) 306-4608Principal Officer
James P Mulligan
Main Address
750 N STATE STREET 7TH FLOOR, CHICAGO, IL, 60654
NTEE Category
Code: F220 - Mental health
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