Civic Intelligence

MV Vision Fellowship Fund

990 • Fiscal year 2014 • EIN 13-4200820

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

Organization Profilen/a
111 Radio CircleMount Kisco, NY 10549

(914) 242-2385

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

6th percentile

0.00x

Higher debt load relative to revenue than 6% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

9th percentile

-28%

Higher net margin than 9% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

93rd percentile

$435,289

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 52.1% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

32nd percentile

-1.4%

Faster asset growth than 32% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

94th percentile

94%

Faster revenue growth than 94% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets6th percentile

Assets

Down

$9,368,109

Down $135,758 (-1.4%) from 2013

Net Assets

Down

$9,368,042

Down $135,184 (-1.4%) from 2013

Liabilities

Down

$67

Down $574 (-90%) from 2013

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin9th percentile

Revenue

Up

$835,752

Up $405,836 (+94%) from 2013

Expenses

Down

$1,067,056

Down $498,209 (-32%) from 2013

Net Income

Up

-$231,304

Up $904,045 (+80%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $11,050,038Liabilities 2010: $0Net Assets 2010: $11,050,0382010Assets 2011: $10,465,117Liabilities 2011: $0Net Assets 2011: $10,465,1172011Assets 2012: $9,937,294Liabilities 2012: $0Net Assets 2012: $9,937,2942012Assets 2013: $9,503,867Liabilities 2013: $641Net Assets 2013: $9,503,2262013Assets 2014: $9,368,109Liabilities 2014: $67Net Assets 2014: $9,368,0422014Assets 2015: $7,731,019Liabilities 2015: $5,220Net Assets 2015: $7,725,7992015Assets 2016: $7,112,335Liabilities 2016: $0Net Assets 2016: $7,112,3352016Assets 2017: $6,715,433Liabilities 2017: $0Net Assets 2017: $6,715,4332017Assets 2018: $5,946,761Liabilities 2018: $0Net Assets 2018: $5,946,7612018Assets 2019: $8,794,269Liabilities 2019: $12,500Net Assets 2019: $8,781,7692019Assets 2020: $8,624,895Liabilities 2020: $16,500Net Assets 2020: $8,608,3952020Assets 2021: $8,195,797Liabilities 2021: $17,588Net Assets 2021: $8,178,2092021Assets 2022: $6,468,251Liabilities 2022: $19,235Net Assets 2022: $6,449,0162022Assets 2023: $6,553,217Liabilities 2023: $24,457Net Assets 2023: $6,528,7602023Assets 2024: $6,884,352Liabilities 2024: $14,816Net Assets 2024: $6,869,5362024Assets 2025: $7,254,713Liabilities 2025: $2,385Net Assets 2025: $7,252,3282025

Highlighted filing

2014

Assets$9,368,109
Liabilities$67
Net Assets$9,368,042
Open 2014 Filing

Operations Trend

Revenue Growth94th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $866,9382010Expenses 2011: $998,3282011Expenses 2012: $851,9402012Revenue 2013: $429,916Expenses 2013: $1,565,265Net Income 2013: -$1,135,3492013Revenue 2014: $835,752Expenses 2014: $1,067,056Net Income 2014: -$231,3042014Revenue 2015: $294,920Expenses 2015: $1,211,829Net Income 2015: -$916,9092015Revenue 2016: $623,516Expenses 2016: $1,261,485Net Income 2016: -$637,9692016Revenue 2017: $856,999Expenses 2017: $1,414,245Net Income 2017: -$557,2462017Revenue 2018: $911,637Expenses 2018: $909,680Net Income 2018: $1,9572018Revenue 2019: $3,311,450Expenses 2019: $1,143,134Net Income 2019: $2,168,3162019Revenue 2020: $454,730Expenses 2020: $901,304Net Income 2020: -$446,5742020Revenue 2021: $1,007,619Expenses 2021: $1,258,994Net Income 2021: -$251,3752021Revenue 2022: $196,206Expenses 2022: $761,071Net Income 2022: -$564,8652022Revenue 2023: $59,735Expenses 2023: $447,806Net Income 2023: -$388,0712023Revenue 2024: $819,452Expenses 2024: $1,037,773Net Income 2024: -$218,3212024Revenue 2025: $1,210,258Expenses 2025: $982,704Net Income 2025: $227,5542025

Highlighted filing

2014

Revenue$835,752
Expenses$1,067,056
Net Income-$231,304
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$835,752
Mission and Program Overview

Mission

To empower students to develop themselves as critical thinkers, compassionate citizens, and engaged participants in local and world affairs.

The primary exempt purpose of The Philip Evans Scholarship Foundation is to provide an extraordinary higher education for selected scholars.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$8,805,377$8,835,690▲ $30,313
Savings and Temporary Cash Investments$694,411$527,586▼ $166,825
Land, Buildings, and Equipment, Net$977$4,760▲ $3,783
Prepaid Expenses and Deferred Charges$102$0▼ $102
Total Assets$9,503,867$9,368,109▼ $135,758
Other Assets Total$3,000$73▼ $2,927
Liabilities
Accounts Payable and Accrued Expenses$641$67▼ $574
Total Liabilities$641$67▼ $574
Net Assets / Fund Balance
Unrestricted Net Assets$9,503,226$9,368,042▼ $135,184
Total Net Assets Fund Balance$9,503,226$9,368,042▼ $135,184
Total Liabilities and Net Assets / Fund Balance$9,503,867$9,368,109▼ $135,758

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,760$2,325$7,085
Other Securities$8,835,690--
Compensation and Service Providers
Top Officer Pay93rd percentile

Board Members and Trustees

NameTitle
Jerome KohlbergChairman
Nancy McCabePresident
Karen DavisDirector
Nancy S KohlbergDirector
Elizabeth McCormackDirector (resigned 6/30/14)
Jennifer MagnoneV.P/Sect'y/Treas.
Revenue and Support

Revenue Composition

Contributions and Grants
$401,500
Program Service Revenue
$0
Investment Income
$338,001
Other Revenue
$96,251
All Other Contributions
$401,500
Change in Net Assets
$-231,304

Audited Revenue Reconciliation

Revenue per Audited Statements
$835,752
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$96,120
Total Revenue per Audited Statements
$931,872
Total Revenue per Form 990
$835,752
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$914,713
Other Expenses$76,495
Salaries, Compensation, and Employee Benefits$75,848
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$653,560--$653,560
Grants to Domestic Individuals$261,153--$261,153
Other Salaries and Wages$51,501$13,692-$65,193
Fees for Services Accounting$1,134$13,366-$14,500
Insurance$699$10,345-$11,044
Office Expenses$6,961$2,446-$9,407
Fees for Services Legal$686$8,076-$8,762
Conferences and Meetings$6,990--$6,990
Payroll Taxes$5,192$975-$6,167
Pension Plan Contributions$3,698$694-$4,392
Depreciation Depletion-$2,217-$2,217
All Other Expenses$577$152-$729
Travel$547--$547
Other Expenses$200$160-$360
Other Employee Benefits$81$15-$96
Total Functional Expenses$1,014,474$52,582$0$1,067,056

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,067,056
Total Expenses per Audited Statements$1,067,056
Total Expenses per Form 990$1,067,056
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Manhattanville CollegePurchase, NY501(c)(3)Support McCormack Scholars$432,528
Westchester Community College Foundation IncValhalla, NY501(c)(3)Support new veterans cSupport new veterans center$200,000
Island Grown InitiativeVineyard Haven, MA501(c)(3)Support Orchard Project$14,532
Vineyard EnergyWest Tisbury, MA501(c)(3)Support Green Comm. Proj.$6,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“Karen Davis, Jerome Kohlberg and Nancy Kohlberg are members of the same family. Nancy McCabe is an officer and employee of The Kohlberg Foundation, a separate but related entity where Jerome Kohlberg and Elizabeth McCormack are directors.”

Form 990, Part VI, Section B, line 11

“A PDF version of the Form 990 is distributed via email to each officer and director before the Form 990 is filed with a request for acknowledgement, questions and comments due by the filing date.”

Form 990, Part VI, Section B, line 12C

“Each year every member reviews and signs a disclosure form at the annual meeting. All contracts, grants and awards are screened to identify any conflicts and ensure all affiliated parties recuse themselves appropriately.”

Form 990, Part VI, Section B, line 15

“There is a compensation committee who reviews all salary actions and recommends to the full board for a vote. We use Council on Foundations salary survey for comparability.”

Form 990, Part VI, Section C, line 19

“The organization makes it's governing documents, conflict of interest policy and financial statements available to the public upon request. The form 990 is also available on guidestar.”

Form 990, Part VII

“Average hours per week devoted to related organization by Nancy McCabe- 1) Kisco Foundation, Inc. - 11 hours 2) Cabbage Hill Farm Foundation, Inc. - 1 hour 3) Plan for Social Excellence, Inc. - 5 hours”

Filing and Contact Details

Filer

Filer Name
Philip Evans Scholarship Foundation
EIN
13-4200820
Phone
9142422385
Address
111 Radio Circle, Mount Kisco, NY 10549

Signing Officer

Name
Nancy McCabe
Title
President
Phone
9142422385
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
De
Voting Board Members
6
Independent Board Members
5
Employees
2
Volunteers
0

Preparer

Firm
Dylewsky Goldberg & Brenner LLC
Address
30 Oak Street, Stamford, CT 06905
Preparer
Lawrence Goldberg
Phone
2039758830
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization has a committee that is responsible for the oversight of the audit, its financial statements as well as the selection of an independent accountant. The process has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“The Foundation evaluates all significant tax provisions as required by accounting practices generally accepted in the United States of America. As of December 31, 2014, the Foundation does not believe that it has taken any positions that would require recording of any additional tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next year.”

Raw XML AppendixShowing 400 of 592 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0641
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt067
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0The primary exempt purpose of The Philip Evans Scholarship Foundation is to provide an extraordinary higher education for selected scholars.
IRS990/AllOtherContributionsAmt0401500
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0152
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0577
IRS990/AllOtherExpensesGrp/TotalAmt0729
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0The Organization
IRS990/BooksInCareOfDetail/PhoneNum09142422385
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0111 Radio Circle
IRS990/BooksInCareOfDetail/USAddress/CityNm0Mount Kisco
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010549
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt06990
IRS990/ConferencesMeetingsGrp/TotalAmt06990
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0401500
IRS990/CYGrantsAndSimilarPaidAmt0914713
IRS990/CYInvestmentIncomeAmt0338001
IRS990/CYOtherExpensesAmt076495
IRS990/CYOtherRevenueAmt096251
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-231304
IRS990/CYSalariesCompEmpBnftPaidAmt075848
IRS990/CYTotalExpensesAmt01067056
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0835752
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt02217
IRS990/DepreciationDepletionGrp/TotalAmt02217
IRS990/Desc0Description: Martha's Vineyard Vision FellowshipIn 2014, the Philip Evans Scholarship Foundation supported 15 individuals form Martha's Vineyard working in fields related to sustainablility on the Island through the Martha's Vineyard Vision Fellowship. The Fellowship provided tuition, room and board, computers and opportunity grants for individuals in undergraduate and gradute degree programs and provided funds for career enhancement activities for professionals in non-degree programs. New Vision Fellows were interviewed and selected in March. As of January 1, 2014 an on-island program officer will manage this program.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0378984
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt013366
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01134
IRS990/FeesForServicesAccountingGrp/TotalAmt014500
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt08076
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0686
IRS990/FeesForServicesLegalGrp/TotalAmt08762
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt117.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt159311
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0Jerome Kohlberg
IRS990/Form990PartVIISectionAGrp/PersonNm1Nancy McCabe
IRS990/Form990PartVIISectionAGrp/PersonNm2Karen Davis
IRS990/Form990PartVIISectionAGrp/PersonNm3Nancy S Kohlberg
IRS990/Form990PartVIISectionAGrp/PersonNm4Elizabeth McCormack
IRS990/Form990PartVIISectionAGrp/PersonNm5Jennifer Magnone
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1375978
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director (resigned 6/30/14)
IRS990/Form990PartVIISectionAGrp/TitleTxt5V.P/Sect'y/Treas.
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0155874
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantAmt0282185
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0261153
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0261153
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0653560
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0653560
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0155874
IRS990/GrossReceiptsAmt0835752
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt010345
IRS990/InsuranceGrp/ProgramServicesAmt0699
IRS990/InsuranceGrp/TotalAmt011044
IRS990/InvestmentIncomeGrp/ExclusionAmt0182127
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0182127
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt08805377
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt08835690
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02325
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0977
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04760
IRS990/LandBldgEquipCostOrOtherBssAmt07085
IRS990/LegalDomicileStateCd0DE
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Among the purposes of the Philip Evans Foundation is the awarding of scholarship grants to other 501(c) (3) charities and/or directly to the individuals to enable them to pursue studies or conduct research to meet the requirements of a degree, graduate degree, professional certification or other appropriate training, and the awarding of stipends for internships, travel expense grants, technology grants and other educational program grants to provide a scholarship experience that extends beyond traditional tuition, room and board scholarship programs.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt09503226
IRS990/NetAssetsOrFundBalancesEOYAmt09368042
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0155874
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0155874
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt096120
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02446
IRS990/OfficeExpensesGrp/ProgramServicesAmt06961
IRS990/OfficeExpensesGrp/TotalAmt09407
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03000
IRS990/OtherAssetsTotalGrp/EOYAmt073
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt081
IRS990/OtherEmployeeBenefitsGrp/TotalAmt096
IRS990/OtherExpensesGrp/Desc0Promotional materials
IRS990/OtherExpensesGrp/Desc1Telephone
IRS990/OtherExpensesGrp/Desc2State Taxes
IRS990/OtherExpensesGrp/Desc3Miscellaneous
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0444
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1160
IRS990/OtherExpensesGrp/ProgramServicesAmt019875
IRS990/OtherExpensesGrp/ProgramServicesAmt11495
IRS990/OtherExpensesGrp/ProgramServicesAmt2125
IRS990/OtherExpensesGrp/ProgramServicesAmt3200
IRS990/OtherExpensesGrp/TotalAmt019875
IRS990/OtherExpensesGrp/TotalAmt11495
IRS990/OtherExpensesGrp/TotalAmt2569
IRS990/OtherExpensesGrp/TotalAmt3360
IRS990/OtherRevenueMiscGrp/BusinessCd0523000
IRS990/OtherRevenueMiscGrp/Desc0Kisco Tax Exempt Inves
IRS990/OtherRevenueMiscGrp/ExclusionAmt096251
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt096251
IRS990/OtherRevenueTotalAmt096251
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013692
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt051501
IRS990/OtherSalariesAndWagesGrp/TotalAmt065193
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0975
IRS990/PayrollTaxesGrp/ProgramServicesAmt05192
IRS990/PayrollTaxesGrp/TotalAmt06167
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0694
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03698
IRS990/PensionPlanContributionsGrp/TotalAmt04392
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0102
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Description: Elizabeth McCormack Scholars Program at Manhattanville College.In 2014 the original McCormack Scholars program supported 5 undergraduate students at Manhattanville College by providing need-based tuition, room and board, computer, and opportunity grants for travel, study, internships, volunteering and research. As of January 1, 2014 the program will be administered by Manhattanville College. A new scholarship program, coordinated by the college, awarded 20 one-time $10,000 scholarships. This program is funded by an annual $200,000 contribution from The Philip Evans Scholarship Foundation. 2014 marks the second award of a five year pledge cycle.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0434560
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0432528
IRS990/ProgSrvcAccomActy3Grp/Desc0Grant to Westchester Community College for its support of Veterans Programs.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0200930
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0200000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0250000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01277046
IRS990/PYInvestmentIncomeAmt0222039
IRS990/PYOtherExpensesAmt083401
IRS990/PYOtherRevenueAmt0-42123
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1135349
IRS990/PYSalariesCompEmpBnftPaidAmt0204818
IRS990/PYTotalExpensesAmt01565265
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0429916
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-231304
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0151500
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0694411
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0527586
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0401500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0250000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0110000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0610000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0880541
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02252041
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0278378
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt099351
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0-24978
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt036807
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0132320
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0521878
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.53260
IRS990ScheduleA/PublicSupportPY170Pct00.40850
IRS990ScheduleA/PublicSupportTotal170Amt01477519
IRS990ScheduleA/SubstantialContributorsTotAmt0774522
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0401500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0250000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0110000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0610000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0880541
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02252041
IRS990ScheduleA/TotalSupportAmt02773919
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt04760
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02325
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07085
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01067056
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt096120
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt08835690
IRS990ScheduleD/OtherSecuritiesGrp/Desc0KISCO TAX-EXEMPT INVESTORS LLC
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt096120
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0835752
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation evaluates all significant tax provisions as required by accounting practices generally accepted in the United States of America. As of December 31, 2014, the Foundation does not believe that it has taken any positions that would require recording of any additional tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next year.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04760
IRS990ScheduleD/TotalBookValueSecuritiesAmt08835690
IRS990ScheduleD/TotalExpensesPerForm990Amt01067056
IRS990ScheduleD/TotalRevenuePerForm990Amt0835752
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0931872
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01067056
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0207901
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt18337
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt244915
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Tuition/Program fee, room and board living expenses (credit and non-credit programs)
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Opportunity Grants (travel, study abroad and other education enrichment)
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2Sponsor Grants to individuals (intern stipend)
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt014
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt12
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt29
IRS990ScheduleI/RecipientTable/CashGrantAmt0432528
IRS990ScheduleI/RecipientTable/CashGrantAmt1200000
IRS990ScheduleI/RecipientTable/CashGrantAmt26500
IRS990ScheduleI/RecipientTable/CashGrantAmt314532
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Support McCormack Scholars
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Support new veterans cSupport new veterans center
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Support Green Comm. Proj.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Support Orchard Project
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Manhattanville College
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Westchester Community College Foundation Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Vineyard Energy
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Island Grown Initiative
IRS990ScheduleI/RecipientTable/RecipientEIN0131740469
IRS990ScheduleI/RecipientTable/RecipientEIN1237050397
IRS990ScheduleI/RecipientTable/RecipientEIN2020684218
IRS990ScheduleI/RecipientTable/RecipientEIN3205773892
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02900 Purchase Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt175 Grasslands Rd Hartford Hall
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2PO Box 1077
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3PO Box 622
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Purchase
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Valhalla
IRS990ScheduleI/RecipientTable/USAddress/CityNm2West Tisbury
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Vineyard Haven
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010577
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd110595
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd202575
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd302568
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The foundation requires proposals for use of funds, budgets, documentation and receipts.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0375978
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt059311
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Nancy McCabe
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0435289
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Karen Davis, Jerome Kohlberg and Nancy Kohlberg are members of the same family. Nancy McCabe is an officer and employee of The Kohlberg Foundation, a separate but related entity where Jerome Kohlberg and Elizabeth McCormack are directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A PDF version of the Form 990 is distributed via email to each officer and director before the Form 990 is filed with a request for acknowledgement, questions and comments due by the filing date.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each year every member reviews and signs a disclosure form at the annual meeting. All contracts, grants and awards are screened to identify any conflicts and ensure all affiliated parties recuse themselves appropriately.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There is a compensation committee who reviews all salary actions and recommends to the full board for a vote. We use Council on Foundations salary survey for comparability.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,368,109
Liabilities
$67
Net assets
$9,368,042
Revenue
$835,752
Expenses
$1,067,056
Net income
-$231,304
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.25$0.00$7.25$1.21$0.98$0.23
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.88$0.01$6.87$0.82$1.04$0.22
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.55$0.02$6.53$0.06$0.45$0.39
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.47$0.02$6.45$0.20$0.76$0.56
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.20$0.02$8.18$1.01$1.26$0.25
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.62$0.02$8.61$0.45$0.90$0.45
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.79$0.01$8.78$3.31$1.14$2.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.95$0.00$5.95$0.91$0.91$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.72$0.00$6.72$0.86$1.41$0.56
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.11$0.00$7.11$0.62$1.26$0.64
2015Summary only. Only limited summary data is available for this year.$7.73$0.01$7.73$0.29$1.21$0.92
2014Detailed filing. Detailed filing data is available for this year.$9.37$0.00$9.37$0.84$1.07$0.23
2013Detailed filing. Detailed filing data is available for this year.$9.50$0.00$9.50$0.43$1.57$1.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.94$0.00$9.94$0.85
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$0.00$10.5$1.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$0.00$11.1$0.87
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $5M-$10M nonprofits