Civic Intelligence

Philo Finance Corporation

EIN 26-0279655 • 501(c)3 • Houston, TX

Profile

PHILO Finance Corporation provides financial support to public charter schools.

701 N Post Oak Road Suite 300Houston, TX 77024

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

4th percentile

0.00x

Higher debt load relative to assets than 4% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

5th percentile

0.01x

Higher debt load relative to revenue than 5% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

99th percentile

97%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

59th percentile

$573,688

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

85th percentile

19%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

633%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$139,400,260

Up $21,797,155 (+19%) from 2023

Liabilities

Up

$89,078

Up $23,978 (+37%) from 2023

Net Assets

Up

$139,311,182

Up $21,773,177 (+19%) from 2023

Operations
Liabilities / Revenue5th percentileNet Margin99th percentile

Revenue

Up

$16,089,910

Up $13,895,702 (+633%) from 2023

Expenses

Up

$484,103

Up $51,499 (+12%) from 2023

Net Income

Up

$15,605,807

Up $13,844,203 (+786%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth85th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $54,678,379Liabilities 2010: $3,246,229Net Assets 2010: $51,432,1502010Assets 2011: $53,748,872Liabilities 2011: $3,271,892Net Assets 2011: $50,476,9802011Assets 2012: $48,880,407Liabilities 2012: $1,103,225Net Assets 2012: $47,777,1822012Assets 2013: $49,448,662Liabilities 2013: $1,001,336Net Assets 2013: $48,447,3262013Assets 2014: $64,503,694Liabilities 2014: $1,001,336Net Assets 2014: $63,502,3582014Assets 2015: $76,356,225Liabilities 2015: $47,553Net Assets 2015: $76,308,6722015Assets 2016: $85,544,933Liabilities 2016: $58,882Net Assets 2016: $85,486,0512016Assets 2017: $102,602,340Liabilities 2017: $56,396Net Assets 2017: $102,545,9442017Assets 2018: $100,008,762Liabilities 2018: $53,446Net Assets 2018: $99,955,3162018Assets 2019: $105,273,593Liabilities 2019: $49,500Net Assets 2019: $105,224,0932019Assets 2020: $111,922,638Liabilities 2020: $56,000Net Assets 2020: $111,866,6382020Assets 2021: $117,258,366Liabilities 2021: $75,000Net Assets 2021: $117,183,3662021Assets 2022: $109,023,768Liabilities 2022: $69,000Net Assets 2022: $108,954,7682022Assets 2023: $117,603,105Liabilities 2023: $65,100Net Assets 2023: $117,538,0052023Assets 2024: $139,400,260Liabilities 2024: $89,078Net Assets 2024: $139,311,1822024

Highlighted filing

2024

Assets$139,400,260
Liabilities$89,078
Net Assets$139,311,182
Open 2024 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10MExpenses 2010: $6,837,1482010Expenses 2011: $2,725,7392011Expenses 2012: $4,821,4292012Revenue 2013: $3,855,705Expenses 2013: $3,730,429Net Income 2013: $125,2762013Revenue 2014: $17,422,549Expenses 2014: $3,732,106Net Income 2014: $13,690,4432014Revenue 2015: $14,420,886Expenses 2015: $293,316Net Income 2015: $14,127,5702015Revenue 2016: $8,474,186Expenses 2016: $493,763Net Income 2016: $7,980,4232016Revenue 2017: $13,409,870Expenses 2017: $1,634,988Net Income 2017: $11,774,8822017Revenue 2018: $3,772,316Expenses 2018: $3,211,106Net Income 2018: $561,2102018Revenue 2019: $1,745,055Expenses 2019: $6,401,073Net Income 2019: -$4,656,0182019Revenue 2020: $4,067,066Expenses 2020: $5,491,194Net Income 2020: -$1,424,1282020Revenue 2021: $1,807,500Expenses 2021: $869,849Net Income 2021: $937,6512021Revenue 2022: $2,357,604Expenses 2022: $385,114Net Income 2022: $1,972,4902022Revenue 2023: $2,194,208Expenses 2023: $432,604Net Income 2023: $1,761,6042023Revenue 2024: $16,089,910Expenses 2024: $484,103Net Income 2024: $15,605,8072024

Highlighted filing

2024

Revenue$16,089,910
Expenses$484,103
Net Income$15,605,807
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$139,400,260
Liabilities
$89,078
Net assets
$139,311,182
Revenue
$16,089,910
Expenses
$484,103
Net income
$15,605,807
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$139$0.09$139$16.1$0.48$15.6
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$118$0.07$118$2.19$0.43$1.76
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$109$0.07$109$2.36$0.39$1.97
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$117$0.08$117$1.81$0.87$0.94
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$112$0.06$112$4.07$5.49$1.42
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$105$0.05$105$1.75$6.40$4.66
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$100$0.05$100.0$3.77$3.21$0.56
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$103$0.06$103$13.4$1.63$11.8
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$85.5$0.06$85.5$8.47$0.49$7.98
2015Detailed filing. Detailed filing data is available for this year.$76.4$0.05$76.3$14.4$0.29$14.1
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.5$1.00$63.5$17.4$3.73$13.7
2013Detailed filing. Detailed filing data is available for this year.$49.4$1.00$48.4$3.86$3.73$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.9$1.10$47.8$4.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.7$3.27$50.5$2.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.7$3.25$51.4$6.84
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 14, 2019
Return Version
2018v3.1
Gross Receipts
$19,523,565
Mission and Program Overview

Mission

PHILO Finance Corporation provides financial support to public charter schools.

PHILO Finance Corp. provides financial solutions to public charter schools; assists public charter schools in obtaining financing, including providing below-market loans; and performs such other functions as may be necessary to fulfill the purposes of the Corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$55,522,434$53,716,853▼ $1,805,581
Investments Program Related$23,200,000$30,500,000▲ $7,300,000
Cash and Non-Interest-Bearing Accounts$13,251,535$11,064,429▼ $2,187,106
Pledges and Grants Receivable$10,463,071$4,549,572▼ $5,913,499
Accounts Receivable$159,456$169,276▲ $9,820
Prepaid Expenses and Deferred Charges$5,844$8,632▲ $2,788
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$102,602,340$100,008,762▼ $2,593,578
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$56,396$53,446▼ $2,950
Total Liabilities$56,396$53,446▼ $2,950
Net Assets / Fund Balance
Unrestricted Net Assets$59,324,945$57,534,358▼ $1,790,587
Temporarily Rstr Net Assets$43,220,999$42,420,958▼ $800,041
Total Net Assets Fund Balance$102,545,944$99,955,316▼ $2,590,628
Total Liabilities and Net Assets / Fund Balance$102,602,340$100,008,762▼ $2,593,578

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$224,768$224,768
Equipment-$10,022$10,022
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleBaseTotal
John C MurphyTreas / CFO$19,500$19,500

Board Members and Trustees

NameTitle
Peter T ShaperChairman
Ernie CockrellPresident
Debbie HurwitzVice Chair
David MagdolDirector
Jayshree DesaiDirector
Rod PaigeDirector to3/18
Brian P McCabePres to 3/18
Mike FeinbergViceChr to3/18

Highest Paid Contractors

ContractorServicesLocationCompensation
Fayez Sarofim & CoInvestment Mgt.909 Fannin St 2700, Houston, TX 77010$185,068
Revenue and Support

Revenue Composition

Contributions and Grants
$1,999,959
Program Service Revenue
$0
Investment Income
$1,772,357
Other Revenue
$0
All Other Contributions
$1,999,959
Change in Net Assets
$561,210

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,587,248
Revenue Not Reported on Financial Statements
$185,068
Revenue Not Reported on Form 990
$-3,151,838
Total Revenue per Audited Statements
$435,410
Total Revenue per Form 990
$3,772,316
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,810,000
Other Expenses$381,606
Salaries, Compensation, and Employee Benefits$19,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,810,000--$2,810,000
Fees for Service Investment Mgmnt Fees-$185,068-$185,068
Fees for Services Legal-$77,483-$77,483
Insurance-$23,103-$23,103
Current Officers, Directors, Trustees, and Key Employees-$19,500-$19,500
Fees for Services Accounting-$13,534-$13,534
Fees for Services Other-$8,320-$8,320
Other Expenses-$300-$300
Total Functional Expenses$2,810,000$401,106$0$3,211,106

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,211,106
Expenses per Audited Statements$3,026,038
Total Expenses per Audited Statements$3,026,038
Expenses Not Reported on Financial Statements$185,068
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
KIPP IncHouston, TX501(c)(3)Construction, program, salaries$2,800,000
The Awty International SchoolHouston, TX501(c)(3)General support$10,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
No
Other officer compensation reviewed
No
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, Line 6: Explanation of Classes of Members or Shareholder

“At the beginning of the year, the organization's members consisted of Michael Feinberg, Brian McCabe, and Rod Paige. During the year, Mike Feinberg and Rod Paige transitioned off as members and were replaced by Leo Linbeck and Dwight Scott. Upon the death or resignation of a member, a replacement member is selected by the affirmative vote of the majority of the other members.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Form 990 was reviewed by outsourced CFO / Treasurer and bookkeeper. A copy of the 990 was distributed to the governing body.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Board Members are excluded from voting in the event a conflict may exist and are regularly reminded of this obligation at Board Meetings. During the course of any decision-making at the board level, the directors provide insight into any entity where a conflict or relationship may exist and recuse themselves from participating in a vote. PHILO Finance Corp has a limited number of entities with which it contracts.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“PFC will respond upon request from public.”

Filing and Contact Details

Filer

Filer Name
PHILO Finance Corporation
EIN
26-0279655
Phone
8323281051
Address
701 N Post Oak Road Suite 300, Houston, TX 77024

Signing Officer

Name
John C Murphy
Title
Treas / CFO
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John C Murphy
Formed
2006
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027-5132
Preparer
Jody Blazek
Phone
7134395739
Raw XML AppendixShowing 400 of 507 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt056396
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt053446
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IRS990/AccountsReceivableGrp/EOYAmt0169276
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PHILO Finance Corp. provides financial solutions to public charter schools; assists public charter schools in obtaining financing, including providing below-market loans; and performs such other functions as may be necessary to fulfill the purposes of the Corporation.
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt01999959
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0John C Murphy COO
IRS990/BooksInCareOfDetail/PhoneNum08323281051
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0701 N Post Oak Road Suite 300
IRS990/BooksInCareOfDetail/USAddress/CityNm0Houston
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd077024
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt013251535
IRS990/CashNonInterestBearingGrp/EOYAmt011064429
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt019500
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt019500
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0185068
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0909 Fannin St 2700
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Houston
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd077010
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0Fayez Sarofim & Co
IRS990/ContractorCompensationGrp/ServicesDesc0Investment Mgt.
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01999959
IRS990/CYGrantsAndSimilarPaidAmt02810000
IRS990/CYInvestmentIncomeAmt01772357
IRS990/CYOtherExpensesAmt0381606
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0561210
IRS990/CYSalariesCompEmpBnftPaidAmt019500
IRS990/CYTotalExpensesAmt03211106
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03772316
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0PHILO Finance Corporation seeks to find high performing charter schools that require interim capital borrowings. KIPP Houston has borrowed funds from PHILO Finance Corporation to ensure the growth of its successful Pre-K through 12 educational program.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0true
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt02800000
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt013534
IRS990/FeesForServicesAccountingGrp/TotalAmt013534
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IRS990/FeesForServicesLegalGrp/TotalAmt077483
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt08320
IRS990/FeesForServicesOtherGrp/TotalAmt08320
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0185068
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0185068
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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IRS990/Form990PartVIISectionAGrp/OfficerInd5X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0Peter T Shaper
IRS990/Form990PartVIISectionAGrp/PersonNm1Mike Feinberg
IRS990/Form990PartVIISectionAGrp/PersonNm2Debbie Hurwitz
IRS990/Form990PartVIISectionAGrp/PersonNm3Brian P McCabe
IRS990/Form990PartVIISectionAGrp/PersonNm4Ernie Cockrell
IRS990/Form990PartVIISectionAGrp/PersonNm5Jayshree Desai
IRS990/Form990PartVIISectionAGrp/PersonNm6David Magdol
IRS990/Form990PartVIISectionAGrp/PersonNm7Rod Paige
IRS990/Form990PartVIISectionAGrp/PersonNm8John C Murphy
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1ViceChr to3/18
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Pres to 3/18
IRS990/Form990PartVIISectionAGrp/TitleTxt4President
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director to3/18
IRS990/Form990PartVIISectionAGrp/TitleTxt8Treas / CFO
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr02006
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0483988
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt02800000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt02810000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt02810000
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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt016235237
IRS990/GrossReceiptsAmt019523565
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IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt023103
IRS990/InsuranceGrp/TotalAmt023103
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt01288369
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01288369
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt023200000
IRS990/InvestmentsProgramRelatedGrp/EOYAmt030500000
IRS990/InvestmentsPubTradedSecGrp/BOYAmt055522434
IRS990/InvestmentsPubTradedSecGrp/EOYAmt053716853
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IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0234790
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt0234790
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt015751249
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PHILO Finance Corporation provides financial support to public charter schools.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0102545944
IRS990/NetAssetsOrFundBalancesEOYAmt099955316
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0483988
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0483988
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-3151838
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
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IRS990/OtherExpensesGrp/Desc0Uncollectible amounts
IRS990/OtherExpensesGrp/Desc1Foreign tax
IRS990/OtherExpensesGrp/Desc2State tax
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt055300
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt118498
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2300
IRS990/OtherExpensesGrp/TotalAmt055300
IRS990/OtherExpensesGrp/TotalAmt118498
IRS990/OtherExpensesGrp/TotalAmt2300
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt010463071
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt04549572
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05844
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08632
IRS990/PrincipalOfficerNm0John C Murphy
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt011008358
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01355000
IRS990/PYInvestmentIncomeAmt02401512
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0279988
IRS990/PYRevenuesLessExpensesAmt011774882
IRS990/PYTotalExpensesAmt01634988
IRS990/PYTotalRevenueAmt013409870
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0561210
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01999959
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt011008358
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt07321135
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt013416781
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt016560262
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt050306495
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01288369
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01244523
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01287644
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0892584
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0881704
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05594824
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.49870
IRS990ScheduleA/PublicSupportPY170Pct00.51570
IRS990ScheduleA/PublicSupportTotal170Amt027877130
IRS990ScheduleA/SubstantialContributorsTotAmt022429365
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01999959
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt011008358
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt07321135
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt013416781
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt016560262
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt050306495
IRS990ScheduleA/TotalSupportAmt055901319
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010022
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010022
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0185068
IRS990ScheduleD/ExpensesSubtotalAmt03026038
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0185068
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0185068
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-3151838
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0224768
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0224768
IRS990ScheduleD/RevenueNotReportedAmt0-3151838
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0185068
IRS990ScheduleD/RevenueSubtotalAmt03587248
IRS990ScheduleD/TotalBookValueProgramRltdAmt030500000
IRS990ScheduleD/TotalExpensesPerForm990Amt03211106
IRS990ScheduleD/TotalRevenuePerForm990Amt03772316
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0435410
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03026038
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt02800000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Construction, program, salaries
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1General support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0KIPP Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1The Awty International School
IRS990ScheduleI/RecipientTable/RecipientEIN0133875888
IRS990ScheduleI/RecipientTable/RecipientEIN1237258712
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt010711 Kipp Way
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt17455 Awty School Lane
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Houston
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Houston
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd077099
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd177055
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PFC coordinates with the Schools to monitor the funds granted.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0At the beginning of the year, the organization's members consisted of Michael Feinberg, Brian McCabe, and Rod Paige. During the year, Mike Feinberg and Rod Paige transitioned off as members and were replaced by Leo Linbeck and Dwight Scott. Upon the death or resignation of a member, a replacement member is selected by the affirmative vote of the majority of the other members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 was reviewed by outsourced CFO / Treasurer and bookkeeper. A copy of the 990 was distributed to the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board Members are excluded from voting in the event a conflict may exist and are regularly reminded of this obligation at Board Meetings. During the course of any decision-making at the board level, the directors provide insight into any entity where a conflict or relationship may exist and recuse themselves from participating in a vote. PHILO Finance Corp has a limited number of entities with which it contracts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PFC will respond upon request from public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0PHILO Finance Corporation
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1PHILO Finance Corporation
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0PHILO Houston LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1PHILO School Management LLC

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