Massachusetts · Nonprofit
THE STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC
THE STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC (Massachusetts) receives grants from 4 organizations whose IRS filings report $1,100,300 to it, the largest being JANEY FUND CHARITABLE TRUST ($690,000). 4 of them have funded it in more than one year.
- Revenue FY2024
- $4.5M
- Funders on record
- 4
- Grants received
- $1.1M
- Net assets
- $42M
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $46M to $43M (−6%).
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Barbara W Iler
Executive director
As listed on its FY2024 Form 990-PF.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 3 funders, grant income fell $215k → $115k.
1 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 1% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of THE STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC leans on a few funders — its largest provides 63% of grant income and the top three 99%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2017 100% · 2019 53% · 2020 96% · 2021 100% · 2022 79% · 2023 64% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
70% of THE STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC's grant income comes from Massachusetts funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $10k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THE STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC is better cushioned than half of the 11,752 education nonprofits its size.
this organization peer median middle 50% of peers· 11,752 education nonprofits $1M–$10M, FY2024
Organizations like THE STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Screen this organization
A dated, signed PDF of the compliance screen for THE STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC?
- THE STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC (Massachusetts) receives grants from 4 organizations whose IRS filings report $1,100,300 to it, the largest being JANEY FUND CHARITABLE TRUST ($690,000). 4 of them have funded it in more than one year.
- How many funders does THE STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC have?
- IRS filings report 4 organizations giving $1,100,300 in grants to THE STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC, 4 of which have funded it in more than one year.
- Who is the largest funder of THE STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC?
- JANEY FUND CHARITABLE TRUST is the largest funder on record, with $690,000 in grants. The full list of funders is on this page.
- How can an organization like THE STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing