Phelps Foundation
The Phelps County Community Foundation Inc is a nonprofit organization management company headquartered in Holdrege, Nebraska. The foundation provides grant opportunities for Phelps County organizations and scholarships for area students, working directly with donors to realize their charitable goals.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$64K
-98.3% YoY
Annual Giving
$4.4M
+1102.2% YoY
Grant Count
4
+100.0% YoY
Avg Grant Size
$1.1M
+501.1% YoY
Under IRS private-foundation payout rules, Phelps Foundation reported a distributable amount of $178K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation is committed to supporting charitable initiatives within Phelps County. Primary activities include:
- Grant opportunities for local organizations
- Scholarship programs for area students
- Donor services and philanthropic planning
Grantmaking
The foundation offers scholarships with an application deadline of February 15. Specific grant sizes and detailed application procedures are not detailed in available sources.
Grant Range
s and detailed application procedures are not detailed in available sources.
Review Cycle
of February 15. Specific grant sizes and detailed application procedures are not detailed in available sources.
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Geographic Focus
Where this funder awards grants
The foundation focuses exclusively on Phelps County, Nebraska and the surrounding area.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
- Annual Revenue: $4,799,749
- Employees: 3 staff members
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $64,035 | $3,731,481 | $3,421,192 |
| Revenue | $1,962,608 | $229,873 | $196,378 |
| Expenses | $4,426,123 | $434,789 | $15,893 |
| Qualifying Distributions | $4,412,669 | $367,051 | — |
| Net Investment Income | $1,949,154 | $220,897 | $130,667 |
| Distributable Amount | $177,833 | $179,550 | $171,243 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
38 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include William and Andrea Phelps Family Fund ($1,194,930), The Lap Charitable Fund ($1,194,930), The Todd and Laurie Anderson Fund ($1,023,687).
| Recipient | Purpose | Amount |
|---|---|---|
| WILLIAM AND ANDREA PHELPS FAMILY FUND MA BOSTON, MA | CHARITABLE | $1,194,930 |
| LYNN PHELPS AND RICHARD FINCH CHARITABLE FUND COVINGTON, KY | CHARITABLE | $999,122 |
| THE TODD AND LAURIE ANDERSON FUND COLISEUM DRIVE CO, NY | CHARITABLE | $1,023,687 |
| THE LAP CHARITABLE FUND JENKINTOWN, PA | CHARITABLE | $1,194,930 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Patty Freburg - Associate Director
- Tracy Thorpe-Jenkins - Board Member
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LYDIA RAU | SECRETARY | 1 | — |
| LESLIE ANN PHELPS | DIRECTOR | 1 | — |
| ALEXANDRA PHELPS | DIRECTOR | 1 | — |
| ELIZABETH NEUMAN | DIRECTOR | 1 | — |
| CLAIRE FINCH | DIRECTOR | 1 | — |
Frequently Asked Questions
What does Phelps Foundation fund?
The foundation is committed to supporting charitable initiatives within Phelps County. Primary activities include: • Grant opportunities for local organizations • Scholarship programs for area students • Donor services and philanthropic planning
How do I apply for a grant from Phelps Foundation?
The foundation offers scholarships with an application deadline of February 15. Specific grant sizes and detailed application procedures are not detailed in available sources.
Where does Phelps Foundation make grants?
The foundation focuses exclusively on Phelps County, Nebraska and the surrounding area.
What size grants does Phelps Foundation award?
In 2024, Phelps Foundation awarded 4 grants totaling $4.4M — an average of about $1.1M per grant, based on its IRS Form 990 filings.
How much is Phelps Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Phelps Foundation reported a distributable amount of $178K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Phelps Foundation's EIN?
Phelps Foundation's EIN (Employer Identification Number) is 94-2842878. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Phelps Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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