2018-11-06T07:01:53-08:00 2017-12-31 760269860 Blazek & Vetterling 2900 Weslayan Suite 200 Houston TX 770275132 990 2017-01-01 260279655 PHILO Finance Corporation PHIL 8323281051 10711 Kipp Way Houston TX 77099 John C Murphy COO 2018-11-06 true Jody Blazek P00072674 7134395739 X 2017 2018-06-14 16:35:46Z John C Murphy 10711 Kipp Way Houston TX 77099 22049001 false false X N/A X 2006 TX 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. 5 5 0 0 7321135 11008358 0 1153051 2401512 0 8474186 13409870 210000 1355000 0 0 0 0 283763 279988 493763 1634988 7980423 11774882 85544933 102602340 58882 56396 85486051 102545944 PHILO Finance Corporation provides financial support to public charter schools. false false 1355000 1355000 PHILO 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. 1355000 true true false false false false false false false false true false true false false false true false false false false false false false false false false true false true false false false false false false false false false false false true false false false true false false false false true 1 0 true 0 false false false false false false false false false 0 false false false false false false false false false false X 5 5 false false false false true true false true true false false true true true true false false false false false X John C Murphy COO 8323281051 10711 Kipp Way Houston TX 77099 X Peter T Shaper Chairman 1.00 0.00 X X 0 0 0 Mike Feinberg Vice Chair 2.00 0.00 X X 0 0 0 Brian McCabe President 1.00 0.00 X X 0 0 0 David Magdol Board Member 1.00 0.00 X 0 0 0 Rod Paige Board Member 1.00 0.00 X 0 0 0 John C Murphy COO 4.00 0.00 X 10000 0 0 10000 0 false false true Fayez Sarofim & Co 909 Fannin St 2700 Houston TX 77010 Investment Mgt. 192456 1 11008358 2940000 11008358 0 1244523 1244523 0 0 0 9796120 8639131 1156989 1156989 1156989 0 0 0 0 13409870 2401512 1355000 1355000 0 0 0 0 0 0 0 0 0 0 0 13500 13500 0 0 193206 193206 31261 31261 0 2085 2085 0 0 0 1398 1398 0 0 0 0 0 14026 14026 Foreign tax 23715 23715 License & permits 797 797 0 1634988 1355000 279988 0 5677473 13251535 0 15100084 10463071 155223 159456 0 0 0 0 5844 5844 234790 234790 0 55261200 55522434 0 9000000 23200000 0 345109 0 85544933 102602340 58882 56396 58882 56396 X 51918410 59324945 33567641 43220999 85486051 102545944 85544933 102602340 11774882 5285011 X false true X true false X 3407729 16560262 13416781 7321135 11008358 51714265 0 0 3407729 16560262 13416781 7321135 11008358 51714265 22586705 29127560 459726 881704 892584 1287644 1244523 4766181 0 0 56480446 0.51570 0.44050 X 10022 10022 224768 224768 23200000 18694881 5285011 5285011 13409870 13409870 1634988 1634988 1634988 true KIPP Inc 10711 Kipp Way Houston TX 77099 133875888 501(c)(3) 1355000 0 Construction, program, salaries 1 0 Grantmaker's Description of How Grants are Used PFC coordinates with KIPP on a regular basis to monitor the funds granted. This coordination and monitoring includes, but is not limited to, reviewing the financial statements on a monthly basis and year end audited statements to ensure the use of funds are used for the purposes given. false false false false false false false false false false John C Murphy COO 10000 10000 Part II, Compensation from Unrelated Organizations John Murphy is employed by KIPP, Inc., an unrelated organization, to perform services for KIPP and PHILO Finance Corporation. The amount reported in Part VII and Schedule J is the estimated portion of his compensation relating to services provided to PHILO. X 2 2940000 NYSE false false false Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder During the fiscal year, the organization's members consisted of Michael Feinberg, Brian McCabe, and Rod Paige. 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 was reviewed by the COO of PHILO prior to filing. 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. PHILO Houston LLC 14027 Memorial Dr Number 115 Houston TX 77079 271275285 Financial assistance to charter schools in Houston DE PHILO Finance Corporation PHILO School Management LLC 10711 Kipp Way Houston TX 77099 900946234 Educational services TX PHILO Finance Corporation false false false false false false false false false false false false false false false false false false false