2015-05-14T05:14:12-07:00 2014-12-31 Blazek & Vetterling 2900 Weslayan Suite 200 Houston TX 770275132 990 2014-01-01 260279655 PHILO Finance Corporation PHIL 8323281051 10711 Kipp Way Houston TX 77099 John Murphy COO 2015-05-14 true Jody Blazek P00072674 7134395739 X 2014 2016-02-25 16:41:14Z John Murphy 10711 Kipp Way Houston TX 77099 29348686 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 3407729 16560262 0 447976 862287 0 3855705 17422549 3325000 3500000 0 118804 0 0 0 286625 232106 3730429 3732106 125276 13690443 49448662 64503694 1001336 1001336 48447326 63502358 PHILO Finance Corporation provides financial support to public charter schools. false false 3500000 3500000 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. 3500000 true true false false false false false false false false true false false false true 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 false false false false true false 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 Murphy COO 8323281051 10711 Kipp Way Houston TX 77099 X Peter T Shaper Chairman 1.00 0.00 X X 0 0 0 Steven J Graubart President 1.00 0.00 X X 0 0 0 Michael Feinberg Secretary 2.00 0.00 X X 0 0 0 Shawn M Hurwitz Board Member 1.00 0.00 X 0 0 0 Rod Paige Board Member 1.00 0.00 X 0 0 0 John Murphy COO 4.00 0.00 X 19800 0 0 19800 0 false false true Fayez Sarofim & Co 909 Fannin St Ste 2907 Houston TX 77010 Investment mgmt 141144 1 16560262 16560262 0 881704 881704 0 0 0 11906720 11926137 -19417 -19417 -19417 0 0 0 0 17422549 862287 3500000 3500000 0 0 0 0 0 0 0 0 0 0 5952 5952 41387 41387 0 0 141144 141144 10488 10488 0 1219 1219 0 0 0 1417 1417 0 0 0 0 0 12566 12566 Foreign taxes 17342 17342 Education & Training 591 591 0 3732106 3500000 232106 0 2281364 4402858 17451 19417 3667820 16069748 23137 17281 0 0 0 0 5188 6154 224768 224768 0 43453702 43988236 0 0 0 0 49448662 64503694 1336 1336 1000000 1000000 1001336 1001336 X 46747326 50042096 1700000 13460262 48447326 63502358 49448662 64503694 13690443 1364589 X false true X true false X 3414573 265018 681702 3407729 16560262 24329284 0 0 3414573 265018 681702 3407729 16560262 24329284 16799135 7530149 276978 164867 142846 459726 881704 1926121 0 0 26255405 2676089 0.28680 0.43200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 224768 224768 Refundable advance 1000000 1000000 18787138 1364589 1364589 17422549 17422549 3732106 3732106 3732106 true KIPP Inc 10711 Kipp Way Houston TX 77099 133875888 501(c)(3) 3500000 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 Murphy COO 19800 19800 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. PHILO does not reimburse KIPP for the salary of John Murphy but does make an annual grant to KIPP of $200,000 which can be used towards his salary. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder During the fiscal year, the organization's members consisted of Peter Shaper, Steven Graubart, Shawn Hurwitz, Michael Feinberg, 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 Copies of the 990 were distributed to Board Members. The Form was reviewed by the COO of PHILO prior to filing. 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 9967000 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