2016-11-04T11:28:39-07:00 2015-12-31 Blazek & Vetterling 2900 Weslayan Suite 200 Houston TX 770275132 990 2015-01-01 260279655 PHILO Finance Corporation PHIL 8323281051 10711 Kipp Way Houston TX 77099 John C Murphy COO 2016-11-04 true Jody Blazek P00072674 7134395739 X 2015 2017-02-10 21:41:12Z John C Murphy 10711 Kipp Way Houston TX 77099 31052704 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 16560262 13416781 0 862287 1004105 0 17422549 14420886 3500000 0 0 0 0 0 232106 293316 3732106 293316 13690443 14127570 64503694 76356225 1001336 47553 63502358 76308672 PHILO Finance Corporation provides financial support to public charter schools. false false 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. true true false false false false false false false false true false false false false false true false false false false false false false false false false false 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 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 Steven J Graubart President 1.00 0.00 X X 0 0 0 Shawn M Hurwitz Board Member 1.00 0.00 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 20800 0 0 20800 0 false false true Fayez Sarofim & Co 909 Fannin St Ste 2907 Houston TX 77010 Investment mgmt 192014 1 13416781 13416781 0 892584 892584 0 0 0 16743339 16631818 111521 111521 111521 0 0 0 0 14420886 1004105 0 0 0 0 0 0 0 0 0 0 0 7431 7431 47765 47765 0 0 192014 192014 2712 2712 0 1343 1343 0 0 0 2907 2907 0 0 0 0 0 13586 13586 Foreign tax 18005 18005 Other investment expenses 7553 7553 0 293316 0 293316 0 4402858 3939582 19417 18593 16069748 18548810 17281 26603 0 0 0 0 6154 6032 224768 224768 0 43988236 53376486 0 0 0 440119 64503694 76356225 1336 47553 1000000 1001336 47553 X 50042096 49431629 13460262 26877043 63502358 76308672 64503694 76356225 14127570 -1321256 X false true X true false X 265018 681702 3407729 16560262 13416781 34331492 0 0 265018 681702 3407729 16560262 13416781 34331492 20994455 13337037 164867 142846 459726 881704 892584 2541727 0 0 36873219 2606251 0.36170 0.28680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 224768 224768 13099630 -1321256 -1321256 14420886 14420886 293316 293316 293316 false false false false false false false false false false John C Murphy COO 20800 20800 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. 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 9970628 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