PHILLIPS FOUNDATION INC: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
PHILLIPS FOUNDATION INC (EIN 74-2862037)
Tax period
2018-12-01 to 2019-11-30
Filed
2020-02-18
IRS object ID
202040499349100609
Schema version
2018v3.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-02-18T12:23:35-08:00ReturnTs
Tax Period End2019-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN742640010PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Hampton Brown & Associates PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1615 N Upper Broadway Ste 1930AddressLine1Txt
CityCorpus ChristiCityNm
State AbbreviationTXStateAbbreviationCd
ZIP784010778ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN742862037EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE PHILLIPS FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPHILBusinessNameControlTxt
Phone3612417330PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 10245AddressLine1Txt
CityCORPUS CHRISTICityNm
State AbbreviationTXStateAbbreviationCd
ZIP78460ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonC W PHILLIPSPersonNm
Person TitlePRESIDENT/DIRPersonTitleTxt
Signature2020-02-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJERRY G HAMPTONPreparerPersonNm
PTINP00031702PTIN
Phone3618887711PhoneNum
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-11-19 02:30:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$545FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$51,000ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$51,000TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$487AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$12OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$499TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$50,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$50,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$50,499TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$50,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$501ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$19CashBOYAmt
Cash EOY$520CashEOYAmt
Cash EOYFMV$520CashEOYFMVAmt
Sav And Temp Cash Invst BOY$25SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$25SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$25SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$44TotalAssetsBOYAmt
Total Assets EOY$545TotalAssetsEOYAmt
Total Assets EOYFMV$545TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$44RetainedEarningBOYAmt
Retained Earning EOY$545RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$44TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$545TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$44TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$545TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$44TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$501ExcessRevenueOverExpensesAmt
Subtotal$545SubtotalAmt
Tot Net Ast Or Fund Balances EOY$545TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$49,871AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$12,496NetVlNoncharitableAssetsYr1Amt
Distribution Yr13.99096DistributionYr1Rt
Adjusted Qlfy Distri Yr2$40,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$473NetVlNoncharitableAssetsYr2Amt
Distribution Yr284.56660DistributionYr2Rt
Adjusted Qlfy Distri Yr3$30,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$495NetVlNoncharitableAssetsYr3Amt
Distribution Yr360.60606DistributionYr3Rt
Adjusted Qlfy Distri Yr4$30,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$5,607NetVlNoncharitableAssetsYr4Amt
Distribution Yr45.35046DistributionYr4Rt
Adjusted Qlfy Distri Yr5$30,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$2,035NetVlNoncharitableAssetsYr5Amt
Distribution Yr514.74202DistributionYr5Rt
Total Distribution169.256084TotalDistributionRt
Average Distribution33.851217AverageDistributionRt
Net Vl Noncharitable Assets$2,444NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$82,732AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$82,732AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1C W PHILLIPSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3612417330PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 10245AddressLine1Txt
CityCORPUS CHRISTICityNm
State AbbreviationTXStateAbbreviationCd
ZIP784600245ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
C W PHILLIPS
P O BOX 10245CORPUS CHRISTITX784600245PRESIDENT/DIR0.00$0
WILLIAM T SIMMONS
5432 COUNTY RD 75ROBSTOWNTX78380Director0.00$0
PAMELA SUE LANDERS
4306 SPRING CREEKCORPUS CHRISTITX784102ND VP/DIRECTOR0.00$0
DEBORAH D KEEBLE
4787 HOMESTEAD LANEROBSTOWNTX78380sec/treas0.00$0
DANIEL T RICHTER
217 PORT ST CLAIRECITY BY THE SEATX78336Director0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,481AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,481TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,481AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$37CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,444NetVlNoncharitableAssetsAmt
Minimum Investment Return$122MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$122MinimumInvestmentReturnAmt
Distributable Before Adj$122DistributableBeforeAdjAmt
Distributable Before Ded$122DistributableBeforeDedAmt
Distributable As Adjusted$122DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$50,000ExpensesAndContributionsAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$50,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$122DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$29,898ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$29,720ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$29,975ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$39,976ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$49,246ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$178,815TotalExcessDistributionCyovAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$122AppliedToCurrentYearAmt
Remaining Distri From Corpus$49,878RemainingDistriFromCorpusAmt
Total Corpus$228,693TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$29,898ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$198,795ExcessDistriCyovToNextYrAmt
Excess From Year4$29,720ExcessFromYear4Amt
Excess From Year3$29,975ExcessFromYear3Amt
Excess From Year2$39,976ExcessFromYear2Amt
Excess From Year1$49,246ExcessFromYear1Amt
Excess From Current Year$49,878ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonC W PHILLIPSRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 10245AddressLine1Txt
CityCORPUS CHRISTICityNm
State AbbreviationTXStateAbbreviationCd
ZIP784600245ZIPCd
FieldValueIRS element (for citing)
Recipient Phone3612417330RecipientPhoneNum
Form And Info And MaterialsAPPLICATIONS SHOULD BE BY LETTER DESCRIBING CHARITABLE ORGANIZATION AND SPECIFIC REQUEST.FormAndInfoAndMaterialsTxt
Submission DeadlinesNO SUBMISSION DEADLINESubmissionDeadlinesTxt
Restrictions On AwardsTHE FOUNDATION MAKES DISTRIBUTIONS EXCLUSIVELY FOR THE FOLLOWING:A. TO AID AND ASSIST IN SPREADING THE GOSPEL OF JESUS CHRIST TO THE FOUR CORNERS OF THE WORLD, ESPECIALLY TO THOSE WHO HAVE NEVER HEARD AND/OR HAVE NO ACCESS TO HEAR THE GOSPEL OF JESUS CHRIST;B. TO ASSIST WORTHY CHRISTIAN MINISTERIAL STUDENTS IN THE FURTHERANCE OF THEIR EDUCATION AS THEY PREPARE THEMSELVES FOR THE GOSPEL MINISTRY; ANDC. TO AID AND ASSIST IN THE PROVISION OF BASIC HUMAN NEEDS THROUGHOUT THE WORLD IN RELIEF EFFORTS THAT INCLUDE CHRISTIAN EVANGELISTIC OUTREACH.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonLOREN DAVIS MINISTRIESRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 470470AddressLine1Txt
CityTULSACityNm
State AbbreviationOKStateAbbreviationCd
ZIP74147ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation StatusRELGNRecipientFoundationStatusTxt
Grant Or Contribution PurposeMINISTRYGrantOrContributionPurposeTxt
Amt$50,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$50,000TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonC W PHILLIPSContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 10245AddressLine1Txt
CityCORPUS CHRISTICityNm
State AbbreviationTXStateAbbreviationCd
ZIP784600245ZIPCd
FieldValueIRS element (for citing)
Total Contributions$51,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$487Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBANK CHARGESDesc
Revenue And Expenses Per Books$12RevenueAndExpensesPerBooksAmt

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