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PHILLIPS FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
PHILLIPS FOUNDATION INC (EIN 74-2862037)
Tax period
2023-12-01 to 2024-11-30
Filed
2025-10-15
IRS object ID
202502889349100120
Schema version
2023v6.0
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)
Return2025-10-15T09:40:34-07:00ReturnTs
Tax Period End2024-11-30TaxPeriodEndDt

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 Line1711 N CARANCAHUA ST STE 800AddressLine1Txt
CityCorpus ChristiCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78401ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-12-01TaxPeriodBeginDt

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
Phone3618770907PhoneNum

US Address USAddress

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

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPAMELA LANDERSPersonNm
Person TitleDIR/PRESIDENTPersonTitleTxt
Signature2025-10-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJERRY G HAMPTONPreparerPersonNm
PTINP00031702PTIN
Phone3618887711PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,408,474FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,218,692ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$1,267DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,267DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$518NetGainSaleAstRevAndExpnssAmt
Total Rev And Expnss$1,220,477TotalRevAndExpnssAmt
Total Net Invst Incm$1,267TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$824AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$824AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$9,916OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$9,916OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$10,740TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$9,916TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$824TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$2,250ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$2,250ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$12,990TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$9,916TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$3,074TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,207,487ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$23,620CashBOYAmt
Cash EOY$34,679CashEOYAmt
Cash EOYFMV$34,679CashEOYFMVAmt
Sav And Temp Cash Invst BOY$25SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$52SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$52SavAndTempCashInvstEOYFMVAmt
Land Bldg Investments EOYFMV$359,000LandBldgInvestmentsEOYFMVAmt
Other Investments EOY$766,998OtherInvestmentsEOYAmt
Other Investments EOYFMV$934,448OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$359,000LandBldgEquipCostOrOtherBssAmt
Land EOY$359,000LandEOYAmt
Other Assets EOY$80,295OtherAssetsEOYAmt
Other Assets EOYFMV$80,295OtherAssetsEOYFMVAmt
Total Assets BOY$23,645TotalAssetsBOYAmt
Total Assets EOY$1,241,024TotalAssetsEOYAmt
Total Assets EOYFMV$1,408,474TotalAssetsEOYFMVAmt
Accounts Payable EOY$9,892AccountsPayableEOYAmt
Total Liabilities EOY$9,892TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$23,645RetainedEarningBOYAmt
Retained Earning EOY$1,231,132RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$23,645TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,231,132TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$23,645TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,241,024TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$23,645TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,207,487ExcessRevenueOverExpensesAmt
Subtotal$1,231,132SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,231,132TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Tax Due$0TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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
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 ContributorsYes (true)NewSubstantialContributorsInd
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 Line1PAMELA S LANDERSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3618770907PhoneNum

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
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
PAMELA LANDERS
P O BOX 10245CORPUS CHRISTITX78460DIR/PRESIDENT0.00$0
JEREMY LANDERS
14406 CHANTILLY DRCORPUS CHRISTITX78410DIR/VP0.00$0
CHRISTINA ELIZONDO
11314 WOODWAY CREEK DRIVECORPUS CHRISTITX78410Treasurer0.00$0
DIANA VELASCO
4209 PETRONILA CREEK CTCORPUS CHRISTITX78410Secretary0.00$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$870,262AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$34,183AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$439,295FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,343,740TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,343,740AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$20,156CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,323,584NetVlNoncharitableAssetsAmt
Minimum Investment Return$66,179MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$66,179MinimumInvestmentReturnAmt
Distributable Before Adj$66,179DistributableBeforeAdjAmt
Distributable Before Ded$66,179DistributableBeforeDedAmt
Distributable As Adjusted$66,179DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$3,074ExpensesAndContributionsAmt
Qualifying Distributions$3,074QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$66,179DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$49,878ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$49,881ExcessDistributionCyovYr4Amt
Total Excess Distribution Cyov$99,759TotalExcessDistributionCyovAmt
Qualifying Distributions$3,074QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$3,074AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$63,105ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$63,105ExcessDistributionCyovAppCYAmt
Total Corpus$36,654TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$36,654ExcessDistriCyovToNextYrAmt
Excess From Year4$36,654ExcessFromYear4Amt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonPAMELA S LANDERSRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 10245AddressLine1Txt
CityCORPUS CHRISTICityNm
State AbbreviationTXStateAbbreviationCd
ZIP784600245ZIPCd
FieldValueIRS element (for citing)
Recipient Phone3618770907RecipientPhoneNum
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 (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
VOICES OF THE WORLD
20595 S 187TH WAYQUEEN CREEKAZ85142NCMINISTRY$1,000
QUIET TIME MINISTRIES
4202 KOSTORYZCORPUS CHRISTITX78415NCMINISTRY$1,250
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$2,250TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,267ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$518ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,785ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,785TotalIncomeProducingActyAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
PHILLIPS CHAR REMAINDER UNITRUST
1P O BOX 10245CORPUS CHRISTITX784600245$779,397Yes (X)
CHARLES W PHILLIPS ESTATE
2P O BOX 10245CORPUS CHRISTITX784600245$439,295Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$824Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$824DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemAMERICAN FUNDSCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$766,998BookValueAmt
EOYFMV$934,448EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemBuildingsCategoryOrItemTxt
Cost Or Other Basis$359,000CostOrOtherBasisAmt
Book Value$359,000BookValueAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescWILD ANIMAL COLLECTIONDesc
EOY Book Value$80,295EOYBookValueAmt
EOYFMV$80,295EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
BANK CHARGES$24$24
INSURANCE$8,559$8,559
UTILITIES$1,333$1,333

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCd
PHILLIPS CHAR REMAINDER UNITRUST
P O BOX 10245CORPUS CHRISTITX784600245
CHARLES W PHILLIPS ESTATE
P O BOX 10245CORPUS CHRISTITX784600245

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