PHILLIPS FOUNDATION INC: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
PHILLIPS FOUNDATION INC (EIN 74-2862037)
Tax period
2017-12-01 to 2018-11-30
Filed
2019-02-28
IRS object ID
201910599349100701
Schema version
2017v2.2
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)
Return2019-02-28T08:20:42-08:00ReturnTs
Tax Period End2018-11-30TaxPeriodEndDt

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 Begin2017-12-01TaxPeriodBeginDt

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
Signature2019-02-24SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJERRY G HAMPTONPreparerPersonNm
PTINP00031702PTIN
Phone3618887711PhoneNum
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$44FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$50,000ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$50,000TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$557AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$26OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$583TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$49,871ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$49,871ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$50,454TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$49,871TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$454ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$473CashBOYAmt
Cash EOY$19CashEOYAmt
Cash EOYFMV$19CashEOYFMVAmt
Sav And Temp Cash Invst BOY$25SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$25SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$25SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$498TotalAssetsBOYAmt
Total Assets EOY$44TotalAssetsEOYAmt
Total Assets EOYFMV$44TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$498RetainedEarningBOYAmt
Retained Earning EOY$44RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$498TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$44TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$498TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$44TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$498TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$454ExcessRevenueOverExpensesAmt
Subtotal$44SubtotalAmt
Tot Net Ast Or Fund Balances EOY$44TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$40,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$473NetVlNoncharitableAssetsYr1Amt
Distribution Yr184.56660DistributionYr1Rt
Adjusted Qlfy Distri Yr2$30,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$495NetVlNoncharitableAssetsYr2Amt
Distribution Yr260.60606DistributionYr2Rt
Adjusted Qlfy Distri Yr3$30,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$5,607NetVlNoncharitableAssetsYr3Amt
Distribution Yr35.35046DistributionYr3Rt
Adjusted Qlfy Distri Yr4$30,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$2,035NetVlNoncharitableAssetsYr4Amt
Distribution Yr414.74202DistributionYr4Rt
Adjusted Qlfy Distri Yr5$30,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$2,207NetVlNoncharitableAssetsYr5Amt
Distribution Yr513.59311DistributionYr5Rt
Total Distribution178.858240TotalDistributionRt
Average Distribution35.771648AverageDistributionRt
Net Vl Noncharitable Assets$12,496NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$447,003AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$447,003AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$49,871QualifyingDistributionsAmt

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

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$12,686AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$12,686TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$12,686AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$190CashDeemedCharitableAmt
Net Vl Noncharitable Assets$12,496NetVlNoncharitableAssetsAmt
Minimum Investment Return$625MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$625MinimumInvestmentReturnAmt
Distributable Before Adj$625DistributableBeforeAdjAmt
Distributable Before Ded$625DistributableBeforeDedAmt
Distributable As Adjusted$625DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$49,871ExpensesAndContributionsAmt
Qualifying Distributions$49,871QualifyingDistributionsAmt
Adjusted Qualifying Distri$49,871AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$625DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$29,890ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$29,898ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$29,720ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$29,975ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$39,976ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$159,459TotalExcessDistributionCyovAmt
Qualifying Distributions$49,871QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$625AppliedToCurrentYearAmt
Remaining Distri From Corpus$49,246RemainingDistriFromCorpusAmt
Total Corpus$208,705TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$29,890ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$178,815ExcessDistriCyovToNextYrAmt
Excess From Year4$29,898ExcessFromYear4Amt
Excess From Year3$29,720ExcessFromYear3Amt
Excess From Year2$29,975ExcessFromYear2Amt
Excess From Year1$39,976ExcessFromYear1Amt
Excess From Current Year$49,246ExcessFromCurrentYearAmt

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$49,871Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$49,871TotalGrantOrContriPdDurYrAmt

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$50,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$557Amt
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$26RevenueAndExpensesPerBooksAmt

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