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PHILLIPS FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
PHILLIPS FOUNDATION INC (EIN 74-2862037)
Tax period
2024-12-01 to 2025-11-30
Filed
2026-09-12
IRS object ID
202602559349100500
Schema version
2024v5.2
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)
Return2026-09-12T05:34:27-07:00ReturnTs
Tax Period End2025-11-30TaxPeriodEndDt

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 Begin2024-12-01TaxPeriodBeginDt

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
Signature2026-09-11SignatureDt
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)
Tax2024TaxYr

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,536,271FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$332ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$4,782DividendsRevAndExpnssAmt
Dividends Net Invst Incm$4,782DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$57,854NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$57,854GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$57,854CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$62,968TotalRevAndExpnssAmt
Total Net Invst Incm$62,636TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,938AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,938AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$15,375TaxesRevAndExpnssAmt
Taxes Net Invst Incm$15,375TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$19,410OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$19,410OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$36,723TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$34,785TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,938TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$36,723TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$34,785TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,938TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$26,245ExcessRevenueOverExpensesAmt
Net Investment Income$27,851NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$34,679CashBOYAmt
Cash EOY$21,538CashEOYAmt
Cash EOYFMV$21,539CashEOYFMVAmt
Sav And Temp Cash Invst BOY$52SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$25SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$25SavAndTempCashInvstEOYFMVAmt
Land Bldg Investments EOYFMV$359,000LandBldgInvestmentsEOYFMVAmt
Other Investments BOY$766,998OtherInvestmentsBOYAmt
Other Investments EOY$829,359OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,132,107OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$359,000LandBldgEquipCostOrOtherBssAmt
Land BOY$359,000LandBOYAmt
Land EOY$359,000LandEOYAmt
Other Assets BOY$80,295OtherAssetsBOYAmt
Other Assets EOY$80,296OtherAssetsEOYAmt
Other Assets EOYFMV$23,600OtherAssetsEOYFMVAmt
Total Assets BOY$1,241,024TotalAssetsBOYAmt
Total Assets EOY$1,290,218TotalAssetsEOYAmt
Total Assets EOYFMV$1,536,271TotalAssetsEOYFMVAmt
Accounts Payable BOY$9,892AccountsPayableBOYAmt
Accounts Payable EOY$32,841AccountsPayableEOYAmt
Total Liabilities BOY$9,892TotalLiabilitiesBOYAmt
Total Liabilities EOY$32,841TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,231,132RetainedEarningBOYAmt
Retained Earning EOY$1,257,377RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,231,132TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,257,377TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,241,024TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,290,218TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,231,132TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$26,245ExcessRevenueOverExpensesAmt
Subtotal$1,257,377SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,257,377TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyLONG TERM CAPITAL GAIN DISTRIBUTIONSPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2001-01-01AcquiredDt
Sold2025-01-01SoldDt
Gross Sales Price$57,854GrossSalesPriceAmt
Gain Or Loss$57,854GainOrLossAmt
Gains Minus Excess Or Losses$57,854GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$57,854CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$387InvestmentIncomeExciseTaxAmt
Subtotal$387SubtotalAmt
Tax Based On Investment Income$387TaxBasedOnInvestmentIncomeAmt
Tax Due$387TaxDueAmt
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 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 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$1,017,614AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$31,963AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$382,600FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,432,177TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,432,177AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$21,483CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,410,694NetVlNoncharitableAssetsAmt
Minimum Investment Return$70,535MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$70,535MinimumInvestmentReturnAmt
Tax Based On Investment Income$387TaxBasedOnInvestmentIncomeAmt
Total Tax$387TotalTaxAmt
Distributable Before Adj$70,148DistributableBeforeAdjAmt
Distributable Before Ded$70,148DistributableBeforeDedAmt
Distributable As Adjusted$70,148DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,938ExpensesAndContributionsAmt
Qualifying Distributions$1,938QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$70,148DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$36,654ExcessDistributionCyovYr5Amt
Total Excess Distribution Cyov$36,654TotalExcessDistributionCyovAmt
Qualifying Distributions$1,938QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,938AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$36,654ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$36,654ExcessDistributionCyovAppCYAmt
Undistributed Income CY$31,556UndistributedIncomeCYAmt

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,782ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$57,854RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$4,782ExclusionAmt
Related Or Exempt Function Incm$57,854RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$62,636TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,938Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,938DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemAMERICAN FUNDSCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$829,359BookValueAmt
EOYFMV$1,132,107EOYFMVAmt

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 (2 entries)

DescDescEOY Book ValueEOYBookValueAmtBOY Book ValueBOYBookValueAmtEOYFMVEOYFMVAmt
Rounding$1
WILD ANIMAL COLLECTION$80,295$80,295$23,600

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
BANK CHARGES$51$51
FOREIGN TAX PAID$243$243
INSURANCE$9,272$9,272
MAINTENANCE$1,289$1,289
OFFICE EXPENSE$114$114
UTILITIES$8,441$8,441

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryPROPERTY TAXESCategoryTxt
Amt$15,375Amt
Net Investment Income$15,375NetInvestmentIncomeAmt

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