Nonprofit · EIN 04-6977585
KERMIT G PHILLIPS II CHARITABLE TR
Also known as PHILLIPS KERMIT TTEE
Tax-exempt · GREENSBORO, NC 27408
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $5,142,964 | $3,351,361 | $1,791,603 | $49,875,275 | $3,151,662 | $46,723,613 |
| December 31, 2023 | 990-PF | $2,657,105 | $3,908,837 | -$1,251,732 | $49,620,486 | $4,104,034 | $45,516,452 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $1,149,303
- Net rental income
- $1
- Net gain from sales of assets
- $4,011,103
- Other income
- -$17,443
Expenses
- Grants and similar amounts paid
- $1,533,001
- Compensation of officers, directors and key employees
- $213,410
- Salaries, compensation and benefits (total)
- $368,453
- Disbursements for charitable purposes
- $2,841,463
- Excise tax on investment income
- $71,730
Balance sheet and other
- Total assets, start of year
- $49,620,486
- Total assets, end of year
- $49,875,275
- Total liabilities, end of year
- $3,151,662
- Net assets, end of year
- $46,723,613
- Fair market value of assets
- $62,324,229
- Qualifying distributions
- $2,831,463
- Net investment income
- $5,160,407
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERICA K SHIELDS PO Box 191123, DALLAS, TX 75219 | MANAGING DIRECTOR Highest-paid employee | 40 | $167,410 | $8,744 |
| KATHERINE KNIGHT PO Box 191123, DALLAS, TX 75219 | SR. DIR IMPACT INV Highest-paid employee | 25 | $95,028 | – |
| LAUREN BALDWIN PO Box 191123, DALLAS, TX 75219 | DIR. STRATEGIC IN Highest-paid employee | 40 | $93,644 | $7,047 |
| ELIZABETH CARLOCK PHILLIPS PO BOX 191123, DALLAS, TX 75219 | Executive Dir. | 20 | $46,000 | – |
| KAT PHILLIPS 1400 BATTLEGROUND AVE STE 201, GREENSBORO, NC 27408 | Trustee | 0 | $0 | – |
| KEITH PHILLIPS 1400 BATTLEGROUND AVE STE 201, GREENSBORO, NC 27408 | Trustee | 0 | $0 | – |
| KEVIN PHILLIPS 1400 BATTLEGROUND AVE STE 201, GREENSBORO, NC 27408 | Trustee | 0 | $0 | – |
990-PF for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERICA K SHIELDS PO Box 191123, DALLAS, TX 75219 | MANAGING DIRECTOR Highest-paid employee | 40 | $183,141 |
| CATHERINE H BURNETT PO Box 191123, DALLAS, TX 75219 | CHIEF IMPACT OFFIC Highest-paid employee | 40 | $128,134 |
| MANDI S FREEMAN PO Box 191123, DALLAS, TX 75219 | DIRECTOR OF OPER Highest-paid employee | 40 | $119,039 |
| LAUREN BALDWIN PO Box 191123, DALLAS, TX 75219 | DIRECTOR OF STRAT Highest-paid employee | 40 | $113,952 |
| KATE KNIGHT PO Box 191123, DALLAS, TX 75219 | DIRECTOR OF IMPACT Highest-paid employee | 25 | $73,906 |
| KATHERINE PHILLIPS 1400 BATTLEGROUND AVE STE 201, GREENSBORO, NC 27408 | Trustee | 0 | $0 |
| KEITH PHILLIPS 1400 BATTLEGROUND AVE STE 201, GREENSBORO, NC 27408 | Trustee | 0 | $0 |
| KERT PHILLIPS 1400 BATTLEGROUND AVE STE 201, GREENSBORO, NC 27408 | Trustee | 0 | $0 |
| KEVIN PHILLIPS 1400 BATTLEGROUND AVE STE 201, GREENSBORO, NC 27408 | Trustee | 0 | $0 |
| PETER GILCHRIST 1400 BATTLEGROUND AVE STE 201, GREENSBORO, NC 27408 | Trustee | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1400 BATTLEGROUND AVE STE 201, GREENSBORO, NC 27408-8028
- Signed the 990-PF
- KEVIN PHILLIPS, Trustee
- Phone
- (214) 238-0467
- Website
- https://phillipsfdtn.org/
- Return prepared by
- Kaitlin E Kirk
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 04-6977585
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $49,875,275
- Income (IRS master file)
- $1,131,861
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $5,142,964 | $3,351,361 | $49,875,275 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $2,657,105 | $3,908,837 | $49,620,486 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-6977585).
Questions about KERMIT G PHILLIPS II CHARITABLE TR
- What is the EIN of KERMIT G PHILLIPS II CHARITABLE TR?
- The employer identification number (EIN) of KERMIT G PHILLIPS II CHARITABLE TR is 04-6977585.
- Is KERMIT G PHILLIPS II CHARITABLE TR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to KERMIT G PHILLIPS II CHARITABLE TR tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KERMIT G PHILLIPS II CHARITABLE TR file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KERMIT G PHILLIPS II CHARITABLE TR due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KERMIT G PHILLIPS II CHARITABLE TR last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of KERMIT G PHILLIPS II CHARITABLE TR?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 4 received compensation from the organization, the highest $167,410 (ERICA K SHIELDS, MANAGING DIRECTOR).
- How much revenue does KERMIT G PHILLIPS II CHARITABLE TR have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $5,142,964, expenses of $3,351,361 and total assets of $49,875,275 at year end.
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All nonprofits in GREENSBORO · North Carolina · Philanthropy, voluntarism and grantmaking foundations