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Nonprofit · EIN 52-1611434

THE PHASE FOUNDATION

Tax-exempt · GERMANTOWN, MD 20874

Financials

$239K$365K2023$430K$390K2024$226K$388K2025
Revenue Expenses · by fiscal year end
Financials of THE PHASE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$226,367$388,146-$161,779$3,515,118$300,000$3,215,118
December 31, 2024990-PF$429,892$390,137$39,755$3,687,471$303,580$3,383,891
December 31, 2023990-PF$239,091$364,990-$125,899$3,624,344$278,040$3,346,304
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Dividends
$88,121
Interest
$107
Net gain from sales of assets
$138,139

Expenses

Grants and similar amounts paid
$300,000
Compensation of officers, directors and key employees
$21,248
Disbursements for charitable purposes
$369,163
Excise tax on investment income
$2,883

Balance sheet and other

Total assets, start of year
$3,687,471
Total assets, end of year
$3,515,118
Total liabilities, end of year
$300,000
Net assets, end of year
$3,215,118
Fair market value of assets
$4,102,491
Qualifying distributions
$369,163
Net investment income
$226,367

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
CATHERINE L HEKIMIAN
2 EXECUTIVE PARK CT, GERMANTOWN, MD 20874
ADMINISTRATOR AND TRUSTEE16$21,248
JOAN E HEKIMIAN
2 EXECUTIVE PARK CT, GERMANTOWN, MD 20874
TRUSTEE0$0
CHRISTOPHER HEKIMIAN
2 EXECUTIVE PARK CT, GERMANTOWN, MD 20874
TRUSTEE0$0
ALLISON H SITAR
2 EXECUTIVE PARK CT, GERMANTOWN, MD 20874
TRUSTEE0$0
A MARK KENCHTEL
2 EXECUTIVE PARK CT, GERMANTOWN, MD 20874
TRUSTEE0$0
990-PF for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
CATHERINE L HEKIMIAN
2 EXECUTIVE PARK CT, GERMANTOWN, MD 20874
TRUSTEE16$26,863
JOAN E HEKIMIAN
2 EXECUTIVE PARK CT, GERMANTOWN, MD 20874
TRUSTEE0$0
CHRISTOPHER HEKIMIAN
2 EXECUTIVE PARK CT, GERMANTOWN, MD 20874
TRUSTEE0$0
ALLISON H SITAR
2 EXECUTIVE PARK CT, GERMANTOWN, MD 20874
TRUSTEE0$0
A MARK KENCHTEL
2 EXECUTIVE PARK CT, GERMANTOWN, MD 20874
TRUSTEE0$0
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
CATHERINE L HEKIMIAN
2 EXECUTIVE PARK CT, GERMANTOWN, MD 20874
TRUSTEE16$25,300
JOAN E HEKIMIAN
2 EXECUTIVE PARK CT, GERMANTOWN, MD 20874
TRUSTEE0$0
CHRISTOPHER HEKIMIAN
2 EXECUTIVE PARK CT, GERMANTOWN, MD 20874
TRUSTEE0$0
ALLISON H SITAR
2 EXECUTIVE PARK CT, GERMANTOWN, MD 20874
TRUSTEE0$0
A MARK KENCHTEL
2 EXECUTIVE PARK CT, GERMANTOWN, MD 20874
TRUSTEE0$0

Address and contacts

Address (IRS master file)
2 EXECUTIVE PARK CT, GERMANTOWN, MD 20874-2645
In care of
% CATHERINE HEKIMIAN
Signed the 990-PF
CATHERINE L HEKIMIAN, TRUSTEE
Phone
(301) 540-0424
Return prepared by
SARFINO AND RHOADES LLP

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
52-1611434
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
1989
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$3,515,118
Income (IRS master file)
$1,569,733

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$226,367$388,146$3,515,118IRS
990-PFDecember 2024$429,892$390,137$3,687,471XML
990-PFDecember 2023$239,091$364,990$3,624,344XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 52-1611434).

Questions about THE PHASE FOUNDATION

What is the EIN of THE PHASE FOUNDATION?
The employer identification number (EIN) of THE PHASE FOUNDATION is 52-1611434.
Is THE PHASE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
Are donations to THE PHASE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does THE PHASE FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of THE PHASE FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE PHASE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of THE PHASE FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $21,248 (CATHERINE L HEKIMIAN, ADMINISTRATOR AND TRUSTEE).
How much revenue does THE PHASE FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $226,367, expenses of $388,146 and total assets of $3,515,118 at year end.

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