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Nonprofit · EIN 54-6786255

THE MAIN IDEA INC CHARITABLE TRUST

Also known as KIM PHILLIPS TTEE

Tax-exempt · CHARLOTTESVLE, VA 22902

Financials

$57K$185K2023$69K$189K2024$69K$196K2025
Revenue Expenses · by fiscal year end
Financials of THE MAIN IDEA INC CHARITABLE TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$69,285$195,608-$126,323$1,423,219$0$1,423,219
December 31, 2024990-PF$69,236$188,621-$119,385$1,549,542$0$1,549,542
December 31, 2023990-PF$57,134$185,037-$127,903$1,668,927$0$1,668,927
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$42,086
Interest
$20,007
Net gain from sales of assets
$7,192

Expenses

Grants and similar amounts paid
$137,600
Compensation of officers, directors and key employees
$27,489
Disbursements for charitable purposes
$165,347
Excise tax on investment income
$542

Balance sheet and other

Total assets, start of year
$1,549,542
Total assets, end of year
$1,423,219
Total liabilities, end of year
$0
Net assets, end of year
$1,423,219
Fair market value of assets
$3,016,156
Qualifying distributions
$165,347
Net investment income
$69,285

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
GWENN S HERZ
PO BOX 230, DENMARK, ME 04022
TRUSTEE1$9,163
SUSAN KOHLMEYER
PO BOX 230, DENMARK, ME 04022
TRUSTEE1$9,163
KIM PHILLIPS
PO BOX 230, DENMARK, ME 04022
TRUSTEE1$9,163
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
GWENN S HERZ
PO BOX 230, DENMARK, ME 04022
TRUSTEE1$8,353
SUSAN KOHLMEYER
PO BOX 230, DENMARK, ME 04022
TRUSTEE1$8,353
KIM PHILLIPS
PO BOX 230, DENMARK, ME 04022
TRUSTEE1.5$8,353
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
GWENN S HERZ
PO BOX 230, DENMARK, ME 04022
TRUSTEE1$8,872
SUSAN KOHLMEYER
PO BOX 230, DENMARK, ME 04022
TRUSTEE1$8,872
KIM PHILLIPS
PO BOX 230, DENMARK, ME 04022
TRUSTEE1.5$8,872

Address and contacts

Address (IRS master file)
PO BOX 1408, CHARLOTTESVLE, VA 22902-1408
Signed the 990-PF
KIM PHILLIPS, TRUSTEE
Phone
(805) 969-7352
Return prepared by
HANTZMON WIEBEL 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
54-6786255
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
2010
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$1,423,219
Income (IRS master file)
$595,224

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$69,285$195,608$1,423,219XML
990-PFDecember 2024$69,236$188,621$1,549,542XML
990-PFDecember 2023$57,134$185,037$1,668,927XML
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 54-6786255).

Questions about THE MAIN IDEA INC CHARITABLE TRUST

What is the EIN of THE MAIN IDEA INC CHARITABLE TRUST?
The employer identification number (EIN) of THE MAIN IDEA INC CHARITABLE TRUST is 54-6786255.
Is THE MAIN IDEA INC CHARITABLE TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
Are donations to THE MAIN IDEA INC CHARITABLE TRUST tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does THE MAIN IDEA INC CHARITABLE TRUST file?
Form 990-PF. Private foundations file every year.
When is the next return of THE MAIN IDEA INC CHARITABLE TRUST 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 MAIN IDEA INC CHARITABLE TRUST 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 MAIN IDEA INC CHARITABLE TRUST?
The 990-PF for the year ended December 31, 2025 lists 3 people; 3 received compensation from the organization, the highest $9,163 (GWENN S HERZ, TRUSTEE).
How much revenue does THE MAIN IDEA INC CHARITABLE TRUST have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $69,285, expenses of $195,608 and total assets of $1,423,219 at year end.

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