Nonprofit · EIN 81-2618658
PHILLIPS CHARITABLE FOUNDATION INC
Tax-exempt · CHARLESTON, SC 29413
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,577,321 | $1,728,002 | -$150,681 | $25,045,371 | $0 | $25,045,371 |
| December 31, 2023 | 990-PF | $1,834,862 | $2,299,094 | -$464,232 | $25,205,482 | $0 | $25,205,482 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $1,205,067
- Net gain from sales of assets
- $372,254
Expenses
- Grants and similar amounts paid
- $880,150
- Compensation of officers, directors and key employees
- $462,000
- Salaries, compensation and benefits (total)
- $130,000
- Disbursements for charitable purposes
- $1,494,713
- Excise tax on investment income
- $18,085
Balance sheet and other
- Total assets, start of year
- $25,205,482
- Total assets, end of year
- $25,045,371
- Total liabilities, end of year
- $0
- Net assets, end of year
- $25,045,371
- Fair market value of assets
- $32,528,423
- Qualifying distributions
- $1,494,713
- Net investment income
- $1,501,328
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 |
|---|---|---|---|---|
| EILEEN M GROSS PO BOX 21431, CHARLESTON, SC 29413 | PRESIDENT/TREASURER | 40 | $180,000 | $9,000 |
| JENNIFER C GOOD PO BOX 21431, CHARLESTON, SC 29413 | VP/SECRETARY | 40 | $130,000 | $6,500 |
| ALEXANDRA D CROWLEY PO BOX 21431, CHARLESTON, SC 29413 | DIRECTOR | 40 | $130,000 | $6,500 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EILEEN M GROSS PO BOX 2369, ANNAPOLIS, MD 21404 | PRESIDENT/TREASURER | 40 | $154,932 | $15,493 |
| JENNIFER C GOOD PO BOX 2369, ANNAPOLIS, MD 21404 | VP/SECRETARY | 40 | $121,732 | $12,173 |
| ALEXANDRA D CROWLEY PO BOX 2369, ANNAPOLIS, MD 21404 | TRUSTEE | 40 | $121,732 | $12,173 |
Address and contacts
- Address (IRS master file)
- PO BOX 21431, CHARLESTON, SC 29413-1431
- In care of
- % EILEEN M GROSS
- Signed the 990-PF
- EILEEN M GROSS, PRESIDENT/TREASURER
- Phone
- (443) 996-5013
- Website
- WWW.PHILLIPSGRANTS.ORG
- Return prepared by
- CLIFTONLARSONALLEN 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 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
- 81-2618658
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $25,045,371
- Income (IRS master file)
- $9,454,853
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,577,321 | $1,728,002 | $25,045,371 | XML |
| 990-PF | December 2023 | $1,834,862 | $2,299,094 | $25,205,482 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | 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 81-2618658).
Questions about PHILLIPS CHARITABLE FOUNDATION INC
- What is the EIN of PHILLIPS CHARITABLE FOUNDATION INC?
- The employer identification number (EIN) of PHILLIPS CHARITABLE FOUNDATION INC is 81-2618658.
- Is PHILLIPS CHARITABLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to PHILLIPS CHARITABLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PHILLIPS CHARITABLE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PHILLIPS CHARITABLE FOUNDATION INC 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 PHILLIPS CHARITABLE FOUNDATION INC 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 PHILLIPS CHARITABLE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $180,000 (EILEEN M GROSS, PRESIDENT/TREASURER).
- How much revenue does PHILLIPS CHARITABLE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,577,321, expenses of $1,728,002 and total assets of $25,045,371 at year end.
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