Nonprofit · EIN 84-1797339
PHASE TWO CEBU
Tax-exempt · CAMBRIDGE, MN 55008
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $251,001 | $285,558 | -$34,557 | $104,906 | $272 | $104,634 |
| December 31, 2024 | 990-PF | $175,691 | $159,076 | $16,615 | $139,191 | $0 | $139,191 |
| December 31, 2023 | 990-PF | $145,562 | $203,747 | -$58,185 | $122,576 | $0 | $122,576 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $250,501
- Interest
- $31
- Other income
- $469
Expenses
- Grants and similar amounts paid
- $190,000
- Compensation of officers, directors and key employees
- $38,754
- Disbursements for charitable purposes
- $285,058
Balance sheet and other
- Total assets, start of year
- $139,191
- Total assets, end of year
- $104,906
- Total liabilities, end of year
- $272
- Net assets, end of year
- $104,634
- Fair market value of assets
- $104,906
- Qualifying distributions
- $285,058
- Net investment income
- $500
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joel Reasoner 441 2nd Avenue SW, Cambridge, MN 55008 | Executive Director | 40 | $38,754 |
| Paul H Reasoner 441 2nd Avenue SW, Cambridge, MN 55008 | President | 15 | $0 |
| Shari Reasoner 441 2nd Avenue SW, Cambridge, MN 55008 | Vice President | 15 | $0 |
| Ruth Lunde 18697 Clear View Court, Minnetonka, MN 55345 | Treasurer | 5 | $0 |
| Michelle Turner 15475 Morraine Way, Eden Prairie, MN 55347 | Secretary | 5 | $0 |
| Roger D Madison 166 Wedgewood Drive, Mahtomedi, MN 55115 | Chairman | 5 | $0 |
990-PF for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joel Reasoner 441 2nd Avenue SW, Cambridge, MN 55008 | Executive Director | 40 | $36,050 |
| Paul H Reasoner 441 2nd Avenue SW, Cambridge, MN 55008 | President | 15 | $0 |
| Shari Reasoner 441 2nd Avenue SW, Cambridge, MN 55008 | Vice President | 15 | $0 |
| Ruth Lunde 6721 Hopi Road, Chanhassen, MN 55317 | Treasurer | 5 | $0 |
| Michelle Turner 2519 11th Avenue South, Minneapolis, MN 55404 | Secretary | 5 | $0 |
| Roger D Madison 158 Wildwood Avenue, Saint Paul, MN 55110 | Chairman | 5 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Paul Reasoner 441 2nd Avenue SW, Cambridge, MN 55008 | President | 15 | $0 |
| Shari Reasoner 441 2nd Avenue SW, Cambridge, MN 55008 | Vide President | 15 | $0 |
| Ruth Lunde 6721 Hopi Road, Chanhassen, MN 55317 | Treasurer | 5 | $0 |
| Michelle Turner 2519 11th Avenue South, Minneapolis, MN 55404 | Secretary | 5 | $0 |
| Roger D Madison 158 Wildwood Avenue, Saint Paul, MN 55110 | Chairman | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 441 2ND AVE SW, CAMBRIDGE, MN 55008-1402
- In care of
- % PAUL H REASONER
- Signed the 990-PF
- PAUL H REASONER, President
- Phone
- (763) 689-1752
- Website
- www.phasetwocebu.org
- Return prepared by
- Grannis & Hauge PA
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 | 990-PF 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
- 84-1797339
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Housing and shelter (L11)
- Assets (IRS master file)
- $104,906
- Income (IRS master file)
- $251,001
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $251,001 | $285,558 | $104,906 | IRS |
| 990-PF | December 2024 | $175,691 | $159,076 | $139,191 | IRS |
| 990-PF | December 2023 | $145,562 | $203,747 | $122,576 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 84-1797339).
Questions about PHASE TWO CEBU
- What is the EIN of PHASE TWO CEBU?
- The employer identification number (EIN) of PHASE TWO CEBU is 84-1797339.
- Is PHASE TWO CEBU tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to PHASE TWO CEBU tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does PHASE TWO CEBU file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PHASE TWO CEBU 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 PHASE TWO CEBU 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 PHASE TWO CEBU?
- The 990-PF for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $38,754 (Joel Reasoner, Executive Director).
- How much revenue does PHASE TWO CEBU have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $251,001, expenses of $285,558 and total assets of $104,906 at year end.
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All nonprofits in CAMBRIDGE · Minnesota · Housing and shelter