The Edward J Phillips Family Foundation

Wayzata, MN
Tax-exempt since June 2005
EIN: 20-2041201

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$807k (2023)

Expenses

$1.28M (2023)

Total Assets

$24.3M (2023)

Total Liabilities

$0 (2023)

Years with missing data

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$807,230

Expenses

$1,282,812

Net Income

-$475,582

Net Assets

$24,316,986

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$250,000	31.0%
Interest Revenue	$1,271	0.2%
Dividends	$724,731	89.8%
Sales of Assets	-$214,611
Other Income	$45,839	5.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,026,305	80.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$24,316,986
Total Liabilities	$0
Net Assets	$24,316,986

Compensation

Key Employees and Officers	Compensation	Other
Tyler J Phillips (President)	$0	$0
Jay J Phillips (Secretary)	$0	$0
Hutton Phillips (Treasurer)	$0	$0

990-PF

Filed on Nov. 7, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$1,948,246

Expenses

$1,133,748

Net Income

$814,498

Net Assets

$24,486,071

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$250,000	12.8%
Interest Revenue	$2,090	0.1%
Dividends	$572,265	29.4%
Sales of Assets	$1,062,841	54.6%
Other Income	$61,050	3.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$887,095	78.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$24,486,071
Total Liabilities	$0
Net Assets	$24,486,071

Compensation

Key Employees and Officers	Compensation	Other
Tyler J Phillips (President)	$0	$0
Jay J Phillips (Secretary)	$0	$0
Hutton Phillips (Treasurer)	$0	$0

990-PF

Filed on Nov. 9, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$2,438,613

Expenses

$1,601,088

Net Income

$837,525

Net Assets

$24,165,666

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$250,000	10.3%
Interest Revenue	$54,759	2.2%
Dividends	$479,750	19.7%
Sales of Assets	$1,588,688	65.1%
Other Income	$65,416	2.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,379,550	86.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$24,165,666
Total Liabilities	$0
Net Assets	$24,165,666

Compensation

Key Employees and Officers	Compensation	Other
Tyler J Phillips (President)	$0	$0
Jay J Phillips (Secretary)	$0	$0
Hutton Phillips (Treasurer)	$0	$0

990-PF

Filed on Nov. 9, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$2,168,105

Expenses

$1,041,547

Net Income

$1,126,558

Net Assets

$23,165,744

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$250,000	11.5%
Interest Revenue	$76,953	3.5%
Dividends	$508,560	23.5%
Sales of Assets	$1,282,746	59.2%
Other Income	$49,846	2.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$909,164	87.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,165,745
Total Liabilities	$1
Net Assets	$23,165,744

Compensation

Key Employees and Officers	Compensation	Other
Tyler J Phillips (President)	$0	$0
Jay J Phillips (Secretary)	$0	$0
Hutton Phillips (Treasurer)	$0	$0

990-PF

Filed on Nov. 12, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$1,332,242

Expenses

$1,310,187

Net Income

$22,055

Net Assets

$21,765,854

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$250,000	18.8%
Interest Revenue	$145,613	10.9%
Dividends	$607,722	45.6%
Sales of Assets	$328,907	24.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,131,478	86.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$21,765,855
Total Liabilities	$1
Net Assets	$21,765,854

Compensation

Key Employees and Officers	Compensation	Other
Tyler J Phillips (President)	$0	$0
Jay J Phillips (Secretary)	$0	$0
Hutton Phillips (Treasurer)	$0	$0

990-PF

Filed on Nov. 4, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$929,724

Expenses

$1,729,800

Net Income

-$800,076

Net Assets

$23,880,615

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$250,000	26.9%
Interest Revenue	$15,768	1.7%
Dividends	$538,181	57.9%
Sales of Assets	$124,245	13.4%
Other Income	$1,530	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,596,116	92.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,880,615
Total Liabilities	$0
Net Assets	$23,880,615

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$799,755

Expenses

$2,182,197

Net Income

-$1,382,442

Net Assets

$24,624,609

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$250,000	31.3%
Interest Revenue	$86,088	10.8%
Dividends	$422,348	52.8%
Sales of Assets	$0
Other Income	$63,770	8.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,004,791	91.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$24,624,609
Total Liabilities	$0
Net Assets	$24,624,609

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$1,383,267

Expenses

$1,709,775

Net Income

-$326,508

Net Assets

$24,864,806

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$250,000	18.1%
Interest Revenue	$213	0.0%
Dividends	$474,348	34.3%
Sales of Assets	$626,316	45.3%
Other Income	$32,390	2.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,567,385	91.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$24,864,806
Total Liabilities	$0
Net Assets	$24,864,806

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$680,719

Expenses

$1,502,968

Net Income

-$822,249

Net Assets

$25,288,850

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$250,000	36.7%
Interest Revenue	$54,899	8.1%
Dividends	$363,730	53.4%
Sales of Assets	$10,082	1.5%
Other Income	$2,008	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,391,006	92.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$25,288,850
Total Liabilities	$0
Net Assets	$25,288,850

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$11,220,420

Expenses

$1,577,862

Net Income

$9,642,558

Net Assets

$26,052,183

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$182,875	1.6%
Interest Revenue	$1,310	0.0%
Dividends	$535,285	4.8%
Sales of Assets	$440,064	3.9%
Other Income	$10,060,886	89.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,496,098	94.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$26,052,183
Total Liabilities	$0
Net Assets	$26,052,183

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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The Edward J Phillips Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $807k (2023)

Expenses $1.28M (2023)

Total Assets $24.3M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Document Links

990-PF

Revenue

$807k (2023)

Expenses

$1.28M (2023)

Total Assets

$24.3M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004