Phantom Foundation

Jackson, MI
Tax-exempt since Dec. 1999
EIN: 38-3353208

Receive an email when new data is available for this organization.

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 / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Revenue

$412k (2024)

Expenses

$405k (2024)

Total Assets

$549k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Revenue

$412,492

Expenses

$405,024

Net Income

$7,468

Net Assets

$549,378

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$304	0.1%
Dividends	$37,706	9.1%
Sales of Assets	$374,482	90.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$405,000	100.0%
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	$549,378
Total Liabilities	$0
Net Assets	$549,378

Compensation

Key Employees and Officers	Compensation	Other
William B Holmes (President)	$0	$0
Wendy B Holmes (Sec./Treas.)	$0	$0
Allison Holmes (Director)	$0	$0
Whitney Holmes (Director)	$0	$0
Raleigh Holmes (Director)	$0	$0

+ View more people

990-PF

Filed on Oct. 9, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$54,562

Expenses

$100,021

Net Income

-$45,459

Net Assets

$541,909

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$405	0.7%
Dividends	$43,194	79.2%
Sales of Assets	$10,963	20.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$100,000	100.0%
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	$541,909
Total Liabilities	$0
Net Assets	$541,909

Compensation

Key Employees and Officers	Compensation	Other
William B Holmes (President)	$0	$0
Wendy B Holmes (Sec./Treas.)	$0	$0
Allison Holmes (Director)	$0	$0
Whitney Holmes (Director)	$0	$0
Raleigh Holmes (Director)	$0	$0

+ View more people

990-PF

Filed on Oct. 28, 2024

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$242,573

Expenses

$175,145

Net Income

$67,428

Net Assets

$583,369

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$119	0.0%
Dividends	$36,423	15.0%
Sales of Assets	$206,031	84.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$175,000	99.9%
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	$587,609
Total Liabilities	$4,240
Net Assets	$583,369

Compensation

Key Employees and Officers	Compensation	Other
William B Holmes (President)	$0	$0
Wendy B Holmes (Sec./Treas.)	$0	$0
Allison Holmes (Director)	$0	$0
Whitney Holmes (Director)	$0	$0
Raleigh Holmes (Director)	$0	$0

+ View more people

990-PF

Filed on June 5, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$193,287

Expenses

$147,821

Net Income

$45,466

Net Assets

$516,754

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$93,836	48.5%
Interest Revenue	$4	0.0%
Dividends	$36,139	18.7%
Sales of Assets	$63,308	32.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$147,000	99.4%
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	$516,754
Total Liabilities	$0
Net Assets	$516,754

Compensation

Key Employees and Officers	Compensation	Other
William B Holmes (President)	$0	$0
Wendy B Holmes (Sec./Treas.)	$0	$0
Allison Holmes (Director)	$0	$0
Whitney Holmes (Director)	$0	$0
Raleigh Holmes (Director)	$0	$0

+ View more people

990-PF

Filed on Aug. 31, 2022

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$167,921

Expenses

$155,729

Net Income

$12,192

Net Assets

$476,154

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$82,968	49.4%
Interest Revenue	$6	0.0%
Dividends	$41,393	24.7%
Sales of Assets	$43,554	25.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$152,500	97.9%
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	$476,155
Total Liabilities	$1
Net Assets	$476,154

Compensation

Key Employees and Officers	Compensation	Other
William B Holmes (President)	$0	$0
Wendy B Holmes (Sec./Treas.)	$0	$0
Allison Holmes (Director)	$0	$0
Whitney Holmes (Director)	$0	$0
Raleigh Holmes (Director)	$0	$0

+ View more people

990-PF

Filed on Aug. 30, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$208,298

Expenses

$186,518

Net Income

$21,780

Net Assets

$476,867

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$14,933	7.2%
Interest Revenue	$137	0.1%
Dividends	$44,507	21.4%
Sales of Assets	$148,721	71.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$180,000	96.5%
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	$476,868
Total Liabilities	$1
Net Assets	$476,867

Compensation

Key Employees and Officers	Compensation	Other
William B Holmes (President)	$0	$0
Wendy B Holmes (Sec./Treas.)	$0	$0
Allison Holmes (Director)	$0	$0
Whitney Holmes (Director)	$0	$0
Raleigh Holmes (Director)	$0	$0

+ View more people

990-PF

Filed on July 7, 2020

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$134,898

Expenses

$147,543

Net Income

-$12,645

Net Assets

$455,088

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,198	1.6%
Interest Revenue	$397	0.3%
Dividends	$44,396	32.9%
Sales of Assets	$87,907	65.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$145,000	98.3%
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	$465,200
Total Liabilities	$10,112
Net Assets	$455,088

Compensation

Key Employees and Officers	Compensation	Other
William B Holmes (President)	$0	$0
Wendy B Holmes (Sec./Treas.)	$0	$0
Allison Holmes (Director)	$0	$0
Whitney Holmes (Director)	$0	$0
Raleigh Holmes (Director)	$0	$0

+ View more people

990-PF

Filed on May 7, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$53,789

Expenses

$235,606

Net Income

-$181,817

Net Assets

$467,733

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$7,094	13.2%
Interest Revenue	$38	0.1%
Dividends	$40,551	75.4%
Sales of Assets	$6,106	11.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$228,000	96.8%
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	$467,733
Total Liabilities	$0
Net Assets	$467,733

Compensation

Key Employees and Officers	Compensation	Other
William B Holmes (President)	$0	$0
Wendy B Holmes (Sec./Treas.)	$0	$0
Allison Holmes (Director)	$0	$0
Whitney Holmes (Director)	$0	$0
Raleigh Holmes (Director)	$0	$0

+ View more people

990-PF

Filed on May 15, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$400,083

Expenses

$88,061

Net Income

$312,022

Net Assets

$649,550

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$24,748	6.2%
Interest Revenue	$13	0.0%
Dividends	$34,362	8.6%
Sales of Assets	$340,960	85.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$85,000	96.5%
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	$720,642
Total Liabilities	$71,092
Net Assets	$649,550

Compensation

Key Employees and Officers	Compensation	Other
William B Holmes (President)	$0	$0
Wendy B Holmes (Sec./Treas.)	$0	$0
Allison Holmes (Director)	$0	$0
Whitney Holmes (Director)	$0	$0
Raleigh Holmes (Director)	$0	$0

+ View more people

990-PF

Filed on May 12, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$113,065

Expenses

$109,865

Net Income

$3,200

Net Assets

$337,528

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,803	4.2%
Interest Revenue	$1	0.0%
Dividends	$29,343	26.0%
Sales of Assets	$78,918	69.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$105,000	95.6%
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	$337,528
Total Liabilities	$0
Net Assets	$337,528

Compensation

Key Employees and Officers	Compensation	Other
William B Holmes (President)	$0	$0
Wendy B Holmes (Sec./Treas.)	$0	$0
Allison Holmes (Director)	$0	$0
Whitney Holmes (Director)	$0	$0
Raleigh Holmes (Director)	$0	$0

+ View more people

990-PF

Filed on June 22, 2016

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$146,868

Expenses

$39,411

Net Income

$107,457

Net Assets

$334,328

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$24,110	16.4%
Interest Revenue	$3	0.0%
Dividends	$66,023	45.0%
Sales of Assets	$56,732	38.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,860	80.8%
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	$334,328
Total Liabilities	$0
Net Assets	$334,328

Compensation

Key Employees and Officers	Compensation	Other
William B Holmes (President)	$0	$0
Wendy B Holmes (Sec./Treas.)	$0	$0
Allison Holmes (Director)	$0	$0
Whitney Holmes (Director)	$0	$0
Raleigh Holmes (Director)	$0	$0

+ View more people

990-PF

Filed on May 12, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$299,108

Expenses

$186,983

Net Income

$112,125

Net Assets

$226,871

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$29,963	10.0%
Interest Revenue	$3	0.0%
Dividends	$19,959	6.7%
Sales of Assets	$249,183	83.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$185,000	98.9%
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	$234,888
Total Liabilities	$8,017
Net Assets	$226,871

Compensation

Key Employees and Officers	Compensation	Other
William B Holmes (President)	$0	$0
Wendy B Holmes (Sec./Treas.)	$0	$0
Allison Holmes (Director)	$0	$0
Whitney Holmes (Director)	$0	$0
Raleigh Holmes (Director)	$0	$0

+ View more people

990-PF

Filed on May 14, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$96,950

Expenses

$283,712

Net Income

-$186,762

Net Assets

$114,746

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$76,699	79.1%
Interest Revenue	$9	0.0%
Dividends	$20,242	20.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$282,128	99.4%
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	$120,797
Total Liabilities	$6,051
Net Assets	$114,746

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$16,308

Expenses

$28,371

Net Income

-$12,063

Net Assets

$121,079

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$11	0.1%
Dividends	$17,077	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,000	95.2%
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	$125,546
Total Liabilities	$4,467
Net Assets	$121,079

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.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated January 26, 2026

Phantom Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $412k (2024)

Expenses $405k (2024)

Total Assets $549k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

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

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$412k (2024)

Expenses

$405k (2024)

Total Assets

$549k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001