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Phemus Corporation

Organization summary

Type of Nonprofit

Designated as a 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: Educational Institutions and Related Activities / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
−$150M (2023)

Expenses
$3.42M (2023)

Total Assets
$746M (2023)

Total Liabilities
$1.15M (2023)

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 June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$150,302,637
Expenses
$3,416,278
Net Income
-$153,718,915
Net Assets
$744,859,513
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,178,617
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$152,482,546
Net Inventory Sales $0
Other Revenue $1,292
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $746,010,087
Total Liabilities $1,150,574
Net Assets $744,859,513
Compensation
Key Employees and Officers Compensation Related Other
Kathryn I Murtagh (Director & Secretary) $0 $2,252,121 $46,222
Nirmal P Narvekar (Director & President) $0 $9,602,531 $65,735
Sanjeev Daga (Director & Treasurer) $0 $3,915,776 $67,097

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$2,498,630
Expenses
$2,971,105
Net Income
-$5,469,735
Net Assets
$706,660,961
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $21,420,357
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$23,945,481
Net Inventory Sales $0
Other Revenue $26,494
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $706,660,961
Total Liabilities $0
Net Assets $706,660,961
Compensation
Key Employees and Officers Compensation Related Other
Kathryn I Murtagh (Director & Secretary) $0 $2,452,214 $44,560
Nirmal P Narvekar (Director & President) $0 $8,749,717 $1,728,098
Sanjeev Daga (Director & Treasurer) $0 $5,521,785 $63,765

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,564,792
Expenses
$4,804,671
Net Income
-$2,239,879
Net Assets
$783,415,587
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income -$9,819,853
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $13,658,015
> 100%
Net Inventory Sales -$2,773,607
Other Revenue $1,500,237
58.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $214,497
4.5%
Assets/Debt
Total Assets $816,479,515
Total Liabilities $33,063,928
Net Assets $783,415,587
Compensation
Key Employees and Officers Compensation Related Other
Peter Taggares Iv (Ceo Taggares Fruit Company, Llc) $133,644 $0 $15,639
Kathryn I Murtagh (Director & Secretary) $0 $2,252,656 $43,641
Nirmal P Narvekar (Director & President) $0 $1,002,336 $62,285
Sanjeev Daga (Director & Treasurer) $0 $6,020,756 $1,136,730
Kevin F Shannon (Former Treasurer) $0 $175,964 $22,272

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$252,684,023
Expenses
$21,859,326
Net Income
$230,824,697
Net Assets
$1,461,246,213
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $28,858,749
11.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $229,211,757
90.7%
Net Inventory Sales -$6,349,015
Other Revenue $962,532
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $316,385
1.4%
Assets/Debt
Total Assets $1,496,630,479
Total Liabilities $35,384,266
Net Assets $1,461,246,213
Compensation
Key Employees and Officers Compensation Related Other
Peter Taggares Iv (Ceo Taggares Fruit Company, Llc) $262,000 $0 $19,878
Jason Schlagel (Coo Taggares Fruit Company, Llc) $153,920 $0 $19,878
Peter Faucher (Ranch Manager Taggares Fruit Company, Llc) $139,544 $0 $14,908
Keri Howard (Cfo Taggares Fruit Company, Llc) $132,758 $0 $19,878
Kathryn I Murtagh (Director & Secretary) $0 $1,936,548 $42,914
Nirmal P Narvekar (Director & President) $0 $6,252,291 $61,539
Sanjeev Daga (Director & Treasurer) $0 $6,264,390 $3,590,132
Kevin F Shannon (Former Treasurer) $0 $1,100,437 $64,377
Robert A Ettl (Former Director & Treasurer) $0 $4,775,833 $64,377

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,942,971
Expenses
$24,752,030
Net Income
$16,190,941
Net Assets
$1,883,717,699
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $16,825,702
41.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $22,606,039
55.2%
Net Inventory Sales $660,360
1.6%
Other Revenue $850,870
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $299,377
1.2%
Assets/Debt
Total Assets $1,898,773,311
Total Liabilities $15,055,612
Net Assets $1,883,717,699
Compensation
Key Employees and Officers Compensation Related Other
Nirmal P Narvekar (Director & President) $0 $7,201,795 $1,357,418
Robert A Ettl (Director & Treasurer (Until 3/14/19)) $0 $4,448,145 $62,771
Kathryn I Murtagh (Director & Secretary) $0 $1,836,048 $42,040
Sanjeev Daga (Director & Treasurer (As Of 3/14/19)) $0 $0 $0
Kevin F Shannon (Former Treasurer) $0 $1,099,992 $62,909

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$158,484,101
Expenses
$19,255,075
Net Income
$139,229,026
Net Assets
$1,980,873,144
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $20,262,216
12.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $138,221,885
87.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,981,073,144
Total Liabilities $200,000
Net Assets $1,980,873,144
Compensation
Key Employees and Officers Compensation Related Other
Nirmal P Narvekar (Director & President) $0 $9,251,786 $3,847,338
Robert A Ettl (Director & Treasurer) $0 $5,254,276 $59,641
Kathryn I Murtagh (Director & Secretary) $0 $1,651,050 $40,440
Kevin F Shannon (Assistant Treasurer) $0 $972,828 $59,779

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$92,689,964
Expenses
$13,698,208
Net Income
-$106,388,172
Net Assets
$2,376,983,821
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $12,454,390
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$105,144,455
Net Inventory Sales $0
Other Revenue $101
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,381,222,747
Total Liabilities $4,238,926
Net Assets $2,376,983,821
Compensation
Key Employees and Officers Compensation Related Other
Nirmal P Narvekar (Director & President (See Sch O)) $0 $57,746 $913,985
Stephen J Blyth (Director & President (See Sch O)) $0 $6,759,158 $41,778
Robert A Ettl (Director & Treasurer (See Sch O)) $0 $4,299,220 $57,059
Kathryn I Murtagh (Director & Secretary (See Sch O)) $0 $1,464,116 $39,055
Kevin F Shannon (Assistant Treasurer (See Sch O)) $0 $906,805 $57,068

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$152,773,269
Expenses
$43,590,665
Net Income
$109,182,604
Net Assets
$2,771,791,276
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $32,028,794
21.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $120,744,475
79.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,771,791,276
Total Liabilities $0
Net Assets $2,771,791,276
Compensation
Key Employees and Officers Compensation Related Other
Alvaro Aguirre Simunovic (Md N. Res (Until 10/9/15)) $176,076 $129,983 $46,315
Oliver Grantham (Md N. Res (Until 10/21/15)) $107,233 $88,677 $38,669
Stephen J Blyth (Director & President) $0 $14,835,934 $52,350
Robert A Ettl (Director & Treasurer) $0 $4,697,050 $55,067
Kathryn I Murtagh (Director & Clerk) $0 $1,284,937 $37,911

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$674,105,673
Expenses
$42,582,830
Net Income
$631,522,843
Net Assets
$3,143,755,918
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $16,005,024
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $657,709,433
97.6%
Net Inventory Sales $0
Other Revenue $391,216
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,711,682
11.1%
Assets/Debt
Total Assets $3,143,755,918
Total Liabilities $0
Net Assets $3,143,755,918
Compensation
Key Employees and Officers Compensation Related Other
Alvaro Aguirre Simunovic (Md Natural Resources) $3,597,599 $0 $50,402
Oliver Grantham (Svp Natural Resources) $1,111,114 $0 $42,819
Stephen J Blyth (Director & President(as Of 1/1/15)) $0 $8,292,315 $53,791
Jane L Mendillo (Director & President(until 12/31/14)) $0 $13,757,369 $55,282
Robert A Ettl (Director & Treasurer) $0 $4,389,924 $54,933
Kathryn I Murtagh (Director & Clerk) $0 $980,618 $37,615

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$107,580,408
Expenses
$36,234,000
Net Income
$71,346,408
Net Assets
$3,744,710,568
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $82,521,845
76.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $25,042,559
23.3%
Net Inventory Sales $0
Other Revenue $16,004
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $13,058,231
36.0%
Assets/Debt
Total Assets $3,764,814,392
Total Liabilities $20,103,824
Net Assets $3,744,710,568
Compensation
Key Employees and Officers Compensation Related Other
Alvaro Aguirre Simunovic (Md Natural Resources) $9,497,053 $0 $57,456
Oliver Grantham (Svp Natural Resources) $3,544,687 $0 $44,125
Jane L Mendillo (Director & President) $0 $9,497,390 $62,547
Robert A Ettl (Director & Treasurer) $0 $4,009,729 $56,337
Kathryn I Murtagh (Director & Clerk) $0 $968,766 $36,744

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$543,213,483
Expenses
$35,975,928
Net Income
$507,237,555
Net Assets
$3,742,220,490
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $85,208,193
15.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $457,952,058
84.3%
Net Inventory Sales $0
Other Revenue $53,232
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $10,284,535
28.6%
Assets/Debt
Total Assets $3,752,431,253
Total Liabilities $10,210,763
Net Assets $3,742,220,490

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$235,538,852
Expenses
$23,839,144
Net Income
$211,699,708
Net Assets
$4,225,363,556
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $85,725,805
36.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $149,794,528
63.6%
Net Inventory Sales $0
Other Revenue $18,519
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $7,216,133
30.3%
Assets/Debt
Total Assets $4,258,287,324
Total Liabilities $32,923,768
Net Assets $4,225,363,556

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,777,667
Expenses
$39,524,064
Net Income
-$33,746,397
Net Assets
$4,198,031,366
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $14,635,836
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$8,872,331
Net Inventory Sales $0
Other Revenue $14,162
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,281,298,904
Total Liabilities $83,267,538
Net Assets $4,198,031,366

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

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

Document Links

About 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.

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.

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