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Marilyn J Degroot Charitable Tr

George R Phillips Jr Ttee

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

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$711k (2024)

Expenses
$1.11M (2024)

Total Assets
$11.8M (2024)

Total Liabilities
$800 (2024)

Source: Form 990 tax filings from 2014 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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$710,601
Expenses
$1,107,033
Net Income
-$396,432
Net Assets
$11,830,467
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $393,499
55.4%
Sales of Assets $153,390
21.6%
Other Income $369
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $775,946
70.1%
Compensation of Officers* $149,912
13.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $11,831,267
Total Liabilities $800
Net Assets $11,830,467
Compensation
Key Employees and Officers Compensation Other
George R Phillips Jr (Trustee) $149,912 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$519,844
Expenses
$1,135,142
Net Income
-$615,298
Net Assets
$12,226,899
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $239,322
46.0%
Sales of Assets $144,958
27.9%
Other Income $82
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $660,421
58.2%
Compensation of Officers* $113,126
10.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $12,228,665
Total Liabilities $1,766
Net Assets $12,226,899
Compensation
Key Employees and Officers Compensation Other
George R Phillips Jr (Trustee) $113,126 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,236,413
Expenses
$837,022
Net Income
$2,399,391
Net Assets
$12,842,197
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $133,065
4.1%
Sales of Assets $2,900,468
89.6%
Other Income $2,029
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $576,485
68.9%
Compensation of Officers* $114,572
13.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $12,842,597
Total Liabilities $400
Net Assets $12,842,197
Compensation
Key Employees and Officers Compensation Other
George R Phillips Jr (Trustee) $114,572 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$715,302
Expenses
$1,010,423
Net Income
-$295,121
Net Assets
$10,442,806
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $127,488
17.8%
Sales of Assets $205,965
28.8%
Other Income $57
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $632,523
62.6%
Compensation of Officers* $112,222
11.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,448,726
Total Liabilities $5,920
Net Assets $10,442,806
Compensation
Key Employees and Officers Compensation Other
George R Phillips Jr (Trustee) $112,222 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$558,780
Expenses
$1,039,468
Net Income
-$480,688
Net Assets
$10,737,927
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $89,217
16.0%
Sales of Assets $135,727
24.3%
Other Income $10,974
2.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $676,351
65.1%
Compensation of Officers* $98,687
9.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,752,739
Total Liabilities $14,812
Net Assets $10,737,927
Compensation
Key Employees and Officers Compensation Other
George R Phillips Jr (Trustee) $98,687 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,278,588
Expenses
$827,920
Net Income
$450,668
Net Assets
$11,218,615
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $148,511
11.6%
Sales of Assets $807,485
63.2%
Other Income $469
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $410,666
49.6%
Compensation of Officers* $89,454
10.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $11,234,027
Total Liabilities $15,412
Net Assets $11,218,615
Compensation
Key Employees and Officers Compensation Other
George R Phillips Jr (Trustee) $89,454 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$816,092
Expenses
$780,528
Net Income
$35,564
Net Assets
$10,767,947
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $139,652
17.1%
Sales of Assets $378,791
46.4%
Other Income $6,374
0.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $387,873
49.7%
Compensation of Officers* $85,292
10.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,774,657
Total Liabilities $6,710
Net Assets $10,767,947
Compensation
Key Employees and Officers Compensation Other
George R Phillips Jr (Trustee) $85,292 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$760,600
Expenses
$883,313
Net Income
-$122,713
Net Assets
$10,732,383
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,003
0.4%
Dividends $125,145
16.5%
Sales of Assets $365,263
48.0%
Other Income $4
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $490,414
55.5%
Compensation of Officers* $99,159
11.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,738,953
Total Liabilities $6,570
Net Assets $10,732,383
Compensation
Key Employees and Officers Compensation Other
George R Phillips Jr (Trustee) $99,159 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$613,759
Expenses
$877,088
Net Income
-$263,329
Net Assets
$10,855,096
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $10,471
1.7%
Dividends $106,697
17.4%
Sales of Assets $221,465
36.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $455,129
51.9%
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 $10,863,915
Total Liabilities $8,819
Net Assets $10,855,096
Compensation
Key Employees and Officers Compensation Other
George R Phillips Jr (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$744,586
Expenses
$714,182
Net Income
$30,404
Net Assets
$11,118,425
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $77,248
10.4%
Interest Revenue $13,672
1.8%
Dividends $89,043
12.0%
Sales of Assets $303,606
40.8%
Other Income $1,740
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $228,760
32.0%
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 $11,125,495
Total Liabilities $7,070
Net Assets $11,118,425
Compensation
Key Employees and Officers Compensation Other
George R Phillips Jr (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,173,603
Expenses
$85,582
Net Income
$11,088,021
Net Assets
$11,088,021
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,488,249
93.9%
Interest Revenue $12,237
0.1%
Dividends $91,071
0.8%
Sales of Assets $163,094
1.5%
Other Income $285,557
2.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $32,500
38.0%
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 $11,088,021
Total Liabilities $0
Net Assets $11,088,021

Document Links

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.

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 »

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