Phillips Foundation

Oswego, IL
Tax-exempt since March 1953
EIN: 95-6042761

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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.

Donations to this organization are tax deductible.

Revenue

$5.57k (2024)

Expenses

$23.8k (2024)

Total Assets

$183k (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

$5,573

Expenses

$23,819

Net Income

-$18,246

Net Assets

$183,401

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$838	15.0%
Dividends	$4,735	85.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$20,000	84.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$183,401
Total Liabilities	$0
Net Assets	$183,401

Compensation

Key Employees and Officers	Compensation	Other
Donovan Bernauer (Treasurer/Sec)	$10,000	$0
Crystal Bernauer (President)	$10,000	$0

990-PF

Filed on Nov. 12, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$33,842

Expenses

$54,726

Net Income

-$20,884

Net Assets

$186,760

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,000	59.1%
Interest Revenue	$474	1.4%
Dividends	$4,584	13.5%
Sales of Assets	$8,784	26.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$40,900	74.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$186,760
Total Liabilities	$0
Net Assets	$186,760

Compensation

Key Employees and Officers	Compensation	Other
Crystal Bernauer (President)	$20,900	$0
Donovan Bernauer (Treasurer/Sec)	$20,000	$0

990-PF

Filed on May 8, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$514

Expenses

$105,296

Net Income

-$104,782

Net Assets

$191,401

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$79	15.4%
Dividends	$6,214	> 100%
Sales of Assets	-$5,867
Other Income	$88	17.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$22,000	20.9%
Compensation of Officers*	$78,000	74.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$191,401
Total Liabilities	$0
Net Assets	$191,401

Compensation

Key Employees and Officers	Compensation	Other
Donovan Bernauer (Treasurer)	$26,000	$0
Crystal Bernauer (President)	$26,000	$0
Katharine Kraus (Secretary)	$26,000	$0

990-PF

Filed on May 30, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$10,979

Expenses

$5,960

Net Income

$5,019

Net Assets

$361,138

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$6,937	63.2%
Sales of Assets	$4,041	36.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$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	$361,138
Total Liabilities	$0
Net Assets	$361,138

Compensation

Key Employees and Officers	Compensation	Other
Donovan Bernauer (Secretary)	$0	$0
Crystal Bernauer (President)	$0	$0

990-PF

Filed on Oct. 24, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$15,468

Expenses

$15,434

Net Income

$34

Net Assets

$326,240

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$53	0.3%
Dividends	$7,150	46.2%
Sales of Assets	$8,265	53.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,000	64.8%
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	$326,241
Total Liabilities	$1
Net Assets	$326,240

Compensation

Key Employees and Officers	Compensation	Other
Donovan Bernauer (Secretary)	$0	$0
Crystal Bernauer (President)	$0	$0

990-PF

Filed on Oct. 27, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$16,838

Expenses

$19,950

Net Income

-$3,112

Net Assets

$305,796

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$8,325	49.4%
Sales of Assets	$8,513	50.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,000	50.1%
Compensation of Officers*	$5,000	25.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$305,797
Total Liabilities	$1
Net Assets	$305,796

Compensation

Key Employees and Officers	Compensation	Other
Donovan Bernauer (Secretary)	$2,500	$0
Crystal Bernauer (President)	$2,500	$0

990-PF

Filed on Nov. 12, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$14,799

Expenses

$7,825

Net Income

$6,974

Net Assets

$255,807

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$8,068	54.5%
Other Income	$6,731	45.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$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	$255,807
Total Liabilities	$0
Net Assets	$255,807

Compensation

Key Employees and Officers	Compensation	Other
Donovan Bernauer (Secretary)	$0	$0
Crystal Bernauer (President)	$0	$0
Donovan Bernauer (Trustee)	$0	$0
Crystal Bernauer (Trustee)	$0	$0

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990-PF

Filed on May 7, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$50,185

Expenses

$119,477

Net Income

-$69,292

Net Assets

$248,833

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$8,535	17.0%
Sales of Assets	$41,650	83.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$79,390	66.4%
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	$248,833
Total Liabilities	$0
Net Assets	$248,833

Compensation

Key Employees and Officers	Compensation	Other
Donovan Bernauer (Secretary)	$0	$0
Crystal Bernauer (President)	$0	$0
Donovan Bernauer (Trustee)	$0	$0
Crystal Bernauer (Trustee)	$0	$0

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990-PF

Filed on May 16, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$23,700

Expenses

$53,440

Net Income

-$29,740

Net Assets

$318,125

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$16	0.1%
Dividends	$8,944	37.7%
Sales of Assets	$14,740	62.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$46,500	87.0%
Compensation of Officers*	$15,000	28.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$318,125
Total Liabilities	$0
Net Assets	$318,125

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Bernauer (Pres. & Trustee (Thru 12/2016))	$5,000	$0
Donald Breese (Vp & Trustee (Thru 12/2016))	$5,000	$0
Lauren W Breese (Secy/Treas/Trustee Thru 12/16)	$5,000	$0
Donovan Bernauer (Secretary, Treasurer & Trustee)	$0	$0
Crystal Bernauer (President & Trustee)	$0	$0

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990-PF

Filed on July 27, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$41,863

Expenses

$155,725

Net Income

-$113,862

Net Assets

$347,865

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$271	0.6%
Dividends	$14,304	34.2%
Sales of Assets	$27,092	64.7%
Other Income	$196	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$144,565	92.8%
Compensation of Officers*	$15,000	9.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$347,865
Total Liabilities	$0
Net Assets	$347,865

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Bernauer (President & Trustee)	$5,000	$0
Donald Breese (Vp & Trustee)	$5,000	$0
Lauren W Breese (Secretary, Treasurer & Trustee)	$5,000	$0

990-PF

Filed on Nov. 3, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$55,802

Expenses

$191,461

Net Income

-$135,659

Net Assets

$461,727

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$576	1.0%
Dividends	$19,318	34.6%
Sales of Assets	$34,745	62.3%
Other Income	$1,163	2.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$179,195	93.6%
Compensation of Officers*	$21,000	11.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$461,727
Total Liabilities	$0
Net Assets	$461,727

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Bernauer (President & Trustee)	$7,000	$0
Donald Breese (Vp & Trustee)	$7,000	$0
Lauren W Breese (Secretary, Treasurer & Trustee)	$7,000	$0

990-PF

Filed on Aug. 10, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$63,037

Expenses

$107,042

Net Income

-$44,005

Net Assets

$597,386

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$620	1.0%
Dividends	$18,983	30.1%
Sales of Assets	$42,407	67.3%
Other Income	$1,027	1.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$89,502	83.6%
Compensation of Officers*	$21,000	19.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$597,386
Total Liabilities	$0
Net Assets	$597,386

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$51,904

Expenses

$167,383

Net Income

-$115,479

Net Assets

$641,208

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$46	0.1%
Dividends	$23,963	46.2%
Sales of Assets	$27,664	53.3%
Other Income	$231	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$152,194	90.9%
Compensation of Officers*	$22,500	13.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$641,208
Total Liabilities	$0
Net Assets	$641,208

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$48,839

Expenses

$76,541

Net Income

-$27,702

Net Assets

$756,687

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17	0.0%
Dividends	$23,219	47.5%
Sales of Assets	$25,270	51.7%
Other Income	$333	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$63,038	82.4%
Compensation of Officers*	$30,000	39.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$756,687
Total Liabilities	$0
Net Assets	$756,687

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Phillips Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $5.57k (2024)

Expenses $23.8k (2024)

Total Assets $183k (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

Document Links

990-PF

Revenue

$5.57k (2024)

Expenses

$23.8k (2024)

Total Assets

$183k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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Fiscal Year Ending Dec.
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2013

Fiscal Year Ending Dec.
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2011

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