Gary And Joan Phillips Foundation
EIN: 832947429 · Bridgeport, NE · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $4K |
| Net Assets | $229K |
Is Gary And Joan Phillips Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gary And Joan Phillips Foundation
Gary And Joan Phillips Foundation (EIN: 832947429) is a nonprofit organization based in Bridgeport, NE, classified under NTEE code X20. The organization reported total revenue of $1 and total assets of $105K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gary And Joan Phillips Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gary And Joan Phillips Foundation is a micro nonprofit that has been operating for 6 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 175.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $230K |
| Total Expenses | $4K |
| Surplus / Deficit | +$227K |
| Total Assets | $229K |
| Total Liabilities | $1 |
| Net Assets | $229K |
| Operating Margin | 98.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 783.6 months |
Financial Health Grade: A
In 2023, Gary And Joan Phillips Foundation reported a surplus of $227K with revenue exceeding expenses, holds 783.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Gary And Joan Phillips Foundation's revenue has grown at a compound annual growth rate (CAGR) of 175.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11400.2% | +180.0% | +11049.0% |
| 2022 | -99.4% | -99.6% | +57.7% |
| 2021 | +308.8% | +343.6% | -82.0% |
| 2020 | +1900.0% | +377.5% | +216.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gary And Joan Phillips Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gary And Joan Phillips Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $227K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Gary And Joan Phillips Foundation
Is Gary And Joan Phillips Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Gary And Joan Phillips Foundation (EIN: 832947429) insufficient data. 0 red flags identified, 0 strengths noted.
How does Gary And Joan Phillips Foundation spend its money?
Detailed spending breakdown data is not yet available for Gary And Joan Phillips Foundation. Check back for updated IRS 990 analysis.
Are donations to Gary And Joan Phillips Foundation tax-deductible?
Gary And Joan Phillips Foundation is registered as a tax-exempt nonprofit (EIN: 832947429). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gary And Joan Phillips Foundation located?
Gary And Joan Phillips Foundation is headquartered in Bridgeport, Nebraska and files with the IRS under EIN 832947429. It is classified under NTEE code X20.
How many years of IRS 990 filings does Gary And Joan Phillips Foundation have?
Gary And Joan Phillips Foundation has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1 in total revenue.
Filing History
IRS 990 filing history for Gary And Joan Phillips Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Gary And Joan Phillips Foundation's revenue has grown by 5650.1%, moving from $4K to $230K. Total assets increased by 9906.7% over the same period, from $2K to $229K. Total functional expenses fell by 77.7%, from $16K to $4K. In its most recent filing year (2023), Gary And Joan Phillips Foundation reported a surplus of $227K, with revenue exceeding expenses. The organization holds $1 in liabilities against $229K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $229K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $230K | $4K | $229K | $1 | — | — |
| 2022 | $2K | $1K | $2K | $1 | — | — |
| 2021 | $327K | $333K | $1K | $1 | — | — |
| 2020 | $80K | $75K | $7K | $1 | — | View 990 |
| 2019 | $4K | $16K | $2K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $230K, expenses of $4K, and assets of $229K (revenue +11400.2% year-over-year).
- 2022: Revenue of $2K, expenses of $1K, and assets of $2K (revenue -99.4% year-over-year).
- 2021: Revenue of $327K, expenses of $333K, and assets of $1K (revenue +308.8% year-over-year).
- 2020: Revenue of $80K, expenses of $75K, and assets of $7K (revenue +1900.0% year-over-year).
- 2019: Revenue of $4K, expenses of $16K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gary And Joan Phillips Foundation:
Data Sources and Methodology
This transparency report for Gary And Joan Phillips Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.