Phil And Pat Willis Foundation
Phil And Pat Willis Foundation consistently grows assets with minimal expenses and no officer compensation.
EIN: 208604545 · Jackson, MI · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $181K |
| Total Expenses | $39K |
| Program Spending | 95% |
| Net Assets | $1.3M |
| Transparency Score | 92/100 |
Is Phil And Pat Willis Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phil And Pat Willis Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Phil And Pat Willis Foundation
Phil And Pat Willis Foundation (EIN: 208604545) is a nonprofit organization based in Jackson, MI, classified under NTEE code T20. The organization reported total revenue of $181K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phil And Pat Willis Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phil And Pat Willis Foundation is a small nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 25.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $361K |
| Total Expenses | $39K |
| Surplus / Deficit | +$323K |
| Total Assets | $1.3M |
| Total Liabilities | $1 |
| Net Assets | $1.3M |
| Operating Margin | 89.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 402.3 months |
Financial Health Grade: A
In 2023, Phil And Pat Willis Foundation reported a surplus of $323K with revenue exceeding expenses, holds 402.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Phil And Pat Willis Foundation's revenue has grown at a compound annual growth rate (CAGR) of 25.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.0% | -33.1% | +33.2% |
| 2022 | +43.7% | -34.7% | +36.9% |
| 2021 | +29.2% | -53.2% | +23.3% |
| 2020 | -38.7% | +294.0% | +48.1% |
| 2016 | -13.0% | +23.2% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Phil And Pat Willis Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Phil And Pat Willis Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $323K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Phil And Pat Willis Foundation reports 0% officer compensation across all available filing periods, indicating that no salaries are paid to its executives. This suggests a volunteer-led or very lean operational structure, maximizing funds available for its charitable purpose.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Phil And Pat Willis Foundation's IRS 990 filings:
- Lack of detailed program spending breakdown in summary data
Strengths
The following positive indicators were identified for Phil And Pat Willis Foundation:
- Exceptional financial efficiency with very low expenses relative to revenue (e.g., 202309 expenses were <11% of revenue)
- Consistent growth in assets, reaching $1,293,849 in 202309, indicating strong financial health
- No officer compensation reported across all filings, maximizing funds for mission
- Minimal liabilities in recent years, demonstrating financial stability
- Consistent IRS 990 filing history, indicating good transparency
Frequently Asked Questions about Phil And Pat Willis Foundation
Is Phil And Pat Willis Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Phil And Pat Willis Foundation (EIN: 208604545) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Phil And Pat Willis Foundation spend its money?
Phil And Pat Willis Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Phil And Pat Willis Foundation tax-deductible?
Phil And Pat Willis Foundation is registered as a tax-exempt nonprofit (EIN: 208604545). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Phil And Pat Willis Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Phil And Pat Willis Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Phil And Pat Willis Foundation located?
Phil And Pat Willis Foundation is headquartered in Jackson, Michigan and files with the IRS under EIN 208604545. It is classified under NTEE code T20.
How many years of IRS 990 filings does Phil And Pat Willis Foundation have?
Phil And Pat Willis Foundation has 9 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 $181K in total revenue.
How does the Phil And Pat Willis Foundation utilize its significant asset base?
As a private foundation (NTEE T20), it likely uses its assets to generate investment income and make grants to other charitable organizations, rather than direct program delivery. The consistent growth in assets, reaching $1,293,849 in 202309, suggests a strategy of building endowment for sustained philanthropic activity.
What is the primary reason for the foundation's consistently low expenses?
The consistently low expenses, such as $38,597 against $361,168 revenue in 202309, are primarily due to the absence of officer compensation and likely minimal operational overhead, typical for a private foundation focused on grantmaking rather than direct service provision.
Has the foundation ever reported significant liabilities?
Yes, in periods 201409 and 201309, the foundation reported liabilities of $400,000. However, in all other periods, liabilities were reported as $1, indicating that any significant debt was resolved.
Filing History
IRS 990 filing history for Phil And Pat Willis Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Phil And Pat Willis Foundation's revenue has grown by 1129.4%, moving from $29K to $361K. Total assets increased by 1256.4% over the same period, from $95K to $1.3M. Total functional expenses rose by 91797.6%, from $42 to $39K. In its most recent filing year (2023), Phil And Pat Willis Foundation reported a surplus of $323K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $361K | $39K | $1.3M | $1 | — | View 990 |
| 2022 | $320K | $58K | $971K | $1 | — | View 990 |
| 2021 | $222K | $88K | $709K | $1 | — | View 990 |
| 2020 | $172K | $189K | $576K | $1 | — | — |
| 2016 | $281K | $48K | $388K | $1 | — | View 990 |
| 2015 | $323K | $39K | $376K | $1 | — | View 990 |
| 2014 | $102K | $87K | $644K | $400K | — | View 990 |
| 2013 | $283K | $11K | $665K | $400K | — | View 990 |
| 2012 | $29K | $42 | $95K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $361K, expenses of $39K, and assets of $1.3M (revenue +13.0% year-over-year).
- 2022: Revenue of $320K, expenses of $58K, and assets of $971K (revenue +43.7% year-over-year).
- 2021: Revenue of $222K, expenses of $88K, and assets of $709K (revenue +29.2% year-over-year).
- 2020: Revenue of $172K, expenses of $189K, and assets of $576K (revenue -38.7% year-over-year).
- 2016: Revenue of $281K, expenses of $48K, and assets of $388K (revenue -13.0% year-over-year).
- 2015: Revenue of $323K, expenses of $39K, and assets of $376K (revenue +215.7% year-over-year).
- 2014: Revenue of $102K, expenses of $87K, and assets of $644K (revenue -63.9% year-over-year).
- 2013: Revenue of $283K, expenses of $11K, and assets of $665K (revenue +863.4% year-over-year).
- 2012: Revenue of $29K, expenses of $42, and assets of $95K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phil And Pat Willis Foundation:
Data Sources and Methodology
This transparency report for Phil And Pat Willis 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.