Mike & Jean Phillips Charitable Foundation in Houston, Texas (TX)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Texas
| Mike & Jean Phillips Charitable Foundation | |
| Employer Identification Number (EIN) | 760511489 |
| Name of Organization | Mike & Jean Phillips Charitable Foundation |
| In Care of Name | Mike Phillips |
| Address | 3200 Sw Frwy Ste 3400, Houston, TX 77027-7543 |
| Activities | Private school |
| Subsection | Charitable Organization |
| Ruling Date | 09/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $82,629 |
| Amount of Income | $95,215 |
| Form 990 Revenue Amount | $8,124 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Human Services - Multipurpose and Other (Not Elsewhere Classified) |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $18,913 | $4,445 | $4,445 | |
| Contributions, gifts, grants, etc., received | $250 | |||
| Interest on savings and temporary cash investments | $4,445 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $14,218 | |||
| Total expenses and disbursements | $22,371 | $0 | $0 | $21,210 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,161 | $0 | $0 | |
| Contributions, gifts, grants paid | $21,210 | |||
| Excess of revenue over expenses and disbursements | $-3,458 | |||
| Net investment income | $4,445 | |||
| Adjusted net income | $4,445 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $82,629 | $82,629 |
| Cash - non-interest-bearing | $132 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $82,497 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $82,629 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $14,218 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $44 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $44 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $91,817 |
| Net value of noncharitable-use assets | $90,440 |
| Minimum investment return | $4,522 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Other organizations in Texas | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Midtown Youth Inc | 304 E Church Ave, Killeen, TX 76541-4843 | TX | 1996-06 | $1,459,679 |
| 2 | Midway Band Backers | Po Box 2384, Hewitt, TX 76643 | TX | 2001-03 | $0 |
| 3 | Midway Family Planning Services Inc | 1500 Terrace Dr Apt 35, Brownwood, TX 76801-2045 | TX | 2001-05 | $139,637 |
| 4 | Midway Foundation | 800 Town Country Blvd Pvt No 200, Houston, TX 77024 | TX | 2004-05 | $511,290 |
| 5 | Midway Isd Education Foundation | 13885 Woodway Dr, Woodway, TX 76712-7621 | TX | 2000-04 | $303,653 |
| 6 | Midway Volunteer Fire Department | Po Box 555, Midway, TX 75852 | TX | 2006-09 | $0 |
| 7 | Midwestern State University Foundation Inc | 807 8th St Ste 500, Wichita Falls, TX 76301-3304 | TX | 1961-01 | $5,568,860 |
| 8 | Midyett Family Foundation | 2211 Sutton Pl, Richardson, TX 75080-2570 | TX | 1995-11 | $188 |
| 9 | Mighty Panther Band Boosters | 6080 S Hulen St Ste 360, Fort Worth, TX 76132-4810 | TX | 2007-12 | $102,617 |
| 10 | Migrant Clinicians Network Inc, Karen Mountain | 1001 Land Creek Cv, Austin, TX 78746-6827 | TX | 1994-03 | $2,405,526 |
| 11 | Mike & Jean Phillips Charitable Foundation | 3200 Sw Frwy Ste 3400, Houston, TX 77027-7543 | TX | 1996-09 | $95,215 |
| 12 | Mike & Mary Terry Family Foundation | 8111 Lbj Freeway Suite 1350, Dallas, TX 75251-1330 | TX | 2000-12 | $10,805,281 |
| 13 | Mike A Myers Foundation | 6310 Lemmon Ave Ste 200, Dallas, TX 75209-5729 | TX | 1982-09 | $806,514 |
| 14 | Mike And Dian Hutchinson Family Foundation | PO BOX 1131, Dripping Spgs, TX 78620-1131 | TX | 2001-11 | $133,775 |
| 15 | Mike And Leslie Lowrey Foundation | 206 Teakwood St, Lake Jackson, TX 77566-3214 | TX | 2006-11 | $1,729,112 |
| 16 | Mike And Myrtle Michael Charitable Trust | PO BOX 41629, Austin, TX 78704-0028 | TX | 1999-09 | $43,623 |
| 17 | Mike Arnold Ministries | 1841 Tejas Trail, Blanco, TX 78606 | TX | 2005-01 | $3,530 |
| 18 | Mike Barber Ministries Inc | PO BOX 1086, Desoto, TX 75123-1086 | TX | 1987-10 | $1,648,880 |
| 19 | Mike Brown Minsitries | 4200 S Hulen St Ste 506, Fort Worth, TX 76109-4986 | TX | 2001-10 | $80,252 |
| 20 | Mike Guzzardo Ministries | 2704 Brunswick Cv, Trophy Club, TX 76262-3465 | TX | 2006-11 | $71,164 |
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