Nonprofit · EIN 04-6650414
L DONALD AND DOROTHY G PHILLIPS FOUNDATION
Tax-exempt · NEWBURYPORT, MA 01950
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $45,171 | $36,079 | $9,092 | $674,763 | $0 | $674,763 |
| December 31, 2023 | 990-PF | $45,754 | $28,611 | $17,143 | $666,215 | $0 | $666,215 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $23,325
- Interest
- $3,237
- Net gain from sales of assets
- $18,609
Expenses
- Grants and similar amounts paid
- $26,817
- Compensation of officers, directors and key employees
- $8,043
- Disbursements for charitable purposes
- $35,153
- Excise tax on investment income
- $615
Balance sheet and other
- Total assets, start of year
- $666,215
- Total assets, end of year
- $674,763
- Total liabilities, end of year
- $0
- Net assets, end of year
- $674,763
- Fair market value of assets
- $786,024
- Qualifying distributions
- $35,153
- Net investment income
- $45,171
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAMBRIDGE TRUST 605 BROADWAY, SAUGUS, MA 01906 | TRUSTEE | 0 | $8,043 |
| JAMES CONNOLLY GREEN STREET, NEWBURYPORT, MA 01950 | TRUSTEE | 0 | $0 |
| JEREMIAH LEWIS 12 MARKET ST, IPSWICH, MA 01938 | TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EASTERN BANK MANAGEMENT 265 FRANKLIN STREET, BOSTON, MA 02110 | TRUSTEE | 0 | $7,820 |
| JAMES CONNOLLY GREEN STREET, NEWBURYPORT, MA 01950 | TRUSTEE | 0 | $0 |
| JEREMIAH LEWIS 12 MARKET ST, IPSWICH, MA 01938 | TRUSTEE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 51 STATE ST, NEWBURYPORT, MA 01950-6612
- In care of
- % EASTERN BANK
- Signed the 990-PF
- JAMES CONNOLLY, TRUSTEE
- Return prepared by
- JEFFREY C KIRPAS & CO PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 04-6650414
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $674,763
- Income (IRS master file)
- $445,138
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $45,171 | $36,079 | $674,763 | IRS |
| 990-PF | December 2023 | $45,754 | $28,611 | $666,215 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-6650414).
Questions about L DONALD AND DOROTHY G PHILLIPS FOUNDATION
- What is the EIN of L DONALD AND DOROTHY G PHILLIPS FOUNDATION?
- The employer identification number (EIN) of L DONALD AND DOROTHY G PHILLIPS FOUNDATION is 04-6650414.
- Is L DONALD AND DOROTHY G PHILLIPS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to L DONALD AND DOROTHY G PHILLIPS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does L DONALD AND DOROTHY G PHILLIPS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of L DONALD AND DOROTHY G PHILLIPS FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did L DONALD AND DOROTHY G PHILLIPS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of L DONALD AND DOROTHY G PHILLIPS FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $8,043 (CAMBRIDGE TRUST, TRUSTEE).
- How much revenue does L DONALD AND DOROTHY G PHILLIPS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $45,171, expenses of $36,079 and total assets of $674,763 at year end.
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