Nonprofit · EIN 27-4196509
JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA
Tax-exempt · MINNEAPOLIS, MN 55402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,849,527 | $4,179,922 | -$330,395 | $62,285,666 | $2,820,227 | $59,465,439 |
| December 31, 2023 | 990-PF | $3,065,026 | $4,599,015 | -$1,533,989 | $62,635,549 | $2,839,715 | $59,795,834 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $1,747,575
- Net gain from sales of assets
- $1,794,068
- Other income
- $307,884
Expenses
- Grants and similar amounts paid
- $2,573,487
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $3,603,851
- Excise tax on investment income
- $45,465
Balance sheet and other
- Total assets, start of year
- $62,635,549
- Total assets, end of year
- $62,285,666
- Total liabilities, end of year
- $2,820,227
- Net assets, end of year
- $59,465,439
- Fair market value of assets
- $68,759,216
- Qualifying distributions
- $3,603,851
- Net investment income
- $3,844,527
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 |
|---|---|---|---|
| RT RYBAK 80 SOUTH 8TH ST SUITE 800, MINNEAPOLIS, MN 55402 | PRESIDENT | 2 | $0 |
| TYLER PHILLIPS 80 SOUTH 8TH ST SUITE 800, MINNEAPOLIS, MN 55402 | TREASURER | 2 | $0 |
| DEAN PHILLIPS 80 SOUTH 8TH ST SUITE 800, MINNEAPOLIS, MN 55402 | CO-CHAIR | 2 | $0 |
| JEANNE PHILLIPS 80 SOUTH 8TH ST SUITE 800, MINNEAPOLIS, MN 55402 | CO-CHAIR | 2 | $0 |
| HUTTON PHILLIPS 80 SOUTH 8TH ST SUITE 800, MINNEAPOLIS, MN 55402 | BOARD MEMBER | 2 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RT RYBAK 80 SOUTH 8TH ST SUITE 800, MINNEAPOLIS, MN 55402 | PRESIDENT | 2 | $0 |
| TYLER PHILLIPS 80 SOUTH 8TH ST SUITE 800, MINNEAPOLIS, MN 55402 | TREASURER | 2 | $0 |
| DEAN PHILLIPS 80 SOUTH 8TH ST SUITE 800, MINNEAPOLIS, MN 55402 | CO-CHAIR | 2 | $0 |
| JEANNE PHILLIPS 80 SOUTH 8TH ST SUITE 800, MINNEAPOLIS, MN 55402 | CO-CHAIR | 2 | $0 |
| HUTTON PHILLIPS 80 SOUTH 8TH ST SUITE 800, MINNEAPOLIS, MN 55402 | BOARD MEMBER | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 800 IDS CENTER 80 S 8TH STREET, MINNEAPOLIS, MN 55402-0000
- In care of
- % PATRICK TROSKA
- Signed the 990-PF
- RT RYBAK, PRESIDENT
- Phone
- (612) 672-3878
- Website
- WWW.PHILLIPSFAMILYMN.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
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
- 27-4196509
- 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
- 2011
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T90)
- Assets (IRS master file)
- $62,285,666
- Income (IRS master file)
- $8,601,505
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,849,527 | $4,179,922 | $62,285,666 | XML |
| 990-PF | December 2023 | $3,065,026 | $4,599,015 | $62,635,549 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 27-4196509).
Questions about JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA
- What is the EIN of JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA?
- The employer identification number (EIN) of JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA is 27-4196509.
- Is JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA 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 JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA 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 JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,849,527, expenses of $4,179,922 and total assets of $62,285,666 at year end.
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