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KERMIT G PHILLIPS II CHARITABLE TR AKA PHILLIPS FOUNDATION

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Public IRS 990 nonprofit record

KERMIT G PHILLIPS II CHARITABLE TR AKA PHILLIPS FOUNDATION

EIN 04-6977585 · Fund Raising & Fund Distribution - Philanthropy, Voluntarism, and Grantmaking (T12)

What they do

KERMIT G PHILLIPS II CHARITABLE TR AKA PHILLIPS FOUNDATION

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$65.16spent for every $100 of revenueRevenue covered expenses this year.
$18.60in assets for every $1 spent this yearSome assets cannot be spent right away.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $167,410 for ERICA K SHIELDS (MANAGING DIRECTOR). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$5,142,964
Expenses$3,351,361
Annual surplus $1,791,603 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$5,142,964
Expenses$3,351,361
Assets$62,324,229
Income$1,131,861
Grants given$18,195,132
Average grant$239,410
Stocks and bonds$50,788,473
Accounting fees$75,175
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
ERICA K SHIELDSMANAGING DIRECTOR · 40 hrs/week $167,410
KATHERINE KNIGHTSR. DIR IMPACT INV · 25 hrs/week $95,028
LAUREN BALDWINDIR. STRATEGIC IN · 40 hrs/week $93,644
ELIZABETH CARLOCK PHILLIPSEXECUTIVE DIR. · 20 hrs/week $46,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (7)

ERICA K SHIELDSMANAGING DIRECTOR

KATHERINE KNIGHTSR. DIR IMPACT INV

LAUREN BALDWINDIR. STRATEGIC IN

ELIZABETH CARLOCK PHILLIPSEXECUTIVE DIR.

KAT PHILLIPSTRUSTEE

KEITH PHILLIPSTRUSTEE

KEVIN PHILLIPSTRUSTEE

About this charity

Recognized since
January 2002
Location
1400 BATTLEGROUND AVE STE 201, GREENSBORO, NC 27408
County
Guilford
In care of
KEVIN PHILLIPS
Primary officer
KEVIN PHILLIPS, Trustee

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990PF
Tax preparer
KAITLIN E KIRK
NTEE classification
Fund Raising & Fund Distribution - Philanthropy, Voluntarism, and Grantmaking (T12)
IRS tax category
Fund Raising & Fund Distribution
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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