Civic Intelligence

Kermit G Phillips II Charitable Trust

990T • Fiscal year 2020 • EIN 04-6977585

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

Organization Profile

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PO Box 4034Greensboro, NC 27404

(336) 458-0806

Siviq Scores

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Balance Sheet

Assets

-

No earlier filing loaded for comparison.

Net Assets

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No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

-

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2011: $9,347,394Liabilities 2011: $02011Assets 2012: $9,370,850Liabilities 2012: $1,8862012Assets 2013: $55,907,880Liabilities 2013: $02013Assets 2014: $57,086,054Liabilities 2014: $02014Assets 2015: $57,676,285Liabilities 2015: $2,3952015Assets 2016: $54,750,895Liabilities 2016: $4,303Net Assets 2016: $54,746,5922016Assets 2017: $59,261,771Liabilities 2017: $6,219Net Assets 2017: $59,255,5522017Assets 2018: $55,225,070Liabilities 2018: $12,309Net Assets 2018: $55,212,7612018Assets 2019: $63,530,778Liabilities 2019: $18,118Net Assets 2019: $63,512,6602019Assets 2020: $63,114,572Liabilities 2020: $3,219,165Net Assets 2020: $59,895,4072020Assets 2021: $71,515,607Liabilities 2021: $33,535Net Assets 2021: $71,482,0722021Assets 2022: $58,854,090Liabilities 2022: $7,628Net Assets 2022: $58,846,4622022Assets 2023: $49,620,486Liabilities 2023: $4,104,034Net Assets 2023: $45,516,4522023Assets 2024: $49,875,275Liabilities 2024: $3,151,662Net Assets 2024: $46,723,6132024

Latest loaded filing

2024

Assets$49,875,275
Liabilities$3,151,662
Net Assets$46,723,613
Open 2024 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MRevenue 2011: $244,712Expenses 2011: $360,767Net Income 2011: -$116,0552011Revenue 2012: $456,219Expenses 2012: $434,649Net Income 2012: $21,5702012Revenue 2013: $47,448,468Expenses 2013: $894,849Net Income 2013: $46,553,6192013Revenue 2014: $4,302,407Expenses 2014: $3,124,233Net Income 2014: $1,178,1742014Revenue 2015: $2,427,478Expenses 2015: $3,594,638Net Income 2015: -$1,167,1602015Revenue 2016: $453,170Expenses 2016: $5,258,926Net Income 2016: -$4,805,7562016Revenue 2017: $4,022,167Expenses 2017: $2,438,737Net Income 2017: $1,583,4302017Revenue 2018: $4,649,457Expenses 2018: $2,575,093Net Income 2018: $2,074,3642018Revenue 2019: $2,744,722Expenses 2019: $2,774,174Net Income 2019: -$29,4522019Revenue 2020: -$1,574,144Expenses 2020: $3,665,638Net Income 2020: -$5,239,7822020Revenue 2021: $5,235,464Expenses 2021: $3,285,607Net Income 2021: $1,949,8572021Revenue 2022: $2,043,327Expenses 2022: $3,409,362Net Income 2022: -$1,366,0352022Revenue 2023: $2,657,105Expenses 2023: $3,908,837Net Income 2023: -$1,251,7322023Revenue 2024: $5,142,964Expenses 2024: $3,351,361Net Income 2024: $1,791,6032024

Latest loaded filing

2024

Revenue$5,142,964
Expenses$3,351,361
Net Income$1,791,603
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v1.1
Filing and Contact Details

Filer

Filer Name
Kermit G Phillips Ii Charitable Trust
EIN
04-6977585
Phone
3364580806
Address
PO BOX 4034, GREENSBORO, NC 27404

Signing Officer

Name
Kevin Phillips
Title
Trustee and Chairman
Phone
3364580806
Signed
2021-11-11
Discuss with paid preparer
Yes

Preparer

Firm
Aprio Llp
Address
212 W MATTHEWS ST STE 102, MATTHEWS, NC 28105
Preparer
David D Fraser
Phone
7048411120
Raw XML Appendix142 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS1041ScheduleD/Form4797GainOrLossAmt04467027
IRS1041ScheduleD/NetLTCapitalGainOrLossAmt0-2980080
IRS1041ScheduleD/TotalCapitalGainOrLossGrp/NetLongTermGainOrLossGrp/TotalForYearAmt0-2980080
IRS1041ScheduleD/TotalCapitalGainOrLossGrp/TotalNetGainOrLossAmt0-2980080
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IRS1041ScheduleD/TotalLTCGL1099BNotReceivedGrp/TotalGainOrLossAmt0-7447107
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IRS8801/NetMinTaxLessDeductionsAmt0494298
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IRS8949/LongTermCapitalGainAndLossGrp/CapitalGainAndLossAssetGrp/ProceedsSalesPriceAmt00
IRS8949/LongTermCapitalGainAndLossGrp/CapitalGainAndLossAssetGrp/PropertyDesc0GENERAL GREENE LOSS ON LIQUIDATION
IRS8949/LongTermCapitalGainAndLossGrp/CapitalGainAndLossAssetGrp/SoldOrDisposedDt02020-12-31
IRS8949/LongTermCapitalGainAndLossGrp/TotalCostOrOtherBasisAmt07447107
IRS8949/LongTermCapitalGainAndLossGrp/TotalGainOrLossAmt0-7447107
IRS8949/LongTermCapitalGainAndLossGrp/TransactionsNotRptedOn1099BInd0X
IRS990T/BooksInCareOfDetail/PersonNm0APRIO LLP
IRS990T/BooksInCareOfDetail/PhoneNum07048411120
IRS990T/BooksInCareOfDetail/USAddress/AddressLine1Txt0212 W MATTHEWS ST STE 102
IRS990T/BooksInCareOfDetail/USAddress/CityNm0MATTHEWS
IRS990T/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990T/BooksInCareOfDetail/USAddress/ZIPCd028105
IRS990T/BookValueAssetsEOYAmt063114572
IRS990T/ChangeInMethodOfAccountingInd00
IRS990T/CharitableContributionsDedAmt00
IRS990T/EstimatedTaxPaymentsAmt021850
IRS990T/ForeignAccountsQuestionInd00
IRS990T/ForeignTrustQuestionInd00
IRS990T/Form990TScheduleAAttachedCnt01
IRS990T/Organization501cTrustInd0X
IRS990T/Organization501IndicatorGrp/Organization501cTypeTxt0c3
IRS990T/Organization501IndicatorGrp/Organization501Ind0X
IRS990T/OverpaymentSection/OverpaymentAmt055757
IRS990T/OverpaymentSection/RefundAmt055757
IRS990T/PaidTaxLiabilityAmt00
IRS990T/PriorYearOverpaymentCreditAmt033907
IRS990TScheduleA/NetOperatingLossDeductionAmt00
IRS990TScheduleA/PrincipalBusinessActivityCd0525990
IRS990TScheduleA/SequenceReferenceNum01
IRS990TScheduleA/SequenceTotalNum01
IRS990TScheduleA/TotalAllocableDeductionsAmt00
IRS990TScheduleA/TotalCtrlOrgDeductionAmt00
IRS990TScheduleA/TotalCtrlOrgPymtGrossIncmAmt00
IRS990TScheduleA/TotalDeductionsAmt00
IRS990TScheduleA/TotalDeductionSetAsidesAmt00
IRS990TScheduleA/TotalDirectAdvertisingCostAmt00
IRS990TScheduleA/TotalDividendsReceivedDedAmt00
IRS990TScheduleA/TotalGrossAdvertisingIncomeAmt00
IRS990TScheduleA/TotalGrossDebtFinancedIncmAmt00
IRS990TScheduleA/TotalInvestmentIncomeAmt00
IRS990TScheduleA/TotalRentDeductionsAmt00
IRS990TScheduleA/TotalRentIncomeAmt00
IRS990TScheduleA/TotalUnrelatedBusinessCompAmt00
IRS990TScheduleA/TotExcessReadershipCostsDedAmt00
IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt00
IRS990TScheduleA/TotUnrltTrdBusIncmAmt00
IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt00
IRS990TScheduleA/TradeOrBusinessDesc0INVESTMENT IN S CORP AND PARTNERSHIPS
IRS990TScheduleA/UBIBeforeNOLDedAmt00
IRS990T/SpecificDeductionAmt01000
IRS990T/SubsidiaryCorporationInd00
IRS990T/TaxableTrustAmt00
IRS990T/TaxLessCreditsAmt00
IRS990T/TaxRateScheduleInd0X
IRS990T/TotalDeductionAmt01000
IRS990T/TotalPaymentsAmt055757
IRS990T/TotalTaxAmt00
IRS990T/TotalTaxComputationAmt00
IRS990T/TotalUBTIAmt00
IRS990T/TotalUBTIComputedAmt00
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN PHILLIPS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE AND CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03364580806
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KERMIT G PHILLIPS II CHARITABLE TRUST
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0AKA PHILLIPS FOUNDATION
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ReturnHeader/Filer/EIN0046977585
ReturnHeader/Filer/PhoneNum03364580806
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MATTHEWS
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ReturnHeader/PreparerPersonGrp/PhoneNum07048411120
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-11
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ReturnHeader/ReturnTypeCd0990T
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KEVIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PHILLIPS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990TFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
-
Liabilities
-
Net assets
-
Revenue
-
Expenses
-
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$49.9$3.15$46.7$5.14$3.35$1.79
2023Detailed filing. Detailed filing data is available for this year.$49.6$4.10$45.5$2.66$3.91$1.25
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.9$0.01$58.8$2.04$3.41$1.37
2021Detailed filing. Detailed filing data is available for this year.$71.5$0.03$71.5$5.24$3.29$1.95
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$63.1$3.22$59.9$1.57$3.67$5.24
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.
2019Detailed filing. Detailed filing data is available for this year.$63.5$0.02$63.5$2.74$2.77$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.2$0.01$55.2$4.65$2.58$2.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.3$0.01$59.3$4.02$2.44$1.58
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$54.8$0.00$54.7$0.45$5.26$4.81
2015Summary only. Only limited summary data is available for this year.$57.7$0.00$2.43$3.59$1.17
2014Summary only. Only limited summary data is available for this year.$57.1$0.00$4.30$3.12$1.18
2013Summary only. Only limited summary data is available for this year.$55.9$0.00$47.4$0.89$46.6
2012Summary only. Only limited summary data is available for this year.$9.37$0.00$0.46$0.43$0.02
2011Summary only. Only limited summary data is available for this year.$9.35$0.00$0.24$0.36$0.12