Phillips-Strickland Charities FY2020 filing

Tax-deductible

Bangor, ME501(c)(3)Since 1998Foundations & GrantmakersEIN 01-0523156

Organized to benefit and further the exempt purposes of phillips-strickland house corporation, a maine nonprofit corporation exempt from federal income tax under section 501(c)(3) of the internal revenue code.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $22K a year · 5% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $60K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$314K
Spent
$348K
To programs
95%
Net assets
$4.7M
By yearFY2020–FY2025
Revenue
$314K
FY2020
Revenue by fiscal year
FY2020$314K
FY2021$600K
FY2022$486K
FY2023$246K
FY2024$342K
FY2025$533K
Expenses
$348K
FY2020
Expenses by fiscal year
FY2020$348K
FY2021$228K
FY2022$288K
FY2023$503K
FY2024$477K
FY2025$812K
Net assets
$4.7M
FY2020
Net assets by fiscal year
FY2020$4.7M
FY2021$5.4M
FY2022$4.5M
FY2023$4.6M
FY2024$4.6M
FY2025$4.4M

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $330K Management & general 5% · $18K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Phillips-Strickland Charities executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Phillips-Strickland House Corporation's mission and exempt purposes.

Provided by the organization

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1 program service account for $330K of program spending, described in the organization's own filed words · FY2020.
01

Distributions to phillips-strickland house to further its nonprofit mission - senior citizen housing.

$330Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$60K
Grants paid · 6 grants · $2.6M · 2020–2025

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$314K
Ln 12
Investment incomeLn 3$292K
Gifts and grantsLn 1h$22K
Money outPt IX
$348K
Ln 25
Programscol B$330K
Managementcol C$18K
Owns and owesPt X
$4.7M
net assets · Ln 32
Cash and savingsLn 1–2$64K
Total assetsLn 16$4.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$22K
Fundraising eventsLn 1c$500
Investment incomeLn 3$292K
Gains on assetsLn 7$214K
Total revenueLn 12$314K
Assets in detailPt X, end of year
CashLn 1$64K
Cash and savings togetherLn 1–2$64K
InvestmentsLn 11–13$4.7M
Total assetsLn 16$4.7M
LiabilitiesLn 26$0
Net assetsLn 32$4.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$75K$64K
InvestmentsLn 11–13$4.5M$4.7M
Total assetsLn 16$4.6M$4.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$4.6M$4.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$330K$330K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$15K$15K
Other expenses (24a–d)Ln 24$35$35
Total functional expensesLn 25$348K$330K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $533K$812K−$279K$4.4M 990 PDF
FY2024 $342K$477K−$135K$4.6M 990 PDF
FY2023 $246K$503K−$256K$4.6M 990 PDF
FY2022 $486K$288K$198K$4.5M 990 PDF
FY2021 $600K$228K$372K$5.4M 990 PDF
FY2020 Viewing $314K$348K−$33K$4.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $314,196 across 7 lines filed
VIII-1c Fundraising events$500
VIII-1f All other contributions, gifts and grants$21,659
VIII-1h Total contributions, gifts and grants$22,159
VIII-3 Investment incomeExcluded from tax $78,456$78,456
VIII-7 Net gain or loss on sales of assetsExcluded from tax $213,581$213,581
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $292,037$314,196
Part IX · Statement of functional expenses $347,519 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $330,000$330,000
IX-11c Accounting feesManagement $2,500$2,500
IX-11f Investment management feesManagement $14,984$14,984
IX-24 Other expenses (24a–d)Management $35$35
IX-25 Total functional expensesPrograms $330,000 · Management $17,519 · Fundraising $0$347,519
Part X · Balance sheet $4,748,616 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $75,266$64,424
X-3 Pledges and grants receivable$500
X-11 Publicly traded securitiesStart of year $4,494,777$4,683,692
X-16 Total assetsStart of year $4,570,043$4,748,616
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$114,154
X-28 Net assets with donor restrictionsStart of year $4,570,043$4,634,462
X-32 Total net assets or fund balancesStart of year $4,570,043$4,748,616
X-33 Total liabilities and net assetsStart of year $4,570,043$4,748,616
Part XI · Reconciliation of net assets $4,748,616 net assets at year end
XI-1 Total revenue$314,196
XI-2 Total expenses$347,519
XI-3 Revenue less expenses−$33,323
XI-4 Net assets at start of year$4,570,043
XI-5 Net unrealized gains (losses) on investments$211,896
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,748,616

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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