501(c)(3) charity; gifts are tax-deductible.
$21K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2025 · Form 990-PFIndependent: 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-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $139K a year · 59% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
990-PF Pt I · 6 filings
Pay to officers and key staff
$21K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
990-PF Pt VIII
12 mo
of spending, in cash
Looks good: 12.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$300K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$226K
-47% vs prior year
Spent
$388K
Net assets
$3.2M
By yearFY2020–FY2025
Revenue
$226K
FY2025▼ -47%
Tap a bar for its year
Revenue by fiscal year
FY2020$188K
FY2021$180K
FY2022$156K
FY2023$239K
FY2024$430K
FY2025$226K
Expenses
$388K
FY2025▼ -0.5%
Tap a bar for its year
Expenses by fiscal year
FY2020$369K
FY2021$394K
FY2022$349K
FY2023$365K
FY2024$390K
FY2025$388K
Net assets
$3.2M
FY2025▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.9M
FY2021$3.7M
FY2022$3.5M
FY2023$3.3M
FY2024$3.4M
FY2025$3.2M

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1989.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 77% · $300K Operating & administrative 23% · $88K

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

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Who runs it and what they're paid

5 people listed on the 990-PF; $21K paid to officers and key staff.

Part VII, Section A · reportable compensation
Administrator and Trustee
$21,248Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2021
Catherine L Hekimian$21,248$26,863$19,823

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Phase Foundation executive salaries →

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Programs and updates

A private foundation based in Germantown, MD.

Questions for The Phase Foundation

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 40 grants · $300K · 2025–2025
Wilmer Eye Institute (fund for Johns Hopkins Med)FY2025$150,000
Individual RecipientFY2025$13,000
Armenia School FoundationFY2025$8,000
Project Animal AidFY2025$8,000
Second Chance Wildlife CenterFY2025$8,000
Individual RecipientFY2025$8,000
Partner for SurgeryFY2025$8,000
Salvation Army National Capital AreaFY2025$5,000
Individual RecipientFY2025$5,000
Hillsdale CollegeFY2025$5,000
Individual RecipientFY2025$5,000
Eastern Shore Chapel (chapel Pantry)FY2025$5,000
Woodworkers for Children CharityFY2025$5,000
University of the CumberlandsFY2025$5,000
Big Life Foundation USAFY2025$5,000
Individual RecipientFY2025$4,000
Society of St AndrewFY2025$3,000
Rx PartnershipFY2025$3,000
See all 40 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$8K
Median grantPart XV$3K
Largest grantPart XV$150K

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$226K
Investment income$226K
Money out
$388K
Grants paid$300K
Running costs$88K
Owns and owes
$3.2M
net assets
Cash and savings$391K
Total assets$3.5M
Liabilities$300K
People
5
listed
Paid1
2In more detail
Revenue in detail
Investment income$226K
Total revenue$226K
Assets in detailEnd of year
Cash and savings together$391K
Total assets$3.5M
Liabilities$300K
Net assets$3.2M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $226K$388K−$162K$3.2M 990 PDF
FY2024 $430K$390K$40K$3.4M 990 PDF
FY2023 $239K$365K−$126K$3.3M 990 PDF
FY2022 $156K$349K−$193K$3.5M 990 PDF
FY2021 $180K$394K−$214K$3.7M 990 PDF
FY2020 $188K$369K−$181K$3.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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