Monica D Phillips Foundation Inc
Monica D Phillips Foundation Inc is a private foundation, based in Key Largo, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $259K in total assets. In 2025, it awarded 2 grants totaling $5K. Net investment income was $30K.
Monica D Phillips Foundation Inc at a glance
In short: Monica D Phillips Foundation Inc gave $5K across 2 grants in 2025 (avg $3K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $5,000
- -68.8% vs 2024
- Grants made (2025)
- 2
- -33.3% vs 2024
- Average grant
- $2,500
- -53.1% vs 2024
- Median grant
- $2,500
- Total assets
- $258,611
- +10.7% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Monica D Phillips Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Linville Foundation Inc ($3K). Together the top 2 received $5K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 13 grants of 13 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Monica D Phillips Foundation Inc gives
- Giving fell 69% from 2022 to 2025. Method
- In 2025 it paid out 26% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $1K (2023) to $51K (2021). In 2025 it made 2 grants totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Linville Foundation Inc Linville, NC | Scholarships | $2,500 |
| Linville Rescue Squad Newland, NC | Operational | $2,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $258,611 | $33,063 | $7,905 | $5,000 | 2 | $5,000 | $30,097 | $18,973 |
| 2024 | $233,664 | $17,536 | $18,661 | $16,000 | 3 | $16,000 | $14,994 | $18,103 |
| 2023 | $234,857 | $7,030 | $3,407 | $1,000 | 1 | $1,000 | $4,424 | — |
| 2022 | $231,372 | $11,778 | $18,131 | $16,290 | 3 | $16,290 | $9,937 | — |
| 2021 | $238,035 | $25,512 | $53,260 | $51,000 | 4 | $51,000 | $22,332 | — |
| 2020 | $266,669 | $295 | $29,320 | $27,000 | 4 | — | $6,952 | — |
| 2019 | $294,808 | $8,525 | $17,098 | $14,777 | 5 | — | $8,525 | $15,876 |
Under IRS private-foundation payout rules, Monica D Phillips Foundation Inc reported a distributable amount of $19K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Monica D Phillips Foundation Inc is led by Monica D. Phillips, President on every filing since 2019; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Monica D. Phillips
President
On filings since 2019
1 hr/week
No compensation reported
Rick P. Sanger
Director
On filings since 2019
1 hr/week
No compensation reported
Robert J. Sanger
Director
On filings since 2019
1 hr/week
No compensation reported
Randall S. Sanger
Treasurer
On filings since 2019
1 hr/week
No compensation reported
Renee S. Redman
Secretary
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Monica D Phillips Foundation Inc
How much does Monica D Phillips Foundation Inc give each year?
Monica D Phillips Foundation Inc gave $5K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $16K across 3 grants.
How large is Monica D Phillips Foundation Inc?
Monica D Phillips Foundation Inc reported $259K in total assets on its 2025 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $19K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Monica D Phillips Foundation Inc operate?
Monica D Phillips Foundation Inc has awarded grants in Florida, North Carolina, Wisconsin.
What is Monica D Phillips Foundation Inc's EIN?
Monica D Phillips Foundation Inc's EIN (Employer Identification Number) is 47-2543511. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 22, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 3, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 1, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 17, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 26, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 1, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 22, 2026)
- IRS filings on file for fiscal years 2019–2025
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