Phase Two Cebu is a private foundation focused on Housing & Shelter, based in CAMBRIDGE, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $139K in total assets. In 2024, it awarded 1 grants totaling $80K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$139K
+13.6% YoY
Annual Giving
$80K
-53.7% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$80K
-53.7% YoY
Under IRS private-foundation payout rules, Phase Two Cebu reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
About Phase Two Cebu
Based on IRS filings
Phase Two Cebu is a private foundation focused on Housing & Shelter, based in CAMBRIDGE, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $139K in total assets. In 2024, it awarded 1 grants totaling $80K.
Focus Areas
Ready to take the next step with Phase Two Cebu?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $139,191 | $122,576 | $180,761 |
| Revenue | $175,691 | $145,562 | $127,226 |
| Expenses | $159,076 | $203,747 | $125,061 |
| Qualifying Distributions | $157,138 | $202,087 | $111,593 |
| Net Investment Income | — | — | — |
| Distributable Amount | $7,249 | $6,037 | $8,849 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Phase Two Debu Group Inc ($80,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Phase Two Debu Group Inc | Assist in Construction of low Cost Housing | $80,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Paul H Reasoner | President | 15 | — |
| Shari Reasoner | Vice President | 15 | — |
| Ruth Lunde | Treasurer | 5 | — |
| Michelle Turner | Secretary | 5 | — |
| Roger D Madison | Chairman | 5 | — |
| Joel Reasoner | Executive Director | 40 | $36,050 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Phase Two Cebu?
Phase Two Cebu is a private foundation focused on Housing & Shelter, based in CAMBRIDGE, MN. It holds $139K in total assets as of 2024.
How large is Phase Two Cebu?
As of 2024, Phase Two Cebu holds $139K in total assets with $176K in annual revenue. It awarded 1 grants totaling $80K in 2024.
Where does Phase Two Cebu operate?
Phase Two Cebu has awarded grants in California, Illinois, Minnesota, New York, Oklahoma.
What size grants does Phase Two Cebu award?
In 2024, Phase Two Cebu awarded 1 grants totaling $80K — an average of about $80K per grant, based on its IRS Form 990 filings.
How much is Phase Two Cebu required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Phase Two Cebu reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Phase Two Cebu's EIN?
Phase Two Cebu's EIN (Employer Identification Number) is 84-1797339. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Phase Two Cebu's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
$410K
Litchfield Student Anglers Club
LITCHFIELD, MN
Assets
$738
Grants
0
Total Given
—
The Geyer Family Foundation
EDINA, MN
Assets
—
Grants
7
Total Given
$35K
Love 4 One Another Charities
CHANHASSEN, MN
Assets
$8.5M
Grants
1
Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
8
Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
2
Total Given
$942K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Phase Two Cebu on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Phase Two Cebu to a real strategy.