Program areas at The Jay and Rose Phillips Family Foundation of Minnesota
The Foundation formed The 927 building, llc to renovate a commercial building located at 927 west broadway in north minneapolis (The "llc"). Following are The goals for The llc The llc that guide The llc's project development:a. Achieving community and economic development that lead to local ownership.b. Purposefully investing in The north minneapolis community through a catlytic redevelopment of an existing but neglected property.c. Providing employment, resources and creative and community space for The people that live in The north minneapolis community.d. Bringing new retail to The north minneapolis community.the llc is a functionally related business as defined in section 4942 of The internal revenue code for The Foundation because The project directly furthers The Foundation's mission. Because it is a functionally related business, The Foundation's ownership in The llc is not an excess business holding within The meaning of section 4943 of The internal revenue code.
The Jay & Rose Phillips Family Foundation of Minnesota operates a revitalized building in minneapolis. The historic building rennovation now has over 19,000 square feet of retail and office space. This project took an old run down building and turned it back into a lively place that benefits The neighborhood and The city of minneapolis. This project falls in line with The Foundation's mission to help revitalize and strengthen northern minneapolis.
Grants made by The Jay and Rose Phillips Family Foundation of Minnesota
Personnel at The Jay and Rose Phillips Family Foundation of Minnesota
| Name | Title | Compensation | Date of data |
|---|
| Jean Adams | Chief Operating Officer | | 2021-06-18 |
| Patrick Troska | Former President / President / Executive Director | $84,890 | 2022-12-31 |
| Elizabeth Coco | Program Director , Ec / Vist Program Manager / Vista Program Manager | $62,135 | 2021-12-31 |
| Joel Luedtke | Former Program Director / Senior Program Director / Program Director / Senior , Program 0 SR Program / Senior Program Officer | $55,067 | 2022-12-31 |
| Tracy Lamparty | Director of Administ / Grants and Operations Manager | $68,591 | 2021-12-31 |
Financials for The Jay and Rose Phillips Family Foundation of Minnesota
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Investment income and dividends | $1,590,769 | $2,475,053 | -35.7% |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $1,193,279 | $3,622,533 | -67.1% |
| Gross sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $47,161 | $0 | 999% |
| Total revenues | $2,831,209 | $6,097,586 | -53.6% |
Organizations like The Jay and Rose Phillips Family Foundation of Minnesota
| Organization | Type | Location | Revenue |
|---|
| HTR Foundation | 501(c)(3) | St Petersburg, FL | $1,383,969 |
| Garbett Family Foundation | 501(c)(3) | Salt Lake City, UT | $1,252,813 |
| W Miller Richardson Trust | 501(c)(3) | Grundy, VA | $1,137,943 |
| Mark Torrance Foundation | 501(c)(3) | Seattle, WA | $1,669,419 |
| The Laurance S Rockefeller Fund | 501(c)(3) | Wilmington, DE | $2,561,539 |
| T Ulatowski Family Foundation | 501(c)(3) | Wilmington, DE | $1,014,610 |
| The Shadek Family Foundation XXXXX5001 | 501(c)(3) | Chicago, IL | $1,423,338 |
| Mark C Lemons Foundation | 501(c)(3) | Santa Monica, CA | $724,862 |
| Alverin M Cornell Foundation | 501(c)(3) | Northbrook, IL | $727,148 |
| Greystone Foundation | 501(c)(3) | Minneapolis, MN | $939,418 |
Data update history
January 12, 2024
Posted financials
Added Form 990PF for fiscal year 2022
December 29, 2023
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 6, 2023
Updated personnel
Identified 1 new personnel
June 4, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donations
General information
- Address
- 800 Ids St 80 S 8th
- Minneapolis, MN 55402
- Metro area
- Minneapolis-St. Paul-Bloomington, MN-WI
- Website URL
- phillipsfamilymn.org/Â
- Phone
- (612) 672-3878
IRS details
- EIN
- 27-4196509
- Fiscal year end
- December
- Taxreturn type
- Form 990-PF
- Year formed
- 2011
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- T20: Private Foundations
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
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