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Nonprofiteer
← DR PHILLIPS INC

Form 990 for tax year 2023

Filed by DR PHILLIPS INC.

Totals

Total revenue
$23,979,371
Total expenses
$13,292,791
Contributions and grants received
$0
Grants paid
$9,027,350
Program service revenue
$0
Investment income
$16,563,641
Other revenue
$7,415,730
Total assets, end of year
$231,492,900
Total liabilities, end of year
$4,069,490
Net assets or fund balances, end of year
$227,423,410
Program services expenses (Part IX)
$12,534,832
Management and general expenses
$757,959
Fundraising expenses
$0
Program service expenses (Part III)
$12,534,832

Program services were 94.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $3,244,680 · excluded $3,244,680

  • 6a · Gross rents

    real property $13,738,412

  • 6b · Less rental expenses

    real property $6,445,083

  • 6c · Rental income or loss

    real property $7,293,329

  • 6d · Net rental income or loss

    total $7,293,329 · excluded $7,293,329

  • 7a · Gross sales of assets other than inventory

    securities $41,226,329 · other assets $1,855,633

  • 7b · Less cost or other basis and sales expenses

    securities $29,660,662 · other assets $102,339

  • 7c · Gain or loss

    securities $11,565,667 · other assets $1,753,294

  • 7d · Net gain or loss

    total $13,318,961 · excluded $13,318,961

  • 11a · Other revenue: SALE OF BURIAL RIGHTS

    total $121,890 · unrelated business $121,890

  • 11b · Other revenue: OTHER INCOME

    total $511 · excluded $511

  • 11e · Other revenue, total

    $122,401

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,027,350 · program services $9,027,350

  • 5 · Compensation of officers, directors and key employees

    total $1,384,725 · program services $1,178,385 · management and general $206,340

  • 7 · Other salaries and wages

    total $1,095,892 · program services $921,901 · management and general $173,991

  • 8 · Pension plan contributions

    total $282,075 · program services $238,979 · management and general $43,096

  • 9 · Other employee benefits

    total $415,491 · program services $350,671 · management and general $64,820

  • 10 · Payroll taxes

    total $153,478 · program services $129,947 · management and general $23,531

  • 11b · Fees: legal

    total $27,904 · program services $23,626 · management and general $4,278

  • 11c · Fees: accounting

    total $51,735 · program services $43,803 · management and general $7,932

  • 11f · Fees: investment management

    total $15,895 · program services $13,458 · management and general $2,437

  • 12 · Advertising and promotion

    total $16,680 · program services $15,913 · management and general $767

  • 13 · Office expenses

    total $460,181 · program services $393,842 · management and general $66,339

  • 14 · Information technology

    total $98,130 · program services $83,085 · management and general $15,045

  • 16 · Occupancy

    total $100 · program services $85 · management and general $15

  • 17 · Travel

    total $10,426 · program services $9,755 · management and general $671

  • 19 · Conferences, conventions and meetings

    total $8,339 · program services $7,444 · management and general $895

  • 20 · Interest

    total $150 · management and general $150

  • 22 · Depreciation, depletion and amortization

    total $3,178 · management and general $3,178

  • 23 · Insurance

    total $63,899 · program services $48,819 · management and general $15,080

  • 24a · Other expenses: CEMETERY

    total $115,137 · management and general $115,137

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $56,419 · program services $47,769 · management and general $8,650

  • 24c · Other expenses: OTHER

    total $5,607 · management and general $5,607

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $312,614 · end of year $246,552

  • 2 · Savings and temporary cash investments

    beginning of year $10,450,104 · end of year $6,864,274

  • 4 · Accounts receivable

    beginning of year $42,265 · end of year $56,271

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,675 · end of year $3,675

  • 10a · Land, buildings and equipment: cost or other basis

    $157,573,208

  • 10b · Land, buildings and equipment: accumulated depreciation

    $33,177,176

  • 10c · Land, buildings and equipment, net

    beginning of year $102,724,576 · end of year $124,396,032

  • 11 · Investments: publicly traded securities

    beginning of year $106,403,026 · end of year $99,301,524

  • 15 · Other assets

    beginning of year $269,676 · end of year $624,572

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,373,147 · end of year $2,943,207

  • 25 · Other liabilities

    beginning of year $1,095,959 · end of year $1,126,283

  • 31 · Retained earnings, endowment or other funds

    beginning of year $216,736,830 · end of year $227,423,410

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • SUPPORT ORGANIZATION FOR NAMED EXEMPT ORGANIZATIONS UNDER IRS 501(C)(3). SEE LIST OF GRANTS IN SCHEDULE A AND SCHEDULE I. IN ADDITION TO CASH CONTRIBUTIONS, THE ORGANIZATION HAS ENTERED INTO COMMERCIAL LEASE ARRANGEMENTS WITH CERTAIN SUPPORTED ORGANIZATIONS AT NO COST OR BELOW MARKET RENTAL RATES. THE ANNUAL AMOUNT OF THE FREE AND REDUCED RENT PROVIDED TO THE SUPPORTED ORGANIZATIONS IS 621,705.

    Expenses $12,534,832 · Grants $9,027,350

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kenneth D Robinson

    PRESIDENT/DI

    Total calculated
    $626,909
    From this org
    $555,987
    From related orgs
    $1,750
    Other
    $69,172
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $555,987 + $1,750 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $43,732
    Nontaxable benefits
    $25,440
    Filer's total
    $625,159 + $1,750 related

  • Em Tukdarian

    TREASURER

    Total calculated
    $347,751
    From this org
    $279,751
    From related orgs
    $0
    Other
    $68,000
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $279,751
    Bonus
    not reported
    Other
    not reported
    Deferred
    $42,575
    Nontaxable benefits
    $25,425
    Filer's total
    $347,751

  • Kevin Bolding

    DIRECTOR

    Total calculated
    $292,917
    From this org
    $2,250
    From related orgs
    $290,667
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    not reported + $290,667 related
    Bonus
    $2,250
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $2,250 + $290,667 related

  • Thomas Williams

    EXEC VICE PR

    Total calculated
    $216,714
    From this org
    $186,312
    From related orgs
    $0
    Other
    $30,402
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $186,312
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $30,402
    Filer's total
    $216,714

  • Sk Donnelly

    CONTROLLER

    Total calculated
    $198,324
    From this org
    $149,913
    From related orgs
    $0
    Other
    $48,411
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $149,913
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,986
    Nontaxable benefits
    $25,425
    Filer's total
    $198,324

  • Shane Taylor

    CONSTRUCTION

    Total calculated
    $188,261
    From this org
    $142,726
    From related orgs
    $0
    Other
    $45,535
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $142,726
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,028
    Nontaxable benefits
    $23,507
    Filer's total
    $188,261

  • Katherine Martin

    SECRETARY

    Total calculated
    $143,789
    From this org
    $104,342
    From related orgs
    $0
    Other
    $39,447
    Hours/week
    50

  • Terry Prather

    CHAIRMAN/DIR

    Total calculated
    $5,000
    From this org
    $3,250
    From related orgs
    $1,750
    Other
    $0
    Hours/week
    2

  • Todd Burnett

    DIRECTOR

    Total calculated
    $3,750
    From this org
    $2,000
    From related orgs
    $1,750
    Other
    $0
    Hours/week
    2

  • Steve Castino

    DIRECTOR

    Total calculated
    $3,500
    From this org
    $1,875
    From related orgs
    $1,625
    Other
    $0
    Hours/week
    2

  • John Hillenmeyer

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $1,750
    From related orgs
    $1,250
    Other
    $0
    Hours/week
    2

  • Ed F Furey

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James K Hasson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART III
SCHEDULE J, PART I, LINE 4B: DR. PHILLIPS, INC. CONTRIBUTED THE FOLLOWING TO THE PRESIDENT'S 457(F) DEFERRED COMPENSATION PLAN: KENNETH D. ROBINSON: 98,197

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PHILJOHN INC

    C CORP · RE BROKER · FL · 100% owned · share of income -$2,797 · share of assets $76,260 · controlled entity

    Directly controlled by DRPHILLIPS

Provenance

Return type
form_990
Tax year
2023
Filed
24 January 2025
IRS schema version
2023v6.0
Source object
202520359349300917

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