Phase Two Cebu
- Assets
- $122.6k
- Revenue
- $145.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MN
- Founding
- 12/2019
- Data as of
- 12/2023
- EIN
- 84-1797339
Organization Overview
Phase Two Cebu is located in Cambridge, MN. The organization was established in 2019. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phase Two Cebu is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Phase Two Cebu generated $145.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $203.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO PTCG PHILIPPINES FOR BUILDINGS AND EDUCATIONAL PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Reasoner President | 15 | $0 | |
Shari Reasoner Vide President | 15 | $0 | |
Ruth Lunde Treasurer | 5 | $0 | |
Michelle Turner Secretary | 5 | $0 | |
Roger D Madison Chairman | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $145,443 |
| Interest on Savings | $60 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $59 |
| Total Revenue | $145,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,047 |
| Printing and publications | $0 |
| Other expenses | $16,557 |
| Total operating and administrative expenses | $30,904 |
| Contributions, gifts, grants paid | $172,843 |
| Total expenses and disbursements | $203,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254 |
| Savings and temporary cash investments | $122,322 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $122,576 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Phase Two Cebu has awarded $108,124 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY PHILIPPINES PURPOSE: TO ASSIST IN THE BUILIDNG OF A RESIDENTIAL HOUSING PROJECT IN CONJUNCTION WITH HABITAT FOR HUMANITY PHILIPPINES AND CHILDRENS SHELTER OF CEBU | $61,536 |
HOUSING FOR LANGUIDO PURPOSE: MEET HOUSING NEEDS OF COMMUNITY | $11,613 |
DE LA SALLE COLLEGE PURPOSE: SCHOLARSHIPS | $7,871 |
UNHRC PURPOSE: TYPHOON RAI RELIEF | $7,598 |
CHURCH GROWTH MINISTRIES PURPOSE: ASSIST WITH BUILDING NEEDS | $3,902 |
PHILLIPINE LIBRARY PROJECT PURPOSE: PROVIDE BOOKS AND SUPPLIES | $15,604 |