Phase Ii Removal Site Evaluation Tr
- Assets
- $11.5m
- Revenue
- $5.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Navajo, NM
- Founding
- Data as of
- 12/2021
- EIN
- 82-2790358
Organization Overview
Phase Ii Removal Site Evaluation Tr, operating under the name Phase 2 Rse Trust, is located in Navajo, NM. According to its NTEE Classification (C19) the organization is classified as: Support N.E.C., under the broad grouping of Environment and related organizations. As of 12/2021, Phase 2 Rse Trust employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phase 2 Rse Trust 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 12/2021, Phase 2 Rse Trust generated $5.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (53.4%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PHASE 2 REMOVAL SITE EVALUATION TRUST IS TO CONDUCT INVESTIGATIONS AT 30 MINES, 13 OF THOSE MINES ARE LOCATED IN THE CAMERON AREA AND THE REMAINING MINES ARE TO BE IDENTIFIED IN THE FUTURE. A WATER STUDY AT THE CLAIM 28 MINE IN BLUE GAP WILL BE PERFORMED AND ANOTHER LOCATION TBD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2020 WAS THE FOURTH YEAR OF OPERATION FOR THE TRUST OPERATIONS INCLUDED ESTABLISHING OFFICES AND PERSONEL. IN ADDITION, THE TRUST BEGAN REMOVAL SITE ASSESSMENTS AND ANALYSIS.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $5,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,900 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $282,887 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,285 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,181 |
| Payroll taxes | $6,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,893 |
| Fees for services: Accounting | $7,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,058,728 |
| Advertising and promotion | $223 |
| Office expenses | $6,092 |
| Information technology | $2,473 |
| Royalties | $0 |
| Occupancy | $21,200 |
| Travel | $1,953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,508 |
| All other expenses | $189 |
| Total functional expenses | $1,495,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,800 |
| Savings and temporary cash investments | $11,215,876 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,873 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,833 |
| Total assets | $11,469,382 |
| Accounts payable and accrued expenses | $64,252 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $64,252 |
| Net assets without donor restrictions | $5 |
| Net assets with donor restrictions | $11,405,125 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,469,382 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance For Sustainable Colorado Denver, CO | $14,957,142 | $2,555,063 |
Phase Ii Removal Site Evaluation Tr Navajo, NM | $11,469,382 | $5,900 |
San Juan Mountains Association Durango, CO | $1,264,735 | $1,154,488 |
Trails Preservation Alliance Colorado Springs, CO | $1,428,316 | $466,944 |
Texas Health And Environment Alliance Inc Houston, TX | $455,920 | $276,856 |
Jacksboro Vision Group Inc Jacksboro, TX | $325,117 | $0 |
Willowtail Springs Nature Preserve And Education Center Mancos, CO | $25,916 | $207,012 |
Eastland Community Foundation Eastland, TX | $576,545 | $173,481 |
Cullinan Park Conservancy Sugar Land, TX | $922,226 | $316,109 |
Rv Toan Foundation Ouray, CO | $121,744 | $200,000 |
For The Environment Inc Denver, CO | $230,443 | $45,045 |
Modern Huntsman Foundation Dallas, TX | $0 | $0 |