Mill Neck Foundation Inc
- Assets
- $27.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 48
- Location
- Mill Neck, NY
- Founding
- 01/1980
- Data as of
- 12/2021
- EIN
- 11-2497863
Organization Overview
Mill Neck Foundation Inc is located in Mill Neck, NY. The organization was established in 1980. As of 12/2021, Mill Neck Foundation Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mill Neck Foundation Inc 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, Mill Neck Foundation Inc generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mill Neck Foundation Inc has awarded 33 individual grants totaling $3,461,225. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MILL NECK FOUNDATION WAS FORMED TO GATHER RESOURCES TO SUPPORT A VARIETY OF MINISTRIES IN THE U.S. AND WORLDWIDE, WHICH SERVE DEAF AND HARD OF HEARING PEOPLE, INCLUDING MILL NECK MANOR SCHOOL FOR THE DEAF, MILL NECK SERVICES INC., AND LUTHERAN FRIENDS OF THE DEAF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AWARDED - SINCE 1978 THE MILL NECK FOUNDATION HAS GRANTED APPROXIMATELY $8,500,000 TO ORGANIZATIONS WORLDWIDE THAT PROVIDE INCLUSION OPPORTUNITIES FOR DEAF PEOPLE IN EDUCATIONAL, VOCATIONAL, AND RELIGIOUS SETTINGS. THE FOUNDATION HAS FUNDED PROGRAMS TO TRAIN LUTHERAN PASTORS AND LAY PEOPLE TO INCLUDE DEAF PEOPLE IN THEIR CONGREGATIONS. THE FOUNDATION AND ITS VALUED DONORS HAVE ALSO PROVIDED ANNUAL SUPPORT TO THE MILL NECK MANOR SCHOOL FOR THE DEAF, THE MILL NECK MANOR EARLY CHILDHOOD CENTER, MILL NECK SERVICES, AND LUTHERAN FRIENDS OF THE DEAF, INC. THE ORGANIZATIONS FUNDED BY THE FOUNDATION PROVIDE SIGNIFICANT SERVICES TO INDIVIDUALS WHO ARE HEARING IMPAIRED AND PROVIDE A TREMENDOUS LEVEL OF SOCIAL IMPACT THAT WOULD NOT BE POSSIBLE WITHOUT THE SUPPORT OF THE FOUNDATION.
MANOR HOUSE - PROVIDES TOURS OF THE MANOR HOUSE WHICH WAS THE ORIGINAL MILL NECK MANOR SCHOOL FOR THE DEAF. THE TOURS NOT ONLY SHARE THE HISTORY OF THE FORMER OWNER BUT SHARE INFORMATION ABOUT THE SCHOOL, MILL NECK SERVICES, AND THE ISSUES FACING THOSE WHO ARE HEARING IMPAIRED. THE MANOR HOUSE IS ALSO USED BY MOVIE AND TV FILM CREWS. THE FUNDS ARE USED TO SUPPORT THE MAINTENANCE OF THE BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Michael F Killian Former President | 0 | $611,777 | |
Dr Asiah Mason CEO | Officer | 25 | $267,472 |
Mary Anne Marman Former Director Of Business | 5 | $133,409 | |
Mrs Leslie Schnake Secretary | OfficerTrustee | 1 | $0 |
Rev Dr David H Benke Vice Chair | OfficerTrustee | 1 | $0 |
William Charon Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $378,761 |
| All other contributions, gifts, grants, and similar amounts not included above | $554,113 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $932,874 |
| Total Program Service Revenue | $317,050 |
| Investment income | $556,631 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $145,790 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,972,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $211,584 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,390,861 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $431,271 |
| Payroll taxes | $97,921 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,806 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,794 |
| Advertising and promotion | $5,992 |
| Office expenses | $2,121 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,292 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,220 |
| Interest | $594 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,486 |
| Insurance | $173,939 |
| All other expenses | $315,257 |
| Total functional expenses | $3,304,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $407,965 |
| Savings and temporary cash investments | $0 |
| 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 | $48,068 |
| Net Land, buildings, and equipment | $362,684 |
| Investments—publicly traded securities | $24,547,163 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,876,359 |
| Total assets | $27,242,239 |
| Accounts payable and accrued expenses | $321,906 |
| 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 | $2,769,075 |
| Total liabilities | $3,090,981 |
| Net assets without donor restrictions | $23,613,454 |
| Net assets with donor restrictions | $537,804 |
| 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 | $27,242,239 |
Grants Awarded
Over the last fiscal year, Mill Neck Foundation Inc has awarded $1,299,699 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Mill Neck, NY PURPOSE: GENERAL SUPPORT | $503,175 |
CENTER FOR HEARING HEALTH PURPOSE: GENERAL SUPPORT | $362,710 |
Mill Neck, NY PURPOSE: GENERAL SUPPORT | $288,649 |
Mill Neck, NY PURPOSE: GENERAL SUPPORT | $145,165 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mill Neck Foundation Inc has recieved totaling $4,301.
| Awarding Organization | Amount |
|---|---|
Rose & Kiernan Charitable Foundation Inc Albany, NY PURPOSE: UNRESTRICTED | $2,500 |
Helen S Donaldson Charitable Remainder Unitrust Ua 02161999 Winsted, CT PURPOSE: GENERAL PURPOSES | $1,801 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Hearing And Speech Center Inc Buffalo, NY | $11,534,063 | $22,101,908 |
Hearing Evaluation Services Of Buffalo Inc Amherst, NY | $1,781,726 | $5,370,134 |
Stern Center For Language & Learning Williston, VT | $10,369,952 | $4,913,121 |
Hearing And Speech Center Of Rochester Inc Rochester, NY | $1,373,825 | $5,215,308 |
Mill Neck Foundation Inc Mill Neck, NY | $27,242,239 | $1,972,327 |
Mary And Alexander Laughlin Childrens Center Sewickley, PA | $11,072,426 | $1,357,558 |
National Stuttering Association Staten Island, NY | $1,408,891 | $724,282 |
Empire State Special Needs Experience Inc Spencer, NY | $372,524 | $208,244 |