Milner Award Inc
- Assets
- $292.9k
- Revenue
- $23.7k
- Investments
- $253.7k
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 12/2006
- Data as of
- 12/2022
- EIN
- 20-4627341
Organization Overview
Milner Award Inc is located in Alexandria, VA. The organization was established in 2006. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milner Award 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 12/2022, Milner Award Inc generated $23.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $53.7k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE MILNER AWARD, INC. IS TO FOSTER IN CHILDREN A LIFELONG LOVE OF READING. IN 2022, THE MILNER AWARD PROVIDED TWO BOOKS TO EACH OF 915 5TH GRADE STUDENTS AT TEN TITLE I ELEMENTARY SCHOOLS IN THE ATLANTA AREA, WORKING IN PARTNERSHIP WITH ANOTHER NONPROFIT, PAGE TURNERS MAKE GREAT LEARNERS. STUDENTS READ AND DISCUSSED THE BOOKS IN THEIR CLASSROOMS AS PART OF MILNER'S READ2VOTE CAMPAIGN, WHICH CULMINATED IN THE VOTED-ON AUTHOR PRESENTATION TO STUDENTS IN SPRING 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Bowerman Secretary | 1 | $0 | |
Kelly Robinson Vann Board Member | 1 | $0 | |
Linda Lynch Ware Treasurer | 1 | $0 | |
Virginia Bennett Co-President | 1 | $0 | |
Nicole Lynch Co-President | 1 | $0 | |
Lori Ainsworth Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,397 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,256 |
| Capital Gain Net Income | $17,256 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,653 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $252 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,081 |
| Total operating and administrative expenses | $21,180 |
| Contributions, gifts, grants paid | $32,500 |
| Total expenses and disbursements | $53,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $39,202 |
| 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 | $105,310 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $292,914 |
| 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 |