Millhill Foundation Inc
- Assets
- $2.2m
- Revenue
- $700.4k
- Investments
- $145.0k
- Employees
- 0
- Location
- Trenton, NJ
- Founding
- 05/2002
- Data as of
- 07/2023
- EIN
- 22-3828387
Organization Overview
Millhill Foundation Inc is located in Trenton, NJ. The organization was established in 2002. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Millhill 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 07/2023, Millhill Foundation Inc generated $700.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $912.9k during the year ending 07/2023. While expenses have increased by 10.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES OF BUILDINGS RENTED TO AN AFFILIATED NON-PROFIT FOR EARLY CHILDHOOD, FAMILY SUPPORT AND YOUTH ENGAGEMENT.
GRANTS AWARDED FOR PROGRAMS ENCOMPASS VARIOUS YOUTH ENGAGEMENT PROGRAMS INCLUDING THE TRENTON PEERS- A PROGRAM DESIGNED TO TEACH TEENAGERS AND PRE-TEENS IN THE TRENTON COMMUNITY ANGER MANAGEMENT, BULLYING PREVENTION, SEXUAL RESPONSIBILITY, AND VIOLENCE PREVENTION SKILLS THROUGH PEER LED EDUCATION AND TO ENSURE TEENS GRADUATE ON TIME AND PURSUE POST-GRADUATION PATHWAYS, SUMMER YOUTH EMPLOYMENT PROGRAM WHICH HAS A CAREER TRAINING PROGRAM PREPARING NINTH GRADERS FOR FUTURE JOBS AND PLACES OLDER YOUTH IN NON-PROFITS FOR THE SUMMER, AND STEM EXPLORERS-A CAMP FOR MIDDLE SCHOOLERS INTERESTED IN STEM. OTHER GRANTS INCLUDE FAMILY SUPPORT SERVICES WHICH INCLUDES HEALTH LITERACY - A PROGRAM DESIGNED TO EDUCATE, INFORM AND EMPOWER CHILDREN AND FAMILIES FOR HEALTHIER LIVING AND IMPROVED ACCESS TO HEALTH CARE AND OUT OF HOME PLACEMENT SUPPORT-A PROGRAM SUPPORTING FOSTER FAMILIES AND CHILDREN PLACED IN THEIR CARE AS WELL AS AWARDS FOR GENERAL OPERATING SUPPORT AND CAPITAL EXPENDITURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Rosen President | OfficerTrustee | 3 | $0 |
August Leming PHD Vice President | OfficerTrustee | 3 | $0 |
Stephen Galleto Secretary | OfficerTrustee | 3 | $0 |
Richard Coyne CPA Treasurer | OfficerTrustee | 3 | $0 |
John Cassimatis Trustee | Trustee | 3 | $0 |
Sergio Iacovitti Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,142 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $407,318 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $447,460 |
| Total Program Service Revenue | $243,240 |
| Investment income | $16,281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,532 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $700,449 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $667,642 |
| Grants and other assistance to domestic individuals. | $44,034 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $93,851 |
| Fees for services: Legal | $3,158 |
| Fees for services: Accounting | $8,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $19,794 |
| Fees for services: Investment Management | $1,967 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,429 |
| Interest | $12,763 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,384 |
| Insurance | $2,436 |
| All other expenses | $772 |
| Total functional expenses | $912,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $741,992 |
| Savings and temporary cash investments | $204,618 |
| Pledges and grants receivable | $582 |
| Accounts receivable, net | $11,381 |
| 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 | $1,035 |
| Net Land, buildings, and equipment | $478,718 |
| Investments—publicly traded securities | $582,336 |
| Investments—other securities | $144,957 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,165,619 |
| Accounts payable and accrued expenses | $210,281 |
| 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 | $223,114 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $433,395 |
| Net assets without donor restrictions | $1,675,953 |
| Net assets with donor restrictions | $56,271 |
| 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 | $2,165,619 |