Mcmillen Family Foundation
- Assets
- $24.9m
- Revenue
- $845.9k
- Investments
- $16.3m
- Employees
- 0
- Location
- Temecula, CA
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 26-1593449
Organization Overview
Mcmillen Family Foundation is located in Temecula, CA. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcmillen Family Foundation 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, Mcmillen Family Foundation generated $845.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mcmillen Family Foundation has awarded 243 individual grants totaling $19,936,610. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl Mcmillen Jr Director | 0 | $0 | |
Carol Mcmillen Director/secretary | 0 | $0 | |
Gary Michel Director | 0 | $0 | |
Daniel Fiorito Director/cfo | 20 | $80,000 | |
John Bishop Director | 0 | $0 | |
Merle Countryman Director/ceo | 20 | $80,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $114,596 |
| Dividends & Interest | $154,582 |
| Net Rental Income | $85,186 |
| Net Gain on Sale of Assets | $450,292 |
| Capital Gain Net Income | $450,292 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $845,859 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $160,000 |
| Other employee salaries and wages | $160,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $66,850 |
| Depreciation | $39,603 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $8,243 |
| Other expenses | $114,839 |
| Total operating and administrative expenses | $627,326 |
| Contributions, gifts, grants paid | $3,940,995 |
| Total expenses and disbursements | $4,568,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,163,829 |
| 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 | $1,457,917 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,926,839 |
| Accounts payable and accrued expenses | $3,285 |
| 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 | $10 |
| Total liabilities | $3,295 |
Grants Awarded
Over the last fiscal year, Mcmillen Family Foundation has awarded $3,940,995 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ALANO CLUB OF GARDEN GROVE PURPOSE: FUND ALCOHOLISM TREATMENT PROGRAMS | $50,000 |
ALCANSLA PURPOSE: FUND DRUG & ALCOHOL TREATMENT PROGRAMS | $37,420 |
ALANO CLUB OF SANTA BARBARA PURPOSE: FUND ALCOHOLISM TREATMENT PROGRAMS | $20,000 |
ALCOHOLISM CENTER FOR WOMEN PURPOSE: FUND WOMEN'S RECOVERY PROGRAMS | $193,000 |
ASHLAND HOUSE PURPOSE: FUND WOMEN'S RECOVERY PROGRAMS | $350,000 |
AWAKENING RECOVERY PURPOSE: FUND ALCOHOLISM TREATMENT PROGRAMS | $84,000 |