Mill Foundation
- Assets
- $1.9m
- Revenue
- $80.1k
- Investments
- $1.8m
- Employees
- 0
- Location
- Loves Park, IL
- Founding
- 07/2003
- Data as of
- 06/2023
- EIN
- 30-0177875
Organization Overview
Mill Foundation is located in Loves Park, IL. The organization was established in 2003. According to its NTEE Classification (T30) the organization is classified as: Public 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. Mill 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 06/2023, Mill Foundation generated $80.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $135.7k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mill Foundation has awarded 60 individual grants totaling $606,170. 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 |
|---|---|---|---|
Ecklund Carl President | 0.5 | $0 | |
Muehlfelder Fred Vice-President | 0.5 | $0 | |
Baudhuin Thomas Treasurer | 0.5 | $0 | |
Marshall-Knutson Cheryl A Secretary | 0.5 | $0 | |
Cyrs David M Director | 0.5 | $0 | |
Johnson Scott R Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,553 |
| Interest on Savings | $0 |
| Dividends & Interest | $44,596 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,943 |
| Capital Gain Net Income | $21,943 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $80,092 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,869 |
| Total operating and administrative expenses | $20,635 |
| Contributions, gifts, grants paid | $115,049 |
| Total expenses and disbursements | $135,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,503 |
| Savings and temporary cash investments | $155,345 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,917,095 |
| 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 |
Grants Awarded
Over the last fiscal year, Mill Foundation has awarded $115,049 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
THE PREGNANCY CARE CENTER OF ROCKFORD PURPOSE: SOCIAL WELFARE | $5,000 |
ROCKFORD SEXUAL ASSAULT COUNSEL PURPOSE: SOCIAL WELFARE | $2,000 |
ROCKFORD RESCUE MISSION PURPOSE: SOCIAL WELFARE | $10,000 |
HABITAT FOR HUMANITY PURPOSE: SOCIAL WELFARE | $4,000 |
REMEDIES RENEWING LIVES PURPOSE: SOCIAL WELFARE | $4,200 |
ROCK HOUSE KIDS PURPOSE: SOCIAL WELFARE | $5,000 |