Millrace Foundation Tr
- Assets
- $1.3m
- Revenue
- $50.9k
- Investments
- $1.3m
- Employees
- 0
- Location
- Radnor, PA
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 30-6178411
Organization Overview
Millrace Foundation Tr is located in Radnor, PA. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Millrace Foundation Tr 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, Millrace Foundation Tr generated $50.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $119.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Millrace Foundation Tr has awarded 41 individual grants totaling $426,500. 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 |
|---|---|---|---|
Jean E H Preston Co-Trustee | 0.01 | $0 | |
Shelley S Preston Co-Trustee | 0.01 | $0 | |
John P Kelly Co-Trustee | 0.01 | $0 | |
Katherine E Preston Co-Trustee | 0.01 | $0 | |
Courtney P Crosby Co-Trustee | 0.01 | $0 | |
John C Crosby Jr Co-Trustee | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,262 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,658 |
| Capital Gain Net Income | $8,658 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1 |
| Total Revenue | $50,921 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $646 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $19,900 |
| Contributions, gifts, grants paid | $99,500 |
| Total expenses and disbursements | $119,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,990 |
| 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 | $1,331,513 |
| 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, Millrace Foundation Tr has awarded $99,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CHESTER COUNTY FUND FOR WOMEN & GIRLS PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
COMMUNITY VOLUNTEERS IN MEDICINE PURPOSE: GENERAL OPERATING SUPPORT | $10,500 |
HISTORIC FAIRHILL INC PURPOSE: GENERAL OPERATING SUPPORT | $5,500 |
SAFE HARBOR OF CHESTER COUNTY PURPOSE: GENERAL OPERATING SUPPORT | $10,500 |
THE CITY SCHOOL PURPOSE: ACADEMIC SUPPORT PROGRAM | $10,500 |
THE SIMPLE WAY PURPOSE: GENERAL OPERATING SUPPORT | $10,500 |