Miles Educational Foundation 7950-41 Nect
- Assets
- $692.6k
- Revenue
- $17.2k
- Investments
- $681.7k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 01/1900
- Data as of
- 12/2022
- EIN
- 43-6072185
Organization Overview
Miles Educational Foundation 7950-41 Nect is located in Milwaukee, WI. The organization was established in 1900. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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.
For the year ending 12/2022, Miles Educational Foundation 7950-41 Nect generated $17.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $56.4k during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 7 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.
Since 2016, Miles Educational Foundation 7950-41 Nect has awarded 43 individual grants totaling $203,200. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,872 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,334 |
| Capital Gain Net Income | $1,334 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11 |
| Total Revenue | $17,217 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,230 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,439 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,169 |
| Contributions, gifts, grants paid | $37,200 |
| Total expenses and disbursements | $56,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,506 |
| 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 | $681,721 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $339 |
| Total assets | $692,566 |
| 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, Miles Educational Foundation 7950-41 Nect has awarded $37,200 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MISSOURI UNIVERSITY OF SCIENCE PURPOSE: GENERAL OPERATING | $3,100 |
UNIVERSITY OF MISSOURI PURPOSE: GENERAL OPERATING | $3,100 |
ARKANSAS STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $6,200 |
UNIVERSITY OF MISSOURI COLUMBIA PURPOSE: GENERAL OPERATING | $9,300 |
NORTH ARKANSAS COLLEGE PURPOSE: SCHOLARSHIPS | $3,100 |
SOUTHEAST MISSOURI STATE UNIVERSITY PURPOSE: GENERAL OPERATING | $12,400 |