Mills Family Foundation Inc
- Assets
- $262.1k
- Revenue
- $34.9k
- Investments
- $233.3k
- Employees
- 0
- Location
- Asheville, NC
- Founding
- 04/1963
- Data as of
- 05/2023
- EIN
- 56-6060644
Organization Overview
Mills Family Foundation Inc is located in Asheville, NC. The organization was established in 1963. 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. Mills Family 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 05/2023, Mills Family Foundation Inc generated $34.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 41.7% each year . All expenses for the organization totaled $24.3k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Mills Turner Pres/director | 0 | $0 | |
James W Turner Vp/director | 0 | $0 | |
Brian Mills Turner Director | 0 | $0 | |
Robin Turner Oswald Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,896 |
| Dividends & Interest | $8,323 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,649 |
| Capital Gain Net Income | $24,649 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,868 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $451 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,166 |
| Total operating and administrative expenses | $8,779 |
| Contributions, gifts, grants paid | $15,563 |
| Total expenses and disbursements | $24,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,203 |
| Savings and temporary cash investments | $16,451 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $136 |
| 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 | $262,091 |
| 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, Mills Family Foundation Inc has awarded $15,563 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AB TECH FOUNDATION PURPOSE: PROGRAM SUPPORT | $4,500 |
LITERACY COUNTIL OF BUNCOMBE COUNTY PURPOSE: PROGRAM SUPPORT | $2,500 |
MOUNTAIN AMATEUR ATHELETIC CLUB PURPOSE: PROGRAM SUPPORT | $1,000 |
PRESERVATION SOCIETY OF AVL & BUNCOMBE COUNTY PURPOSE: PROGRAM SUPPORT | $1,000 |
UNITED WAY PURPOSE: PROGRAM SUPPORT | $6,313 |
WOODFIN ELEMENTARY SCHOOL PURPOSE: PROGRAM SUPPORT | $250 |