The Miles Foundation Inc
- Assets
- $67.3m
- Revenue
- $7.8m
- Investments
- $63.1m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 01/2000
- Data as of
- 12/2023
- EIN
- 75-2739180
Organization Overview
The Miles Foundation Inc is located in Fort Worth, TX. The organization was established in 2000. 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. Miles 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 12/2023, Miles Foundation Inc generated $7.8m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Miles Foundation Inc has awarded 321 individual grants totaling $16,672,088. 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 |
|---|---|---|---|
Christopher G Coates Ceo/director | 40 | $305,190 | |
Jack L Burdett Chairman | 5 | $24,000 | |
Sherry A Wilson Director | 5 | $24,000 | |
Sara J Redington Chief Philanthropy O | 40 | $204,043 | |
Peyton G Johnigan Financial Analyst | 40 | $93,108 | |
Jassmine A Posada Director Of Programs | 40 | $59,182 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcr Capital Advisors Corporation | 12/30/23 | $163,126 |
Clearfork Retail Venture Llc | 12/30/23 | $137,407 |
Jared P Harrell | 12/30/23 | $78,061 |
Longbow Partners | 12/30/23 | $50,759 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $527,556 |
| Net Rental Income | $57,028 |
| Net Gain on Sale of Assets | $2,252,681 |
| Capital Gain Net Income | $2,252,681 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,890,721 |
| Total Revenue | $7,821,502 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $353,190 |
| Other employee salaries and wages | $486,080 |
| Pension plans, employee benefits | $127,114 |
| Interest | $288,759 |
| Taxes | $123,933 |
| Depreciation | $38,205 |
| Occupancy | $137,407 |
| Travel, conferences, and meetings | $61,290 |
| Printing and publications | $0 |
| Other expenses | $404,355 |
| Total operating and administrative expenses | $2,577,274 |
| Contributions, gifts, grants paid | $2,275,654 |
| Total expenses and disbursements | $4,852,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,999,664 |
| Savings and temporary cash investments | $632,220 |
| 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 | $1,419,944 |
| Investments—mortgage loans | $0 |
| Investments—other | $51,286,680 |
| Net Land, buildings, and equipment | $131,799 |
| Other assets | $50,000 |
| Total assets | $67,314,378 |
| 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 | $5,295,179 |
| Total liabilities | $5,295,179 |
Grants Awarded
Over the last fiscal year, The Miles Foundation Inc has awarded $2,275,654 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
STAND TOGETHER PURPOSE: VELA | $300,000 |
THE PHILANTHROPY ROUNDTABLE INC PURPOSE: GENERAL OPERATIONS | $75,000 |
TEXAS CHRISTIAN UNIVERSITY PURPOSE: SCHOOL OF MEDICINE | $25,000 |
TEXAS CHARTER SCHOOLS ASSOCIATION PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
UNIVERSITY OF OKLAHOMA FOUNDATION INC PURPOSE: MBA DALLAS CORPORATE SCHOLARS PROGRAM | $25,000 |
BASIS TEXAS CHARTER SCHOOLS INC PURPOSE: FORT WORTH EXPANSION | $100,000 |