Mcmillan Family Foundation Inc
- Assets
- $12.1m
- Revenue
- $1.1m
- Investments
- $10.7m
- Employees
- 0
- Location
- Valparaiso, IN
- Founding
- 05/2016
- Data as of
- 12/2021
- EIN
- 81-0855474
Organization Overview
Mcmillan Family Foundation Inc is located in Valparaiso, IN. The organization was established in 2016. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Mcmillan 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 12/2021, Mcmillan Family Foundation Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year.
Since 2016, Mcmillan Family Foundation Inc has awarded 17 individual grants totaling $3,586,410. 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 |
|---|---|---|---|
Celina Weatherwax President | 10 | $71,533 | |
George Douglas Board Member | 1 | $0 | |
John Wiktor Treasurer/se | 1 | $0 | |
Stewart Mcmillan Chairman | 1 | $0 | |
Timothy Scannell Board Member | 1 | $0 | |
Kathryn Mcmillan Vice Preside | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $423 |
| Interest on Savings | $10 |
| Dividends & Interest | $118,415 |
| Net Rental Income | -$4,447 |
| Net Gain on Sale of Assets | $931,090 |
| Capital Gain Net Income | $931,090 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,064 |
| Total Revenue | $1,071,202 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $71,533 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $15,502 |
| Interest | $4,885 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $19,001 |
| Travel, conferences, and meetings | $1,021 |
| Printing and publications | $0 |
| Other expenses | $98,787 |
| Total operating and administrative expenses | $236,926 |
| Contributions, gifts, grants paid | $467,910 |
| Total expenses and disbursements | $704,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $100,535 |
| 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 | $1,004,885 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $285,763 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,107,935 |
| Accounts payable and accrued expenses | $15,825 |
| 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 | $15,825 |
Grants Awarded
Over the last fiscal year, Mcmillan Family Foundation Inc has awarded $467,910 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Valparaiso, IN PURPOSE: DONATION | $303,000 |
Valparaiso, IN PURPOSE: DONATION | $164,430 |
LASALLE COUNCIL BOY SCOUTS PURPOSE: DONATION | $480 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joyce Foundation Chicago, IL | $1,408,794,882 | $150,496,278 |
Lynde And Harry Bradley Foundation Inc Milwaukee, WI | $1,061,478,184 | $82,867,746 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |
G Carl Ball Family Foundation West Chicago, IL | $40,772,718 | $1,501,347 |
Apex Oil Company Charitable Foundation Clayton, MO | $5,552,503 | $420,890 |
Northern Trust Foundation Chicago, IL | $8,176,518 | $7,000,250 |
Good Samaritan Hospital Foundation Inc Vincennes, IN | $4,610,658 | $1,741,371 |