Mcmillan Family Foundation Inc
- Assets
- $9.1m
- Revenue
- -$195.8k
- Investments
- $7.7m
- Employees
- 0
- Location
- Valparaiso, IN
- Founding
- 05/2016
- Data as of
- 12/2022
- 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.
Since 2016, Mcmillan Family Foundation Inc has awarded 22 individual grants totaling $5,446,039. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stewart Mcmillan Chairman | 1 | $0 | |
Celina Weatherwax President | 10 | $30,600 | |
Kathryn Mcmillan Vice Preside | 1 | $0 | |
George Douglas Board Member | 1 | $0 | |
John Wiktor Treasurer/se | 1 | $0 | |
Timothy Scannell Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $120 |
| Dividends & Interest | $117,264 |
| Net Rental Income | -$2,900 |
| Net Gain on Sale of Assets | -$337,341 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,004 |
| Total Revenue | -$195,753 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,026 |
| Interest | $27,586 |
| Taxes | $13,125 |
| Depreciation | $0 |
| Occupancy | $12,813 |
| Travel, conferences, and meetings | $273 |
| Printing and publications | $0 |
| Other expenses | $73,583 |
| Total operating and administrative expenses | $190,213 |
| Contributions, gifts, grants paid | $405,129 |
| Total expenses and disbursements | $595,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $136,593 |
| 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 | $996,850 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $272,867 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,106,916 |
| Accounts payable and accrued expenses | $9,622 |
| 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 | $9,622 |
Grants Awarded
Over the last fiscal year, Mcmillan Family Foundation Inc has awarded $405,129 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PORTER COUNTY COMMUNITY FOUNDATION PURPOSE: DONATION | $300,000 |
MAAC FOUNDATION PURPOSE: DONATION | $100,000 |
HOME DEPOT FOUNDATION PURPOSE: DONATION | $5,129 |