The Brian And Sheila Mcmillan Family Foundation
- Assets
- $1.2m
- Revenue
- $488.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Excelsior, MN
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 82-1403154
Organization Overview
The Brian And Sheila Mcmillan Family Foundation is located in Excelsior, MN. The organization was established in 2017. 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. Brian And Sheila Mcmillan Family Foundation 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, Brian And Sheila Mcmillan Family Foundation generated $488.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $40.8k during the year ending 12/2021. 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 |
|---|---|---|---|
Sheila Mcmillan Trustee | 1 | $0 | |
Brian Mcmillan Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $199,715 |
| Interest on Savings | $7 |
| Dividends & Interest | $21,602 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $266,639 |
| Capital Gain Net Income | $266,639 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $487,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,748 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,773 |
| Total operating and administrative expenses | $12,796 |
| Contributions, gifts, grants paid | $28,000 |
| Total expenses and disbursements | $40,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $70,731 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,235,939 |
| 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, The Brian And Sheila Mcmillan Family Foundation has awarded $28,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Excelsior, MN PURPOSE: REDESIGN AND INVESTMENT IN EXCELSIOR COMMONS PUBLIC PARK | $10,000 |
Excelsior, MN PURPOSE: SUPPORT FOR TEENS IN CRISIS | $5,000 |
ICA FOOD SHELF PURPOSE: FOOD SHELF | $5,000 |
KAPPA KAPPA GAMMA PURPOSE: SUPPORT FOR SORORITY | $3,000 |
LIONS INK PURPOSE: NORTH MINNEAPOLIS COMMUNITY SUPPORT | $2,500 |
MN TEEN CHALLENGE PURPOSE: SUPPORT SERVICES FOR ADDICTION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |
The Ceres Trust Milwaukee, WI | $8,473,497 | $7,541,315 |
New Jci Foundation Inc Milwaukee, WI | $45,616,522 | $3,307,387 |
Hugh J Andersen Foundation Bayport, MN | $156,260,583 | $11,255,430 |
Hall-Perrine Foundation Cedar Rapids, IA | $140,581,654 | $14,980,430 |
Dohmen Company Foundation Inc Milwaukee, WI | $0 | $9,439,356 |
Xcel Energy Foundation Minneapolis, MN | $11,307,736 | $67,424 |
Patrick & Aimee Butler Family Foundation St Paul, MN | $109,951,624 | $8,639,825 |
Mead Witter Foundation Inc Wisconsin Rapids, WI | $51,357,757 | $5,357,467 |
Comer Science And Education Foundation Waukesha, WI | $78,906,538 | $1,965,731 |