Debra Powell Mills Charitable Foundation
- Assets
- $95.4k
- Revenue
- $2.6k
- Investments
- $92.1k
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 10/2018
- Data as of
- 12/2023
- EIN
- 83-2185236
Organization Overview
Debra Powell Mills Charitable Foundation is located in Lexington, KY. The organization was established in 2018. 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. Debra Powell Mills Charitable 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 12/2023, Debra Powell Mills Charitable Foundation generated $2.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $4.4k during the year ending 12/2023. While expenses have increased by 11.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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 |
|---|---|---|---|
Michael Mills President | 2 | $0 | |
Andrew Mills Treasurer | 1 | $0 | |
Donald Addington Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24 |
| Dividends & Interest | $2,585 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,609 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $70 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $70 |
| Contributions, gifts, grants paid | $4,300 |
| Total expenses and disbursements | $4,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,349 |
| 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 | $39,201 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $95,416 |
| 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, Debra Powell Mills Charitable Foundation has awarded $4,300 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HELP HOPE LIVE PURPOSE: GENERAL PUBLIC GOOD | $500 |
ALOHA UNITED WAY PURPOSE: GENERAL PUBLIC GOOD | $1,000 |
YOUNG LIFE PURPOSE: GENERAL PUBLIC GOOD | $1,800 |
KENTUCKY EQUINE ADOPTION CENTER PURPOSE: ANIMAL WELFARE | $1,000 |