Ted L Millar Aviation Foundation
- Assets
- $270.8k
- Revenue
- $81.4k
- Investments
- $196.0k
- Employees
- 0
- Location
- Henderson, NV
- Founding
- Data as of
- 06/2024
- EIN
- 88-3282008
Organization Overview
Ted L Millar Aviation Foundation is located in Henderson, NV. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ted L Millar Aviation 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 06/2024, Ted L Millar Aviation Foundation generated $81.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (39.0%) each year. All expenses for the organization totaled $23.5k during the year ending 06/2024. 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 |
|---|---|---|---|
Ted L Millar President | 1 | $0 | |
Michele Millar Director | 1 | $0 | |
Aron Faegre Vice President | 1 | $0 | |
Aric Krause Secretary | 1 | $0 | |
Warren Bean Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,744 |
| Interest on Savings | $3,423 |
| Dividends & Interest | $7,237 |
| 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 | $81,404 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,960 |
| Contributions, gifts, grants paid | $16,500 |
| Total expenses and disbursements | $23,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $758 |
| Savings and temporary cash investments | $74,062 |
| 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 | $270,825 |
| 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, Ted L Millar Aviation Foundation has awarded $16,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EAA CHAPTER 105 PURPOSE: YOUTH FLIGHT TRAINING SCHOLARSHIPS | $15,000 |
NORTHWEST ANTIQUE AIRPLANE CLUB PURPOSE: YOUTH FLIGHT TRAINING SCHOLARSHIPS | $1,500 |