Earl B & Loraine H Miller Fdn
- Assets
- $30.8m
- Revenue
- $2.0m
- Investments
- $27.5m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 10/1967
- Data as of
- 06/2022
- EIN
- 95-2500545
Organization Overview
Earl B & Loraine H Miller Fdn is located in Long Beach, CA. The organization was established in 1967. 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. Earl B & Loraine H Miller Fdn 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 06/2022, Earl B & Loraine H Miller Fdn generated $2.0m 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 (10.2%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Earl B & Loraine H Miller Fdn has awarded 331 individual grants totaling $7,443,580. 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 |
|---|---|---|---|
Darick J Simpson President | 40 | $175,000 | |
Annette Kashiwbara Trustee | 1 | $0 | |
Cynthia D Terry Trustee | 1 | $0 | |
Tracy M Colunga Trustee | 1 | $0 | |
Malcolm Turner Trustee | 1 | $0 | |
Ron R Arias Chair Of The Board | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aristotle Investments | 6/29/22 | $55,628 |
Verus Investments | 6/29/22 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $216 |
| Dividends & Interest | $767,749 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,139,044 |
| Capital Gain Net Income | $1,139,044 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $65,644 |
| Total Revenue | $1,972,653 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $175,000 |
| Other employee salaries and wages | $53,904 |
| Pension plans, employee benefits | $17,589 |
| Interest | $54 |
| Taxes | $43,298 |
| Depreciation | $0 |
| Occupancy | $22,500 |
| Travel, conferences, and meetings | $8,005 |
| Printing and publications | $1,087 |
| Other expenses | $38,064 |
| Total operating and administrative expenses | $510,299 |
| Contributions, gifts, grants paid | $2,691,629 |
| Total expenses and disbursements | $3,201,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,283,649 |
| 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 | $1,565,057 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,804,362 |
| 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, Earl B & Loraine H Miller Fdn has awarded $4,508,571 in support to 190 organizations.
| Grant Recipient | Amount |
|---|---|
THE CHILDREN'S CLINIC PURPOSE: TCC FAMILY HEALTH AND WELLNESS CENTER CAPITAL CAMPAIGN | $500,000 |
Long Beach, CA PURPOSE: "CREATING SMILES" CAPITAL CAMPAIGN TO EXPAND CHILDREN'S SERVICES CAMPUS | $208,500 |
CHILDREN'S DENTAL HEALTH CLINIC PURPOSE: MULTI-SPECIALTY PEDIATRIC DENTAL TREATMENT FOR UNDERSERVED CHILDREN | $70,000 |
Long Beach, CA PURPOSE: EARLY CHILDHOOD EDUCATION FOR LOW-INCOME CHILDREN | $60,000 |
THE GUIDANCE CENTER PURPOSE: THE GUIDANCE CENTER | $60,000 |
THE CHILDREN'S CLINIC PURPOSE: TCC FAMILY HEALTH BEHAVIORAL HEALTH PROGRAM FOR CHILDREN | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |