Millmont Foundation
- Assets
- $219.5k
- Revenue
- $27.2k
- Investments
- $172.3k
- Employees
- 0
- Location
- Allison Park, PA
- Founding
- 12/1956
- Data as of
- 07/2024
- EIN
- 06-6051671
Organization Overview
Millmont Foundation is located in Allison Park, PA. The organization was established in 1956. 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. Millmont 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 07/2024, Millmont Foundation generated $27.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $58.2k during the year ending 07/2024. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Millmont Foundation has awarded 190 individual grants totaling $413,498. 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 |
|---|---|---|---|
Theodore G Montague President | 0 | $0 | |
Richard W Montague Secretary | 2 | $0 | |
Cynthia C Montague Secretary | 2 | $0 | |
Carrie M Stanny Treasurer | 2 | $0 | |
Peter M Cholnoky Director | 0 | $0 | |
Dorothy M Cholnoky Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $180 |
| Dividends & Interest | $25,320 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,726 |
| Capital Gain Net Income | $1,726 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,226 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $218 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $251 |
| Total operating and administrative expenses | $3,222 |
| Contributions, gifts, grants paid | $54,998 |
| Total expenses and disbursements | $58,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $640 |
| Savings and temporary cash investments | $46,566 |
| 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 | $219,540 |
| 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, Millmont Foundation has awarded $54,998 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
DARTMOTH COLLEGE PURPOSE: OPERATING FUNDS | $1,833 |
SOUTH HADLEY HISTORICAL SOCIETY PURPOSE: OPERATING FUNDS | $1,000 |
ADIRONDACK MOUNTAIN CLUB PURPOSE: OPERATING FUNDS | $2,500 |
WASHBURN HERITAGE ASSOCIATION PURPOSE: OPERATING FUNDS | $3,000 |
GARDINER LIBRARY PURPOSE: OPERATING FUNDS | $1,000 |
NORTH ATTLEBORO HISTORICAL SOCIETY PURPOSE: OPERATING FUNDS | $1,500 |