Milbank Foundation For Rehabilitation Inc
- Assets
- $24.9m
- Revenue
- $1.3m
- Investments
- $23.3m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 08/1995
- Data as of
- 12/2020
- EIN
- 11-5125050
Organization Overview
Milbank Foundation For Rehabilitation Inc is located in Milwaukee, WI. The organization was established in 1995. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milbank Foundation For Rehabilitation Inc 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 12/2020, Milbank Foundation For Rehabilitation Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (21.4%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (20.8%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Milbank Foundation For Rehabilitation Inc has awarded 23 individual grants totaling $1,674,202. 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 |
|---|---|---|---|
Chris Olander Asst Secretary | 10 | $24,000 | |
Jeremiah M Bogert Jr Director | 1 | $0 | |
Jeremiah Milbank III President & Treasurer | 1 | $0 | |
Carl Helstrom See Footnote Exec Director/asst Treasur | 20 | $0 | |
Rev Terence Elsberry Director | 1 | $0 | |
Millicent Bogert Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $410,873 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $914,376 |
| Capital Gain Net Income | $914,376 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,325,249 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,060 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $104,609 |
| Total operating and administrative expenses | $331,549 |
| Contributions, gifts, grants paid | $1,324,202 |
| Total expenses and disbursements | $1,655,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,275 |
| Savings and temporary cash investments | $1,409,060 |
| Net Accounts receivable | $47,217 |
| 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 | $5,921,839 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,905,067 |
| Accounts payable and accrued expenses | $130,854 |
| Grants payable | $50,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $132,894 |
| Total liabilities | $313,748 |
Grants Awarded
Over the last fiscal year, Milbank Foundation For Rehabilitation Inc has awarded $1,674,202 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
YALE CANCER CENTER PURPOSE: OPERATING SUPPORT | $400,000 |
CENTER TO ADVANCE PALLIATIVE CARE PURPOSE: OPERATING SUPPORT | $150,000 |
Arlington, VA PURPOSE: OPERATING SUPPORT | $125,000 |
MENTORTHE NATIONAL MENTORING PARTNERSHIP PURPOSE: OPERATING SUPPORT | $100,000 |
Naples, FL PURPOSE: OPERATING SUPPORT | $100,000 |
Albertson, NY PURPOSE: OPERATING SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Work Skills Corporation Brighton, MI | $12,915,306 | $19,905,891 |
Epic Peoria, IL | $12,938,374 | $20,980,141 |
New Star Inc Chicago Heights, IL | $17,179,353 | $15,946,241 |
First Resources Corp Sigourney, IA | $9,340,910 | $15,811,214 |
Cedar Valley Services Inc Austin, MN | $19,653,627 | $16,645,958 |
Christian Opportunity Center Pella, IA | $13,962,431 | $13,502,776 |
New Horizons Rehabilitation Services Inc Auburn Hills, MI | $18,392,704 | $14,428,866 |
Progress Industries Newton, IA | $5,056,933 | $12,560,187 |
Opportunities Inc Of Jefferson County Fort Atkinson, WI | $79,445,205 | $15,358,946 |
Proact Inc Eagan, MN | $22,369,538 | $14,695,525 |
Opportunity Development Centers Inc Wisconsin Rapids, WI | $10,220,285 | $10,954,753 |
Merrick Inc Vadnais Heights, MN | $10,586,883 | $11,695,877 |