Miller Oil Foundation
- Assets
- $1.3m
- Revenue
- $482.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 09/2004
- Data as of
- 12/2021
- EIN
- 20-1258584
Organization Overview
Miller Oil Foundation is located in Norfolk, VA. The organization was established in 2004. According to its NTEE Classification (T30) the organization is classified as: Public 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. Miller Oil 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 12/2021, Miller Oil Foundation generated $482.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $185.3k during the year ending 12/2021. While expenses have increased by 15.3% 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.
Since 2020, Miller Oil Foundation has awarded 57 individual grants totaling $382,050. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MILLER FOUNDATION GOLF TOURNAMENT TO RAISE FUNDS FOR LOCAL & REGIONAL CHARITABLE ORGANIZATIONS IN THE HAMPTON ROADS AREA
BIKES AND BREWS - ANNUAL BICYCLE RIDE TO RAISE FUNDS FOR LOCAL & REGIONAL CHARITABLE ORGANIZATIONS IN THE HAMPTON ROADS AREA
HEARTS OF HOPE - ANNUAL FEBRUARY FUNDRAISER TO BENEFIT HAMPTON ROADS ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Miller Treasurer | 5 | $0 | |
Jeffrey G Miller President & Chairman | 5 | $0 | |
Wanda Sheffield VP & Community Dev. Chair | 5 | $0 | |
Cazandra Ferguson Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21 |
| Dividends & Interest | $18,598 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $282,774 |
| Capital Gain Net Income | $282,774 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $181,293 |
| Total Revenue | $482,686 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $39,762 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,304 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $390 |
| Printing and publications | $495 |
| Other expenses | $68,665 |
| Total operating and administrative expenses | $110,812 |
| Contributions, gifts, grants paid | $74,460 |
| Total expenses and disbursements | $185,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,068 |
| Savings and temporary cash investments | $61,417 |
| 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 | $1,252,212 |
| Total assets | $1,314,697 |
| 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, Miller Oil Foundation has awarded $74,460 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
SACRED HEART CHURCH PURPOSE: FUNDING FOR SOUP KITCHEN | $10,000 |
Norfolk, VA PURPOSE: COMMUNITY OUTREACH | $7,500 |
FACT FAMILIES OF AUTISTIC CHILDREN PURPOSE: COMMUNITY OUTREACH | $7,000 |
Virginia Beach, VA PURPOSE: COMMUNITY RESOURCES & SUPPORT SERVICES | $6,765 |
Norfolk, VA PURPOSE: YOUTH MENTAL HEALTH EDUCATION & SUICIDE PREVENTION | $5,520 |
Chesapeake, VA PURPOSE: YOUTH EDUCATION AND OUTREACH | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Miller Oil Foundation has recieved totaling $1,913.
| Awarding Organization | Amount |
|---|---|
Williams Mullen Foundation Richmond, VA PURPOSE: SPONSORSHIP OF EVENT | $1,913 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |