Mill Foundation Ltd
- Assets
- $4.4m
- Revenue
- $2.3m
- Investments
- $1.8m
- Employees
- 0
- Location
- Burlington, VT
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 20-1957778
Organization Overview
Mill Foundation Ltd is located in Burlington, VT. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Mill Foundation Ltd 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 12/2022, Mill Foundation Ltd generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $695.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mill Foundation Ltd has awarded 137 individual grants totaling $2,963,472. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Carpenter President | 0.3 | $0 | |
Carolyn Wright Treasurer | 0.3 | $0 | |
George Carpenter Director | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,771,920 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,578 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $494,159 |
| Capital Gain Net Income | $1,973,469 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,311,657 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $35,385 |
| Contributions, gifts, grants paid | $660,000 |
| Total expenses and disbursements | $695,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,634,651 |
| 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 | $4,448,084 |
| 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, Mill Foundation Ltd has awarded $660,000 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKS SCHOOL PURPOSE: GENERAL SUPPORT | $5,000 |
CHILL FOUNDATION PURPOSE: GENERAL SUPPORT | $100,000 |
CHAMPLAIN COLLEGE PURPOSE: GENERAL SUPPORT | $5,000 |
DARTMOUTH-HITCHCOCK ANNUAL FUND PURPOSE: GENERAL SUPPORT | $50,000 |
PREVENT CHILD ABUSE VERMONT PURPOSE: GENERAL SUPPORT | $50,000 |
PROTECT OUR WINTERS PURPOSE: GENERAL SUPPORT | $100,000 |