Seth Milliken Foundation Inc
- Assets
- $4.6m
- Revenue
- $444.4k
- Investments
- $4.5m
- Employees
- 0
- Location
- Spartanburg, SC
- Founding
- 08/1972
- Data as of
- 09/2021
- EIN
- 23-7213940
Organization Overview
Seth Milliken Foundation Inc is located in Spartanburg, SC. The organization was established in 1972. 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. Seth Milliken Foundation 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 09/2021, Seth Milliken Foundation Inc generated $444.4k 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 (13.7%) each year. All expenses for the organization totaled $290.7k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justine Vr Russell Trustee & President | 0.1 | $0 | |
Nancy Milliken Trustee & Vice President | 0.1 | $0 | |
Thomas J Hamilton Secretary & Treasurer | 0.1 | $0 | |
Betty Montgomery Trustee | 0.1 | $0 | |
Dorothy Josey Trustee | 0.1 | $0 | |
William Barnet Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $95,092 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $349,111 |
| Capital Gain Net Income | $348,358 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $210 |
| Total Revenue | $444,413 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,777 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,342 |
| Total operating and administrative expenses | $40,678 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $290,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,185 |
| Savings and temporary cash investments | $0 |
| 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 | $1,305,991 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,631,366 |
| 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 |
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Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |