Wendell W Mcmillen Foundation
- Assets
- $470.4k
- Revenue
- $18.1k
- Investments
- $151.0k
- Employees
- 0
- Location
- Sheffield, PA
- Founding
- 07/1958
- Data as of
- 03/2022
- EIN
- 25-6060174
Organization Overview
Wendell W Mcmillen Foundation is located in Sheffield, PA. The organization was established in 1958. 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. Wendell W Mcmillen 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 03/2022, Wendell W Mcmillen Foundation generated $18.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $70.2k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wendell W Mcmillen Foundation has awarded 97 individual grants totaling $231,650. 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
PROVIDING EDUCATION LOANS TO INDIVIDUALS FOR COLLEGE OR TECHNICAL EDUCATION TO USE FOR TUITUTION, FEES, AND OTHER EDUCATION COSTS DURING THE FISCAL YEAR APRIL 1, 2021 TO MARCH 31, 2022
PROVIDING EDUCATION AWARDS TO INDIVIDUALS FOR POST SECONDARY EDUCATION TO USE FOR TUITION, FEES, AND OTHER EDUCATION COSTS DURING THE FISCAL YEAR APRIL 1, 2021 TO MARCH 31, 2022
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James W Mcmillen Director/trustee | 3 | $400 | |
Joyce E Olson Director/trustee | 3 | $400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $12,249 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $15,309 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,807 |
| Total Revenue | $18,058 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,366 |
| Total operating and administrative expenses | $33,367 |
| Contributions, gifts, grants paid | $36,800 |
| Total expenses and disbursements | $70,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,785 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $316,586 |
| 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 | $470,404 |
| 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, Wendell W Mcmillen Foundation has awarded $36,800 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
MADISYN ECKLUND PURPOSE: EDUCATION LOANS | $4,000 |
KAMERON ORINKO PURPOSE: EDUCATION LOANS | $3,600 |
GAGE LABESKY PURPOSE: EDUCATION LOAN | $3,000 |
ABIGAIL WATERMAN PURPOSE: EDUCATION LOANS | $3,000 |
ANNABEL SHELDON PURPOSE: EDUCATION LOANS | $3,000 |
SCOTTLYN BARR PURPOSE: EDUCATION LOANS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
Head & Heart Foundation Tr Wilmington, DE | $258,907,072 | $16,871,801 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |