Milman-Kover Family Charitable Foundation Trust
- Assets
- $1.0m
- Revenue
- $19.1k
- Investments
- $960.6k
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 01/2011
- Data as of
- 12/2023
- EIN
- 27-3980980
Organization Overview
Milman-Kover Family Charitable Foundation Trust is located in Sarasota, FL. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Milman-Kover Family Charitable Foundation Trust 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 12/2023, Milman-Kover Family Charitable Foundation Trust generated $19.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $131.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Milman-Kover Family Charitable Foundation Trust has awarded 32 individual grants totaling $381,721. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $279 |
| Dividends & Interest | $19,343 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$527 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,095 |
| 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 | $80 |
| Total operating and administrative expenses | $1,280 |
| Contributions, gifts, grants paid | $130,000 |
| Total expenses and disbursements | $131,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2 |
| Savings and temporary cash investments | $67,494 |
| 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 | $1,028,122 |
| 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 | $5,479 |
| Total liabilities | $5,479 |
Grants Awarded
Over the last fiscal year, Milman-Kover Family Charitable Foundation Trust has awarded $130,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FEDERATION OF SARASOTA MANATEE PURPOSE: GENERAL CHARITY | $5,000 |
SARASOTO MEMORIAL HC FUND PURPOSE: GENERAL | $125,000 |