The Millison Foundation Inc
- Assets
- $211.8k
- Revenue
- $22.9k
- Investments
- $200.0k
- Employees
- 0
- Location
- Lexington Park, MD
- Founding
- 01/2008
- Data as of
- 12/2022
- EIN
- 30-0448766
Organization Overview
The Millison Foundation Inc is located in Lexington Park, MD. The organization was established in 2008. 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. Millison 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 12/2022, Millison Foundation Inc generated $22.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $14.8k during the year ending 12/2022. While expenses have increased by 8.2% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachelle Millison President/treasurer/direct | 0 | $0 | |
Jane D Carroll Secretary/director | 0 | $0 | |
Eugene L Kopp Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,923 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,923 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $76 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $76 |
| Contributions, gifts, grants paid | $14,750 |
| Total expenses and disbursements | $14,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,797 |
| 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 | $200,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $211,797 |
| 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, The Millison Foundation Inc has awarded $14,750 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SOMD VACATIONS FOR VETS PURPOSE: GENERAL PURPOSE | $250 |
INTERNATIONAL RESCUE COMMITTEE PURPOSE: GENERAL PURPOSE | $500 |
AMERICAN RED CROSS PURPOSE: GENERAL PURPOSE | $5,000 |
INTERNATIONAL FUND FOR ANIMAL WELFARE PURPOSE: GENERAL PURPOSE | $500 |
HADASSAH PURPOSE: GENERAL PURPOSE | $1,000 |
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL PURPOSE | $500 |