Gordon & Karen Millner Family Foundation
- Assets
- $1.9m
- Revenue
- $342.9k
- Investments
- $1.9m
- Employees
- 0
- Location
- Highland Park, IL
- Founding
- 06/1995
- Data as of
- 11/2023
- EIN
- 36-3998692
Organization Overview
Gordon & Karen Millner Family Foundation is located in Highland Park, IL. The organization was established in 1995. 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. Gordon & Karen Millner Family 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 11/2023, Gordon & Karen Millner Family Foundation generated $342.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $363.1k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, Gordon & Karen Millner Family Foundation has awarded 26 individual grants totaling $242,945. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Millner Director | 5 | $40,000 | |
Jason Millner Director | 5 | $40,000 | |
Karen M Millner Pres/sec/tre | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $51,393 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $291,506 |
| Capital Gain Net Income | $291,506 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $342,899 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,566 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $120,154 |
| Contributions, gifts, grants paid | $242,945 |
| Total expenses and disbursements | $363,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,114 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $3,585 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $4,640 |
| 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 | $290 |
| Total assets | $1,943,171 |
| 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, Gordon & Karen Millner Family Foundation has awarded $242,945 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: CHARITABLE | $200 |
BBYO PURPOSE: CHARITABLE | $360 |
BEST FRIENDS ANIM SOC PURPOSE: CHARITABLE | $785 |
BREAST CANCER RESEARCH FOUNDATION PURPOSE: CHARITABLE | $2,500 |
CEREBRAL PALSY FOUNDATION PURPOSE: CHARITABLE | $500 |
DONATION GUIDE DOGS PURPOSE: CHARITABLE | $5,000 |