James Millikin Trust A
- Assets
- $16.9m
- Revenue
- $946.4k
- Investments
- $16.5m
- Employees
- 0
- Location
- Decatur, IL
- Founding
- 02/1939
- Data as of
- 12/2023
- EIN
- 37-0661226
Organization Overview
James Millikin Trust A is located in Decatur, IL. The organization was established in 1939. 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. James Millikin Trust A 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, James Millikin Trust A generated $946.4k 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 (3.8%) each year. All expenses for the organization totaled $947.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, James Millikin Trust A has awarded 101 individual grants totaling $5,649,386. 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 |
|---|---|---|---|
Edward Elliott Trustee | 1 | $8,400 | |
Lucy Murphy Trustee | 1 | $3,750 | |
David Tyrolt Trustee | 1 | $9,000 | |
Sam Johnson Trustee | 1 | $8,550 | |
Dan Mcguire Trustee | 1 | $9,000 | |
Dana Ray Trustee | 1 | $5,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $193 |
| Dividends & Interest | $463,527 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $482,634 |
| Capital Gain Net Income | $482,634 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $946,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $43,950 |
| 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 | $83,514 |
| Total operating and administrative expenses | $153,154 |
| Contributions, gifts, grants paid | $794,738 |
| Total expenses and disbursements | $947,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $459,106 |
| 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 | $16,465,312 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,924,418 |
| 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, James Millikin Trust A has awarded $794,738 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
MILLIKIN UNIVERSITY PURPOSE: CHARITABLE/EDUCATIONAL | $260,000 |
RICHLAND COMMUNITY COLLEGE PURPOSE: CHARITABLE/EDUCATIONAL | $115,000 |
UNITED WAY OF MACON COUNTY PURPOSE: CHARITABLE/EDUCATIONAL | $25,000 |
GOOD SAMARITAN INN PURPOSE: CHARITABLE/EDUCATIONAL | $9,000 |
DECATUR SCHOOL DIST PURPOSE: CHARITABLE/EDUCATIONAL | $115,488 |
NORTHEAST COMMUNITY FUND PURPOSE: CHARITABLE/EDUCATIONAL | $9,000 |