Miles Educational Foundation 7950-41 Nect
- Assets
- $731.7k
- Revenue
- $232.1k
- Investments
- $714.6k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 01/1900
- Data as of
- 12/2021
- EIN
- 43-6072185
Organization Overview
Miles Educational Foundation 7950-41 Nect is located in Milwaukee, WI. The organization was established in 1900. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2021, Miles Educational Foundation 7950-41 Nect generated $232.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $56.5k during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 7 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.
Since 2016, Miles Educational Foundation 7950-41 Nect has awarded 37 individual grants totaling $166,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,441 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $216,309 |
| Capital Gain Net Income | $216,309 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $388 |
| Total Revenue | $232,138 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,753 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $217 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,470 |
| Contributions, gifts, grants paid | $42,000 |
| Total expenses and disbursements | $56,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,712 |
| 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 | $224,754 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $370 |
| Total assets | $731,725 |
| 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, Miles Educational Foundation 7950-41 Nect has awarded $42,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MISSOURI - COLUMBIA PURPOSE: SCHOLARSHIP | $14,000 |
Cape Girardeau, MO PURPOSE: SCHOLARSHIP | $10,500 |
ARKANSAS STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $7,000 |
THREE RIVERS COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $3,500 |
Springfield, MO PURPOSE: SCHOLARSHIP | $3,500 |
NORTH ARKANSAS COLLEGE PURPOSE: SCHOLARSHIPS | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Schools International Insurance Plan And Trust Fund Grandville, MI | $5,188,497 | $9,699,281 |
Saginaw Valley State University Foundation University Center, MI | $94,804,323 | $8,609,845 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Blanche Ebert Seaver Trust For Frank R Seaver College Chicago, IL | $130,613,951 | $5,090,055 |
Detroit Public Schools Foundation Detroit, MI | $5,212,797 | $6,732,219 |
William Rainey Harper College Educational Foundation Palatine, IL | $50,154,930 | $4,699,112 |
Rochelle Zell Jewish High School Deerfield, IL | $17,970,776 | $8,473,073 |
Iowa State University Research Park Corp Ames, IA | $68,199,725 | $11,124,615 |
Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
University Gateway Corporation Minneapolis, MN | $78,655,248 | $6,023,242 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |