Paul Millsap Foundation Corp
- Assets
- $74.3k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 47-2449420
Organization Overview
Paul Millsap Foundation Corp is located in Atlanta, GA. The organization was established in 2015. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Paul Millsap Foundation Corp 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 12/2021, Paul Millsap Foundation Corp generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 16.4% 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 2018, Paul Millsap Foundation Corp has awarded 152 individual grants totaling $5,155,701. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bettye Millsap CFO | 5 | $24,000 | |
Paul Millsap CEO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,325,506 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $1,325,506 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $76,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,904 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,928 |
| Total operating and administrative expenses | $130,837 |
| Contributions, gifts, grants paid | $1,271,337 |
| Total expenses and disbursements | $1,402,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,314 |
| Savings and temporary cash investments | $1,954 |
| 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 | $74,268 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $57,536 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,193 |
| Total liabilities | $61,729 |
Grants Awarded
Over the last fiscal year, Paul Millsap Foundation Corp has awarded $1,271,337 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CORE4 LLC PURPOSE: TO PROVIDE SCHOLARSHIP FUND FOR STUDENTS WITH FINANCIAL NEED | $1,135,000 |
AAU BASKETBALL PURPOSE: TO PROVIDE SCHOLARSHIP FUND FOR STUDENTS WITH FINANCIAL NEED | $48,500 |
Monroe, LA PURPOSE: FOR TUITION ASSISTANCE | $18,915 |
Atlanta, GA PURPOSE: BACK TO SCHOOL AND SPECIAL NEED SUPPORTS | $7,500 |
US DEPARTMENT OF EDUCATION PURPOSE: FOR STUDENT LOAN PAYOFF ASSISTANCE | $7,252 |
SALT LAKE COMMUNITY COLLEGE PURPOSE: TO PROVIDE SCHOLARSHIP FUND FOR STUDENTS WITH FINANCIAL NEED | $6,536 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Paul Millsap Foundation Corp has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
National Basketball Players Assoc Foundation New York, NY PURPOSE: TO SUPPORT YOUTH SPORTS PROGRAMS AND OTHER CHARITABLE PURPOSES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
State Employees Credit Union Foundation Raleigh, NC | $54,794,768 | $18,518,126 |
Ichauway Inc Newton, GA | $38,010,143 | $29,470,336 |
Elevate Prize Foundation Inc Miami, FL | $25,599,159 | $21,836,715 |
Desai Sethi Foundation Inc miami, FL | $167,397,052 | $1,318,684 |
Campbell Young Leaders Inc Greenville, SC | $34,637,987 | $7,007,042 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Malone Family Land Preservation Foundation Hobe Sound, FL | $131,481,954 | $946,463 |
Moore Farms Botanical Garden Foundation Lake City, SC | $7,988,392 | $2,099,445 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Worthington Scholarship Foundation Naples, FL | $12,065,797 | $5,368,981 |
The Switzer Family Foundation Inc St Petersburg, FL | $0 | $574,920 |
Bangladesh American Society Of Muslim Aid For Humanity Inc Boca Raton, FL | $701,948 | $2,077,483 |