Milkey Family Foundation Inc
- Assets
- $6.7m
- Revenue
- $2.5m
- Investments
- $6.6m
- Employees
- 0
- Location
- St Pete Beach, FL
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 47-4814419
Organization Overview
Milkey Family Foundation Inc is located in St Pete Beach, FL. The organization was established in 2015. 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. Milkey Family 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 12/2021, Milkey Family Foundation Inc generated $2.5m in total revenue. All expenses for the organization totaled $1.6m during the year ending 12/2021.
Since 2015, Milkey Family Foundation Inc has awarded 90 individual grants totaling $5,733,112. 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
THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER THE SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE BUSINES ACTIVITY AND PURPOSE OF THE FOUNDATION IS TO RAISE MONEY AND DONATE TO LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Robert Milkey President | 0 | $0 | |
Jeanne Horning Milkey Sec., Treas. | 0 | $0 | |
Jackson Robert Milkey Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200 |
| Interest on Savings | $6 |
| Dividends & Interest | $92,698 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,441,457 |
| Capital Gain Net Income | $2,441,457 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,534,361 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,706 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,413 |
| Total operating and administrative expenses | $34,819 |
| Contributions, gifts, grants paid | $1,603,500 |
| Total expenses and disbursements | $1,638,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,052 |
| Savings and temporary cash investments | $82,430 |
| 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 | $6,578,444 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,673,926 |
| 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, Milkey Family Foundation Inc has awarded $1,603,500 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
Tampa, FL PURPOSE: CHARITY | $358,500 |
TAMPA BAY WATCH PURPOSE: CHARITY | $252,000 |
DR CARTER G WOODSON AFRICAN AMERICAN HISTORY MUSEUM PURPOSE: CHARITY | $250,000 |
St Petersburg, FL PURPOSE: CHARITY | $100,000 |
Largo, FL PURPOSE: CHARITY | $100,000 |
AMERICAN RED CROSS PURPOSE: CHARITY | $70,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |
The Gary W Rollins Foundation Atlanta, GA | $72,624,629 | $27,015,806 |
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL | $0 | $7,841,898 |