George And Carol Milne Foundation
- Assets
- $9.0m
- Revenue
- $1.7m
- Investments
- $8.6m
- Employees
- 0
- Location
- Boca Grande, FL
- Founding
- 03/2004
- Data as of
- 12/2021
- EIN
- 51-0486900
Organization Overview
George And Carol Milne Foundation is located in Boca Grande, FL. The organization was established in 2004. 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. George And Carol Milne 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 12/2021, George And Carol Milne Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, George And Carol Milne Foundation has awarded 108 individual grants totaling $1,948,527. 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 |
|---|---|---|---|
George M Milne Jr Trustee | 2 | $0 | |
Carol T Milne Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $860,039 |
| Interest on Savings | $0 |
| Dividends & Interest | $218,222 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $650,901 |
| Capital Gain Net Income | $1,300,011 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,893 |
| Total Revenue | $1,738,055 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,198 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,363 |
| Total operating and administrative expenses | $75,818 |
| Contributions, gifts, grants paid | $1,018,566 |
| Total expenses and disbursements | $1,094,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $404,856 |
| Savings and temporary cash investments | $0 |
| 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 | $2,973,026 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,034,026 |
| 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, George And Carol Milne Foundation has awarded $1,018,566 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
MYSTIC MARINELIFE AQUARIUM PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $501,400 |
Wallingford, CT PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $338,833 |
Englewood, FL PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $136,333 |
South Windham, CT PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $12,500 |
OLIN COLLEGE OF ENGINEERING PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $10,000 |
Boca Grande, FL PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |
Thomas W Smith Foundation Boca Raton, FL | $35,370,958 | $23,899,669 |
University Of Central Florida Research Foundation Inc Orlando, FL | $26,737,307 | $16,545,937 |
Wonderful Life Foundation West Palm Beach, FL | $22,652,179 | $19,424,572 |
Thompson-Hartford Foundation Inc Tampa, FL | $0 | $6,094,384 |
Harrell Family Charities Inc Lakeland, FL | $0 | $11,320,223 |
Audrey And Martin Gruss Foundation West Palm Beach, FL | $0 | $7,573,459 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
St2 Foundation Inc Sunny Isles Beach, FL | $11,092,190 | $2,139,284 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |