George And Carol Milne Foundation
- Assets
- $9.2m
- Revenue
- $535.5k
- Investments
- $8.7m
- Employees
- 0
- Location
- Boca Grande, FL
- Founding
- 03/2004
- Data as of
- 12/2022
- 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 12/2022, George And Carol Milne Foundation generated $535.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $401.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, George And Carol Milne Foundation has awarded 142 individual grants totaling $2,246,560. 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 | $113,086 |
| Interest on Savings | $0 |
| Dividends & Interest | $265,504 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $139,404 |
| Capital Gain Net Income | $139,404 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,460 |
| Total Revenue | $535,454 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,293 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,372 |
| Total operating and administrative expenses | $103,348 |
| Contributions, gifts, grants paid | $298,033 |
| Total expenses and disbursements | $401,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $446,815 |
| 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 | $2,835,421 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,168,099 |
| 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 $298,033 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
BARRIER ISLAND PARKS SOCIETY PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $50 |
BOCA GRANDE ART ALLIANCE PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $250 |
BOCA GRANDE CHILD CARE CENTER PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $100 |
BOCA GRANDE COMMUNITY CENTER PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $250 |
BOCA GRANDE HEALTH CLINIC PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $5,000 |
BOCA GRANDE HISTORICAL SOCIETY PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $250 |