D W Mcmillan Foundation
- Assets
- $25.3m
- Revenue
- $2.6m
- Investments
- $23.9m
- Employees
- 0
- Location
- Brewton, AL
- Founding
- 10/1960
- Data as of
- 12/2023
- EIN
- 63-6044830
Organization Overview
D W Mcmillan Foundation is located in Brewton, AL. The organization was established in 1960. 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. D W Mcmillan 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 12/2023, D W Mcmillan Foundation generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 1.7% per year over the past 5 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 2020, D W Mcmillan Foundation has awarded 284 individual grants totaling $5,545,450. 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 |
|---|---|---|---|
Robert R Smith Jr Trustee | 20 | $26,062 | |
Michael N Hoke III Trustee | 22 | $28,474 | |
Allison R Sinrod Trustee | 24 | $38,119 | |
Daniel W Mcmillan Trustee | 27 | $70,671 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $216,462 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,108,269 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,303,296 |
| Capital Gain Net Income | $1,303,296 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,628,027 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $163,326 |
| Other employee salaries and wages | $46,355 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,720 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,030 |
| Total operating and administrative expenses | $458,111 |
| Contributions, gifts, grants paid | $1,433,350 |
| Total expenses and disbursements | $1,891,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,248 |
| Savings and temporary cash investments | $1,021,162 |
| 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 | $209,111 |
| Total assets | $25,282,510 |
| 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, D W Mcmillan Foundation has awarded $1,433,350 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
ABUNDANT LIFE OUTREACH PURPOSE: TO PROMOTE THE GENERAL WELFARE OF THE POOR OR NEEDY INHABITANTS OF ESCAMBIA COUNTY, ALABAMA AND ESCAMBIA COUNTY, FLORIDA WITHOUT REGARD TO RACE, CREED OR COLOR. | $5,000 |
ALPHA CENTER INC PURPOSE: TO PROMOTE THE GENERAL WELFARE OF THE POOR OR NEEDY INHABITANTS OF ESCAMBIA COUNTY, ALABAMA AND ESCAMBIA COUNTY, FLORIDA WITHOUT REGARD TO RACE, CREED OR COLOR. | $5,000 |
AMERICAN RED CROSS PURPOSE: TO PROMOTE THE GENERAL WELFARE OF THE POOR OR NEEDY INHABITANTS OF ESCAMBIA COUNTY, ALABAMA AND ESCAMBIA COUNTY, FLORIDA WITHOUT REGARD TO RACE, CREED OR COLOR. | $5,000 |
APPLETON VOLUNTEER FIRE DEPARTMENT PURPOSE: TO PROMOTE THE GENERAL WELFARE OF THE POOR OR NEEDY INHABITANTS OF ESCAMBIA COUNTY, ALABAMA AND ESCAMBIA COUNTY, FLORIDA WITHOUT REGARD TO RACE, CREED OR COLOR. | $4,000 |
ARC GATEWAY PURPOSE: TO PROMOTE THE GENERAL WELFARE OF THE POOR OR NEEDY INHABITANTS OF ESCAMBIA COUNTY, ALABAMA AND ESCAMBIA COUNTY, FLORIDA WITHOUT REGARD TO RACE, CREED OR COLOR. | $15,000 |
AUTISM PENSACOLA INC PURPOSE: TO PROMOTE THE GENERAL WELFARE OF THE POOR OR NEEDY INHABITANTS OF ESCAMBIA COUNTY, ALABAMA AND ESCAMBIA COUNTY, FLORIDA WITHOUT REGARD TO RACE, CREED OR COLOR. | $7,500 |