K R And Laura Miller Foundation
- Assets
- $4.6m
- Revenue
- $1.9m
- Investments
- $2.8m
- Employees
- 0
- Location
- Edna, TX
- Founding
- 12/2000
- Data as of
- 12/2021
- EIN
- 74-2941588
Organization Overview
K R And Laura Miller Foundation is located in Edna, TX. The organization was established in 2000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. K R And Laura Miller 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, K R And Laura Miller Foundation generated $1.9m in total revenue. All expenses for the organization totaled $346.4k during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 4 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, K R And Laura Miller Foundation has awarded 25 individual grants totaling $507,746. 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
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrell Sklar Trustee | 3 | $6,500 | |
Michael Maraggia Trustee | 2 | $6,500 | |
Kim M Smith Trustee | 2 | $6,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31 |
| Dividends & Interest | $62,802 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,795,355 |
| Capital Gain Net Income | $1,795,355 |
| Net ST Capital Gain | $52 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,863 |
| Total Revenue | $1,932,794 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,490 |
| Depreciation | $8,032 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,438 |
| Total operating and administrative expenses | $98,015 |
| Contributions, gifts, grants paid | $248,346 |
| Total expenses and disbursements | $346,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $439,611 |
| Savings and temporary cash investments | $335,756 |
| 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 | $347 |
| Net Investments - land, buildings, equipment | $1,023,802 |
| Investments—mortgage loans | $125,000 |
| Investments—other | $479,652 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3 |
| Total assets | $4,614,638 |
| Accounts payable and accrued expenses | $23,448 |
| 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 | $23,448 |
Grants Awarded
Over the last fiscal year, K R And Laura Miller Foundation has awarded $248,346 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
DACOSTA HERMANN SONS PURPOSE: CAPITAL IMPROVEMENTS | $35,000 |
VANDERBILT BAPTIST CHURCH PURPOSE: CAPITAL IMPROVEMENTS | $35,000 |
LITTLE FLOWER COUNCIL NO 3421 PURPOSE: CAPITAL IMPROVEMENTS | $28,930 |
Victoria, TX PURPOSE: MEDICAL EQUIPMENT PURCHASE SUPPORT | $25,000 |
Inez, TX PURPOSE: CAPITAL IMPROVEMENTS | $25,000 |
Inez, TX PURPOSE: OPERATIONAL SUPPORT AND CAPITAL IMPROVEMENTS | $23,716 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Walton Family Charitable Support Foundation Inc Bentonville, AR | $1,144,906,373 | $82,175,150 |
J A & Leta M Chapman Charitable Tr Tulsa, OK | $1,004,993,686 | $116,236,869 |
Leta Mcfarlin Chapman Memorial Tr Tulsa, OK | $288,782,253 | $9,376,594 |
Nancy Ann Hunt Foundation Dallas, TX | $31,623,544 | $3,101,295 |
Don & Sybil Harrington Foundation Amarillo, TX | $137,610,156 | $21,691,315 |
John G Kenedy Jr Charitable Trust San Antonio, TX | $156,709,366 | $16,142,301 |
Bnsf Foundation Fort Worth, TX | $5,580,534 | $10,145,505 |
Walter S & Evan C Jones Trust Bank Iv Kansas Na Ttee Dallas, TX | $63,158,301 | $11,519,606 |
Thomas M & Helen Mckee & John P Ryan Foundation Inc Fort Worth, TX | $135,188,288 | $6,250,331 |
Charles G Woodward Tr Uw Dallas, TX | $129,576,152 | $18,439,245 |
John G Kenedy Jr Charitable Tr -Surface Estate Tr San Antonio, TX | $47,111,872 | $10,559,440 |
Mccombs Enterprises Flexible Benefit Cafeteria Plan & Trust San Antonio, TX | $5,330,904 | $6,919,349 |