Bruce Mcmillan Jr Foundation Inc
- Assets
- $0.0
- Revenue
- $1.1m
- Investments
- $19.1m
- Employees
- 0
- Location
- Overton, TX
- Founding
- 12/1952
- Data as of
- 06/2021
- EIN
- 75-0945924
Organization Overview
Bruce Mcmillan Jr Foundation Inc is located in Overton, TX. The organization was established in 1952. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bruce Mcmillan Jr 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 06/2021, Bruce Mcmillan Jr Foundation Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 4.0% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Roach Sec/asst Treas | 40 | $70,119 | |
Todd Meadows Pres/treas/dir | 40 | $63,200 | |
Rogers Pope Jr Vice Chairman | 2 | $0 | |
Tyree Collier Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $76,012 |
| Dividends & Interest | $320,952 |
| Profit on Inventory Sales | $0 |
| Other Income | $140,334 |
| Total Revenue | $1,055,125 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $177,806 |
| Pension plans, employee benefits | $0 |
| Depreciation | $86,866 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $525,561 |
| Contributions, gifts, grants paid | $641,375 |
| Total expenses and disbursements | $1,166,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $504,997 |
| Other assets | $8,998 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |
Abell-Hanger Foundation Midland, TX | $130,201,135 | $12,262,823 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |