The Miles Foundation Inc
- Assets
- $60.0m
- Revenue
- $9.7m
- Investments
- $54.1m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 01/2000
- Data as of
- 12/2021
- EIN
- 75-2739180
Organization Overview
The Miles Foundation Inc is located in Fort Worth, TX. The organization was established in 2000. 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. Miles 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 12/2021, Miles Foundation Inc generated $9.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 0.2% 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 2018, Miles Foundation Inc has awarded 270 individual grants totaling $11,916,602. 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 |
|---|---|---|---|
C Grant Coates Ceo/director | 40 | $275,000 | |
Sara Redington Director Of Communic | 40 | $151,380 | |
Tanner Hodges Financial Analyst | 40 | $94,500 | |
Kate Wisniewski Director Of Programs | 25 | $92,500 | |
Lauren Jancoski Executive Assistant | 40 | $69,000 | |
Jack L Burdett Chairman | 5 | $20,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Merrill Lynch | 12/30/21 | $109,940 |
Mcr Capital Advisors Corporation | 12/30/21 | $144,000 |
Jared P Harrell | 12/30/21 | $80,520 |
Michael Ball Realty Corporation | 12/30/21 | $54,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $409,408 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,514,245 |
| Capital Gain Net Income | $5,514,329 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,745,107 |
| Total Revenue | $9,668,760 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $315,000 |
| Other employee salaries and wages | $584,880 |
| Pension plans, employee benefits | $102,040 |
| Interest | $38,644 |
| Taxes | $258,138 |
| Depreciation | $0 |
| Occupancy | $137,174 |
| Travel, conferences, and meetings | $62,067 |
| Printing and publications | $0 |
| Other expenses | $380,842 |
| Total operating and administrative expenses | $2,456,704 |
| Contributions, gifts, grants paid | $2,340,501 |
| Total expenses and disbursements | $4,797,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100,377 |
| Savings and temporary cash investments | $567,963 |
| 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 | $4,052,844 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $37,451,295 |
| Net Land, buildings, and equipment | $115,693 |
| Other assets | $50,000 |
| Total assets | $60,008,223 |
| 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 | $3,489,012 |
| Total liabilities | $3,489,012 |
Grants Awarded
Over the last fiscal year, The Miles Foundation Inc has awarded $2,340,501 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Worth, TX PURPOSE: 2021 BEST PLACE 4 KIDS! SUPPORT | $565,101 |
STAND TOGETHER FOUNDATION PURPOSE: GENERAL OPERATIONS | $200,000 |
Alexandria, VA PURPOSE: 2021 CONTRIBUTION TO TRIO FUND | $150,000 |
Austin, TX PURPOSE: EDUCATION FREEDOM AND LITIGATION INITIATIVES | $150,000 |
Alexandria, VA PURPOSE: GENERAL OPERATIONS | $100,000 |
Alexandria, VA PURPOSE: PART III OF III GENERAL OPERATING COMMITMENT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |