The Matthew Korn And Cynthia Miller Family Foundation Inc
- Assets
- $4.0m
- Revenue
- $203.5k
- Investments
- $3.9m
- Employees
- 0
- Location
- McLean, VA
- Founding
- 01/2008
- Data as of
- 11/2023
- EIN
- 84-1721572
Organization Overview
The Matthew Korn And Cynthia Miller Family Foundation Inc is located in McLean, VA. The organization was established in 2008. 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. Matthew Korn And Cynthia Miller Family 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 11/2023, Matthew Korn And Cynthia Miller Family Foundation Inc generated $203.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.9% each year . All expenses for the organization totaled $280.3k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Matthew Korn And Cynthia Miller Family Foundation Inc has awarded 66 individual grants totaling $895,113. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Korn Pres & Treasurer | 5 | $0 | |
Cynthia Miller VP & Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $171 |
| Dividends & Interest | $92,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $111,331 |
| Capital Gain Net Income | $111,331 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $203,528 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,615 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $30,238 |
| Contributions, gifts, grants paid | $250,056 |
| Total expenses and disbursements | $280,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$5,992 |
| Savings and temporary cash investments | $60,292 |
| 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 | $666 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,968,863 |
| Accounts payable and accrued expenses | $3,633 |
| 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 | $3,633 |
Grants Awarded
Over the last fiscal year, The Matthew Korn And Cynthia Miller Family Foundation Inc has awarded $250,056 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
WOLF TRAP FOUNDATION FOR THE PERFORMING ARTS PURPOSE: TO SUPPORT THE WOLF TRAP FOUNDATION CAPITAL CAMPAIGN FOR RENOVATION AND MODERNIZATION OF PERFORMING ARTS FACILITIES. | $200,000 |
WOLF TRAP FOUNDATION FOR THE PERFORMING ARTS PURPOSE: TO SUPPORT THE WOLF TRAP FOUNDATION GENERAL OPERATING FUND. | $1,000 |
NORTHERN VIRGINIA SCIENCE CENTER FOUNDATION PURPOSE: TO SUPPORT A CENTER THAT PROVIDES HANDS-ON ACTIVITIES PROMOTING A LOVE OF SCIENCE TECHNOLOGY ENGINEERING AND MATH STEM FOR CHILDREN. | $2,000 |
TEMPLE RODEF SHALOM PURPOSE: TO SUPPORT RELIGIOUS EDUCATION AND ADVOCACY PROGRAMS AND PROVIDE SUPPORT FOR LOW-INCOME FAMILIES. | $16,947 |
ANTI-DEFAMATION LEAGUE PURPOSE: TO OPPOSE DEFAMATION AND SECURE JUSTICE AND FAIR TREATMENT FOR ALL. | $180 |
UNIVERSITY OF WISCONSIN FOUNDATION PURPOSE: TO SUPPORT COMPUTER SCIENCES DEPARTMENT EDUCATION PROGRAMS. | $1,000 |