Philip S Miller Charitable Trust
- Assets
- $29.0m
- Revenue
- $1.1m
- Investments
- $28.8m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 09/1996
- Data as of
- 12/2022
- EIN
- 84-6290472
Organization Overview
Philip S Miller Charitable Trust is located in Milwaukee, WI. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Philip S Miller Charitable Trust 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 12/2022, Philip S Miller Charitable Trust generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Philip S Miller Charitable Trust has awarded 57 individual grants totaling $10,040,427. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $781,663 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $321,090 |
| Capital Gain Net Income | $321,090 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,645 |
| Total Revenue | $1,122,398 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $210,882 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,042 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,599 |
| Total operating and administrative expenses | $296,097 |
| Contributions, gifts, grants paid | $1,320,000 |
| Total expenses and disbursements | $1,616,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $176,161 |
| 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 | $5,816,315 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,786 |
| Total assets | $29,009,186 |
| 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, Philip S Miller Charitable Trust has awarded $1,320,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF CASTLE ROCK PURPOSE: GENERAL OPERATING | $240,000 |
SHRINERS HOSPITALS FOR CHILDREN PURPOSE: GENERAL OPERATING | $240,000 |
CHILDRENS HOSPITAL FOUNDATION PURPOSE: GENERAL OPERATING | $240,000 |
DOUGLAS COUNTY FAIR FOUNDATION PURPOSE: GENERAL OPERATING | $24,000 |
DOUGLAS COUNTY LIBRARY PURPOSE: GENERAL OPERATING | $120,000 |
DOUGLAS COUNTY 4-H COUNCIL PURPOSE: GENERAL OPERATING | $24,000 |