Susan And Scot Milchman Family Foundation
- Assets
- $5.0m
- Revenue
- $109.4k
- Investments
- $5.0m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- Data as of
- 12/2022
- EIN
- 85-4096057
Organization Overview
Susan And Scot Milchman Family Foundation is located in Minneapolis, MN. 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. Susan And Scot Milchman Family 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 12/2022, Susan And Scot Milchman Family Foundation generated $109.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (72.1%) each year. All expenses for the organization totaled $114.1k during the year ending 12/2022. 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 |
|---|---|---|---|
Susan H Milchman President/asst Secretary & Treasurer | 1 | $0 | |
Scot J Milchman Vice President/secretary/treasurer | 1 | $0 | |
Brian O'connell Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $324 |
| Dividends & Interest | $91,372 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,595 |
| Capital Gain Net Income | $7,595 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,074 |
| Total Revenue | $109,365 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $29,131 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $114,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,971 |
| Savings and temporary cash investments | $0 |
| 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 | $1,300,080 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,040,543 |
| 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, Susan And Scot Milchman Family Foundation has awarded $85,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PET PROJECT RESCUE PURPOSE: PROGRAM SUPPORT THAT SPECIALIZES IN SPAY/NEUTER PROGRAMMING FROM MINNESOTA TO MEXICO, AND VET SUPPORT TO KEEP ANIMALS AND THEIR PEOPLE TOGETHER, AS WELL AS FOSTER-BASED HOSPICE CARE FOR TERMINALLY ILL MN DOGS AND CATS | $10,000 |
PLAYA ANIMAL RESCUE PURPOSE: PROGRAM SUPPORT TO PROVIDE A SOLUTION FOR DOGS WHO HAVE BEEN BORN ON THE STREET, OR ABANDONED BY THEIR OWNERS. | $50,000 |
SALVATION ARMY TWIN CITIES PURPOSE: PROGRAM SUPPORT FOR THE MISSION TO PREACH THE GOSPEL OF JESUS CHRIST AND TO MEET HUMAN NEEDS IN HIS NAME WITHOUT DISCRIMINATION | $25,000 |