Miles Family Foundation Inc
- Assets
- $9.8m
- Revenue
- $248.1k
- Investments
- $7.1m
- Employees
- 0
- Location
- Cumming, GA
- Founding
- Data as of
- 12/2022
- EIN
- 87-2706895
Organization Overview
Miles Family Foundation Inc is located in Cumming, GA. 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 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 12/2022, Miles Family Foundation Inc generated $248.1k in total revenue. All expenses for the organization totaled $502.1k during the year ending 12/2022.
Since 2022, Miles Family Foundation Inc has awarded 29 individual grants totaling $363,021. 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 |
|---|---|---|---|
Shannon K Miles President/treasurer | 1 | $0 | |
Bryan D Miles Vp/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $350,000 |
| Interest on Savings | $64,207 |
| Dividends & Interest | $196,513 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$380,865 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,248 |
| Total Revenue | $248,103 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,041 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $59,328 |
| Total operating and administrative expenses | $139,048 |
| Contributions, gifts, grants paid | $363,021 |
| Total expenses and disbursements | $502,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,669,820 |
| 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 | $7,132,777 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,422 |
| Total assets | $9,813,019 |
| 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 | $4,908 |
| Total liabilities | $4,908 |
Grants Awarded
Over the last fiscal year, Miles Family Foundation Inc has awarded $363,021 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ALAQUE ANIMAL REFUGE PURPOSE: ANIMAL PROTECTION | $20,000 |
ALSA GEORGIA CHAPTER PURPOSE: MEDICAL | $1,000 |
AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMAL PURPOSE: ANIMAL PROTECTION | $1,000 |
BIBLE PROJECT PURPOSE: RELIGIOUS | $4,000 |
BROWNS BRIDGE CHURCH (NORTH POINT MINISTRIES) PURPOSE: RELIGIOUS | $42,000 |
CARE FOR AIDS PURPOSE: MEDICAL | $100,000 |