Earl B & Loraine H Miller Fdn
- Assets
- $29.8m
- Revenue
- $2.0m
- Investments
- $26.3m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 10/1967
- Data as of
- 06/2023
- EIN
- 95-2500545
Organization Overview
Earl B & Loraine H Miller Fdn is located in Long Beach, CA. The organization was established in 1967. 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. Earl B & Loraine H Miller Fdn 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 06/2023, Earl B & Loraine H Miller Fdn generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $3.0m during the year ending 06/2023. While expenses have increased by 4.5% per year over the past 4 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 2021, Earl B & Loraine H Miller Fdn has awarded 500 individual grants totaling $12,008,187. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darick J Simpson President | 40 | $189,583 | |
Ron R Arias Chair Of The Board | 1 | $0 | |
Margaret Farwell Smith Secretary | 1 | $0 | |
Mark Schulten Chief Investment Officer | 1 | $0 | |
Randy Mizer Vice Chair Of The Board | 1 | $0 | |
Renita Smith Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aristotle Investments | 6/29/22 | $55,628 |
Verus Investments | 6/29/22 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,929 |
| Dividends & Interest | $863,364 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,112,892 |
| Capital Gain Net Income | $1,161,527 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $68,522 |
| Total Revenue | $2,047,707 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $189,583 |
| Other employee salaries and wages | $49,636 |
| Pension plans, employee benefits | $18,283 |
| Interest | $0 |
| Taxes | $41,673 |
| Depreciation | $0 |
| Occupancy | $41,250 |
| Travel, conferences, and meetings | $7,370 |
| Printing and publications | $714 |
| Other expenses | $32,363 |
| Total operating and administrative expenses | $567,126 |
| Contributions, gifts, grants paid | $2,453,401 |
| Total expenses and disbursements | $3,020,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,494,279 |
| 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 | $1,458,566 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $29,831,542 |
| 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, Earl B & Loraine H Miller Fdn has awarded $4,564,607 in support to 169 organizations.
| Grant Recipient | Amount |
|---|---|
ABLE ARTS WORK PURPOSE: 2022/23 ANNUAL GRANT AWARD/HEALTH & WELLNESS CLINIC | $22,000 |
AACCLB PURPOSE: TRUSTEE-DIRECTED GRANTS FOR YOUTH PROGRAMMING | $1,450 |
ACT OUT THEATRE COMPANY PURPOSE: 2023 10TH ANNIVERSARY GALA | $500 |
AFRICAN AMERICAN CULTURAL CENTER PURPOSE: LONG BEACH GIVES CAMPAIGN | $107 |
ADVENTURES TO DREAMS ENRICHMENT PURPOSE: TRUSTEE-DIRECTED GRANTS FOR YOUTH PROGRAMMING | $2,900 |
ABILITY FIRST PURPOSE: 2022/23 ANNUAL GRANT AWARD/AFTERSCHOOL PROGRAM | $35,000 |