Kathryne E Millan Memorial Foundation
Nonprofit profile at a glance
- EIN
- 954859130
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990 2012, Form 990-EZ 2024, Form 990-N 2009
- Location
- Hacienda Heights, CA, USA
- Rating
- 51
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Philanthropy, Charity, Voluntarism Promotion
Reported finances
- Revenue
- $35,554
- Expenses
- $31,827
- Assets
- $38,444
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Frank Millan (Vice President)
- Julie E Millan (President)
People named in this filing
- Frank Millan (Vice President)
- Julie E Millan (President)
- Sally Fenton (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See Schedule O
What it reported doing in 2024
To provide scholarships to qualifying students
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 30
- Transparency & Controls: 82
- Sustainability: 52
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 28.7%; rating input score 29
- Program expense ratio: 32%; rating input score 32
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 10.5%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 1.21; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -14.4% per year; rating input score 0; 22nd percentile among comparable filings
- Revenue growth: -1.9% per year; rating input score 0; 44th percentile among comparable filings
- Asset growth: 4.2% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 28.7% of revenue deployed · 32% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $10K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 29/100.
- Moderate — Financial Efficiency: Program expense ratio scored 32/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.