Mill Neck Foundation INC EIN 11-2497863 Form 990 (PDF) Claim this org

Mill Neck Foundation INC FY2020 filing

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Supports ministries serving deaf and hard of hearing people in the U.S. and worldwide. For fiscal year 2020 it reported $1.4M in revenue, $2.1M in expenses, and $24.4M in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Mill Neck, NY
Website
www.millneck.org
Filings
5 on file (2020–2020)
Revenue
$1.4MFY2020
Expenses
$2.1M
Net assets
$24.4M
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  11-2497863 Public charity (501(c)(3)) Mill Neck, NY
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Supports ministries serving deaf and hard of hearing people in the U.S. and worldwide.
Leadership
Dr Asiah Mason · CEO · $237K
Money in and out
$1.4M revenue, $2.1M expenses
Bottom line
15% program efficiency
Where the money goes · FY2020
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$2.1M
Pt IX · Ln 25
Net assets
$24.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$656K
Where spending went · Part IX cols B–D
Program services $0.15 Management & general $0.64 Fundraising $0.22
Program efficiency
15%
of spending reaches programs
Operating runway
144.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-47%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$1.4M
FY2020
Expenses
$2.1M
FY2020
Total assets
$26.5M
FY2020
Total liabilities
$2.1M
FY2020
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$2.1M
Pt IX · Ln 25
Net assets
$24.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$656K
Total assetsPt X · Ln 16$26.5M
Program-expense ratioPt IX · col B15%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $302K of program spending, described in the organization's own filed words · FY2020.
01

Grants Awarded

Since 1978 the mill neck foundation has granted approximately $8,500,000 to organizations worldwide that provide inclusion opportunities for deaf people in educational, vocational, and religious settings. The foundation has funded programs to train lutheran pastors and lay people to include deaf people in their congregations.

$251Kprogram expense
02

Manor House

Provides tours of the manor house which was the original mill neck manor school for the deaf. The tours not only share the history of the former owner but share information about the school, mill neck services, and the issues facing those who are hearing impaired. The manor house is also used by movie and TV film crews.

$37Kprogram expense
03

Elder Care

The elder care program was developed to assist elderly donors. This began when one of our elderly donors became ill and needed end-of-life care and companionship. Mill neck sent staff to the donor's home as needed. If this situation arises again in the future, we would evaluate if these services were relevant for other donors as well.

$13Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMill Neck Foundation INC
EINHdr · item D11-2497863
Principal addressHdr · item CMill Neck, NY
WebsiteHdr · item Jwww.millneck.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E56I)
Ruling yearIRS BMFJan 1980

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$236,683Pt VII · Sec A
Former President
$169,325Pt VII · Sec A
Director of Business
$47,548Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Interim CEO / Former Director of HR
$0Pt VII · Sec A
$0Pt VII · Sec A

Toula Ramey’s $100K as Director of Development is at the 21st percentile of top reported officer pay among 3116 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Mr Michael F Killian$611,777$169,325
Dr Asiah Mason$252,851$257,182$267,472$236,683
Mary Anne Marman$133,409$47,548
Jeff Neable$121,777
Kevin Thompson$44,467$119,945
William Charon$112,467
Toula Ramey$99,656
Matthew Birn$77,691

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$881K · 63%
Investment income$315K · 23%
Program service revenue$146K · 10%
Other revenue$53K · 4%
Contributions & grants63%$881K
Investment income23%$315K
Program service revenue10%$146K
Other revenue4%$53K
— government grantsLn 1e$359K
Total revenueLn 12$1.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.15 Management & general $0.64 Fundraising $0.22
Program services15%$302K
Management & general64%$1.3M
Fundraising22%$445K
Total functional expensesLn 25$2.1M

Balance Sheet

Part X · end of year
CashLn 1$790K
Total assetsLn 16$26.5M
Total liabilitiesLn 26$2.1M
Total net assetsLn 32$24.4M
Months of cash on handcomputed4.6

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $23.9M · Operating expenses (Pt IX) $2.1M · Less non-cash grants $74K · Cash operating expenses/yr $2.0M
144.8 months
Where the money goes
Program services
Program services $302K · Total expenses $2.1M
15%
Management & General
Management & general $1.3M · Total expenses $2.1M
64%
Fundraising
Fundraising $445K · Total expenses $2.1M
22%
Cost to raise $1
Fundraising expense $445K · Solicited contributions $523K
$0.85 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $881K · Total revenue $1.4M
63%
Government reliance
Government grants $359K · Total revenue $1.4M
26%
Earned-income share
Program service revenue $146K · Total revenue $1.4M
10%
Investment reliance
Investment income $315K · Total revenue $1.4M
+23%
Program self-sufficiency
Program service revenue $146K · Total expenses $2.1M
7%
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $24.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $2.1M
-47%
Liabilities-to-Assets
Total liabilities — · Total assets $26.5M
Net-asset ratio
Net assets $24.4M · Total assets $26.5M
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $23.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $26.5M
87%
People & payroll
Highest Reported Total Compensation
Individual Dr Asiah Mason · Reported title CEO · Highest reported compensation $237K · Total expenses $2.1M
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.3M · Total expenses $2.1M
61%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 15%
Overhead ratio 64%
Fundraising cost ratio 51%
Legal fee ratio 4%
Accounting fee ratio 0.9%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$3K
Grants paid · 1 grant · $251K · 2020–2020

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.4M revenue · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF
FY2022$2.1M revenue · ⤓ 990 PDF
FY2021$2.0M revenue · ⤓ 990 PDF
FY2020$1.4M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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