Milvet EIN 37-1841663

Milvet

EIN  37-1841663 Public charity (501(c)(3)) Murrieta, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Supports active-duty military members, veterans, and their families.
Leadership
Raven Hilden · CEO
Money in and out
$237K revenue, $194K expenses
Bottom line
45% program efficiency

Supports active-duty military members, veterans, and their families. For fiscal year 2025 it reported $237K in revenue, $194K in expenses, and $105K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$237K
Pt VIII · Ln 12
Total expenses
$194K
Pt IX · Ln 25
Net assets
$105K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $42K
Where spending went · Part IX cols B–D
Program services $0.45 Management & general $0.47 Fundraising $0.08
Program efficiency
45%
of spending reaches programs
Operating runway
6.5mo
months of highly liquid reserves at operating expense rate▲ +20% vs prior filing year
Surplus margin
+18%
revenue over expenses, this year▲ +415% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$237K
FY2025▲ +63%
Total revenue
$237K
Pt VIII · Ln 12
Total expenses
$194K
Pt IX · Ln 25
Net assets
$105K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$42K
Total assetsPt X · Ln 16$105K
Program-expense ratioPt IX · col B45%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $88K of program spending, described in the organization's own filed words · FY2025.
01

MilVets primary program service is the assembly and shipment of care packages to deployed military service members. These packages are carefully curated to include essential items snacks personal care products and notes of gratitude from supporters.

$43Kprogram expense
02

The program provides crucial support through a weekly food and household pantry offering essential items to those in need. Additionally it assists individuals in accessing benefits and provides financial aid to help alleviate immediate financial burdens.

$37Kprogram expense
03

The program provides vital support during the holiday season to children from military families. It ensures these children receive gifts fostering joy and a sense of normalcy during what can be a challenging time.

$8Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMilvet
EINHdr · item D37-1841663
Principal addressHdr · item CMurrieta, CA
WebsiteHdr · item Jwww.milvet.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFDec 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$228K · 96%
Other revenue$9K · 4%
Contributions & grants96%$228K
Other revenue4%$9K
— government grantsLn 1e$10K
Total revenueLn 12$237K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.45 Management & general $0.47 Fundraising $0.08
Program services45%$88K
Management & general47%$92K
Fundraising8%$15K
Total functional expensesLn 25$194K

Balance Sheet

Part X · end of year
CashLn 1$105K
Total assetsLn 16$105K
Total liabilitiesLn 26$0
Total net assetsLn 32$105K
Months of cash on handcomputed6.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $105K · Operating expenses/yr $194K
6.5 months
Where the money goes
Program services
Program services $88K · Total expenses $194K
45%
Management & General
Management & general $92K · Total expenses $194K
47%
Fundraising
Fundraising $15K · Total expenses $194K
8%
Cost to raise $1
Fundraising expense $15K · Solicited contributions $218K
$0.07 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $228K · Total revenue $237K
96%
Government reliance
Government grants $10K · Total revenue $237K
4%
Earned-income share
Program service revenue $0 · Total revenue $237K
0%
Investment reliance
Investment income $0 · Total revenue $237K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $194K
0%
Growth & trend
Revenue growth (YoY)
This year $237K · Prior year $146K
+63%
Revenue CAGR
FY2021 $135K · FY2025 $237K
+15%
Net-asset trend (YoY)
End of year $105K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $237K · Expenses $194K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $105K
Net-asset ratio
Net assets $105K · Total assets $105K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $105K
0%
People & payroll
Highest Reported Total Compensation
Individual Raven Hilden · Reported title CEO · Highest reported compensation $0 · Total expenses $194K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $194K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 45%
Overhead ratio 47%
Fundraising cost ratio 6%
Revenue growth 63%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$9K
See all 3 funders →

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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
FY2025 (Latest)$237K revenue · viewing · ⤓ 990 PDF
FY2024$146K revenue · ⤓ 990 PDF
FY2023$179K revenue · ⤓ 990 PDF
FY2022$155K revenue · ⤓ 990 PDF
FY2021$135K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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