Mill Town Foundation EIN 88-3724693

Mill Town Foundation

EIN  88-3724693 Public charity (501(c)(3)) Fort Mill, SC
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Size
$100K–1M
What they do
Teaches life skills through sports, mainly baseball.
Leadership
Derek Senseney · Director · $9K
Money in and out
$464K revenue, $503K expenses
Bottom line
66% program efficiency

Teaches life skills through sports, mainly baseball. For fiscal year 2024 it reported $464K in revenue, $503K in expenses, and $92K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$464K
Pt VIII · Ln 12
Total expenses
$503K
Pt IX · Ln 25
Net assets
$92K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$39K
Where spending went · Part IX cols B–D
Program services $0.66 Management & general $0.25 Fundraising $0.09
Program efficiency
66%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
1.9mo
months of highly liquid reserves at operating expense rate▼ -67% vs prior filing year
Surplus margin
-8%
revenue over expenses, this year▼ -218% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$464K
FY2024▲ +55%
Expenses
$503K
FY2024▲ +81%
Total assets
$92K
FY2024▼ -30%
Total liabilities
$0
FY2024
Total revenue
$464K
Pt VIII · Ln 12
Total expenses
$503K
Pt IX · Ln 25
Net assets
$92K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$39K
Total assetsPt X · Ln 16$92K
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

3 program services account for $330K of program spending, described in the organization's own filed words · FY2024.
01

Athletic Training to Combat Youth Obesity and Depression

We now train nearly 200 young men ages 7 to 15 years old and train them physically to be better baseball players and through that they get speed training, weightlifting, strength training, and overall better athletic and baseball conditioning. This produces more healthy young men than today's sedentary lifestyle.

$231Kprogram expense
02

Mental coaching to teach life skills and refine young boys into young men - We teach boys how to work as a team, how to deal with failure, how to work hard and have a work ethic, how to be consistent, how to work towards a goal. This requires extensive persevearance.

$66Kprogram expense
03

Community Involvement and Support

We are involved in the community and contribute back by sponsoring local high schools and hosting free clinics for young boys and girls not inside of our program. We sponsored two local high school programs to help their funding for baseball. We are in our town Christmas parade.

$33Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMill Town Foundation
EINHdr · item D88-3724693
Principal addressHdr · item CFort Mill, SC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFJun 2025

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$8,730Pt VII · Sec A
Executive Dir.
$0Pt VII · Sec A
$0Pt VII · Sec A

Derek Senseney’s $9K as Director is at the 6th percentile of top reported officer pay among 1985 $100K–1M youth development 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 · 1 named individual · Part VII

NameFY2024FY2023
Derek Senseney$8,730$6,100

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$437K · 94%
Program service revenue$26K · 6%
Contributions & grants94%$437K
Program service revenue6%$26K
Other revenue$635
Total revenueLn 12$464K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Management & general $0.25 Fundraising $0.09
Program services66%$330K
Management & general25%$125K
Fundraising9%$48K
Total functional expensesLn 25$503K

Balance Sheet

Part X · end of year
CashLn 1$79K
Total assetsLn 16$92K
Total liabilitiesLn 26$0
Total net assetsLn 32$92K
Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $79K · Operating expenses/yr $503K
1.9 months
Where the money goes
Program services
Program services $330K · Total expenses $503K
66%
Management & General
Management & general $125K · Total expenses $503K
25%
Fundraising
Fundraising $48K · Total expenses $503K
9%
Cost to raise $1
Fundraising expense (2-yr avg) $37K · Solicited contributions (2-yr avg) $361K
$0.10 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $437K · Total revenue $464K
94%
Government reliance
Government grants — · Total revenue $464K
Earned-income share
Program service revenue $26K · Total revenue $464K
6%
Investment reliance
Investment income $0 · Total revenue $464K
0%
Program self-sufficiency
Program service revenue $26K · Total expenses $503K
5%
Growth & trend
Revenue growth (YoY)
This year $464K · Prior year $299K
+55%
Net-asset trend (YoY)
End of year $92K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $464K · Expenses $503K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $92K
Net-asset ratio
Net assets $92K · Total assets $92K
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) $92K
0%
People & payroll
Highest Reported Total Compensation
Individual Derek Senseney · Reported title Director · Highest reported compensation $9K · Total expenses $503K
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $11K · Total expenses $503K
2%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 66%
Overhead ratio 25%
Fundraising cost ratio 11%
Revenue growth 55%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

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 · this organization's grantmaking
Grants paid · 1 grant · $15K · 2024–2024
Unitemized GrantFY2024$14,674

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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)$464K revenue · viewing · ⤓ 990 PDF
FY2023$299K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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