Old Mill Foundation FY2023 filing

Tax-deductible

San Marino, CA501(c)(3)Arts & CultureEIN 95-4549517

To maintain, preserve and operate the old mill, el molino viejo, which is an architectural landmark, an adobe monument to the legacy of the california missions and the spanish presence in early california. Operate artistic, educational and community programs at the old mill.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$51K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $88K a year · 44% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$51K
to officers and key staff · 47% of spending
Concern: pay to officers and key staff is 47% of spending; over 30%.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 13.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$67
<0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 17 voting members
Looks good: 19 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$107K
-55% vs prior year
Spent
$109K
To programs
75%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$107K
FY2023▼ -55%
Revenue by fiscal year
FY2020$181K
FY2021$177K
FY2022$237K
FY2023$107K
FY2024$302K
Expenses
$109K
FY2023▼ -6%
Expenses by fiscal year
FY2020$80K
FY2021$98K
FY2022$116K
FY2023$109K
FY2024$160K
Net assets
$1.4M
FY2023▲ +8%
Net assets by fiscal year
FY2020$1.1M
FY2021$1.3M
FY2022$1.3M
FY2023$1.4M
FY2024$1.7M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $81K Management & general 25% · $28K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

17 people listed on the 990; $51K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$51,200Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Digger PR
$0Pt VII · Sec A
Digger Liaison
$0Pt VII · Sec A
Digger Liaison
$0Pt VII · Sec A
$0Pt VII · Sec A

Kate Sinclair’s $60K as Executive Dir. is at the 55th percentile of top reported officer pay among 2216 $100K–1M arts & culture 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
Kate Sinclair$60,000$51,200

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves and operates an adobe landmark, offering art, education, and community programs.

Provided by the organization

This section is blank until Old Mill Foundation claims this page.

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1 program service account for $81K of program spending, described in the organization's own filed words · FY2023.
01

Maintain, preserve and operate the old mill and operate artistic, educational and community programs at the old mill.

$81Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$107K
Ln 12
Gifts and grantsLn 1h$53K
Investment incomeLn 3$28K
Other incomeLn 4–11$18K
Money outPt IX
$109K
Ln 25
Programscol B$81K
Managementcol C$28K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$117K
Total assetsLn 16$1.4M
LiabilitiesLn 26$67
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$53K
Fees for servicesLn 2g$9K
Investment incomeLn 3$28K
Other incomeLn 4–11$18K
Total revenueLn 12$107K
Assets in detailPt X, end of year
CashLn 1$117K
Cash and savings togetherLn 1–2$117K
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$62K
Total assetsLn 16$1.4M
LiabilitiesLn 26$67
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 51
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$146K$117K
InvestmentsLn 11–13$1.1M$1.3M
Land, buildings, equipmentLn 10c$63K$62K
Total assetsLn 16$1.3M$1.4M
LiabilitiesLn 26$45$67
Net assetsLn 32$1.3M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$51K$41K$10K
Other salaries and wagesLn 7$5K$5K
Payroll taxesLn 10$5K$4K$1K
Legal feesLn 11b$2K$2K
Advertising and promotionLn 12$641$641
Office expensesLn 13$18K$15K$4K
Information technologyLn 14$2K$2K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$3K$2K$545
Other expenses (24a–d)Ln 24$17K$13K$3K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$109K$81K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $302K$160K$141K$1.7M 990 PDF
FY2023 Viewing $107K$109K−$2K$1.4M 990 PDF
FY2022 $237K$116K$121K$1.3M 990 PDF
FY2021 $177K$98K$79K$1.3M 990 PDF
FY2020 $181K$80K$101K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $106,912 across 8 lines filed
Lines not itemized here account for $370 of total revenue; see the IRS return.
VIII-1b Membership dues$46,810
VIII-1f All other contributions, gifts and grants$6,000
VIII-1h Total contributions, gifts and grants$52,810
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,778$8,778
VIII-3 Investment incomeExcluded from tax $27,764$27,764
VIII-6 Net rental income or lossExcluded from tax $12,000$12,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,190$5,190
VIII-12 Total revenueRelated to mission $14,338 · Unrelated business $0 · Excluded from tax $39,764$106,912
Part IX · Statement of functional expenses $108,656 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $40,960 · Management $10,240$51,200
IX-7 Other salaries and wagesPrograms $4,968$4,968
IX-10 Payroll taxesPrograms $4,047 · Management $1,012$5,059
IX-11b Legal feesManagement $1,500$1,500
IX-12 Advertising and promotionManagement $641$641
IX-13 Office expensesPrograms $14,539 · Management $3,635$18,174
IX-14 Information technologyManagement $2,276$2,276
IX-22 Depreciation, depletion and amortizationManagement $4,328$4,328
IX-23 InsurancePrograms $2,178 · Management $545$2,723
IX-24 Other expenses (24a–d)Programs $13,438 · Management $3,326$16,764
IX-24e All other expensesPrograms $1,023$1,023
IX-25 Total functional expensesPrograms $81,153 · Management $27,503 · Fundraising $0$108,656
Part X · Balance sheet $1,436,224 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $146,146$117,455
X-10c Land, buildings and equipment, netStart of year $62,763$61,935
X-11 Publicly traded securitiesStart of year $1,070,862$1,256,834
X-16 Total assetsStart of year $1,326,332$1,436,224
X-17 Accounts payable and accrued expensesStart of year $45$67
X-26 Total liabilitiesStart of year $45$67
X-27 Net assets without donor restrictionsStart of year $724,181$746,547
X-28 Net assets with donor restrictionsStart of year $602,106$689,610
X-32 Total net assets or fund balancesStart of year $1,326,287$1,436,157
X-33 Total liabilities and net assetsStart of year $1,326,332$1,436,224
Part XI · Reconciliation of net assets $1,436,157 net assets at year end
XI-1 Total revenue$106,912
XI-2 Total expenses$108,656
XI-3 Revenue less expenses−$1,744
XI-4 Net assets at start of year$1,326,287
XI-5 Net unrealized gains (losses) on investments$111,614
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,436,157

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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