Millan Foundation INC EIN 99-1864883

Millan Foundation INC

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Unites people and organizations to strengthen their impact through faith. For fiscal year 2024 it reported $270K in revenue, $229K in expenses, and $41K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Clarksville, TN
Website
www.millanfamilyfoundation.org
Filings
1 on file (2024–2024)
Revenue
$270KFY2024
Expenses
$229K
Net assets
$41K
People
12
Filings
1
Updates
0
More identity details & actions ⌄
EIN  99-1864883 Public charity (501(c)(3)) Clarksville, TN
Form 990 (PDF)
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Size
$100K–1M
What they do
Unites people and organizations to strengthen their impact through faith.
Leadership
Christian Christenson · Ambassador
Money in and out
$270K revenue, $229K expenses
Bottom line
97% program efficiency
Where the money goes · FY2024
Total revenue
$270K
Pt VIII · Ln 12
Total expenses
$229K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $41K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs
Operating runway
2.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total revenue
$270K
Pt VIII · Ln 12
Total expenses
$229K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$41K
Total assetsPt X · Ln 16$42K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $223K of program spending, described in the organization's own filed words · FY2024.
01

The foundation is organized for the purpose of partnering with other nonprofit organizations to create a legacy of impact, through our love of christ, and unite with good people and great organizations to broaden and stregthen their footprint.

$223Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMillan Foundation INC
EINHdr · item D99-1864883
Principal addressHdr · item CClarksville, TN
WebsiteHdr · item Jwww.millanfamilyfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P12)
Ruling yearIRS BMFSep 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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
$0Pt VII · Sec A
Ambassador
$0Pt VII · Sec A
$0Pt VII · Sec A
Ambassador
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$161K · 60%
Other revenue$109K · 40%
Contributions & grants60%$161K
Other revenue40%$109K
Total revenueLn 12$270K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$223K
Management & general3%$7K
Total functional expensesLn 25$229K

Balance Sheet

Part X · end of year
CashLn 1$42K
Total assetsLn 16$42K
Total liabilitiesLn 26$1K
Total net assetsLn 32$41K
Months of cash on handcomputed2.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $42K · Operating expenses/yr $229K
2.2 months
Where the money goes
Program services
Program services $223K · Total expenses $229K
97%
Management & General
Management & general $7K · Total expenses $229K
3%
Fundraising
Fundraising $0 · Total expenses $229K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $161K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $161K · Total revenue $270K
60%
Government reliance
Government grants — · Total revenue $270K
Earned-income share
Program service revenue $0 · Total revenue $270K
0%
Investment reliance
Investment income $0 · Total revenue $270K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $229K
0%
Growth & trend
Revenue growth (YoY)
This year $270K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $41K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $270K · Expenses $229K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $42K
Net-asset ratio
Net assets $41K · Total assets $42K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $42K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Christian Christenson · Reported title AMBASSADOR · Highest reported compensation $0 · Total expenses $229K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $229K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 0%
Accounting fee ratio 0.6%

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.

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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)$270K revenue · viewing · ⤓ 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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