Herman And Frieda L Miller Foundation
Herman And Frieda L Miller Foundation maintains over $40M in assets with zero reported officer compensation.
EIN: 137131926 · Boston, MA · NTEE: T90Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.8M |
| Total Expenses | $3.5M |
| Program Spending | 95% |
| Net Assets | $40.8M |
| Transparency Score | 90/100 |
Is Herman And Frieda L Miller Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Herman And Frieda L Miller Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Herman And Frieda L Miller Foundation
Herman And Frieda L Miller Foundation (EIN: 137131926) is a nonprofit organization based in Boston, MA, classified under NTEE code T90Z. The organization reported total revenue of $10.8M and total assets of $46.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Herman And Frieda L Miller Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Herman And Frieda L Miller Foundation is a large nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-346,872 |
| Total Assets | $40.8M |
| Total Liabilities | $1 |
| Net Assets | $40.8M |
| Operating Margin | -11.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 141.2 months |
Financial Health Grade: B
In 2023, Herman And Frieda L Miller Foundation reported a deficit of $347K with expenses exceeding revenue, holds 141.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Herman And Frieda L Miller Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.1% | +10.6% | -2.8% |
| 2022 | -11.5% | +2.5% | -2.7% |
| 2021 | +160.7% | +5.6% | +12.9% |
| 2020 | +102.8% | +0.6% | -4.6% |
| 2019 | -72.1% | -9.4% | -9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Herman And Frieda L Miller Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Herman And Frieda L Miller Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $347K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation's leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which significantly reduces administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Herman And Frieda L Miller Foundation:
- Zero reported officer compensation, indicating high efficiency and low administrative overhead.
- Consistent and substantial asset base (over $40 million), ensuring long-term financial stability.
- Minimal liabilities ($1 reported in most periods), demonstrating strong financial management and low debt.
- Consistent filing of IRS 990s, indicating good transparency.
- As a grant-making foundation, a high percentage of expenses are likely direct program support.
Frequently Asked Questions about Herman And Frieda L Miller Foundation
Is Herman And Frieda L Miller Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Herman And Frieda L Miller Foundation (EIN: 137131926) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Herman And Frieda L Miller Foundation spend its money?
Herman And Frieda L Miller Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Herman And Frieda L Miller Foundation tax-deductible?
Herman And Frieda L Miller Foundation is registered as a tax-exempt nonprofit (EIN: 137131926). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Herman And Frieda L Miller Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Herman And Frieda L Miller Foundation is above average for NTEE category T90Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Herman And Frieda L Miller Foundation located?
Herman And Frieda L Miller Foundation is headquartered in Boston, Massachusetts and files with the IRS under EIN 137131926. It is classified under NTEE code T90Z.
How many years of IRS 990 filings does Herman And Frieda L Miller Foundation have?
Herman And Frieda L Miller Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $10.8M in total revenue.
Is the Herman And Frieda L Miller Foundation a good charity?
Based on its financial data, the Herman And Frieda L Miller Foundation appears to be a very good charity, particularly for its efficiency. It consistently reports zero officer compensation, indicating extremely low administrative costs, and maintains a substantial asset base of over $40 million to support its grant-making activities.
How does the foundation manage its administrative costs?
The foundation manages its administrative costs exceptionally well, reporting 0% officer compensation across all filings. This suggests a highly efficient, possibly volunteer-driven, operational model where nearly all expenses are directed towards its charitable purpose.
What is the trend in the foundation's assets?
The foundation's assets have remained robust, consistently above $40 million, reaching $46,099,585 in the latest period. While there have been minor fluctuations, the overall trend indicates a stable and well-endowed organization capable of sustained philanthropic activity.
Does the foundation have significant debt?
No, the foundation does not have significant debt. Its liabilities have been consistently reported as minimal, often just $1, across all available IRS 990 filings, indicating strong financial health and a very low debt burden.
Filing History
IRS 990 filing history for Herman And Frieda L Miller Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Herman And Frieda L Miller Foundation's revenue has declined by 13%, moving from $3.6M to $3.1M. Total assets decreased by 8.3% over the same period, from $44.5M to $40.8M. Total functional expenses rose by 27.1%, from $2.7M to $3.5M. In its most recent filing year (2023), Herman And Frieda L Miller Foundation reported a deficit of $347K, with expenses exceeding revenue. The organization holds $1 in liabilities against $40.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $40.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $3.5M | $40.8M | $1 | — | View 990 |
| 2022 | $3.4M | $3.1M | $41.9M | $1 | — | View 990 |
| 2021 | $3.8M | $3.1M | $43.1M | $1 | — | View 990 |
| 2020 | $1.5M | $2.9M | $38.2M | $1 | — | View 990 |
| 2019 | $717K | $2.9M | $40.0M | $1 | — | View 990 |
| 2015 | $2.6M | $3.2M | $44.2M | $1 | — | View 990 |
| 2014 | $3.1M | $3.1M | $52.2M | $233K | — | View 990 |
| 2013 | $3.5M | $3.0M | $50.1M | $1 | — | View 990 |
| 2012 | $5.7M | $2.9M | $46.7M | $1 | — | View 990 |
| 2011 | $3.6M | $2.7M | $44.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $3.5M, and assets of $40.8M (revenue -7.1% year-over-year).
- 2022: Revenue of $3.4M, expenses of $3.1M, and assets of $41.9M (revenue -11.5% year-over-year).
- 2021: Revenue of $3.8M, expenses of $3.1M, and assets of $43.1M (revenue +160.7% year-over-year).
- 2020: Revenue of $1.5M, expenses of $2.9M, and assets of $38.2M (revenue +102.8% year-over-year).
- 2019: Revenue of $717K, expenses of $2.9M, and assets of $40.0M (revenue -72.1% year-over-year).
- 2015: Revenue of $2.6M, expenses of $3.2M, and assets of $44.2M (revenue -16.5% year-over-year).
- 2014: Revenue of $3.1M, expenses of $3.1M, and assets of $52.2M (revenue -11.5% year-over-year).
- 2013: Revenue of $3.5M, expenses of $3.0M, and assets of $50.1M (revenue -39.0% year-over-year).
- 2012: Revenue of $5.7M, expenses of $2.9M, and assets of $46.7M (revenue +59.2% year-over-year).
- 2011: Revenue of $3.6M, expenses of $2.7M, and assets of $44.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Herman And Frieda L Miller Foundation:
Data Sources and Methodology
This transparency report for Herman And Frieda L Miller Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.