Jack Miller Family Foundation

Jack Miller Family Foundation experiences significant financial volatility with frequent deficit spending and fluctuating asset base.

EIN: 201930514 · Buffalo Grove, IL · NTEE: T20 · Updated: 2026-03-28

$6.9MRevenue

$936KAssets

70/100Mission Score (Good)

T20

About Jack Miller Family Foundation

Jack Miller Family Foundation (EIN: 201930514) is a nonprofit organization based in Buffalo Grove, IL, classified under NTEE code T20. The organization reported total revenue of $6.9M and total assets of $936K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jack Miller Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Jack Miller Family Foundation exhibits a fluctuating financial profile, with significant variations in revenue and expenses over the past decade. For instance, in 2023, the organization reported revenue of $2,840,243 against expenses of $5,011,581, indicating a deficit spending year. This trend of expenses exceeding revenue is also observed in 2022 ($637,476 revenue vs. $4,626,916 expenses) and several other years, suggesting reliance on prior year assets or other funding sources. While the foundation consistently reports 0% officer compensation, which is a positive indicator for minimizing administrative overhead, the substantial liabilities in certain years, such as $1,750,000 in 2023 and $4,450,000 in 2012, warrant closer examination to understand their nature and impact on long-term financial stability.

The foundation's asset base has also seen considerable swings, from a high of $5,950,313 in 2021 to $936,301 currently. This volatility, coupled with periods of significant deficit spending, suggests a need for careful financial planning and potentially more stable funding streams. The consistent reporting of 0% officer compensation across all available filings is a strong point for transparency regarding executive pay. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is challenging. The NTEE code T20 indicates a focus on grantmaking foundations, implying that most expenses should ideally be directed towards grants and program-related investments.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Jack Miller Family Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Jack Miller Family Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly favorable for minimizing administrative costs.

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.

Red Flags

The following concerns were identified during AI analysis of Jack Miller Family Foundation's IRS 990 filings:

Frequent deficit spending, with expenses exceeding revenue in multiple years (e.g., $5,011,581 expenses vs. $2,840,243 revenue in 2023).
Significant fluctuations in asset base, indicating potential instability or aggressive spending/investment strategies.
Substantial liabilities reported in certain years (e.g., $1,750,000 in 2023), which could impact financial health if not well-managed.

Strengths

The following positive indicators were identified for Jack Miller Family Foundation:

Consistent reporting of 0% officer compensation, indicating strong fiscal responsibility regarding executive pay.
History of significant grantmaking activity, as evidenced by substantial expenses in most years, aligning with its NTEE code as a grantmaking foundation.
Ability to generate substantial revenue in certain years (e.g., $6,356,724 in 2021), demonstrating capacity for fundraising or investment income.

Frequently Asked Questions about Jack Miller Family Foundation

Why does the foundation frequently spend more than its annual revenue?

The foundation has reported expenses exceeding revenue in multiple years (e.g., 2023, 2022, 2015, 2012, 2011). This could be due to spending down accumulated assets, significant one-time grants, or other strategic financial decisions. Further detail from the 990s would be needed to understand the specific funding sources for these deficits.

What is the nature of the significant liabilities reported in certain years?

The foundation reported substantial liabilities, such as $1,750,000 in 2023 and $4,450,000 in 2012. Understanding whether these are program-related payables, loans, or other obligations is crucial for assessing financial risk and stability.

How does the foundation manage its asset fluctuations?

Assets have varied significantly, from $5,950,313 in 2021 to $936,301 currently. This volatility suggests a dynamic investment strategy or significant asset distributions. A deeper look into investment returns and distribution policies would be beneficial.

Filing History

IRS 990 filing history for Jack Miller Family Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Jack Miller Family Foundation's revenue has declined by 17.4%, moving from $3.4M to $2.8M. Total assets increased by 49.5% over the same period, from $1.0M to $1.5M. Total functional expenses rose by 10.2%, from $4.5M to $5.0M. In its most recent filing year (2023), Jack Miller Family Foundation reported a deficit of $2.2M, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $1.5M in assets (debt-to-asset ratio: 113.7%), resulting in net assets of $-211,031.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.8M	$5.0M	$1.5M	$1.8M	—	—
2022	$637K	$4.6M	$2.0M	$1	—	View 990
2021	$6.4M	$4.1M	$6.0M	$1	—	View 990
2020	$5.8M	$4.5M	$3.6M	$1	—	View 990
2019	$5.2M	$4.5M	$2.4M	$0	—	View 990
2015	$4.0M	$4.0M	$1.3M	$1.7M	—	View 990
2014	$6.4M	$4.2M	$914K	$1.2M	—	View 990
2013	$4.5M	$4.0M	$1.3M	$3.9M	—	View 990
2012	$515K	$4.6M	$1.4M	$4.5M	—	View 990
2011	$3.4M	$4.5M	$1.0M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.8M, expenses of $5.0M, and assets of $1.5M (revenue +345.5% year-over-year).
2022: Revenue of $637K, expenses of $4.6M, and assets of $2.0M (revenue -90.0% year-over-year).
2021: Revenue of $6.4M, expenses of $4.1M, and assets of $6.0M (revenue +8.8% year-over-year).
2020: Revenue of $5.8M, expenses of $4.5M, and assets of $3.6M (revenue +12.8% year-over-year).
2019: Revenue of $5.2M, expenses of $4.5M, and assets of $2.4M (revenue +30.4% year-over-year).
2015: Revenue of $4.0M, expenses of $4.0M, and assets of $1.3M (revenue -38.2% year-over-year).
2014: Revenue of $6.4M, expenses of $4.2M, and assets of $914K (revenue +41.9% year-over-year).
2013: Revenue of $4.5M, expenses of $4.0M, and assets of $1.3M (revenue +780.6% year-over-year).
2012: Revenue of $515K, expenses of $4.6M, and assets of $1.4M (revenue -85.0% year-over-year).
2011: Revenue of $3.4M, expenses of $4.5M, and assets of $1.0M.

Data Sources and Methodology

This transparency report for Jack Miller Family 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.