Kay R & Colin R Mcmillan Foundation
EIN: 461298299 · Roswell, NM
| Metric | Value |
|---|---|
| Total Expenses | $21K |
| Net Assets | $214K |
Is Kay R & Colin R Mcmillan Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kay R & Colin R Mcmillan Foundation
Kay R & Colin R Mcmillan Foundation (EIN: 461298299) is a nonprofit organization based in Roswell, NM. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kay R & Colin R Mcmillan Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kay R & Colin R Mcmillan Foundation is a micro nonprofit, with 4 years of IRS 990 filings on record (2012–2015). Revenue has grown at a compound annual rate of -89.2%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $315 |
| Total Expenses | $21K |
| Surplus / Deficit | $-20,570 |
| Total Assets | $214K |
| Total Liabilities | $1 |
| Net Assets | $214K |
| Operating Margin | -6530.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 123.2 months |
Financial Health Grade: B
In 2015, Kay R & Colin R Mcmillan Foundation reported a deficit of $21K with expenses exceeding revenue, holds 123.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 4 years of filings (2012–2015), Kay R & Colin R Mcmillan Foundation's revenue has declined at a compound annual growth rate (CAGR) of -89.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +37.6% | +44.9% | -8.8% |
| 2014 | +23.1% | +1205.6% | -5.7% |
| 2013 | -99.9% | +36700.0% | -0.4% |
AI Analysis Pending
AI enrichment for Kay R & Colin R Mcmillan Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kay R & Colin R Mcmillan Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Kay R & Colin R Mcmillan Foundation
Is Kay R & Colin R Mcmillan Foundation a legitimate charity?
Kay R & Colin R Mcmillan Foundation (EIN: 461298299) is a registered tax-exempt nonprofit based in New Mexico. It has 4 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Kay R & Colin R Mcmillan Foundation spend its money?
Kay R & Colin R Mcmillan Foundation reported its financials in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Kay R & Colin R Mcmillan Foundation tax-deductible?
Kay R & Colin R Mcmillan Foundation is registered as a tax-exempt nonprofit (EIN: 461298299). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kay R & Colin R Mcmillan Foundation located?
Kay R & Colin R Mcmillan Foundation is headquartered in Roswell, New Mexico and files with the IRS under EIN 461298299.
How many years of IRS 990 filings does Kay R & Colin R Mcmillan Foundation have?
Kay R & Colin R Mcmillan Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Kay R & Colin R Mcmillan Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2012–2015), Kay R & Colin R Mcmillan Foundation's revenue has declined by 99.9%, moving from $250K to $315. Total assets decreased by 14.3% over the same period, from $250K to $214K. Total functional expenses rose by 696066.7%, from $3 to $21K. In its most recent filing year (2015), Kay R & Colin R Mcmillan Foundation reported a deficit of $21K, with expenses exceeding revenue. The organization holds $1 in liabilities against $214K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $214K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $315 | $21K | $214K | $1 | — | View 990 |
| 2014 | $229 | $14K | $235K | $1 | — | View 990 |
| 2013 | $186 | $1K | $249K | $1 | — | View 990 |
| 2012 | $250K | $3 | $250K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $315, expenses of $21K, and assets of $214K (revenue +37.6% year-over-year).
- 2014: Revenue of $229, expenses of $14K, and assets of $235K (revenue +23.1% year-over-year).
- 2013: Revenue of $186, expenses of $1K, and assets of $249K (revenue -99.9% year-over-year).
- 2012: Revenue of $250K, expenses of $3, and assets of $250K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kay R & Colin R Mcmillan Foundation:
Data Sources and Methodology
This transparency report for Kay R & Colin R Mcmillan 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.