Lou And Connie Miller Charitable Foundation
Lou And Connie Miller Charitable Foundation maintains strong asset growth and zero officer compensation.
EIN: 134222602 · Tulsa, OK · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.7M |
| Total Expenses | $884K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $19 |
| Net Assets | $18.8M |
| Transparency Score | 90/100 |
Is Lou And Connie Miller Charitable Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lou And Connie Miller Charitable Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lou And Connie Miller Charitable Foundation
Lou And Connie Miller Charitable Foundation (EIN: 134222602) is a nonprofit organization based in Tulsa, OK, classified under NTEE code T21. The organization reported total revenue of $8.7M and total assets of $19.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lou And Connie Miller Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lou And Connie Miller Charitable Foundation is a mid-size nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $884K |
| Surplus / Deficit | +$164K |
| Total Assets | $18.8M |
| Total Liabilities | $1 |
| Net Assets | $18.8M |
| Operating Margin | 15.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 254.6 months |
Financial Health Grade: A
In 2023, Lou And Connie Miller Charitable Foundation reported a surplus of $164K with revenue exceeding expenses, holds 254.6 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), Lou And Connie Miller Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 16.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.3% | -4.9% | +0.9% |
| 2022 | +31.4% | -11.5% | -0.3% |
| 2021 | +28.1% | -7.1% | -2.0% |
| 2020 | -49.4% | +77.4% | +61.3% |
| 2019 | +188.9% | +47.2% | +42.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Lou And Connie Miller Charitable 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, Lou And Connie Miller Charitable 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 surplus of $164K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly favorable for a charitable organization of its size with assets nearing $19 million.
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 Lou And Connie Miller Charitable Foundation:
- Consistent asset growth, from $3,098,170 in 2011 to $18,761,736 in 2023.
- Zero officer compensation reported across all filings, indicating efficient use of funds.
- Extremely low liabilities, consistently reported as $1, demonstrating strong financial health.
- Revenue generally exceeding expenses in recent periods, such as $1,048,619 revenue vs. $884,341 expenses in 2023.
- Strong program focus typical of a private grantmaking foundation (NTEE T21).
Frequently Asked Questions about Lou And Connie Miller Charitable Foundation
Is Lou And Connie Miller Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lou And Connie Miller Charitable Foundation (EIN: 134222602) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Lou And Connie Miller Charitable Foundation spend its money?
Lou And Connie Miller Charitable Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lou And Connie Miller Charitable Foundation tax-deductible?
Lou And Connie Miller Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 134222602). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lou And Connie Miller Charitable Foundation CEO make?
Lou And Connie Miller Charitable Foundation's highest-compensated officer earns $19 annually. The organization reported $8.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Lou And Connie Miller Charitable Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Lou And Connie Miller Charitable Foundation is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lou And Connie Miller Charitable Foundation located?
Lou And Connie Miller Charitable Foundation is headquartered in Tulsa, Oklahoma and files with the IRS under EIN 134222602. It is classified under NTEE code T21.
How many years of IRS 990 filings does Lou And Connie Miller Charitable Foundation have?
Lou And Connie Miller Charitable 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 $8.7M in total revenue.
Is the Lou And Connie Miller Charitable Foundation financially stable?
Yes, the foundation is highly financially stable, evidenced by its substantial asset growth from $3 million in 2011 to over $18.7 million in 2023, and consistently minimal liabilities of $1.
How does the foundation manage executive compensation?
The foundation reports 0% officer compensation in all available filings, meaning no salaries are paid to its officers, which is a strong indicator of efficient resource allocation.
What is the trend in the foundation's revenue and expenses?
Revenue has fluctuated, with high points in 2012 and 2013, but in recent years (2022-2023), revenue has generally exceeded expenses, contributing to asset growth. For example, in 2023, revenue was $1,048,619 against expenses of $884,341.
Filing History
IRS 990 filing history for Lou And Connie Miller Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lou And Connie Miller Charitable Foundation's revenue has grown by 542%, moving from $163K to $1.0M. Total assets increased by 505.6% over the same period, from $3.1M to $18.8M. Total functional expenses rose by 294.3%, from $224K to $884K. In its most recent filing year (2023), Lou And Connie Miller Charitable Foundation reported a surplus of $164K, with revenue exceeding expenses. The organization holds $1 in liabilities against $18.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $18.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $884K | $18.8M | $1 | — | View 990 |
| 2022 | $872K | $930K | $18.6M | $1 | — | — |
| 2021 | $664K | $1.1M | $18.7M | $1 | — | View 990 |
| 2020 | $518K | $1.1M | $19.0M | $1 | — | — |
| 2019 | $1.0M | $637K | $11.8M | $1 | — | — |
| 2015 | $355K | $433K | $8.3M | $1 | — | View 990 |
| 2014 | $322K | $405K | $8.3M | $1 | — | View 990 |
| 2013 | $2.9M | $500K | $8.4M | $1 | — | View 990 |
| 2012 | $3.2M | $217K | $6.1M | $1 | — | View 990 |
| 2011 | $163K | $224K | $3.1M | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $884K, and assets of $18.8M (revenue +20.3% year-over-year).
- 2022: Revenue of $872K, expenses of $930K, and assets of $18.6M (revenue +31.4% year-over-year).
- 2021: Revenue of $664K, expenses of $1.1M, and assets of $18.7M (revenue +28.1% year-over-year).
- 2020: Revenue of $518K, expenses of $1.1M, and assets of $19.0M (revenue -49.4% year-over-year).
- 2019: Revenue of $1.0M, expenses of $637K, and assets of $11.8M (revenue +188.9% year-over-year).
- 2015: Revenue of $355K, expenses of $433K, and assets of $8.3M (revenue +10.2% year-over-year).
- 2014: Revenue of $322K, expenses of $405K, and assets of $8.3M (revenue -88.7% year-over-year).
- 2013: Revenue of $2.9M, expenses of $500K, and assets of $8.4M (revenue -10.6% year-over-year).
- 2012: Revenue of $3.2M, expenses of $217K, and assets of $6.1M (revenue +1857.9% year-over-year).
- 2011: Revenue of $163K, expenses of $224K, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lou And Connie Miller Charitable Foundation:
Data Sources and Methodology
This transparency report for Lou And Connie Miller Charitable 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.