Robert B Mcmillen Foundation
Robert B Mcmillen Foundation consistently spends more than it earns, drawing down assets.
EIN: 200011616 · Tucson, AZ · NTEE: T22 · Updated: 2026-03-28
Is Robert B Mcmillen Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Robert B Mcmillen Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Robert B Mcmillen Foundation
Robert B Mcmillen Foundation (EIN: 200011616) is a nonprofit organization based in Tucson, AZ, classified under NTEE code T22. The organization reported total revenue of $7.9M and total assets of $6.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Robert B Mcmillen Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Robert B Mcmillen 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 -11.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $122K |
| Total Expenses | $635K |
| Surplus / Deficit | $-512,822 |
| Total Assets | $5.7M |
| Total Liabilities | $10K |
| Net Assets | $5.7M |
| Operating Margin | -418.8% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 107.5 months |
Financial Health Grade: B
In 2023, Robert B Mcmillen Foundation reported a deficit of $513K with expenses exceeding revenue, holds 107.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Robert B Mcmillen Foundation's revenue has declined at a compound annual growth rate (CAGR) of -11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.5% | +3.9% | -8.3% |
| 2022 | -49.5% | -0.6% | -5.0% |
| 2020 | -176.2% | +2.7% | -11.5% |
| 2019 | +84.5% | -21.3% | -12.5% |
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 Robert B Mcmillen Foundation with a Mission Score of 60 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Robert B Mcmillen Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $513K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly efficient for a foundation of its size.
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 Robert B Mcmillen Foundation's IRS 990 filings:
- Consistent operating deficits: Expenses frequently exceed revenue (e.g., 2023 expenses $635,261 vs. revenue $122,439).
- Declining asset base: Assets have decreased from $8,504,393 in 2015 to $5,693,241 in 2023, indicating a spending down of reserves.
- Volatile revenue streams: Revenue fluctuates significantly year-to-year, including a negative revenue year in 2020.
Strengths
The following positive indicators were identified for Robert B Mcmillen Foundation:
- No reported officer compensation: 0% officer compensation across all filings indicates efficient use of funds regarding executive pay.
- Consistent filing history: A decade of 990 filings demonstrates good transparency and compliance.
- Substantial asset base: Despite declines, the foundation still holds over $5 million in assets, providing a buffer for operations.
Frequently Asked Questions about Robert B Mcmillen Foundation
Is Robert B Mcmillen Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Robert B Mcmillen Foundation (EIN: 200011616) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Robert B Mcmillen Foundation spend its money?
Robert B Mcmillen Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Robert B Mcmillen Foundation tax-deductible?
Robert B Mcmillen Foundation is registered as a tax-exempt nonprofit (EIN: 200011616). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Robert B Mcmillen Foundation financially sustainable given its consistent operating deficits?
The foundation has consistently reported expenses exceeding revenue, leading to a gradual decrease in assets over time (e.g., from $8,504,393 in 2015 to $5,693,241 in 2023). This trend suggests a reliance on its endowment, which is not sustainable indefinitely without a significant increase in revenue or reduction in expenses.
What is the primary source of the foundation's revenue, and why is it so volatile?
The filings show highly variable revenue, ranging from a negative figure in 2020 ($-262,016) to over $1.3 million in 2012. Without more detailed schedules from the 990, it's difficult to pinpoint the exact sources, but such volatility often indicates reliance on investment returns or infrequent large donations rather than consistent operational income.
How does the foundation ensure its program effectiveness given its financial trends?
While the foundation consistently incurs expenses, the lack of detailed program spending information in the provided summary makes it difficult to assess program effectiveness. The consistent spending suggests ongoing activities, but the financial deficits raise questions about the scale and impact of these programs relative to the diminishing asset base.
Filing History
IRS 990 filing history for Robert B Mcmillen Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Robert B Mcmillen Foundation's revenue has declined by 76.8%, moving from $528K to $122K. Total assets decreased by 31.5% over the same period, from $8.3M to $5.7M. Total functional expenses fell by 13.9%, from $738K to $635K. In its most recent filing year (2023), Robert B Mcmillen Foundation reported a deficit of $513K, with expenses exceeding revenue. The organization holds $10K in liabilities against $5.7M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $5.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $122K | $635K | $5.7M | $10K | — | — |
| 2022 | $282K | $611K | $6.2M | $9K | — | View 990 |
| 2021 | $558K | $615K | $6.5M | $6K | — | View 990 |
| 2020 | $-262,016 | $591K | $6.6M | $4K | — | — |
| 2019 | $344K | $575K | $7.4M | $5K | — | View 990 |
| 2015 | $186K | $731K | $8.5M | $4K | — | View 990 |
| 2014 | $917K | $762K | $9.0M | $4K | — | View 990 |
| 2013 | $709K | $782K | $8.9M | $3K | — | View 990 |
| 2012 | $1.4M | $745K | $9.0M | $3K | — | View 990 |
| 2011 | $528K | $738K | $8.3M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $122K, expenses of $635K, and assets of $5.7M (revenue -56.5% year-over-year).
- 2022: Revenue of $282K, expenses of $611K, and assets of $6.2M (revenue -49.5% year-over-year).
- 2021: Revenue of $558K, expenses of $615K, and assets of $6.5M.
- 2020: Revenue of $-262,016, expenses of $591K, and assets of $6.6M (revenue -176.2% year-over-year).
- 2019: Revenue of $344K, expenses of $575K, and assets of $7.4M (revenue +84.5% year-over-year).
- 2015: Revenue of $186K, expenses of $731K, and assets of $8.5M (revenue -79.7% year-over-year).
- 2014: Revenue of $917K, expenses of $762K, and assets of $9.0M (revenue +29.4% year-over-year).
- 2013: Revenue of $709K, expenses of $782K, and assets of $8.9M (revenue -49.0% year-over-year).
- 2012: Revenue of $1.4M, expenses of $745K, and assets of $9.0M (revenue +163.3% year-over-year).
- 2011: Revenue of $528K, expenses of $738K, and assets of $8.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Robert B Mcmillen Foundation:
Data Sources and Methodology
This transparency report for Robert B Mcmillen 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.