The Frank A Miller Foundation Inc
Small Foundation with Declining Assets and High Administrative Costs
EIN: 222540718 · Greenwich, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $145K |
| Total Expenses | $29K |
| Net Assets | $495K |
| Transparency Score | 65/100 |
Is The Frank A Miller Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Frank A Miller Foundation Inc
The Frank A Miller Foundation Inc (EIN: 222540718) is a nonprofit organization based in Greenwich, CT. The organization reported total revenue of $145K and total assets of $475K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Frank A Miller Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Frank A Miller Foundation Inc is a small nonprofit that has been operating for 42 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $21K |
| Total Expenses | $29K |
| Surplus / Deficit | $-8,609 |
| Total Assets | $495K |
| Total Liabilities | $1 |
| Net Assets | $495K |
| Operating Margin | -41.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 201.5 months |
Financial Health Grade: B
In 2023, The Frank A Miller Foundation Inc reported a deficit of $9K with expenses exceeding revenue, holds 201.5 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), The Frank A Miller Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.4% | -21.3% | -1.7% |
| 2022 | -70.7% | +60.9% | -3.6% |
| 2021 | +66.2% | -29.8% | +8.7% |
| 2020 | +49.1% | -27.1% | +1.2% |
| 2019 | +20.1% | +246.3% | -21.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 The Frank A Miller Foundation Inc with a Mission Score of 65 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, The Frank A Miller Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported in the available filings, suggesting it is either zero or below the reporting threshold for a foundation of this 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 The Frank A Miller Foundation Inc's IRS 990 filings:
- Zero reported program service expenses in all available filings, indicating no direct charitable activities.
- Total assets have declined from $606,934 in 2015 to $494,802 in 2023.
- Expenses consistently exceed revenue in recent years (e.g., 2023: revenue $20,852, expenses $29,461).
Strengths
The following positive indicators were identified for The Frank A Miller Foundation Inc:
- Maintains a consistent asset base over several years, despite operational losses.
- No reported lobbying or political activities.
Frequently Asked Questions about The Frank A Miller Foundation Inc
Is The Frank A Miller Foundation Inc a legitimate charity?
The Frank A Miller Foundation Inc (EIN: 222540718) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $145K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does The Frank A Miller Foundation Inc spend its money?
The Frank A Miller Foundation Inc reported $145K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Frank A Miller Foundation Inc tax-deductible?
The Frank A Miller Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222540718). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Frank A Miller Foundation Inc located?
The Frank A Miller Foundation Inc is headquartered in Greenwich, Connecticut and files with the IRS under EIN 222540718.
How many years of IRS 990 filings does The Frank A Miller Foundation Inc have?
The Frank A Miller Foundation Inc 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 $145K in total revenue.
What does The Frank A Miller Foundation Inc do?
The Frank A Miller Foundation Inc is a nonprofit organization in the Unknown sector, located in Greenwich, Connecticut. It is classified under NTEE code Unknown.
How much revenue does The Frank A Miller Foundation Inc have?
The Frank A Miller Foundation Inc reported total revenue of $144,761. Based on 10 IRS 990 filings on record.
What are The Frank A Miller Foundation Inc's total assets?
The Frank A Miller Foundation Inc holds total assets of $474,980 as reported in IRS 990 filings.
Where is The Frank A Miller Foundation Inc located?
The Frank A Miller Foundation Inc is based in Greenwich, Connecticut.
What is The Frank A Miller Foundation Inc's EIN?
The Frank A Miller Foundation Inc's Employer Identification Number (EIN) is 222540718. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Frank A Miller Foundation Inc?
The Frank A Miller Foundation Inc is classified under NTEE code Unknown (Unknown).
Is The Frank A Miller Foundation Inc a registered 501(c)(3)?
The Frank A Miller Foundation Inc appears in IRS records (EIN: 222540718). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Frank A Miller Foundation Inc file IRS Form 990?
Yes, The Frank A Miller Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was The Frank A Miller Foundation Inc's revenue in 2023?
In the 202312 filing period, The Frank A Miller Foundation Inc reported total revenue of $20,852, total expenses of $29,461, and net assets of $494,802.
Is The Frank A Miller Foundation Inc's revenue growing or declining?
The Frank A Miller Foundation Inc's revenue is growing. Revenue went from $19,060 (202212) to $20,852 (202312), a +9.4% change. Based on 10 filings on record.
What is The Frank A Miller Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Frank A Miller Foundation Inc covers tax period 202312. It shows revenue of $20,852, expenses of $29,461, total assets of $494,802, and liabilities of $1.
Is The Frank A Miller Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Frank A Miller Foundation Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for The Frank A Miller Foundation Inc?
The following concerns were identified: Zero reported program service expenses in all available filings, indicating no direct charitable activities.. Total assets have declined from $606,934 in 2015 to $494,802 in 2023.. Expenses consistently exceed revenue in recent years (e.g., 2023: revenue $20,852, expenses $29,461).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Frank A Miller Foundation Inc's strengths?
Positive indicators for The Frank A Miller Foundation Inc include: Maintains a consistent asset base over several years, despite operational losses.. No reported lobbying or political activities.. These findings are derived from AI analysis of the organization's financial filings.
How does The Frank A Miller Foundation Inc compensate executives?
Executive compensation is not reported in the available filings, suggesting it is either zero or below the reporting threshold for a foundation of this size. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of zero program service expenses, what is the actual charitable purpose or activity of The Frank A Miller Foundation Inc?
Based on the available IRS Form 990 data, the foundation does not appear to engage in direct program service activities. Its expenses are entirely categorized as administrative, raising questions about its operational model and how it fulfills its stated mission, if any.
Filing History
IRS 990 filing history for The Frank A Miller Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Frank A Miller Foundation Inc's revenue has declined by 59.4%, moving from $51K to $21K. Total assets decreased by 6.1% over the same period, from $527K to $495K. Total functional expenses rose by 20%, from $25K to $29K. In its most recent filing year (2023), The Frank A Miller Foundation Inc reported a deficit of $9K, with expenses exceeding revenue. The organization holds $1 in liabilities against $495K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $495K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $21K | $29K | $495K | $1 | — | — |
| 2022 | $19K | $37K | $503K | $1 | — | View 990 |
| 2021 | $65K | $23K | $522K | $1 | — | — |
| 2020 | $39K | $33K | $480K | $1 | — | — |
| 2019 | $26K | $45K | $474K | $0 | — | View 990 |
| 2015 | $22K | $13K | $607K | $0 | — | View 990 |
| 2014 | $78K | $27K | $594K | $0 | — | View 990 |
| 2013 | $21K | $21K | $543K | $0 | — | View 990 |
| 2012 | $50K | $37K | $542K | $0 | — | View 990 |
| 2011 | $51K | $25K | $527K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $21K, expenses of $29K, and assets of $495K (revenue +9.4% year-over-year).
- 2022: Revenue of $19K, expenses of $37K, and assets of $503K (revenue -70.7% year-over-year).
- 2021: Revenue of $65K, expenses of $23K, and assets of $522K (revenue +66.2% year-over-year).
- 2020: Revenue of $39K, expenses of $33K, and assets of $480K (revenue +49.1% year-over-year).
- 2019: Revenue of $26K, expenses of $45K, and assets of $474K (revenue +20.1% year-over-year).
- 2015: Revenue of $22K, expenses of $13K, and assets of $607K (revenue -71.9% year-over-year).
- 2014: Revenue of $78K, expenses of $27K, and assets of $594K (revenue +272.5% year-over-year).
- 2013: Revenue of $21K, expenses of $21K, and assets of $543K (revenue -58.3% year-over-year).
- 2012: Revenue of $50K, expenses of $37K, and assets of $542K (revenue -2.4% year-over-year).
- 2011: Revenue of $51K, expenses of $25K, and assets of $527K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Frank A Miller Foundation Inc:
Data Sources and Methodology
This transparency report for The Frank A Miller Foundation Inc 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.