THE MILLHILL FOUNDATION INC

EIN: 223828387 501(c)(3) Human Services

TRENTON, NJ

Total Revenue
$656,318
Total Expenses
$515,389
Total Assets
$2,217,366
Net Assets
$1,953,918
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NJ
Principal Officer
STEVEN ROSEN
Phone
6099897333
Tax Period
2023-08-01 to 2024-07-31

THE MILLHILL FOUNDATION INC, founded in 2001, is a small nonprofit in the Human Services sector that reported $656K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $141K, a strong 21% operating margin.

Mission

The Millhill Foundation is dedicated to the development of partnerships with families to support their efforts toward fulfilling their unique potential. The corporation accomplishes its goals through the support of programs directed at early care and education, teenagers and young adults and therapeutic support for families.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $393,773
Program Service Revenue $243,147
Investment Income $19,398
Other Revenue $0
TOTAL REVENUE $656,318

Expense Breakdown

Grants Paid $335,837
Salaries & Benefits $0
Fundraising Expenses $13,763
Program Expenses $457,164
Other Expenses $179,552
TOTAL EXPENSES $515,389

Year-over-Year Comparison

2023 2022 Change
Revenue $656,318 $700,449 -0.1%
Expenses $515,389 $912,884 -0.4%
Net Income $140,929 $-212,435 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$350,045
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN ROSEN PRESIDENT 3.00
Officer Director
$0 $0 $0
AUGUST LEMING PHD VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
STEPHEN GALLETO SECRETARY 3.00
Officer Director
$0 $0 $0
RICHARD COYNE CPA TREASURER 3.00
Officer Director
$0 $0 $0
JOHN CASSIMATIS TRUSTEE 3.00
Director
$0 $0 $0
SERGIO IACOVITTI TRUSTEE 3.00
Director
$0 $0 $0
JONATHAN LEVY TRUSTEE 3.00
Director
$0 $0 $0
ALLEN M SILK ESQ TRUSTEE 3.00
Director
$0 $0 $0
CYNTHIA OBERKOFLER CHIEF STRATEGY AND FINANCE 6.00
Officer
$0 $12,190 $210,259
JIGNA RAO CHIEF EXECUTIVE OFFICER 4.00
Officer
$0 $12,201 $139,786
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $656,318 $515,389 $2,217,366 $140,929
2023 $700,449 $912,884 $2,165,619 $-212,435
2022 $870,124 $646,459 $2,332,481 $223,665
2021 $657,109 $516,826 $2,176,479 $140,283
2020 $820,755 $601,931 $2,019,650 $218,824
2019 $682,909 $495,304 $1,723,338 $187,605
2018 $630,848 $389,767 $1,561,217 $241,081
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