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Milford Bank Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$51.3k (2023)

Expenses
$47.9k (2023)

Total Assets
$476k (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$51,341
Expenses
$47,936
Net Income
$3,405
Net Assets
$476,347
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $50,000
97.4%
Interest Revenue $302
0.6%
Dividends $4,080
7.9%
Sales of Assets -$3,041
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $47,250
98.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $476,347
Total Liabilities $0
Net Assets $476,347
Compensation
Key Employees and Officers Compensation Other
Susan L Shields (President & Chair) $0 $0
David B Rubin (Board Vice Chair) $0 $0
Michael A Capodanno (Treasurer) $0 $0
Anne Marie Lenart (Secretary) $0 $0
John A Harkins (Board Member) $0 $0
Joy Topazian Moore (Board Member) $0 $0
Kevin C Mcgrath (Board Member) $0 $0
Peter A Olsen (Board Member) $0 $0
Carol A Mcinnis (Board Member) $0 $0
David Esposito (Board Member) $0 $0
Beverly K Streit Kefalas (Board Member) $0 $0
Michael J Paolini (Board Member) $0 $0
Gary L Opin (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$101,261
Expenses
$107,987
Net Income
-$6,726
Net Assets
$444,798
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $100,000
98.8%
Interest Revenue $205
0.2%
Dividends $2,049
2.0%
Sales of Assets -$993
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $107,450
99.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $444,798
Total Liabilities $0
Net Assets $444,798
Compensation
Key Employees and Officers Compensation Other
Susan L Shields (President & Chair) $0 $0
James R Beard (Board Chair) $0 $0
David B Rubin (Board Vice Chair) $0 $0
Michael A Capodanno (Treasurer) $0 $0
Anne Marie Lenart (Secretary) $0 $0
John A Harkins (Board Member) $0 $0
Joy Topazian Moore (Board Member) $0 $0
Raymond A Macaluso (Board Member) $0 $0
Kevin C Mcgrath (Board Member) $0 $0
Peter A Olsen (Board Member) $0 $0
Carol A Mcinnis (Board Member) $0 $0
David Esposito (Board Member) $0 $0
Beverly K Streit Kefalas (Board Member) $0 $0
Michael J Paolini (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$150,211
Expenses
$17,005
Net Income
$133,206
Net Assets
$472,206
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $150,005
99.9%
Interest Revenue $206
0.1%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $17,000
100.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $472,206
Total Liabilities $0
Net Assets $472,206
Compensation
Key Employees and Officers Compensation Other
Susan L Shields (President & Chair) $0 $0
James R Beard (Board Chair) $0 $0
David B Rubin (Board Vice Chair) $0 $0
Michael A Capodanno (Treasurer) $0 $0
Ann Marie Lenart (Secretary) $0 $0
John A Harkins (Board Member) $0 $0
Joy Topazian Moore (Board Member) $0 $0
Raymond A Macaluso (Board Member) $0 $0
Kevin C Mcgrath (Board Member) $0 $0
Peter A Olsen (Board Member) $0 $0
Carol A Mcinnis (Board Member) $0 $0
David Esposito (Board Member) $0 $0
Beverly K Streit Kefalas (Board Member) $0 $0
Michael J Paolini (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$25,385
Expenses
$16,530
Net Income
$8,855
Net Assets
$338,999
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $25,005
98.5%
Interest Revenue $380
1.5%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $16,525
100.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $339,000
Total Liabilities $1
Net Assets $338,999
Compensation
Key Employees and Officers Compensation Other
Susan L Shields (President) $0 $0
James R Beard (Chairman) $0 $0
David B Rubin (Vice Chairman) $0 $0
Michael A Capodanno (Treasurer) $0 $0
Ann Marie Lenart (Secretary) $0 $0
John A Harkins (Board Member) $0 $0
Joy Topazian Moore (Board Member) $0 $0
Raymond A Macaluso (Board Member) $0 $0
Kevin C Mcgrath (Board Member) $0 $0
Peter A Olsen (Board Member) $0 $0
Carol A Mcinnis (Board Member) $0 $0
Joseph Pelaccia (Board Member) $0 $0
David Esposito (Board Member) $0 $0
Beverly K Streit Kefalas (Board Member) $0 $0
Michael J Paolini (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$26,687
Expenses
$17,305
Net Income
$9,382
Net Assets
$330,144
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $26,205
98.2%
Interest Revenue $482
1.8%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $17,300
100.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $330,145
Total Liabilities $1
Net Assets $330,144
Compensation
Key Employees and Officers Compensation Other
Susan L Shields (President) $0 $0
Michael A Capodanno (Treasurer) $0 $0
Ann Marie Lenart (Secretary) $0 $0
John A Harkins (Board Member) $0 $0
James R Beard (Chairman) $0 $0
Joy Topazian Moore (Board Member) $0 $0
Raymond A Macaluso (Board Member) $0 $0
Kevin C Mcgrath (Board Member) $0 $0
Peter A Olsen (Board Member) $0 $0
Carol A Mcinnis (Board Member) $0 $0
Joseph Pelaccia (Board Member) $0 $0
David B Rubin (Vice Chairman) $0 $0
David Esposito (Board Member) $0 $0
Beverly K Streit Kefalas (Board Member) $0 $0
Kevin C Mcgrath (Board Member) $0 $0
Michael J Paolini (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$26,626
Expenses
$16,759
Net Income
$9,867
Net Assets
$320,763
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $26,159
98.2%
Interest Revenue $467
1.8%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $16,750
99.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $320,763
Total Liabilities $0
Net Assets $320,763
Compensation
Key Employees and Officers Compensation Other
Susan L Shields (President) $0 $0
Michael A Capodanno (Treasurer) $0 $0
Ann Marie Lenart (Secretary) $0 $0
Susan L Shields (Board Member) $0 $0
James Beard (Chairman) $0 $0
Leo Carroll (Board Member) $0 $0
Raymond Macaluso (Board Member) $0 $0
Deforest Smith (Board Member) $0 $0
Samuel Bergami Jr (Board Member) $0 $0
Carol Mcinnis (Board Member) $0 $0
Joseph Pelaccia (Board Member) $0 $0
David Rubin (Board Member) $0 $0
David Esposito (Board Member) $0 $0
Beverly Streit Kefalas (Board Member) $0 $0
Kevin Mcgrath (Board Member) $0 $0
Joy Topazian Moore (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$26,456
Expenses
$16,104
Net Income
$10,352
Net Assets
$310,896
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $26,004
98.3%
Interest Revenue $452
1.7%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,100
93.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $310,896
Total Liabilities $0
Net Assets $310,896
Compensation
Key Employees and Officers Compensation Other
Susan L Shields (President) $0 $0
Michael A Capodanno (Treasurer) $0 $0
Ann Marie Lenart (Secretary) $0 $0
Susan L Shields (Board Member) $0 $0
James Beard (Board Member) $0 $0
Leo Carroll (Board Member) $0 $0
Raymond Macaluso (Board Member) $0 $0
Deforest Smith (Board Member) $0 $0
Samuel Bergami Jr (Board Member) $0 $0
Carol Mcinnis (Board Member) $0 $0
Joseph Pelaccia (Board Member) $0 $0
David Rubin (Board Member) $0 $0
David Esposito (Board Member) $0 $0
Beverly Streit Kefalas (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$26,437
Expenses
$16,008
Net Income
$10,429
Net Assets
$300,544
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $26,000
98.3%
Interest Revenue $437
1.7%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,000
93.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $300,544
Total Liabilities $0
Net Assets $300,544
Compensation
Key Employees and Officers Compensation Other
Susan L Shields (President) $0 $0
Michael A Capodanno (Treasurer) $0 $0
Ann Marie Lenart (Secretary) $0 $0
Susan L Shields (Board Member) $0 $0
James Beard (Board Member) $0 $0
Leo Carroll (Board Member) $0 $0
Josephine Culmone (Board Member) $0 $0
Raymond Macaluso (Board Member) $0 $0
Deforest Smith (Board Member) $0 $0
Samuel Bergami Jr (Board Member) $0 $0
Louis D'amato (Board Member) $0 $0
Carol Mcinnis (Board Member) $0 $0
Joseph Pelaccia (Board Member) $0 $0
David Rubin (Board Member) $0 $0
David Esposito (Board Member) $0 $0
Beverly Streit Kefalas (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$26,419
Expenses
$15,008
Net Income
$11,411
Net Assets
$290,115
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $26,000
98.4%
Interest Revenue $419
1.6%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $14,000
93.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $290,115
Total Liabilities $0
Net Assets $290,115
Compensation
Key Employees and Officers Compensation Other
Susan L Shields (President) $0 $0
Michael A Capodanno (Treasurer) $0 $0
Ann Marie Lenart (Secretary) $0 $0
Susan L Shields (Board Member) $0 $0
James Beard (Board Member) $0 $0
Leo Carroll (Board Member) $0 $0
Josephine Culmone (Board Member) $0 $0
Raymond Macaluso (Board Member) $0 $0
Deforest Smith (Board Member) $0 $0
Samuel Bergami Jr (Board Member) $0 $0
Louis D'amato (Board Member) $0 $0
Carol Mcinnis (Board Member) $0 $0
Joseph Pelaccia (Board Member) $0 $0
David Rubin (Board Member) $0 $0
David Esposito (Board Member) $0 $0
Beverly Streit Kefalas (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$26,406
Expenses
$14,358
Net Income
$12,048
Net Assets
$278,704
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $26,000
98.5%
Interest Revenue $406
1.5%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $13,350
93.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $278,704
Total Liabilities $0
Net Assets $278,704
Compensation
Key Employees and Officers Compensation Other
Robert V Macklin (President) $0 $0
Susan Shields (Treasurer) $0 $0
Ann Marie Lenart (Secretary) $0 $0
Robert V Macklin (Board Member) $0 $0
James Beard (Board Member) $0 $0
Leo Carroll (Board Member) $0 $0
Josephine Culmone (Board Member) $0 $0
Raymond Macaluso (Board Member) $0 $0
Deforest Smith (Board Member) $0 $0
Samuel Bergami Jr (Board Member) $0 $0
Louis D'amato (Board Member) $0 $0
Carol Mcinnis (Board Member) $0 $0
Joseph Pelaccia (Board Member) $0 $0
David Rubin (Board Member) $0 $0
David Esposito (Board Member) $0 $0
Beverly Streit Kefalas (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$26,384
Expenses
$13,813
Net Income
$12,571
Net Assets
$266,656
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $26,000
98.5%
Interest Revenue $384
1.5%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $12,800
92.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $266,656
Total Liabilities $0
Net Assets $266,656
Compensation
Key Employees and Officers Compensation Other
Robert V Macklin (President) $0 $0
Susan Shields (Treasurer) $0 $0
Ann Marie Lenart (Secretary) $0 $0
Robert V Macklin (Board Member) $0 $0
James Beard (Board Member) $0 $0
Leo Carroll (Board Member) $0 $0
Josephine Culmone (Board Member) $0 $0
Raymond Macaluso (Board Member) $0 $0
Deforest Smith (Board Member) $0 $0
Samuel Bergami Jr (Board Member) $0 $0
Louis D'amato (Board Member) $0 $0
Carol Mcinnis (Board Member) $0 $0
Joseph Pelaccia (Board Member) $0 $0
David Rubin (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$26,629
Expenses
$13,274
Net Income
$13,355
Net Assets
$254,084
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $26,000
97.6%
Interest Revenue $629
2.4%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $12,250
92.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $254,085
Total Liabilities $1
Net Assets $254,084

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,222
Expenses
$13,774
Net Income
-$11,552
Net Assets
$240,729
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000
45.0%
Interest Revenue $1,222
55.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $12,750
92.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $240,730
Total Liabilities $1
Net Assets $240,729

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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