Caroline & Roxanna Montrose Educational Foundation

Los Altos, CA
Tax-exempt since Sept. 1975
EIN: 23-7411509

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Donations to this organization are tax deductible.

Revenue

$33k (2025)

Expenses

$45.2k (2025)

Total Assets

$406k (2025)

Total Liabilities

$1.54k (2025)

Source: Form 990 tax filings from 2012 to 2025

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 June
2025

Revenue

$33,032

Expenses

$45,179

Net Income

-$12,147

Net Assets

$404,664

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$139	0.4%
Dividends	$31,975	96.8%
Sales of Assets	$3	0.0%
Other Income	$915	2.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,262	60.3%
Compensation of Officers*	$26,316	58.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$406,204
Total Liabilities	$1,540
Net Assets	$404,664

Compensation

Key Employees and Officers	Compensation	Other
Eric S Millar (President/Tstee)	$13,158	$0
Holly D Millar (Secretary/Tstee)	$13,158	$0

990-PF

Filed on Oct. 11, 2025

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Fiscal Year Ending June
2024

Revenue

$33,685

Expenses

$75,611

Net Income

-$41,926

Net Assets

$416,811

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,116	3.3%
Dividends	$29,526	87.7%
Sales of Assets	$2,995	8.9%
Other Income	$48	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$54,948	72.7%
Compensation of Officers*	$26,273	34.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$418,352
Total Liabilities	$1,541
Net Assets	$416,811

Compensation

Key Employees and Officers	Compensation	Other
Eric S Millar (President/Tstee)	$13,137	$0
Holly D Millar (Secretary/Tstee)	$13,136	$0

990-PF

Filed on Aug. 8, 2024

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Fiscal Year Ending June
2023

Revenue

$36,085

Expenses

$96,855

Net Income

-$60,770

Net Assets

$458,737

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$104	0.3%
Dividends	$30,148	83.5%
Sales of Assets	$5,833	16.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$78,218	80.8%
Compensation of Officers*	$26,273	27.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$460,262
Total Liabilities	$1,525
Net Assets	$458,737

Compensation

Key Employees and Officers	Compensation	Other
Eric S Millar (President/Tstee)	$13,137	$0
Holly D Millar (Secretary/Tstee)	$13,136	$0

990-PF

Filed on Sept. 18, 2023

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Fiscal Year Ending June
2022

Revenue

$17,483

Expenses

$124,347

Net Income

-$106,864

Net Assets

$519,507

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$43	0.2%
Dividends	$32,141	> 100%
Sales of Assets	-$14,701
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$104,272	83.9%
Compensation of Officers*	$26,316	21.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$519,995
Total Liabilities	$488
Net Assets	$519,507

Compensation

Key Employees and Officers	Compensation	Other
Eric S Millar (President/Tstee)	$13,158	$0
Holly D Millar (Secretary/Tstee)	$13,158	$0

990-PF

Filed on Nov. 28, 2022

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Fiscal Year Ending June
2021

Revenue

$39,856

Expenses

$126,716

Net Income

-$86,860

Net Assets

$591,772

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$67	0.2%
Dividends	$31,249	78.4%
Sales of Assets	$8,540	21.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$109,056	86.1%
Compensation of Officers*	$26,286	20.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$592,288
Total Liabilities	$516
Net Assets	$591,772

Compensation

Key Employees and Officers	Compensation	Other
Holly D Millar (Secretary/Tstee)	$13,144	$0
Eric S Millar (President/Tstee)	$13,142	$0

990-PF

Filed on Nov. 15, 2021

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Fiscal Year Ending June
2020

Revenue

$95,319

Expenses

$159,270

Net Income

-$63,951

Net Assets

$678,632

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,637	4.9%
Dividends	$32,249	33.8%
Sales of Assets	$58,239	61.1%
Other Income	$194	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$127,753	80.2%
Compensation of Officers*	$26,244	16.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$681,473
Total Liabilities	$2,841
Net Assets	$678,632

Compensation

Key Employees and Officers	Compensation	Other
Eric S Millar (President/Tstee)	$13,122	$0
Holly D Millar (Secretary/Tstee)	$13,122	$0

990-PF

Filed on Feb. 9, 2021

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Fiscal Year Ending June
2019

Revenue

$36,001

Expenses

$167,065

Net Income

-$131,064

Net Assets

$742,583

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6,510	18.1%
Dividends	$33,864	94.1%
Sales of Assets	-$4,937
Other Income	$564	1.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$134,359	80.4%
Compensation of Officers*	$26,244	15.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$744,147
Total Liabilities	$1,564
Net Assets	$742,583

Compensation

Key Employees and Officers	Compensation	Other
Eric S Millar (President/Tstee)	$13,122	$0
Holly D Millar (Secretary/Tstee)	$13,122	$0

990-PF

Filed on Nov. 13, 2019

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Fiscal Year Ending June
2018

Revenue

$109,738

Expenses

$170,752

Net Income

-$61,014

Net Assets

$873,647

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6,699	6.1%
Dividends	$34,229	31.2%
Sales of Assets	$68,474	62.4%
Other Income	$336	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$143,776	84.2%
Compensation of Officers*	$19,683	11.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$875,225
Total Liabilities	$1,578
Net Assets	$873,647

Compensation

Key Employees and Officers	Compensation	Other
Holly D Millar (Secretary/Tstee)	$9,842	$0
Eric S Millar (President/Tstee)	$9,841	$0

990-PF

Filed on Feb. 4, 2019

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Fiscal Year Ending June
2017

Revenue

$126,721

Expenses

$194,273

Net Income

-$67,552

Net Assets

$934,661

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,011	6.3%
Dividends	$36,669	28.9%
Sales of Assets	$81,730	64.5%
Other Income	$311	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$158,795	81.7%
Compensation of Officers*	$32,804	16.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$937,730
Total Liabilities	$3,069
Net Assets	$934,661

Compensation

Key Employees and Officers	Compensation	Other
Eric S Millar (President/Tstee)	$16,402	$0
Holly D Millar (Secretary/Tstee)	$16,402	$0

990-PF

Filed on Nov. 22, 2017

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Fiscal Year Ending June
2016

Revenue

$102,436

Expenses

$174,906

Net Income

-$72,470

Net Assets

$1,002,213

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,587	8.4%
Dividends	$37,767	36.9%
Sales of Assets	$56,082	54.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$146,986	84.0%
Compensation of Officers*	$21,870	12.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,003,857
Total Liabilities	$1,644
Net Assets	$1,002,213

Compensation

Key Employees and Officers	Compensation	Other
Eric S Millar (President/Tstee)	$10,935	$0
Holly D Millar (Secretary/Tstee)	$10,935	$0

990-PF

Filed on Nov. 30, 2016

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Fiscal Year Ending June
2015

Revenue

$74,365

Expenses

$138,769

Net Income

-$64,404

Net Assets

$1,074,683

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,159	13.7%
Dividends	$38,242	51.4%
Sales of Assets	$25,964	34.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$115,661	83.3%
Compensation of Officers*	$17,505	12.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,075,790
Total Liabilities	$1,107
Net Assets	$1,074,683

Compensation

Key Employees and Officers	Compensation	Other
Holly D Millar (Secretary/Tstee)	$8,753	$0
Eric S Millar (President/Tstee)	$8,752	$0

990-PF

Filed on Nov. 16, 2015

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Fiscal Year Ending June
2014

Revenue

$8,485

Expenses

$140,075

Net Income

-$131,590

Net Assets

$1,139,087

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13,629	> 100%
Dividends	$40,800	> 100%
Sales of Assets	-$45,944
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$116,430	83.1%
Compensation of Officers*	$17,515	12.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,140,200
Total Liabilities	$1,113
Net Assets	$1,139,087

Compensation

Key Employees and Officers	Compensation	Other
Eric S Millar (President/Tstee)	$8,758	$0
Holly D Millar (Secretary/Tstee)	$8,757	$0

990-PF

Filed on Sept. 8, 2014

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Fiscal Year Ending June
2013

Revenue

$100,609

Expenses

$134,634

Net Income

-$34,025

Net Assets

$1,270,677

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13,333	13.3%
Dividends	$30,939	30.8%
Sales of Assets	$56,337	56.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$115,801	86.0%
Compensation of Officers*	$13,042	9.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,271,790
Total Liabilities	$1,113
Net Assets	$1,270,677

990-PF

Filed on Dec. 19, 2013

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Fiscal Year Ending June
2012

Revenue

$80,702

Expenses

$123,002

Net Income

-$42,300

Net Assets

$1,304,702

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$15,254	18.9%
Dividends	$30,583	37.9%
Sales of Assets	$34,865	43.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$105,637	85.9%
Compensation of Officers*	$10,860	8.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,305,512
Total Liabilities	$810
Net Assets	$1,304,702

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

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Caroline & Roxanna Montrose Educational Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $33k (2025)

Expenses $45.2k (2025)

Total Assets $406k (2025)

Total Liabilities $1.54k (2025)

Tax Filings by Year

Fiscal Year Ending June 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$33k (2025)

Expenses

$45.2k (2025)

Total Assets

$406k (2025)

Total Liabilities

$1.54k (2025)

Fiscal Year Ending June
2025

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

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2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

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2011

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2010

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2009

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2008

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2007

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2006

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2005

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2004

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2003

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2002

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2001