George And Carol Milne Foundation

Boca Grande, FL
Tax-exempt since March 2004
EIN: 51-0486900

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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.

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

Donations to this organization are tax deductible.

Revenue

$882k (2024)

Expenses

$231k (2024)

Total Assets

$10.7M (2024)

Total Liabilities

$0 (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Revenue

$881,568

Expenses

$230,862

Net Income

$650,706

Net Assets

$10,728,982

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$390,556	44.3%
Sales of Assets	$530,009	60.1%
Other Income	-$38,997

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$171,944	74.5%
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	$10,728,982
Total Liabilities	$0
Net Assets	$10,728,982

Compensation

Key Employees and Officers	Compensation	Other
George M Milne Jr (Trustee)	$0	$0
Carol T Milne (Trustee)	$0	$0

990-PF

Filed on Nov. 11, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$1,445,644

Expenses

$535,467

Net Income

$910,177

Net Assets

$10,078,276

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$350,420	24.2%
Sales of Assets	$1,125,321	77.8%
Other Income	-$30,097

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$416,898	77.9%
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	$10,078,276
Total Liabilities	$0
Net Assets	$10,078,276

Compensation

Key Employees and Officers	Compensation	Other
George M Milne Jr (Trustee)	$0	$0
Carol T Milne (Trustee)	$0	$0

990-PF

Filed on Jan. 17, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$535,454

Expenses

$401,381

Net Income

$134,073

Net Assets

$9,168,099

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$113,086	21.1%
Interest Revenue	$0
Dividends	$265,504	49.6%
Sales of Assets	$139,404	26.0%
Other Income	$17,460	3.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$300,185	74.8%
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	$9,168,099
Total Liabilities	$0
Net Assets	$9,168,099

Compensation

Key Employees and Officers	Compensation	Other
George M Milne Jr (Trustee)	$0	$0
Carol T Milne (Trustee)	$0	$0

990-PF

Filed on Oct. 26, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,738,055

Expenses

$1,094,384

Net Income

$643,671

Net Assets

$9,034,026

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$860,039	49.5%
Interest Revenue	$0
Dividends	$218,222	12.6%
Sales of Assets	$650,901	37.4%
Other Income	$8,893	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,019,641	93.2%
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	$9,034,026
Total Liabilities	$0
Net Assets	$9,034,026

Compensation

Key Employees and Officers	Compensation	Other
George M Milne Jr (Trustee)	$0	$0
Carol T Milne (Trustee)	$0	$0

990-PF

Filed on Dec. 9, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2020

Revenue

$859,029

Expenses

$521,145

Net Income

$337,884

Net Assets

$8,390,354

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$556,667	64.8%
Interest Revenue	$0
Dividends	$129,713	15.1%
Sales of Assets	$132,967	15.5%
Other Income	$39,682	4.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$445,768	85.5%
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	$8,390,355
Total Liabilities	$1
Net Assets	$8,390,354

Compensation

Key Employees and Officers	Compensation	Other
George M Milne Jr (Trustee)	$0	$0
Carol T Milne (Trustee)	$0	$0

990-PF

Filed on Nov. 11, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2019

Revenue

$234,783

Expenses

$529,914

Net Income

-$295,131

Net Assets

$8,079,768

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,000	1.3%
Interest Revenue	$0
Dividends	$176,675	75.3%
Sales of Assets	$44,231	18.8%
Other Income	$10,877	4.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$488,800	92.2%
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	$8,079,769
Total Liabilities	$1
Net Assets	$8,079,768

Compensation

Key Employees and Officers	Compensation	Other
George M Milne Jr (Trustee)	$0	$0
Carol T Milne (Trustee)	$0	$0

990-PF

Filed on Nov. 16, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2018

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$1,494,329

Expenses

$240,862

Net Income

$1,253,467

Net Assets

$5,967,300

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$725,375	48.5%
Interest Revenue	$0
Dividends	$150,849	10.1%
Sales of Assets	$553,162	37.0%
Other Income	$64,943	4.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$193,400	80.3%
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	$5,967,300
Total Liabilities	$0
Net Assets	$5,967,300

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$893,678

Expenses

$264,592

Net Income

$629,086

Net Assets

$5,083,630

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$546,183	61.1%
Interest Revenue	$10	0.0%
Dividends	$132,693	14.8%
Sales of Assets	$135,253	15.1%
Other Income	$79,539	8.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$227,100	85.8%
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	$5,083,630
Total Liabilities	$0
Net Assets	$5,083,630

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$251,849

Expenses

$118,127

Net Income

$133,722

Net Assets

$4,563,178

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,025	2.0%
Interest Revenue	$129	0.1%
Dividends	$92,142	36.6%
Sales of Assets	$108,616	43.1%
Other Income	$45,937	18.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$65,420	55.4%
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	$4,563,178
Total Liabilities	$0
Net Assets	$4,563,178

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$1,396,296

Expenses

$273,939

Net Income

$1,122,357

Net Assets

$4,246,031

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$800,589	57.3%
Interest Revenue	$97	0.0%
Dividends	$68,237	4.9%
Sales of Assets	$446,920	32.0%
Other Income	$80,453	5.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$249,831	91.2%
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	$4,246,031
Total Liabilities	$0
Net Assets	$4,246,031

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$150,760

Expenses

$115,119

Net Income

$35,641

Net Assets

$2,966,202

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,000	2.7%
Interest Revenue	$40	0.0%
Dividends	$66,629	44.2%
Sales of Assets	$72,802	48.3%
Other Income	$7,289	4.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$86,279	74.9%
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	$2,966,202
Total Liabilities	$0
Net Assets	$2,966,202

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

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George And Carol Milne Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $882k (2024)

Expenses $231k (2024)

Total Assets $10.7M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Revenue

$882k (2024)

Expenses

$231k (2024)

Total Assets

$10.7M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003