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The Milken Family Foundation

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 Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$4.49M (2024)

Expenses
$11.5M (2024)

Total Assets
$92M (2024)

Total Liabilities
$33.5k (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 Nov.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,491,625
Expenses
$11,474,014
Net Income
-$6,982,389
Net Assets
$91,964,051
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $173,129
3.9%
Dividends $139
0.0%
Sales of Assets $1,691,346
37.7%
Other Income $2,627,011
58.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $11,059,554
96.4%
Compensation of Officers* $1,097,276
9.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $91,997,597
Total Liabilities $33,546
Net Assets $91,964,051
Compensation
Key Employees and Officers Compensation Other
Jane Foley (Sr. Vp, Milken Educator Awards) $354,792 $42,142
Richard Yee (Sr. Vp & Cfo) $263,146 $30,202
Richard Sandler (Executive Vp & Secretary) $228,000 $37,247
Gary Panas (Vp Of Design) $209,583 $33,093
L Lesser (Creative Services Ad) $196,000 $35,401
D Elisha (Controller) $180,000 $21,993
Nikki Hayes (Vp, Post Production) $162,540 $25,759
Michael Hillman (Vp, Production) $150,000 $28,301
Stephanie Bishop (Vp, Milken Educator Awards) $144,233 $29,992
Paul Bliese (Vp, Photography) $144,133 $24,971
Jana Rausch (Vp, Communications) $141,917 $29,707
A Jarmon (Sr. Accountant) $134,767 $29,937
J Lyons (Executive Assistant) $134,767 $6,489
J Yingling (Writer) $129,583 $24,313
Joni Milken Noah (Vp, Mike's Math Club) $102,000 $23,118
Jennifer Fuller (Vp, Milken Educator Awards) $31,859 $4,634
Lowell Milken (Chairman & Director) $0 $0
Michael Milken (President & Director) $0 $0
Ralph Finerman (Sr. Vp & Director) $0 $0
Lynda Resnick (Director) $0 $0
Thomas Boysen (Director) $0 $0

Document Links

Fiscal Year Ending Nov.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,047,960
Expenses
$9,797,908
Net Income
-$4,749,948
Net Assets
$98,946,440
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $169,655
3.4%
Dividends $121
0.0%
Sales of Assets $2,560,201
50.7%
Other Income $2,317,983
45.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,356,187
95.5%
Compensation of Officers* $993,285
10.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $98,977,255
Total Liabilities $30,815
Net Assets $98,946,440
Compensation
Key Employees and Officers Compensation Other
Jane Foley (Sr. Vp, Milken Educator Awards) $323,917 $38,751
Richard Yee (Sr. Vp & Cfo) $252,367 $28,474
Richard Sandler (Executive Vp & Secretary) $228,000 $34,557
Gary Panas (Vp Of Design) $204,583 $30,928
Nikki Hayes (Vp, Post Production) $156,875 $24,229
L Lesser (Creative Services Ad) $152,000 $23,920
Michael Hillman (Vp, Production) $148,000 $25,562
Stephanie Bishop (Vp, Milken Educator Awards) $138,342 $30,748
Paul Bliese (Vp, Photography) $130,733 $23,075
Jana Rausch (Vp, Communications) $129,583 $26,916
J Lyons (Executive Assistant) $129,167 $6,263
A Jarmon (Sr. Accountant) $127,162 $27,685
J Yingling (Writer) $125,000 $22,806
G Gallagher (Alumni Program Direc) $119,742 $23,301
Joni Milken Noah (Vp, Mike's Math Club) $102,000 $21,839
Lowell Milken (Chairman & Director) $0 $0
Michael Milken (President & Director) $0 $0
Ralph Finerman (Sr. Vp & Director) $0 $0
Lynda Resnick (Director) $0 $0
Thomas Boysen (Director) $0 $0

Document Links

Fiscal Year Ending Nov.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,936,843
Expenses
$9,946,240
Net Income
$2,990,603
Net Assets
$103,696,388
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000
0.0%
Interest Revenue $50,151
0.4%
Dividends $120
0.0%
Sales of Assets $10,467,994
80.9%
Other Income $2,417,578
18.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,368,576
94.2%
Compensation of Officers* $1,063,916
10.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $103,726,189
Total Liabilities $29,801
Net Assets $103,696,388
Compensation
Key Employees and Officers Compensation Other
Jane Foley (Sr. Vp, Milken Educator Awards) $311,000 $35,163
Richard Yee (Sr. Vp & Cfo) $236,388 $25,779
L Lesser (Creative Services Ad) $235,613 $24,922
Richard Sandler (Executive Vp & Secretary) $228,000 $31,676
Gary Panas (Vp Of Design) $199,000 $28,151
Nikki Hayes (Vp, Post Production) $146,600 $21,821
Stephanie Bishop (Vp, Milken Educator Awards) $129,167 $27,433
Paul Bliese (Vp, Photography) $125,208 $20,830
Jana Rausch (Vp, Communications) $124,113 $24,202
J Yingling (Writer) $123,442 $20,735
Michael Hillman (Vp, Production) $122,971 $22,063
E Kerekes (Online Content & Soc) $119,433 $27,355
A Jarmon (Sr. Accountant) $119,346 $24,726
J Lyons (Executive Assistant) $118,638 $5,872
Joni Milken Noah (Vp, Mike's Math Club) $102,000 $19,795
Lowell Milken (Chairman & Director) $0 $0
Michael Milken (President & Director) $0 $0
Ralph Finerman (Sr. Vp & Director) $0 $0
Lynda Resnick (Director) $0 $0
Thomas Boysen (Director) $0 $0

Document Links

Fiscal Year Ending Nov.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,454,565
Expenses
$6,933,172
Net Income
$1,521,393
Net Assets
$100,705,785
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $29,769
0.4%
Dividends $124
0.0%
Sales of Assets $6,651,400
78.7%
Other Income $1,773,272
21.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,385,916
92.1%
Compensation of Officers* $699,449
10.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $100,736,755
Total Liabilities $30,970
Net Assets $100,705,785
Compensation
Key Employees and Officers Compensation Other
Lawrence Lesser (Sr. Vp, Creative Services) $311,756 $24,590
Jane Foley (Sr. Vp, Milken Educator Awards) $298,333 $29,910
Richard Sandler (Executive Vp & Secretary) $228,000 $27,084
Richard Yee (Sr. Vp & Cfo) $226,942 $22,198
Bonnie Somers (Sr. Vp, Communications) $207,592 $21,322
Gary Panas (Vp Of Design) $187,542 $23,677
N Hayes (Director Of Post Pro) $120,933 $17,360
J Rausch (Communications Direc) $116,257 $19,969
P Bliese (Director Of Photogra) $113,800 $17,092
E Kerekes (Online Content & Soc) $112,925 $22,480
A Jarmon (Sr. Accountant) $111,788 $20,309
Joni Milken Noah (Vp, Mike's Math Club) $102,000 $16,578
Lowell Milken (Chairman & Director) $0 $0
Michael Milken (President & Director) $0 $0
Ralph Finerman (Sr. Vp & Director) $0 $0
Lynda Resnick (Director) $0 $0
Thomas Boysen (Director) $0 $0

Document Links

Fiscal Year Ending Nov.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,889,879
Expenses
$8,269,633
Net Income
-$1,379,754
Net Assets
$99,184,392
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $133,000
1.9%
Interest Revenue $239,433
3.5%
Dividends $135
0.0%
Sales of Assets $0
Other Income $8,914,745
> 100%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $7,758,863
93.8%
Compensation of Officers* $667,327
8.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $99,205,599
Total Liabilities $21,207
Net Assets $99,184,392
Compensation
Key Employees and Officers Compensation Other
Lawrence Lesser (Sr. Vp, Creative Services) $303,520 $22,811
Jane Foley (Sr. Vp, Milken Educator Awards) $278,333 $27,177
Richard Sandler (Executive Vp & Secretary) $228,000 $24,683
Richard Yee (Sr. Vp & Cfo) $214,692 $20,092
Bonnie Somers (Sr. Vp, Communications) $201,417 $19,500
Gary Panas (Vp Of Design) $181,983 $21,199
J Rausch (Communications Direc) $110,683 $17,625
P Bliese (Director Of Photogra) $110,642 $15,399
E Kerekes (Online Content & Soc) $109,583 $19,490
A Jarmon (Sr. Accountant) $107,483 $17,473
N Hayes (Director Of Post Pro) $105,700 $15,189
Joni Milken Noah (Vp, Mike's Math Club) $102,000 $15,027
Lowell Milken (Chairman & Director) $0 $0
Michael Milken (President & Director) $0 $0
Ralph Finerman (Sr. Vp & Director) $0 $0
Lynda Resnick (Director) $0 $0
Thomas Boysen (Director) $0 $0

Document Links

Fiscal Year Ending Nov.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,934,694
Expenses
$7,206,174
Net Income
$1,728,520
Net Assets
$100,564,146
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $712,921
8.0%
Dividends $20,827
0.2%
Sales of Assets $4,731,289
53.0%
Other Income $3,469,657
38.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,641,810
92.2%
Compensation of Officers* $667,327
9.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $100,585,273
Total Liabilities $21,127
Net Assets $100,564,146

Document Links

Fiscal Year Ending Nov.
2018

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 Nov.
2016

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 Nov.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$27,852,920
Expenses
$16,684,835
Net Income
$11,168,085
Net Assets
$417,978,653
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $40,484
0.1%
Dividends $640,553
2.3%
Sales of Assets $10,664,449
38.3%
Other Income $16,507,434
59.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,064,269
90.3%
Compensation of Officers* $638,599
3.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $417,996,421
Total Liabilities $17,768
Net Assets $417,978,653

Document Links

Fiscal Year Ending Nov.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$29,330,439
Expenses
$17,862,696
Net Income
$11,467,743
Net Assets
$406,810,568
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $48,964
0.2%
Dividends $880,490
3.0%
Sales of Assets $2,828,747
9.6%
Other Income $25,572,238
87.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $16,340,464
91.5%
Compensation of Officers* $496,404
2.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $406,828,598
Total Liabilities $18,030
Net Assets $406,810,568

Document Links

Fiscal Year Ending Nov.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$115,335,577
Expenses
$19,844,155
Net Income
$95,491,422
Net Assets
$395,342,825
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $39,350,500
34.1%
Interest Revenue $38,778
0.0%
Dividends $1,677,727
1.5%
Sales of Assets $46,919,536
40.7%
Other Income $27,349,036
23.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $17,242,190
86.9%
Compensation of Officers* $498,835
2.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $395,358,055
Total Liabilities $15,230
Net Assets $395,342,825

Document Links

Fiscal Year Ending Nov.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$38,152,465
Expenses
$11,456,371
Net Income
$26,696,094
Net Assets
$338,300,291
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $40,862
0.1%
Dividends $1,755,613
4.6%
Sales of Assets $15,853,112
41.6%
Other Income $20,502,878
53.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,777,930
85.3%
Compensation of Officers* $483,626
4.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $338,315,405
Total Liabilities $15,114
Net Assets $338,300,291

Document Links

Fiscal Year Ending Nov.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$89,219,648
Expenses
$13,386,523
Net Income
$75,833,125
Net Assets
$311,604,197
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $25,468,801
28.5%
Interest Revenue $87,124
0.1%
Dividends $1,433,397
1.6%
Sales of Assets $44,631,377
50.0%
Other Income $17,598,949
19.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,986,889
82.1%
Compensation of Officers* $489,431
3.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $311,622,358
Total Liabilities $18,161
Net Assets $311,604,197

Document Links

Fiscal Year Ending Nov.
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 Nov.
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 Nov.
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 Nov.
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 Nov.
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 Nov.
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 Nov.
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 Nov.
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 Nov.
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 Nov.
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

Fiscal Year Ending Nov.
2000

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

What Is 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 »

Get the Data

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.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • 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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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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