Nonprofit · EIN 20-1662573
MILK BANK INC
Tax-exempt · INDIANAPOLIS, IN 46250
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,423,942 | $3,237,731 | $1,186,211 | $5,939,244 | $1,109,904 | $4,829,340 |
| December 31, 2024 | 990 | $3,325,285 | $2,577,415 | $747,870 | $4,756,925 | $1,129,842 | $3,627,083 |
| December 31, 2023 | 990 | $2,916,030 | $2,024,149 | $891,881 | $4,041,879 | $1,175,364 | $2,866,515 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $357,271
- of which government grants
- $62,970
- Program service revenue
- $3,943,323
- Investment income
- $120,706
- Other revenue
- $2,642
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $150,126
- Other salaries and wages
- $1,037,421
- Salaries, compensation and benefits (total)
- $1,345,997
- Professional fundraising fees
- $0
- Legal fees
- $16,411
- Accounting fees
- $32,242
- Occupancy
- $137,837
- Travel
- $9,379
- Depreciation
- $43,190
- Program services (functional)
- $2,665,028
- Management and general (functional)
- $329,683
- Fundraising (functional)
- $243,020
Balance sheet and other
- Total assets, start of year
- $4,756,925
- Total assets, end of year
- $5,939,244
- Total liabilities, end of year
- $1,109,904
- Net assets, end of year
- $4,829,340
- Land, buildings and equipment
- $275,548
- Net assets without donor restrictions
- $4,744,708
- Net assets with donor restrictions
- $84,632
- Gross receipts
- $4,423,942
- Employees
- 34
- Volunteers
- 217
- Year formed
- 2004
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FREEDOM KOLB | CEO Officer | 40 | $143,912 | $6,214 |
| JULIE KIRBY | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| NICOLE MCDANIEL CPA | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| EKANEM AKINOLA MD FAAP IBCLC | MEDICAL DIRECTOR Trustee or director, Officer | 3 | $0 | $0 |
| APRIL DALES | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| ANGKA HINSHAW ESQ | PRESIDENT-ELECT Trustee or director, Officer | 3 | $0 | $0 |
| SHARON ANDREWS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VALERIE BECKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHRYN BOWMAN PHARMD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSE DAVIS MD MBA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WHITNEY FOUGHTY MBA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAY GUO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICOLE GEIST MSN RN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHELLEY JACKSON JD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHELSEA SPICKELMIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BONNIE LOGSDON IBCLC | DIRECTOR Trustee or director | 1 | $0 |
| NICOLE MORGAN PARMD BCOP | DIRECTOR Trustee or director | 1 | $0 |
| SARAH MUDD CPA | DIRECTOR Trustee or director | 1 | $0 |
| KATELYNN MULINIX MBA | DIRECTOR Trustee or director | 1 | $0 |
| SARAH ROHR | DIRECTOR Trustee or director | 1 | $0 |
| ASHLEY SCHWANDT | DIRECTOR Trustee or director | 1 | $0 |
| KRISTEN TIPPIT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FREEDOM KOLB | EXECUTIVE DIRECTOR Officer | 40 | $111,372 | $10,472 |
| JULIE KIRBY | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| NICOLE MCDANIEL CPA | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| EKANEM AKINOLA MD FAAP IBCLC | MEDICAL DIRECTOR Trustee or director, Officer | 3 | $0 | $0 |
| APRIL DALES | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| ANGKA HINSHAW ESQ | PRESIDENT-ELECT Trustee or director, Officer | 3 | $0 | $0 |
| SHARON ANDREWS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VALERIE BECKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHRYN BOWMAN PHARMD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSE DAVIS MD MBA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELISSA EGGEN PHD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WHITNEY FOUGHTY MBA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAY GUO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICOLE GEIST MSN RN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHELLEY JACKSON JD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIRJANA LAKICH MBA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BONNIE LOGSDON IBCLC | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICOLE MORGAN PARMD BCOP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARAH MUDD CPA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATELYNN MULINIX MBA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARAH ROHR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ASHLEY SCHWANDT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHELSEA SPICKELMIER JD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRISTEN TIPPIT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAMEUAL WRIGHT MD MBA | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FREEDOM KOLB | EXECUTIVE DIRECTOR Officer | 40 | $102,493 | $9,503 |
| ANGKA HINSHAW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EKA AKINOLA MD FAAP IBCLC | MEDICAL DIRECTOR Trustee or director, Officer | 3 | $0 | $0 |
| AZZA H AHMED DNSC RN IBCLC | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BONNIE LOGSDON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| APRIL DALES | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| NICOLE GEIST | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| STACY L HANEFELD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICOLE MCDANIEL CPA | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| VALERIE BECKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIRJANA LAKICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHELLEY JACKSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHRYN SOBOTOWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CYNTHIA DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSE DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIE KIRBY | PRESIDENT-ELECT Trustee or director, Officer | 3 | $0 | $0 |
| NICOLE MORGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELISSA EGGEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARAH MUDD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATELYNN MULINIX MBA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHELSEA SPICKELMIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAMEUAL WRIGHT MD MBA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WHITNEY FOUGHTY | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8020 CASTLEWAY DR, INDIANAPOLIS, IN 46250-1943
- Principal officer (990 for 2025)
- FREEDOM KOLB, 8020 CASTLEWAY DRIVE, INDIANAPOLIS, IN 46250
- Signed the 990
- FREEDOM KOLB, EXECUTIVE DIRECTOR
- Phone
- (317) 536-1670
- Website
- WWW.THEMILKBANK.ORG
- Return prepared by
- PILE CPA'S
Mission
TO SAVE INFANT LIVES AND IMPROVE HEALTH OUTCOMES BY PROVIDING ACCESS TO SAFE HUMAN MILK.
Program accomplishments
- THE ORGANIZATION IMPROVES HEALTH OUTCOMES FOR PREMATURE AND ILL BABIES, FOSTER BETTER HEALTH FOR CHILDREN, AND DECREASE HEALTH CARE EXPENDITURES. THE ORGANIZATION RECEIVES HUMAN MILK FROM CAREFULLY SCREENED DONORS TO PASTEURIZE, FREEZE AND DISTRIBUTE THROUGHOUT THE UNITED STATES.Expenses $2,665,028 · revenue $3,945,965
- N/A
- N/A
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1662573
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E60)
- Assets (IRS master file)
- $5,939,244
- Income (IRS master file)
- $4,423,942
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,423,942 | $3,237,731 | $5,939,244 | XML |
| 990 | December 2024 | $3,325,285 | $2,577,415 | $4,756,925 | IRS |
| 990 | December 2023 | $2,916,030 | $2,024,149 | $4,041,879 | XML |
| 990 | December 2022 | $2,505,212 | $2,009,879 | $3,169,254 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1662573).
Questions about MILK BANK INC
- What is the EIN of MILK BANK INC?
- The employer identification number (EIN) of MILK BANK INC is 20-1662573.
- Is MILK BANK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to MILK BANK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MILK BANK INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MILK BANK INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MILK BANK INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MILK BANK INC?
- The 990 for the year ended December 31, 2025 names FREEDOM KOLB.
- Who are the officers and directors of MILK BANK INC?
- The 990 for the year ended December 31, 2025 lists 22 people; 1 received compensation from the organization, the highest $143,912 (FREEDOM KOLB, CEO).
- How much revenue does MILK BANK INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,423,942, expenses of $3,237,731 and total assets of $5,939,244 at year end.
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