Nonprofit · EIN 85-4096057
SUSAN AND SCOT MILCHMAN FAMILY FOUNDATION
Tax-exempt · MONTECITO, CA 93108
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $104,164 | $362,284 | -$258,120 | $4,520,157 | $0 | $4,520,157 |
| December 31, 2024 | 990-PF | $236,040 | $260,232 | -$24,192 | $4,778,277 | $0 | $4,778,277 |
| December 31, 2023 | 990-PF | -$4,807 | $233,267 | -$238,074 | $4,802,469 | $0 | $4,802,469 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $25
- Dividends
- $149,879
- Interest
- $13
- Net gain from sales of assets
- -$45,753
Expenses
- Grants and similar amounts paid
- $340,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $343,998
- Excise tax on investment income
- $1,905
Balance sheet and other
- Total assets, start of year
- $4,778,277
- Total assets, end of year
- $4,520,157
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,520,157
- Fair market value of assets
- $5,524,538
- Qualifying distributions
- $343,998
- Net investment income
- $149,892
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN H MILCHMAN 206 OLIVE MILL ROAD, MONTECITO, CA 93108 | PRESIDENT/ASST SECRETARY & TREASURER | 1 | $0 |
| SCOT J MILCHMAN 206 OLIVE MILL ROAD, MONTECITO, CA 93108 | VICE PRESIDENT/SECRETARY/TREASURER | 1 | $0 |
| BRIAN O'CONNELL 1161 WAYZATA BLVD E 192, WAYZATA, MN 55391 | CHAIR | 1 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN H MILCHMAN 2735 DEAN PARKWAY, MINNEAPOLIS, MN 55416 | PRESIDENT/ASST SECRETARY & TREASURER | 1 | $0 |
| SCOT J MILCHMAN 2735 DEAN PARKWAY, MINNEAPOLIS, MN 55416 | VICE PRESIDENT/SECRETARY/TREASURER | 1 | $0 |
| BRIAN O'CONNELL 1161 WAYZATA BLVD E 192, WAYZATA, MN 55391 | CHAIR | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN H MILCHMAN 2735 DEAN PARKWAY, MINNEAPOLIS, MN 55416 | PRESIDENT/ASST SECRETARY & TREASURER | 1 | $0 |
| SCOT J MILCHMAN 2735 DEAN PARKWAY, MINNEAPOLIS, MN 55416 | VICE PRESIDENT/SECRETARY/TREASURER | 1 | $0 |
| BRIAN O'CONNELL 1161 WAYZATA BLVD E 192, WAYZATA, MN 55391 | CHAIR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 206 OLIVE MILL RD, MONTECITO, CA 93108-2426
- Signed the 990-PF
- SCOT J MILCHMAN, VICE PRESIDENT
- Phone
- (612) 327-5852
- Return prepared by
- RSM US LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 85-4096057 or by the name SUSAN AND SCOT MILCHMAN FAMILY FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 85-4096057
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $4,520,157
- Income (IRS master file)
- $504,164
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $104,164 | $362,284 | $4,520,157 | XML |
| 990-PF | December 2024 | $236,040 | $260,232 | $4,778,277 | IRS |
| 990-PF | December 2023 | -$4,807 | $233,267 | $4,802,469 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | 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 85-4096057).
Questions about SUSAN AND SCOT MILCHMAN FAMILY FOUNDATION
- What is the EIN of SUSAN AND SCOT MILCHMAN FAMILY FOUNDATION?
- The employer identification number (EIN) of SUSAN AND SCOT MILCHMAN FAMILY FOUNDATION is 85-4096057.
- Is SUSAN AND SCOT MILCHMAN FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to SUSAN AND SCOT MILCHMAN FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SUSAN AND SCOT MILCHMAN FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SUSAN AND SCOT MILCHMAN FAMILY FOUNDATION 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 SUSAN AND SCOT MILCHMAN FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of SUSAN AND SCOT MILCHMAN FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does SUSAN AND SCOT MILCHMAN FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $104,164, expenses of $362,284 and total assets of $4,520,157 at year end.
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