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The Milk Bank Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 201662573 ✦ Indianapolis, IN ✦ Designated as a 501(c)(3)

Overview

What is The Milk Bank Inc?

The Milk Bank Inc is a nonprofit organization, supported by the community, situated in Indianapolis, Indiana. Its primary mission is to enhance health outcomes for premature and sick babies, promote better health for children, and decrease healthcare expenditures. They achieve this by receiving donated human milk from thoroughly screened donors, subjecting it to pasteurization, freezing, and distribution across the United States. This practice supports the well-being of infants and contributes to improved health outcomes. The organization currently employs 24 individuals.


Official website here: www.themilkbank.org

Is The Milk Bank Inc legitimate?

The Milk Bank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Milk Bank Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $111,916
Professional Fundraising Fees: $0
Other Salaries and Wages: $520,168

For more financial information, click here


Official website here: www.themilkbank.org

What is the mission statement of The Milk Bank Inc?

The Milk Bank Inc, established as a non-profit organization, was founded with the mission to enhance health outcomes for premature and sick babies. This is achieved by providing access to safe human milk. By sourcing milk from thoroughly screened donors, the organization pursues better health for children and contributes to reducing healthcare expenses. Through pasteurization, freezing, and distribution across the United States, The Milk Bank Inc plays a crucial role in improving health outcomes for these vulnerable infants.


Official website here: www.themilkbank.org

Who is the CEO of The Milk Bank Inc?

Freedom Kolb is the Past President of The Milk Bank Inc.


Official website here: www.themilkbank.org

What is the revenue of The Milk Bank Inc?

The Milk Bank Inc's revenue in 2022 was $2,505,212.


Official website here: www.themilkbank.org

Who are the executives of The Milk Bank Inc and what are their salaries?

The average compensation at The Milk Bank Inc during 2022 was $26,337. There are 24 employees and 367 volunteers at The Milk Bank Inc.

Here are 23 key members and their salaries:

    Freedom Kolb (Executive Director)
  • Compensation: $102,979
  • Related: $0
  • Other: $8,937

    • Courtney Jones (Past President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Myka Rusnak (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eka Akinola Md Faap Ibclc (Medical Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Azza H Ahmed Dnsc Rn Ibclc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrea Brummett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • April Dales (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicole Geist (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stacy L Hanefeld (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicole Mcdaniel Cpa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Valerie Becker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mirjana Lakich (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shelley Jackson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathryn Sobotowski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Destiny Scott Wells (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alexis Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julie Kirby (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kelli Brien (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melissa Eggen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sissy Engle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katelynn Mulinix Mba (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chelsea Spickelmier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cameual Wright Md Mba (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.themilkbank.org

    Where can I find the form 990 for The Milk Bank Inc?

    The The Milk Bank Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.themilkbank.org

    Learn more at the official website: www.themilkbank.org

    Mission Statement of The Milk Bank Inc

    The Milk Bank Inc, established as a non-profit entity, is dedicated to improving health outcomes for premature and ill babies. Their primary mission is to save infant lives and enhance health outcomes by providing access to safe human milk. This organization achieves its goal by receiving donated human milk from meticulously screened donors. The milk is then pasteurized, frozen, and distributed across the United States. By doing so, The Milk Bank Inc aims to foster better health for children, decrease healthcare expenditures, and ultimately contribute to improved overall health outcomes.

    Impact

    This information is meant to be a general summary of The Milk Bank Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 1, 2024

    The Milk Bank Inc saves infant lives and improves health outcomes by providing access to safe human milk. They receive human milk from carefully screened donors, pasteurize, freeze, and distribute it throughout the United States. The organization's impact includes improving health outcomes for premature and ill babies, fostering better health for children, and decreasing healthcare expenditures.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,367
  • Program Service Revenue: $2,079,095
  • Gross Receipts: $2,506,857

    • Assets and Liabilities:
  • Total Assets: $3,169,254
  • Total Liabilities: $1,205,290
  • Net Assets: $1,963,964
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MILK PROCESSING FEES

    Revenue

    $2,079,095

    Organization Details

    Founding Year

    2004

    Principal Officer

    Freedom Kolb

    Main Address

    8020 CASTLEWAY DRIVE, INDIANAPOLIS, IN, 46250

    NTEE Category

    Code: E60 - Health

    If you are a representative of The Milk Bank Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.