Nmi Foundation
CHATTANOOGA, TN EIN: 85-3583237
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$563K
-93.5% YoY
Annual Giving
$9.0M
+592.8% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$3.0M
+592.8% YoY
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $562,607 | $8,645,071 | $4,752,604 |
| Revenue | $959,859 | $5,199,543 | $3,018,235 |
| Expenses | $9,042,323 | $1,307,076 | $2,572 |
| Qualifying Distributions | $9,035,900 | $1,303,470 | $362 |
| Net Investment Income | $59,436 | $195,937 | $16,025 |
| Distributable Amount | $73,477 | $194,741 | $78,919 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Nmi Foundation fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| R KINCAID MILLS | PRESIDENT AND TREASURER | 1 | — |
| OLAN MILLS II | SECRETARY | 0.5 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Tennessee $10.4M (100%)
States
Cities
Chattanooga
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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