Nate Mcmillan Foundation
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Only 22% of its spending went to programs.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
Our mission is to empower young men who have experienced fatherlessness by providing mentorship programs that equip them with tools values and the mindset to lead positive lives of purpose and impact.
- Income
- $291,487
- Spending
- $288,856
- Spent on programs
- 22%
- Reserves
- 1.3 months of spending
- Largest source of income
- donations and private grants, 100%
- Employees
- 2
- Volunteers
- 50
- Highest pay
- $85,000, executive director
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 53 out of 100. Higher than 19% of charities in its peer group (youth development, $250k to $1m).
Reserves
10 of 35Spendable reserves would cover 1.3 months of spending.
Debt
16 of 20It owes 18% of what it owns.
Living within its means
12 of 15Income exceeded spending by 1% of income.
Income trend
15 of 15Income rose 4% on the year before.
Spending floor
0 of 1522% of spending went to programs and raising each dollar of donations cost 33 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 51 out of 100. Higher than 24% of charities in its peer group (youth development, $250k to $1m).
Independent board
25 of 256 of 6 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $64,691 spent. Weve held 1 mentoring camp with over 150 participants. Weve completed an 8-week zoom session with mentees focused on career development. Weve completed a 12-week math tutorial program. Weve engaged with over 23 community partners. Weve maintained over a 50% retention rate of participants. Weve exposed participants to public speaking. We had over 25 mentoring events financial literacy classes and career development services. Weve had a successful basketball camp for mentees and the community as a part of the community service projects. Weve connected with moms and established a regular meeting cadence. Weve hosted several events and classes that encouraged the participants to lead and thrive. Weve hosted a regular zoom meeting with participants bi-monthly. Weve had several successful fundraisers each year. Weve traveled to Lenovo for career building and technology. We were recognized by Wake County Human Services for our work with the social and emotional competence of children. Weve served over 180 boys. Approximately 2,500 partners donors boys and moms touched since inception.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2023.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.