Michel Foundation
- Assets
- $2.1m
- Revenue
- $119.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 09/2007
- Data as of
- 06/2024
- EIN
- 20-3424442
Organization Overview
Michel Foundation is located in Salt Lake City, UT. The organization was established in 2007. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michel Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Michel Foundation generated $119.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $335.1k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Michel Foundation has awarded 129 individual grants totaling $1,062,146. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICE ACTIVITIES
FOREIGN HUMANITARIAN SERVICES
COMMUNITY BASED MEDICAL SERVICE
HOUSING & TRANSPORTATION ASSISTANCE FOR NEEDY FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Uwe W Michel Trustee | 7 | $0 | |
Annete S Michel Trustee | 1 | $0 | |
Ullrich K Michel Trustee | 5 | $0 | |
Carola S Michel Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $118,979 |
| Total Revenue | $118,979 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $876 |
| Occupancy | $5,841 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,931 |
| Total operating and administrative expenses | $30,648 |
| Contributions, gifts, grants paid | $304,426 |
| Total expenses and disbursements | $335,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,088 |
| Savings and temporary cash investments | $633,201 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $100,618 |
| Investments—mortgage loans | $417,090 |
| Investments—other | $539,483 |
| Net Land, buildings, and equipment | $1,896 |
| Other assets | $0 |
| Total assets | $2,095,376 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Michel Foundation has awarded $304,426 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF JESUS CHRIST OF LDS PURPOSE: LIBIAN WELLS PROGRAM | $9,000 |
GIRL SCOUTS PURPOSE: GENERAL FUND | $130 |
BUILDING YOUTH PURPOSE: GENERAL FUND | $6,000 |
HOME AID PURPOSE: GENERAL FUND | $5,000 |
HABITAT FOR HUMANITY PURPOSE: GENERAL FUND | $2,000 |
ROTARTY INTERNATIONAL PURPOSE: GENERAL FUND | $17,879 |