Gary and Lennie Michelson Family Foundation
- Assets
- $128.6k
- Revenue
- $9.7k
- Investments
- $128.4k
- Employees
- 0
- Location
- Flanders, NJ
- Founding
- Data as of
- 12/2017
- EIN
- 26-1623867
Organization Overview
Gary and Lennie Michelson Family Foundation is located in Flanders, NJ.
For the year ending 12/2017, Gary and Lennie Michelson Family Foundation generated $9.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $12.7k during the year ending 12/2017. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary A Michelson Director | 1 | $0 | |
Lennie F Michelson Director | 1 | $0 | |
Amy Lara Brown Castronovo Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $3,868 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,854 |
| Capital Gain Net Income | $5,854 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,724 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $1,241 |
| Contributions, gifts, grants paid | $11,417 |
| Total expenses and disbursements | $12,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $128,397 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $128,621 |
| 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, Gary and Lennie Michelson Family Foundation has awarded $11,417 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE DEFENDING FREEDOM PURPOSE: DEFENSE OF RELIGIOUS FREEDOM | $1,000 |
AMERICARES PURPOSE: DISASTER AID AND SUPPLIES | $1,500 |
PROSTATE CANCER FOUNDATION PURPOSE: PROSTATE CANCER RESEARCH MISSION | $2,547 |
CARE CORPS INTERNATIONAL PURPOSE: CRISIS CARE EDUCATION RESOURCE | $650 |
THE V FOUNDATION FOR CANCER RESEARCH PURPOSE: CANCER RESEARCH | $500 |
LINCOLN UNIVERSITY PURPOSE: LINCOLN FUND SCHOLARSHIP FUND | $1,000 |