Mikeroweworks Foundation
- Assets
- $6.7m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Los Angeles, CA
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 26-4324338
Organization Overview
Mikeroweworks Foundation is located in Los Angeles, CA. The organization was established in 2009. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Mikeroweworks Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mikeroweworks 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 12/2021, Mikeroweworks Foundation generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 6.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mikeroweworks Foundation has awarded 37 individual grants totaling $5,828,532. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEBUNK MYTHS AND MISPERCEPTIONS ABOUT THE SKILLED TRADES AND CLOSE THE SKILLS GAP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH OUR ANNUAL WORK ETHIC SCHOLARSHIP PROGRAM, WE INITIALLY SELECTED 138 RECIPIENTS TOTALING $1,050,750 IN WORK ETHIC SCHOLARSHIPS. 134 RECIPIENTS ULTIMATELY ACCEPTED THEIR AWARDS IN 17 ELIGIBLE SKILLED TRADE PROGRAMS ACROSS 38 STATES. THIS PROGRAM IS ABOUT RECOGNIZING THE PEOPLE WHO UNDERSTAND THE IMPORTANCE OF WORK ETHIC, PERSONAL RESPONSIBILITY, DELAYED GRATIFICATION, AND A POSITIVE ATTITUDE. THESE ARE THE HARDWORKING MEN AND WOMEN WHO KEEP THE LIGHTS ON, WATER RUNNING, AND AIR FLOWING. THE SCHOLARSHIP AWARDS RANGED FROM $1,800 TO $20,000 PER RECIPIENT, AND WOLVERINE GENEROUSLY DONATED A PAIR WOLVERINE BOOTS DIRECTLY TO THESE STUDENTS. WE ALSO HELPED FACILITATE THE GRANTING OF AN ADDITIONAL $40,000 THROUGH DIRECT TUITION CREDITS FOR WORK ETHIC SCHOLARSHIP RECIPIENTS ATTENDING UNIVERSAL TECHNICAL INSTITUTE.
THE FOUNDATION CONTINUALLY EXPANDS AND MAINTAINS ITS WEBSITE WHICH SERVES AS THE MARKETING AND COMMUNICATION VEHICLE FOR THE FOUNDATION AND IS CRITICAL IN NOT ONLY BRINGING ATTENTION TO THE SKILLS GAP PROBLEM BUT ALSO IN CONTINUING ITS FUNDRAISING EFFORTS.
WE FIRST STARTED TO DEVELOP A WORK ETHIC CURRICULUM IN 2019 THAT WE PILOTED AT A HANDFUL OF COLLEGES IN 2020. THE WORK ETHIC CURRICULUM FOCUSES ON THE 12 STATEMENTS OF THE S.W.E.A.T. PLEDGE. EACH STATEMENT HAS A STORY, AND EACH STORY COMES FROM MIKE ROWE'S PERSONAL EXPERIENCE WORKING WITH ENTREPRENEURS AND HARDWORKING PEOPLE ACROSS THE COUNTRY. EACH LESSON BREAKS DOWN THE ORIGIN OF EACH STATEMENT IN 12 LESSONS AND EXPLORES WHY WE BELIEVE EVERY STUDENT AND WORKER CAN BENEFIT FROM EMBRACING THIS PLEDGE, REGARDLESS OF THEIR JOB OR SKILLSET. THIS YEAR, WE SPENT A LOT OF TIME REVISING THE EXISTING CURRICULUM AS WELL AS EXPANDING IT TO INCLUDE A SECONDARY VERSION AS WELL AS HYBRID AND IN-PERSON FORMATS FOR BOTH SECONDARY AND POST-SECONDARY EDUCATION. SINCE THE INCEPTION OF THE CURRICULUM, WE'VE ISSUED MORE THAN 2,500 WORK ETHIC CERTIFICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael G Rowe CEO And CFO | OfficerTrustee | 5 | $0 |
Mary Sullivan President And COO | OfficerTrustee | 5 | $0 |
Kimberly Estrada Vice President And Secreta | OfficerTrustee | 10 | $0 |
Charles L Klausmeyer Board Member | Trustee | 10 | $0 |
Denise Longarzo Board Member | Trustee | 1 | $0 |
Michael Degan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,659,583 |
| Investment income | $13,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,068 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,996 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,751,531 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,518 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,845 |
| Fees for services: Accounting | $54,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,077 |
| Advertising and promotion | $0 |
| Office expenses | $5,300 |
| Information technology | $2,435 |
| Royalties | $0 |
| Occupancy | $49,789 |
| Travel | $2,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,309 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,380,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,066,582 |
| Savings and temporary cash investments | $1,674,219 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $438,087 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,037 |
| Investments—publicly traded securities | $2,534,153 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,453 |
| Other assets | $7,114 |
| Total assets | $6,728,645 |
| Accounts payable and accrued expenses | $8,851 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,851 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $6,719,794 |
Grants Awarded
Over the last fiscal year, Mikeroweworks Foundation has awarded $1,235,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN EDUCATION ASSISTANCE FOUNDATION INC PURPOSE: SCHOLARSHIP GRANT | $1,050,000 |
SOUTHEAST TECHNICAL INSTITUTE PURPOSE: SCHOLARSHIP GRANT | $25,000 |
LIME FOUNDATION PURPOSE: SCHOLARSHIP GRANT | $10,000 |
LAKE AREA TECHNICAL INSTITUTE PURPOSE: SCHOLARSHIP GRANT | $15,000 |
TACT KIDS INC PURPOSE: SCHOLARSHIP GRANT | $10,000 |
STAND TOGETHER INC PURPOSE: SCHOLARSHIP GRANT | $125,000 |