Micheli Family Foundation Inc
- Assets
- $4.0m
- Revenue
- $698.8k
- Investments
- $4.0m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 47-2446326
Organization Overview
Micheli Family Foundation Inc is located in Boston, MA. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Micheli Family Foundation Inc 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 12/2022, Micheli Family Foundation Inc generated $698.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $239.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Micheli Family Foundation Inc has awarded 110 individual grants totaling $913,750. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lyle J Micheli MD President & Treasurer | 0 | $0 | |
Anne J Micheli Secretary | 0 | $0 | |
Elisabeth Micheli Director | 0 | $0 | |
Amanda Micheli Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $405,657 |
| Interest on Savings | $0 |
| Dividends & Interest | $86,242 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $206,857 |
| Capital Gain Net Income | $206,857 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $698,756 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,108 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $39,285 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $239,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,646 |
| 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 | $522,888 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,974,991 |
| 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, Micheli Family Foundation Inc has awarded $200,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BATTERY FOUNDATION 2020 PURPOSE: CHARITABLE | $4,000 |
ANGELL MEMORIAL HOSPITAL PURPOSE: CHARITABLE. | $10,000 |
BOSTON CHILDREN'S HOSPITAL TRUST PURPOSE: CHARITABLE | $50,000 |
GEENA DAVIS INSTITUTE PURPOSE: YOUTH LEADERSHIP AND EDUCATION | $3,000 |
BROOKLINE COMMUNITY FOUNDATION PURPOSE: YOUTH LEADERSHIP AND EDUCATION | $5,000 |
GIFFORDS FOUNDATION PURPOSE: YOUTH LEADERSHIP AND EDUCATION | $7,000 |