The Michael Foundation Inc
- Assets
- $1.4m
- Revenue
- $7.3k
- Investments
- $1.2m
- Employees
- 0
- Location
- Phoenixville, PA
- Founding
- 11/1992
- Data as of
- 06/2023
- EIN
- 58-1992204
Organization Overview
The Michael Foundation Inc is located in Phoenixville, PA. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Michael 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 06/2023, Michael Foundation Inc generated $7.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.1%) each year. All expenses for the organization totaled $141.7k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Michael Foundation Inc has awarded 103 individual grants totaling $685,192. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO PROMOTE WALDORF METHOD OF EDUCATION - GRANTS AWARDED TO 7 ORGANIZATIONS AND 7 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Hill Pres/director | 20 | $32,000 | |
Marsha Hill Secretary/director | 10 | $0 | |
Jeffrey Spade Treasurer/director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,112 |
| Dividends & Interest | $42,201 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$47,000 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27 |
| Total Revenue | $7,340 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,480 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $792 |
| Printing and publications | $0 |
| Other expenses | $1,686 |
| Total operating and administrative expenses | $54,743 |
| Contributions, gifts, grants paid | $87,000 |
| Total expenses and disbursements | $141,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $145,204 |
| 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 | $217,116 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,367,679 |
| 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, The Michael Foundation Inc has awarded $87,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR ANTHROPOSOPHY PURPOSE: TEACHER SCHOLARSHIPS FOR RENEWAL TRAINING IN THE WALDORF METHOD | $3,500 |
SUNBRIDGE INSTITUTE PURPOSE: TO PROMOTE THE WALDORF METHOD OF EDUCATION | $14,000 |
DETROIT WALDORF SCHOOL PURPOSE: TEACHER INTERNSHIP | $10,000 |
BAY AREA CENTER FOR WALDORF TEACHER TRAINING (BACWTT) PURPOSE: WALDORF TEACHER TRAINING TUITION ASSISTANCE | $14,000 |
THE NATURE INSTITUTE PURPOSE: TO PROMOTE THE WALDORF METHOD OF EDUCATION. | $3,000 |
THE WALDORF INSTITUTE OF SOUTHERN CALIFORNIA (WISC) PURPOSE: TO PROMOTE THE WALDORF METHOD OF EDUCATION | $10,000 |