Micron Technology Foundation Inc
- Assets
- $125.0m
- Revenue
- $15.7m
- Investments
- $117.0m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 82-0516178
Organization Overview
Micron Technology Foundation Inc is located in Boise, ID. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Micron Technology 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 12/2021, Micron Technology Foundation Inc generated $15.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $14.7m during the year ending 12/2021. While expenses have increased by 15.2% per year over the past 4 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 2020, Micron Technology Foundation Inc has awarded 68 individual grants totaling $37,165,669. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Poppen Director & President | 1 | $0 | |
Dee K Mooney Executive Director/secretary | 1 | $0 | |
Markus Balb Director | 1 | $0 | |
Sumit Sadana Director | 1 | $0 | |
Linda Somerville Director | 1 | $0 | |
Sanjay Mehrotra Director & Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,694,906 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,964,035 |
| Capital Gain Net Income | $6,964,035 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,658,941 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53,001 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,181 |
| Printing and publications | $0 |
| Other expenses | $381,240 |
| Total operating and administrative expenses | $1,465,805 |
| Contributions, gifts, grants paid | $13,218,183 |
| Total expenses and disbursements | $14,683,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $756,377 |
| Savings and temporary cash investments | $7,182,659 |
| 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 | $99,709 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,858,445 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $125,043,825 |
| Accounts payable and accrued expenses | $46,263 |
| Grants payable | $2,206,000 |
| 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 | $2,252,263 |
Grants Awarded
Over the last fiscal year, Micron Technology Foundation Inc has awarded $14,175,683 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Newark, DE PURPOSE: MATCHING GIFTS, COMMUNITY AND STEM EDUCATION GRANTS | $8,034,325 |
UK ONLINE GIVING FOUNDATION PURPOSE: MATCHING GIFTS, COMMUNITY AND STEM EDUCATION GRANTS | $3,098,942 |
Boise, ID PURPOSE: THE MICRON LEADERSHIP ACADEMY FOR INCLUSIVE EXCELLENCE AND COLLEGE OF ENGINEERING STUDENT SUCCESS CENTER | $835,000 |
Moscow, ID PURPOSE: SEMICONDUCTOR CAREER READINESS ORGANIZATION SUPPORT AND DIRECTOR OF DIVERSITY AND INCLUSION IN THE COLLEGE OF ENGINEERING | $375,000 |
TSING HUA UNIVERSITY PURPOSE: TAIWAN SEMICON ACADEMY PILOT | $360,000 |
San Jose, CA PURPOSE: ELEVATE AND COMPUTER SCIENCE INSTITUTE | $176,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Ray And Tye Noorda Foundation Lindon, UT | $188,322,162 | $42,549,813 |
Thrive Causemetics Foundation Bellevue, WA | $5,555,942 | $8,797,196 |
Micron Technology Foundation Inc Boise, ID | $125,043,825 | $15,658,941 |
Liana Foundation Inc Jackson, WY | $99,821,769 | $1,410,375 |
The Caesars Foundation Las Vegas, NV | $826,760 | $3,036,101 |
Mount Baker Foundation Bellingham, WA | $42,225,548 | $9,346,004 |
Gardner Grout Foundation Reno, NV | $45,159,236 | $3,628,309 |
Craig And Susan Mccaw Foundation Kirkland, WA | $12,162,493 | $989,970 |
Call Foundation Salt Lake City, UT | $71,663,445 | $17,181,002 |
Mona Foundation Bellevue, WA | $4,431,589 | $2,318,161 |
Mary H Storer Foundation Cheyenne, WY | $21,336,480 | $2,942,108 |
Allen Institute For Artificial Intelligence Seattle, WA | $34,288 | $1,296,035 |