Patrick & Marysue Michels Family Foundation
- Assets
- $3.8m
- Revenue
- $1.6m
- Investments
- $3.3m
- Employees
- 0
- Location
- Brownsville, WI
- Founding
- Data as of
- 12/2022
- EIN
- 85-4224305
Organization Overview
Patrick & Marysue Michels Family Foundation is located in Brownsville, WI. 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. Patrick & Marysue Michels Family 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 12/2022, Patrick & Marysue Michels Family Foundation generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $163.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Patrick & Marysue Michels Family Foundation has awarded 37 individual grants totaling $486,500. 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 |
|---|---|---|---|
Patrick D Michels Trustee | 1 | $0 | |
Marysue Michels Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,600,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $77,765 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$28,832 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,204 |
| Total Revenue | $1,646,729 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $914 |
| Taxes | $13,546 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $206 |
| Total operating and administrative expenses | $23,377 |
| Contributions, gifts, grants paid | $140,500 |
| Total expenses and disbursements | $163,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,842 |
| Savings and temporary cash investments | $464,239 |
| 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 | $402,038 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,756,454 |
| 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, Patrick & Marysue Michels Family Foundation has awarded $140,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHDIOCESE OF MILWAUKEE PURPOSE: CATHOLIC STEWARDSHIP APPEAL | $10,000 |
BADGERLAND YOUTH FOR CHRIST PURPOSE: OPERATING EXPENSES | $50,000 |
FAITH UNITED METHODIST CHURCH PURPOSE: OPERATING EXPENSES | $1,000 |
FOND DU LAC AREA FOUNDATION PURPOSE: DAVIG G. COOK SCHOLARSHIP FUND | $5,000 |
FONDY FOOD PANTRY PURPOSE: OPERATING EXPENSES | $5,000 |
FOND DU LAC SYMPHONIC BAND PURPOSE: OPERATING EXPENSES | $6,000 |