Michelson Philanthropies Inc
- Assets
- $898.2k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2022
- EIN
- 87-2298894
Organization Overview
Michelson Philanthropies Inc is located in Los Angeles, CA. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Michelson Philanthropies Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICHELSON MEDICAL RESEARCH - SEE ATTACHMENT
FIRSTGEN- THIS PROGRAM UPLIFTS IMMIGRANT WOMEN THROUGH STORYTELLING THAT CELEBRATES THEIR CONTRIBUTIONS AND PROGRAMMING THAT FACILITATES THEIR PATHWAYS TO SUCCESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Karlin Michelson M D Director, President | 0 | $0 | |
Geoffrey Baum Secretary | 0 | $0 | |
David Cohen Chief Financial Officer | 0 | $0 | |
Michele Morris Project Manager | 40 | $73,115 | |
Emilee Generous Mktg./comm. Director | 20 | $47,603 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,500,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $127,171 |
| Pension plans, employee benefits | $28,766 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $35,604 |
| Printing and publications | $1,259 |
| Other expenses | $27,832 |
| Total operating and administrative expenses | $666,627 |
| Contributions, gifts, grants paid | $863,200 |
| Total expenses and disbursements | $1,529,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $823,568 |
| Savings and temporary cash investments | $0 |
| 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 | $65,635 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,957 |
| Total assets | $898,160 |
| Accounts payable and accrued expenses | $264,262 |
| Grants payable | $600,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $63,725 |
| Total liabilities | $927,987 |
Grants Awarded
Over the last fiscal year, Michelson Philanthropies Inc has awarded $263,200 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HUMAN IMMUNOME PROJECT INC PURPOSE: GENERAL OPERATING SUPPORT | $233,200 |
UPWARDLY GLOBAL PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
COMMUNITY PARTNERS PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |