Herbert I & Elsa B Michael Foundation
- Assets
- $5.9m
- Revenue
- $390.6k
- Investments
- $5.9m
- Employees
- 0
- Location
- Portland, OR
- Founding
- 07/1956
- Data as of
- 09/2022
- EIN
- 87-6122556
Organization Overview
Herbert I & Elsa B Michael Foundation is located in Portland, OR. The organization was established in 1956. 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. Herbert I & Elsa B Michael 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 09/2022, Herbert I & Elsa B Michael Foundation generated $390.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $660.2k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Herbert I & Elsa B Michael Foundation has awarded 254 individual grants totaling $1,400,200. 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 |
|---|---|---|---|
Us Bank National Association Trustee | 0 | $81,851 | |
Keith Odendahl Char Committee | 0 | $2,490 | |
Matthew Durrant Char Committee | 0 | $2,490 | |
Taylor Randall Char Committee | 0 | $2,490 | |
Jason W Hardin Co-Trustee | 0 | $581 | |
Swenson Law Firm Llc Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $152,865 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $237,492 |
| Capital Gain Net Income | $237,492 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $212 |
| Total Revenue | $390,570 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $89,902 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,119 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,507 |
| Total operating and administrative expenses | $109,034 |
| Contributions, gifts, grants paid | $551,200 |
| Total expenses and disbursements | $660,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,986 |
| Savings and temporary cash investments | $54,523 |
| 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 | $1,221 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,937,719 |
| 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, Herbert I & Elsa B Michael Foundation has awarded $551,200 in support to 85 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: EMERGENCY FOOD PANTRY, THRIFT STORE, AND FOOD CO OP | $27,000 |
VOLUNTEERS OF AMERICA-UT PURPOSE: HOMELESS YOUTH RESOURCE CENTER | $20,000 |
UNIV OF UTAH - WOMENS RESOURCE CENT PURPOSE: YOUTH EDUCATION & SUCCESS/ACADEMIC CONSULTANT | $17,500 |
UNIV OF UTAH - UNV NEIGHBORHOOD PAR PURPOSE: FACULTY PRACTICE-HEALTH CARE DELIVERY TO LOW-INCOME UTAHNS | $15,000 |
INN BETWEEN PURPOSE: HOSPICE FOR THE HOMELESS | $15,000 |
UNIV OF UTAH - SJ QUINNEY COLLEGE O PURPOSE: SCHOLARSHIPS FOR COLLEGE OF LAW | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |