Michael Weiss Foundation Inc
- Assets
- $6.9k
- Revenue
- $4.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 09/2004
- Data as of
- 12/2021
- EIN
- 20-0718991
Organization Overview
Michael Weiss Foundation Inc is located in Mclean, VA. The organization was established in 2004. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael Weiss 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, Michael Weiss Foundation Inc generated $4.0 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 (74.8%) each year. All expenses for the organization totaled $21.0 during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (68.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MICHAEL WEISS FOUNDATION PROVIDES OLYMPIC ELIGIBLE SKATERS FACING FINANCIAL HARDSHIP SCHOLARSHIPS TO COVER THE NECESSARY COSTS ASSOCIATED WITH TRAINING AND COMPETING AT THE OLYMPIC LEVEL. THESE COSTS INCLUDE COACHING, CHOREOGRAPHY, COSTUMES AND MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Weiss President | 1 | $0 | |
Lisa Weiss Secretary And Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1 |
| Interest on Savings | $3 |
| 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 | $4 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21 |
| Total operating and administrative expenses | $21 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $21 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,891 |
| Net Accounts receivable | $997 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,888 |
| 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, Michael Weiss Foundation Inc has awarded $3,900 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SIERRA VENETTA PURPOSE: COMPETITIVE FIGURE SKATING EXPENSES | $3,650 |
RICHARD DORNBUSH PURPOSE: COMPETITIVE FIGURE SKATING EXPENSES | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baltimore Sports Tourism Development Council Inc Baltimore, MD | $1,882,664 | $3,644,109 |
Swanee Hunt Family Foundation Washington, DC | $7,124,229 | $690,524 |
Gramma Fisher Foundation Easton, MD | $26,054,543 | $4,343,834 |
Camp Foundation Franklin, VA | $18,333,166 | $1,889,654 |
Capital Access Corporation Louisville, KY | $1,120,026 | $636,362 |
Paul D Camp Community College Foundation Franklin, VA | $2,592,283 | $1,339,623 |
Old West Special Trails Inc Collierville, TN | $525,442 | $435,030 |
Rva Sports Foundation Inc Richmond, VA | $1,516,415 | $456,889 |
Mfha Foundation Middleburg, VA | $4,849,648 | $245,852 |
Woodrow Wilson High School Crew Booster Club Inc Washington, DC | $358,204 | $288,751 |
Pgalex Inc Lexington, KY | -$2,828 | $0 |
Grimsley Athletics Booster Club Greensboro, NC | $127,729 | $286,262 |