Michel Foundation
- Assets
- $2.5m
- Revenue
- $1.1m
- Investments
- $1.5m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 09/2007
- Data as of
- 06/2021
- EIN
- 20-3424442
Organization Overview
Michel Foundation is located in Salt Lake City, UT. The organization was established in 2007. 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. Michel 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 06/2021, Michel Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.6% each year . All expenses for the organization totaled $179.2k during the year ending 06/2021. While expenses have increased by 6.4% 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 2015, Michel Foundation has awarded 138 individual grants totaling $1,067,691. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOREIGN HUMANITARIAN SERVICES
COMMUNITY SERVICES ACTIVITES
COMMUNITY BASED MEDICAL SERVICE
HOUSING & TRANSPORTATION ASSISTANCE FOR NEEDY FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Uwe W Michel Trutee | 7 | $0 | |
Ullrich K Michel Trustee | 5 | $0 | |
Annette S Michel Trustee | 1 | $0 | |
Carola S Michel Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $536,200 |
| Interest on Savings | $2,073 |
| 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 | $607,389 |
| Total Revenue | $1,145,662 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $110 |
| Depreciation | $2,932 |
| Occupancy | $4,615 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,720 |
| Total operating and administrative expenses | $50,234 |
| Contributions, gifts, grants paid | $128,974 |
| Total expenses and disbursements | $179,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,678 |
| 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 | $283,515 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $1,503,649 |
| Investments—other | $3,222 |
| Net Land, buildings, and equipment | $528,648 |
| Other assets | $0 |
| Total assets | $2,451,712 |
| 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, Michel Foundation has awarded $128,974 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: GEN FUND - CONSTRUCTION HOMES GUATEM | $46,386 |
BUILDING YOUTH PURPOSE: MAIL SCHOOL - CONSTRUCTION | $16,667 |
ROTARY INTERNATIONAL PURPOSE: POLIO PLUS CAMPAIGN | $10,000 |
RESCUE MISSION OF SALT LAKE PURPOSE: MEALS FOR THE HOMELESS | $8,000 |
BUILDING YOUTH PURPOSE: EDUCATION - SPONSORSHIPS | $6,141 |
NEUROWORX PURPOSE: MEDICAL | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Michel Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Eugene And Evelyn Banks Familycharitable Foundation St Petersburg, FL PURPOSE: GENERAL OPERATING | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kirk Humanitarian Salt Lake City, UT | $3,740,895 | $18,227,954 |
Early Learning Ventures Englewood, CO | $2,919,748 | $7,396,606 |
Friends Of Football Inc Pueblo, CO | $0 | $209,272 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Secure World Foundation Broomfield, CO | $14,993,930 | $1,932,804 |
The Harold James Family Trust Prescott, AZ | $66,905,399 | $283,174 |
Smith-Pettit Foundation Salt Lake City, UT | $17,077,346 | $1,780,934 |
Foundation For A Better Life Denver, CO | $1,182,191 | $2,044,000 |
International Spine Study Group Foundation Brighton, CO | $5,806,474 | $2,130,790 |
Roc Foundation Reno, NV | $811,828 | $1,026,819 |
National Center On Shaken Baby Syndrome Farmington, UT | $942,258 | $989,551 |
Niki Charitable Art Foundation Park City, UT | $36,058,795 | $1,233,627 |