The Michelson Found Animals Foundation Inc
- Assets
- $0.0
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 01/2007
- Data as of
- 12/2021
- EIN
- 20-3944602
Organization Overview
The Michelson Found Animals Foundation Inc is located in Los Angeles, CA. 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. Michelson Found Animals 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, Michelson Found Animals Foundation Inc generated $13.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $12.8m during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 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 2014, Michelson Found Animals Foundation Inc has awarded 943 individual grants totaling $11,843,709. 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
COMMUNITY - RESEARCHES PUBLIC POLICIES RELATED TO PETS, SUPPORTS PET-INCLUSIVE HOUSING INITIATIVES, HOSTS PET WELLNESS EVENTS IN NEEDY COMMUNITIES AND PROV. JOB TRAINING.
GRANTS - PRIMARILY SUPPORTS LOW-COST SPAY/NEUTER SURGERIES AND SURRENDER PREVENTION SERVICES TO DECREASE THE NUMBER OF ANIMALS ENTERING THE SHELTER SYSTEM.
RESEARCH - SUPPORTS AND CONDUCTS RESEARCH INTO THE DEVELOPMENT OF A SINGLE-DOSE STERILANT THAT WILL PROVIDE A MORE CONVENIENT ALTERNATIVE TO SPAY/NEUTER SURGERIES.
ACCELERATOR - SUPPORTS PET CARE STARTUPS WHOSE PRODUCTS/ SRVICES MAKE PET OWNERSHIP MORE ENJOYABLE, CONVENIENT, AND AFFORDABLE, THEREBY INCREASING THE NUMBER OF HOMES FOR PETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Karlin Michelson MD President/director | 0 | $0 | |
David Cohen Secretary/cfo | 0 | $0 | |
Brett Yates CEO | 40 | $245,743 | |
Lori Hutchins Chief Admin Officer | 40 | $174,263 | |
Thomas Conlon Chief Scientific Off | 40 | $169,734 | |
Fred Brian Chase General Counsel | 40 | $164,818 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Netrix Llc | 12/30/22 | $134,213 |
Rga Media Group Inc | 12/30/22 | $525,000 |
Rejuvenate Bio Inc | 12/30/22 | $331,304 |
Judith Lawrence Associates Inc | 12/30/22 | $144,000 |
West Coast Grooming Academy | 12/30/22 | $610,604 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,127,191 |
| Interest on Savings | $38 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $1,948,099 |
| Other Income | $84,158 |
| Total Revenue | $13,521,523 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $239,086 |
| Pension plans, employee benefits | $845,381 |
| Depreciation | $479,332 |
| Occupancy | $523,662 |
| Travel, conferences, and meetings | $80,799 |
| Printing and publications | $36,130 |
| Total operating and administrative expenses | $11,303,524 |
| Contributions, gifts, grants paid | $1,503,513 |
| Total expenses and disbursements | $12,807,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,222,012 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $5,390,105 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,390,636 |
Grants Awarded
Over the last fiscal year, The Michelson Found Animals Foundation Inc has awarded $1,829,279 in support to 107 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATES FOR ABUSED AND ABANDONED PETS PURPOSE: ANIMAL RESCUE & CARE | $6,000 |
ALMOST HOME CAT RESCUE MKE INC PURPOSE: ANIMAL RESCUE & CARE | $3,000 |
ALOHA LLLO RESCUE PURPOSE: ANIMAL RESCUE & CARE | $3,000 |
ANIMAL ALLIES HUMANE SOCIETY INC PURPOSE: ANIMAL RESCUE & CARE | $3,000 |
ANIMAL FRIENDS ALLIANCE PURPOSE: ANIMAL RESCUE & CARE | $28,000 |
ANIMAL FRIENDS OF THE VALLEY PURPOSE: ANIMAL RESCUE & CARE | $5,000 |