Michaels Foundation Inc
- Assets
- $213.8k
- Revenue
- -$1.8k
- Investments
- $211.5k
- Employees
- 0
- Location
- Shelton, CT
- Founding
- 02/1970
- Data as of
- 11/2022
- EIN
- 23-7055684
Organization Overview
Michaels Foundation Inc is located in Shelton, CT. The organization was established in 1970. 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. Michaels 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.
Since 2017, Michaels Foundation Inc has awarded 54 individual grants totaling $116,950. 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 |
|---|---|---|---|
William Mark Michaels Chairman | 0 | $0 | |
Lindsay Michaels-Gorski Secretary | 0 | $0 | |
Brittany Michaels Treasurer | 1 | $0 | |
Jacqueline Cassidy Controller (from May 2021 On) | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,574 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,357 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$1,783 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $985 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,045 |
| Contributions, gifts, grants paid | $14,000 |
| Total expenses and disbursements | $17,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $888 |
| Savings and temporary cash investments | $453 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,000 |
| Total assets | $213,810 |
| 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 | $1,120 |
| Total liabilities | $1,120 |
Grants Awarded
Over the last fiscal year, Michaels Foundation Inc has awarded $14,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Cheshire, CT PURPOSE: TO SUPPORT CONNECTICUT INTERSCHOLASTIC ATHLETIC CONFERENCE | $5,500 |
MALTA HOUSE PURPOSE: SOCIAL SERVICES SUPPORT | $5,000 |
Newtown, CT PURPOSE: TO SUPPORT THE EDUCATION AND EMPOWERING OF YOUTH AND ADULTS TO PREVENT VIOLENCE IN SCHOOLS, HOMES, AND COMMUNITIES. | $2,000 |
Tucson, AZ PURPOSE: TO SUPPORT HOUSING FOR HOMELESS VETERANS AND VETERANS' FAMILIES. | $1,000 |
Mamaroneck, NY PURPOSE: TO SUPPORT CHILDHOOD CANCER RESEARCH. | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
Motulsky-Nacht Family Foundation New York, NY | $171,149,787 | $10,722,392 |
Griffith R Harsh Iv And Margaret Cwhitman Charitable Foundation Albany, NY | $153,022,620 | $10,234,389 |