Michelle Janavs Foundation
- Assets
- $1.5m
- Revenue
- $275.0
- Investments
- $1.5m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 01/2009
- Data as of
- 12/2022
- EIN
- 26-0523548
Organization Overview
Michelle Janavs Foundation is located in Newport Beach, CA. The organization was established in 2009. 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. Michelle Janavs 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 12/2022, Michelle Janavs Foundation generated $275.0 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 (43.9%) each year. All expenses for the organization totaled $145.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Michelle Janavs Foundation has awarded 24 individual grants totaling $830,113. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CANDY PALACE PROGRAM: THIS PROGRAM PROMOTES THE IDEA OF CHILDREN HELPING CHILDREN THROUGH CREATIVE AND ARTISTIC EXPRESSION. THE PROGRAM WAS CREATED IN 2009 WHEN A DAUGHTER OF ONE OF THE FOUNDERS WROTE A BOOK TITLED "IZZY AND THE CANDY PALACE" WITH THE SOLE PURPOSE OF RAISING FUNDS TO HELP FEED HUNGRY CHILDREN IN AMERICA. SINCE THEN, SEVERAL OTHER BOOKS HAVE BEEN PUBLISHED TO ACCOMPLISH THIS GOAL. THIS PROGRAM EMPOWERS OTHER CHILDREN TO RECOGNIZE THAT, EVEN AT A YOUNG AGE, THEY CAN MAKE A DIFFERENCE IN OUR WORLD. AS A RESULT, 100% OF THE PROFITS FROM THIS BOOK WILL BE DONATED TO THE SECOND HARVEST FOOD BANK. IN 2013, 1900 BOOKS WERE SOLD. THE CANDY PALACE PROGRAM IS CURRENTLY HOLDING A BIENNIAL WRITING CONTEST FOR CHILDREN WHO WANT TO USE THEIR CREATIVITY TO HELP OTHER CHILDREN. THE WINNING STORY WILL BE TRANSFORMED INTO A PROFESSIONALLY ILLUSTRATED AND PUBLISHED CHILDREN'S PICTURE BOOK, FROM WHICH ALL PROFITS WILL BE DONATED TO HELP FEED CHILDREN IN AMERICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Merage President | 0 | $0 | |
Paul Janavs Secretary | 0 | $0 | |
Paul Merage Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $276 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $275 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,593 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,274 |
| Total operating and administrative expenses | $66,660 |
| Contributions, gifts, grants paid | $78,688 |
| Total expenses and disbursements | $145,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $684 |
| 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 | $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 | $1,504,012 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,504,696 |
| Accounts payable and accrued expenses | $10,585 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $4,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,585 |
Grants Awarded
Over the last fiscal year, Michelle Janavs Foundation has awarded $78,688 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SECOND HARVEST FOOD BANK PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
SEGERSTROM CENTER FOR THE ARTS PURPOSE: GENERAL OPERATING SUPPORT | $3,688 |