Michelson 20mm Foundation Inc
- Assets
- $3.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/2012
- Data as of
- 12/2021
- EIN
- 27-2898736
Organization Overview
Michelson 20mm Foundation Inc is located in Los Angeles, CA. The organization was established in 2012. 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 20mm 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 20mm Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 15.0% 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 20mm Foundation Inc has awarded 93 individual grants totaling $1,811,772. 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
SUPPORT ORGANIZATIONS AND INITIATIVES THAT SEEK TO INCREASE AWARENESS AND DEMOCRATIZE ACCESS TO FOUNDATIONAL INTELLECTUA L PROPERTY EDUCATION ACROSS U.S. HIGHER LEARNING INSTITUTION
SUPPORT STUDENTS FACING CHALLENGES IN COMPLETING THEIR POSTSECONDARY EDUCATIONAL PROGRAMS DUE TO FOOD, HOUSING, OR FINANCIAL INSECURITY.
SUPPORT PROLIFERATION & ADOPTION OF OPEN EDUCATIONAL RESOURC ES TO IMPROVE THE AFFORDABILITY OF INSTRUCTIONAL MATERIALS EFFICACY OF FACULTY INSTRUCTION & EQUITABLE ACCESS TO EDUCAT
SUPPORT FOR DIGITAL EQUITY EFFORTS AIMED AT CLOSING THE DIGITAL DIVIDE, PARTICULARLY AMONGST UNDERSERVED AND HISTORICALLY MARGINALIZED COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mayra Lombera COO | 40 | $143,187 | |
Ryan Erickson-Kulas Programs Director | 40 | $91,892 | |
Miguel Leon Strategic Director | 40 | $90,580 | |
Jelani Odlum-Lansiquot Sr Program Manager | 40 | $84,118 | |
Rachel Hemler Ops Coordinator | 40 | $69,756 | |
Gary K Michelson M D CEO | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Entangled Solutions Llc | 12/30/18 | $66,457 |
Hanna Ruth Levinson Lahayim Coop Llc | 12/30/18 | $52,680 |
Center For Ip Understanding | 12/30/18 | $51,139 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,850,000 |
| Interest on Savings | $22 |
| Dividends & Interest | $9 |
| Net Rental Income | $10,500 |
| 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 | $28,428 |
| Total Revenue | $1,888,959 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $834,694 |
| Pension plans, employee benefits | $148,040 |
| Interest | $0 |
| Taxes | $150 |
| Depreciation | $7,100 |
| Occupancy | $79,777 |
| Travel, conferences, and meetings | $22,968 |
| Printing and publications | $0 |
| Other expenses | $113,819 |
| Total operating and administrative expenses | $1,301,754 |
| Contributions, gifts, grants paid | $748,675 |
| Total expenses and disbursements | $2,050,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $524,479 |
| Net Accounts receivable | $27 |
| 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 | $9,935 |
| Other assets | $2,749,371 |
| Total assets | $3,283,812 |
| Accounts payable and accrued expenses | $153,951 |
| 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 | $153,951 |
Grants Awarded
Over the last fiscal year, Michelson 20mm Foundation Inc has awarded $748,675 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
TEMPLE UNIVERSITY PURPOSE: EDUCATION ACCESS & AFFORDABILITY | $50,000 |
Sacramento, CA PURPOSE: EDUCATION ACCESS & AFFORDABILITY | $45,000 |
Houston, TX PURPOSE: EDUCATION ACCESS & AFFORDABILITY | $40,000 |
Carson, CA PURPOSE: EDUCATION ACCESS & AFFORDABILITY | $25,000 |
BARD COLLEGE PURPOSE: EDUCATION ACCESS & AFFORDABILITY | $25,000 |
Long Beach, CA PURPOSE: EDUCATION ACCESS & AFFORDABILITY | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Michelson 20mm Foundation Inc has recieved totaling $1,850,000.
| Awarding Organization | Amount |
|---|---|
Michelson Medical Research Foundation Inc Los Angeles, CA PURPOSE: CARRY FORTH MULTIPLE EDUCATIONAL PROGRAMS, INCLUDING EDUCATIONAL AND SUCCESS PROGRAMS, FUTURE OF WORK AND WORKFORCE DEVELOPMENT PROGRAMS, SMART JUSTICE PROGRAMS, PROGRAMS TO INCREASE EDUCATIONAL AWARENESS ON TOPICS RELATED TO INTELLECTUAL PROPERTY, AND PROGRAMS INTENDED TO SUPPORT PRIVATE-SECTOR SOLUTIONS TO ISSUE WITHIN THE EDUCATION SECTOR. | $1,850,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Singleton Foundation For Financial Literacy And Entrepreneurship Burbank, CA | $5,023,733 | $12,067,602 |
Draper Richards Kaplan Foundation Menlo Park, CA | $54,158,347 | $29,356,238 |
Oprah Winfrey Leadership Academy Foundation Los Angeles, CA | $17,969,443 | $12,010,898 |
Wadhwani Operating Foundation Los Altos, CA | $0 | $65,339,394 |
Henry T Nicholas Education Foundation Inc Santa Ana, CA | $712,720 | $5,509,546 |
Chinese Character A Day Foundation Huntington Beach, CA | $0 | $31,765 |
Janie And Donald Friend Foundation San Francisco, CA | $0 | $1,186,592 |
Tomkat Ranch Educational Foundation Pescadero, CA | $1,784,473 | $4,660,042 |
Pacific Research Institute For Public Policy Pasadena, CA | $22,104,229 | $7,799,578 |
Ionetix Ppe Foundation San Francisco, CA | $0 | $4,350,988 |
Na Aina Kai Botanical Gardens Kilauea, HI | $76,195,065 | $4,390,722 |
Easton Sports Development Foundation Van Nuys, CA | $11,576,483 | $3,446,410 |