Michelson Foundation Charitable Trust
- Assets
- $369.4k
- Revenue
- $19.7k
- Investments
- $360.3k
- Employees
- 0
- Location
- Akron, OH
- Founding
- 11/1969
- Data as of
- 12/2022
- EIN
- 34-6616858
Organization Overview
Michelson Foundation Charitable Trust is located in Akron, OH. The organization was established in 1969. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 Foundation Charitable Trust 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, Michelson Foundation Charitable Trust generated $19.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $32.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Michelson Foundation Charitable Trust has awarded 152 individual grants totaling $197,100. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,449 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,634 |
| Capital Gain Net Income | $9,634 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $660 |
| Total Revenue | $19,743 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $507 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $7,074 |
| Contributions, gifts, grants paid | $25,700 |
| Total expenses and disbursements | $32,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$4 |
| Savings and temporary cash investments | $9,104 |
| 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 | $45,715 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $369,380 |
| 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, Michelson Foundation Charitable Trust has awarded $25,700 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON ART MUSEUM PURPOSE: CHARITABLE | $1,000 |
AKRON COMMUNITY FOUNDATION PURPOSE: CHARITABLE | $1,000 |
AKRON ZOOLOGICAL PARK PURPOSE: CHARITABLE | $500 |
BLUECOATS INCORPORATED PURPOSE: CHARITABLE | $500 |
CHILDRENS CONCERT SOCIETY PURPOSE: CHARITABLE | $500 |
CONSERVANCY OF SOUTHWEST FLORIDA PURPOSE: CHARITABLE | $100 |