Kevin And Connie Michels Family Foundation
- Assets
- $1.2m
- Revenue
- $222.4k
- Investments
- $1.0m
- Employees
- 0
- Location
- Brownsville, WI
- Founding
- 06/2002
- Data as of
- 12/2022
- EIN
- 39-2044111
Organization Overview
Kevin And Connie Michels Family Foundation is located in Brownsville, WI. The organization was established in 2002. 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. Kevin And Connie Michels Family 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, Kevin And Connie Michels Family Foundation generated $222.4k 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 (4.1%) each year. All expenses for the organization totaled $195.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kevin And Connie Michels Family Foundation has awarded 110 individual grants totaling $1,091,522. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin P Michels Trustee | 1 | $0 | |
Connie L Michels Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $140,000 |
| Interest on Savings | $7 |
| Dividends & Interest | $25,755 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,984 |
| Capital Gain Net Income | $58,984 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,336 |
| Total Revenue | $222,410 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,013 |
| Taxes | $20,721 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $116 |
| Total operating and administrative expenses | $29,937 |
| Contributions, gifts, grants paid | $165,710 |
| Total expenses and disbursements | $195,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $159,864 |
| 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 | $63,394 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,200,993 |
| 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, Kevin And Connie Michels Family Foundation has awarded $165,710 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
AGNESIAN HEALTHCARE FOUNDATION INC PURPOSE: OPERATING EXPENSES | $500 |
AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY OF ANIMALS PURPOSE: OPERATING EXPENSES | $1,000 |
ARCHDIOCESE OF MILWAUKEE PURPOSE: CATHOLIC STEWARDSHIP APPEAL AND LOVE ONE ANOTHER CAMPAIGN | $35,000 |
BIG BROTHERS BIG SISTERS PURPOSE: OPERATING EXPENSES | $1,000 |
ASTOP INC PURPOSE: OPERATING EXPENSES | $500 |
BOYS & GIRLS CLUB PURPOSE: OPERATING EXPENSES | $500 |