The Steven G Mihaylo Foundation
- Assets
- $9.7m
- Revenue
- $1.9m
- Investments
- $8.9m
- Employees
- 0
- Location
- Tempe, AZ
- Founding
- 09/2001
- Data as of
- 12/2021
- EIN
- 88-0457469
Organization Overview
The Steven G Mihaylo Foundation is located in Tempe, AZ. The organization was established in 2001. 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. Steven G Mihaylo Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Steven G Mihaylo Foundation has awarded 356 individual grants totaling $1,872,000. 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 |
|---|---|---|---|
Sarah N Mihaylo Co-Trustee | 2 | $24,000 | |
Steven G Mihaylo Co-Trustee | 0.25 | $20,000 | |
Jeffrey Korn Co-Trustee | 0.25 | $20,000 | |
Doug Gaylor Co-Trustee | 0.25 | $20,000 | |
Tam Nguyen Co-Trustee | 0.25 | $16,000 | |
Michael Rossi Co-Trustee | 0.25 | $16,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $246,597 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,618,254 |
| Capital Gain Net Income | $1,618,254 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$702 |
| Total Revenue | $1,864,149 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $116,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $198 |
| Taxes | $4,763 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $420 |
| Total operating and administrative expenses | $165,921 |
| Contributions, gifts, grants paid | $339,000 |
| Total expenses and disbursements | $504,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $749,767 |
| 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 | $13,121 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,117 |
| Total assets | $9,691,921 |
| 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, The Steven G Mihaylo Foundation has awarded $339,000 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA CHRISTIAN UNIVERSITY PURPOSE: PROVIDE BIBLICALLY-INTEGRATED LIBERAL ARTS EDUCATION | $20,000 |
Tempe, AZ PURPOSE: TO INSPIRE AND PREPARE YOUNG PEOPLE TO SUCCEED IN A GLOBAL ECONOMY. | $20,000 |
Tempe, AZ PURPOSE: EDUCATION, STABILITY, AND ADVOCACY TO WORKING POOR FAMILIES, CHILDREN, SENIORS, AND THE HOMELESS. | $12,000 |
GOLDWATER INSTITUTE PURPOSE: FREE MARKET PUBLIC POLICY RESEARCH AND LITIGATION ORGANIZATION THAT IS DEDICATED TO EMPOWERING ALL AMERICANS. | $10,000 |
Phoenix, AZ PURPOSE: JESUIT, CATHOLIC COLLEGE PREPARATORY EDUCATIONAL SUPPORT | $10,000 |
Honolulu, HI PURPOSE: EDUCATIONAL SUPPORT FOR SCHOLARSHIP FUND. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |