Ea Michelson Philanthropy
- Assets
- $6.1m
- Revenue
- $3.4m
- Investments
- $831.0k
- Employees
- 0
- Location
- Belmont, CA
- Founding
- 07/1991
- Data as of
- 12/2022
- EIN
- 94-3131676
Organization Overview
Ea Michelson Philanthropy is located in Belmont, CA. The organization was established in 1991. 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. Ea Michelson Philanthropy 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, Ea Michelson Philanthropy generated $3.4m 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 (6.0%) each year. All expenses for the organization totaled $6.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEEDING VITALITY ARTS (FORMERLY SEEDING ARTFUL AGING)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen A Michelson President | 4 | $0 | |
Ellen George Secretary | 0.5 | $0 | |
Peggy Tom Treasurer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Family Philanthropy Advisors | 12/30/15 | $150,000 |
After Hours Creative | 12/30/15 | $85,363 |
Pacific Foundation Services | 12/30/15 | $130,000 |
Spoke Consulting | 12/30/15 | $67,431 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,872,875 |
| Interest on Savings | $93,338 |
| Dividends & Interest | $66,154 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $423,752 |
| Capital Gain Net Income | $4,822,954 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$12,255 |
| Total Revenue | $3,443,864 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $520 |
| Taxes | $85,381 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $885 |
| Printing and publications | $0 |
| Other expenses | $372,385 |
| Total operating and administrative expenses | $1,062,502 |
| Contributions, gifts, grants paid | $5,195,092 |
| Total expenses and disbursements | $6,257,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $516,869 |
| Savings and temporary cash investments | $428,110 |
| 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 | $4,249,451 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $331,303 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $83,860 |
| Total assets | $6,109,269 |
| 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, Ea Michelson Philanthropy has awarded $3,845,316 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
ADVANTURE SCIENCE CENTER PURPOSE: UNRESTRICTED | $10,318 |
ALBUQUERQUE MUSEUM FOUNDATION PURPOSE: UNRESTRICTED | $10,125 |
AMERICAN ALLIANCE OF MUSEUMS PURPOSE: UNRESTRICTED | $261,580 |
ANCHORAGE MUSEUM ASSOCIATION PURPOSE: UNRESTRICTED | $12,500 |
CHARTER HOUSE PURPOSE: UNRESTRICTED | $12,500 |
CHILDREN'S THEATRE COMPANY PURPOSE: UNRESTRICTED | $50,121 |