Michelson Medical Research Foundation Inc
- Assets
- $0.0
- Revenue
- $78.5m
- Investments
- $173.7m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 01/1996
- Data as of
- 12/2021
- EIN
- 95-4551615
Organization Overview
Michelson Medical Research Foundation Inc is located in Los Angeles, CA. The organization was established in 1996. 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. Michelson Medical Research 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 Medical Research Foundation Inc generated $78.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 40.0% each year . All expenses for the organization totaled $12.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Michelson Medical Research Foundation Inc has awarded 33 individual grants totaling $46,863,456. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Karlin Michelson M D Director, President | 1 | $0 | |
David Cohen Secretary/cfo | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charles Schwab & Co Inc | 12/30/22 | $64,560 |
American Association For The Advancement | 12/30/22 | $50,885 |
Jeffer Mangels Butler & Mitchell Llp | 12/30/22 | $98,902 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $79,135,650 |
| Interest on Savings | $35 |
| Dividends & Interest | $3,623,273 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,273 |
| Total Revenue | $78,483,498 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $658,764 |
| Contributions, gifts, grants paid | $11,293,449 |
| Total expenses and disbursements | $11,952,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $70,793,995 |
| Other assets | $94,502 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $195,884 |
Grants Awarded
Over the last fiscal year, Michelson Medical Research Foundation Inc has awarded $10,943,981 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
THE MICHELSON FOUND ANIMALS FOUNDATION INC PURPOSE: BENEFIT OF ANIMALS THROUGH MULTIPLE ANIMAL WELFARE PROGRAMS, INCLUDING THE MICHELSON PRIZE AND GRANTS IN REPRODUCTIVE BIOLOGY, THE MICROCHIPPING PROGRAM, THE ADOPTION PROGRAM, THE START-UP ACCELERATOR PROGRAM, THE SPAY/NEUTER PROGRAM AND OTHERS TOWARD THE MICHELSON FOUND ANIMALS FOUNDATION, INC.'S PURPOSE OF REDUCING EUTHANASIA RATES IN LOS ANGELES AREA ANIMAL SHELTERS. | $5,000,000 |
THE MIRMAN SCHOOL FOR GIFTED CHILDREN PURPOSE: CULTIVATE THE BOUNDLESS POTENTIAL OF HIGHLY GIFTED CHILDREN, NURTURE THEIR PASSIONS AND TALENTS, AND DEVELOP A DIVERSE COMMUNITY OF CREATIVE AND CONSTRUCTIVE LIFELONG LEARNERS. | $40,000 |
AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENC PURPOSE: 2022 PRIZE AWARD (MP AND SCIENCE PRIZE FOR IMMUNOLOGY). | $50,000 |
THE MICHELSON 20MM FOUNDATION INC 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. | $2,500,000 |
HUMAN VACCINES PROJECT INC PURPOSE: TO ACCELERATE VACCINE AND IMMUNOTHERAPY DEVELOPMENT FOR INFECTIOUS AND NON-COMMUNICABLE DISEASES. | $591,031 |
THE MILKEN INSTITUTE PURPOSE: INFRASTRUCTURE TO FACILITATE KNOWLEDGE AND RESOURCES. | $1,000,000 |