Michael Family Foundation
- Assets
- $3.2m
- Revenue
- -$225.0k
- Investments
- $3.0m
- Employees
- 0
- Location
- Carlsbad, CA
- Founding
- 08/1993
- Data as of
- 12/2022
- EIN
- 99-0301691
Organization Overview
Michael Family Foundation is located in Carlsbad, CA. The organization was established in 1993. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael 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, Michael Family Foundation generated -$225.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 38.5% each year . All expenses for the organization totaled $287.6k during the year ending 12/2022. While expenses have increased by 0.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Michael Family Foundation has awarded 40 individual grants totaling $1,275,390. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FUND NONPROFIT ORGANIZATIONS ASSISTING FAMILIES AND PERSONS IN NEED OF SHELTER, FOOD, CLOTHING, EDUCATION AND/OR MEDICAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION FUNDED 5 NONPROFIT ORGANIZATIONS ASSISTING FAMILIES AND PERSONS IN NEED OF SHELTER, FOOD, CLOTHING, EDUCATION AND/OR MEDICAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miriam Michael VP And President | 12 | $21,600 | |
Cindy Clarke Secretary And Treasurer | 12 | $21,600 | |
Cia Hudson Member | 0 | $0 | |
Patrick Restaino Member | 0 | $0 | |
Matthew Clarke Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,784 |
| Dividends & Interest | $27,553 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$254,330 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$224,993 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $43,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,960 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14 |
| Printing and publications | $0 |
| Other expenses | $32,686 |
| Total operating and administrative expenses | $105,360 |
| Contributions, gifts, grants paid | $182,215 |
| Total expenses and disbursements | $287,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,605 |
| Savings and temporary cash investments | $112,410 |
| 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 | $417,564 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,199,735 |
| 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, Michael Family Foundation has awarded $182,215 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
PROJECT HAWAII PURPOSE: GENERAL OPERATING PURPOSES | $35,000 |
SOLUTIONS FOR CHANGE PURPOSE: SUPPORT STAFF AND SUPPLY EXPENSES FOR SOLUTIONS ACADEMY | $40,684 |
LUCKY DUCK FOUNDATION PURPOSE: GENERAL PURPOSES | $25,000 |
YOUTH ASSISTANCE COALITION PURPOSE: DROP IN CENTER AND FOOD/SUPPLIES | $40,531 |
HABILITAT PURPOSE: GENERAL OPERATING PURPOSES | $11,000 |
GOT YOUR BACK PURPOSE: GENERAL PURPOSES | $15,000 |