MICHELSON 20MM FOUNDATION INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- MICHELSON 20MM FOUNDATION INC (EIN 27-2898736)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-18
- IRS object ID
- 202413239349100621
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Depreciation Schedule
- Expenditure Responsibility Stmt
- Land Etc Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-18T12:39:51-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOLTHOUSE CARLIN & VAN TRIGT LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1333 S MAYFLOWER AVE SUITE 200 | AddressLine1Txt |
| City | MONROVIA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91016 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 272898736 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MICHELSON 20MM FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % MICHELSON PHILANTHROPIES | InCareOfNm |
| Business Name Control | MICH | BusinessNameControlTxt |
| Phone | 3108069700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3000 S Robertson Blvd Suite 105 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90034 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PHIL KIM | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3108069700 | PhoneNum |
| Signature | 2024-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SARAH CULLEN | PreparerPersonNm |
| PTIN | P00131656 | PTIN |
| Phone | 6262435100 | PhoneNum |
| Preparation | 2024-11-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $4,879,691 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $3,416,932 | ContriRcvdRevAndExpnssAmt |
| Net Gain Sale Ast Rev And Expnss | $31,648 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $31,648 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $31,648 | CapGainNetIncmNetInvstIncmAmt |
| Incm Modifications Adj Net Incm | $100,000 | IncmModificationsAdjNetIncmAmt |
| Other Income Rev And Expnss | $18,562 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $18,562 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $18,562 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $3,467,142 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $50,210 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $118,562 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $126,675 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $126,675 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $2,189,658 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $1,135,571 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $93,628 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $93,628 | PensionEmplBnftDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $75,105 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $75,105 | OtherProfFeesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $252,133 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $0 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $134,384 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $134,384 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $141,104 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $131,772 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $3,012,687 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,697,135 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $843,039 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $843,039 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,855,726 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,540,174 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$388,584 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $50,210 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $118,562 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,291,576 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $672,383 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $672,383 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $45,797 | AcctRcvblAmt |
| Acct Rcvbl BOY | $3,169 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $45,797 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $45,797 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $22,270 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $0 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $0 | PrepaidExpensesEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $70,701 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $70,701 | LandBldgEquipAccumDeprecAmt |
| Other Assets BOY | $3,057,641 | OtherAssetsBOYAmt |
| Other Assets EOY | $4,161,511 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $4,161,511 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $4,374,656 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,879,691 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $4,879,691 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $301,712 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $145,036 | AccountsPayableEOYAmt |
| Grants Payable BOY | $46,500 | GrantsPayableBOYAmt |
| Grants Payable EOY | $365,000 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $8,521 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $134,785 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $356,733 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $644,821 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $4,017,923 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $4,049,870 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets EOY | $185,000 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $4,017,923 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $4,234,870 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $4,374,656 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $4,879,691 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $4,017,923 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$388,584 | ExcessRevenueOverExpensesAmt |
| Other Increases | $605,531 | OtherIncreasesAmt |
| Subtotal | $4,234,870 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $4,234,870 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | ENTERFUSE INC. | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Acquired | 2017-12-05 | AcquiredDt |
| Sold | 2023-03-03 | SoldDt |
| Gross Sales Price | $141,648 | GrossSalesPriceAmt |
| Cost Or Other Basis | $110,000 | CostOrOtherBasisAmt |
| Gain Or Loss | $31,648 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $31,648 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $31,648 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $698 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $698 | SubtotalAmt |
| Tax Based On Investment Income | $698 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $6,222 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $6,222 | TotalPaymentsAndCreditsAmt |
| Overpayment | $5,524 | OverpaymentAmt |
| Applied To ES Tax | $5,524 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.20MM.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHELSON PHILANTHROPIES | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3108069700 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3000 S ROBERTSON BLVD SUITE 105 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90034 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Gary K Michelson M D | ||||||||
| 11755 Wilshire Blvd 1400 | Los Angeles | CA | 90025 | Director, President, & Chair | 1.0 | $0 | $0 | $0 |
| PHIL KIM | ||||||||
| 3000 S Robertson Blvd Suite 105 | LOS ANGELES | CA | 90034 | CEO | 20.0 | $126,675 | $0 | $0 |
| DAVID COHEN | ||||||||
| 11755 Wilshire Blvd 1400 | Los Angeles | CA | 90025 | Secretary & Treasurer | 1.0 | $0 | $0 | $0 |
| Alya Michelson | ||||||||
| 11755 Wilshire Blvd 1400 | Los Angeles | CA | 90025 | CO-CHAIR | 1.0 | $0 | $0 | $0 |
| Brett Yates | ||||||||
| 3000 S Robertson Blvd 105 | Los Angeles | CA | 90034 | CFO | 1.0 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| MAYRA LOMBERA | ||||||||
| 3000 S ROBERTSON AVE | LOS ANGELES | CA | 90034 | COO | 40.0 | $177,057 | $51,136 | $0 |
| MIGUEL LEON | ||||||||
| 3000 S ROBERTSON AVE | LOS ANGELES | CA | 90034 | STRATEGIC DIRECTOR | 40.0 | $124,368 | $24,961 | $0 |
| RYAN ERICKSON-KULAS | ||||||||
| 3000 S ROBERTSON AVE | LOS ANGELES | CA | 90034 | PROGRAMS DIRECTOR | 40.0 | $108,412 | $9,432 | $0 |
| CRISTAL MOJICA | ||||||||
| 3000 S ROBERTSON AVE | LOS ANGELES | CA | 90034 | PROGRAM MANAGER | 40.0 | $91,545 | $12,079 | $0 |
| QUEENA HOANG | ||||||||
| 3000 S ROBERTSON AVE | LOS ANGELES | CA | 90034 | PROGRAM MANAGER | 40.0 | $82,281 | $16,253 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 5 | OtherEmployeePaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THIS PROGRAM SUPPORTS STUDENTS FACING CHALLENGES IN COMPLETING THEIR POSTSECONDARY EDUCATIONAL PROGRAMS DUE TO FOOD, HOUSING, OR FINANCIAL INSECURITY. | Description1Txt |
| Expenses1 | $233,185 | Expenses1Amt |
| Description2 | THIS PROGRAM SUPPORTS ORGANIZATIONS AND INITIATIVES THAT SEEK TO INCREASE AWARENESS AND DEMOCRATIZE ACCESS TO FOUNDATIONAL IP EDUCATION ACROSS US INSTS OF HIGHER LEARNING | Description2Txt |
| Expenses2 | $266,169 | Expenses2Amt |
| Description3 | THIS PROGRAM SUPPORTS THE PROLIFERATION AND ADOPTION OF OPEN EDUCATIONAL RESOURCES TO IMPROVE THE AFFORDABILITY OF INSTRUCTIONAL MATERIALS, EFFICACY OF FACULTY INSTRUCTION. | Description3Txt |
| Expenses3 | $269,917 | Expenses3Amt |
| Description4 | THIS PROGRAM SUPPORTS INCARCERATED, RETURNING, AND SYSTEMS IMPACTED STUDENTS AS THEY ACHIEVE THEIR FULLEST ACADEMIC POTENTIAL. | Description4Txt |
| Expenses4 | $233,723 | Expenses4Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | MENTOR SPACES HELPS MAKE WORKPLACES MORE DIVERSE & INCLUSIVE BY FACILITATING VIRTUAL MENTORSHIP AMONG EMPLOYEES & PROSPECTIVE CANDIDATES. | Description1Txt |
| Expenses1 | $3,157 | Expenses1Amt |
| Total | $3,157 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $883,566 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $316,260 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,199,826 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,199,826 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $17,997 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,181,829 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $59,091 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,540,174 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $3,157 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $2,543,331 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year1 | 2021 | PriorYear1Yr |
| Prior Year2 | 2020 | PriorYear2Yr |
| Prior Year3 | 2019 | PriorYear3Yr |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2012-09-05 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $59,091 | CurrentYearAmt |
| Year1 | $33,714 | Year1Amt |
| Year2 | $23,577 | Year2Amt |
| Year3 | $30,982 | Year3Amt |
| Total | $147,364 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $50,227 | CurrentYearAmt |
| Year1 | $28,657 | Year1Amt |
| Year2 | $20,040 | Year2Amt |
| Year3 | $26,335 | Year3Amt |
| Total | $125,259 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,543,331 | CurrentYearAmt |
| Year1 | $2,618,024 | Year1Amt |
| Year2 | $2,097,929 | Year2Amt |
| Year3 | $2,336,276 | Year3Amt |
| Total | $9,595,560 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $843,038 | CurrentYearAmt |
| Year1 | $982,665 | Year1Amt |
| Year2 | $751,175 | Year2Amt |
| Year3 | $619,900 | Year3Amt |
| Total | $3,196,778 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,700,293 | CurrentYearAmt |
| Year1 | $1,635,359 | Year1Amt |
| Year2 | $1,346,754 | Year2Amt |
| Year3 | $1,716,376 | Year3Amt |
| Total | $6,398,782 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Total | $0 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $39,394 | CurrentYearAmt |
| Year1 | $22,476 | Year1Amt |
| Year2 | $15,718 | Year2Amt |
| Year3 | $20,655 | Year3Amt |
| Total | $98,243 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | GARY K MICHELSON MD | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (45 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| The Academic Senate For CA Community Colleges | |||||||
| ONE CAPITOL MALL suite 230 | SACRAMENTO | CA | 95814 | NONE | PC | Education Access & Affordability | $2,000 |
| COMMUNITY PARTNERS | |||||||
| PO Box 741265 | LOS ANGELES | CA | 90074 | NONE | PC | Resources for Re-engaging Students Resources for People Impacted by Mass Incarceration | $45,000 |
| Creative Commons Corporation | |||||||
| 211 Hope St 1866 | Mountain View | CA | 94042 | NONE | PC | Education Access & Affordability | $38,353 |
| CSULB 49er Foundation | |||||||
| 1250 Bellflower Blvd BH-387 | LONG BEACH | CA | 90840 | NONE | PC | Education Access & Affordability | $5,000 |
| NATIONAL ASSOCIATION FOR COMMUNITY COLLEGE ENTR | |||||||
| ONE FEDERAL STREET SUITE 101 | SPRINGFIELD | MA | 01105 | NONE | PC | Intellectual Property Education/Support | $32,500 |
| VENTUREWELL | |||||||
| 100 VENTURA WAY 1ST FLOOR | HADLEY | MA | 01035 | NONE | PC | Intellectual Property Education/Support | $2,500 |
| NEW VENTURE FUND | |||||||
| 1828 L Street NW Suite 300-A | Washington | DC | 20036 | NONE | PC | Education Access & Affordability | $40,000 |
| Public Policy Institute of California | |||||||
| 1268 Prospect St | La Jolla | CA | 92037 | NONE | PC | Public Policy Research | $50,000 |
| CONNECT TO COMPETE INC | |||||||
| 714 W Olympic Blvd Suite 924 | Los Angeles | CA | 90015 | NONE | PC | Digital Services Access & Affordability | $5,000 |
| CALIFORNIA STATE UNIVERSITY FRESNO FOUNDATION | |||||||
| 4910 N CHESTNUT AVE | FRESNO | CA | 93726 | NONE | PC | Education Access & Affordability | $5,000 |
| CENTER FOR ACCESSIBLE TECHNOLOGY | |||||||
| 3075 ADELINE ST SUITE 220 | BERKELEY | CA | 94703 | NONE | PC | Digital Services Access & Affordability | $50,000 |
| community college league of california | |||||||
| 2017 O street | SACRAMENTO | CA | 95811 | NONE | PC | Education Access & Affordability | $11,000 |
| INSTITUTE FOR LOCAL SELF RELIANCE INC | |||||||
| 2720 EAST 22ND STREET | MINNEAPOLIS | MN | 55406 | NONE | PC | Digital Services Access & Affordability | $25,000 |
| NATIONAL ACADEMY OF INVENTORS INC | |||||||
| 3702 SPECTRUM BLVD SUITE 165 | TAMPA | FL | 33612 | NONE | PC | Intellectual Property Education/Support | $3,500 |
| NEXTGEN CLIMATE AMERICA INC | |||||||
| 1414 K STREET 6TH FL | SACRAMENTO | CA | 95814 | NONE | PC | Digital Services Access & Affordability | $50,000 |
| REGENTS OF THE UNIVERSITY OF CA IRVINE | |||||||
| 120 THEORY SUITE 200 | IRVINE | CA | 92617 | NONE | PC | Resources for People Impacted by Mass Incarceration | $25,000 |
| THE EDUCATION TRUST INC | |||||||
| 1501 K STREET NW 200 | WASHINGTON | DC | 20005 | NONE | PC | Education Access & Affordability | $50,000 |
| A NEW WAY OF LIFE REENTRY PROJECT | |||||||
| PO BOX 875288 | LOS ANGELES | CA | 90087 | NONE | PC | Resources for People Impacted by Mass Incarceration | $25,000 |
| A Place Called Home (APCH) | |||||||
| 2830 S Central Ave | Los Angeles | CA | 90011 | NONE | PC | Community-Building/Enrichment | $1,244 |
| Austin Pets Alive Inc | |||||||
| 1156 W Cesar Chavez St | Austin | TX | 78703 | NONE | PC | Resources for People Impacted by Mass Incarceration | $12,500 |
| Believe in Students Inc | |||||||
| 1755 N 13th Street 295 | Philadelphia | PA | 19122 | NONE | PC | Education Access & Affordability | $25,000 |
| Cal Poly Corporation | |||||||
| 1 Grand Avenue Building 15 | San Luis Obispo | CA | 93407 | NONE | PC | Education Access & Affordability | $10,000 |
| California Competes | |||||||
| 254 Amherst Avenue | Kensington | CA | 94708 | NONE | PC | Digital Learning & Workforce Skills Digital Services Access & Affordability Education Access & Affordability | $35,000 |
| California State University Long Beach Research Fo | |||||||
| 6300 State University Dr Suite 33 | Long Beach | CA | 90815 | NONE | PC | Education Access & Affordability | $25,000 |
| Campaign for College Opportunity | |||||||
| 1149 S Hill St Suite 925 | Los Angeles | CA | 90015 | NONE | PC | Campaign for College Opportunity | $10,000 |
| Foundation for the Los Angeles Community Colleges | |||||||
| 770 Wilshire Blvd 8th Floor | Los Angeles | CA | 90017 | NONE | PC | Education Access & Affordability | $25,000 |
| HBCU Founders Initiative | |||||||
| 1268 Prospect St | La Jolla | CA | 92037 | NONE | PC | Intellectual Property Education/Support | $5,000 |
| Homeboy Industries | |||||||
| 130 W Bruno Street | Los Angeles | CA | 90012 | NONE | PC | Resources for People Impacted by Mass Incarceration | $7,500 |
| Impact Justice | |||||||
| 2930 Lakeshore Avenue Suite 300 | Oakland | CA | 94610 | NONE | PC | Resources for People Impacted by Mass Incarceration | $25,000 |
| INSTITUTE FOR THE STUDY OF KNOWLEDGE MANAGEMENT IN | |||||||
| 323 Harvard Avenue | Half Moon Bay | CA | 94019 | NONE | PC | Education Access & Affordability | $25,000 |
| Insure the Uninsured Project | |||||||
| 400 Capitol Mall Suite 900 | Sacramento | CA | 95814 | NONE | PC | Digital Services Access & Affordability | $25,000 |
| Oakland Public Education Fund | |||||||
| 520 3rd St Suite 109 | OAKLAND | CA | 94607 | NONE | PC | Digital Services Access & Affordability | $25,000 |
| Open Campus Media Inc | |||||||
| 1 Thomas Circle NW Suite 700 | Washington | DC | 20005 | NONE | PC | Resources for People Impacted by Mass Incarceration | $2,500 |
| Privacy Rights Clearinghouse | |||||||
| 3033 5th Ave 223 | San Diego | CA | 92103 | NONE | PC | Education Access & Affordability | $25,000 |
| Social Justice Learning Institute | |||||||
| 600 Centinela Ave | Inglewood | CA | 90302 | PC | Community-Building/Enrichment | $942 | |
| Student Basic Needs Coalition | |||||||
| 5145 N Clark Street 1015 | Chicago | IL | 60640 | NONE | PC | Education Access & Affordability | $25,000 |
| The Center for Intellectual Property Understanding | |||||||
| 3 Maple Road | Briarcliff Manor | NY | 10510 | NONE | PC | Intellectual Property Education/Support | $7,500 |
| The Giving Spirit | |||||||
| 11693 San Vicente Blvd Suite 113 | Los Angeles | CA | 90049 | NONE | PC | Innovative Learning Platform | $25,000 |
| The University Foundation at Sacramento State | |||||||
| 6000 J Street | Sacramento | CA | 95819 | NONE | PC | Education Access & Affordability | $5,000 |
| UC College of the Law San Francisco | |||||||
| 200 McAllister Street | San Francisco | CA | 94102 | NONE | Education Access & Affordability | $5,000 | |
| Underground Scholars Inc | |||||||
| 2400C Bancroft Way | Berkeley | CA | 94704 | NONE | PC | Resources for People Impacted by Mass Incarceration | $5,000 |
| UNITED NEGRO COLLEGE FUND INC | |||||||
| 1805 7TH STREET NW | Washington | DC | 20001 | NONE | PC | Intellectual Property Education/Support | $10,000 |
| Unite-LA Inc | |||||||
| 1055 Wilshire Blvd Suite 1750 | Los Angeles | CA | 90017 | NONE | PC | Access to Education and Workforce Opportunities Digital Services Access & Affordability | $6,000 |
| University of Texas at Dallas | |||||||
| 800 W Campbell Road | Richardson | TX | 75080 | NONE | PC | Intellectual Property Education/Support | $2,500 |
| US IP Alliance Inc | |||||||
| 999 Peachtree Street Suite 1816 | Atlanta | GA | 30309 | NONE | PC | Intellectual Property Education/Support | $2,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $843,039 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp | |
| Dividends And Interest From Sec Dtl | DividendsAndInterestFromSecDtl | |
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $31,648 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| OTHER INCOME | 01 | $2,029 |
| INTEREST INCOME - PRIS | 14 | $16,533 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $50,210 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $50,210 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | Yes (true) | SharingOfFacilitiesEtcInd |
Transfer Schedule Detail TransferScheduleDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 1c | LineNumberTxt |
| Involved | $20,670 | InvolvedAmt |
Noncharitable Exempt Org Name NoncharitableExemptOrgName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHELSON CENTER FOR | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfers Trans And Shr Arrngm | RESOURCE SHARING OF EMPLOYEES | TransfersTransAndShrArrngmDesc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationships Nonchrtbl EO | Yes (true) | RelationshipsNonchrtblEOInd |
Relationship Schedule Detail RelationshipScheduleDetail
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHELSON CENTER FOR | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Type | 501(C)(4) | OrganizationTypeDesc |
| Relationship Description | SAME FOUNDER | RelationshipDescriptionTxt |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (7 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| MICHELSON MEDICAL RESEARCH FOUNDATI | ||||||
| 1 | 11755 WILSHIRE BLVD SUITE 1400 | LOS ANGELES | CA | 90025 | $1,850,000 | Yes (X) |
| SILICON VALLEY COMMUNITY FOUNDATION | ||||||
| 2 | 2440 WEST EL CAMINO REAL suite 300 | MOUNTAIN VIEW | CA | 94040 | $25,000 | Yes (X) |
| CALIFORNIA COMMUNITY FOUNDATION | ||||||
| 3 | 221 S FIGUEROA ST SUITE 400 | LOS ANGELES | CA | 90012 | $50,000 | Yes (X) |
| Conrad N Hilton Foundation | ||||||
| 4 | 1 Dole Drive | Westlake Village | CA | 91362 | $50,000 | Yes (X) |
| Greater Horizons | ||||||
| 5 | 1055 Broadway Blvd Ste 130 | Kansas City | MO | 64105 | $20,000 | Yes (X) |
| Stupski Foundation | ||||||
| 6 | 90 New Montgomery St Ste 1100 | San Francisco | CA | 94105 | $20,000 | Yes (X) |
| MICHELSON PHILANTHROPIES INC | ||||||
| 7 | 3000 S ROBERTSON BLVD SUITE 105 | LOS ANGELES | CA | 90034 | $1,397,132 | Yes (X) |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (12 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt |
|---|---|---|---|---|---|
| DIGITAL PUBLISHING | 2012-08-16 | $4,750 | $4,750 | SL | 3 |
| DIGITAL PUBLISHING | 2012-08-16 | $12,700 | $12,700 | SL | 3 |
| DIGITAL PUBLISHING | 2013-09-26 | $8,000 | $8,000 | SL | 3 |
| WEBSITE | 2017-02-13 | $33,500 | $33,500 | SL | 3 |
| WEBSITE | 2018-02-27 | $4,000 | $4,000 | SL | 3 |
| WEBSITE | 2018-04-05 | $1,000 | $1,000 | SL | 3 |
| WEBSITE | 2019-02-19 | $1,000 | $1,000 | SL | 3 |
| WEBSITE | 2019-03-20 | $250 | $250 | SL | 3 |
| WEBSITE | 2019-04-02 | $1,688 | $1,688 | SL | 3 |
| WEBSITE | 2019-04-25 | $1,625 | $1,625 | SL | 3 |
| WEBSITE | 2019-04-30 | $1,063 | $1,063 | SL | 3 |
| WEBSITE | 2019-06-24 | $1,125 | $1,125 | SL | 3 |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (20 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | VerificationVerificationDt | Results Of VerificationResultsOfVerificationTxt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTIMATIC | |||||||||||
| 95 THIRD STREET 2ND FLOOR | San Francisco | CA | 94103 | 2016-08-12 | $102,252 | Automatic motivational support system THAT IMPROVES OUTCOMES FOR STUDENTS IN HIGHER ED. | $102,252 | NO | 05/2020 ,02/04/2021, 3/10/2023, 05/22/2024 | 2024-05-22 | VERIFICATION CONFIRMED THAT $102,252 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. |
| REUP EDUCATION INC | |||||||||||
| 55 2nd street floor 25 | SAN FRANCISCO | CA | 94105 | $145,498 | PARTNER WITH UNIV. TO FIND STUDENTS WITH SOME COLLEGE AND NO DEGREE TO RE-ENROLL AND GRADUATE. | $145,498 | NO | 03/01/2023, 08/08/2024 | 2024-08-08 | VERIFICATION CONFIRMED THAT $145,498 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. | |
| PRAGYA SYSTEMS CORP | |||||||||||
| 101 MAIN STREET | Cambridge | MA | 02142 | $50,000 | HIGHER EDUCATION TECHNOLOGY TO SIMPLIFY THE FLOW OF INFORMATION ON AND OFF CAMPUS | $50,000 | NO | 10/31/2022, 2/09/2023, 05/30/2024 | 2024-05-30 | VERIFICATION CONFIRMED THAT $50,000 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. | |
| LRNR (POCHYS VENTURES INC) | |||||||||||
| 47 SHOAL DRIVE EAST | VALLEJO | CA | 94591 | 2016-08-03 | $25,000 | SUPPORT CONTENT ALIGNED WITH ASSESSMENT AND A FOCUS ON OPEN EDUCATIONAL RESOURCES. | $25,000 | NO | 04/30/2019, 06/17/2024 | 2024-06-17 | The Michelson 20MM Foundation, Inc. (20MM) made its investment according to the expenditure responsibility requirements, complied with the IRS reporting requirements, and made reasonable efforts to obtain the required follow-up reporting from LRNR (POCHYS VENTURES INC). 20MM confirmed the $25,000 was spent toward the investment purpose with no diversion as of the last obtained report (8/14/2018), but LRNR (POCHYS VENTURES INC) has been unresponsive to multiple requests for additional reports. 20MM will withhold all future payments to LRNR (POCHYS VENTURES INC) until the required reporting is furnished. |
| OPPORTUNITYWORK | |||||||||||
| 1111 19TH STREET NW SUITE 1180 | WASHINGTON | DC | 20036 | 2018-01-09 | $118,785 | CHANGE THE WAY EMPLOYERS HIRE BY USING A HIRING CHANNEL THAT FOCUSES ON SKILLS AND COMPETENCY. | $118,785 | NO | 08/01/2022, 06/24/2024 | 2024-06-24 | VERIFICATION CONFIRMED THAT $118,785 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. |
| ADMITHUB | |||||||||||
| 38 CHAUNCY STREET | BOSTON | MA | 02111 | $221,454 | ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING TO FACILITATE THE PATH TO AND THROUGH COLLEGE. | $221,454 | NO | 07/31/2022, 5/18/2023, 05/21/2024 | 2024-05-21 | VERIFICATION CONFIRMED THAT $221,454 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. | |
| APL NEXTED (KATHLEEN GIBSON) | |||||||||||
| 87 E LONG LAKE ROAD | VALPARAISO | IN | 46383 | 2018-03-07 | $50,000 | A COMPREHENSIVE FACULTY MANAGEMENT SOLUTION FOR MANAGING FACULTY WORKFLOW AND DATA. | $50,000 | NO | 05/31/2022, 06/05/2023, 08/07/2024 | 2024-08-07 | VERIFICATION CONFIRMED THAT $50,000 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. |
| BOOKNOOK INC | |||||||||||
| 600 GRAND AVENUE 410B | OAKLAND | CA | 94610 | 2018-03-26 | $100,000 | REVOLUTIONIZES THE WAY EDUCATORS TEACH K-5 STUDENTS HOW TO READ WITH TECHNOLOGY. | $100,000 | NO | 05/31/2022, 11/28/2022, 5/23/2024 | 2024-05-23 | VERIFICATION CONFIRMED THAT $100,000 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. |
| GOOROO (BOK SOLUTIONS) | |||||||||||
| 1 MORNINGSIDE DRIVE | NEW YORK | NY | 10025 | $300,000 | AN ONLINE MARKETPLACE THAT CONNECTS STUDENTS TO QUALIFIED TUTORS. | $300,000 | NO | 01/31/2022, 5/22/2024 | 2024-05-22 | VERIFICATION CONFIRMED THAT $300,000 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. | |
| MEASUREONE | |||||||||||
| 535 MISSION STREET 14TH FLOOR | SAN FRANCISCO | CA | 94105 | $175,000 | STREAMLINE INSTITUTIONAL PLACEMENT, FINANCIAL SERVICE ACCESS AND CAREER OPPORTUNITIES. | $175,000 | NO | 05/31/2022 | 2022-05-31 | VERIFICATION CONFIRMED THAT $175,000 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. | |
| NAMECOACH | |||||||||||
| 2627 HANOVER STREET | PALO ALTO | CA | 94304 | $175,000 | PLATFORM FOR ENABLING ACCURATE NAME AND PRONUNCIATION AND GENDER IDENTIFICATION. | $175,000 | NO | 04/30/2022, 5/23/2024 | 2024-05-23 | VERIFICATION CONFIRMED THAT $175,000 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. | |
| NEXUSEDGE EDUCATION INC | |||||||||||
| 312 ARIZONA AVENUE | SANTA MONICA | CA | 90401 | 2018-03-26 | $25,000 | HELP STUDENTS DISCOVER THEIR CAREER PATHS AND HELP EMPLOYERS MEET QUALIFIED CANDIDATES. | $25,000 | NO | 11/14/2022, 12/11/2022, 5/21/2024 | 2024-05-21 | VERIFICATION CONFIRMED THAT $25,000 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. |
| THE WHETHER (BETTERWEEKDAYS INC) | |||||||||||
| 911 WASHINGTON AVENUE | ST LOUIS | MO | 63101 | 2018-03-26 | $50,000 | A PERSONALIZED CAREER GUIDE FOR COLLEGE STUDENTS FOR EMPLOYERS TO ATTRACT. | $50,000 | NO | 10/31/2022, 4/5/2023, 6/5/2024 | 2024-06-05 | VERIFICATION CONFIRMED THAT $50,000 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. |
| YELLOWBRICK (QUBED INC) | |||||||||||
| 995 MARKET STREET 2ND FLOOR | SAN FRANCISCO | CA | 94103 | 2018-03-26 | $150,000 | STRUCTURED GAP YEAR PROGRAM THAT PROVIDES COACHING FOR STUDENT SUCCESS BEFORE HIGHER EDUCATION. | $150,000 | NO | 09/30/2022, 5/21/2024 | 2024-05-21 | VERIFICATION CONFIRMED THAT $150,000 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. |
| MOVING ANALYTICS | |||||||||||
| 800 WILSHIRE BLVD SUITE 200 | LOS ANGELES | CA | 90017 | 2019-05-20 | $100,000 | A DIGITAL CARDIAC REHAB PROGRAM THAT PATIENTS CAN DO AT HOME. | $100,000 | NO | 07/31/2022, 5/1/2023, 5/22/2024 | 2024-05-22 | VERIFICATION CONFIRMED THAT $100,000 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. |
| GIBLIB (PRAGMA INC) | |||||||||||
| 811 W 7TH STREET | LOS ANGELES | CA | 90017 | $250,000 | A STREAMING PLATFORM THAT OFFERS A LARGE LIBRARY OF ON-DEMAND MEDICAL LECTURES & SURGICAL VIDEOS. | $250,000 | NO | 10/31/2022, 03/24/2023, 7/3/2024 | 2024-07-03 | VERIFICATION CONFIRMED THAT $250,000 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. | |
| LOCALIZED INC | |||||||||||
| 3400 PROSPECT STREET NW | WASHINGTON | DC | 20007 | $89,999 | TO CONNECT YOUNG PROFESSIONALS IN EMERGING MARKETS WITH EXPERTS & EXPLOYERS LOOKING FOR TALENT. | $89,999 | NO | 10/31/2022, 01/03/2023, 5/21/2024 | 2024-05-21 | VERIFICATION CONFIRMED THAT $89,999 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. | |
| EDQUITY INC | |||||||||||
| 111 8TH AVENUE | NEW YORK | NY | 10011 | $449,999 | AUTOMATED ASSISTANCE AROUND COLLEGE FINANCIAL PLANNING FOR HIGH SCHOOL AND COLLEGE STUDENTS. | $449,999 | NO | 02/28/2022, 11/15/2022, 5/25/2024 | 2024-05-25 | VERIFICATION CONFIRMED THAT $449,999 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. | |
| BRIDGECARE FINANCE INC | |||||||||||
| 768 BELLEVUE AVENUE E APT 30 | SEATTLE | WA | 98102 | 2020-05-31 | $100,000 | WHITE-LABEL CHILD CARE DATA AND COMMUNITY MANAGEMENT PLATFORM TO SUPPORT PARENTS AND PROVIDERS. | $100,000 | NO | 10/27/2023 | 2023-10-27 | VERIFICATION CONFIRMED THAT $100,000 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. |
| New Apprenticeship Inc | |||||||||||
| 110 E HOUSTON ST | SAN ANTONIO | TX | 78205 | 2021-09-24 | $99,999 | develop highly skilled,diverse early career-tech talent via an integrated apprenticeship program | $99,999 | NO | 03/31/2022, 09/06/2022, 08/04/2023, 5/21/2024 | 2024-05-21 | VERIFICATION CONFIRMED THAT $99,999 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (12 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt |
|---|---|---|
| DIGITAL PUBLISHING | $4,750 | $4,750 |
| DIGITAL PUBLISHING | $12,700 | $12,700 |
| DIGITAL PUBLISHING | $8,000 | $8,000 |
| WEBSITE | $33,500 | $33,500 |
| WEBSITE | $4,000 | $4,000 |
| WEBSITE | $1,000 | $1,000 |
| WEBSITE | $1,000 | $1,000 |
| WEBSITE | $250 | $250 |
| WEBSITE | $1,688 | $1,688 |
| WEBSITE | $1,625 | $1,625 |
| WEBSITE | $1,063 | $1,063 |
| WEBSITE | $1,125 | $1,125 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (30 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DEPOSIT | $0 | $0 | $0 |
| MOTIMATIC - EQUITY - PRI | $128,628 | $188,301 | $188,301 |
| PRAGYA - EQUITY - PRI | $50,883 | $50,883 | $50,883 |
| LRNR (POCHYS VENTURES INC) PRI | $25,000 | $25,000 | $25,000 |
| LOCALIZED INC - PRI | $91,360 | $103,898 | $103,898 |
| ADMITHUB - EQUITY - PRI | $221,499 | $429,874 | $429,874 |
| OPPORTUNITY AT WORK LOAN - PRI | $40,040 | $40,041 | $40,041 |
| BETTERWEEKDAYS, INC - PRI | $63,065 | $60,668 | $60,668 |
| BOK SOLUTIONS - PRI | $343,732 | $310,984 | $310,984 |
| BOOKNOOK, INC - PRI | $100,000 | $254,483 | $254,483 |
| ENTREFUSE, INC PRI | $110,000 | $0 | $0 |
| BRIDGECARE FINANCE, INC - PRI | $108,425 | $121,600 | $121,600 |
| KATHLEEN GIBSON - PRI | $57,564 | $53,966 | $53,966 |
| KNOWLEDGE DIFFUSION - PRI | $0 | $0 | $0 |
| MEASUREONE - PRI | $77,512 | $0 | $0 |
| NAMECOACH - PRI | $199,503 | $396,757 | $396,757 |
| NEXUSEDGE EDUCATION, INC - PRI | $27,500 | $27,500 | $27,500 |
| QUBED, INC - PRI | $150,000 | $150,000 | $150,000 |
| MOVING ANALYTICS - PRI | $130,807 | $241,211 | $241,211 |
| GIBLIB (PRAGMA, INC) - PRI | $283,540 | $283,540 | $283,540 |
| REUP EDUCATION - PRI | $0 | $0 | $0 |
| EDQUITY, INC - PRI | $449,999 | $469,157 | $469,157 |
| NEW APPRENTICESHIP, INC - PRI | $99,999 | $99,999 | $99,999 |
| REUP HOLDINGS LLC - PRI | $276,075 | $276,075 | $276,075 |
| ANDELA INC. - MRI | $0 | $15,232 | $15,232 |
| GUDWORK, INC. - MRI | $0 | $101,260 | $101,260 |
| CRAFT EDUCATION, INC - MRI | $0 | $200,000 | $200,000 |
| DUE FROM MICHELSON CENTER FOR | $410 | $1,082 | $1,082 |
| DUE FROM MICHELSON FOUND ANIMA | $2,100 | $0 | $0 |
| POOLED FUND | $20,000 | $260,000 | $260,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (16 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| TRAINING & DEVELOPMENT | $1,841 | $1,841 |
| SUPPLIES | $4,956 | $4,956 |
| POSTAGE & DELIVERY | $176 | $176 |
| PRINTING & COPYING | $177 | $177 |
| DUES & SUBSCRIPTIONS | $14,072 | $14,072 |
| IT LICENSES/SUBSCRIPTIONS | $7,862 | $7,862 |
| REGULATORY FEES | $7,760 | $7,760 |
| BANK FEES | $64 | $64 |
| FURNITURE & FIXTURES | $4,291 | $315 |
| UTILITIES | $25,126 | $9,788 |
| MARKETING EXPENSE | $38,640 | $38,640 |
| ACCRUAL TO CASH ADJUSTMENT | -$279,821 | |
| REVERSAL OF PRIOR YEAR ACCRUAL | ||
| TO CASH ADJUSTMENT | $325,942 | |
| OTHER FACILITIES EXPENSE | $137 | |
| REPAIRS & MAINTENANCE | $36,002 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| OTHER INCOME | $2,029 | $2,029 | $2,029 |
| Interest Income-PRIS | $16,533 | $16,533 | $16,533 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| PRIOR PERIOD ADJUSTMENT | $123,406 |
| UNREALIZED GAIN/LOSS & VALUATION ADJ | $482,125 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| DUE TO MICHELSON PHILANTHROPIE | $8,521 | $0 |
| DUE TO AFFILIATE | $0 | $134,785 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| CONSULTING FEES | $69,850 | $69,850 |
| OTHER PROFESSIONAL FEES | $5,255 | $5,255 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | STATE FILING FEES | CategoryTxt |
Comments