MICHELSON 20MM FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- MICHELSON 20MM FOUNDATION INC (EIN 27-2898736)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-15
- IRS object ID
- 202213199349110216
- Schema version
- 2021v4.2
- 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
- Accounting Fees Schedule
- Depreciation Schedule
- Employee Compensation Expln
- Expenditure Responsibility Stmt
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-15T20:06:52-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | 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 | 3011 TOWNSGATE ROAD STE 400 | AddressLine1Txt |
| City | WESTLAKE VILLAGE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91361 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | 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 | % KARLIN ASSET MANAGEMENT | InCareOfNm |
| Business Name Control | MICH | BusinessNameControlTxt |
| Phone | 3108069700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11755 WILSHIRE BOULEVARD STE 1400 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90025 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PHIL KIM | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3108069700 | PhoneNum |
| Signature | 2022-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | PHIL | PersonFirstNm |
| Person Last | KIM | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Stephanie Wilkinson | PreparerPersonNm |
| PTIN | P01231617 | PTIN |
| Phone | 8053748555 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $3,283,812 | 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 | $1,850,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $22 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $22 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $22 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $9 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $9 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $9 | DividendsAdjNetIncmAmt |
| Gross Rents Rev And Expnss | $10,500 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $10,500 | GrossRentsNetInvstIncmAmt |
| Gross Rents Adj Net Incm | $10,500 | GrossRentsAdjNetIncmAmt |
| Net Rental Income Or Loss | $10,500 | NetRentalIncomeOrLossAmt |
| Other Income Rev And Expnss | $28,428 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $9,819 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $13,872 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $1,888,959 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $20,350 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $24,403 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $834,694 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $834,694 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $148,040 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $148,040 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $5,962 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $5,962 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $16,416 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $8,208 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $8,208 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $72,828 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $72,828 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $150 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $150 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $7,100 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $79,777 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $79,777 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $22,968 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $22,968 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $113,819 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $16,629 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,301,754 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $8,208 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,189,256 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $748,675 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $748,675 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,050,429 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $8,208 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,937,931 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$161,470 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $12,142 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $24,403 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $699,859 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $524,479 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $524,479 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $27 | AcctRcvblAmt |
| Acct Rcvbl BOY | $0 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $27 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $27 | AcctRcvblEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $93,656 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $83,721 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $15,926 | LandBOYAmt |
| Land EOY | $9,935 | LandEOYAmt |
| Land EOYFMV | $9,935 | LandEOYFMVAmt |
| Other Assets BOY | $2,632,307 | OtherAssetsBOYAmt |
| Other Assets EOY | $2,749,371 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $2,749,371 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $3,348,092 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,283,812 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $3,283,812 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $56,761 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $153,951 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $56,761 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $153,951 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $3,291,331 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $3,129,861 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,291,331 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,129,861 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,348,092 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,283,812 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,291,331 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$161,470 | ExcessRevenueOverExpensesAmt |
| Subtotal | $3,129,861 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $3,129,861 | TotNetAstOrFundBalancesEOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cap Gains Loss Tx Invst Incm Detail | CapGainsLossTxInvstIncmDetail |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $169 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $169 | SubtotalAmt |
| Tax Based On Investment Income | $169 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $4,531 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $4,531 | TotalPaymentsAndCreditsAmt |
| Overpayment | $4,362 | OverpaymentAmt |
| Applied To ES Tax | $4,362 | 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 | KARLIN ASSET MANAGEMENT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3108069700 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11755 WILSHIRE BOULEVARD SUITE 140 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90025 | 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 | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| 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 (3 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 BOULEVARD STE 1400 | LOS ANGELES | CA | 90025 | CEO | 1.0 | $0 | $0 | $0 |
| PHIL KIM | ||||||||
| 11755 WILSHIRE BOULEVARD STE 1400 | LOS ANGELES | CA | 90025 | PRESIDENT | 15.0 | $0 | $0 | $0 |
| DAVID COHEN | ||||||||
| 11755 WILSHIRE BOULEVARD STE 1400 | LOS ANGELES | CA | 90025 | 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 STE 105 | LOS ANGELES | CA | 90034 | COO | 40.0 | $143,187 | $43,102 | $0 |
| RYAN ERICKSON-KULAS | ||||||||
| 3000 S ROBERTSON AVE STE 105 | LOS ANGELES | CA | 90034 | PROGRAMS DIRECTOR | 40.0 | $91,892 | $15,014 | $0 |
| MIGUEL LEON | ||||||||
| 3000 S ROBERTSON AVE STE 105 | LOS ANGELES | CA | 90034 | STRATEGIC DIRECTOR | 40.0 | $90,580 | $25,999 | $0 |
| JELANI ODLUM-LANSIQUOT | ||||||||
| 3000 S ROBERTSON AVE STE 105 | LOS ANGELES | CA | 90034 | SR PROGRAM MANAGER | 40.0 | $84,118 | $15,767 | $0 |
| RACHEL HEMLER | ||||||||
| 3000 S ROBERTSON AVE STE 105 | LOS ANGELES | CA | 90034 | OPS COORDINATOR | 40.0 | $69,756 | $10,142 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 2 | OtherEmployeePaidOver50kCnt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SUPPORT ORGANIZATIONS AND INITIATIVES THAT SEEK TO INCREASE AWARENESS AND DEMOCRATIZE ACCESS TO FOUNDATIONAL INTELLECTUA L PROPERTY EDUCATION ACROSS U.S. HIGHER LEARNING INSTITUTION | Description1Txt |
| Expenses1 | $378,837 | Expenses1Amt |
| Description2 | SUPPORT STUDENTS FACING CHALLENGES IN COMPLETING THEIR POSTSECONDARY EDUCATIONAL PROGRAMS DUE TO FOOD, HOUSING, OR FINANCIAL INSECURITY. | Description2Txt |
| Expenses2 | $314,313 | Expenses2Amt |
| Description3 | SUPPORT PROLIFERATION & ADOPTION OF OPEN EDUCATIONAL RESOURC ES TO IMPROVE THE AFFORDABILITY OF INSTRUCTIONAL MATERIALS EFFICACY OF FACULTY INSTRUCTION & EQUITABLE ACCESS TO EDUCAT | Description3Txt |
| Expenses3 | $263,140 | Expenses3Amt |
| Description4 | SUPPORT FOR DIGITAL EQUITY EFFORTS AIMED AT CLOSING THE DIGITAL DIVIDE, PARTICULARLY AMONGST UNDERSERVED AND HISTORICALLY MARGINALIZED COMMUNITIES. | Description4Txt |
| Expenses4 | $228,945 | Expenses4Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NEW APPRENTICESHIP, INC - PARTNER WITH EMPLOYERS IN TRANSFORMING LIVES BY BRIDGING THE GAP BETWEEN WHAT SCHOOLS TEACH AND ONLY EXPERIENCE CAN BRING. | Description1Txt |
| Expenses1 | $99,999 | Expenses1Amt |
| Description2 | LOCALIZED INC - TO CONNECT YOUNG PROFESSIONALS IN EMERGING MARKETS WITH EXPERTS & EXPLOYERS LOOKING FOR TALENT. | Description2Txt |
| Expenses2 | $59,999 | Expenses2Amt |
| Total | $159,998 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $478,711 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $478,711 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $478,711 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $7,181 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $471,530 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $23,577 | 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 | $1,937,931 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $159,998 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $2,097,929 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year1 | 2019 | PriorYear1Yr |
| Prior Year2 | 2018 | PriorYear2Yr |
| Prior Year3 | 2017 | PriorYear3Yr |
| Qualifying Distributions | $0 | QualifyingDistributionsAmt |
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 | $23,577 | CurrentYearAmt |
| Year1 | $30,982 | Year1Amt |
| Year2 | $15,822 | Year2Amt |
| Year3 | $4,874 | Year3Amt |
| Total | $75,255 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $20,040 | CurrentYearAmt |
| Year1 | $26,335 | Year1Amt |
| Year2 | $13,449 | Year2Amt |
| Year3 | $4,143 | Year3Amt |
| Total | $63,967 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,097,929 | CurrentYearAmt |
| Year1 | $2,336,276 | Year1Amt |
| Year2 | $2,434,899 | Year2Amt |
| Year3 | $2,123,037 | Year3Amt |
| Total | $8,992,141 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $751,175 | CurrentYearAmt |
| Year1 | $619,900 | Year1Amt |
| Year2 | $352,000 | Year2Amt |
| Year3 | $25,000 | Year3Amt |
| Total | $1,748,075 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,346,754 | CurrentYearAmt |
| Year1 | $1,716,376 | Year1Amt |
| Year2 | $2,082,899 | Year2Amt |
| Year3 | $2,098,037 | Year3Amt |
| Total | $7,244,066 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Assets | TotalAssetsGrp |
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 | $15,718 | CurrentYearAmt |
| Year1 | $20,655 | Year1Amt |
| Year2 | $27,338 | Year2Amt |
| Year3 | $30,131 | Year3Amt |
| Total | $93,842 | 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 |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | MAYRA LOMBERA | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11755 WILSHIRE BLVD SUITE 1400 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90025 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 3108069700 | RecipientPhoneNum |
| Form And Info And Materials | GRANT-SEEKING ORGANIZATIONS CAN SEND AN EMAIL THROUGH THE MICHELSON 20MM FOUNDATION, INC. WEBSITE, WWW.20MM.ORG. AFTER AN INITIAL CONVERSATION, THE MICHELSON 20MM FOUNDATION, INC. MAY EXTEND AN INVITATION TO FORMALLY SUBMIT AN APPLICATION. IN THE CASE WHERE THE MICHELSON 20MM FOUNDATION, INC. PUTS OUT A REQUEST FOR PROPOSAL (RFP), THE APPLICATION WILL LIKELY BE INCLUDED AS PART OF THE RFP PACKAGE. REQUESTED MATERIALS MAY VARY, BUT THE MICHELSON 20MM FOUNDATION, INC. WILL LIKELY ASK FOR FINANCIALS, A PRESENTATION DECK, REFERENCES (EXISTING FUNDERS OR INVESTORS), AND ANY PARTICULARS AROUND THE ORGANIZATION'S INITIATIVE, PROJECT, OR PRODUCT. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | N/A | SubmissionDeadlinesTxt |
| Restrictions On Awards | THE MICHELSON 20MM FOUNDATION, INC. FUNDS U.S. ORGANIZATIONS OR COMPANIES PRIMARILY IN THE HIGHER EDUCATION SPACE WHICH LEVERAGE LEADING-EDGE TECHNOLOGIES PARTICULARLY FOR THE PURPOSE OF INCREASING AFFORDABILITY OF EDUCATION FOR TRADITIONALLY UNDERSERVED COMMUNITIES. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (48 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 230 | SACRAMENTO | CA | 95814 | NONE | PC | Education Access & Affordability. | $3,000 |
| AMERICAN INTELLECTUAL PROPERTY LAW ASSOCIATION | |||||||
| 1400 CRYSTAL DRIVE NO 600 | ARLINGTON | VA | 22202 | NONE | PC | Intellectual Property Education/Support | $50 |
| ASSOCIATION OF COMMUNITY COLLEGE TRUSTEES | |||||||
| PO Box 426061 | WASHINGTON | DC | 20042 | NONE | PC | Education Access & Affordability | $5,875 |
| CALIFORNIA COMMUNITY FOUNDATION | |||||||
| 221 S FIGUEROA STREET SUITE 400 | LOS ANGELES | CA | 90012 | NONE | PC | Digital Services Access & Affordability | $4,000 |
| CAMPAIGN FOR COLLEGE OPPORTUNITY | |||||||
| 1149 S HILL STREET SUITE 925 | LOS ANGELES | CA | 90015 | NONE | PC | Education Access & Affordability | $10,000 |
| The Rand Corporation | |||||||
| 1776 MAIN STREET PO BOX 2138 | SANTA MONICA | CA | 90407 | NONE | PC | Public Policy Research | $500 |
| BARD COLLEGE | |||||||
| 30 Campus Road | ANNANDALE ON HUDSON | NY | 12504 | NONE | PC | Education Access & Affordability | $25,000 |
| California State University Channel Islands | |||||||
| ONE UNIVERSITY DRIVE | CAMARILLO | CA | 93012 | 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 | $10,000 |
| COMMUNITY PARTNERS | |||||||
| 1000 NORTH ALAMEDA STREET SUITE 24 | LOS ANGELES | CA | 90012 | NONE | PC | Community Projects for Public Good | $25,000 |
| California State University Dominguez Hills | |||||||
| 1000 EAST VICTORIA STREET WELCH HA | CARSON | CA | 90747 | NONE | PC | Education Access & Affordability | $25,000 |
| FOUNDATION FOR CALIFORNIA COMMUNITY COLLEGES | |||||||
| 1102 Q STREET SUITE 4800 | SACRAMENTO | CA | 95811 | NONE | PC | Education Access & Affordability | $45,000 |
| Foundation for Compton Community College district | |||||||
| 1111 East Artesia Blvd | COMPTON | CA | 90221 | NONE | SO I | Education Access & Affordability | $25,000 |
| Creative Commons Corporation | |||||||
| PO Box 741107 | Los Angeles | CA | 90074 | NONE | PC | Education Access & Affordability | $10,000 |
| CSULB 49er Foundation | |||||||
| 6300 E STATE UNIVERSITY DR SUITE 3 | LONG BEACH | CA | 90815 | NONE | PC | Education Access & Affordability | $25,000 |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY | |||||||
| 77 MASSACHUSETTS AVENUE | CAMBRIDGE | MA | 02139 | NONE | PC | Education Access & Affordability | $10,000 |
| NATIONAL ASSOCIATION FOR COMMUNITY COLLEGE ENTR | |||||||
| ONE FEDERAL STREET SUITE 101 | SPRINGFIELD | MA | 01105 | NONE | PC | Intellectual Property Education/Support | $15,000 |
| CONNECT TO COMPETE INC | |||||||
| 714 W Olympic Blvd Suite 924 | Los Angeles | CA | 90015 | NONE | PC | Digital Services Access & Affordability | $25,000 |
| WILLIAM MARSH RICE UNIVERSITY | |||||||
| 6100 MAIN STREET | HOUSTON | TX | 77005 | NONE | PC | Education Access & Affordability | $40,000 |
| PARTNERS FOR COLLEGE AFFORDABILITY & PUBLIC TRUST | |||||||
| 1629 K ST NW | WASHINGTON | DC | 20006 | NONE | PC | Education Access & Affordability | $11,000 |
| Higher Learning Advocates Inc | |||||||
| 1201 Connecticut Avenue NW Suite 6 | WASHINGTON | DC | 20036 | NONE | PC | Education Access & Affordability | $25,000 |
| ROOT & REBOUND | |||||||
| 1730 FRANKLIN STREET SUITE 300 | OAKLAND | CA | 94612 | NONE | PC | Resources for People Impacted by Mass Incarceration | $7,000 |
| John Burton Advocates for Youth | |||||||
| 235 Montgomery Street Suite 1142 | SAN FRANCISO | CA | 94104 | NONE | PC | Education Access & Affordability | $25,000 |
| THE URBAN ASSOC OF FORESTRY AND FIRE PROFESSIONALS | |||||||
| 110 W 6TH STREET SUITE 162 | AZUSA | CA | 91702 | NONE | PC | Education Access & Affordability | $10,000 |
| MOHUMAN | |||||||
| 11470 CYPRESS TERRACE PLACE | SAN DIEGO | CA | 92131 | NONE | PC | Digital Services Access & Affordability | $25,000 |
| MOREHOUSE COLLEGE | |||||||
| 830 WESTVIEW DRIVE SW | ATLANTA | GA | 30314 | NONE | PC | Education Access & Affordability | $15,000 |
| VENTUREWELL | |||||||
| 100 VENTURA WAY 1ST FLOOR | HADLEY | MA | 01035 | NONE | PC | Intellectual Property Education/Support | $2,000 |
| Neighborhood Connections Inc | |||||||
| PO BOX 207 | londonderry | VT | 05148 | NONE | PC | Community Projects for Public Good | $100 |
| NEW VENTURE FUND | |||||||
| PO Box 37734 | Baltimore | MD | 21297 | NONE | PC | Education Access & Affordability | $25,000 |
| Norfolk State University Foundation Inc | |||||||
| 700 PARK AVENUE Suite 410 | NORFOLK | VA | 23504 | NONE | PC | Education Access & Affordability | $15,000 |
| Open Education Global Incorporated | |||||||
| 60 THOREAU STREET SUITE 238 | CONCORD | MA | 01742 | NONE | PC | Education Access & Affordability | $500 |
| Japanese Garden society of Oregon | |||||||
| 611 SW KINGSTON AVENUE | PORTLAND | OR | 97205 | NONE | PC | Community Projects for Public Good | $50 |
| Public Policy Institute of California | |||||||
| 500 WASHINGTON STREET SUITE 600 | SAN FRANCISCO | CA | 94111 | NONE | PC | Public Policy Research | $25,000 |
| Purdue University | |||||||
| 23510 Network Place | Chicago | IL | 60673 | NONE | PC | Education Access & Affordability | $10,000 |
| THE SANTA MONICA COLLEGE FOUNDATION | |||||||
| 1900 PICO BOULEVARD | Santa Monica | CA | 90405 | NONE | PC | Education Access & Affordability | $5,150 |
| SGI-USA | |||||||
| 606 Wilshire Blvd | Santa Monica | CA | 90401 | NONE | PC | Community Projects for Public Good | $50 |
| South Carolina State University | |||||||
| 300 College Avenue NE / PO Box 700 | ORANGEBURG | SC | 29117 | NONE | PC | Education Access & Affordability | $15,000 |
| TEMPLE UNIVERSITY | |||||||
| PO Box 824242 | PHILADELPHIA | PA | 19182 | NONE | PC | Education Access & Affordability | $50,000 |
| The Beautiful Foundation Inc | |||||||
| 6363 St Charles Ave | NEW ORLEANS | LA | 70118 | NONE | PC | Underserved Youth Leadership Development | $50 |
| The Institute for College Access and Success | |||||||
| 110 Maryland Avenue NE Suite 201 | Washington | DC | 20002 | NONE | PC | Education Access & Affordability | $25,000 |
| Tuskegee University | |||||||
| 110 Henderson Hall | TUSKEGEE INSTITUTE | AL | 36088 | NONE | PC | Education Access & Affordability | $15,000 |
| University of California Irvine Foundation | |||||||
| 100 THEORY SUITE 250 | IRVINE | CA | 92617 | NONE | PC | Education Access & Affordability | $50 |
| United States Intellectual Property Alliance Inc | |||||||
| PO Box 1362 | Villa Rica | GA | 30180 | NONE | PC | Intellectual Property Education/Support | $100 |
| Unite-LA Inc | |||||||
| 1055 WILSHIRE BLVD SUITE 1750 | LOS ANGELES | CA | 90017 | NONE | PC | Education Access & Affordability | $25,000 |
| USC - Sponsored Projects Accounting | |||||||
| University Gardens Bldg Suite 205 | LOS ANGELES | CA | 90089 | NONE | PC | Education Access & Affordability | $24,200 |
| Xavier University | |||||||
| 1 DREXEL DRIVE BOX 66 | NEW ORLEANS | LA | 70125 | NONE | PC | Education Access & Affordability | $15,000 |
| Young Invincibles | |||||||
| 1201 Connecticut Avenue NW Suite 6 | Washington | DC | 20036 | NONE | PC | Underserved Youth Leadership Development | $25,000 |
| INSTITUTE FOR THE STUDY OF KNOWL MNGMT IN EDU | |||||||
| 323 HARVARD AVENUE | HALF MOON BAY | CA | 94019 | NONE | PC | Education Access & Affordability | $25,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $748,675 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $22 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $9 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp |
Net Rental Income Personal Prop NetRentalIncomePersonalPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $10,500 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Investment Income | OtherInvestmentIncomeGrp | |
| Gain Sales Ast Oth Than Invntry | GainSalesAstOthThanInvntryGrp | |
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp (4 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| TAX REFUND | 01 | $4,651 |
| INTEREST - IRS | 14 | $86 |
| OTHER INCOME | 01 | $10,036 |
| CONSULTING INCOME | 01 | $13,655 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $38,959 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $38,959 | 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 | false | SharingOfFacilitiesEtcInd |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | MICHELSON MEDICAL RESEARCH FOUNDATI | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11755 WILSHIRE BLVD SUITE 1400 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90025 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $1,850,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $16,416 | Amt |
| Net Investment Income | $8,208 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $8,208 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (33 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt |
|---|---|---|---|---|---|---|
| COMPUTER EQUIPMENT | 2011-08-01 | $1,060 | $1,060 | SL | 5 | |
| TELEPHONE SYSTEM | 2011-11-15 | $5,494 | $5,494 | SL | 5 | |
| 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 | |
| COMPUTER EQUIPMENT | 2013-03-05 | $5,026 | $5,026 | SL | 5 | |
| FURNITURE | 2014-02-07 | $832 | $823 | SL | 7 | $9 |
| COMPUTER EQUIPMENT | 2014-05-05 | $689 | $689 | SL | 5 | |
| COMPUTER EQUIPMENT | 2015-02-25 | $875 | $875 | SL | 5 | |
| OFFICE EQUIPMENT | 2015-11-16 | $1,094 | $793 | SL | 7 | $156 |
| COMPUTER EQUIPMENT | 2016-02-17 | $1,909 | $1,846 | SL | 5 | $63 |
| COMPUTER EQUIPMENT | 2016-12-31 | $1,016 | $812 | SL | 5 | $203 |
| FURNITURE | 2017-12-26 | $2,935 | $1,257 | SL | 7 | $419 |
| COMPUTER EQUIPMENT | 2017-07-05 | $1,093 | $766 | SL | 5 | $219 |
| COMPUTER EQUIPMENT | 2017-08-16 | $1,077 | $717 | SL | 5 | $215 |
| COMPUTER EQUIPMENT | 2017-12-20 | $2,971 | $1,782 | SL | 5 | $594 |
| COMPUTER EQUIPMENT | 2017-12-26 | $2,726 | $1,635 | SL | 5 | $545 |
| WEBSITE | 2017-02-13 | $33,500 | $33,500 | SL | 3 | |
| COMPUTER EQUIPMENT | 2018-12-18 | $1,080 | $432 | SL | 5 | $216 |
| COMPUTER EQUIPMENT | 2018-12-18 | $2,172 | $868 | SL | 5 | $434 |
| WEBSITE | 2018-02-27 | $4,000 | $3,777 | SL | 3 | $223 |
| WEBSITE | 2018-04-05 | $1,000 | $916 | SL | 3 | $84 |
| WEBSITE | 2019-02-19 | $1,000 | $611 | SL | 3 | $333 |
| WEBSITE | 2019-03-20 | $250 | $146 | SL | 3 | $83 |
| WEBSITE | 2019-04-02 | $1,688 | $985 | SL | 3 | $563 |
| WEBSITE | 2019-04-25 | $1,625 | $903 | SL | 3 | $542 |
| WEBSITE | 2019-04-30 | $1,063 | $590 | SL | 3 | $354 |
| WEBSITE | 2019-06-24 | $1,125 | $563 | SL | 3 | $375 |
| COMPUTER EQUIPMENT | 2019-05-23 | $2,153 | $682 | SL | 5 | $431 |
| COMPUTER EQUIPMENT | 2019-04-25 | $1,240 | $413 | SL | 5 | $248 |
| COMPUTER EQUIPMENT | 2020-09-30 | $2,205 | $110 | SL | 5 | $441 |
| COMPUTER EQUIPMENT | 2020-12-31 | $1,099 | SL | 5 | $220 | |
| COMPUTER EQUIPMENT | 2021-05-31 | $1,110 | SL | 5 | $130 |
Employee Compensation Expln EmployeeCompensationExpln
Employee Comp Explanation EmployeeCompExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Employee | MAYRA LOMBERA | EmployeeNm |
| Explanation | SEE FOOTNOTE | ExplanationTxt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (22 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 | 2021-02-04 | 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 | 12/29/2020 | 2020-12-29 | 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 | 2022-10-31 | 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 | 2019-04-30 | 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 | 12/28/2020 | 2020-12-28 | 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 | 2022-07-31 | 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 | 2022-05-31 | 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 | 2022-05-31 | 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 | 2022-01-31 | 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 | 2022-04-30 | 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 | 2022-11-14 | VERIFICATION CONFIRMED THAT $25,000 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. |
| OSMOSIS (KNOWLEDGE DIFFUSION) | |||||||||||
| 37 SOUTH ELLWOOD AVENUE | BALTIMORE | MD | 21224 | $150,000 | A PERSONALIZED LEARNING PLATFORM AND COMPREHENSIVE LIBRARY THAT EDUCATES THE WORLD'S HEALTH. | $150,000 | NO | 01/01/2020, 05/31/2020 | 2020-05-31 | VERIFICATION CONFIRMED THAT $150,000 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. | |
| QUALIFIED (ENTREFUSE INC) | |||||||||||
| 2443 FILLMORE STREET | SAN FRANCISCO | CA | 94115 | 2018-03-26 | $100,000 | TO ASSESS DEVELOPER TALENT THROUGH CODE ASSESSMENTS, LIVE INTERVIEW TOOL AND RECRUITING PROCESS. | $100,000 | NO | 05/31/2020 | 2020-05-31 | VERIFICATION CONFIRMED THAT $100,000 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 | 2022-10-31 | 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 | 2022-09-30 | 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 | 2022-07-31 | 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 | 2022-10-31 | 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 | 2022-10-31 | VERIFICATION CONFIRMED THAT $89,999 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. | |
| EDQUITY INC | |||||||||||
| 111 8TH AVENUE | NEW YORK | NY | 10011 | 2020-01-31 | $149,999 | AUTOMATED ASSISTANCE AROUND COLLEGE FINANCIAL PLANNING FOR HIGH SCHOOL AND COLLEGE STUDENTS. | $149,999 | NO | 02/28/2022 | 2022-02-28 | VERIFICATION CONFIRMED THAT $149,999 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 | 12/31/2020, 01/05/2021 | 2021-01-05 | 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 | 2022-09-06 | VERIFICATION CONFIRMED THAT $99,999 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (33 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| COMPUTER EQUIPMENT | |||
| TELEPHONE SYSTEM | |||
| DIGITAL PUBLISHING | $4,750 | $4,750 | |
| DIGITAL PUBLISHING | $12,700 | $12,700 | |
| DIGITAL PUBLISHING | $8,000 | $8,000 | |
| COMPUTER EQUIPMENT | |||
| FURNITURE | |||
| COMPUTER EQUIPMENT | |||
| COMPUTER EQUIPMENT | |||
| OFFICE EQUIPMENT | $1,094 | $949 | $145 |
| COMPUTER EQUIPMENT | |||
| COMPUTER EQUIPMENT | |||
| FURNITURE | $2,935 | $1,676 | $1,259 |
| COMPUTER EQUIPMENT | $1,093 | $985 | $108 |
| COMPUTER EQUIPMENT | $1,077 | $932 | $145 |
| COMPUTER EQUIPMENT | $2,971 | $2,376 | $595 |
| COMPUTER EQUIPMENT | $2,726 | $2,180 | $546 |
| WEBSITE | $33,500 | $33,500 | |
| COMPUTER EQUIPMENT | $1,080 | $648 | $432 |
| COMPUTER EQUIPMENT | $2,172 | $1,302 | $870 |
| WEBSITE | $4,000 | $4,000 | |
| WEBSITE | $1,000 | $1,000 | |
| WEBSITE | $1,000 | $944 | $56 |
| WEBSITE | $250 | $229 | $21 |
| WEBSITE | $1,688 | $1,548 | $140 |
| WEBSITE | $1,625 | $1,445 | $180 |
| WEBSITE | $1,063 | $944 | $119 |
| WEBSITE | $1,125 | $938 | $187 |
| COMPUTER EQUIPMENT | $2,153 | $1,113 | $1,040 |
| COMPUTER EQUIPMENT | $1,240 | $661 | $579 |
| COMPUTER EQUIPMENT | $2,205 | $551 | $1,654 |
| COMPUTER EQUIPMENT | $1,099 | $220 | $879 |
| COMPUTER EQUIPMENT | $1,110 | $130 | $980 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $5,962 | LegalFeesAmt |
| Disbursements Charitable Prps | $5,962 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (23 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DEPOSIT | $15,740 | $11,328 | $11,328 |
| MOTIMATIC - EQUITY - PRI | $102,252 | $102,252 | $102,252 |
| PRAGYA - EQUITY - PRI | $50,884 | $50,884 | $50,884 |
| LRNR (POCHYS VENTURES INC) PRI | $25,000 | $25,000 | $25,000 |
| LOCALIZED INC - PRI | $30,867 | $90,866 | $90,866 |
| ADMITHUB - EQUITY - PRI | $221,454 | $221,454 | $221,454 |
| OPPORTUNITY AT WORK LOAN - PRI | $95,258 | $56,736 | $56,736 |
| BETTERWEEKDAYS, INC - PRI | $58,310 | $58,310 | $58,310 |
| BOK SOLUTIONS - PRI | $300,000 | $300,000 | $300,000 |
| BOOKNOOK, INC - PRI | $100,000 | $100,000 | $100,000 |
| ENTREFUSE, INC PRI | $108,626 | $108,626 | $108,626 |
| BRIDGECARE FINANCE, INC - PRI | $103,475 | $103,475 | $103,475 |
| KATHLEEN GIBSON - PRI | $57,381 | $57,381 | $57,381 |
| KNOWLEDGE DIFFUSION - PRI | $150,000 | $150,000 | $150,000 |
| MEASUREONE - PRI | $185,071 | $185,071 | $185,071 |
| NAMECOACH - PRI | $179,602 | $179,602 | $179,602 |
| NEXUSEDGE EDUCATION, INC - PRI | $27,474 | $27,474 | $27,474 |
| QUBED, INC - PRI | $150,000 | $150,000 | $150,000 |
| MOVING ANALYTICS - PRI | $111,578 | $111,578 | $111,578 |
| GIBLIB (PRAGMA, INC) - PRI | $256,832 | $256,832 | $256,832 |
| REUP EDUCATION - PRI | $152,504 | $152,504 | $152,504 |
| EDQUITY, INC - PRI | $149,999 | $149,999 | $149,999 |
| NEW APPRENTICESHIP, INC - PRI | $0 | $99,999 | $99,999 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (17 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| DUES & SUBSCRIPTIONS | $6,585 | $6,585 |
| FURNITURE & FIXTURES | $464 | $464 |
| UTILITIES | $7,805 | $7,805 |
| POSTAGE & DELIVERY | $363 | $363 |
| OFFICE EXPENSE | $10,579 | $10,579 |
| PRINTING & COPYING | $89 | $89 |
| MISCELLANEOUS EXPENSES | $444 | $444 |
| MEALS & ENTERTAINMENT | $8,560 | $8,560 |
| MARKETING EXPENSE | $52,570 | $52,570 |
| SOFTWARE | $18,279 | $18,279 |
| ACCRUAL TO CASH ADJUSTMENT | -$153,951 | |
| REVERSAL OF PRIOR YEAR ACCRUAL | ||
| TO CASH ADJUSTMENT | $56,761 | |
| INSURANCE | $2,374 | $2,374 |
| BANKING & CREDIT CARD FEES | $1,631 | $1,631 |
| TRAINING AND DEVELOPMENT | $1,576 | $1,576 |
| EDUCATION ACCESS & AFFORDABILI | $2,500 | $2,500 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| TAX REFUND | $4,651 | ||
| INTEREST - IRS | $86 | ||
| OTHER INCOME | $10,036 | $9,819 | $217 |
| CONSULTING INCOME | $13,655 | $13,655 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| CONSULTING FEES | $65,881 | $65,881 |
| OTHER PROFESSIONAL FEES | $216 | $216 |
| INFORMATION TECHNOLOGY | $675 | $675 |
| HUMAN RESOURCES | $6,056 | $6,056 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | STATE FILING FEES | CategoryTxt |
| Amt | $150 | Amt |
| Disbursements Charitable Prps | $150 | DisbursementsCharitablePrpsAmt |
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