MICHELSON 20MM FOUNDATION INC: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- MICHELSON 20MM FOUNDATION INC (EIN 27-2898736)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202503229349100110
- Schema version
- 2024v5.2
- 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
- Depreciation Schedule
- Expenditure Responsibility Stmt
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T23:16:00-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | 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 SUITE 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 | 2024-01-01 | 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 | % DARICE BAILEY | 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 | 2025-11-17 | 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 | 8053748555 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $4,424,534 | 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 | $4,516,055 | ContriRcvdRevAndExpnssAmt |
| Net Gain Sale Ast Rev And Expnss | -$67,455 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $132,566 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Incm Modifications Adj Net Incm | $632,566 | IncmModificationsAdjNetIncmAmt |
| Other Income Rev And Expnss | $29,290 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $12,755 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $12,755 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $4,477,890 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $12,755 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $645,321 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $308,608 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $308,607 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $2,200,630 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $2,200,630 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $241,947 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $241,947 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $13,726 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $13,726 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $226,174 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $226,174 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $200 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $200 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $337,503 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $277,259 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $175,361 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $175,361 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $649 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $649 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $89,899 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | -$7,606 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $3,594,697 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $3,436,947 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,289,397 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,289,397 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,884,094 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,726,344 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$406,204 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $12,755 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $645,321 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $672,383 | CashBOYAmt |
| Cash EOY | $647,546 | CashEOYAmt |
| Cash EOYFMV | $647,546 | CashEOYFMVAmt |
| Acct Rcvbl | $244,213 | AcctRcvblAmt |
| Acct Rcvbl BOY | $45,797 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $244,213 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $244,213 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $0 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $9,800 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $9,800 | PrepaidExpensesEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $45,251 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $45,251 | LandBldgEquipAccumDeprecAmt |
| Other Assets BOY | $4,161,511 | OtherAssetsBOYAmt |
| Other Assets EOY | $3,522,975 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $3,522,975 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $4,879,691 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,424,534 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $4,424,534 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $145,036 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $228,485 | AccountsPayableEOYAmt |
| Grants Payable BOY | $365,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $595,000 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $134,785 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $158,642 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $644,821 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $982,127 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $4,049,870 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $2,890,407 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $185,000 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $552,000 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $4,234,870 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,442,407 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $4,879,691 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $4,424,534 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $4,234,870 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$406,204 | ExcessRevenueOverExpensesAmt |
| Subtotal | $3,828,666 | SubtotalAmt |
| Other Decreases | $386,259 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $3,442,407 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 419,401 SHARES OF CRAFT EDUCATION | P | 2023-01-18 | 2024-10-31 | $132,566 | $200,000 | -$67,434 | -$67,434 |
| BETTERWEEKDAYS, INC - PRI | P | $0 | $60,668 | -$60,668 | -$60,668 | ||
| GIBLIB (PRAGMA, INC) - PRI | P | $0 | $283,540 | -$283,540 | -$283,540 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$411,642 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $177 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $177 | SubtotalAmt |
| Tax Based On Investment Income | $177 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $5,524 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $5,524 | TotalPaymentsAndCreditsAmt |
| Overpayment | $5,347 | OverpaymentAmt |
| Applied To ES Tax | $5,347 | 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 |
| Org Report Or Register State | OR | OrgReportOrRegisterStateCd |
| Org Report Or Register State | TX | 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 | DARICE BAILEY | 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 (6 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 | $128,574 | $64,567 | $0 |
| DAVID COHEN | ||||||||
| 11755 Wilshire Blvd 1400 | Los Angeles | CA | 90025 | Secretary & Treasurer | 0.0 | $0 | $0 | $0 |
| Alya Michelson | ||||||||
| 11755 Wilshire Blvd 1400 | Los Angeles | CA | 90025 | CO-CHAIR | 0.0 | $0 | $0 | $0 |
| Brett Yates | ||||||||
| 3000 S Robertson Blvd 105 | Los Angeles | CA | 90034 | CFO | 0.0 | $0 | $0 | $0 |
| Mayra Lombera | ||||||||
| 3000 S Robertson Blvd Suite 105 | LOS ANGELES | CA | 90034 | COO | 40.0 | $180,034 | $55,606 | $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 |
|---|---|---|---|---|---|---|---|---|
| MIGUEL LEON | ||||||||
| 3000 S ROBERTSON AVE | LOS ANGELES | CA | 90034 | SR. DIRECTOR | 40.0 | $130,928 | $32,744 | $0 |
| RYAN ERIKSON-KULAS | ||||||||
| 3000 S ROBERTSON AVE | LOS ANGELES | CA | 90034 | PROGRAMS DIRECTOR | 40.0 | $113,268 | $15,039 | $0 |
| CHINWENWA OHANELE | ||||||||
| 3000 S ROBERTSON AVE | LOS ANGELES | CA | 90034 | SR. PROGRAM MANAGER | 40.0 | $101,152 | $14,755 | $0 |
| JENNIFER LIU | ||||||||
| 3000 S ROBERTSON AVE | LOS ANGELES | CA | 90034 | MARKETING MANAGER | 40.0 | $91,018 | $25,068 | $0 |
| CRISTAL MOJICA | ||||||||
| 3000 S ROBERTSON AVE | LOS ANGELES | CA | 90034 | SR. PROGRAM MANAGER | 40.0 | $95,317 | $16,457 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 4 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Three Frame Media Inc | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2303 arizona avenue | AddressLine1Txt |
| City | SANTA MONICA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90404 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Event Production | ServiceTypeTxt |
| Compensation | $50,000 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
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 | $894,041 | Expenses1Amt |
| Description2 | THIS PROGRAM SUPPORTS DIGITAL EQUITY EFFORTS AIMED AT CLOSING THE DIGITAL DIVIDE, PARTICULARLY AMONGST UNDERSERVED AND HISTORICALLY MARGINALIZED COMMUNITIES. | Description2Txt |
| Expenses2 | $561,848 | 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 | $465,271 | Expenses3Amt |
| Description4 | THIS PROGRAM SUPPORTS INCARCERATED, RETURNING, AND SYSTEMS IMPACTED STUDENTS AS THEY ACHIEVE THEIR FULLEST ACADEMIC POTENTIAL. | Description4Txt |
| Expenses4 | $436,282 | Expenses4Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $549,435 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $354,131 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $903,566 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $903,566 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $13,553 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $890,013 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $44,501 | 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 | $4,726,344 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $4,726,344 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year1 | 2022 | PriorYear1Yr |
| Prior Year2 | 2021 | PriorYear2Yr |
| Prior Year3 | 2020 | 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 | $44,501 | CurrentYearAmt |
| Year1 | $59,091 | Year1Amt |
| Year2 | $33,714 | Year2Amt |
| Year3 | $23,577 | Year3Amt |
| Total | $160,883 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $37,826 | CurrentYearAmt |
| Year1 | $50,227 | Year1Amt |
| Year2 | $28,657 | Year2Amt |
| Year3 | $20,040 | Year3Amt |
| Total | $136,750 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $4,726,344 | CurrentYearAmt |
| Year1 | $2,543,331 | Year1Amt |
| Year2 | $2,618,024 | Year2Amt |
| Year3 | $2,097,929 | Year3Amt |
| Total | $11,985,628 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,272,863 | CurrentYearAmt |
| Year1 | $843,038 | Year1Amt |
| Year2 | $982,665 | Year2Amt |
| Year3 | $751,175 | Year3Amt |
| Total | $3,849,741 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $3,453,481 | CurrentYearAmt |
| Year1 | $1,700,293 | Year1Amt |
| Year2 | $1,635,359 | Year2Amt |
| Year3 | $1,346,754 | Year3Amt |
| Total | $8,135,887 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| 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 | $29,667 | CurrentYearAmt |
| Year1 | $39,394 | Year1Amt |
| Year2 | $22,476 | Year2Amt |
| Year3 | $15,718 | Year3Amt |
| Total | $107,255 | 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 (55 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Campaign for College Opportunity | |||||||
| 1149 S Hill St Suite 925 | Los Angeles | CA | 90015 | N/A | PC | Education Access & Affordability | $15,000 |
| the College of the Canyons Foundation | |||||||
| 26455 Rockwell Canyon Road | Santa Clarita | CA | 91355 | N/A | PC | Education Access & Affordability | $1,500 |
| Foundation for California Community Colleges | |||||||
| 1102 Q Street Suite 4800 | Sacramento | CA | 95811 | N/A | PC | Resources for People Impacted by Mass IncarceratioN | $5,000 |
| The Mirman School for Gifted Children | |||||||
| 16180 Mulholland Drive | Los Angeles | CA | 90049 | N/A | PC | Resources for People Impacted by Mass IncarceratioN | $25,000 |
| Pukuu Cultural Community Services | |||||||
| 1019 Second Street 2 | San Fernando | CA | 91340 | N/A | PC | Digital Services Access & Affordability | $4,000 |
| Southern California Grantmakers | |||||||
| 1000 North Alameda Street Suite 230 | Los Angeles | CA | 90012 | N/A | PC | Education Access & Affordability | $5,000 |
| California Community Foundation | |||||||
| 717 W Temple Street | Los Angeles | CA | 90012 | N/A | PC | Education Access & Affordability | $90,000 |
| City Heights Community Development Corporation | |||||||
| 4001 El Cajon Blvd Suite 205 | San Diego | CA | 92105 | N/A | PC | Intellectual Property Education/Support | $25,000 |
| Coalition for Humane Immigrant Rights | |||||||
| 2533 W Third Street Suite 101 | Los Angeles | CA | 90057 | N/A | PC | Education Access & Affordability | $25,000 |
| Destination Crenshaw | |||||||
| 777 S Figueroa St 4050 | Los Angeles | CA | 90017 | N/A | PC | Education Access & Affordability | $25,000 |
| Connect to Compete Inc | |||||||
| 714 W Olympic Blvd Suite 924 | Los Angeles | CA | 900154133 | N/A | PC | Education Access & Affordability | $5,500 |
| INSTITUTE FOR LOCAL SELF RELIANCE INC | |||||||
| 2720 East 22nd Street | Minneapolis | MN | 55406 | N/A | PC | Education Access & Affordability | $25,000 |
| NextGen Climate America Inc | |||||||
| 1414 K Street 6th Floor | Sacramento | CA | 95814 | N/A | PC | Education Access & Affordability | $45,000 |
| People Centered Internet | |||||||
| 1010 Emerson St | Palo Alto | CA | 94301 | N/A | PC | Digital Services Access & Affordability | $50,000 |
| Unite-LA Inc | |||||||
| 1055 Wilshire Blvd Suite 1750 | Los Angeles | CA | 90017 | N/A | PC | Education Access & Affordability | $25,000 |
| California Invention Convention | |||||||
| 2395 Delaware Ave 55 | Santa Cruz | CA | 95060 | N/A | PC | Education Access & Affordability | $15,000 |
| Institute for Intellect Property & Social Justice | |||||||
| 707 Maple Ave | Rockville | MD | 20850 | N/A | PC | Education Access & Affordability | $2,500 |
| Los Angeles County Science and Engineering Fair | |||||||
| 1107 Fair Oaks Ave 94 | South Pasadena | CA | 91030 | N/A | PC | Digital Services Access & Affordability | $5,000 |
| National Academy of Inventors Inc | |||||||
| 3702 Spectrum Boulevard Suite 165 | Tampa | FL | 336129445 | N/A | PC | Digital Services Access & Affordability | $2,000 |
| National Association for Community College Entr | |||||||
| One Federal St Bldg 101 | Springfield | MA | 01105 | N/A | PC | Education Access & Affordability | $7,102 |
| Pro Bono Advisory Council | |||||||
| 1012 28th Place South | Birmingham | AL | 35205 | N/A | PC | Education Access & Affordability | $15,000 |
| The Center for Intellectual Property Understanding | |||||||
| 3 Maple Road | Briarcliff Manor | NY | 10510 | N/A | PC | Education Access & Affordability | $3,500 |
| UNITED NEGRO COLLEGE FUND INC | |||||||
| 1805 7TH STREET NW | Washington | DC | 20001 | N/A | PC | Education Access & Affordability | $9,000 |
| The Academic Senate For CA Community Colleges | |||||||
| One Capitol Mall Suite 230 | Sacramento | CA | 95814 | N/A | PC | Resources for People Impacted by Mass IncarceratioN | $3,000 |
| Association of Community College Trustees | |||||||
| 110117th ST NW Ste 300 | Washington | DC | 20036 | N/A | PC | Resources for People Impacted by Mass IncarceratioN | $8,550 |
| GLENDALE COLLEGE FOUNDATION | |||||||
| 1500 N VERDUGO ROAD | GLENDALE | CA | 91208 | N/A | PC | Intellectual Property Education/Support | $23,100 |
| March On Foundation INC | |||||||
| 2631 Housley Road 1172 | Annapolis | MD | 21401 | N/A | PC | Digital Services Access & Affordability | $25,000 |
| New Venture Fund | |||||||
| 1828 L Street NW Suite 300-A | Washington | DC | 20036 | N/A | PC | Resources for People Impacted by Mass Incarceration | $11,800 |
| Online Learning Consortium Inc | |||||||
| 6 Liberty Square 2309 | Boston | MA | 02109 | N/A | PC | Education Access & Affordability Incarceration | $10,000 |
| Open Education Global Incorporated | |||||||
| 60 Thoreau Street Suite 238 | Concord | MA | 01742 | N/A | PC | Education Access & Affordability | $2,695 |
| Student Organizing Inc | |||||||
| 294 Washington St Suite 500 | Boston | MA | 02108 | N/A | PC | Intellectual Property Education/Support | $5,000 |
| The Friends of Chabot College | |||||||
| 25555 Hesperian Blvd | Hayward | CA | 945452447 | N/A | PC | Intellectual Property Education/Support | $25,000 |
| Transformative Collective Institute Inc | |||||||
| 27001 Oakflat Dr | Tehachapi | CA | 93561 | N/A | PC | Education Access & Affordability | $12,500 |
| California Competes | |||||||
| 1999 Harrison St Suite 1900 | Oakland | CA | 94612 | N/A | PC | Education Access & Affordability | $30,000 |
| California State University Foundation | |||||||
| 401 Golden Shore | Long Beach | CA | 90802 | N/A | PC | Education Access & Affordability | $125,000 |
| California State University Long Beach Research Fo | |||||||
| 6300 State University Dr Suite 33 | Long Beach | CA | 908154670 | N/A | PC | Education Access & Affordability | $20,000 |
| Community College League of California | |||||||
| 2017 O Street | Sacramento | CA | 95811 | N/A | PC | Education Access & Affordability | $5,500 |
| Food Research and Action Center | |||||||
| 1200 18th Street NW Suite 400 | Washington | DC | 20036 | N/A | PC | Digital Services Access & Affordability | $500 |
| Generation Hope | |||||||
| 1401 Okie Street NE Ste 300 | Washington | DC | 20002 | N/A | PC | Digital Services Access & Affordability | $100,000 |
| New Venture Fund | |||||||
| 1828 L Street NW Suite 300-A | Washington | DC | 20036 | N/A | PC | Intellectual Property Education/Support | $80,000 |
| Northwestern University | |||||||
| 633 Clark Street | Evanston | IL | 60208 | N/A | PC | Resources for People Impacted by Mass Incarceration | $50,000 |
| The Education Trust Inc | |||||||
| 1501 K Street NW Suite 200 | Washington | DC | 20005 | N/A | PC | Education Access & Affordability | $4,150 |
| UC College of the Law San Francisco | |||||||
| 200 McAllister Street | San Francisco | CA | 94102 | N/A | PC | Intellectual Property Education/Support | $55,000 |
| University of California Berkeley Foundation | |||||||
| 1995 University Ave Ste 401 | Berkeley | CA | 94704 | N/A | PC | Education Access & Affordability | $10,000 |
| Urban Resource Institute | |||||||
| 205 East 42nd Street 13th Floor | New York | NY | 10017 | N/A | PC | Education Access & Affordability | $50,000 |
| Bard College Berlin A Liberal Arts University | |||||||
| 30 Campus Road | Annandale on Hudson | NY | 12504 | N/A | PC | Resources for People Impacted by Mass Incarceration | $5,000 |
| Csula Auxiliary Services Inc | |||||||
| 5151 State University Drive | Los Angeles | CA | 90032 | N/A | PC | Education Access & Affordability | $25,000 |
| Homeboy Industries | |||||||
| 130 Bruno Street | Los Angeles | CA | 90012 | N/A | PC | Resources for People Impacted by Mass IncarceratioN | $30,000 |
| Impact Justice | |||||||
| 2930 Lakeshore Avenue Suite 300 | Oakland | CA | 94610 | N/A | PC | Education Access & Affordability | $25,000 |
| Indigenous Justice | |||||||
| 2151 River Plaza Drive Suite 200 | Sacramento | CA | 95816 | N/A | PC | Intellectual Property Education/Support | $25,000 |
| KALW Public Media Inc | |||||||
| 500 Mansell Street | San Francisco | CA | 94134 | N/A | PC | Intellectual Property Education/Support | $5,000 |
| Regents of the University of California Riverside | |||||||
| 900 University Avenue | Riverside | CA | 92521 | N/A | PC | Digital Services Access & Affordability | $25,000 |
| Peoples Resource Center | |||||||
| 11100 Valley Blvd Suite 222 | El Monte | CA | 91731 | N/A | PC | Education Access & Affordability | $25,000 |
| Transformative Collective Institute Inc | |||||||
| 27001 Oakflat Dr | Tehachapi | CA | 93561 | N/A | PC | Resources for People Impacted by Mass Incarceration | $12,500 |
| University of San Diego | |||||||
| 5998 Alcala Park | San Diego | CA | 92110 | N/A | PC | Education Access & Affordability | $25,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,289,397 | 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 | -$67,455 | 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 (3 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| OTHER INCOME | 01 | $1,567 |
| INTEREST INCOME - PRIS | 14 | $11,188 |
| GRANT REFUND | 01 | $16,535 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | -$38,165 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$38,165 | 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 | $35,680 | 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 (12 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 | $2,700,000 | Yes (X) |
| CALIFORNIA COMMUNITY FOUNDATION | ||||||
| 2 | 221 S FIGUEROA ST SUITE 400 | LOS ANGELES | CA | 90012 | $50,000 | Yes (X) |
| Stupski Foundation | ||||||
| 3 | 90 New Montgomery St Ste 1100 | San Francisco | CA | 94105 | $15,000 | Yes (X) |
| WALTER S JOHNSON FOUNDATION | ||||||
| 4 | 505 MONTGOMERY STREET SUITE 1200 | SAN FRANCISCO | CA | 94111 | $20,000 | Yes (X) |
| LUMINA FOUNDATION | ||||||
| 5 | 820 MASSACHUSETTS AVE STE 1390 | INDIANAPOLIS | IN | 46204 | $25,000 | Yes (X) |
| FOUNDATION FOR THE LA COMMUNITY COL | ||||||
| 6 | 770 WILSHIRE BLVD FL 8 | LOS ANGELES | CA | 90017 | $7,000 | Yes (X) |
| CONRAD N HILTON FOUNDATION | ||||||
| 7 | 1 DOLE DRIVE | WESTLAKE VILLAGE | CA | 91362 | $100,000 | Yes (X) |
| ECMC FOUNDATION | ||||||
| 8 | 111 WASHINGTON AVE SOUNTH STE 1400 | MINNEAPOLIS | MN | 55401 | $105,000 | Yes (X) |
| VANGUARD CHARITABLE | ||||||
| 9 | PO BOX 9509 | WARWICK | RI | 028899509 | $75,000 | Yes (X) |
| JEWISH COMMUNITY FOUNDATION OF LA | ||||||
| 10 | 6505 WILSHIRE BLVD SUITE 1200 | LOS ANGELES | CA | 90048 | $25,000 | Yes (X) |
| CALIFORNIA DEP OF SOCIAL SERVICES | ||||||
| 11 | 744 P STREET | SACRAMENTO | CA | 95814 | $7,000 | Yes (X) |
| MICHELSON PHILANTHROPIES INC | ||||||
| 12 | 3000 S ROBERTSON BLVD SUITE 105 | LOS ANGELES | CA | 90034 | $1,384,055 | 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 (19 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, 05/22/2024,01/06/2025 | 2025-01-06 | 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 | $145,500 | PARTNER WITH UNIV. TO FIND STUDENTS WITH SOME COLLEGE AND NO DEGREE TO RE-ENROLL AND GRADUATE. | $145,500 | NO | 03/01/2023, 08/08/2024,04/30/2025 | 2025-04-30 | VERIFICATION CONFIRMED THAT $145,500 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, 05/30/2024,02/08/2025 | 2025-02-08 | 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, 06/17/2024,01/06/2025 | 2025-01-06 | VERIFICATION CONFIRMED THAT $25,000 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. |
| 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, 06/24/2024,04/29/2025 | 2025-04-29 | 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, 05/21/2024,01/06/2025 | 2025-01-06 | 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, 1/13/2025 | 2025-01-13 | 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, 5/22/2024,01/06/2025 | 2025-01-06 | VERIFICATION CONFIRMED THAT $300,000 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, 5/23/2024,01/08/2025 | 2025-01-08 | 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, 5/21/2024,01/06/2025 | 2025-01-06 | 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, 03/03/2025 | 2025-03-03 | 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, 5/21/2024,01/06/2025 | 2025-01-06 | 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, 5/22/2024,02/07/2025 | 2025-02-07 | 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, 5/21/2024,01/06/2025 | 2025-01-06 | VERIFICATION CONFIRMED THAT $89,999 WAS SPENT TOWARD THE INVESTMENT PURPOSE WITH NO DIVERSION. | |
| EDQUITY INC | |||||||||||
| 111 8TH AVENUE | NEW YORK | NY | 10011 | $450,000 | AUTOMATED ASSISTANCE AROUND COLLEGE FINANCIAL PLANNING FOR HIGH SCHOOL AND COLLEGE STUDENTS. | $450,000 | NO | 02/28/2022, 11/15/2022, 5/25/2024, 01/06/2025 | 2025-01-06 | VERIFICATION CONFIRMED THAT $450,000 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, 02/09/2025 | 2025-02-09 | 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, 01/06/2025 | 2025-01-06 | 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 | ||
| DIGITAL PUBLISHING | ||
| DIGITAL PUBLISHING | ||
| 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 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $13,726 | LegalFeesAmt |
| Disbursements Charitable Prps | $13,726 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (25 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| MOTIMATIC - EQUITY - PRI | $188,301 | $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 | $103,898 | $103,898 | $103,898 |
| ADMITHUB - EQUITY - PRI | $429,874 | $429,874 | $429,874 |
| OPPORTUNITY AT WORK LOAN - PRI | $40,041 | $26,062 | $26,062 |
| BETTERWEEKDAYS, INC - PRI | $60,668 | $0 | $0 |
| BOK SOLUTIONS - PRI | $310,984 | $310,984 | $310,984 |
| BOOKNOOK, INC - PRI | $254,483 | $254,483 | $254,483 |
| BRIDGECARE FINANCE, INC - PRI | $121,600 | $122,109 | $122,109 |
| KATHLEEN GIBSON - PRI | $53,966 | $53,966 | $53,966 |
| NAMECOACH - PRI | $396,757 | $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 | $241,211 | $222,574 | $222,574 |
| GIBLIB (PRAGMA, INC) - PRI | $283,540 | $0 | $0 |
| EDQUITY, INC - PRI | $469,157 | $460,584 | $460,584 |
| NEW APPRENTICESHIP, INC - PRI | $99,999 | $99,999 | $99,999 |
| REUP HOLDINGS LLC - PRI | $276,075 | $276,075 | $276,075 |
| ANDELA INC. - MRI | $15,232 | $12,149 | $12,149 |
| GUDWORK, INC. - MRI | $101,260 | $106,274 | $106,274 |
| CRAFT EDUCATION, INC - MRI | $200,000 | $0 | $0 |
| DUE FROM MICHELSON CENTER FOR | $1,082 | $1,941 | $1,941 |
| POOLED FUND | $260,000 | $100,000 | $100,000 |
| UPRIGHT EDUCATION - MRI | $0 | $103,562 | $103,562 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN/LOSS & VALUATION ADJ | Desc |
| Amt | $386,259 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| TRAINING & DEVELOPMENT | $1,825 | $1,825 |
| SUPPLIES | $6,504 | $6,504 |
| POSTAGE & DELIVERY | $1,084 | $1,084 |
| DUES & SUBSCRIPTIONS | $23,489 | $23,489 |
| IT LICENSES/SUBSCRIPTIONS | $3,477 | $3,477 |
| REGULATORY FEES | ||
| BANK FEES | $3 | $3 |
| MARKETING EXPENSE | $13,653 | $13,653 |
| ACCRUAL TO CASH ADJUSTMENT | -$377,326 | |
| REVERSAL OF PRIOR YEAR ACCRUAL | ||
| TO CASH ADJUSTMENT | $279,821 | |
| INSURANCE | $39,864 | $39,864 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| OTHER INCOME | $1,567 | $1,567 | $1,567 |
| Interest Income-PRIS | $11,188 | $11,188 | $11,188 |
| Grant Refund | $16,535 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO AFFILIATE | Desc |
| BOY Book Value | $134,785 | BOYBookValueAmt |
| EOY Book Value | $158,642 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| CONSULTING FEES | $153,438 | $153,438 |
| OTHER PROFESSIONAL FEES | $4,474 | $4,474 |
| MARKETING & PROMOTION | $68,262 | $68,262 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | STATE FILING FEES | CategoryTxt |
| Amt | $200 | Amt |
| Disbursements Charitable Prps | $200 | DisbursementsCharitablePrpsAmt |