funder logo

THE MICHELSON 20MM FOUNDATION INC

THE MICHELSON 20MM FOUNDATION INC

Los Angeles, CA, US
501(c)3
EIN
27-2898736
Open for Solicitation
Private Operating Foundation
Private Foundation
Family Foundation
Regional Funder
funder logo

THE MICHELSON 20MM FOUNDATION INC

Los Angeles, CA, US
501(c)3
EIN
27-2898736
Open for Solicitation
Private Operating Foundation
Private Foundation
Family Foundation
Regional Funder

Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)

$4,424,534

Other Assets
80%
Cash & Equivalents
15%
Receivables (Non-Related)
6%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)

$982,127

Grants Payable
61%
Payables & Accruals
23%
Other Liabilities
16%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Tax-Exempt Bond Liabilities
N/A
Custodial & Escrow Liabilities
N/A
Assets
2023
2024
Change
Cash & Equivalents
$672,383
$647,546
-4%
Receivables (Non-Related)
$45,797
$244,213
+433%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$0
$9,800
-
Investments
-
-
-
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$4,161,511
$3,522,975
-15%
Total Assets
$4,879,691
$4,424,534
-9%
Liabilities
2023
2024
Change
Payables & Accruals
$145,036
$228,485
+58%
Grants Payable
$365,000
$595,000
+63%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
N/A
N/A
N/A
Custodial & Escrow Liabilities
N/A
N/A
N/A
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$134,785
$158,642
+18%
Total Liabilities
$644,821
$982,127
+52%
Net assets
2023
2024
Change
Restricted Net Assets
$185,000
$552,000
+198%
Unrestricted Net Assets
$4,049,870
$2,890,407
-29%
Net assets
2023
2024
Change
Net assets
+$4,234,870
+$3,442,407
-19%
Balance Sheet
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