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MICHELSON PHILANTHROPIES INC

MICHELSON PHILANTHROPIES INC

Los Angeles, CA, US
•
501(c)3
•
EIN
87-2298894
•
www.michelsonphilanthropies.org
•
Family Foundation
Private Operating Foundation
Private Foundation
Regional Funder
funder logo

MICHELSON PHILANTHROPIES INC

Los Angeles, CA, US
•
501(c)3
•
EIN
87-2298894
•
www.michelsonphilanthropies.org
•
Family Foundation
Private Operating Foundation
Private Foundation
Regional Funder
Overview
Programs
990s
Income Statement
Balance Sheet
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Balance Sheet

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

$4,037,394

Other Assets
41%
Cash & Equivalents
37%
Property, Plant, & Equipment (net)
16%
Prepaid Expenses
6%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)

$2,923,505

Other Liabilities
64%
Payables & Accruals
21%
Grants Payable
15%
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
$267,370
$1,490,134
+457%
Receivables (Non-Related)
$500
$28,449
+5590%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$342,585
$240,714
-30%
Investments
-
-
-
Property, Plant, & Equipment (net)
$785,966
$637,250
-19%
Other Assets
$1,587,294
$1,640,847
+3%
Total Assets
$2,983,715
$4,037,394
+35%
Liabilities
2023
2024
Change
Payables & Accruals
$434,444
$604,470
+39%
Grants Payable
$539,276
$450,500
-16%
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
$2,093,608
$1,868,535
-11%
Total Liabilities
$3,067,328
$2,923,505
-5%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
-$83,613
+$1,113,889
-1432%
Balance Sheet
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