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The Michaels Family Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$116k (2022)

Expenses
$245k (2022)

Total Assets
$6.75M (2022)

Total Liabilities
$0 (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$115,881
Expenses
$245,322
Net Income
-$129,441
Net Assets
$6,750,398
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $650
0.6%
Dividends $254,609
> 100%
Sales of Assets -$139,378
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $239,413
97.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,750,398
Total Liabilities $0
Net Assets $6,750,398
Compensation
Key Employees and Officers Compensation Other
Lorne Michaels (President/Treasurer) $0 $0
Alice Michaels (Vice President/Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$216,007
Expenses
$414,324
Net Income
-$198,317
Net Assets
$6,879,839
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $16
0.0%
Dividends $228,452
> 100%
Sales of Assets -$12,461
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $412,748
99.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,879,839
Total Liabilities $0
Net Assets $6,879,839
Compensation
Key Employees and Officers Compensation Other
Lorne Michaels (President/Treasurer) $0 $0
Alice Michaels (Vice President/Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$204,596
Expenses
$688,750
Net Income
-$484,154
Net Assets
$7,078,155
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,605
0.8%
Dividends $218,128
> 100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $616,990
89.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,078,156
Total Liabilities $1
Net Assets $7,078,155
Compensation
Key Employees and Officers Compensation Other
Lorne Michaels (President/Treasurer) $0 $0
Alice Michaels (Vice President/Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$401,642
Expenses
$269,077
Net Income
$132,565
Net Assets
$7,562,309
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $9,570
2.4%
Dividends $202,950
50.5%
Sales of Assets $189,122
47.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $221,677
82.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,562,310
Total Liabilities $1
Net Assets $7,562,309
Compensation
Key Employees and Officers Compensation Other
Lorne Michaels (President/Treasurer) $0 $0
Alice Michaels (Vice President/Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,690,765
Expenses
$256,273
Net Income
$3,434,492
Net Assets
$7,429,745
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,519,000
95.3%
Interest Revenue $1,370
0.0%
Dividends $97,739
2.6%
Sales of Assets $72,656
2.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $252,356
98.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $7,429,745
Total Liabilities $0
Net Assets $7,429,745
Compensation
Key Employees and Officers Compensation Other
Lorne Michaels (President/Treasurer) $0 $0
Alice Michaels (Vice President/Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,975,668
Expenses
$191,191
Net Income
$3,784,477
Net Assets
$3,995,253
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,952,000
99.4%
Interest Revenue $24
0.0%
Dividends $1,658
0.0%
Sales of Assets $21,986
0.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $188,431
98.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,995,253
Total Liabilities $0
Net Assets $3,995,253
Compensation
Key Employees and Officers Compensation Other
Lorne Michaels (President/Treasurer) $0 $0
Alice Michaels (Vice President/Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$20,274
Expenses
$146,959
Net Income
-$126,685
Net Assets
$210,776
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $30
0.1%
Dividends $2,806
13.8%
Sales of Assets $17,438
86.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $127,148
86.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $210,776
Total Liabilities $0
Net Assets $210,776
Compensation
Key Employees and Officers Compensation Other
Lorne Michaels (President/Treasurer) $0 $0
Alice Michaels (Vice President/Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$565,378
Expenses
$497,005
Net Income
$68,373
Net Assets
$337,461
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $561,150
99.3%
Interest Revenue $0
Dividends $94
0.0%
Sales of Assets $4,134
0.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $491,170
98.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $337,461
Total Liabilities $0
Net Assets $337,461
Compensation
Key Employees and Officers Compensation Other
Lorne Michaels (President/Treasurer) $0 $0
Alice Michaels (Vice President/Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$520,475
Expenses
$252,765
Net Income
$267,710
Net Assets
$269,088
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $501,993
96.4%
Interest Revenue $0
Dividends $46
0.0%
Sales of Assets $18,436
3.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $247,841
98.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $269,088
Total Liabilities $0
Net Assets $269,088
Compensation
Key Employees and Officers Compensation Other
Lorne Michaels (President/Treasurer) $0 $0
Alice Michaels (Vice President/Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$465,436
Expenses
$499,731
Net Income
-$34,295
Net Assets
$1,378
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $452,799
97.3%
Interest Revenue $30
0.0%
Dividends $1,482
0.3%
Sales of Assets $11,125
2.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $488,680
97.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,378
Total Liabilities $0
Net Assets $1,378
Compensation
Key Employees and Officers Compensation Other
Lorne Michaels (President/Treasurer) $0 $0
Alice Michaels (Vice President/Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$428,118
Expenses
$409,945
Net Income
$18,173
Net Assets
$35,672
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $417,548
97.5%
Interest Revenue $14
0.0%
Dividends $1,275
0.3%
Sales of Assets $9,281
2.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $406,115
99.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $35,673
Total Liabilities $1
Net Assets $35,672

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$428,957
Expenses
$439,057
Net Income
-$10,100
Net Assets
$17,499
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $429,916
> 100%
Interest Revenue $54
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $431,926
98.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $17,500
Total Liabilities $1
Net Assets $17,499

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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