Michaels Foundation Inc

Shelton, CT
Tax-exempt since Feb. 1970
EIN: 23-7055684

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Revenue

−$74.4k (2024)

Expenses

$3.77k (2024)

Total Assets

$0 (2024)

Total Liabilities

$0 (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

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 Nov.
2024

Revenue

-$74,356

Expenses

$3,766

Net Income

-$78,122

Net Assets

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	-$74,356
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,500	66.4%
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	$0
Total Liabilities	$0
Net Assets	$0

Compensation

Key Employees and Officers	Compensation	Other
Lindsay Michaelsgorski (Secretary)	$0	$0
Brittany Michaels (Treasurer)	$0	$0
Jacqueline Cassidy (Controller)	$0	$0

990-PF

Filed on March 1, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2023

Revenue

$22,744

Expenses

$13,518

Net Income

$9,226

Net Assets

$120,790

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$13,236	58.2%
Interest Revenue	$0
Dividends	$11,372	50.0%
Sales of Assets	-$1,864
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,000	51.8%
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	$120,910
Total Liabilities	$120
Net Assets	$120,790

Compensation

Key Employees and Officers	Compensation	Other
Lindsay Michaelsgorski (Secretary)	$0	$0
Brittany Michaels (Treasurer)	$0	$0
Jacqueline Cassidy (Controller)	$0	$0

990-PF

Filed on Feb. 26, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2022

Revenue

-$1,783

Expenses

$17,045

Net Income

-$18,828

Net Assets

$212,690

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,574
Sales of Assets	-$17,357
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,000	82.1%
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	$213,810
Total Liabilities	$1,120
Net Assets	$212,690

Compensation

Key Employees and Officers	Compensation	Other
William Mark Michaels (Chairman)	$0	$0
Lindsay Michaels Gorski (Secretary)	$0	$0
Brittany Michaels (Treasurer)	$0	$0
Jacqueline Cassidy (Controller (From May 2021 On))	$0	$0

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990-PF

Filed on April 5, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2021

Revenue

$70,592

Expenses

$17,679

Net Income

$52,913

Net Assets

$236,159

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$825	1.2%
Sales of Assets	$69,767	98.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$17,450	98.7%
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	$241,847
Total Liabilities	$5,688
Net Assets	$236,159

Compensation

Key Employees and Officers	Compensation	Other
William Mark Michaels (Chairman)	$0	$0
John A Michaels (Secretary)	$0	$0
Lindsay Michaels Gorski (Trustee)	$0	$0
Victoria Mangado (Controller (Until May 2021))	$0	$0
Jacqueline Cassidy (Controller (From May 2021 On))	$0	$0

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990-PF

Filed on Oct. 13, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2020

Revenue

$21,368

Expenses

$21,688

Net Income

-$320

Net Assets

$183,246

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$10,466	49.0%
Sales of Assets	$10,902	51.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,500	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	$221,266
Total Liabilities	$38,020
Net Assets	$183,246

Compensation

Key Employees and Officers	Compensation	Other
William Mark Michaels (Chairman)	$0	$0
John A Michaels (Secretary)	$0	$0
Lindsay Michaels Gorski (Trustee)	$0	$0
Victoria Mangado (Controller)	$0	$0

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990-PF

Filed on April 14, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2019

Revenue

$18,832

Expenses

$19,729

Net Income

-$897

Net Assets

$183,566

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,832	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$19,000	96.3%
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	$198,686
Total Liabilities	$15,120
Net Assets	$183,566

Compensation

Key Employees and Officers	Compensation	Other
William Mark Michaels (Chairman)	$0	$0
John A Michaels (Trustee)	$0	$0
Victoria Mangado (Controller)	$0	$0

990-PF

Filed on July 14, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2018

Revenue

$22,860

Expenses

$26,061

Net Income

-$3,201

Net Assets

$184,463

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$19,689	86.1%
Sales of Assets	$3,171	13.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,000	95.9%
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	$184,583
Total Liabilities	$120
Net Assets	$184,463

Compensation

Key Employees and Officers	Compensation	Other
William Mark Michaels (Chairman)	$0	$0
John A Michaels (Trustee)	$0	$0
Victoria Mangado (Controller)	$0	$0

990-PF

Filed on Feb. 5, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2017

Revenue

$14,751

Expenses

$20,000

Net Income

-$5,249

Net Assets

$187,664

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$10,454	70.9%
Sales of Assets	$4,297	29.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,000	100%
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	$187,784
Total Liabilities	$120
Net Assets	$187,664

Compensation

Key Employees and Officers	Compensation	Other
William Mark Michaels (Chairman)	$0	$0
John A Michaels (Trustee)	$0	$0
Victoria Mangado (Controller)	$0	$0

990-PF

Filed on Oct. 9, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2015

Revenue

$16,035

Expenses

$9,654

Net Income

$6,381

Net Assets

$177,671

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$16,035	100%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
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	$177,791
Total Liabilities	$120
Net Assets	$177,671

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Nov.
2014

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2013

Revenue

$21,677

Expenses

$9,695

Net Income

$11,982

Net Assets

$189,773

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$21,677	100%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
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	$189,773
Total Liabilities	$0
Net Assets	$189,773

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2012

Revenue

$5,645

Expenses

$9,670

Net Income

-$4,025

Net Assets

$171,290

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$5,645	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
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	$171,410
Total Liabilities	$120
Net Assets	$171,290

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2011

Revenue

$2,674

Expenses

$10,650

Net Income

-$7,976

Net Assets

$174,946

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,674	100%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
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	$174,971
Total Liabilities	$25
Net Assets	$174,946

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

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Updated January 26, 2026

Michaels Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue −$74.4k (2024)

Expenses $3.77k (2024)

Total Assets $0 (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Nov. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2014

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Nov. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

−$74.4k (2024)

Expenses

$3.77k (2024)

Total Assets

$0 (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Nov.
2024

Fiscal Year Ending Nov.
2023

Fiscal Year Ending Nov.
2022

Fiscal Year Ending Nov.
2021

Fiscal Year Ending Nov.
2020

Fiscal Year Ending Nov.
2019

Fiscal Year Ending Nov.
2018

Fiscal Year Ending Nov.
2017

Fiscal Year Ending Nov.
2015

Fiscal Year Ending Nov.
2014

Fiscal Year Ending Nov.
2013

Fiscal Year Ending Nov.
2012

Fiscal Year Ending Nov.
2011

Fiscal Year Ending Nov.
2010

Fiscal Year Ending Nov.
2009

Fiscal Year Ending Nov.
2008

Fiscal Year Ending Nov.
2007

Fiscal Year Ending Nov.
2006

Fiscal Year Ending Nov.
2005

Fiscal Year Ending Nov.
2004

Fiscal Year Ending Nov.
2003

Fiscal Year Ending Nov.
2002

Fiscal Year Ending Nov.
2001