2025-09-19T15:12:07-05:00 2024-12-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 100172013 990 2024-01-01 270593904 MICHELS SCHOLARSHIP FUND INC MICH 9205833132 PO BOX 128 BROWNSVILLE WI 53006 PATRICK D MICHELS VICE PRES/SEC/DIR 9205833132 2025-09-18 1 1 SCOTT THOMPSETT P00741490 2125990100 2024 2025-03-06 01:10:19Z MARYSUE C MICHELS PO BOX 128 BROWNSVILLE WI 53006 379746 0 X N/A X 2009 WI TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO EMPLOYEES (AND CHILDREN) OF MICHELS ENTITIES. 3 0 0 30 0 0 113504 174810 0 0 4608 5508 -6637 17054 111475 197372 86500 100000 0 0 0 0 0 0 0 9962 10335 96462 110335 15013 87037 251338 336375 2000 0 249338 336375 THE FUND'S MISSION IS TO PROVIDE SCHOLARSHIPS FOR POST-SECONDARY EDUCATION TO EMPLOYEES AND CHILDREN OF EMPLOYEES OF MICHELS CORPORATION, ITS SUBSIDIARIES AND AFFILIATES. 0 0 100000 100000 THE SCHOLARSHIP FUND WAS ESTABLISHED BY THE MICHELS FAMILY TO HELP EMPLOYEES, THEIR SPOUSES AND THEIR CHILDREN PURSUE CONTINUING EDUCATION. FUNDED BY DONATIONS FROM MICHELS EMPLOYEES, THE SCHOLARSHIP FUND AWARDS SCHOLARSHIPS TO STUDENTS PURSUING UNIVERSITY DEGREES AS WELL AS THOSE PARTICIPATING IN TRADE AND TECHNICAL PROGRAMS. THE FUND AWARDED 19 SCHOLARSHIPS IN THE CALENDAR YEAR ENDING DECEMBER 31, 2024. 100000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 1 0 0 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 X JILL LARONGE 9205833132 PO BOX 128 BROWNSVILLE WI 53006 X MARYSUE C MICHELS PRES/TREAS/DIR 2.00 0.00 X X 0 0 0 PATRICK D MICHELS VICE PRES/SEC/DIR 1.00 0.00 X X 0 0 0 MICHELLE M FINN DIRECTOR 1.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 147920 26890 151894 174810 4246 4246 22493 21231 1262 1262 1262 146600 147920 149643 -3043 -3043 25881 9454 16427 16427 5716 2046 3670 3670 197372 0 0 22562 100000 100000 9807 9807 485 485 17 17 WI ANNUAL REPORT FEE 26 26 110335 100000 10335 0 121674 201690 12175 12181 117489 122504 251338 336375 2000 0 2000 0 X 0 0 0 0 249338 336375 249338 336375 251338 336375 87037 0 X 0 0 0 X 106062 80251 95696 113504 174810 570323 6160 9178 4099 5716 25153 63473 70278 88884 112690 172481 507806 169535 156689 193758 230293 353007 1103282 40595 25916 37871 50297 103297 257976 0 40595 25916 37871 50297 103297 257976 845306 29 4 3815 2577 4246 10671 29 4 3815 2577 4246 10671 1000 1000 170564 156693 197573 232870 357253 1114953 0.75820 0.79210 0.00960 0.00790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED SILENT AUCTION 294520 147920 146600 147920 1723 294520 147920 146600 147920 1723 149643 -3043 25881 7500 1928 26 0 25881 7500 1928 26 9454 16427 WI 1 0 1 0 1.00000 JILL LARONGE PO BOX 128 BROWNSVILLE WI 53006 0 0 SCHEDULE G, PART III, LINE 13B: GAMING CONDUCTED AT OUTSIDE FACILITY THE FUND CONDUCTS ALL OF ITS GAMING ACTIVITIES ON A RELATED ORGANIZATION'S PREMISES AT NO COST. ALL GAMING ACTIVITIES ARE RUN BY VOLUNTEERS. 1 SCHOLARSHIPS 19 100000 PART I, LINE 2: PROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE THE U.S. THE FUND OFFERS SCHOLARSHIPS FOR POST-SECONDARY EDUCATION TO EMPLOYEES, AND CHILDREN OF EMPLOYEES OF MICHELS CORPORATION, ITS SUBSIDIARIES AND AFFILIATES. SCHOLARSHIP RECIPIENTS MUST COMPLETE A FORMAL APPLICATION TO OBTAIN AN AWARD. NO FURTHER MONITORING OF THE GRANTS IS REQUIRED BECAUSE THE FUND DISBURSES THE GRANT AWARDS DIRECTLY TO THE EDUCATIONAL INSTITUTION AND THE RECIPIENT HAS NO OPPORTUNITY TO DIVERT THE FUNDS TO A PERSONAL USE. X AUCTION ITEMS 386 147920 FMV X SALE ITEMS 825 2046 FMV X RAFFLE ITEMS 201 1928 FMV 0 0 1 0 PART I, COLUMN (B): METHOD USED THE ORGANIZATION USES THE NUMBER OF CONTRIBUTIONS AS THE METHOD FOR DETERMINING THE AMOUNT IN COLUMN (B). FORM 990, PART VI, SECTION A, LINE 2 FAMILY AND BUSINESS RELATIONSHIP ALL OF THE DIRECTORS REPORTED IN PART VII HAVE A FAMILY AND BUSINESS RELATIONSHIP WITH ONE ANOTHER. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS THE FUND SHALL HAVE ONE OR MORE CLASSES OF NON-VOTING MEMBERS, THE RESPECTIVE RIGHTS, QUALIFICATIONS AND PRIVILEGES OF WHICH ARE DETERMINED BY THE BOARD OF DIRECTORS. MEMBERS ARE PERMITTED TO PARTICIPATE IN VARIOUS FUND ACTIVITIES, PROGRAMS AND PUBLICATIONS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FUND WORKS IN CONJUNCTION WITH A NATIONALLY RENOWNED ACCOUNTING FIRM TO PREPARE ITS FORM 990 RETURN. THE FORM 990 IS REVIEWED BY THE FULL BOARD OF DIRECTORS PRIOR TO ITS SUBMISSION WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12 CONFLICT OF INTEREST POLICY THE FUND HAS NO COMPENSATED EMPLOYEES; ALL INDIVIDUALS PROVIDING SERVICES TO THE FUND DO SO ON A VOLUNTEER BASIS (INCLUDING THOSE MEMBERS OF THE BOARD OF DIRECTORS). THE FUND DOESN'T ACTIVELY MONITOR CONFLICTS OF INTEREST, BUT IT IS NOT ANTICIPATED THAT THE FUND WILL CONTRACT WITH ANY VENDORS BY WHICH A CONFLICT COULD POTENTIALLY ARISE. AS NOTED IN RESPONSE TO PART VI, LINE 2, THE BOARD MEMBERS DO HAVE BUSINESS AND FAMILY RELATIONSHIPS, BUT THOSE RELATIONSHIPS DO NOT IMPACT THE VOLUNTEER WORK THEY PERFORM FOR THE FUND. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL DATA AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A: COMPENSATION OF OFFICERS, DIRECTORS, KEY AND HIGHEST COMPENSATED EMPLOYEES ALL OF THE FUND'S OFFICERS AND BOARD MEMBERS ARE VOLUNTEERS WHO ARE NOT PAID FOR THEIR BOARD SERVICE; ACCORDINGLY, UNDER THE VOLUNTEER EXCEPTION, THE FUND IS NOT REQUIRED TO REPORT COMPENSATION PAID BY MICHELS CORPORATION, A RELATED ORGANIZATION. PATRICK & MARYSUE MICHELS FAMILY FOUNDATION PO BOX 128 BROWNSVILLE WI 53006 854224305 GRANTMAKING WI 501(C)(3) PF N/A 0 M10 INC PO BOX 128 BROWNSVILLE WI 53006 272219547 HOLDING COMPANY WI N/A S 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0