Nonprofit · EIN 11-6047540
MICHAELS PHILANTHROPIC FOUNDATION
Tax-exempt · HEWLETT, NY 11557
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2026 | 990-PF | $87,712 | $122,307 | -$34,595 | $1,058,184 | $0 | $1,058,184 |
| April 30, 2025 | 990-PF | $73,065 | $119,546 | -$46,481 | $1,092,779 | $0 | $1,092,779 |
| April 30, 2024 | 990-PF | $774,255 | $89,730 | $684,525 | $1,139,260 | $0 | $1,139,260 |
Financial details: 990-PF for the year ended April 30, 2026
Revenue
- Dividends
- $23,471
- Net gain from sales of assets
- $64,241
Expenses
- Grants and similar amounts paid
- $100,000
- Disbursements for charitable purposes
- $101,932
- Excise tax on investment income
- $958
Balance sheet and other
- Total assets, start of year
- $1,092,779
- Total assets, end of year
- $1,058,184
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,058,184
- Fair market value of assets
- $1,847,951
- Qualifying distributions
- $101,932
- Net investment income
- $87,712
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended April 30, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES MICHAELS 1028 CHANNEL DRIVE, HEWLETT HARBOR, NY 11557 | President | 15 | $0 |
| PHYLLIS MICHAELS SCHAFFER 1620 MAYFLOWER CT A401, WINTER PARK, FL 32792 | V PRESIDENT | 1 | $0 |
| RACHEL G MICHAELS 375 HEATHER LANE, HEWLETT, NY 11557 | Secretary | 1 | $0 |
990-PF for the year ended April 30, 2025: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES MICHAELS 1028 CHANNEL DRIVE, HEWLETT HARBOR, NY 11557 | President | 15 | $0 |
| PHYLLIS MICHAELS SCHAFFER 1620 MAYFLOWER CT A401, WINTER PARK, FL 32792 | V PRESIDENT | 1 | $0 |
| RACHEL G MICHAELS 1028 CHANNEL DRIVE, HEWLETT HARBOR, NY 11557 | Secretary | 1 | $0 |
990-PF for the year ended April 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES MICHAELS 1028 CHANNEL DRIVE, HEWLETT HARBOR, NY 11557 | President | 15 | $0 |
| PHYLLIS MICHAELS SCHAFFER 1620 MAYFLOWER CT A401, WINTER PARK, FL 32792 | V PRESIDENT | 1 | $0 |
| RACHEL G MICHAELS 1028 CHANNEL DRIVE, HEWLETT HARBOR, NY 11557 | Secretary | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1028 CHANNEL DR, HEWLETT, NY 11557-2617
- Signed the 990-PF
- JAMES MICHAELS, President
- Phone
- (516) 295-0203
- Website
- WWW.CHARITIESNYS.COM
- Return prepared by
- Piccirillo Lamont & Giammarese LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | 990-PF on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990-PF on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990-PF on file |
IRS record
- EIN
- 11-6047540
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1966
- Accounting year ends
- April
- Files
- Form 990-PF
- Assets (IRS master file)
- $1,058,184
- Income (IRS master file)
- $390,409
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | April 2026 | $87,712 | $122,307 | $1,058,184 | XML |
| 990-PF | April 2025 | $73,065 | $119,546 | $1,092,779 | XML |
| 990-PF | April 2024 | $774,255 | $89,730 | $1,139,260 | XML |
| 990-PF | April 2023 | – | – | – | IRS |
| 990-PF | April 2022 | – | – | – | IRS |
| 990-PF | April 2021 | – | – | – | IRS |
| 990-PF | April 2020 | – | – | – | IRS |
| 990-PF | April 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-6047540).
Questions about MICHAELS PHILANTHROPIC FOUNDATION
- What is the EIN of MICHAELS PHILANTHROPIC FOUNDATION?
- The employer identification number (EIN) of MICHAELS PHILANTHROPIC FOUNDATION is 11-6047540.
- Is MICHAELS PHILANTHROPIC FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
- Are donations to MICHAELS PHILANTHROPIC FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MICHAELS PHILANTHROPIC FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MICHAELS PHILANTHROPIC FOUNDATION due?
- The return for tax year 2026 (the year ending April 30, 2027) is due September 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MICHAELS PHILANTHROPIC FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended April 2026.
- Who are the officers and directors of MICHAELS PHILANTHROPIC FOUNDATION?
- The 990-PF for the year ended April 30, 2026 lists 3 people; 0 received compensation from the organization.
- How much revenue does MICHAELS PHILANTHROPIC FOUNDATION have?
- On its 990-PF for the year ended April 30, 2026 it reported revenue of $87,712, expenses of $122,307 and total assets of $1,058,184 at year end.
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