Nonprofit · EIN 13-3584269
THE MICHAELS FAMILY FOUNDATION INC
Tax-exempt · NEW YORK, NY 10036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $236,398 | $450,582 | -$214,184 | $6,496,934 | $0 | $6,496,934 |
| December 31, 2023 | 990-PF | $246,031 | $285,305 | -$39,274 | $6,711,141 | $0 | $6,711,141 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $245,936
- Interest
- $1,574
- Net gain from sales of assets
- -$11,112
Expenses
- Grants and similar amounts paid
- $435,333
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $443,354
- Excise tax on investment income
- $3,335
Balance sheet and other
- Total assets, start of year
- $6,711,141
- Total assets, end of year
- $6,496,934
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,496,934
- Fair market value of assets
- $8,380,253
- Qualifying distributions
- $443,354
- Net investment income
- $247,152
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LORNE MICHAELS C/O ANCHIN 3 TIMES SQUARE, NEW YORK, NY 10036 | PRESIDENT/TREASURER | 5 | $0 |
| ALICE MICHAELS C/O ANCHIN 3 TIMES SQUARE, NEW YORK, NY 10036 | VICE PRESIDENT/SECRETARY | 1 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LORNE MICHAELS C/O ANCHIN 3 TIMES SQUARE, NEW YORK, NY 10036 | PRESIDENT/TREASURER | 5 | $0 |
| ALICE MICHAELS C/O ANCHIN 3 TIMES SQUARE, NEW YORK, NY 10036 | VICE PRESIDENT/SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- CO ANCHIN 3 TIMES SQUARE, NEW YORK, NY 10036-0000
- In care of
- % HECHT & CO PC
- Signed the 990-PF
- LORNE MICHAELS, PRESIDENT/TREASURER
- Phone
- (212) 840-3456
- Return prepared by
- ANCHIN BLOCK & ANCHIN 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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 13-3584269
- 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
- 1991
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $6,496,934
- Income (IRS master file)
- $503,210
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $236,398 | $450,582 | $6,496,934 | XML |
| 990-PF | December 2023 | $246,031 | $285,305 | $6,711,141 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 13-3584269).
Questions about THE MICHAELS FAMILY FOUNDATION INC
- What is the EIN of THE MICHAELS FAMILY FOUNDATION INC?
- The employer identification number (EIN) of THE MICHAELS FAMILY FOUNDATION INC is 13-3584269.
- Is THE MICHAELS FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to THE MICHAELS FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE MICHAELS FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE MICHAELS FAMILY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE MICHAELS FAMILY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of THE MICHAELS FAMILY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does THE MICHAELS FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $236,398, expenses of $450,582 and total assets of $6,496,934 at year end.
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