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Nonprofit · EIN 22-3113975

THE MICHAELS ORGANIZATION EDUCATIONAL FOUNDATION

Tax-exempt · CAMDEN, NJ 08101

Financials

$2.2M$2M2023$2.9M$2.3M2024
Revenue Expenses · by fiscal year end
Financials of THE MICHAELS ORGANIZATION EDUCATIONAL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,909,389$2,336,917$572,472$1,254,989$114,801$1,140,188
December 31, 2023990$2,177,851$1,992,234$185,617$598,364$30,648$567,716
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,870,518
Program service revenue
$0
Investment income
$38,871
Other revenue
$0

Expenses

Grants and similar amounts paid
$2,131,525
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$27,495
Travel
$13,292
Program services (functional)
$2,266,818
Management and general (functional)
$70,099

Balance sheet and other

Total assets, start of year
$598,364
Total assets, end of year
$1,254,989
Total liabilities, end of year
$114,801
Net assets, end of year
$1,140,188
Net assets without donor restrictions
$1,140,188
Gross receipts
$3,036,659
Employees
0
Volunteers
5
Year formed
1991
State of legal domicile
PA

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
E JAMES HENDERSONVICE PRESIDENT
Trustee or director, Officer
1$0
ELAINE LEONARDISECRETARY/TREASURER
Trustee or director, Officer
1$0
MICHAEL J LEVITTPRESIDENT
Trustee or director, Officer
1$0
PATRICIA LEVITTVICE PRESIDENT
Trustee or director, Officer
1$0
PAUL CHANSECRETARY
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
MICHAEL J LEVITTPRESIDENT
Trustee or director, Officer
1$0
PATRICIA LEVITTVICE PRESIDENT
Trustee or director, Officer
1$0
E JAMES HENDERSONVICE PRESIDENT
Trustee or director, Officer
1$0
PAUL CHANSecretary
Trustee or director, Officer
1$0
ELAINE LEONARDISECRETARY/TREASURER
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
PO BOX 90708, CAMDEN, NJ 08101-0700
In care of
% MELANIE GILBERT
Principal officer (990 for 2024)
MICHAEL J LEVITT, PO BOX 90708, CAMDEN, NJ 08101
Signed the 990
MICHAEL J LEVITT, PRESIDENT
Phone
(856) 596-0500
Return prepared by
BDO USA

Mission

AWARDING EDUCATIONAL SCHOLARSHIPS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE CORPORATION PROVIDED EDUCATIONAL SCHOLARSHIPS AND GENERALLY PROMOTED THE EDUCATION OF RESIDENTS OF LOW-INCOME COMMUNITIES, EMPLOYEE DEPENDENTS AND MILITARY BASES. SCHOLARSHIPS ARE GRANTED AT THE DISCRETION OF THE BOARD OF DIRECTORS.
    Expenses $2,266,818 · grants $2,131,525

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
22-3113975
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1991
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20Z)
Assets (IRS master file)
$1,254,989
Income (IRS master file)
$3,036,659

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,909,389$2,336,917$1,254,989XML
990December 2023$2,177,851$1,992,234$598,364XML
990December 2022$1,780,980$1,656,306$403,071IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 22-3113975).

Questions about THE MICHAELS ORGANIZATION EDUCATIONAL FOUNDATION

What is the EIN of THE MICHAELS ORGANIZATION EDUCATIONAL FOUNDATION?
The employer identification number (EIN) of THE MICHAELS ORGANIZATION EDUCATIONAL FOUNDATION is 22-3113975.
Is THE MICHAELS ORGANIZATION EDUCATIONAL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
Are donations to THE MICHAELS ORGANIZATION EDUCATIONAL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE MICHAELS ORGANIZATION EDUCATIONAL FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE MICHAELS ORGANIZATION EDUCATIONAL FOUNDATION 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 ORGANIZATION EDUCATIONAL FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE MICHAELS ORGANIZATION EDUCATIONAL FOUNDATION?
The 990 for the year ended December 31, 2024 names MICHAEL J LEVITT.
Who are the officers and directors of THE MICHAELS ORGANIZATION EDUCATIONAL FOUNDATION?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does THE MICHAELS ORGANIZATION EDUCATIONAL FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,909,389, expenses of $2,336,917 and total assets of $1,254,989 at year end.

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