Nonprofit · EIN 27-2898736
MICHELSON 20MM FOUNDATION INC
Tax-exempt · LOS ANGELES, CA 90034
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $4,477,890 | $4,884,094 | -$406,204 | $4,424,534 | $982,127 | $3,442,407 |
| December 31, 2023 | 990-PF | $3,467,142 | $3,855,726 | -$388,584 | $4,879,691 | $644,821 | $4,234,870 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,516,055
- Net gain from sales of assets
- -$67,455
- Other income
- $29,290
Expenses
- Grants and similar amounts paid
- $1,289,397
- Compensation of officers, directors and key employees
- $308,608
- Salaries, compensation and benefits (total)
- $2,200,630
- Disbursements for charitable purposes
- $4,726,344
- Excise tax on investment income
- $177
Balance sheet and other
- Total assets, start of year
- $4,879,691
- Total assets, end of year
- $4,424,534
- Total liabilities, end of year
- $982,127
- Net assets, end of year
- $3,442,407
- Fair market value of assets
- $4,424,534
- Qualifying distributions
- $4,726,344
- Net investment income
- $12,755
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 | Other / benefits |
|---|---|---|---|---|
| Mayra Lombera 3000 S Robertson Blvd Suite 105, LOS ANGELES, CA 90034 | COO | 40 | $180,034 | $55,606 |
| MIGUEL LEON 3000 S ROBERTSON AVE, LOS ANGELES, CA 90034 | SR. DIRECTOR Highest-paid employee | 40 | $130,928 | $32,744 |
| PHIL KIM 3000 S Robertson Blvd Suite 105, LOS ANGELES, CA 90034 | CEO | 20 | $128,574 | $64,567 |
| RYAN ERIKSON-KULAS 3000 S ROBERTSON AVE, LOS ANGELES, CA 90034 | PROGRAMS DIRECTOR Highest-paid employee | 40 | $113,268 | $15,039 |
| CHINWENWA OHANELE 3000 S ROBERTSON AVE, LOS ANGELES, CA 90034 | SR. PROGRAM MANAGER Highest-paid employee | 40 | $101,152 | $14,755 |
| CRISTAL MOJICA 3000 S ROBERTSON AVE, LOS ANGELES, CA 90034 | SR. PROGRAM MANAGER Highest-paid employee | 40 | $95,317 | $16,457 |
| JENNIFER LIU 3000 S ROBERTSON AVE, LOS ANGELES, CA 90034 | MARKETING MANAGER Highest-paid employee | 40 | $91,018 | $25,068 |
| Gary K Michelson M D 11755 Wilshire Blvd 1400, Los Angeles, CA 90025 | Director, President, & Chair | 1 | $0 | $0 |
| DAVID COHEN 11755 Wilshire Blvd 1400, Los Angeles, CA 90025 | Secretary & Treasurer | 0 | $0 | $0 |
| Alya Michelson 11755 Wilshire Blvd 1400, Los Angeles, CA 90025 | CO-CHAIR | 0 | $0 | $0 |
| Brett Yates 3000 S Robertson Blvd 105, Los Angeles, CA 90034 | CFO | 0 | $0 | $0 |
990-PF for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MAYRA LOMBERA 3000 S ROBERTSON AVE, LOS ANGELES, CA 90034 | COO Highest-paid employee | 40 | $177,057 | $51,136 |
| PHIL KIM 3000 S Robertson Blvd Suite 105, LOS ANGELES, CA 90034 | CEO | 20 | $126,675 | $0 |
| MIGUEL LEON 3000 S ROBERTSON AVE, LOS ANGELES, CA 90034 | STRATEGIC DIRECTOR Highest-paid employee | 40 | $124,368 | $24,961 |
| RYAN ERICKSON-KULAS 3000 S ROBERTSON AVE, LOS ANGELES, CA 90034 | PROGRAMS DIRECTOR Highest-paid employee | 40 | $108,412 | $9,432 |
| CRISTAL MOJICA 3000 S ROBERTSON AVE, LOS ANGELES, CA 90034 | PROGRAM MANAGER Highest-paid employee | 40 | $91,545 | $12,079 |
| QUEENA HOANG 3000 S ROBERTSON AVE, LOS ANGELES, CA 90034 | PROGRAM MANAGER Highest-paid employee | 40 | $82,281 | $16,253 |
| Gary K Michelson M D 11755 Wilshire Blvd 1400, Los Angeles, CA 90025 | Director, President, & Chair | 1 | $0 | $0 |
| DAVID COHEN 11755 Wilshire Blvd 1400, Los Angeles, CA 90025 | Secretary & Treasurer | 1 | $0 | $0 |
| Alya Michelson 11755 Wilshire Blvd 1400, Los Angeles, CA 90025 | CO-CHAIR | 1 | $0 | $0 |
| Brett Yates 3000 S Robertson Blvd 105, Los Angeles, CA 90034 | CFO | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3000 S ROBERTSON BLVD STE 105, LOS ANGELES, CA 90034-3145
- In care of
- % DARICE BAILEY
- Signed the 990-PF
- PHIL KIM, PRESIDENT
- Phone
- (310) 806-9700
- Website
- WWW.20MM.ORG
- Return prepared by
- HOLTHOUSE CARLIN & VAN TRIGT LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 27-2898736 or by the name MICHELSON 20MM FOUNDATION INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
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
- 27-2898736
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T23)
- Assets (IRS master file)
- $4,424,534
- Income (IRS master file)
- $4,677,911
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $4,477,890 | $4,884,094 | $4,424,534 | XML |
| 990-PF | December 2023 | $3,467,142 | $3,855,726 | $4,879,691 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 27-2898736).
Questions about MICHELSON 20MM FOUNDATION INC
- What is the EIN of MICHELSON 20MM FOUNDATION INC?
- The employer identification number (EIN) of MICHELSON 20MM FOUNDATION INC is 27-2898736.
- Is MICHELSON 20MM FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to MICHELSON 20MM FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does MICHELSON 20MM FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MICHELSON 20MM 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 MICHELSON 20MM 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 MICHELSON 20MM FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 11 people; 7 received compensation from the organization, the highest $180,034 (Mayra Lombera, COO).
- How much revenue does MICHELSON 20MM FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $4,477,890, expenses of $4,884,094 and total assets of $4,424,534 at year end.
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