Nonprofit · EIN 87-6122556
HERBERT I & ELSA B MICHAEL FOUNDATION
Tax-exempt · SAINT PAUL, MN 55164
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990-PF | $448,312 | $482,428 | -$34,116 | $5,621,176 | $0 | $5,621,176 |
| September 30, 2024 | 990-PF | $180,823 | $561,337 | -$380,514 | $5,652,770 | $0 | $5,652,770 |
| September 30, 2023 | 990-PF | $177,409 | $85,752 | $91,657 | $6,036,878 | $0 | $6,036,878 |
Financial details: 990-PF for the year ended September 30, 2025
Revenue
- Dividends
- $183,316
- Interest
- $75
- Net gain from sales of assets
- $264,921
Expenses
- Grants and similar amounts paid
- $389,500
- Compensation of officers, directors and key employees
- $86,069
- Disbursements for charitable purposes
- $409,257
- Excise tax on investment income
- $5,214
Balance sheet and other
- Total assets, start of year
- $5,652,770
- Total assets, end of year
- $5,621,176
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,621,176
- Fair market value of assets
- $7,606,121
- Qualifying distributions
- $409,257
- Net investment income
- $448,312
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| US BANK NATIONAL ASSOCIATION PO BOX 64193, EAGAN, MN 55164 | Trustee | 0 | $81,089 |
| KEITH ODENDAHL 855 N HOMESTEAD BLVD, PRICE, UT 84501 | CHAR COMMITTEE | 0 | $1,660 |
| TAYLOR RANDALL 203 PARK BLDG, SALT LAKE CITY, UT 84112 | CHAR COMMITTEE | 0 | $1,660 |
| MATTHEW DURRANT 9617 MORYWOOD LN, SOUTH JORDAN, UT 84095 | CHAR COMMITTEE | 0 | $1,660 |
| JASON W HARDIN 215 S STATE ST STE 1200, SALT LAKE CITY, UT 84111 | CO-TRUSTEE | 0 | $0 |
| SWENSON LAW FIRM LLC 160 MILL RD, KAYSVILLE, UT 84037 | CO-TRUSTEE | 0 | $0 |
990-PF for the year ended September 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| US BANK NATIONAL ASSOCIATION PO BOX 3168, PORTLAND, OR 97208 | Trustee | 0 | $79,407 |
| KEITH ODENDAHL 855 N HOMESTEAD BLVD, PRICE, UT 84501 | CHAR COMMITTEE | 0 | $830 |
| TAYLOR RANDALL 203 PARK BLDG, SALT LAKE CITY, UT 84112 | CHAR COMMITTEE | 0 | $830 |
| MATTHEW DURRANT 9617 MORYWOOD LN, SOUTH JORDAN, UT 84095 | CHAR COMMITTEE | 0 | $830 |
| JASON W HARDIN 215 S STATE ST STE 1200, SALT LAKE CITY, UT 84111 | CO-TRUSTEE | 0 | $803 |
| SWENSON LAW FIRM LLC 160 MILL RD, KAYSVILLE, UT 84037 | CO-TRUSTEE | 0 | $0 |
990-PF for the year ended September 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| US BANK NATIONAL ASSOCIATION PO BOX 3168, PORTLAND, OR 97208 | Trustee | 0 | $66,666 |
| JASON W HARDIN 215 S STATE ST STE 1200, SALT LAKE CITY, UT 84111 | CO-TRUSTEE | 0 | $0 |
| SWENSON LAW FIRM LLC 160 MILL RD, KAYSVILLE, UT 84037 | CO-TRUSTEE | 0 | $0 |
| KEITH ODENDAHL 855 N HOMESTEAD BLVD, PRICE, UT 84501 | CHAR COMMITTEE | 0 | $0 |
| TAYLOR RANDALL 203 PARK BLDG, SALT LAKE CITY, UT 84112 | CHAR COMMITTEE | 0 | $0 |
| MATTHEW DURRANT 9617 MORYWOOD LN, SOUTH JORDAN, UT 84095 | CHAR COMMITTEE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 64193, SAINT PAUL, MN 55164-0193
- In care of
- % US BANK
- Signed the 990-PF
- GREG PHILLIPS, TRUST TAX OFFICER
- Return prepared by
- King & McCleary LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990-PF on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990-PF on file |
IRS record
- EIN
- 87-6122556
- 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
- 1956
- Accounting year ends
- September
- Files
- Form 990-PF
- Assets (IRS master file)
- $5,621,176
- Income (IRS master file)
- $874,656
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | September 2025 | $448,312 | $482,428 | $5,621,176 | XML |
| 990-PF | September 2024 | $180,823 | $561,337 | $5,652,770 | XML |
| 990-PF | September 2023 | $177,409 | $85,752 | $6,036,878 | XML |
| 990-PF | September 2022 | – | – | – | IRS |
| 990-PF | September 2021 | – | – | – | IRS |
| 990-PF | September 2020 | – | – | – | 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 87-6122556).
Questions about HERBERT I & ELSA B MICHAEL FOUNDATION
- What is the EIN of HERBERT I & ELSA B MICHAEL FOUNDATION?
- The employer identification number (EIN) of HERBERT I & ELSA B MICHAEL FOUNDATION is 87-6122556.
- Is HERBERT I & ELSA B MICHAEL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1956.
- Are donations to HERBERT I & ELSA B MICHAEL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does HERBERT I & ELSA B MICHAEL FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of HERBERT I & ELSA B MICHAEL FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HERBERT I & ELSA B MICHAEL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended September 2025.
- Who are the officers and directors of HERBERT I & ELSA B MICHAEL FOUNDATION?
- The 990-PF for the year ended September 30, 2025 lists 6 people; 4 received compensation from the organization, the highest $81,089 (US BANK NATIONAL ASSOCIATION, Trustee).
- How much revenue does HERBERT I & ELSA B MICHAEL FOUNDATION have?
- On its 990-PF for the year ended September 30, 2025 it reported revenue of $448,312, expenses of $482,428 and total assets of $5,621,176 at year end.
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