2025-09-02T18:38:08-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 2055 E WARNER RD STE 101 TEMPE AZ 85284 990 2024-01-01 611571538 THE MICHAEL PHELPS FOUNDATION MICH 2075368375 PO BOX 7 LITCHFIELD PARK AZ 85340 LENNY KRAYZELBURG TREASURER 2075368375 2025-09-02 1 0 COLETTE KAMPS P00367616 4808394900 2025-09-02 2024 2025-03-06 01:10:19Z X MICHAEL F PHELPS II PO BOX 7 LITCHFIELD PARK AZ 85340 1902279 0 X WWW. MICHAELPHELPSFOUNDATION.ORG X 2008 DC THE ORGANIZATION'S MISSION IS TO PROMOTE HEALTHY, ACTIVE LIVES, ESPECIALLY FOR CHILDREN, PRIMARILY BY EXPANDING OPPORTUNITIES FOR PARTICIPATION IN THE SPORT OF SWIMMING. 7 7 4 94 0 0 1390748 1887447 0 0 22687 4832 -285946 -551374 1127489 1340905 644614 588885 0 0 266079 234267 7000 0 84957 497805 442030 1415498 1265182 -288009 75723 1509140 1437272 159461 11870 1349679 1425402 THE ORGANIZATION'S MISSION IS TO PROMOTE HEALTHY, ACTIVE LIVES, ESPECIALLY FOR CHILDREN, PRIMARILY BY EXPANDING OPPORTUNITIES FOR PARTICIPATION IN THE SPORT OF SWIMMING. 0 0 1046680 588885 MPF'S VISION IS FOR EVERYONE TO HAVE ACCESS TO WATER SAFETY EDUCATION, SUPPORT FOR HEALTHY LIVING (EMOTIONAL AND PHYSICAL), AND TOOLS TO SET GOALS AND PURSUE DREAMS. WE DEVELOP PROGRAM-DRIVEN SOLUTIONS THROUGH OUR IM AND LEVEL FIELD FUND SWIMMING PROGRAMS AND HAVE SUSTAINABLE DELIVERY THROUGH STRATEGIC PARTNERSHIPS SUCH AS THE BOYS & GIRLS CLUBS OF AMERICA, LEVEL FIELD FUND AND SPECIAL OLYMPICS INTERNATIONAL.IN 2024, MPF AWARDED 238 GRANTS, RESULTING IN A TOTAL OF 11,700 PARTICIPANTS IN THE IM PROGRAM. IN ADDITION, MPF AWARDED 5 GRANTS TO ATHLETES FOR OLYMPIC TRIALS, SUPPORTED 57 IM CHAMPION COACHES IN THE SPECIAL OLYMPICS, AND HOSTED 9 LEVEL 2 TRAININGS. 1046680 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 5 0 4 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 7 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL HI IL KS KY ME MD MA MI MN MS NV NJ NM NY ND OH OK OR PA RI SC TN UT VA WA WV X THE ORGANIZATION 2075368375 PO BOX 7 LITCHFIELD PARK AZ 85340 NICOLE PHELPS PRESIDENT 5.00 X X 0 0 0 MICHAEL LYNCH BOARD MEMBER 3.00 X 0 0 0 DEBBIE PHELPS SECRETARY 3.00 X X 0 0 0 LENNY KRAYZELBERG TREASURER 3.00 X X 0 0 0 BOB BOWMAN BOARD MEMBER 3.00 X 0 0 0 MIKE UNGER BOARD MEMBER 3.00 X 0 0 0 KRISTIN STRUBLE BOARD MEMBER 3.00 X 0 0 0 MARISSA FORTIER MANAGING DIRECTOR (THRU 4/24) 40.00 X 38422 0 0 38422 0 0 0 0 0 0 0 1276300 611147 169624 1887447 4832 4832 10000 1276300 561374 -551374 -551374 1340905 0 0 -546542 588885 588885 38422 31866 3579 2977 166969 138478 15553 12938 13086 10792 1188 1106 15790 13023 1433 1334 32948 6799 26149 29977 351 29626 6864 4369 2495 10866 10716 150 18214 7916 10298 7706 78 7628 71404 70250 891 263 583 583 11893 3555 8338 TRAINING 77168 66058 11110 BAD DEBT 58500 58500 PROGRAM MATERIALS 53167 53167 PRINTING AND DESIGN 25865 25865 36875 14512 14524 7839 1265182 1046680 133545 84957 1440940 585912 513500 58006 328500 10000 9166 2882 2688 194 194 1509140 1437272 159461 11870 159461 11870 X 1292679 1096902 57000 328500 1349679 1425402 1509140 1437272 75723 0 X X 0 1 X 1 0 X 1200973 678935 1194877 1390748 1887447 6352980 1200973 678935 1194877 1390748 1887447 6352980 1055913 5297067 2730 2434 8254 22687 4832 40937 6393917 37153 0.82850 0.79290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2882 2688 194 194 X 1340905 0 1340905 0 1340905 1265182 0 1265182 0 1265182 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE AND/OR STATE TAXING AUTHORITIES. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. TEE IT UP 1286300 1276300 10000 37126 137312 23452 176188 187296 1286300 1276300 10000 37126 137312 23452 176188 187296 561374 -551374 1 BOYS & GIRLS CLUBS OF AMERICA 1275 PEACHTREE STREET NE ATLANTA GA 303093506 135562976 501(C)(3) 510000 0 GRANT PROVIDED TO THE NATIONAL OFFICE FOR THE IMPLEMENTATION OF IM PROGRAM SPECIAL OLYMPICS ARIZONA 2455 N CITRUS ROAD BUILDING 64 GOODYEAR AZ 85395 860307564 501(C)(3) 6500 0 DONATION TO SUPPORT LOCAL SPECIAL OLYMPICS TEAMS GIRL SCOUTS OF MAINE 128 GANNETT STREET SOUTH PORTLAND ME 04106 010269802 501(C)(3) 16000 0 GRANT FOR IM PROGRAM AT SUMMER CAMPS NATIONAL DROWNING PREVENTIVE ALLIANCE 110 W MAIN STREET TUSTIN CA 92780 201827387 501(C)(3) 7500 0 TO PROVIDE SCHOLARSHIPS TO AQUATICS PROFESSIONALS 4 PART I, LINE 2: DONATIONS ARE MADE TO ORGANIZATIONS THAT SHARE OUR MISSION. THE FOUNDATION MAINTAINS A RELATIONSHIP AND PROVIDES ONGOING PROGRAM SUPPORT WITH THE DONEES. X VACATION PACKAGE (AUCTION ITEM) 2 80000 FMV X SPECIAL EVENT GIFTS (GOLF BALLS, APPAREL & OTHER) 531 39845 X SPECIAL EVENT PRIZES- LUXURY WATCHES 5 30000 FMV X SPECIAL EVENT PRIZES (GOLF BAG, IRONS, DRIVERS, OTHER) 20 7126 FMV X TICKETS TO THE PLAYERS CHAMPIONSHIPS (AUCTION ITEM) 2 5000 FMV X CELEBRITY SIGNED GUITAR (AUCTION ITEM) 1 4053 FMV X MUSIC FESTIVAL TICKETS (AUCTION ITEM) 4 3600 FMV 0 0 0 PART I, COLUMN (B): THE NUMBER IN PART I, COLUMN B REPRESENTS THE NUMBER OF INDIVIDUAL ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 2 DEBBIE PHELPS (SECRETARY) AND NICOLE PHELPS (PRESIDENT) HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS DISTRIBUTED TO THE MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING ALL BOARD MEMBERS TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST BETWEEN THE FOUNDATION AND THEMSELVES OR ANY ENTITY THEY HAVE OWNERSHIP IN. IF IT IS DETERMINED THAT A CONFLICT OF INTEREST EXISTS, THE CONFLICTED BOARD MEMBER RECUSES HIM/HERSELF FROM VOTING ON THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION PAYS ITS MANAGERS BASED ON A POLICY FOR DETERMINING THE COMPENSATION. THE PROCESS INCLUDES ALL OF THESE ELEMENTS: (1) REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS OF THE FOUNDATION; (2) USE OF COMPARABLE COMPENSATION DATA; AND (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. (1) REVIEW AND APPROVAL: THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OF THE FOUNDATION, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. (2) USE OF COMPARABLE COMPENSATION DATA: THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA SHOWING COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING: THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDING KEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PAGE 12, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED SINCE PRIOR YEAR.