2026-08-26T11:07:00-05:00 2025-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 2055 E WARNER RD STE 101 TEMPE AZ 85284 990 2025-01-01 611571538 THE MICHAEL PHELPS FOUNDATION MICH 2075368375 PO BOX 7 LITCHFIELD PARK AZ 85340 LENNY KRAYZELBURG TREASURER 2075368375 2026-08-24 1 SHARLYNN GARZA P02038329 4808394900 2026-08-24 2025 2025-03-06 01:10:19Z NICOLE PHELPS PO BOX 7 LITCHFIELD PARK AZ 85340 1821814 0 X WWW. MICHAELPHELPSFOUNDATION.ORG X 2008 DC THE FOUNDATION PROMOTES THE IMPORTANCE OF WATER SAFETY AND MENTAL (CONTINUED ON SCHEDULE O) WELLNESS THROUGH ITS COMPREHENSIVE IM PROGRAM. THE PROGRAM INTEGRATES WATER SAFETY, SWIMMING, MENTAL WELLNESS, HEALTHY LIVING, AND GOAL SETTING, EQUIPPING INDIVIDUALS WITH THE SKILLS AND CONFIDENCE TO THRIVE IN AND OUT OF THE WATER. 7 7 3 22 0 0 1887447 1804589 0 0 4832 147 -551374 -273898 1340905 1530838 588885 563637 0 0 234267 197993 0 0 163762 442030 542251 1265182 1303881 75723 226957 1437272 1679239 11870 25255 1425402 1653984 THE MICHAEL PHELPS FOUNDATION'S (MFP) MISSION IS TO EMPOWER INDIVIDUALS TO LIVE HEALTHIER, MORE CONFIDENT LIVES BY PROVIDING WATER SAFETY, MENTAL WELLNESS, AND HEALTHY LIVING EDUCATION, EQUIPPING PEOPLE WITH THE SKILLS TO THRIVE IN AND OUT OF THE WATER. 0 0 957995 563637 MPF'S VISION IS A WORLD WHERE ALL INDIVIDUALS HAVE THE CONFIDENCE, SKILLS, AND SUPPORT TO LIVE HEALTH, SAFE, AND FULFILLING LIVES, IN AND OUT OF THE WATER. WE DEVELOP PROGRAM-DRIVEN SOLUTIONS THROUGH OUR IM PROGRAM AND HAVE SUSTAINABLE DELIVERY THROUGH STRATEGIC PARTNERSHIPS SUCH AS THE BOYS & GIRLS CLUBS OF AMERICA AND SPECIAL OLYMPICS INTERNATIONAL.IN 2025, MPF FUNDED 166 LOCAL PROGRAM AWARDS THROUGH ITS STRAGETIC PARTNERS, RESULTING IN A TOTAL OF 13,800 PARTICIPANTS IN THE IM PROGRAM. IN ADDITION, MPF TRAINED 23 NEW IM CHAMPION COACHES IN SPECIAL OLYMPICS AND SUPPORTED COACH DEVELOPMENT FOR TEAMS IN 38 COUNTRIES. 957995 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 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 6 0 3 1 0 0 0 0 0 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 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 X MEGAN JOHNSON 2075368375 PO BOX 7 LITCHFIELD PARK AZ 85340 NICOLE PHELPS PRESIDENT & CEO 5.00 X X 0 0 0 DEBBIE PHELPS SECRETARY 1.00 X X 0 0 0 LENNY KRAYZELBERG TREASURER 3.00 X X 0 0 0 MICHAEL LYNCH BOARD MEMBER 1.00 X 0 0 0 BOB BOWMAN BOARD MEMBER 1.00 X 0 0 0 MIKE UNGER BOARD MEMBER 1.00 X 0 0 0 KRISTIN STRUBLE BOARD MEMBER 1.00 X 0 0 0 KAREN LINHART EXECUTIVE DIRECTOR 40.00 X 11687 0 0 11687 0 0 0 0 0 0 0 X 1059647 744942 199100 1804589 147 147 17000 1059647 290976 -273976 -273976 OTHER REVENUE 900099 78 78 78 1530838 0 0 -273751 563637 563637 11687 5843 2922 2922 162357 111919 35563 14875 6415 4013 1295 1107 4919 4919 12615 8352 3156 1107 17558 2012 15546 56911 56911 66390 19790 46600 9402 5850 3552 4721 2502 1874 345 47704 47381 161 162 7763 444 7319 DONATED AUCTION SUPPLIE 128000 128000 DONATED PROGRAM SUPPLIE 71100 71100 PROGRAM MATERIALS 59337 59337 TRAINING 35617 35453 164 37748 20362 2142 15244 1303881 957995 182124 163762 585912 919642 513500 704471 328500 37000 4000 9166 14126 2688 2688 194 0 1437272 1679239 11870 25255 11870 25255 X 1096902 1616984 328500 37000 1425402 1653984 1437272 1679239 226957 1625 0 X X 0 1 X 1 0 X 678935 1194877 1390748 1887447 1804589 6956596 678935 1194877 1390748 1887447 1804589 6956596 974775 5981821 2434 8254 22687 4832 147 38354 78 78 6995028 0.85520 0.82850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2688 2688 0 0 X 1532463 1625 1625 1530838 0 1530838 1303881 0 1303881 0 1303881 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. MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM ACTIVITIES HOSTED A REGIONAL COACH WORKSHOP THROUGH SPECIAL OLYMPICS INTERNATIONAL. 13400 0 0 0 0 0 0 13400 0 13400 0 0 0 0 0 0 FORM 990, SCHEDULE F, PART I, LINE 3, COLUMN F: AMOUNTS ARE REPORTED USING THE ACCRUAL METHOD OF ACCOUNTING. THE AMOUNT REPORTED CONSISTS ENTIRELY OF PROGRAM EXPENDITURES AND INCLUDES NO FOREIGN INVESTMENTS. TEE IT UP (GOLF TOURNAMENT) 1076647 1059647 17000 107769 81150 102057 1076647 1059647 17000 107769 81150 102057 290976 -273976 1 BOYS & GIRLS CLUBS OF AMERICA 1275 PEACHTREE STREET NE ATLANTA GA 303093506 135562976 501(C)(3) 378000 0 GRANT PROVIDED TO THE NATIONAL OFFICE FOR THE IMPLEMENTATION OF IM PROGRAM SPECIAL OLYMPICS INTERNATIONAL 2600 VIRGINIA AVE NW FL 11 WASHINGTON DC 20037 520889518 501(C)(3) 150000 0 TO SUPPORT THE SPORT OF SWIMMING IN SPECIAL OLYMPICS THROUGH SPECIALIZED SWIM COACH TRAINING AND DEVELOPMENT 2 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 26450 FMV X VACATION PACKAGE (AUCTION ITEM) 2 80000 FMV X SPECIAL EVENT PRIZES- LUXURY WATCHES 5 30000 FMV X WINERY EXPERIENCE (AUCTION ITEM) 2 30000 FMV X SPECIAL OPS RANGE DAY (AUCTION ITEM) 2 12000 FMV X SPECIAL EVENT GIFTS (GOLF BALLS, WHOPP BANDS, SUNCREEN, BAGS, WEDGE, D 133 9150 FMV X SPECIAL EVENT PRIZES-DINNER VOUCHERS 11 5500 FMV X TICKETS TO THE TWO RYDER CUP (AUCTION ITEM) 2 4500 FMV X CELEBRITY SIGNED GUITAR (AUCTION ITEM) 1 1500 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 8B THE FOUNDATION DOES NOT HAVE COMMITTEES. 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 RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS. THE EXECUTIVE DIRECTOR WAS CONTRACTED TOWARD THE END OF 2025 AND WAS PAID AS AN INDEPENDENT CONTRACTOR. 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, PART VIII, LINE 8 EXPLANATION OF SPECIAL EVENT REVENUE PART VIII OF FORM 990 REPORTS A NET LOSS FROM THE FOUNDATION'S SPECIAL EVENT. THIS PRESENTATION RESULTS FROM THE FORM 990 REQUIREMENT TO REPORT THE CONTRIBUTION COMPONENT OF SPECIAL EVENT RECEIPTS SEPARATELY AS CONTRIBUTION REVENUE ON PART VIII, LINE 1. THIS SPECIAL EVENT SECTION THEREFORE DOES NOT INCLUDE ALL AMOUNTS GENERATED THROUGH THE EVENT WHILE REFLECTING THE APPLICABLE DIRECT EVENT EXPENSES. WHEN THE CONTRIBUTION PORTION OF EVENT RECEIPTS IS INCLUDED, THE EVENT GENERATED $785,671 OF NET FINANCIAL SUPPORT FOR THE FOUNDATION'S PROGRAMS AND EXEMPT PURPOSES. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.