Nonprofit · EIN 58-2430856
MICHAELS FAMILY CHARITABLE FOUNDATION INC
Tax-exempt · ATLANTA, GA 30327
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $980,654 | $111,192 | $869,462 | $2,326,651 | $20,712 | $2,305,939 |
| December 31, 2023 | 990-PF | $109,902 | $88,011 | $21,891 | $1,439,852 | $3,375 | $1,436,477 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $34,814
- Net gain from sales of assets
- $697,343
- Other income
- $248,497
Expenses
- Grants and similar amounts paid
- $73,385
- Compensation of officers, directors and key employees
- $12,000
- Disbursements for charitable purposes
- $89,588
- Excise tax on investment income
- $13,331
Balance sheet and other
- Total assets, start of year
- $1,439,852
- Total assets, end of year
- $2,326,651
- Total liabilities, end of year
- $20,712
- Net assets, end of year
- $2,305,939
- Fair market value of assets
- $2,339,023
- Qualifying distributions
- $89,588
- Net investment income
- $980,654
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 |
|---|---|---|---|
| EDWARD G MICHAELS III 229 PEACHTREE HILLS AVE NE 5405, ATLANTA, GA 30305 | FOUNDER/PRESIDENT | 20 | $0 |
| KATHARINE MCDOWELL 1755 NANCY CREEK BLUFF NW, ATLANTA, GA 30327 | EXECUTIVE DIRECTOR | 20 | $0 |
| JOANNE T MICHAELS 229 PEACHTREE HILLS AVE NE 5405, ATLANTA, GA 30305 | TRUSTEE | 5 | $0 |
| EDWARD G MICHAELS IV 1755 NANCY CREEK BLUFF NW, ATLANTA, GA 30327 | TRUSTEE | 5 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHARINE MCDOWELL 1755 NANCY CREEK BLUFF NW, ATLANTA, GA 30327 | EXECUTIVE DIRECTOR | 20 | $13,000 |
| EDWARD G MICHAELS III 229 PEACHTREE HILLS AVE NE 5405, ATLANTA, GA 30305 | FOUNDER/PRESIDENT | 20 | $0 |
| JOANNE T MICHAELS 229 PEACHTREE HILLS AVE NE 5405, ATLANTA, GA 30305 | TRUSTEE | 5 | $0 |
| EDWARD G MICHAELS IV 1755 NANCY CREEK BLUFF NW, ATLANTA, GA 30327 | TRUSTEE | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1755 NANCY CREEK BLF NW, ATLANTA, GA 30327-1912
- In care of
- % EDWARD G MICHAELS III
- Signed the 990-PF
- KATHARINE M POST, PRESIDENT
- Phone
- (404) 550-2811
- Return prepared by
- CLIFTONLARSONALLEN LLP
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
- 58-2430856
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $2,326,651
- Income (IRS master file)
- $2,400,763
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $980,654 | $111,192 | $2,326,651 | XML |
| 990-PF | December 2023 | $109,902 | $88,011 | $1,439,852 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 58-2430856).
Questions about MICHAELS FAMILY CHARITABLE FOUNDATION INC
- What is the EIN of MICHAELS FAMILY CHARITABLE FOUNDATION INC?
- The employer identification number (EIN) of MICHAELS FAMILY CHARITABLE FOUNDATION INC is 58-2430856.
- Is MICHAELS FAMILY CHARITABLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to MICHAELS FAMILY CHARITABLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MICHAELS FAMILY CHARITABLE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MICHAELS FAMILY CHARITABLE 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 MICHAELS FAMILY CHARITABLE 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 MICHAELS FAMILY CHARITABLE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does MICHAELS FAMILY CHARITABLE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $980,654, expenses of $111,192 and total assets of $2,326,651 at year end.
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