Nonprofit · EIN 87-2298894
MICHELSON PHILANTHROPIES 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 | $8,224,722 | $7,027,220 | $1,197,502 | $4,037,394 | $2,923,505 | $1,113,889 |
| December 31, 2023 | 990-PF | $6,599,415 | $6,653,199 | -$53,784 | $2,983,715 | $3,067,328 | -$83,613 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,222,290
- Other income
- $2,432
Expenses
- Grants and similar amounts paid
- $3,308,580
- Compensation of officers, directors and key employees
- $695,450
- Salaries, compensation and benefits (total)
- $885,711
- Disbursements for charitable purposes
- $6,857,194
Balance sheet and other
- Total assets, start of year
- $2,983,715
- Total assets, end of year
- $4,037,394
- Total liabilities, end of year
- $2,923,505
- Net assets, end of year
- $1,113,889
- Fair market value of assets
- $4,037,394
- Qualifying distributions
- $6,857,194
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 |
|---|---|---|---|---|
| GEOFFREY BAUM 3000 S ROBERTSON BLVD SUITE 105, LOS ANGELES, CA 90034 | Executive Director | 40 | $276,160 | $47,014 |
| DARICE BAILEY 3000 S Robertson Blvd 105, Los Angeles, CA 90034 | CFO | 40 | $208,190 | $28,490 |
| LORI HUTCHINS 3000 S ROBERTSON BLVD, LOS ANGELES, CA 90034 | CHIEF INNOVATION OFF Highest-paid employee | 40 | $189,178 | $47,480 |
| FRED CHASE 3000 S ROBERTSON BLVD, LOS ANGELES, CA 90034 | GENERAL COUNSEL Highest-paid employee | 40 | $176,327 | $33,002 |
| DENISE HERNANDEZ 3000 S Robertson Blvd 105, Los Angeles, CA 90034 | COO | 40 | $149,971 | $11,532 |
| TULASI LOVELL 3000 S ROBERTSON BLVD, LOS ANGELES, CA 90034 | DIRECTOR OF DIGITAL Highest-paid employee | 40 | $141,939 | $20,590 |
| DANIEL SCALLY 3000 S ROBERTSON BLVD, LOS ANGELES, CA 90034 | DIRECTOR OF TECHNOLO Highest-paid employee | 40 | $131,969 | $31,405 |
| ALISON TREWEEK 3000 S ROBERTSON BLVD, LOS ANGELES, CA 90034 | ASSISTANT CONTROLLER Highest-paid employee | 40 | $129,548 | $26,559 |
| BRETT YATES 3000 S ROBERTSON BLVD SUITE 105, LOS ANGELES, CA 90034 | COO/CFO | 20 | $61,129 | $6,997 |
| GARY KARLIN MICHELSON M D 11755 WILSHIRE BLVD SUITE 1400, LOS ANGELES, CA 90025 | DIRECTOR, PRESIDENT & CHAIR | 1 | $0 | $0 |
| DAVID COHEN 11755 WILSHIRE BLVD SUITE 1400, LOS ANGELES, CA 90025 | Secretary & Treasurer | 1 | $0 | $0 |
| ALYA MICHELSON 11755 WILSHIRE BLVD SUITE 1400, LOS ANGELES, CA 90025 | CO-CHAIR | 0 | $0 | $0 |
990-PF for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GEOFFREY BAUM 3000 S ROBERTSON BLVD SUITE 105, LOS ANGELES, CA 90034 | Executive Director | 40 | $281,400 | $0 |
| LORI HUTCHINS 3000 S ROBERTSON BLVD, LOS ANGELES, CA 90034 | CHIEF ADMIN OFFICER Highest-paid employee | 40 | $191,325 | $50,898 |
| FRED CHASE 3000 S ROBERTSON BLVD, LOS ANGELES, CA 90034 | GENERAL COUNSEL Highest-paid employee | 40 | $181,516 | $28,782 |
| DARICE BAILEY 3000 S ROBERTSON BLVD, LOS ANGELES, CA 90034 | CONTROLLER Highest-paid employee | 40 | $162,252 | $21,218 |
| BRETT YATES 3000 S ROBERTSON BLVD SUITE 105, LOS ANGELES, CA 90034 | COO/CFO | 20 | $139,708 | $30,707 |
| TULASI LOVELL 3000 S ROBERTSON BLVD, LOS ANGELES, CA 90034 | DIRECTOR OF DIGITAL Highest-paid employee | 40 | $134,142 | $22,370 |
| DANIEL SCALLY 3000 S ROBERTSON BLVD, LOS ANGELES, CA 90034 | DIRECTOR OF TECHNOLO Highest-paid employee | 40 | $127,648 | $20,349 |
| GARY KARLIN MICHELSON M D 11755 WILSHIRE BLVD SUITE 1400, LOS ANGELES, CA 90025 | DIRECTOR, PRESIDENT & CHAIR | 1 | $0 | $0 |
| DAVID COHEN 11755 WILSHIRE BLVD SUITE 1400, LOS ANGELES, CA 90025 | Secretary & Treasurer | 1 | $0 | $0 |
| ALYA MICHELSON 11755 WILSHIRE BLVD SUITE 1400, LOS ANGELES, CA 90025 | CO-CHAIR | 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
- DARICE BAILEY, CFO
- Phone
- (310) 806-9700
- Return prepared by
- HOLTHOUSE CARLIN & VAN TRIGT LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 87-2298894 or by the name MICHELSON PHILANTHROPIES 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
- 87-2298894
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T23)
- Assets (IRS master file)
- $4,037,394
- Income (IRS master file)
- $8,224,722
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $8,224,722 | $7,027,220 | $4,037,394 | IRS |
| 990-PF | December 2023 | $6,599,415 | $6,653,199 | $2,983,715 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 87-2298894).
Questions about MICHELSON PHILANTHROPIES INC
- What is the EIN of MICHELSON PHILANTHROPIES INC?
- The employer identification number (EIN) of MICHELSON PHILANTHROPIES INC is 87-2298894.
- Is MICHELSON PHILANTHROPIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MICHELSON PHILANTHROPIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does MICHELSON PHILANTHROPIES INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MICHELSON PHILANTHROPIES 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 PHILANTHROPIES 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 PHILANTHROPIES INC?
- The 990-PF for the year ended December 31, 2024 lists 12 people; 9 received compensation from the organization, the highest $276,160 (GEOFFREY BAUM, Executive Director).
- How much revenue does MICHELSON PHILANTHROPIES INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $8,224,722, expenses of $7,027,220 and total assets of $4,037,394 at year end.
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