Civic Intelligence

Mikeroweworks Foundation

990 • Fiscal year 2022 • EIN 26-4324338

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

10960 Wilshire Blvd 5th FloorLos Angeles, CA 90024-3708

(310) 277-4657

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.02x

Higher debt load relative to revenue than 17% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

89th percentile

50%

Higher net margin than 89% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

85th percentile

33%

Faster asset growth than 85% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

66th percentile

16%

Faster revenue growth than 66% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$8,932,184

Up $2,203,539 (+33%) from 2021

Net Assets

Up

$8,839,610

Up $2,119,816 (+32%) from 2021

Liabilities

Up

$92,574

Up $83,723 (+946%) from 2021

Revenue

Up

$4,366,644

Up $615,113 (+16%) from 2021

Expenses

Up

$2,164,878

Up $783,903 (+57%) from 2021

Net Income

Down

$2,201,766

Down $168,790 (-7.1%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $4,320Liabilities 2010: $0Net Assets 2010: $4,3202010Assets 2011: $699,967Liabilities 2011: $0Net Assets 2011: $699,9672011Assets 2012: $549,789Liabilities 2012: $137,746Net Assets 2012: $412,0432012Assets 2013: $776,293Liabilities 2013: $310Net Assets 2013: $775,9832013Assets 2014: $785,991Liabilities 2014: $1,199Net Assets 2014: $784,7922014Assets 2015: $556,793Liabilities 2015: $10,720Net Assets 2015: $546,0732015Assets 2016: $991,610Liabilities 2016: $528Net Assets 2016: $991,0822016Assets 2017: $1,522,298Liabilities 2017: $486Net Assets 2017: $1,521,8122017Assets 2018: $2,188,403Liabilities 2018: $3,175Net Assets 2018: $2,185,2282018Assets 2019: $2,634,128Liabilities 2019: $15,710Net Assets 2019: $2,618,4182019Assets 2020: $4,354,198Liabilities 2020: $8,941Net Assets 2020: $4,345,2572020Assets 2021: $6,728,645Liabilities 2021: $8,851Net Assets 2021: $6,719,7942021Assets 2022: $8,932,184Liabilities 2022: $92,574Net Assets 2022: $8,839,6102022Assets 2023: $11,019,492Liabilities 2023: $45,936Net Assets 2023: $10,973,5562023Assets 2024: $13,351,375Liabilities 2024: $13,708Net Assets 2024: $13,337,6672024

Highlighted filing

2022

Assets$8,932,184
Liabilities$92,574
Net Assets$8,839,610

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $12,0202010Expenses 2011: $72,0002011Expenses 2012: $513,6282012Revenue 2013: $895,002Expenses 2013: $531,062Net Income 2013: $363,9402013Revenue 2014: $895,225Expenses 2014: $886,416Net Income 2014: $8,8092014Revenue 2015: $663,898Expenses 2015: $902,617Net Income 2015: -$238,7192015Revenue 2016: $1,226,534Expenses 2016: $781,525Net Income 2016: $445,0092016Revenue 2017: $1,785,576Expenses 2017: $1,254,846Net Income 2017: $530,7302017Revenue 2018: $1,640,167Expenses 2018: $976,751Net Income 2018: $663,4162018Revenue 2019: $1,573,263Expenses 2019: $1,140,073Net Income 2019: $433,1902019Revenue 2020: $3,240,613Expenses 2020: $1,529,242Net Income 2020: $1,711,3712020Revenue 2021: $3,751,531Expenses 2021: $1,380,975Net Income 2021: $2,370,5562021Revenue 2022: $4,366,644Expenses 2022: $2,164,878Net Income 2022: $2,201,7662022Revenue 2023: $4,321,357Expenses 2023: $2,200,225Net Income 2023: $2,121,1322023Revenue 2024: $5,860,275Expenses 2024: $3,270,173Net Income 2024: $2,590,1022024

Highlighted filing

2022

Revenue$4,366,644
Expenses$2,164,878
Net Income$2,201,766
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$8,245,841
Mission and Program Overview

Mission

To debunk myths and misperceptions about the skilled trades and close the skills gap.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$6,719,794$8,839,610▲ $2,119,816
Savings and Temporary Cash Investments$1,674,219$6,558,112▲ $4,883,893
Investments in Publicly Traded Securities$2,534,153--
Cash and Non-Interest-Bearing Accounts$2,066,582$1,933,554▼ $133,028
Accounts Receivable$438,087$341,921▼ $96,166
Intangible Assets$4,453$87,330▲ $82,877
Prepaid Expenses and Deferred Charges$4,037$4,153▲ $116
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$6,728,645$8,932,184▲ $2,203,539
Other Assets Total$7,114$7,114→ $0
Liabilities
Accounts Payable and Accrued Expenses$8,851$92,574▲ $83,723
Total Liabilities$8,851$92,574▲ $83,723
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,719,794$8,839,610▲ $2,119,816
Total Liabilities and Net Assets / Fund Balance$6,728,645$8,932,184▲ $2,203,539
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mary SullivanPresident and COO
Kimberly EstradaVice President and Secreta
Charles L KlausmeyerBoard Member
Denise LongarzoBoard Member
Helen WongBoard Member
Michael DeganBoard Member
Michael G RoweCEO and CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$4,240,128
Program Service Revenue
$0
Investment Income
$88,911
Other Revenue
$37,605
All Other Contributions
$4,240,128
Change in Net Assets
$2,201,766
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,831,173
Other Expenses$225,376
Salaries, Compensation, and Employee Benefits$108,329
Total Fundraising Expense$79,649
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,831,173--$1,831,173
Other Salaries and Wages$19,731$39,463$39,463$98,657
Fees for Services Accounting-$75,030-$75,030
Occupancy$37,088$14,896-$51,984
Fees for Services Other$4,500$20,394$24,328$49,222
Office Expenses$4,041$8,899-$12,940
Payroll Taxes$1,934$3,869$3,869$9,672
Travel$8,594--$8,594
Information Technology-$6,133-$6,133
Fees for Services Legal-$4,056-$4,056
Depreciation Depletion$3,309--$3,309
Other Expenses$1,025$615$3,620$615
Total Functional Expenses$1,911,395$173,834$79,649$2,164,878
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Education Assistance Foundation IncNashville, TN501(c)(3)Scholarship Grant$1,482,306
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$26,113
Fundraising Direct Expenses$6,817
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Internet Auction$26,113$26,113$6,817$19,296
Total Events$26,113$26,113$6,817$19,296
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Mary sullivan is engaged by mr. Rowe's companies as his president and in-house counsel and is paid a customary salary by mr. Rowe's companies for such services.

Form 990, Part VI, Section B, Line 11B

A copy of form 990 was distributed to the governing board for review prior to the filing of the return.

Form 990, Part VI, Section C, Line 19

The organization does not make its governing documents, conflict of interest policy, and financials statements available to the public.

Filing and Contact Details

Filer

Filer Name
Mikeroweworks Foundation
EIN
26-4324338
Phone
3102774657
Address
10960 WILSHIRE BLVD 5TH FLOOR, LOS ANGELES, CA 90024-3708

Signing Officer

Name
Kimberly Estrada
Title
Vice President and Secretary
Phone
3102774657
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael G Rowe
Formed
2008
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
3
Employees
12
Volunteers
0

Preparer

Firm
Nksfb LLC Dba - Focus Operating LLC
Address
10960 WILSHIRE BLVD 5TH FLOOR, LOS ANGELES, CA 90024
Preparer
Laura Dimaggio
Phone
3102774657
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

At the mikeroweworks foundation, we're on a mission to challenge the stigmas and stereotypes about the skilled trades and help close the skills gap. We're redefining the definition of a good education and a good job, because we don't believe that a four-year degree is the best path for the most people. We want people to understand the impact of skilled labor on their lives, and we're convinced that the solution starts with a new appreciation for hard work. This year we spent time building upon our own programs, the work ethic scholarship program and the work ethic curriculum. Since 2014, we have provided financial assistance to the next generation of skilled workers through our annual work ethic scholarship program. For the second year in a row, we provided nearly $1 million in work ethic scholarships that supported 134 students pursuing 17 skilled trade programs in 38 states across the country. The scholarships ranged from $1,800 to $20,000 per recipient, and each recipient received a pair of wolverine boots donated directly to these students as part of wolverine's project bootstrap. We also helped facilitate the granting of an additional $40,000 through direct tuition credits for work ethic scholarship recipients attending universal technical institute. Through our promotion of this program this year, we shared stories of former recipients and fun facts about the trades that garnered nearly 13 million social media impressions. In 2021, we also spent a significant amount of time further developing our work ethic curriculum based on the s.w.e.a.t. Pledge that aims to give students the employability skills they need to be successful in their jobs long term. We expanded the curriculum for both high schools and colleges implementation and created both hybrid and in-person formats. With the help of wsu tech, we trained instructors at 22 new colleges and high schools and developed the mrw toolbox to create awareness of the program on school campuses and help support instructor implementation. We issued approximately 1,500 certifications in 2021 to students who embodied the core principles of the s.w.e.a.t. Pledgework ethic, personal responsibility, delayed gratification, and a positive attitude. In addition to public support raised through donations and campaigns in support of our initiatives, we generated additional revenue through the licensing arrangement with bfive40, in which 100% of the net proceeds benefitted our foundation. We also continued to sell books, posters, and other merchandise on our ebay store, encourage employers to match funds donated by its employees; and we participated in charity support networks, including amazonsmile, ebay for charity, and the paypal giving fund to raise funds to support our mission.

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IRS990/OtherExpensesGrp/Desc3TAXES & LICENSES
IRS990/OtherExpensesGrp/FundraisingAmt08369
IRS990/OtherExpensesGrp/FundraisingAmt13620
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0479
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1615
IRS990/OtherExpensesGrp/ProgramServicesAmt01025
IRS990/OtherExpensesGrp/TotalAmt08369
IRS990/OtherExpensesGrp/TotalAmt14099
IRS990/OtherExpensesGrp/TotalAmt21025
IRS990/OtherExpensesGrp/TotalAmt3615
IRS990/OtherRevenueMiscGrp/BusinessCd0541900
IRS990/OtherRevenueMiscGrp/Desc0LICENSING FEE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt012004
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012004
IRS990/OtherRevenueTotalAmt012004
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt039463
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt039463
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt019731
IRS990/OtherSalariesAndWagesGrp/TotalAmt098657
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03869
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03869
IRS990/PayrollTaxesGrp/ProgramServicesAmt01934
IRS990/PayrollTaxesGrp/TotalAmt09672
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04037
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04153
IRS990/PrincipalOfficerNm0MICHAEL G ROWE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0WE FIRST STARTED TO DEVELOP A WORK ETHIC CURRICULUM IN 2019 THAT WE PILOTED AT A HANDFUL OF COLLEGES IN 2020. THE WORK ETHIC CURRICULUM FOCUSES ON THE 12 STATEMENTS OF THE S.W.E.A.T. PLEDGE. EACH STATEMENT HAS A STORY, AND EACH STORY COMES FROM MIKE ROWE'S PERSONAL EXPERIENCE WORKING WITH ENTREPRENEURS AND HARDWORKING PEOPLE ACROSS THE COUNTRY. EACH LESSON BREAKS DOWN THE ORIGIN OF EACH STATEMENT IN 12 LESSONS AND EXPLORES WHY WE BELIEVE EVERY STUDENT AND WORKER CAN BENEFIT FROM EMBRACING THIS PLEDGE, REGARDLESS OF THEIR JOB OR SKILLSET. THIS YEAR, WE SPENT A LOT OF TIME REVISING THE EXISTING CURRICULUM AS WELL AS EXPANDING IT TO INCLUDE A SECONDARY VERSION AS WELL AS HYBRID AND IN-PERSON FORMATS FOR BOTH SECONDARY AND POST-SECONDARY EDUCATION. SINCE THE INCEPTION OF THE CURRICULUM, WE'VE ISSUED MORE THAN 2,500 WORK ETHIC CERTIFICATIONS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0183000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0183000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE FOUNDATION CONTINUALLY EXPANDS AND MAINTAINS ITS WEBSITE WHICH SERVES AS THE MARKETING AND COMMUNICATION VEHICLE FOR THE FOUNDATION AND IS CRITICAL IN NOT ONLY BRINGING ATTENTION TO THE SKILLS GAP PROBLEM BUT ALSO IN CONTINUING ITS FUNDRAISING EFFORTS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0246089
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt0165867
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03659583
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01120454
IRS990/PYInvestmentIncomeAmt013418
IRS990/PYOtherExpensesAmt0175748
IRS990/PYOtherRevenueAmt078530
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02370556
IRS990/PYSalariesCompEmpBnftPaidAmt084773
IRS990/PYTotalExpensesAmt01380975
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03751531
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02201766
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06719794
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt08839610
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01674219
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06558112
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04169134
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03652636
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02824619
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01503243
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01560194
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt013709826
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0280695
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89030
IRS990ScheduleA/PublicSupportPY170Pct00.84080
IRS990ScheduleA/PublicSupportTotal170Amt012214776
IRS990ScheduleA/SubstantialContributorsTotAmt01495050
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04169134
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03652636
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02824619
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01503243
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01560194
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt013709826
IRS990ScheduleA/TotalSupportAmt013719886
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt06306
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt02996
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt051
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt0211
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt0496
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt010060
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt06817
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0INTERNET AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt026113
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt026113
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt026113
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt026113
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt019296
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt06817
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt06817
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt01482306
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIP GRANT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AMERICAN EDUCATION ASSISTANCE FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0061688758
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01321 MURFRESSBORO PIKE STE 800
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NASHVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd037217
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AT THE MIKEROWEWORKS FOUNDATION, WE'RE ON A MISSION TO CHALLENGE THE STIGMAS AND STEREOTYPES ABOUT THE SKILLED TRADES AND HELP CLOSE THE SKILLS GAP. WE'RE REDEFINING THE DEFINITION OF A GOOD EDUCATION AND A GOOD JOB, BECAUSE WE DON'T BELIEVE THAT A FOUR-YEAR DEGREE IS THE BEST PATH FOR THE MOST PEOPLE. WE WANT PEOPLE TO UNDERSTAND THE IMPACT OF SKILLED LABOR ON THEIR LIVES, AND WE'RE CONVINCED THAT THE SOLUTION STARTS WITH A NEW APPRECIATION FOR HARD WORK. THIS YEAR WE SPENT TIME BUILDING UPON OUR OWN PROGRAMS, THE WORK ETHIC SCHOLARSHIP PROGRAM AND THE WORK ETHIC CURRICULUM. SINCE 2014, WE HAVE PROVIDED FINANCIAL ASSISTANCE TO THE NEXT GENERATION OF SKILLED WORKERS THROUGH OUR ANNUAL WORK ETHIC SCHOLARSHIP PROGRAM. FOR THE SECOND YEAR IN A ROW, WE PROVIDED NEARLY $1 MILLION IN WORK ETHIC SCHOLARSHIPS THAT SUPPORTED 134 STUDENTS PURSUING 17 SKILLED TRADE PROGRAMS IN 38 STATES ACROSS THE COUNTRY. THE SCHOLARSHIPS RANGED FROM $1,800 TO $20,000 PER RECIPIENT, AND EACH RECIPIENT RECEIVED A PAIR OF WOLVERINE BOOTS DONATED DIRECTLY TO THESE STUDENTS AS PART OF WOLVERINE'S PROJECT BOOTSTRAP. WE ALSO HELPED FACILITATE THE GRANTING OF AN ADDITIONAL $40,000 THROUGH DIRECT TUITION CREDITS FOR WORK ETHIC SCHOLARSHIP RECIPIENTS ATTENDING UNIVERSAL TECHNICAL INSTITUTE. THROUGH OUR PROMOTION OF THIS PROGRAM THIS YEAR, WE SHARED STORIES OF FORMER RECIPIENTS AND FUN FACTS ABOUT THE TRADES THAT GARNERED NEARLY 13 MILLION SOCIAL MEDIA IMPRESSIONS. IN 2021, WE ALSO SPENT A SIGNIFICANT AMOUNT OF TIME FURTHER DEVELOPING OUR WORK ETHIC CURRICULUM BASED ON THE S.W.E.A.T. PLEDGE THAT AIMS TO GIVE STUDENTS THE EMPLOYABILITY SKILLS THEY NEED TO BE SUCCESSFUL IN THEIR JOBS LONG TERM. WE EXPANDED THE CURRICULUM FOR BOTH HIGH SCHOOLS AND COLLEGES IMPLEMENTATION AND CREATED BOTH HYBRID AND IN-PERSON FORMATS. WITH THE HELP OF WSU TECH, WE TRAINED INSTRUCTORS AT 22 NEW COLLEGES AND HIGH SCHOOLS AND DEVELOPED THE MRW TOOLBOX TO CREATE AWARENESS OF THE PROGRAM ON SCHOOL CAMPUSES AND HELP SUPPORT INSTRUCTOR IMPLEMENTATION. WE ISSUED APPROXIMATELY 1,500 CERTIFICATIONS IN 2021 TO STUDENTS WHO EMBODIED THE CORE PRINCIPLES OF THE S.W.E.A.T. PLEDGEWORK ETHIC, PERSONAL RESPONSIBILITY, DELAYED GRATIFICATION, AND A POSITIVE ATTITUDE. IN ADDITION TO PUBLIC SUPPORT RAISED THROUGH DONATIONS AND CAMPAIGNS IN SUPPORT OF OUR INITIATIVES, WE GENERATED ADDITIONAL REVENUE THROUGH THE LICENSING ARRANGEMENT WITH BFIVE40, IN WHICH 100% OF THE NET PROCEEDS BENEFITTED OUR FOUNDATION. WE ALSO CONTINUED TO SELL BOOKS, POSTERS, AND OTHER MERCHANDISE ON OUR EBAY STORE, ENCOURAGE EMPLOYERS TO MATCH FUNDS DONATED BY ITS EMPLOYEES; AND WE PARTICIPATED IN CHARITY SUPPORT NETWORKS, INCLUDING AMAZONSMILE, EBAY FOR CHARITY, AND THE PAYPAL GIVING FUND TO RAISE FUNDS TO SUPPORT OUR MISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MARY SULLIVAN IS ENGAGED BY MR. ROWE'S COMPANIES AS HIS PRESIDENT AND IN-HOUSE COUNSEL AND IS PAID A CUSTOMARY SALARY BY MR. ROWE'S COMPANIES FOR SUCH SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF FORM 990 WAS DISTRIBUTED TO THE GOVERNING BOARD FOR REVIEW PRIOR TO THE FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIALS STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06728645
IRS990/TotalAssetsEOYAmt08932184
IRS990/TotalAssetsGrp/BOYAmt06728645
IRS990/TotalAssetsGrp/EOYAmt08932184
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04240128
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt079649
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0173834
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01911395
IRS990/TotalFunctionalExpensesGrp/TotalAmt02164878
IRS990/TotalGrossUBIAmt06305
IRS990/TotalLiabilitiesBOYAmt08851
IRS990/TotalLiabilitiesEOYAmt092574
IRS990/TotalLiabilitiesGrp/BOYAmt08851
IRS990/TotalLiabilitiesGrp/EOYAmt092574
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06719794
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08839610
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt0246089
IRS990/TotalOtherProgSrvcGrantAmt0165867
IRS990/TotalProgramServiceExpensesAmt01911395
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0108207
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012004
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04366644
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt06305
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06728645
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08932184
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt08594
IRS990/TravelGrp/TotalAmt08594
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010960 WILSHIRE BLVD 5TH FLOOR
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd0900243708
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt03

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$0.01$13.3$5.86$3.27$2.59
2023Detailed filing. Detailed filing data is available for this year.$11.0$0.05$11.0$4.32$2.20$2.12
2022Detailed filing. Detailed filing data is available for this year.$8.93$0.09$8.84$4.37$2.16$2.20
2021Detailed filing. Detailed filing data is available for this year.$6.73$0.01$6.72$3.75$1.38$2.37
2020Detailed filing. Detailed filing data is available for this year.$4.35$0.01$4.35$3.24$1.53$1.71
2019Detailed filing. Detailed filing data is available for this year.$2.63$0.02$2.62$1.57$1.14$0.43
2018Detailed filing. Detailed filing data is available for this year.$2.19$0.00$2.19$1.64$0.98$0.66
2017Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.52$1.79$1.25$0.53
2016Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$1.23$0.78$0.45
2015Detailed filing. Detailed filing data is available for this year.$0.56$0.01$0.55$0.66$0.90$0.24
2014Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.78$0.90$0.89$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$0.90$0.53$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.14$0.41$0.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.00$0.70$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.01