Civic Intelligence

Michels Corporation Scholarship Fund Inc.

990 • Fiscal year 2022 • EIN 27-0593904

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 19, 2023

Organization ProfileN/A
PO Box 128Brownsville, WI 53006

(920) 583-3132

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

66th percentile

16%

Higher net margin than 66% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

58th percentile

6.6%

Faster asset growth than 58% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

39th percentile

-1.5%

Faster revenue growth than 39% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$234,325

Up $14,528 (+6.6%) from 2021

Net Assets

Up

$234,325

Up $14,528 (+6.6%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin66th percentile

Revenue

Down

$90,487

Down $1,348 (-1.5%) from 2021

Expenses

Up

$75,959

Up $10,843 (+17%) from 2021

Net Income

Down

$14,528

Down $12,191 (-46%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

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

$400K$300K$200K$100K$0Assets 2016: $85,796Liabilities 2016: $0Net Assets 2016: $85,7962016Assets 2018: $120,202Liabilities 2018: $0Net Assets 2018: $120,2022018Assets 2019: $132,230Liabilities 2019: $0Net Assets 2019: $132,2302019Assets 2020: $192,878Liabilities 2020: $0Net Assets 2020: $192,8782020Assets 2021: $219,797Liabilities 2021: $0Net Assets 2021: $219,7972021Assets 2022: $234,325Liabilities 2022: $0Net Assets 2022: $234,3252022Assets 2023: $251,338Liabilities 2023: $2,000Net Assets 2023: $249,3382023Assets 2024: $336,375Liabilities 2024: $0Net Assets 2024: $336,3752024

Highlighted filing

2022

Assets$234,325
Liabilities$0
Net Assets$234,325
Open 2022 Filing

Operations Trend

Revenue Growth39th percentile

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

$200K$150K$100K$50K$0Revenue 2016: $31,773Expenses 2016: $25,020Net Income 2016: $6,7532016Revenue 2018: $76,975Expenses 2018: $48,314Net Income 2018: $28,6612018Revenue 2019: $56,899Expenses 2019: $44,871Net Income 2019: $12,0282019Revenue 2020: $116,404Expenses 2020: $55,756Net Income 2020: $60,6482020Revenue 2021: $91,835Expenses 2021: $65,116Net Income 2021: $26,7192021Revenue 2022: $90,487Expenses 2022: $75,959Net Income 2022: $14,5282022Revenue 2023: $111,475Expenses 2023: $96,462Net Income 2023: $15,0132023Revenue 2024: $197,372Expenses 2024: $110,335Net Income 2024: $87,0372024

Highlighted filing

2022

Revenue$90,487
Expenses$75,959
Net Income$14,528
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 19, 2023
Return Version
2022v5.0
Gross Receipts
$305,825
Mission and Program Overview

Mission

The mission of the organization is to provide scholarships for post-secondary education to employees and children of employees of michels corporation, its subsidiaries and affiliates.

To provide educational scholarships to employees (and children) of michels (see schedule o) corporation, its subsidiaries and affiliates.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$219,797$234,325▲ $14,528
Investments in Publicly Traded Securities$0$113,381▲ $113,381
Cash and Non-Interest-Bearing Accounts$209,509$108,852▼ $100,657
Savings and Temporary Cash Investments$10,288$12,092▲ $1,804
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$219,797$234,325▲ $14,528
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$219,797$234,325▲ $14,528
Total Liabilities and Net Assets / Fund Balance$219,797$234,325▲ $14,528
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Michelle M FinnDirector
Marysue C MichelsPres/treas/Director
Patrick D MichelsVice Pres/sec/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$95,696
Program Service Revenue
$0
Investment Income
$-9,444
Other Revenue
$4,235
All Other Contributions
$26,843
Change in Net Assets
$14,528

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table343$66,028Fair Market Value (FMV)
Other Non Cash Contri Table1,000$15,616Fair Market Value (FMV)
Other Non Cash Contri Table132$1,402Fair Market Value (FMV)
Total Noncash Contributions1,475$83,046-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$70,500
Other Expenses$5,459
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$70,500--$70,500
Fees for Services Accounting-$4,992-$4,992
Fees for Service Investment Mgmnt Fees-$371-$371
Office Expenses-$96-$96
Total Functional Expenses$70,500$5,459$0$75,959
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$68,783
Fundraising Gross Income$66,028
Gaming Gross Income$22,856
Gaming Direct Expenses$8,928
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Silent Auction$134,881$66,028$2,755$63,273
Total Events$134,881$66,028$68,783$-2,755
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
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

“Family and business relationship all of the directors reported in part vii have a family and business relationship with one another.”

Form 990, Part VI, Section A, Line 6

“Members or stockholders the fund shall have one or more classes of non-voting members, the respective rights, qualifications and privileges of which are determined by the board of directors.”

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

“Form 990 review process the fund works in conjunction with a nationally renowned accounting firm to prepare its form 990 return. Once a final draft is available, it is submitted to the full board for review prior to filing.”

Form 990, Part VI, Section B, Line 12

“Conflict of interest policy the fund has no compensated employees; all individuals providing services to the fund do so on a volunteer basis (including those members of the board of directors). The fund doesn't actively monitor conflicts of interest, but it is not anticipated that the fund will contract with any vendors by which a conflict could potentially arise. As noted in response to part vi, line, the board members do have business and family relationships, but those relationships do not impact the volunteer work they perform for the fund.”

Form 990, Part VI, Section C, Line 19

“How documents are made available to the public the organization makes its governing documents, conflict of interest policy, and financial data available upon request. Form 990, part vii, section a: compensation of officers, directors, key and highest compensated employees all of the fund's officers and board members are volunteers who are not paid for their board service; accordingly, under the volunteer exception, the fund is not required to report compensation paid by michels corporation, a related organization.”

Filing and Contact Details

Filer

Filer Name
Michels Scholarship Fund Inc
EIN
27-0593904
Phone
9205833132
Address
PO BOX 128, BROWNSVILLE, WI 53006

Signing Officer

Name
Patrick D Michels
Title
Vice Pres/sec/Director
Phone
9205833132
Signed
2023-10-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marysue C Michels
Formed
2009
Legal Domicile
Wi
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
25

Preparer

Firm
Grant Thornton Llp
Address
757 THIRD AVENUE 3RD FLOOR, NEW YORK, NY 10017-2013
Preparer
Scott Thompsett
Phone
2125990100
Raw XML AppendixShowing 400 of 440 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO EMPLOYEES (AND CHILDREN) OF MICHELS (SEE SCHEDULE O) CORPORATION, ITS SUBSIDIARIES AND AFFILIATES.
IRS990/AllOtherContributionsAmt026843
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JILL LARONGE
IRS990/BooksInCareOfDetail/PhoneNum09205833132
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 128
IRS990/BooksInCareOfDetail/USAddress/CityNm0BROWNSVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053006
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0209509
IRS990/CashNonInterestBearingGrp/EOYAmt0108852
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt068853
IRS990/CostOfGoodsSoldAmt016116
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt095696
IRS990/CYGrantsAndSimilarPaidAmt070500
IRS990/CYInvestmentIncomeAmt0-9444
IRS990/CYOtherExpensesAmt05459
IRS990/CYOtherRevenueAmt04235
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt014528
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt075959
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt090487
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE SCHOLARSHIP FUND WAS ESTABLISHED BY THE MICHELS FAMILY TO HELP EMPLOYEES, THEIR SPOUSES AND THEIR CHILDREN PURSUE CONTINUING EDUCATION. FUNDED BY DONATIONS FROM MICHELS EMPLOYEES, THE SCHOLARSHIP FUND AWARDS SCHOLARSHIPS TO STUDENTS PURSUING UNIVERSITY DEGREES AS WELL AS THOSE PARTICIPATING IN TRADE AND TECHNICAL PROGRAMS. THE FUND AWARDED 17 SCHOLARSHIPS IN THE CALENDAR YEAR ENDING DECEMBER 31, 2022.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt070500
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt04992
IRS990/FeesForServicesAccountingGrp/TotalAmt04992
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0371
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0371
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0MARYSUE C MICHELS
IRS990/Form990PartVIISectionAGrp/PersonNm1PATRICK D MICHELS
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHELLE M FINN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRES/TREAS/DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRES/SEC/DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt068853
IRS990/FundraisingDirectExpensesAmt068783
IRS990/FundraisingGrossIncomeAmt066028
IRS990/GainOrLossGrp/SecuritiesAmt0-13259
IRS990/GamingActivitiesInd01
IRS990/GamingDirectExpensesAmt08928
IRS990/GamingGrossIncomeAmt022856
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt070500
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt070500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt070500
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0108252
IRS990/GrossReceiptsAmt0305825
IRS990/GrossSalesOfInventoryAmt09178
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt03815
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03815
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0113381
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0WI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0121511
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FUND'S MISSION IS TO PROVIDE SCHOLARSHIPS FOR POST-SECONDARY EDUCATION TO EMPLOYEES AND CHILDREN OF EMPLOYEES OF MICHELS CORPORATION, ITS SUBSIDIARIES AND AFFILIATES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0219797
IRS990/NetAssetsOrFundBalancesEOYAmt0234325
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-13259
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-13259
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-2755
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-2755
IRS990/NetIncomeFromGamingGrp/ExclusionAmt013928
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt013928
IRS990/NetIncomeOrLossGrp/ExclusionAmt0-6938
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-6938
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt083046
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt096
IRS990/OfficeExpensesGrp/TotalAmt096
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MARYSUE C MICHELS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt080251
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt063000
IRS990/PYInvestmentIncomeAmt04
IRS990/PYOtherExpensesAmt02116
IRS990/PYOtherRevenueAmt011580
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt026719
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt065116
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt091835
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt014528
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0219797
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0234325
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010288
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012092
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt095696
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt080251
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0106062
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt048293
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt070810
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0401112
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03815
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt029
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0434
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt036
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04318
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.54580
IRS990ScheduleA/PublicSupportPY170Pct00.55130
IRS990ScheduleA/PublicSupportTotal170Amt0254028
IRS990ScheduleA/SubstantialContributorsTotAmt0147084
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt095696
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt080251
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0106062
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt048293
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt070810
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0401112
IRS990ScheduleA/TotalSupportAmt0465388
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt04235
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt014911
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt013506
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt012015
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt015291
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt059958
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/CharitableDistributionRqrInd00
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt068853
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt068853
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt068783
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SILENT AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0134881
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0134881
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt066028
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt066028
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-2755
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt066028
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt066028
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02755
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02755
IRS990ScheduleG/GamingInformationGrp/CashPrizesOtherGamingAmt07500
IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt07500
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt08928
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt022856
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt022856
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt013928
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesOtherGamingAmt01402
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesTotalGamingAmt01402
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssOtherGamingAmt026
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt026
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd00
IRS990ScheduleG/GamingOtherFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd01
IRS990ScheduleG/LicensedInd01
IRS990ScheduleG/LicenseSuspendedEtcInd00
IRS990ScheduleG/MemberOfOtherEntityInd00
IRS990ScheduleG/PersonsWithBooksName/BusinessNameLine1Txt0JILL LARONGE
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0PO BOX 128
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0BROWNSVILLE
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0WI
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd053006
IRS990ScheduleG/StatesWhereGamingConductedCd0WI
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0GAMING CONDUCTED AT OUTSIDE FACILITY THE FUND CONDUCTS ALL OF ITS GAMING ACTIVITIES ON A RELATED ORGANIZATION'S PREMISES.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE G, PART III, LINE 13B:
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt070500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt017
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE THE U.S. THE FUND OFFERS SCHOLARSHIPS FOR POST-SECONDARY EDUCATION TO EMPLOYEES, AND CHILDREN OF EMPLOYEES OF MICHELS CORPORATION, ITS SUBSIDIARIES AND AFFILIATES. SCHOLARSHIP RECIPIENTS MUST COMPLETE A FORMAL APPLICATION TO OBTAIN AN AWARD. NO FURTHER MONITORING OF THE GRANTS IS REQUIRED BECAUSE THE FUND DISBURSES THE GRANT AWARDS DIRECTLY TO THE EDUCATIONAL INSTITUTION AND THE RECIPIENT HAS NO OPPORTUNITY TO DIVERT THE FUNDS TO A PERSONAL USE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt0343
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11000
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt2132
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0AUCTION ITEMS
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1SALE ITEMS
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2RAFFLE ITEMS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd2X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt066028
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt115616
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt21402
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0METHOD USED THE ORGANIZATION USES THE NUMBER OF CONTRIBUTIONS AS THE METHOD FOR DETERMINING THE AMOUNT IN COLUMN (B).
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FAMILY AND BUSINESS RELATIONSHIP ALL OF THE DIRECTORS REPORTED IN PART VII HAVE A FAMILY AND BUSINESS RELATIONSHIP WITH ONE ANOTHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OR STOCKHOLDERS THE FUND SHALL HAVE ONE OR MORE CLASSES OF NON-VOTING MEMBERS, THE RESPECTIVE RIGHTS, QUALIFICATIONS AND PRIVILEGES OF WHICH ARE DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 REVIEW PROCESS THE FUND WORKS IN CONJUNCTION WITH A NATIONALLY RENOWNED ACCOUNTING FIRM TO PREPARE ITS FORM 990 RETURN. ONCE A FINAL DRAFT IS AVAILABLE, IT IS SUBMITTED TO THE FULL BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST POLICY THE FUND HAS NO COMPENSATED EMPLOYEES; ALL INDIVIDUALS PROVIDING SERVICES TO THE FUND DO SO ON A VOLUNTEER BASIS (INCLUDING THOSE MEMBERS OF THE BOARD OF DIRECTORS). THE FUND DOESN'T ACTIVELY MONITOR CONFLICTS OF INTEREST, BUT IT IS NOT ANTICIPATED THAT THE FUND WILL CONTRACT WITH ANY VENDORS BY WHICH A CONFLICT COULD POTENTIALLY ARISE. AS NOTED IN RESPONSE TO PART VI, LINE, THE BOARD MEMBERS DO HAVE BUSINESS AND FAMILY RELATIONSHIPS, BUT THOSE RELATIONSHIPS DO NOT IMPACT THE VOLUNTEER WORK THEY PERFORM FOR THE FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL DATA AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A: COMPENSATION OF OFFICERS, DIRECTORS, KEY AND HIGHEST COMPENSATED EMPLOYEES ALL OF THE FUND'S OFFICERS AND BOARD MEMBERS ARE VOLUNTEERS WHO ARE NOT PAID FOR THEIR BOARD SERVICE; ACCORDINGLY, UNDER THE VOLUNTEER EXCEPTION, THE FUND IS NOT REQUIRED TO REPORT COMPENSATION PAID BY MICHELS CORPORATION, A RELATED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0272219547
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0S
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0HOLDING COMPANY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0M10 INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0PO BOX 128
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0BROWNSVILLE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd053006
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PATRICK & MARYSUE MICHELS FAMILY FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0854224305
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0GRANTMAKING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0PF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 128
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BROWNSVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd053006
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0219797
IRS990/TotalAssetsEOYAmt0234325
IRS990/TotalAssetsGrp/BOYAmt0219797
IRS990/TotalAssetsGrp/EOYAmt0234325
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt095696
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05459
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt070500
IRS990/TotalFunctionalExpensesGrp/TotalAmt075959
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0219797
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0234325
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt070500
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-5209
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt090487
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0219797
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0234325
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 128

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$234,325
Liabilities
$0
Net assets
$234,325
Revenue
$90,487
Expenses
$75,959
Net income
$14,528
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$0.00$3.36$1.97$1.10$0.87
2023Detailed filing. Detailed filing data is available for this year.$2.51$0.02$2.49$1.11$0.96$0.15
2022Detailed filing. Detailed filing data is available for this year.$2.34$0.00$2.34$0.90$0.76$0.15
2021Detailed filing. Detailed filing data is available for this year.$2.20$0.00$2.20$0.92$0.65$0.27
2020Detailed filing. Detailed filing data is available for this year.$1.93$0.00$1.93$1.16$0.56$0.61
2019Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.32$0.57$0.45$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.77$0.48$0.29
2016Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$0.32$0.25$0.07