Overview
What is Michels Scholarship Fund Inc?
Michels Scholarship Fund Inc is a charitable organization established by the Michels family to support the educational pursuits of their employees and their offspring. Funded by donations from Michels Corporation's workforce, this nonprofit awards scholarships to students pursuing university degrees and those participating in trade and technical programs. In the year ending December 31, 2022, the fund granted 17 scholarships. The mission of Michels Scholarship Fund Inc is to provide post-secondary educational opportunities to the employees and children of Michels Corporation, its subsidiaries, and affiliates.
Is Michels Scholarship Fund Inc legitimate?
Michels Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michels Scholarship Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Michels Scholarship Fund Inc?
The Michels Scholarship Fund Inc's mission is centered around providing educational scholarships. This fund is specifically geared towards employees and their children of Michels Corporation, its subsidiaries, and affiliates. The primary objective of the fund is to aid individuals in pursuing post-secondary education, including university degrees and trade and technical programs. The scholarship fund was established by the Michels family, with donations coming from the company's employees. Annually, the fund awards scholarships to deserving students, as demonstrated by the 17 scholarships given out in the year ending December 31, 2022.
Who is the CEO of Michels Scholarship Fund Inc?
Marysue C Michels is the Pres/Treas/Dir of Michels Scholarship Fund Inc.
What is the revenue of Michels Scholarship Fund Inc?
Michels Scholarship Fund Inc's revenue in 2022 was $90,487.
Who are the executives of Michels Scholarship Fund Inc and what are their salaries?
There 25 volunteers at Michels Scholarship Fund Inc.
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Michels Scholarship Fund Inc?
Michels Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Michels Scholarship Fund Inc
Michels Scholarship Fund Inc, established by the Michels family, has a mission to provide educational scholarships. This nonprofit organization targets employees of Michels Corporation, its subsidiaries, and affiliates, as well as their children. The fund's objective is to aid these individuals in pursuing post-secondary education, whether that be through university degrees or trade and technical programs. Funds for these scholarships are sourced from donations made by Michels Corporation employees themselves. In the year ending December 31, 2022, the Michels Scholarship Fund Inc awarded 17 scholarships to eligible students.
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Impact
October, 2024
The Michels Scholarship Fund Inc significantly enhances educational opportunities for employees and their children by offering scholarships for post-secondary education. This initiative empowers individuals within the Michels Corporation family to pursue their academic goals, fostering personal and professional growth. The Fund was established by the Michels family, reflecting a commitment to supporting their workforce's educational aspirations. Financial donations from employees help sustain this initiative, ensuring that deserving candidates receive the assistance they need to advance their studies. By investing in the education of its members, the Michels Scholarship Fund strengthens both the community and the workforce, creating a positive ripple effect that can lead to enhanced career prospects and enriched lives.
This information is meant to be a general summary of Michels Scholarship Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$9,444
- Gross Receipts: $305,825
Assets and Liabilities:
- Total Assets: $234,325
- Total Liabilities: $0
- Net Assets: $234,325
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Organization Details
Founding Year
2009
Phone
(920) 583-3132Principal Officer
Marysue C Michels
Main Address
PO BOX 128, BROWNSVILLE, WI, 53006
NTEE Category
Code: B82 - Education
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