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Michael's Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 832639084 ✦ Groveland, FL ✦ Designated as a 501(c)(3)

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Overview

What is Michael's Foundation Inc?

Michael's Foundation Inc, located in Groveland, Florida (645 Conservation Blvd), is a dedicated nonprofit organization with a mission to engage and empower veterans. Their primary focus is to serve as a resource center, providing free guidance on veterans' benefits, hosting seasonal events, and organizing weekly programs aimed at promoting veteran wellbeing. With a small team of four individuals, Michael's Foundation Inc strives to create a supportive environment for veterans, ensuring they have access to the help they need to thrive.


Official website here: www.michaels-foundation.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement - Two-Star out of Four Star rating

Michael's Foundation Inc has received a two-star rating from Charity Navigator, indicating that it needs improvement in various operational aspects. Its overall score stands at 62%, primarily driven by a solid program expense ratio of 76.70%, suggesting a significant portion of its funds is dedicated to its charitable programs. Additionally, the organization has a clean record regarding material asset diversion, which reflects positively on its integrity.

However, several weaknesses have been identified. The organization lacks key governance policies, including a conflict of interest policy and a whistleblower policy, both of which are crucial for maintaining transparency and accountability. Furthermore, the absence of financial statements and the failure to post its tax forms on its website raise concerns regarding its financial transparency.

Board governance is another area of concern, with only two independent members out of a required number, and a missing independent board size score. While the foundation has a majority of independent board members, the overall lack of independent oversight and missing documentation could hinder its credibility and effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Michael's Foundation Inc legitimate?

Michael's Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michael's Foundation 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: $214,761

For more financial information, click here


Official website here: www.michaels-foundation.org

What is the mission statement of Michael's Foundation Inc?

Michael's Foundation Inc is dedicated to engaging and empowering veterans. Their mission is to serve as a resource, offering free guidance on veteran benefits, hosting seasonal events, and organizing weekly programs aimed at promoting the wellbeing of veterans. The foundation aims to be a go-to destination for veterans, providing them with the necessary support and opportunities for personal growth. Their activities focus on advancing the wellbeing of veterans, ensuring they have access to the resources they need to thrive.


Official website here: www.michaels-foundation.org

Who is the CEO of Michael's Foundation Inc?

Kristine Titus is the President of Michael's Foundation Inc.


Official website here: www.michaels-foundation.org

What is the revenue of Michael's Foundation Inc?

Michael's Foundation Inc's revenue in 2022 was $670,939.


Official website here: www.michaels-foundation.org

Who are the executives of Michael's Foundation Inc and what are their salaries?

The average compensation at Michael's Foundation Inc during 2022 was $53,690. There are 4 employees at Michael's Foundation Inc.


Here are 3 key members and their salaries:


Kristine Titus (President)
  • Compensation: $91,731
  • Related: $0
  • Other: $0
Mark Miller (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Titus (Sec/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.michaels-foundation.org

Where can I find the form 990 for Michael's Foundation Inc?

Michael's Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.michaels-foundation.org

Learn more at the official website: www.michaels-foundation.org

Mission Statement of Michael's Foundation Inc

Michael's Foundation Inc is committed to engaging and empowering veterans. Their mission is to serve as a hub, offering free guidance on veteran benefits, as well as hosting seasonal events and weekly programs aimed at promoting veteran wellbeing. By providing this comprehensive support, Michael's Foundation Inc aims to be the go-to destination for veterans in need. Their initiatives aim to uplift and support veterans, helping them navigate the complexities of veteran benefits and improving their overall wellbeing.

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Impact




July, 2024

Michael's Foundation Inc has a significant impact on veterans by providing free benefit guidance, seasonal events, and weekly programs to promote their well-being. Their mission is to engage and empower veterans, making them the go-to destination for veteran support and resources. Located in Groveland, FL, Michael's Foundation Inc plays a crucial role in supporting and enhancing the lives of those who have served our country.




This information is meant to be a general summary of Michael's Foundation 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.

Revenue
$670,939 (2022)
Expenses
$633,669 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $670,939

Assets and Liabilities:

  • Total Assets: $232,238
  • Total Liabilities: $0
  • Net Assets: $232,238

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Organization Details

Founding Year

2019

Principal Officer

Kristine Titus

Main Address

645 CONSERVATION BLVD, GROVELAND, FL, 34736

NTEE Category

Code: P50 - Human services

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