Mikeroweworks Foundation FY2019 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 2008Foundations & GrantmakersEIN 26-4324338

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

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2019 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $1.9M a year · 49% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
25 mo
of spending, in cash
Looks good: 24.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $75K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$16K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 7 voting members
Worth a look: 3 of 7 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
Spent
$1.1M
To programs
80%
Net assets
$2.6M
By yearFY2019–FY2024
Revenue
$1.6M
FY2019
Revenue by fiscal year
FY2019$1.6M
FY2020$3.2M
FY2021$3.8M
FY2022$4.4M
FY2023$4.3M
FY2024$5.9M
Expenses
$1.1M
FY2019
Expenses by fiscal year
FY2019$1.1M
FY2020$1.5M
FY2021$1.4M
FY2022$2.2M
FY2023$2.2M
FY2024$3.3M
Net assets
$2.6M
FY2019
Net assets by fiscal year
FY2019$2.6M
FY2020$4.3M
FY2021$6.7M
FY2022$8.8M
FY2023$11.0M
FY2024$13.3M

From the FY2019 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $914K Management & general 16% · $185K Fundraising 4% · $41K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
CEO and CFO
$0Pt VII · Sec A
President and COO
$0Pt VII · Sec A
Vice President and Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Mikeroweworks Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates people about skilled trades, correcting myths and helping fill the workforce gap.

Provided by the organization

This section is blank until Mikeroweworks Foundation claims this page.

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3 program services account for $824K of program spending, described in the organization's own filed words · FY2019.
01

For the sixth year in a row, we awarded nearly 200 recipients in 18 eligible skilled trade programs across 44 states through our annual work ethic scholarship program. This program is about recognizing the people who understand the importance of work ethic, personal responsibility, delayed gratification, and a positive attitude.

$724Kprogram expense
02

2019 is the ninth consecutive year that we have supported skills usa travel scholarships, and we helped provide 88 travel scholarships for skillsusa members nationwide who place first in their state competitions but face a financial challenge in competing in the world's largest showcase for career and technical education at the national…

$50Kprogram expense
03

We teamed up with build dakota scholarship to award finish strong scholarships to 10 second-year technical students across south dakota in an effort to help boost technical education in the state.

$50Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 4 funders →
Grants paid · 18 grants · $8.6M · 2019–2024
Tact Kids INCNY · FY2024$54,000
Cafe MomentumTX · FY2024$50,000
Stand Together FoundationVA · FY2020$125,000
Tact Kids INCNY · FY2020$10,000
The Lime FoundationCA · FY2020$10,000
Skillsusa Foundation INCVA · FY2019$50,000
Aid JoySC · FY2019$25,000
Mountain View CollegeFY2019$800

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.5M
Other incomeLn 4–11$35K
Investment incomeLn 3$32K
Money outPt IX
$1.1M
Ln 25
Programscol B$914K
Managementcol C$185K
Fundraisingcol D$41K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$2.6M
LiabilitiesLn 26$16K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Noncash giftsLn 1g$9K
Investment incomeLn 3$32K
Other incomeLn 4–11$35K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$777K
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$2.4M
InvestmentsLn 11–13$120K
Other assetsLn 15$7K
Total assetsLn 16$2.6M
LiabilitiesLn 26$16K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY19End FY19
Cash and savingsLn 1–2$2.0M$2.4M
InvestmentsLn 11–13$111K$120K
Total assetsLn 16$2.2M$2.6M
LiabilitiesLn 26$3K$16K
Net assetsLn 32$2.2M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$853K$853K
Other salaries and wagesLn 7$84K$17K$34K$34K
Payroll taxesLn 10$7K$1K$3K$3K
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$70K$70K
Other fees for servicesLn 11g$65$65
Office expensesLn 13$10K$10K
Information technologyLn 14$800$800
OccupancyLn 16$47K$47K
TravelLn 17$18K$18K
InsuranceLn 23$3K$571$1K$1K
Other expenses (24a–d)Ln 24$32K$25K$5K$3K
All other expensesLn 24e$1K$839$417
Total functional expensesLn 25$1.1M$914K$185K$41K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.9M$3.3M$2.6M$13.3M 990 PDF
FY2023 $4.3M$2.2M$2.1M$11.0M 990 PDF
FY2022 $4.4M$2.2M$2.2M$8.8M 990 PDF
FY2021 $3.8M$1.4M$2.4M$6.7M 990 PDF
FY2020 $3.2M$1.5M$1.7M$4.3M 990 PDF
FY2019 Viewing $1.6M$1.1M$433K$2.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2019 990 (4 parts)
Part VIII · Statement of revenue $1,573,263 across 6 lines filed
Lines not itemized here account for $211 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$1,506,635
VIII-1g Noncash contributions (included above)$9,231
VIII-1h Total contributions, gifts and grants$1,506,635
VIII-3 Investment incomeExcluded from tax $31,662$31,662
VIII-8 Net income from fundraising eventsExcluded from tax $34,755$34,755
VIII-12 Total revenueRelated to mission $0 · Unrelated business $211 · Excluded from tax $66,417$1,573,263
Part IX · Statement of functional expenses $1,140,073 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $852,720$852,720
IX-7 Other salaries and wagesPrograms $16,872 · Management $33,744 · Fundraising $33,744$84,360
IX-10 Payroll taxesPrograms $1,385 · Management $2,770 · Fundraising $2,770$6,925
IX-11b Legal feesManagement $14,945$14,945
IX-11c Accounting feesManagement $69,502$69,502
IX-11g Other fees for servicesManagement $65$65
IX-13 Office expensesManagement $9,751$9,751
IX-14 Information technologyPrograms $800$800
IX-16 OccupancyManagement $46,827$46,827
IX-17 TravelPrograms $17,625$17,625
IX-23 InsurancePrograms $571 · Management $1,142 · Fundraising $1,142$2,855
IX-24 Other expenses (24a–d)Programs $24,515 · Management $5,350 · Fundraising $2,577$32,442
IX-24e All other expensesManagement $839 · Fundraising $417$1,256
IX-25 Total functional expensesPrograms $914,488 · Management $184,935 · Fundraising $40,650$1,140,073
Part X · Balance sheet $2,634,128 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $987,542$776,600
X-2 Savings and temporary cash investmentsStart of year $1,006,941$1,591,844
X-3 Pledges and grants receivableStart of year $72,291$134,790
X-9 Prepaid expenses and deferred chargesStart of year $3,780$3,814
X-11 Publicly traded securitiesStart of year $110,735$119,966
X-15 Other assetsStart of year $7,114$7,114
X-16 Total assetsStart of year $2,188,403$2,634,128
X-17 Accounts payable and accrued expensesStart of year $3,175$15,710
X-26 Total liabilitiesStart of year $3,175$15,710
X-32 Total net assets or fund balancesStart of year $2,185,228$2,618,418
X-33 Total liabilities and net assetsStart of year $2,188,403$2,634,128
Part XI · Reconciliation of net assets $2,618,418 net assets at year end
XI-1 Total revenue$1,573,263
XI-2 Total expenses$1,140,073
XI-3 Revenue less expenses$433,190
XI-4 Net assets at start of year$2,185,228
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,618,418

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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