Mikeroweworks Foundation: FY2021 Nonprofit Profile & Form 990 (EIN 26-4324338)

Through our annual work ethic scholarship program, we initially selected 138 recipients totaling $1,050,750 in work ethic scholarships. 134 recipients ultimately accepted their awards in 17 eligible skilled trade programs across 38 states.

$983Kprogram expense

02

We 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.

$110Kprogram expense

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

Gregory Turner Charitable Remainder UnitrustFY2025$32K

T Rowe Price Program for Charitable Giving INCFY2025$25K

The Fullgraf FoundationFY2025$10K

The Joseph and Mercedes McMicking FoundationFY2025$8K

Total grants receivedfrom 4 funders$75K

See all 4 funders →

Grants paid · 18 grants · $8.6M · 2019–2024

American Educational Assistance Foundation INCTN · FY2024$2,353,641

Tact Kids INCNY · FY2024$54,000

Cafe MomentumTX · FY2024$50,000

Alliance for Choice in EducationCO · FY2024$10,000

American Educational Assistance Foundation INCTN · FY2023$1,546,409

American Educational Assistance Foundation INCTN · FY2022$1,482,306

American Educational Assistance Foundation INCTN · FY2021$983,323

American Educational Assistance Foundation INCTN · FY2020$1,050,000

Stand Together FoundationVA · FY2020$125,000

Southeast Technical Institute Housing FoundationSD · FY2020$25,000

Lake Area Technical College FoundationSD · FY2020$15,000

Tact Kids INCNY · FY2020$10,000

The Lime FoundationCA · FY2020$10,000

American Educational Assistance Foundation INCTN · FY2019$724,140

Jefferson College Foundation IncorporatedMO · FY2019$52,780

Skillsusa Foundation INCVA · FY2019$50,000

Aid JoySC · FY2019$25,000

Mountain View CollegeFY2019$800

By the numbers

The FY2021 990, line by line.

Download 990

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1The main four

Money inPt VIII

$3.8M

Ln 12

Gifts and grantsLn 1h$3.7M

Other incomeLn 4–11$79K

Investment incomeLn 3$13K

Money outPt IX

$1.4M

Ln 25

Programscol B$1.2M

Managementcol C$172K

Fundraisingcol D$59K

Owns and owesPt X

$6.7M

net assets · Ln 32

Cash and savingsLn 1–2$3.7M

Total assetsLn 16$6.7M

LiabilitiesLn 26$9K

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$3.7M

Noncash giftsLn 1g$21K

Investment incomeLn 3$13K

Other incomeLn 4–11$79K

Total revenueLn 12$3.8M

Assets in detailPt X, end of year

CashLn 1$2.1M

SavingsLn 2$1.7M

Cash and savings togetherLn 1–2$3.7M

InvestmentsLn 11–13$2.5M

Other assetsLn 15$7K

Total assetsLn 16$6.7M

LiabilitiesLn 26$9K

Net assetsLn 32$6.7M

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$1.2M	$3.7M
InvestmentsLn 11–13	$2.5M	$2.5M
Total assetsLn 16	$4.4M	$6.7M
LiabilitiesLn 26	$9K	$9K
Net assetsLn 32	$4.3M	$6.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$1.1M	$1.1M
Other salaries and wagesLn 7	$79K	$16K	$31K	$31K
Payroll taxesLn 10	$6K	$1K	$3K	$3K
Legal feesLn 11b	$19K		$19K
Accounting feesLn 11c	$54K		$54K
Other fees for servicesLn 11g	$31K		$13K	$18K
Office expensesLn 13	$5K	$4K	$1K
Information technologyLn 14	$2K	$2K
OccupancyLn 16	$50K		$50K
TravelLn 17	$3K	$3K
Depreciation, depletion and amortizationLn 22	$3K	$3K
Other expenses (24a–d)Ln 24	$8K		$937	$7K
Total functional expensesLn 25	$1.4M	$1.2M	$172K	$59K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
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 Viewing	$3.8M	$1.4M	$2.4M	$6.7M	990 PDF
FY2020	$3.2M	$1.5M	$1.7M	$4.3M	990 PDF
FY2019	$1.6M	$1.1M	$433K	$2.6M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $3,751,531 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,880,659$3,659,583

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $57,294$13,418

I-11 Other revenuePrior year $302,660$78,530

I-12 Total revenuePrior year $3,240,613$3,751,531

I-13 Grants and similar amounts paidPrior year $1,286,846$1,120,454

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $90,865$84,773

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $151,531$175,748

I-18 Total expensesPrior year $1,529,242$1,380,975

I-19 Revenue less expensesPrior year $1,711,371$2,370,556

Part VI · Governance 3 of 7 board members independent, 2 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members3

VI-2 Family or business relationship among officers or directorsYes

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $3,751,531 across 7 lines filed

Lines not itemized here account for $2,996 of total revenue; see the IRS return.

VIII-1f All other contributions, gifts and grants$3,659,583

VIII-1g Noncash contributions (included above)$21,073

VIII-1h Total contributions, gifts and grants$3,659,583

VIII-3 Investment incomeExcluded from tax $13,418$13,418

VIII-8 Net income from fundraising eventsExcluded from tax $10,068$10,068

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $65,466$65,466

VIII-12 Total revenueRelated to mission $65,466 · Unrelated business $2,996 · Excluded from tax $23,486$3,751,531

Part IX · Statement of functional expenses $1,380,975 across 12 lines filed

IX-1 Grants to domestic organizationsPrograms $1,120,454$1,120,454

IX-7 Other salaries and wagesPrograms $15,704 · Management $31,407 · Fundraising $31,407$78,518

IX-10 Payroll taxesPrograms $1,251 · Management $2,502 · Fundraising $2,502$6,255

IX-11b Legal feesManagement $18,845$18,845

IX-11c Accounting feesManagement $54,410$54,410

IX-11g Other fees for servicesManagement $12,920 · Fundraising $18,157$31,077

IX-13 Office expensesPrograms $4,114 · Management $1,186$5,300

IX-14 Information technologyPrograms $2,435$2,435

IX-16 OccupancyManagement $49,789$49,789

IX-17 TravelPrograms $2,831$2,831

IX-22 Depreciation, depletion and amortizationPrograms $3,309$3,309

IX-24 Other expenses (24a–d)Management $937 · Fundraising $6,815$7,752

IX-25 Total functional expensesPrograms $1,150,098 · Management $171,996 · Fundraising $58,881$1,380,975

Part X · Balance sheet $6,728,645 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $841,719$2,066,582

X-2 Savings and temporary cash investmentsStart of year $361,185$1,674,219

X-4 Accounts receivableStart of year $533,138$438,087

X-9 Prepaid expenses and deferred chargesStart of year $3,924$4,037

X-11 Publicly traded securitiesStart of year $2,509,289$2,534,153

X-14 Intangible assetsStart of year $7,763$4,453

X-15 Other assetsStart of year $7,114$7,114

X-16 Total assetsStart of year $4,354,198$6,728,645

X-17 Accounts payable and accrued expensesStart of year $8,941$8,851

X-26 Total liabilitiesStart of year $8,941$8,851

X-32 Total net assets or fund balancesStart of year $4,345,257$6,719,794

X-33 Total liabilities and net assetsStart of year $4,354,198$6,728,645

Part XI · Reconciliation of net assets $6,719,794 net assets at year end

XI-1 Total revenue$3,751,531

XI-2 Total expenses$1,380,975

XI-3 Revenue less expenses$2,370,556

XI-4 Net assets at start of year$4,345,257

XI-5 Net unrealized gains (losses) on investments$3,981

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$6,719,794

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Mikeroweworks Foundation FY2021 filing

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Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Mikeroweworks Foundation