Mikeroweworks Foundation EIN 26-4324338 Form 990 (PDF) Claim this org

Mikeroweworks Foundation FY2022 filing

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Educates people about skilled trades, correcting myths and helping fill the workforce gap. For fiscal year 2022 it reported $4.4M in revenue, $2.2M in expenses, and $8.8M in net assets.Pt I

Founded
2008
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Los Angeles, CA
Website
mikeroweworks.com
Filings
6 on file (2019–2022)
Revenue
$4.4MFY2022
Expenses
$2.2M
Net assets
$8.8M
People
7
Filings
6
Updates
0
More identity details & actions ⌄
EIN  26-4324338 Public foundation / grantmaker Los Angeles, CA Founded 2008
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 8/20/26 · see original: IRS
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Size
$1–10M
What they do
Educates people about skilled trades, correcting myths and helping fill the workforce gap.
Leadership
Michael G Rowe · CEO and CFO
Money in and out
$4.4M revenue, $2.2M expenses
Grants paid & assets · FY2022
Total revenue
$4.4M
Pt VIII · Ln 12
Total expenses
$2.2M
Pt IX · Ln 25
Net assets
$8.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.2M
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.08 Fundraising $0.04

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Revenue
$4.4M
FY2022▲ +16%
Expenses
$2.2M
FY2022▲ +57%
Total assets
$8.9M
FY2022▲ +33%
Total liabilities
$93K
FY2022▲ ×10
Total revenue
$4.4M
Pt VIII · Ln 12
Total expenses
$2.2M
Pt IX · Ln 25
Net assets
$8.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.2M
Total assetsPt X · Ln 16$8.9M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

2 program services account for $1.7M of program spending, described in the organization's own filed words · FY2022.
01

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.

$1.5Mprogram 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.

$183Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMikeroweworks Foundation
EINHdr · item D26-4324338
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jmikeroweworks.com
Year of formationHdr · item L2008
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFApr 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
CEO and CFO
$0Pt VII · Sec A
President and COO
$0Pt VII · Sec A
Vice President and Secreta
$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
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Statement of Revenue

Part VIII
Contributions & grants$4.2M · 97%
Investment income$89K · 2%
Other revenue$38K · 1%
Contributions & grants97%$4.2M
Investment income2%$89K
Other revenue1%$38K
Total revenueLn 12$4.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.08 Fundraising $0.04
Program services88%$1.9M
Management & general8%$174K
Fundraising4%$80K
Total functional expensesLn 25$2.2M

Balance Sheet

Part X · end of year
CashLn 1$8.5M
Total assetsLn 16$8.9M
Total liabilitiesLn 26$93K
Total net assetsLn 32$8.8M
Months of cash on handcomputed47.1

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

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$5.9M revenue · ⤓ 990 PDF
FY2023$4.3M revenue · ⤓ 990 PDF
FY2022$4.4M revenue · viewing · ⤓ 990 PDF
FY2021$3.8M revenue · ⤓ 990 PDF
FY2020$3.2M revenue · ⤓ 990 PDF
FY2019$1.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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