Miracle Michael Fund FY2022 filing

Tax-deductible

Naperville, IL501(c)(3)Foundations & GrantmakersEIN 36-4373985Revenue $94K in FY2022

On file with the IRS4823 Fesseneva Ln, 60564-5839 · Naperville, ILTax-exempt since Jul 2002Publicly supported — 509(a)(2)

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501(c)(3) charity; gifts are tax-deductible.
44¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
1 of 5
filings with a surplus
Average deficit $1K a year · 2% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
44%
of spending
Concern: 44% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 16 voting members
Looks good: 14 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$94K
+11% vs prior year
Spent
$101K
To programs
44%
Net assets
$18K
By yearFY2020–FY2024
Revenue
$94K
FY2022▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$9K
FY2021$84K
FY2022$94K
FY2023$105K
FY2024$101K
Expenses
$101K
FY2022▲ +71%
Tap a bar for its year
Expenses by fiscal year
FY2020$25K
FY2021$59K
FY2022$101K
FY2023$113K
FY2024$102K
Net assets
$18K
FY2022▼ -31%
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$26K
FY2022$18K
FY2023$10K
FY2024$9K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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 Jul 2002.

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

Where the money goes

44 cents of each dollar spent went to programs.

Program services 44% · $45K Management & general 8% · $8K Fundraising 48% · $48K

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

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Miracle Michael Fund 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

Miracle Michael Fund is a public foundation based in Naperville, IL.

Provided by the organization

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1 program · $45K · in their own filed words · FY2022
01

WE WERE ABLE TO DONATE $45,000 from 2022 donations: $38,000.00 Shriners, $2,000.00 OIF, $5,000.00

$45Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$6K
Grants paid · 5 grants · $97K · 2022–2024

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$94K
Ln 12
Gifts and grantsLn 1h$94K
Investment incomeLn 3$3
Money outPt IX
$101K
Ln 25
Programscol B$45K
Managementcol C$8K
Fundraisingcol D$48K
Owns and owesPt X
$18K
net assets · Ln 32
Cash and savingsLn 1–2$18K
Total assetsLn 16$18K
LiabilitiesLn 26$0
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$94K
Investment incomeLn 3$3
Total revenueLn 12$94K
Assets in detailPt X, end of year
CashLn 1$18K
Cash and savings togetherLn 1–2$18K
Total assetsLn 16$18K
LiabilitiesLn 26$0
Net assetsLn 32$18K
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$26K$18K
Total assetsLn 16$26K$18K
LiabilitiesLn 26$0$0
Net assetsLn 32$26K$18K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$45K$45K
Management feesLn 11a$2K$0$2K$0
Accounting feesLn 11c$350$0$350$0
Conferences, conventions and meetingsLn 19$48K$0$0$48K
Other expenses (24a–d)Ln 24$2K$0$2K$0
All other expensesLn 24e$4K$0$4K$0
Total functional expensesLn 25$101K$45K$8K$48K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $101K$102K−$971$9K 990 PDF
FY2023 $105K$113K−$8K$10K 990 PDF
FY2022 Viewing $94K$101K−$8K$18K 990 PDF
FY2021 $84K$59K$25K$26K 990 PDF
FY2020 $9K$25K−$16K$0 990 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 FY2022 990 (6 parts)
Part I · Summary $93,562 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $84,012$93,559
I-9 Program service revenue$0
I-10 Investment incomePrior year $2$3
I-11 Other revenue$0
I-12 Total revenuePrior year $84,014$93,562
I-13 Grants and similar amounts paidPrior year $1,500$45,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $57,884$56,363
I-18 Total expensesPrior year $59,384$101,363
I-19 Revenue less expensesPrior year $24,630−$7,801
Part VI · Governance 14 of 16 board members independent, 5 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $93,562 across 4 lines filed
VIII-1f All other contributions, gifts and grants$93,559
VIII-1h Total contributions, gifts and grants$93,559
VIII-3 Investment incomeUnrelated business $3 · Excluded from tax $0$3
VIII-12 Total revenueRelated to mission $0 · Unrelated business $3 · Excluded from tax $0$93,562
Part IX · Statement of functional expenses $101,363 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $45,000$45,000
IX-11a Management feesPrograms $0 · Management $2,000 · Fundraising $0$2,000
IX-11c Accounting feesPrograms $0 · Management $350 · Fundraising $0$350
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $48,464$48,464
IX-24 Other expenses (24a–d)Programs $0 · Management $2,049 · Fundraising $0$2,049
IX-24e All other expensesPrograms $0 · Management $3,500 · Fundraising $0$3,500
IX-25 Total functional expensesPrograms $45,000 · Management $7,899 · Fundraising $48,464$101,363
Part X · Balance sheet $17,747 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $25,548$17,747
X-16 Total assetsStart of year $25,548$17,747
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $25,548$17,747
X-33 Total liabilities and net assetsStart of year $25,548$17,747
Part XI · Reconciliation of net assets $17,747 net assets at year end
XI-1 Total revenue$93,562
XI-2 Total expenses$101,363
XI-3 Revenue less expenses−$7,801
XI-4 Net assets at start of year$25,548
XI-10 Net assets at end of year$17,747

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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