Michaels Cause INC EIN 45-2808761 Form 990 (PDF) Claim this org

Michaels Cause INC

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Funds research and raises awareness for Duchenne muscular dystrophy. For fiscal year 2024 it reported $258K in revenue, $249K in expenses, and $860K in net assets.Pt I

Type
Public charity (501(c)(3)) · Diseases & Disorders
Location
Staten Island, NY
Website
michaelscause.org
Filings
5 on file (2020–2024)
Revenue
$258KFY2024
Expenses
$249K
Net assets
$860K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-2808761 Public charity (501(c)(3)) Staten Island, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Funds research and raises awareness for Duchenne muscular dystrophy.
Leadership
Robert Capolongo · President
Money in and out
$258K revenue, $249K expenses
Bottom line
71% program efficiency
Where the money goes · FY2024
Total revenue
$258K
Pt VIII · Ln 12
Total expenses
$249K
Pt IX · Ln 25
Net assets
$860K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $9K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.16 Fundraising $0.13
Program efficiency
71%
of spending reaches programs▼ -17% vs prior filing year
Operating runway
41.9mo
months of highly liquid reserves at operating expense rate▲ +104% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▲ +107% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$258K
FY2024▼ -24%
Expenses
$249K
FY2024▼ -51%
Total assets
$877K
FY2024▼ -0.6%
Total liabilities
$17K
FY2024▼ -46%
Total revenue
$258K
Pt VIII · Ln 12
Total expenses
$249K
Pt IX · Ln 25
Net assets
$860K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$9K
Total assetsPt X · Ln 16$877K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMichaels Cause INC
EINHdr · item D45-2808761
Principal addressHdr · item CStaten Island, NY
WebsiteHdr · item Jmichaelscause.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G122)
Ruling yearIRS BMFApr 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $177K of program spending, described in the organization's own filed words · FY2024.
01

To promote awareness of the disease duchenne muscular distrophy and to provide funds for additional research to be done in search of a cure for this disease. The organization also provides benevolent support to those with the disease.

$177Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$211K · 82%
Contributions & grants$33K · 13%
Investment income$14K · 5%
Other revenue82%$211K
Contributions & grants13%$33K
Investment income5%$14K
Total revenueLn 12$258K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.16 Fundraising $0.13
Program services71%$177K
Management & general16%$41K
Fundraising13%$31K
Total functional expensesLn 25$249K

Balance Sheet

Part X · end of year
CashLn 1$870K
Total assetsLn 16$877K
Total liabilitiesLn 26$17K
Total net assetsLn 32$860K
Months of cash on handcomputed41.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $870K · Operating expenses/yr $249K
41.9 months
Where the money goes
Program services
Program services $177K · Total expenses $249K
71%
Management & General
Management & general $41K · Total expenses $249K
16%
Fundraising
Fundraising $31K · Total expenses $249K
13%
Cost to raise $1
Fundraising expense (3-yr avg) $32K · Solicited contributions (3-yr avg) $90K
$0.35 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $33K · Total revenue $258K
13%
Government reliance
Government grants — · Total revenue $258K
Earned-income share
Program service revenue $0 · Total revenue $258K
0%
Investment reliance
Investment income $14K · Total revenue $258K
+5%
Program self-sufficiency
Program service revenue $0 · Total expenses $249K
0%
Growth & trend
Revenue growth (YoY)
This year $258K · Prior year $340K
-24%
Revenue CAGR
FY2020 $151K · FY2024 $258K
+14%
Net-asset trend (YoY)
End of year $860K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $258K · Expenses $249K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $877K
Net-asset ratio
Net assets $860K · Total assets $877K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $877K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Robert Capolongo · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $249K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $249K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 16%
Fundraising cost ratio 95%
Revenue growth -24%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$13K
See all 3 funders →

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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)$258K revenue · viewing · ⤓ 990 PDF
FY2023$340K revenue · ⤓ 990 PDF
FY2022$318K revenue · ⤓ 990 PDF
FY2021$340K revenue · ⤓ 990 PDF
FY2020$151K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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