Michael S Foundation INC FY2024 filing

Tax-deductible

Groveland, FL501(c)(3)Human ServicesEIN 83-2639084Revenue $977K in FY2024

On file with the IRSmichaels-foundation.org645 Conservation Blvd, 34736-3674 · Groveland, FLTax-exempt since Apr 2019Publicly supported — 509(a)(2)

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Our core program is our Equine Program. Horses Empowering Herors. This ground based facilitated experiential horse programs is key to helping veterans find peaceful emotoional aqility in their lives, post military svs

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$310K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $21K a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$310K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$977K
+42% vs prior year
Spent
$1.0M
To programs
86%
Net assets
$80K
By yearFY2020–FY2025
Revenue
$977K
FY2024▲ +42%
Tap a bar for its year
Revenue by fiscal year
FY2020$307K
FY2021$426K
FY2022$671K
FY2023$690K
FY2024$977K
FY2025$1.4M
Expenses
$1.0M
FY2024▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2020$292K
FY2021$276K
FY2022$634K
FY2023$782K
FY2024$1.0M
FY2025$1.3M
Net assets
$80K
FY2024▼ -43%
Tap a bar for its year
Net assets by fiscal year
FY2020$39K
FY2021$195K
FY2022$232K
FY2023$141K
FY2024$80K
FY2025$153K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2019.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $893K Management & general 14% · $145K

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

4 people listed on the 990; $310K paid to officers and key staff.

Part VII, Section A · reportable compensation
$130,000Pt VII · Sec A
President
$90,000Pt VII · Sec A
Dir Comm & S
$90,000Pt VII · Sec A
$0Pt VII · Sec A

Eileen Titus’s $132K as COO is at the 63rd percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Eileen Titus$131,890$130,000$130,000———
Matthew Titus$108,259$90,000$76,000———
Larry Titus$91,731$90,000$90,000———
Kristine Titus———$91,731$90,000—
Christine Titus—————$91,731
Cathereine Huddleston—————$64,900
Anabell Slay—————$61,154

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps veterans find emotional peace and agility through facilitated horse programs.

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Provided by the organization

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1 program · $893K · in their own filed words · FY2024
01

To engage and empower veterans, be the destination for free veteran benefit guidance, seasonal events and weekly programs promoting veteran wellbeing.

$893Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$977K
Ln 12
Gifts and grantsLn 1h$977K
Money outPt IX
$1.0M
Ln 25
Programscol B$893K
Managementcol C$145K
Owns and owesPt X
$80K
net assets · Ln 32
Cash and savingsLn 1–2$80K
Total assetsLn 16$80K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A3
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$977K
Total revenueLn 12$977K
Assets in detailPt X, end of year
CashLn 1$80K
Cash and savings togetherLn 1–2$80K
Total assetsLn 16$80K
LiabilitiesLn 26$0
Net assetsLn 32$80K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$141K$80K
Total assetsLn 16$141K$80K
LiabilitiesLn 26$0$0
Net assetsLn 32$141K$80K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$441K$351K$90K
Legal feesLn 11b$613$613
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$458K$458K
Advertising and promotionLn 12$68K$68K
Office expensesLn 13$40K$40K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$5K$5K
InsuranceLn 23$9K$9K
Total functional expensesLn 25$1.0M$893K$145K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.4M$1.3M$73K$153K 990 PDF
FY2024 Viewing $977K$1.0M−$61K$80K 990 PDF
FY2023 $690K$782K−$91K$141K 990 PDF
FY2022 $671K$634K$37K$232K 990 PDF
FY2021 $426K$276K$149K$195K 990 PDF
FY2020 $307K$292K$15K$39K 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 FY2024 990 (6 parts)
Part I · Summary $977,091 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $690,407$977,091
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $690,407$977,091
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $327,081$441,343
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $454,490$596,792
I-18 Total expensesPrior year $781,571$1,038,135
I-19 Revenue less expensesPrior year −$91,164−$61,044
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $977,091 across 3 lines filed
VIII-1f All other contributions, gifts and grants$977,091
VIII-1h Total contributions, gifts and grants$977,091
VIII-12 Total revenue$977,091
Part IX · Statement of functional expenses $1,038,135 across 9 lines filed
IX-7 Other salaries and wagesPrograms $351,343 · Management $90,000$441,343
IX-11b Legal feesManagement $613$613
IX-11c Accounting feesManagement $14,388$14,388
IX-11g Other fees for servicesPrograms $458,306$458,306
IX-12 Advertising and promotionPrograms $68,090$68,090
IX-13 Office expensesManagement $40,223$40,223
IX-17 TravelPrograms $1,658$1,658
IX-19 Conferences, conventions and meetingsPrograms $4,987$4,987
IX-23 InsurancePrograms $8,527$8,527
IX-25 Total functional expensesPrograms $892,911 · Management $145,224 · Fundraising $0$1,038,135
Part X · Balance sheet $80,030 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $141,074$80,030
X-16 Total assetsStart of year $141,074$80,030
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $141,074$80,030
X-32 Total net assets or fund balancesStart of year $141,074$80,030
X-33 Total liabilities and net assetsStart of year $141,074$80,030
Part XI · Reconciliation of net assets $80,030 net assets at year end
XI-1 Total revenue$977,091
XI-2 Total expenses$1,038,135
XI-3 Revenue less expenses−$61,044
XI-4 Net assets at start of year$141,074
XI-10 Net assets at end of year$80,030

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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