EIN 27-2898736

The Michelson 20MM Foundation

IRS 501(c) type
501(c)(3)
Num. employees
10
Year formed
2012
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Founded by Dr. Gary K. Michelson, the Michelson 20MM Foundation supports and invests in leading edge entrepreneurs, technologies, models, and initiatives with the potential to improve postsecondary access, affordability, and efficacy.
Also known as...
Twenty Million Minds
Total revenues
$3,228,591
2022
Total expenses
$2,496,495
2022
Total assets
$4,374,656
2022
Num. employees
10
2022

Program areas at The Michelson 20MM Foundation

This program supports digital equity efforts aimed at closing The digital divide, particularly amongst underserved and historically marginalized communities.
This program supports companies working on higher learning technologies: programs, products, and/or services that improve equity, access, and efficacy in postsecondary ed.
Supports organizations and initiatives that seek to increase awareness and democratize access to intellectual property education across u.s. institutions of higher ed.
Facilitated a weekend during which several contracted developers, academics, and others came together to produce educational content and tools.

Grants made by The Michelson 20MM Foundation

GranteeGrant descriptionAmount
Community PartnersResources for People Impacted By Mass Incarceration Community Projects for Public Good Education Access & Affordability Intellectual Property Education/support$127,500
The Utility Reform NetworkDigital Services Access & Affordability$100,000
Center for Accessible TechnologyDigital Services Access & Affordability$100,000
...and 39 more grants made totalling $836,415

Who funds The Michelson 20MM Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Michelson Medical Research Foundation (MMRF)Carry Forth Multiple Educational Programs, Including Educational and Success Programs, Future of Work and Workforce Development Programs, Smart Justice Programs, Programs To Increase Educational Awareness on Topics Related To Intellectual Property, and Programs Intended To Support Private-Sector Solutions To Issue Within the Education Sector.$2,500,000
California Community FoundationEducation$50,000
Silicon Valley Community Foundation (SVCF)General Nonprofit Support$50,000
...and 2 more grants received

Personnel at The Michelson 20MM Foundation

NameTitleCompensation
Phillip KimChief Executive Officer
Mayra LomberaChief Operating Officer$163,499
David CohenChief Financial Officer and Secretary$0
Ryan Erickson-KulasDirector of Programs and Operations$98,261
Miguel LeonDirector of Programs and Strategic Initiatives$106,047
...and 10 more key personnel

Financials for The Michelson 20MM Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$2,815,000
Investment income and dividends$1,645
Net rental income$0
Net gain from sale of non-inventory assets$396,621
Gross sales of inventory$0
Miscellaneous revenues$721,179
Total revenues$3,228,591

Form 990s for The Michelson 20MM Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-16990PFView PDF
2021-122022-11-15990PFView PDF
2020-122021-11-15990PFView PDF
2019-122021-06-15990PFView PDF
2018-122020-01-27990PFView PDF
...and 7 more Form 990s
Data update history
January 7, 2024
Posted financials
Added Form 990PF for fiscal year 2022
January 3, 2024
Received grants
Identified 1 new grant, including a grant for $2,500,000 from Michelson Medical Research Foundation (MMRF)
December 30, 2023
Received grants
Identified 6 new grant, including a grant for $1,850,000 from Michelson Medical Research Foundation (MMRF)
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 28, 2023
Updated personnel
Identified 8 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate operating foundationsCharities
Issues
Education
Characteristics
Political advocacyProvides grantsPartially liquidatedTax deductible donationsAccepts online donations
General information
Address
3000 S Robertson Blvd Suite 105
Los Angeles, CA 90034
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Website URL
20mm.org/ 
Phone
(310) 806-9734
Facebook page
20MillionMinds 
IRS details
EIN
27-2898736
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2012
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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