EIN 27-2898736

The Michelson 20MM Foundation

IRS 501(c) type
501(c)(3)
Num. employees
11
Year formed
2012
Most recent tax filings
2023-12-01
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
$3,467,142
2023
Total expenses
$3,855,726
2023
Total assets
$4,879,691
2023
Num. employees
11
2023

Program areas at The Michelson 20MM Foundation

This program supports students facing challenges in completing their postsecondary educational programs due to food, housing, or financial insecurity.
This program supports organizations and initiatives that seek to increase awareness and democratize access to foundational ip education across us insts of higher learning
This program supports The proliferation and adoption of open educational resources to improve The affordability of instructional materials, efficacy of faculty instruction.
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
NextGen PolicyDigital Services Access & Affordability$50,000
Education TrustEducation Access & Affordability$50,000
Public Policy Institute of California (PPIC)Public Policy Research$50,000
...and 32 more grants made totalling $653,539

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.$1,850,000
Conrad N. Hilton FoundationTo Launch A Student Parent Pooled Fund in California That Advances Equity and Systemic Change for Student Parents in the State$50,000
Silicon Valley Community Foundation (SVCF)General Nonprofit Support$50,000
...and 1 more grant 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 LeonSenior Director of Programs and Strategic Partnerships$106,047
...and 10 more key personnel

Financials for The Michelson 20MM Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$3,416,932
Investment income and dividends$0
Net rental income$0
Net gain from sale of non-inventory assets$31,648
Gross sales of inventory$0
Miscellaneous revenues$118,562
Total revenues$3,467,142

Form 990s for The Michelson 20MM Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-18990PFView PDF
2022-122023-11-16990PFView PDF
2021-122022-11-15990PFView PDF
2020-122021-11-15990PFView PDF
2019-122021-06-15990PFView PDF
...and 8 more Form 990s
Data update history
January 3, 2025
Received grants
Identified 1 new grant, including a grant for $50,000 from Conrad N. Hilton Foundation
September 22, 2024
Updated personnel
Identified 2 new personnel
July 12, 2024
Received grants
Identified 1 new grant, including a grant for $50,000 from California Community Foundation
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)
Nonprofit Types
Grantmaking organizationsPrivate foundationsFamily 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
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - In Process
FTB status revoked
Not revoked
AG Registration Number
CT0172955
FTB Entity ID
3301200
AB 488 data last updated ("as-of") date
2025-02-19
Free account sign-up

Want updates when The Michelson 20MM Foundation has new information, or want to find more organizations like The Michelson 20MM Foundation?

Create free Cause IQ account