James R & Nanette S Michie Foundation
Only null% goes to programs Strong reserves
James R & Nanette S Michie Foundation is a 501(c)(3) organization based in Salt Lake Cty, Utah, registered in 2013, with $241,974 in FY2024 revenue. CharityIndex grades it C+.
3075 E Kennedy Dr Apt 403, Salt Lake Cty, UT, 84108 EIN 46-2844039 Since 2013
Revenue (FY2024)
$242K
▼ 0.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$224K
Net assets
$158K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for James R & Nanette S Michie Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For James R & Nanette S Michie Foundation: 8 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for James R & Nanette S Michie Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For James R & Nanette S Michie Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 3075 E Kennedy Dr Apt 403, Salt Lake Cty, UT, 84108
- City
- Salt Lake Cty
- State
- Utah
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $215K (FY2018) to $242K (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $158K
Operating margin
7.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$158K
Total liabilities
$0
Net assets
$158K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $241,974 | $223,974▲14.3% | $158,375▲12.8% | $158,375▲12.8% | 990PF |
| 2023 | $241,975▼1.2% | $195,925▼1.9% | $140,375▲48.8% | $140,375▲48.8% | 990PF |
| 2022 | $244,985▲1.2% | $199,695▼37.1% | $94,325▲92.4% | $94,325▲92.4% | 990PF |
| 2021 | $242,175▲14.7% | $317,275▲145% | $49,035▼60.5% | $49,035▼60.5% | 990PF |
| 2020 | $211,225▲20.1% | $129,484▼16.6% | $124,135▲193% | $124,135▲193% | 990PF |
| 2019 | $175,900▼18.2% | $155,198▼41.5% | $42,394▲95.4% | $42,394▲95.4% | 990PF |
| 2018 | $215,000 | $265,298 | $21,692 | $21,692 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is James R & Nanette S Michie Foundation a legitimate nonprofit?
- Yes. James R & Nanette S Michie Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-2844039, based in Salt Lake Cty, Utah. Donations are tax-deductible.
- What is James R & Nanette S Michie Foundation's EIN?
- James R & Nanette S Michie Foundation's Employer Identification Number (EIN) is 46-2844039.
- How much revenue does James R & Nanette S Michie Foundation report?
- James R & Nanette S Michie Foundation reported $241,974 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does James R & Nanette S Michie Foundation have?
- CharityIndex grades James R & Nanette S Michie Foundation C+, based on financial health (reserves and operating margin).
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Data for James R & Nanette S Michie Foundation (EIN 46-2844039) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.