Margot M Michalec Foundation
Only null% goes to programs Strong reserves Growing revenue
Margot M Michalec Foundation is a 501(c)(3) organization based in La Grange, Illinois, registered in 2016, with $88,853 in FY2024 revenue. CharityIndex grades it C+.
600 W Burlington Ave, La Grange, IL, 60525 EIN 35-2549730 Since 2016
Revenue (FY2024)
$89K
▲ 25.9% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$94K
Net assets
$2.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Margot M Michalec Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating253 mo reserves · -6% 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 Margot M Michalec Foundation: 253 mo reserves · -6% margin earns a B+ 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 Margot M Michalec 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 Margot M Michalec Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 600 W Burlington Ave, La Grange, IL, 60525
- City
- La Grange
- State
- Illinois
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $2.2M (FY2016) to $89K (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $2.0M
Operating margin
-5.6%
Spent more than it raised in the latest fiscal year.
Total assets
$2.0M
Total liabilities
$0
Net assets
$2.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $88,853▲25.9% | $93,804▲327% | $1,981,025▼0.2% | $1,981,025▼0.2% | 990PF |
| 2023 | $70,553▼30.2% | $21,968▼89.6% | $1,984,334▼1.4% | $1,984,334▼1.4% | 990PF |
| 2021 | $101,038▲83.7% | $210,404▲48.6% | $2,012,624▼5.2% | $2,012,624▼5.2% | 990PF |
| 2020 | $54,996▼67.8% | $141,630▲2.3% | $2,122,640▼3.8% | $2,122,640▼3.8% | 990PF |
| 2019 | $171,020▼14.1% | $138,403▲10.6% | $2,207,055▲1.4% | $2,207,055▲1.4% | 990PF |
| 2018 | $199,010▲99.3% | $125,125▲7.9% | $2,175,618▲3.5% | $2,175,618▲3.5% | 990PF |
| 2017 | $99,851▼95.4% | $115,996▲579% | $2,103,014▼0.8% | $2,103,014▼0.8% | 990PF |
| 2016 | $2,170,690 | $17,094 | $2,118,936 | $2,118,936 | 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 Margot M Michalec Foundation a legitimate nonprofit?
- Yes. Margot M Michalec Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-2549730, based in La Grange, Illinois. Donations are tax-deductible.
- What is Margot M Michalec Foundation's EIN?
- Margot M Michalec Foundation's Employer Identification Number (EIN) is 35-2549730.
- How much revenue does Margot M Michalec Foundation report?
- Margot M Michalec Foundation reported $88,853 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Margot M Michalec Foundation have?
- CharityIndex grades Margot M Michalec Foundation C+, based on financial health (reserves and operating margin).
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Data for Margot M Michalec Foundation (EIN 35-2549730) 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.