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EIN 61-1571538

The Michael Phelps Foundation

IRS 501(c) type
501(c)(3)
Num. employees
4
City
South Portland
State
Maine
Year formed
2008
Most recent tax filings
2023-12-01
NTEE code, primary
N67: Swimming, Water Recreation
Description
The Michael Phelps Foundation promotes healthy, active lives for children by expanding opportunities for participation in the sport of swimming. Its vision is to provide everyone with access to water safety education, support for healthy living (emotional and physical), and tools to set goals and pursue dreams. The foundation develops program-driven solutions through its IM and Level Field Fund swimming programs.
Total revenues
$1,127,489
2023
Total expenses
$1,415,498
2023
Total assets
$1,509,140
2023
Num. employees
4
2023

Program areas at The Michael Phelps Foundation

Mpf's vision is for everyone to have access to water safety education, support for healthy living (emotional and physical), and tools to set goals and pursue dreams. We develop program-driven solutions through our im and level field fund swimming programs and have sustainable delivery through strategic partnerships such as The boys & girls clubs of america, level field fund and special olympics international.

Grants made by The Michael Phelps Foundation

GranteeGrant descriptionAmount
Boys and Girls Clubs of AmericaThe Foundation Delivers A Grant To the National Office for the Implementation of the Im Program in Boys & Girls Clubs Across the Country. the National Office Disburses the Grant To Each Club To Help Club Members Learn How To Swim, Set Goals and Live A Healthier Life.$400,000
Special OlympicsDonation To Support the Im Program With Local Special Olympics Teams$130,323
Level Field FundDonation So Organization Can Provide Grants To Competitive Swimmers With Finanical Need$20,000
...and 3 more grants made

Who funds The Michael Phelps Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Toler Family Foundation09/27/24wire To Bankcharitable Purposes Only$100,500
The Harold and Carole Pump Foundation (HCPF)Charitable Contribution$50,000
The ThunderbirdsCommunity Service$40,000
...and 8 more grants received

Personnel at The Michael Phelps Foundation

NameTitleCompensation
Cathy BennettProgram Director$0
Stacy BeadleProgram Manager

Financials for The Michael Phelps Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,390,748
Program services$0
Investment income and dividends$22,687
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-285,946
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,127,489

Form 990s for The Michael Phelps Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-29990View PDF
2022-122023-10-11990View PDF
2021-122022-08-29990View PDF
2020-122021-08-17990View PDF
2019-122020-09-24990View PDF
...and 9 more Form 990s
Data update history
August 25, 2024
Received grants
Identified 1 new grant, including a grant for $25,000 from Joshua Collingsworth Memorial Foundation
August 11, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 23, 2024
Received grants
Identified 2 new grant, including a grant for $25,000 from The US Charitable Gift Trust
May 18, 2024
Received grants
Identified 9 new grant, including a grant for $50,000 from Toler Family Foundation
November 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsAmateur sports clubsSports organizationsCharities
Issues
Human servicesSports
Characteristics
Provides grantsFundraising eventsOperates internationallyNational levelTax deductible donationsAccepts online donations
General information
Address
7 Ocean St 2nd Floor
South Portland, ME 04106
Metro area
Portland-South Portland, ME
County
Cumberland County, ME
Website URL
michaelphelpsfoundation.org/ 
Phone
(207) 536-8375
IRS details
EIN
61-1571538
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2008
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
N67: Swimming, Water Recreation
NAICS code, primary
713990: Amateur Sports, Youth Sports, and Recreational Services
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0201699
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2025-03-19
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