Janice Michelle Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 1 grants totaling $55K. Net investment income was $203K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
+6.6% YoY
Annual Giving
$55K
-44.4% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$55K
-44.4% YoY
Under IRS private-foundation payout rules, Janice Michelle Foundation Inc reported a distributable amount of $117K for 2024 — the minimum it must pay out in qualifying distributions.
About Janice Michelle Foundation Inc
Based on IRS filings
Janice Michelle Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 1 grants totaling $55K. Net investment income was $203K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,393,236 | $2,245,119 | $2,289,330 |
| Revenue | $219,875 | $65,878 | $332,610 |
| Expenses | $71,758 | $110,089 | $89,910 |
| Qualifying Distributions | $58,568 | $102,320 | $87,210 |
| Net Investment Income | $203,229 | $30,821 | $229,610 |
| Distributable Amount | $116,704 | $107,658 | $107,494 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include See Schedule 3 ($55,048).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE SCHEDULE 3 NEW YORK, NY | THE PURPOSE OF THE ABOVE CONTRIBUTIONS IS TO AID EACH DONEE ORGANIZATION IN CARRYING OUT ITS EXEMPT FUNCTION. | $55,048 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GEORGE VARSAM | PRESIDENT/TREASURER | — | — |
| LORI VARSAM | VICE PRES/SECRETARY | — | — |
| ALEX ZAWOLOKA | VICE PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Janice Michelle Foundation Inc?
Janice Michelle Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $2.4M in total assets as of 2024.
How large is Janice Michelle Foundation Inc?
As of 2024, Janice Michelle Foundation Inc holds $2.4M in total assets with $220K in annual revenue. It awarded 1 grants totaling $55K in 2024.
Where does Janice Michelle Foundation Inc operate?
Janice Michelle Foundation Inc has awarded grants in New York.
What size grants does Janice Michelle Foundation Inc award?
In 2024, Janice Michelle Foundation Inc awarded 1 grants totaling $55K — an average of about $55K per grant, based on its IRS Form 990 filings.
How much is Janice Michelle Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Janice Michelle Foundation Inc reported a distributable amount of $117K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Janice Michelle Foundation Inc's EIN?
Janice Michelle Foundation Inc's EIN (Employer Identification Number) is 11-3458719. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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