Mico Foundation Inc

CHATTANOOGA, TN EIN: 62-1443316

Mico Foundation Inc is a private foundation focused on Education, based in CHATTANOOGA, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $141K in total assets. In 2024, it awarded 5 grants totaling $10K. Net investment income was $17K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$141K

-1.5% YoY

Annual Giving

$10K

+10.7% YoY

Grant Count

+25.0% YoY

Avg Grant Size

$2K

-11.5% YoY

Under IRS private-foundation payout rules, Mico Foundation Inc reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.

About Mico Foundation Inc

Based on IRS filings

Focus Areas

Education Religion Human services

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Tennessee $25K (55%)

Florida $14K (30%)

New Jersey $4K (10%)

District of Columbia $2K (5%)

States

District of Columbia Florida New Jersey Tennessee

Cities

ChattanoogaHomosassaInvernessMemphisMorristownNashvilleNewberryWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$141,137	$143,252	$146,930
Revenue	$29,396	$10,769	$8,907
Expenses	$31,511	$14,447	$13,644
Qualifying Distributions	$19,152	$13,082	$12,286
Net Investment Income	$17,037	$9,404	$7,514
Distributable Amount	$15,766	$14,083	$12,898

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

26 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Seeing Eye ($2,870), Salvation Army ($2,500), St Jude Hospital ($2,500).

Recipient	Purpose	Amount
COMMUNITY FOOD BANK OF CITRUS COUNTY HOMOSASSA, FL	GENERAL FUND/PROGRAM SUPPORT	$1,000
SALVATION ARMY CHATTANOOGA, TN	GENERAL FUND/PROGRAM SUPPORT	$2,500
ST JUDE HOSPITAL MEMPHIS, TN	GENERAL FUND/PROGRAM SUPPORT	$2,500
THE SEEING EYE MORRISTOWN, NJ	GENERAL FUND/PROGRAM SUPPORT	$2,870
ZIGGYS HAVEN BIRD SA INVERNESS, FL	GENERAL FUND/PROGRAM SUPPORT	$1,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
RANDOLPH D OEHMIG	SEC/DIRECTOR	0.1	—
MARIAN OEHMIG	TREAS/DIRECTOR	0.1	—
WILLIAM C OEHMIG	PRES/DIRECTOR	0.1	—

Subject Areas

Focus areas based on grantmaking activity

Education Religion Human services

Frequently Asked Questions

What is Mico Foundation Inc?

Mico Foundation Inc is a private foundation focused on Education, based in CHATTANOOGA, TN. It holds $141K in total assets as of 2024.

How large is Mico Foundation Inc?

As of 2024, Mico Foundation Inc holds $141K in total assets with $29K in annual revenue. It awarded 5 grants totaling $10K in 2024.

Where does Mico Foundation Inc operate?

Mico Foundation Inc has awarded grants in District of Columbia, Florida, New Jersey, Tennessee.

What size grants does Mico Foundation Inc award?

In 2024, Mico Foundation Inc awarded 5 grants totaling $10K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Mico Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mico Foundation Inc reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.