Mika Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAKE FOREST, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 29 grants totaling $230K. Net investment income was $85K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.7M
-8.1% YoY
Annual Giving
$230K
+451.1% YoY
Grant Count
29
+123.1% YoY
Avg Grant Size
$8K
+147.0% YoY
Under IRS private-foundation payout rules, Mika Foundation Inc reported a distributable amount of $93K for 2024 — the minimum it must pay out in qualifying distributions.
About Mika Foundation Inc
Based on IRS filings
Mika Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAKE FOREST, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 29 grants totaling $230K. Net investment income was $85K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,705,578 | $1,856,832 | $1,872,717 |
| Revenue | $87,692 | $77,211 | $33,319 |
| Expenses | $238,946 | $94,801 | $150,942 |
| Qualifying Distributions | $235,479 | $86,624 | $150,951 |
| Net Investment Income | $85,185 | $69,036 | $33,319 |
| Distributable Amount | $92,529 | $89,798 | $64,314 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
56 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lewis County Humane Society ($16,007), Doxie by Proxy ($16,006), East Coast Rabbit Rescue ($16,005).
| Recipient | Purpose | Amount |
|---|---|---|
| EAST COAST RABBIT RESCUE WEST PALM BEACH, FL | RESCUING AND REHOMING ABANDONED RABBITS. | $16,005 |
| POSSUMWOOD ACRES HUBERT, NC | WILDLIFE REHABILITATION AND ENVIRONMENTAL EDUCATION CENTER. | $16,003 |
| TRIANGLE RABBITS APEX, NC | EDUCATING AND SUPPORTING RABBIT CARETAKERS. | $16,000 |
| CENTER FOR GREAT APES WAUCHULA, FL | PROVIDING SANCTUARY FOR ORANGUTANS AND CHIMPANZEES. | $16,000 |
| BOW WOW BUDDIES FOUNDATION WESTMINSTER, CO | FUNDING MEDICAL CARE FOR DOGS IN NEED. | $16,001 |
| ADOPT AN ANGEL WILMINGTON, NC | RESCUING AND REHOMING HOMELESS PETS. | $16,002 |
| LEWIS COUNTY HUMANE SOCIETY GLENFIELD, NY | PROMOTING ANIMAL WELFARE AND RESPONSIBLE PET OWNERSHIP. | $16,007 |
| ANIMALKIND RALEIGH, NC | PROVIDING AFFORDABLE SPAY/NEUTER SERVICES TO REDUCE OVERPOPULATION. | $6,000 |
| PANTHER RIDGE CONSERVATION CENTER LOXAHATCHEE, FL | PROVIDING A HOME, HAVEN, AND HOPE FOR ENDANGERED BIG CATS. | $6,001 |
| FARM AND LANDS TRUST YORK COUNTY YORK, PA | PRESERVING FARMLAND AND NATURAL RESOURCES IN YORK COUNTY. | $6,003 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANGELA ZACHERL | PRESIDENT | 8 | $3,750 |
| JOSEPH ZACHERL | DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mika Foundation Inc?
Mika Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAKE FOREST, NC. It holds $1.7M in total assets as of 2024.
How large is Mika Foundation Inc?
As of 2024, Mika Foundation Inc holds $1.7M in total assets with $88K in annual revenue. It awarded 29 grants totaling $230K in 2024.
Where does Mika Foundation Inc operate?
Mika Foundation Inc has awarded grants in Colorado, Florida, North Carolina, New York, Pennsylvania.
What size grants does Mika Foundation Inc award?
In 2024, Mika Foundation Inc awarded 29 grants totaling $230K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Mika Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mika Foundation Inc reported a distributable amount of $93K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mika Foundation Inc's EIN?
Mika Foundation Inc's EIN (Employer Identification Number) is 87-3438359. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Mika Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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