The Michael Phelps Foundation
THE ORGANIZATION'S MISSION IS TO PROMOTE HEALTHY, ACTIVE LIVES, ESPECIALLY FOR CHILDREN, PRIMARILY BY EXPANDING OPPORTUNITIES FOR PARTICIPATION IN THE SPORT OF SWIMMING.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$1.4M
-4.8% YoY
Annual Giving
$540K
-5.4% YoY
Grant Count
4
-33.3% YoY
Avg Grant Size
$135K
+41.9% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,437,272 | $1,509,140 | $1,690,535 |
| Revenue | $1,340,905 | $1,127,489 | $832,791 |
| Expenses | $1,265,182 | $1,415,498 | $869,679 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $4,832 | $22,687 | $8,254 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
34 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does The Michael Phelps Foundation fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NICOLE PHELPS | PRESIDENT | 5 | — |
| MICHAEL LYNCH | BOARD MEMBER | 3 | — |
| DEBBIE PHELPS | SECRETARY | 3 | — |
| LENNY KRAYZELBERG | TREASURER | 3 | — |
| BOB BOWMAN | BOARD MEMBER | 3 | — |
| MIKE UNGER | BOARD MEMBER | 3 | — |
| KRISTIN STRUBLE | BOARD MEMBER | 3 | — |
| MARISSA FORTIER | MANAGING DIRECTOR (THRU 4/24) | 40 | $38,422 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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