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 · View filing
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
About The Michael Phelps Foundation
Based on IRS filings
The Michael Phelps Foundation is a nonprofit organization focused on Human Services, based in LITCHFIELD PARK, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 4 grants totaling $540K. Net investment income was $5K.
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 | $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
Open Grants
3 open opportunities from The Michael Phelps Foundation
Caps for a Cause
THE MICHAEL PHELPS FOUNDATION
Amount
Varies
Deadline
Rolling / Open
IM Program Partnership Grant
THE MICHAEL PHELPS FOUNDATION
Amount
Varies
Deadline
Rolling / Open
Level Field Fund
THE MICHAEL PHELPS FOUNDATION
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boys & Girls Clubs of America ($510,000), Girl Scouts of Maine ($16,000), National Drowning Preventive Alliance ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS & GIRLS CLUBS OF AMERICA ATLANTA, GA | GRANT PROVIDED TO THE NATIONAL OFFICE FOR THE IMPLEMENTATION OF IM PROGRAM | $510,000 |
| SPECIAL OLYMPICS ARIZONA GOODYEAR, AZ | DONATION TO SUPPORT LOCAL SPECIAL OLYMPICS TEAMS | $6,500 |
| GIRL SCOUTS OF MAINE SOUTH PORTLAND, ME | GRANT FOR IM PROGRAM AT SUMMER CAMPS | $16,000 |
| NATIONAL DROWNING PREVENTIVE ALLIANCE TUSTIN, CA | TO PROVIDE SCHOLARSHIPS TO AQUATICS PROFESSIONALS | $7,500 |
Leadership & 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 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Michael Phelps Foundation?
The Michael Phelps Foundation is a nonprofit organization focused on Human Services, based in LITCHFIELD PARK, AZ. It holds $1.4M in total assets as of 2024.
How large is The Michael Phelps Foundation?
As of 2024, The Michael Phelps Foundation holds $1.4M in total assets with $1.3M in annual revenue. It awarded 4 grants totaling $540K in 2024.
Where does The Michael Phelps Foundation operate?
The Michael Phelps Foundation has awarded grants in Arizona, California, District of Columbia, Florida, Georgia, Illinois, Maryland, Maine, North Carolina, Pennsylvania, Texas.
What size grants does The Michael Phelps Foundation award?
In 2024, The Michael Phelps Foundation awarded 4 grants totaling $540K — an average of about $135K per grant, based on its IRS Form 990 filings.
What is The Michael Phelps Foundation's EIN?
The Michael Phelps Foundation's EIN (Employer Identification Number) is 61-1571538. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Michael Phelps Foundation'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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