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
No grants recorded for .
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
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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