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MICHAEL PHELPS FOUNDATION

EIN 61-1571538 LITCHFIELD PK, AZ

Revenue 2025
$1,530,838
Expenses 2025
$1,303,881

Program services were 73.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
P12
Classification
1000
Street
PO BOX 7

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • NICOLE PHELPS

    PRESIDENT & CEO

    Total calculated
    $0
    Hours/week
    5

  • DEBBIE PHELPS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LENNY KRAYZELBERG

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • MICHAEL LYNCH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BOB BOWMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MIKE UNGER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KRISTIN STRUBLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KAREN LINHART

    EXECUTIVE DIRECTOR

    Total calculated
    $11,687
    From this org
    $11,687
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $1,530,838
    Expenses
    $1,303,881
    Contributions
    $1,804,589
    Grants paid
    $563,637
  • 2023
    Revenue
    $1,127,489
    Expenses
    $1,415,498
    Contributions
    $1,390,748
    Grants paid
    $644,614
  • 2022
    Revenue
    $832,791
    Expenses
    $869,679
    Contributions
    $912,878
    Grants paid
    $363,505

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

  • BOYS AND GIRLS CLUBS OF AMERICA

    $400,000

    2023 THE FOUNDATION DELIVERS A GRANT TO THE NATIONAL OFFICE FOR THE IMPLEMENTATION OF THE IM PROGRAM IN BOYS & GIRLS CLUBS ACROSS THE COUNTRY. THE NATIONAL OFFICE DISBURSES THE GRANT TO EACH CLUB TO HELP CLUB MEMBERS LEARN HOW TO SWIM, SET GOALS AND LIVE A HEALTHIER LIFE.

  • BOYS & GIRLS CLUBS OF AMERICA

    $378,000

    2025 GRANT PROVIDED TO THE NATIONAL OFFICE FOR THE IMPLEMENTATION OF IM PROGRAM

  • BOYS AND GIRLS CLUBS OF AMERICA

    $200,000

    2022 THE FOUNDATION DELIVERS A GRANT TO THE NATIONAL OFFICE FOR THE IMPLEMENTATION OF THE IM PROGRAM IN BOYS & GIRLS CLUBS ACROSS THE COUNTRY. THE NATIONAL OFFICE DISBURSES THE GRANT TO EACH CLUB TO HELP CLUB MEMBERS LEARN HOW TO SWIM, SET GOALS AND LIVE A HEALTHIER LIFE.

  • SPECIAL OLYMPICS INTERNATIONAL

    $150,000

    2025 TO SUPPORT THE SPORT OF SWIMMING IN SPECIAL OLYMPICS THROUGH SPECIALIZED SWIM COACH TRAINING AND DEVELOPMENT

  • SPECIAL OLYMPICS

    $130,323

    2023 DONATION TO SUPPORT THE IM PROGRAM WITH LOCAL SPECIAL OLYMPICS TEAMS

  • LAZARUS HOUSE

    $20,000

    2022 DONATION TO SUPPORT PROGRAMMING.

  • LEVEL FIELD FUND

    $20,000

    2023 DONATION SO ORGANIZATION CAN PROVIDE GRANTS TO COMPETITIVE SWIMMERS WITH FINANICAL NEED

  • TRICITY FAMILY SERVICES

    $20,000

    2022 DONATION TO SUPPORT PROGRAMMING.

  • MENTAL HEALTH ASSOCIATION IN FORSYTH

    $15,000

    2022 DONATION TO FOR MENTAL HEALTH PROGRAMMING.

  • GIRL SCOUTS OF MAINE

    $10,500

    2023 DONATION TO SUPPORT THE IM PROGRAM AT TWO SUMMER CAMPS

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

The 10 largest by cash amount. The API serves every itemized grant.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.