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Connecticut · Nonprofit

MIKEY'S WAY FOUNDATION INC

MIKEY'S WAY FOUNDATION INC (Connecticut) receives grants from 24 organizations whose IRS filings report $443,179 to it, the largest being FRED R & HAZEL W CARSTENSEN MEMORIAL FOUNDATION INC ($73,750). 15 of them have funded it in more than one year.

Revenue FY2022
$285k
Funders on record
24
Grants received
$443k
Net assets
$344k
15/24 repeat funderspeak grant-dependency 23%
01What it does

What Mikey's Way Foundation Inc does

Mission

To enrich the lives of children suffering from cancer and other life-threatening illnesses. The foundation strives to create connection and diversion to help children face the emotional and physical hardships of long-term, debilitating treatment.

As stated on its FY2022 Form 990.

Programs

  1. Mikey's way day: a mikey's way day is when we visit select hospitals to distribute wi-fi ready, portable, electronic devices to children undergoing long-term treatment for cancer and other life-threatening illnesses. We go room to room with our "connection cart", meeting each child for an individual one on one experience. The children then pick the electronic device that works best for them. The gift is theirs to keep. We are inspired by our founder's vision to create an atmosphere of hope, excitement and encouragement for patients and their families as they struggle through the misery of long-term treatment.by keeping young minds active in something they enjoy and connected to friends and loved ones, patients are better able to tolerate the physical effects of long-treatment. Internet-ready electronic devices have become a vital tool to help children and teens cope, by providing both diversion and connection. Devices distributed include laptop computers, tablets, ipod touch, etc. These devices can also serve as counseling opportunities for hospital personnel as well as a means to direct care-givers to accurate post-procedure care. The nature of the electronics we distribute allow…

    $26,210 spent
    10% of program spending
  2. Mikey's wish list:through the mikey's wish list program, wishes can be fulfilled for pediatric patients who could not be reached on a mikey's way day. A child life specialist will assist the child in completing a mikey's wish list form for an appropriate electronic device. The form is either faxed or emailed to our office and the gift is packaged and mailed back to the patient within 24 to 36 hours.

    $235,886 spentof which $113,602 as grants
    90% of program spending

The 2 programs described on its FY2021 Form 990, listed largest first by expense. Program spending in total: $262,096.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($468k) Expenses 100 ($427k) Net assets 100 ($421k)2018 Revenue 95 ($447k) Expenses 107 ($456k) Net assets 98 ($413k)2019 Revenue 106 ($499k) Expenses 109 ($467k) Net assets 105 ($444k)2020 Revenue 67 ($313k) Expenses 80 ($340k) Net assets 99 ($417k)2021 Revenue 61 ($285k) Expenses 78 ($331k) Net assets 88 ($372k)2022 Revenue 61 ($285k) Expenses 73 ($313k) Net assets 82 ($344k)
201720182019202020212022
Revenue (61)Expenses (73)Net assets (82)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $417k to $372k (−11%).

$421k
$413k
$444k
$417k
$372k
$344k
201720182019202020212022
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 12% · 2021 10%. Grants only. Government contracts and fees sit inside program revenue.

100% of MIKEY'S WAY FOUNDATION INC’s revenue is contributions — more donation-reliant than the typical peer (87% for the typical peer).

This organization
Typical peer · 7,828 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 6 reported years ran a deficit.

$42k
’17
−$9k
’18
$32k
’19
−$27k
’20
−$45k
’21
−$28k
’22
13
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Leslie Friedman

CEO/president

As listed on its FY2022 Form 990.

201720182019202020212022
Listed15141213138
Joined·+2+0+1+0+0
No longer listed·32005
03Who funds it

Who funds it, year by year

2017 → 2023: the base held at 10 funders, grant income fell $65k → $48k.

6 of 24 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 21% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of MIKEY'S WAY FOUNDATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

MIKEY'S WAY FOUNDATION INC has a broad base — no single funder exceeds 17% of grant income, and it takes 4 funders to reach half.

the vertical line marks half of all grant income — 4 funders to its left

31% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MIKEY'S WAY FOUNDATION INC.

17%
largest funder
43%
top three
~11
effective funders

Largest funder’s share by year: 2017 31% · 2018 28% · 2019 35% · 2020 42% · 2021 40% · 2022 18% · 2023 25% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

32% of MIKEY'S WAY FOUNDATION INC's funders are still giving 3 years after their first grant; 63% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

52% of MIKEY'S WAY FOUNDATION INC's grant income comes from Connecticut funders.

IL
NY
CT
CA
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Connecticut out of state home

Funder states come from each funder’s own filing. $93k arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

MIKEY'S WAY FOUNDATION INC is better cushioned than half of the 6,420 philanthropy nonprofits its size.

Operating margin−10% · bottom quartile
Months of reserve13.1mo · above the median
Revenue growth (annualized)−9% · bottom quartile

this organization peer median middle 50% of peers· 6,420 philanthropy nonprofits $100k–$1M, FY2022

Organizations like MIKEY'S WAY FOUNDATION INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Connecticut

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

81% of spending goes to programs.

Program 81%Management 14%Fundraising 5%

Governance

7
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Public support

87%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

NY

Screen this organization

A dated, signed PDF of the compliance screen for MIKEY'S WAY FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds MIKEY'S WAY FOUNDATION INC?
MIKEY'S WAY FOUNDATION INC (Connecticut) receives grants from 24 organizations whose IRS filings report $443,179 to it, the largest being FRED R & HAZEL W CARSTENSEN MEMORIAL FOUNDATION INC ($73,750). 15 of them have funded it in more than one year.
How many funders does MIKEY'S WAY FOUNDATION INC have?
IRS filings report 24 organizations giving $443,179 in grants to MIKEY'S WAY FOUNDATION INC, 15 of which have funded it in more than one year.
Who is the largest funder of MIKEY'S WAY FOUNDATION INC?
FRED R & HAZEL W CARSTENSEN MEMORIAL FOUNDATION INC is the largest funder on record, with $73,750 in grants. The full list of funders is on this page.
How can an organization like MIKEY'S WAY FOUNDATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Connecticut. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Mikey's Way →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2022 (financials across 2017–2022), and the filings of 24 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing