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Nonprofiteer
← MIDWEST INDEPENDENT RETAILERS FOUNDATION INC

Form 990 for tax year 2023

Filed by MIDWEST INDEPENDENT RETAILERS FOUNDATION INC.

Totals

Total revenue
-$74,612
Total expenses
$102,015
Contributions and grants received
$0
Grants paid
$57,571
Program service revenue
$0
Investment income
-$9,060
Other revenue
-$65,552
Total assets, end of year
$683,823
Total liabilities, end of year
$202,365
Net assets or fund balances, end of year
$481,458
Program services expenses (Part IX)
$65,321
Management and general expenses
$28,944
Fundraising expenses
$7,750
Program service expenses (Part III)
$65,321

Program services were 64.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $20,024 · excluded $20,024

  • 7b · Less cost or other basis and sales expenses

    securities $29,084

  • 7c · Gain or loss

    securities -$29,084

  • 7d · Net gain or loss

    total -$29,084 · excluded -$29,084

  • 8a · Fundraising events: gross income

    $154,253

  • 8b · Fundraising events: direct expenses

    $219,805

  • 8c · Net income from fundraising events

    total -$65,552 · excluded -$65,552

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $57,571 · program services $57,571

  • 5 · Compensation of officers, directors and key employees

    total $31,000 · program services $7,750 · management and general $15,500 · fundraising $7,750

  • 11c · Fees: accounting

    total $7,750 · management and general $7,750

  • 11g · Fees: other

    total $4,938 · management and general $4,938

  • 23 · Insurance

    total $453 · management and general $453

  • 24a · Other expenses: PRINTING

    total $303 · management and general $303

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,665 · end of year $134,156

  • 4 · Accounts receivable

    beginning of year $58,384 · end of year $31,040

  • 12 · Investments: other securities

    beginning of year $565,013 · end of year $518,627

  • 15 · Other assets

    beginning of year $1,850 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $89,848 · end of year $107,523

  • 25 · Other liabilities

    beginning of year $30,791 · end of year $94,842

  • 27 · Net assets without donor restrictions

    beginning of year $562,273 · end of year $481,458

Mission and programs · 2023

Mission

PROVIDING SCHOLARSHIPS TO DESERVING STUDENTS; TO PROMOTE CONTINUING EDUCATION; TO SUPPORT PROGRAMS IN HIGH SCHOOLS, TECHNICAL CENTERS VOCATIONAL SCHOOLS, COLLEGES, AND UNIVERSITIES; TO FURTHER COMMUNITY ENRICHMENT THROUGH SUPPORT OF AREA CHARITABLE ORGANIZATIONS' ACTIVITIES THAT CANNOT BE CONDUCTED IN-HOUSE DUE TO FUNDING AND INFRASTRUCTURE LIMITATIONS. TO EDUCATE THE PUBLIC IN CONJUNCTION WITH THE MICHIGAN DEPARTMENT OF AGRICULTURE AND OTHERS REGARDING THE BENEFITS OF BUYING LOCAL AND EATING FRESH PRODUCE. TO PROVIDE MORE THAN 6,000 NEEDY FAMILIES THROUGHOUT MICHIGAN, OHIO, AND ILLINOIS WITH A TURKEY FOR THANKSGIVING. TO INFORM THE PUBLIC REGARDING CHANGES TO FOOD ASSISTANCE PROGRAMS/BENEFITS. TO ENCOURAGE ACCESS TO HEALTHY, FRESH AND SUSTAINABLY GROWN FOOD.

Activities or mission (Part I)

PROVIDING SCHOLARSHIPS TO DESERVING STUDENTS; TO PROMOTE CONTINUING EDUCATION; TO SUPPORT PROGRAMS IN HIGH SCHOOLS, TECHNICAL CENTERS VOCATIONAL SCHOOLS, COLLEGES, AND UNIVERSITIES; TO FURTHER COMMUNITY ENRICHMENT THROUGH SUPPORT OF AREA CHARITABLE ORGANIZATIONS' ACTIVITIES THAT CANNOT BE CONDUCTED IN-HOUSE DUE TO FUNDING AND INFRASTRUCTURE LIMITATIONS. TO EDUCATE THE PUBLIC IN CONJUNCTION WITH THE MICHIGAN DEPARTMENT OF AGRICULTURE AND OTHERS REGARDING THE BENEFITS OF BUYING LOCAL AND EATING FRESH PRODUCE. TO INFORM THE PUBLIC REGARDING CHANGES TO FOOD ASSISTANCE PROGRAMS/BENEFITS. TO ENCOURAGE ACCESS TO HEALTHY, FRESH AND SUSTAINABLY GROWN FOOD.

  • THE ORGANIZATION GRANTED 35 SCHOLARSHIPS TO DESERVING HIGH SCHOOL GRADUATES AS SELECTED BY AN INDEPENDENT THIRD PARTY TO PROMOTE EDUCATION AND GROWTH AT THE INDIVIDUAL AND COMMUNITY LEVELS.

    Expenses $57,571 · Grants $57,571

  • THE ORGANIZATION GRANTED MORE THAN 6,000 TURKEY'S TO MORE THAN 6,000 NEEDY FAMILIES THROUGHOUT MICHIGAN, OHIO, AND ILLINOIS.

    Expenses $7,750

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Clifton Denha

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • John Denha

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Nabby Yono

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Paul Elhindi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Bill Wild

    CHAIRMAN

    Total calculated
    $196,298
    From this org
    $0
    From related orgs
    $188,558
    Other
    $7,740
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,558 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,740 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $196,298 related

  • Ken Hayward

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Khalil Rahal

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Vanessa Denha-Garmo

    SECRETRAY

    Total calculated
    $0
    Hours/week
    2

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, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202413179349300811

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