Form 990 for tax year 2023
Filed by MIDLAND BUSINESS ALLIANCE FOUNDATION.
Totals
- Total revenue
- $4,986,528
- Total expenses
- $2,929,108
- Contributions and grants received
- $3,561,293
- Grants paid
- $0
- Program service revenue
- $820,953
- Investment income
- $162,525
- Other revenue
- $441,757
- Total assets, end of year
- $9,680,909
- Total liabilities, end of year
- $1,143,727
- Net assets or fund balances, end of year
- $8,537,182
- Program services expenses (Part IX)
- $2,674,386
- Management and general expenses
- $254,722
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,674,386
Program services were 91.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
TONY STAMAS
PRESIDENT
- Total calculated
- $250,525
- From this org
- $0
- From related orgs
- $228,861
- Other
- $21,664
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $228,861 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $14,743 related
- Nontaxable benefits
- not reported + $6,921 related
- Filer's total
- not reported + $250,525 related
-
ROGER CHAMBERLIN
CFO
- Total calculated
- $144,693
- From this org
- $0
- From related orgs
- $120,505
- Other
- $24,188
- Hours/week
- 1 + 40 related
-
MARK BONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DIANE BRISTOL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JENNI BUSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROB CHADWICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRYAN CROSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT DAVIES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARY DRAVES
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
JW FISHER
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
HEATHER GALLEGOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LISA GERSTACKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRIDGETTE GRANSDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CAL IEUTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
WENDY KANAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRAD KAYE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LEE ANN KELLER
SECRETARY/TR
- Total calculated
- $0
- Hours/week
- 1
-
KIM KRANTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TIM LACEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CRAIG LANG
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
LAURA MCINTIRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MADHU RISHI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JORDAN SUMMERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KELLY WEHNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MIKE WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SHAWN WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
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
The filer's explanations (Part III)
- SCHEDULE J, PAGE 1, PART I, LINE 3
- BOARD OF DIRECTORS DETERMINES PRESIDENT'S PAY THROUGH COLLABORATIVE INPUT. ONCE COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS, A WRITTEN EMPLOYMENT CONTRACT IS OBTAINED.
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.
-
501C4 · PROMOTION · MI
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
IT SERVICE · MI · income $1,004,810 · assets $636,127
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
C CORP · CREDIT COL · MI · share of income $2,570,343 · share of assets $1,885,246
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202432919349300518
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