What the amendment changed
Compared with the return it replaced , filed 29 February 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total revenue
- $1,976,301 changed to $1,982,440
- Total expenses
- $1,444,625 changed to $1,557,469
- Contributions and grants received
- $1,912,752 changed to $1,857,134
- Program service revenue
- $0 changed to $63,500
- Investment income
- $16 changed to -$17,727
- Other revenue
- $63,533 changed to $79,533
- Total assets, end of year
- $3,152,855 changed to $3,227,281
- Total liabilities, end of year
- $35,396 changed to $134,254
- Net assets or fund balances, end of year
- $3,117,459 changed to $3,093,027
- Program services expenses
- $1,213,482 changed to $1,073,645
- Management and general expenses
- $214,146 changed to $415,497
- Fundraising expenses
- $16,997 changed to $68,327
- Program service expenses (Part III)
- $1,213,482 changed to $1,073,645
Totals
- Total revenue
- $1,982,440
- Total expenses
- $1,557,469
- Contributions and grants received
- $1,857,134
- Grants paid
- $0
- Program service revenue
- $63,500
- Investment income
- -$17,727
- Other revenue
- $79,533
- Total assets, end of year
- $3,227,281
- Total liabilities, end of year
- $134,254
- Net assets or fund balances, end of year
- $3,093,027
- Program services expenses (Part IX)
- $1,073,645
- Management and general expenses
- $415,497
- Fundraising expenses
- $68,327
- Program service expenses (Part III)
- $1,073,645
Program services were 68.9% 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.
-
1e · Government grants (contributions)
$16,000
-
1f · All other contributions, gifts and grants
$1,841,134
-
2a · Program service revenue: PARK PROJECT
total $63,500 · related or exempt $63,500
-
3 · Investment income
total -$17,727 · related or exempt -$17,727
-
11a · Other revenue: MISCELLANEOUS
total $79,533 · related or exempt $79,533
-
11e · Other revenue, total
$79,533
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $749,282 · program services $471,359 · management and general $216,621 · fundraising $61,302
-
11f · Fees: investment management
total $3,715 · management and general $3,715
-
11g · Fees: other
total $339,816 · program services $261,292 · management and general $77,124 · fundraising $1,400
-
16 · Occupancy
total $18,710 · program services $18,641 · management and general $69
-
17 · Travel
total $15,481 · program services $1,775 · management and general $11,985 · fundraising $1,721
-
22 · Depreciation, depletion and amortization
total $16,894 · management and general $16,894
-
23 · Insurance
total $3,337 · management and general $3,337
-
24a · Other expenses: PROGRAM EXPENSES
total $202,248 · program services $190,475 · management and general $11,448 · fundraising $325
-
24b · Other expenses: OPERATING EXPENSES
total $86,957 · program services $53,589 · management and general $29,789 · fundraising $3,579
-
24c · Other expenses: BUSINESS EXPENSE
total $38,355 · program services $35,343 · management and general $3,012
-
24d · Other expenses: EQUIPMENT EXPENSE
total $35,813 · program services $19,269 · management and general $16,544
-
24e · All other expenses
total $46,861 · program services $21,902 · management and general $24,959
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,797,758 · end of year $1,469,163
-
4 · Accounts receivable
beginning of year $202,500 · end of year $56,591
-
9 · Prepaid expenses and deferred charges
end of year $7,240
-
10a · Land, buildings and equipment: cost or other basis
$1,527,985
-
10b · Land, buildings and equipment: accumulated depreciation
$45,099
-
10c · Land, buildings and equipment, net
beginning of year $424,899 · end of year $1,482,886
-
11 · Investments: publicly traded securities
beginning of year $185,911 · end of year $211,401
-
17 · Accounts payable and accrued expenses
beginning of year $13,097 · end of year $118,994
-
18 · Grants payable
beginning of year $17,000 · end of year $15,260
-
24 · Unsecured notes and loans payable
beginning of year $1,437
-
27 · Net assets without donor restrictions
beginning of year $597,300 · end of year $1,991,884
-
28 · Net assets with donor restrictions
beginning of year $1,982,234 · end of year $1,101,143
Mission and programs · 2022
Mission
THE ORGANIZATION EXISTS TO ENHANCE AND EXTEND EDUCATIONAL OPPORTUNITIES TO UNDERSERVED YOUTH THROUGH INNOVATIVE ENRICHMENT, MENTORSHIP AND ATHLETIC ACTIVITIES.
-
THE FATE PROGRAM WORKED WITH APPROXIMATELY 150 HIGH SCHOOL AND COLLEGE AGE STUDENTS PLUS OVER 90 MENTORS FROM THE UNIVERSITY OF MICHIGAN AND WORKING PROFESSIONAL COMMUNITY. EACH HIGH SCHOOL GRADE WORKED TOWARD A CAPSTONE PROJECT OFFERING SKILLS IN ENTREPRENEURSHIP, BUSINESS, DESIGN THINKING AND PROBLEM-SOLVING. ALUMNI STUDENTS PARTICIPATED IN VIRTUAL WORKSHOPS AND IN- PERSON SUMMITS TO EXTEND THEIR PERSONAL AND PROFESSIONAL DEVELOPMENT.
Expenses $1,073,645 · Revenue $1,976,301
As filed on the 2022 return.
Listed in Part VII
-
David MerrittDAVID MERRITT
PRESIDENT
- Total calculated
- $30,000
- From this org
- $30,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 15
-
Laura GrannemannLAURA GRANNEMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Niraj KapadiaNIRAJ KAPADIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tyler KirkhamTYLER KIRKHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kelly KozlowskiKELLY KOZLOWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Machelle McAdoryMACHELLE MCADORY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kyona McGheeKYONA MCGHEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jonathan MerrittJONATHAN MERRITT
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Chevelle RomanCHEVELLE ROMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ekpe UdohEKPE UDOH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kori ValentineKORI VALENTINE
DIRECTOR
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 July 2025
- IRS schema version
- 2022v5.0
- Source object
- 202533179349308218
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