Totals
- Total revenue
- $3,201,547
- Total expenses
- $658,488
- Contributions and grants received
- $3,151,811
- Grants paid
- $605,213
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $49,736
- Total assets, end of year
- $2,670,368
- Total liabilities, end of year
- $11,651
- Net assets or fund balances, end of year
- $2,658,717
- Program services expenses (Part IX)
- $605,213
- Management and general expenses
- $53,275
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $605,213
Program services were 91.9% 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.
-
1d · Related organizations
$2,775,000
-
1f · All other contributions, gifts and grants
$376,811
-
9a · Gaming: gross income
$134,760
-
9b · Gaming: direct expenses
$85,024
-
9c · Net income from gaming
total $49,736 · unrelated business $49,736
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $605,213 · program services $605,213
-
11b · Fees: legal
total $36,781 · management and general $36,781
-
12 · Advertising and promotion
total $258 · management and general $258
-
13 · Office expenses
total $6,709 · management and general $6,709
-
24a · Other expenses: MISCELLANEOUS EXPENSE
total $9,527 · management and general $9,527
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $186,107 · end of year $170,368
-
13 · Investments: program-related
end of year $2,500,000
-
17 · Accounts payable and accrued expenses
beginning of year $11,276 · end of year $6,456
-
18 · Grants payable
beginning of year $53,735 · end of year $0
-
25 · Other liabilities
beginning of year $5,438 · end of year $5,195
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $115,658 · end of year $2,658,717
Mission and programs · 2023
Mission
OUR MISSION IS TO EMPOWER MEMBERS, EMPLOYEES, AND OTHER BUSINESSES TO CONTRIBUTE TO A UNIVERSAL WELLBEING BY INVESTING IN OUR LOCAL COMMUNITIES AND HELPING THEM FLOURISH.
-
ARTS & CULTURE: SUPPORTS THEATER, THE VISUAL ARTS, AND ARTISTS TO ESTABLISH AND PROMOTE CREATIVITY. 4 ORGANIZATIONS SERVED.STABLE HOUSING: ENSURES SUPPORT FOR ALL COMMUNITY MEMBERS IN SECURING RELIABLE AND SAFE SHELTER. 7 ORGANIZATIONS SERVED.EMPOWERING YOUTH: REMOVES BARRIERS FOR YOUTH TO SHARE THEIR IDEAS AND EMPOWERS FUTURE LEADERS. 5 ORGANIZATIONS SERVED.FINANCIAL EDUCATION: ENGAGES AND EDUCATES COMMUNITY MEMBERS TO TAKE CHARGE OF THEIR FINANCES. 2 ORGANIZATIONS SERVED.FOSTERING ENTREPRENEURIALISM: EMPOWERS AND EDUCATES ENTREPRENEURS TO DEVELOP SKILLS AND EXPLORE PROGRAMS. 2 ORGANIZATIONS SERVED.
Expenses $605,213 · Grants $605,213
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ernest BettsERNEST BETTS
CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
Angela BrownANGELA BROWN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
Elliot DanielsELLIOT DANIELS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
Elizabeth LawrenceELIZABETH LAWRENCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
Diane Ottarson-LandryDIANE OTTARSON-LANDRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
Daniel SpadaforeDANIEL SPADAFORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
Dylan MinorDYLAN MINOR
DIRECTOR - PART YEAR
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
Susanne ElkinsSUSANNE ELKINS
EXECUTIVE DIRECTOR - PART YEAR
- Total calculated
- $268,161
- From this org
- $0
- From related orgs
- $237,907
- Other
- $30,254
- Hours/week
- 8 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $237,907 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $23,791 related
- Nontaxable benefits
- $0 + $6,463 related
- Filer's total
- $0 + $268,161 related
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
-
$100,000
EMPOWERING YOUTH
-
STABLE HOUSING
-
$50,000
ARTS & CULTURE
-
$47,965
STABLE HOUSING
-
$46,828
STABLE HOUSING
-
$39,253
EMPOWERING YOUTH
-
$39,108
FINANCIAL EDUCATION
-
$30,557
STABLE HOUSING
-
$30,000
FOSTERING ENTREPRENEURSHIP
-
$25,000
FINANCIAL EDUCATION
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION
501(C)(1) · CREDIT UNION · 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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
VERTE INVESTMENTS LLC
C · TO SUPPORT MINORITY INVESTMENT IN REDEVELOPMENT PROJECTS · MI · 100% owned · share of assets $2,500,000 · controlled entity
Directly controlled by DESK DRAWER FUND
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 20 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432399349300908
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.