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Nonprofiteer
← GROW BENZIE INC

Form 990 for tax year 2025

Filed by GROW BENZIE INC.

Totals

Total revenue
$430,788
Total expenses
$414,523
Contributions and grants received
$391,824
Grants paid
$0
Program service revenue
$38,964
Investment income
$0
Other revenue
$0
Total assets, end of year
$474,580
Total liabilities, end of year
$93,982
Net assets or fund balances, end of year
$380,598
Program services expenses (Part IX)
$334,919
Management and general expenses
$55,465
Fundraising expenses
$24,139
Program service expenses (Part III)
$334,919

Program services were 80.8% 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.

  • 1b · Membership dues

    $10,310

  • 1f · All other contributions, gifts and grants

    $381,514

  • 2a · Program service revenue: RENTAL INCOME

    total $36,138 · related or exempt $36,138

  • 2b · Program service revenue: MISC INCOME

    total $1,531 · related or exempt $1,531

  • 2c · Program service revenue: MERCHANDISE

    total $1,295 · related or exempt $1,295

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $123,129 · program services $104,660 · management and general $12,313 · fundraising $6,156

  • 9 · Other employee benefits

    total $14,683 · program services $12,481 · management and general $1,468 · fundraising $734

  • 10 · Payroll taxes

    total $9,857 · program services $8,378 · management and general $986 · fundraising $493

  • 11g · Fees: other

    total $47,288 · program services $40,195 · management and general $7,093

  • 12 · Advertising and promotion

    total $2,413 · fundraising $2,413

  • 16 · Occupancy

    total $22,265 · program services $16,521 · management and general $5,744

  • 20 · Interest

    total $5,556 · program services $2,778 · management and general $2,778

  • 22 · Depreciation, depletion and amortization

    total $9,725 · program services $8,266 · management and general $1,459

  • 23 · Insurance

    total $14,830 · program services $7,415 · management and general $7,415

  • 24a · Other expenses: SERVICE EXPENSE

    total $64,308 · program services $64,308

  • 24b · Other expenses: OPERATING SUPPLIES

    total $43,521 · program services $36,993 · management and general $6,528

  • 24c · Other expenses: REPAIRS

    total $14,801 · program services $14,801

  • 24d · Other expenses: FUNDRAISING EVENT EXPEN

    total $14,343 · fundraising $14,343

  • 24e · All other expenses

    total $27,804 · program services $18,123 · management and general $9,681

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $172,443 · end of year $159,950

  • 10a · Land, buildings and equipment: cost or other basis

    $493,408

  • 10b · Land, buildings and equipment: accumulated depreciation

    $178,778

  • 10c · Land, buildings and equipment, net

    beginning of year $285,135 · end of year $314,630

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,954 · end of year $2,882

  • 24 · Unsecured notes and loans payable

    beginning of year $89,293 · end of year $91,100

  • 27 · Net assets without donor restrictions

    beginning of year $310,199 · end of year $319,125

  • 28 · Net assets with donor restrictions

    beginning of year $54,132 · end of year $61,473

Mission and programs · 2025

Mission

GROW BENZIE IS A PROSPERITY INCUBATOR FOR BENZIE COUNTY, MICHIGAN - A MULTIPLIER FOR GOOD. MISSION IS TO STRENGTHEN COMMUNITY PROSPERITY AND WELL-BEING BY FOCUSING ON SYSTEMIC ACTION THAT FOSTERS COLLABORATION, REDUCES DUPLICATION AND AMPLIFIES SHARED IMPACT. THREE KEY IMPACT AREAS; SERVING AS THE FISCAL SPONSOR/BACKBONE ORGANIZATION PROVIDING SERVICES FOR SMALL NONPROFITS, KEY COLLABORATIVE LEADER OR PARTNER IN REGIONAL INITIATIVES, AND HOST FOR FOOD AND FARMING ENTREPRENEURS.

  • GROW BENZIE IS A PROSPERITY INCUBATOR FOR BENZIE COUNTY, MICHIGAN - A MULTIPLIER FOR GOOD. MISSION IS TO STRENGTHEN COMMUNITY PROSPERITY AND WELL-BEING BY FOCUSING ON SYSTEMIC ACTION THAT FOSTERS COLLABORATION, REDUCES DUPLICATION AND AMPLIFIES SHARED IMPACT. THREE KEY IMPACT AREAS; SERVING AS THE FISCAL SPONSOR/BACKBONE ORGANIZATION PROVIDING SERVICES FOR SMALL NONPROFITS, KEY COLLABORATIVE LEADER OR PARTNER IN REGIONAL INITIATIVES, AND HOST FOR FOOD AND FARMING ENTREPRENEURS.

    Expenses $334,919

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jane Klieve

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Kathy Grosso

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Lauren Church

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Tom Stapleton

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Jon Throop

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Heather Brands

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kristin Tebo

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
7 April 2026
IRS schema version
2025v4.0
Source object
202611039349301436

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