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Nonprofiteer
← ADVANCING MACOMB FOUNDATION INC

Form 990 for tax year 2023

Filed by ADVANCING MACOMB FOUNDATION INC.

Totals

Total revenue
$1,384,777
Total expenses
$337,018
Contributions and grants received
$1,384,777
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,277,378
Total liabilities, end of year
$80,406
Net assets or fund balances, end of year
$1,196,972
Program services expenses (Part IX)
$270,519
Management and general expenses
$39,113
Fundraising expenses
$27,386
Program service expenses (Part III)
$270,519

Program services were 80.3% 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.

  • 1f · All other contributions, gifts and grants

    $1,384,777

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $100,000 · program services $70,000 · management and general $10,000 · fundraising $20,000

  • 7 · Other salaries and wages

    total $7,656 · program services $5,359 · management and general $766 · fundraising $1,531

  • 10 · Payroll taxes

    total $8,814 · program services $6,170 · management and general $881 · fundraising $1,763

  • 11c · Fees: accounting

    total $21,391 · management and general $21,391

  • 11g · Fees: other

    total $12,335 · program services $7,308 · management and general $2,939 · fundraising $2,088

  • 12 · Advertising and promotion

    total $25,199 · program services $25,199

  • 13 · Office expenses

    total $757 · program services $681 · management and general $76

  • 16 · Occupancy

    total $3,060 · management and general $3,060

  • 19 · Conferences, conventions and meetings

    total $223 · program services $223

  • 23 · Insurance

    total $5,320 · program services $5,320

  • 24a · Other expenses: PROGRAM ACTIVITIES

    total $150,259 · program services $150,259

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,004 · fundraising $2,004

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $92,261 · end of year $637,317

  • 4 · Accounts receivable

    beginning of year $97,491 · end of year $542,570

  • 15 · Other assets

    beginning of year $0 · end of year $97,491

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,273 · end of year $80,406

  • 27 · Net assets without donor restrictions

    beginning of year $87,479 · end of year $149,213

  • 28 · Net assets with donor restrictions

    beginning of year $60,000 · end of year $1,047,759

Mission and programs · 2023

Mission

TO STRENGTHEN MACOMB COUNTY BY CONNECTING COMMUNITY CHALLENGES WITH HIGH IMPACT SOLUTIONS

  • ADVANCING MACOMB FOCUSED ON EMPOWERING COMMUNITY GROUPS IN MOUNT CLEMENS, THE COUNTY SEAT, TO FIND INNOVATIVE SOLUTIONS TO CHANGE THE NARRATIVE OF THE CITY AND IMPROVE QUALITY OF LIFE. THE CHALLENGES BROUGHT ON BY COVID-19 ALSO AMPLIFIED THE NEED FOR SUPPORT FOR THE NONPROFIT SECTOR AND THE RAPID DEPLOYMENT OF RESOURCES THROUGHOUT THE COUNTY.

    Expenses $270,519 · Revenue $1,384,777

As filed on the 2023 return.

Listed in Part VII

  • Diane Banks

    EXECUTIVE DIRECTOR

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

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
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349328507

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