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Nonprofiteer
← MIDWEST INDEPENDENT RETAILERS FOUNDATION INC

Form 990 for tax year 2024

Filed by MIDWEST INDEPENDENT RETAILERS FOUNDATION INC.

Totals

Total revenue
$225,249
Total expenses
$128,340
Contributions and grants received
$188,790
Grants paid
$53,904
Program service revenue
$0
Investment income
$41,189
Other revenue
-$4,730
Total assets, end of year
$622,461
Total liabilities, end of year
$63,783
Net assets or fund balances, end of year
$558,678
Program services expenses (Part IX)
$78,978
Management and general expenses
$41,612
Fundraising expenses
$7,750
Program service expenses (Part III)
$78,978

Program services were 61.5% 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.

  • 1c · Fundraising events

    $36,300

  • 1f · All other contributions, gifts and grants

    $152,490

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $20,117 · excluded $20,117

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $215,849

  • 7b · Less cost or other basis and sales expenses

    securities $194,777

  • 7c · Gain or loss

    securities $21,072 · other assets $0

  • 7d · Net gain or loss

    total $21,072 · excluded $21,072

  • 8a · Fundraising events: gross income

    $24,175

  • 8a · Fundraising events: contributions included on line 1c

    $36,300

  • 8b · Fundraising events: direct expenses

    $38,905

  • 8c · Net income from fundraising events

    total -$14,730 · excluded -$14,730

  • 11a · Other revenue: OTHER INCOME

    total $10,000 · excluded $10,000

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $10,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,500 · program services $2,500

  • 2 · Grants to domestic individuals

    total $51,404 · program services $51,404

  • 5 · Compensation of officers, directors and key employees

    total $31,000 · program services $7,750 · management and general $15,500 · fundraising $7,750

  • 11c · Fees: accounting

    total $4,991 · management and general $4,991

  • 11g · Fees: other

    total $641 · program services $0 · management and general $641 · fundraising $0

  • 12 · Advertising and promotion

    total $9,800 · management and general $9,800

  • 13 · Office expenses

    total $250 · management and general $250

  • 24a · Other expenses: TURKEY DRIVE AND MISC EXPENSES

    total $17,324 · program services $17,324

  • 24b · Other expenses: BAD DEBT WRITE OFF

    total $8,569 · management and general $8,569

  • 24c · Other expenses: STATE AND LOCAL TAX

    total $1,705 · management and general $1,705

  • 24d · Other expenses: MISC EXPENSES

    total $156 · management and general $156

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $134,156 · end of year $68,932

  • 4 · Accounts receivable

    beginning of year $31,040 · end of year $295

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $3,500

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $518,627 · end of year $538,044

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $11,690

  • 17 · Accounts payable and accrued expenses

    beginning of year $107,523 · end of year $63,783

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $94,842 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $481,458 · end of year $558,678

Mission and programs · 2024

Mission

PROVIDING SCHOLARSHIPS TO DESERVING STUDENTS; TO PROMOTE CONTINUING EDUCATION; TO SUPPORT PROGRAMS IN HIGH SCHOOLS, TECHNICAL CENTERS VOCATIONAL SCHOOLS, COLLEGES, AND UNIVERSITIES; TO FURTHER COMMUNITY ENRICHMENT THROUGH SUPPORT OF AREA CHARITABLE ORGANIZATIONS' ACTIVITIES THAT CANNOT BE CONDUCTED IN-HOUSE DUE TO FUNDING AND INFRASTRUCTURE LIMITATIONS. TO EDUCATE THE PUBLIC IN CONJUNCTION WITH THE MICHIGAN DEPARTMENT OF AGRICULTURE AND OTHERS REGARDING THE BENEFITS OF BUYING LOCAL AND EATING FRESH PRODUCE. TO PROVIDE MORE THAN 6,000 NEEDY FAMILIES THROUGHOUT MICHIGAN, OHIO AND ILLINOIS WITH A TURKEY FOR THANKSGIVING. TO INFORM THE PUBLIC REGARDING CHANGES TO FOOD ASSISTANCE PROGRAMS/BENEFITS. TO ENCOURAGE ACCESS TO HEALTHY, FRESH AND SUSTAINABLY GROWN FOOD.

Activities or mission (Part I)

PROVIDING SCHOLARSHIPS TO DESERVING STUDENTS; TO PROMOTE CONTINUING EDUCATION; TO SUPPORT PROGRAMS IN HIGH SCHOOLS, TECHNICAL CENTERS VOCATIONAL SCHOOLS, COLLEGES, AND UNIVERSITIES; TO FURTHER COMMUNITY ENRICHMENT THROUGH SUPPORT OF AREA CHARITABLE ORGANIZATIONS' ACTIVITIES THAT CANNOT BE CONDUCTED IN-HOUSE DUE TO FUNDING AND INFRASTRUCTURE LIMITATIONS. TO EDUCATE THE PUBLIC IN CONJUNCTION WITH THE MICHIGAN DEPARTMENT OF AGRICULTURE AND OTHERS REGARDING THE BENEFITS OF BUYING LOCAL AND EATING FRESH PRODUCE. TO INFORM THE PUBLIC REGARDING CHANGES TO FOOD ASSISTANCE PROGRAMS/BENEFITS. TO ENCOURAGE ACCESS TO HEALTHY, FRESH AND SUSTAINABLY GROWN FOOD.

  • THE ORGANIZATION GRANTED 22 SCHOLARSHIPS TO DESERVING HIGH SCHOOL GRADUATES AS SELECTED BY AN INDEPENDENT THIRD PARTY TO PROMOTE EDUCATION AND GROWTH AT THE INDIVIDUAL AND COMMUNITY LEVELS.

    Expenses $53,904 · Grants $53,904

  • THE ORGANIZATION GRANTED MORE THAN 6,000 TURKEYS TO MORE THAN 6,000 NEEDY FAMILIES THROUGHOUT MICHIGAN, OHIO AND ILLINOIS

    Expenses $25,074

As filed on the 2024 return.

Listed in Part VII

  • Bill Wild

    CHAIRMAN

    Total calculated
    $186,904
    From this org
    $0
    From related orgs
    $166,490
    Other
    $20,414
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,490 related
    Bonus
    $0 + $30,000 related
    Other
    $0
    Deferred
    $0 + $6,760 related
    Nontaxable benefits
    $0 + $13,654 related
    Filer's total
    $0 + $186,904 related

  • Clifton Denha

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Vanessa Denha

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3

  • Bobby Hesano

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • George Holton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • John Denha

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Khalil Rahal

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Nabby Yono

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Paul Elhindi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 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

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
2024
Filed
13 November 2025
IRS schema version
2024v5.1
Source object
202503179349310185

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