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Nonprofiteer
← GROW BENZIE INC

Form 990 for tax year 2023

Filed by GROW BENZIE INC.

Totals

Total revenue
$389,440
Total expenses
$314,448
Contributions and grants received
$312,057
Grants paid
$0
Program service revenue
$52,842
Investment income
$0
Other revenue
$24,541
Total assets, end of year
$442,357
Total liabilities, end of year
$104,196
Net assets or fund balances, end of year
$338,161
Program services expenses (Part IX)
$274,284
Management and general expenses
$31,901
Fundraising expenses
$8,263
Program service expenses (Part III)
$274,284

Program services were 87.2% 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

    $16,015

  • 1f · All other contributions, gifts and grants

    $296,042

  • 2a · Program service revenue: RENTAL INCOME

    total $33,974 · related or exempt $33,974

  • 2b · Program service revenue: MISC INCOME

    total $17,648 · related or exempt $17,648

  • 2c · Program service revenue: MERCHANDISE

    total $1,220 · related or exempt $1,220

  • 8a · Fundraising events: gross income

    $47,935

  • 8b · Fundraising events: direct expenses

    $23,394

  • 8c · Net income from fundraising events

    total $24,541

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $81,538 · program services $81,538

  • 10 · Payroll taxes

    total $6,466 · program services $6,466

  • 11g · Fees: other

    total $1,329 · fundraising $1,329

  • 13 · Office expenses

    total $1,913 · program services $1,706 · management and general $207

  • 16 · Occupancy

    total $92,967 · program services $61,528 · management and general $31,439

  • 24a · Other expenses: CONTRACT LABOR

    total $83,692 · program services $83,692

  • 24b · Other expenses: ADVERTISING

    total $18,182 · program services $18,182

  • 24c · Other expenses: GRANT EXPENSE

    total $10,830 · program services $10,830

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $8,651 · program services $8,651

  • 24e · All other expenses

    total $8,880 · program services $1,691 · management and general $255 · fundraising $6,934

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $96,138 · end of year $146,504

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

    $454,188

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

    $158,335

  • 10c · Land, buildings and equipment, net

    beginning of year $307,890 · end of year $295,853

  • 19 · Deferred revenue

    beginning of year $2,792 · end of year $1,480

  • 24 · Unsecured notes and loans payable

    beginning of year $126,030 · end of year $102,716

  • 27 · Net assets without donor restrictions

    beginning of year $275,206 · end of year $338,161

Mission and programs · 2023

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 $274,284 · Revenue $52,842

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sally Blackburn

    SECRETARY/TR

    Total calculated
    $0

  • Kathy Grosso

    VICE PRESIDE

    Total calculated
    $0

  • Jane Klieve

    PRESIDENT

    Total calculated
    $0

  • Tom Stapleton

    DIRECTOR

    Total calculated
    $0

  • Jon Throop

    DIRECTOR

    Total calculated
    $0

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
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202433209349323988

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