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Nonprofiteer
← PEDALS MICHIGAN

Form 990 for tax year 2023

Filed by PEDALS MICHIGAN.

Totals

Total revenue
$67,649
Total expenses
$973,324
Contributions and grants received
$0
Grants paid
$36,500
Program service revenue
$0
Investment income
$67,649
Other revenue
$0
Total assets, end of year
$2,001,595
Total liabilities, end of year
$180,272
Net assets or fund balances, end of year
$1,821,323
Program services expenses (Part IX)
$748,751
Management and general expenses
$224,573
Fundraising expenses
$0
Program service expenses (Part III)
$748,751

Program services were 76.9% 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.

  • 3 · Investment income

    total $67,649 · excluded $67,649

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $36,500 · program services $36,500

  • 7 · Other salaries and wages

    total $585,959 · program services $468,767 · management and general $117,192

  • 8 · Pension plan contributions

    total $13,541 · program services $10,833 · management and general $2,708

  • 9 · Other employee benefits

    total $37,051 · program services $29,641 · management and general $7,410

  • 10 · Payroll taxes

    total $44,729 · program services $35,784 · management and general $8,945

  • 11b · Fees: legal

    total $1,261 · program services $1,009 · management and general $252

  • 11f · Fees: investment management

    total $2,774 · management and general $2,774

  • 11g · Fees: other

    total $52,726 · program services $43,192 · management and general $9,534

  • 12 · Advertising and promotion

    total $39,487 · program services $31,590 · management and general $7,897

  • 13 · Office expenses

    total $38,336 · program services $30,669 · management and general $7,667

  • 14 · Information technology

    total $5,515 · program services $4,412 · management and general $1,103

  • 19 · Conferences, conventions and meetings

    total $37,945 · program services $30,356 · management and general $7,589

  • 23 · Insurance

    total $25,010 · program services $25,010

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $51,255 · management and general $51,255

  • 24b · Other expenses: MEMBERSHIP DUES

    total $70 · program services $56 · management and general $14

  • 24e · All other expenses

    total $1,165 · program services $932 · management and general $233

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,790,680 · end of year $1,498,564

  • 2 · Savings and temporary cash investments

    end of year $503,031

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $63,682 · end of year $143,772

  • 18 · Grants payable

    end of year $36,500

  • 27 · Net assets without donor restrictions

    beginning of year $2,726,998 · end of year $1,821,323

Mission and programs · 2023

Mission

PEDALS WORKS HAND IN HAND WITH EARLY CHILDHOOD PROFESSIONALS TO NURTURE CHILDREN'S POSITIVE SOCIAL EMOTIONAL DEVELOPMENT TO BUILD A STRONG FOUNDATION FOR ALL LEARNING.

Activities or mission (Part I)

PEDALS MICHIGAN WAS ESTABLISHED IN NOVEMBER 2017 AS A SUPPORTING ORGANIZATION TO THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN (CFSEM). THE MISSION OF CFSEM IS TO BUILD THE RESOURCES, RELATIONSHIPS AND EXPERTISE REQUIRED TO EXPAND EQUITABLE ACCESS TO OPPORTUNITIES. CFSEM'S MISSION IS TO MAKE SOUTHEAST MICHIGAN A DESIRABLE PLACE TO LIVE, WORK AND PLAY FOR ALL RESIDENTS, TODAY AND TOMORROW.

  • PEDALS WORKS HAND IN HAND WITH EARLY CHILDHOOD PROFESSIONALS TO NURTURE CHILDREN'S POSITIVE SOCIAL EMOTIONAL DEVELOPMENT TO BUILD A STRONG FOUNDATION FOR ALL LEARNING INCLUDING: SECOND STEP - AN EVIDENCE-BASED CURRICULUM, ASQ-SE - A VALIDATED SCREENING TOOL FOR SOCIAL EMOTIONAL DEVELOPMENT, IN-CLASSROOM COACHING BY EARLY CHILDHOOD EXPERTS FOR TEACHERS AND STAFF, AND DATA-BASED SUSTAINABILITY PLANNING FOR ADMINISTRATORS.

    Expenses $748,751 · Grants $36,500

As filed on the 2023 return.

Listed in Part VII

  • Richard L Devore

    PRESIDENT

    Total calculated
    $690,131
    From this org
    $0
    From related orgs
    $638,226
    Other
    $51,905
    Hours/week
    0.5 + 48.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $625,916 related
    Bonus
    $0 + $2,500 related
    Other
    $0 + $9,810 related
    Deferred
    $0 + $31,619 related
    Nontaxable benefits
    $0 + $20,286 related
    Filer's total
    $0 + $690,131 related

  • James B Nicholson

    CHAIR (END 08/23)

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • Mary H Weiser

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • David T Provost

    CHAIR (BEG 08/23)

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Jenilyn Norman

    VP, FINANCE AND ADMINISTRATION

    Total calculated
    $279,354
    From this org
    $0
    From related orgs
    $244,708
    Other
    $34,646
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,258 related
    Bonus
    $0
    Other
    $0 + $450 related
    Deferred
    $0 + $25,032 related
    Nontaxable benefits
    $0 + $9,614 related
    Filer's total
    $0 + $279,354 related

  • Kathryn G Brisson

    VP, PROGRAM

    Total calculated
    $273,055
    From this org
    $0
    From related orgs
    $229,290
    Other
    $43,765
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,600 related
    Bonus
    $0
    Other
    $0 + $690 related
    Deferred
    $0 + $22,907 related
    Nontaxable benefits
    $0 + $20,858 related
    Filer's total
    $0 + $273,055 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

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
202413209349311566

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