Michigan Future Foundation
- Assets
- $385.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 05/2002
- Data as of
- 08/2023
- EIN
- 04-3599062
Organization Overview
Michigan Future Foundation is located in Lansing, MI. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Future Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Michigan Future Foundation generated $15.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $14.4k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (16.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
EDUCATE, PROMOTE AND ENCOURAGE CAREERS IN THE INDEPENDENT AGENCY SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Phillips Board Member | 0.5 | $0 | |
Jared Burhart Board Member | 1 | $0 | |
Jim Mcgrain Board Member | 0.5 | $0 | |
Ron Devers Board Member | 0.5 | $0 | |
Tim Fekete Board Member | 0.5 | $0 | |
John Olson Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,749 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12,600 |
| Gain or Loss | -$3,205 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $15,144 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,847 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,569 |
| Total expenses | $14,416 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,681 |
| Other assets | $0 |
| Total assets | $385,238 |
| Total liabilities | $2,856 |
| Net assets or fund balances | $382,382 |