Capitol Collective
- Assets
- $5.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- East Lansing, MI
- Founding
- 02/2013
- Data as of
- 09/2023
- EIN
- 27-2406103
Organization Overview
Capitol Collective is located in East Lansing, MI. The organization was established in 2013. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capitol Collective is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2023, Capitol Collective generated $159.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $172.1k during the year ending 09/2023. While expenses have increased by 5.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
THE LANSING 5:01 PROGRAM ATTRACTS AND RETAINS EMERGING PROFESSIONALS TO THE LANSING COMMUNITY THROUGH UNIQUE PROGRAMS, EXPERIENTIAL EVENTS, AND PLACE-BASED MARKETING INITIATIVES. LANSING 5:01 WELCOMED MORE THAN 10,000 ATTENDEES CUMULATIVELY ACROSS 3 LARGE SCALE IN-PERSON FESTIVALS AND 11 IN-PERSON GRAND RIVER CONNECTION EVENTS IN FY 22-23. OUR ANNUAL DAM JAM MUSIC FESTIVAL TOOK PLACE IN JULY 2023 IN OLD TOWN LANSING AT THE FISH LADDER, AND WELCOMED THOUSANDS OF PEOPLE OVER MULTIPLE NIGHTS, INCLUDING 16 MICHIGAN-BASED PERFORMING ARTISTS AND BANDS. WE ALSO PARTNERED WITH THE CITY OF EAST LANSING TO CO-HOST THE EAST LANSING EXTRAVAGRANDZA, A STREET FESTIVAL DESIGNED TO INTRODUCE THOUSANDS OF MSU STUDENTS TO DOWNTOWN EAST LANSING THROUGH ACTIVITIES, LIVE MUSIC, AND MULTIPLE STAGES IN VALLEY COURT AND ALBERT ST. LANSING 5:01 CONTINUES TO POSITION OUR WEBSITE, LANSING501.COM, AS THE PREMIUM PLATFORM FOR EMPLOYERS, RECRUITERS, AND EMERGING TALENT THAT IS CONSIDERING THE OPPORTUNITIES FOR LIVING AND WORKING IN THE LANSING REGION. WE ALSO CONFIRMED A PARTNERSHIP WITH HUNDRED PLACE CONSULTANTS AND REDHEAD CREATIVE TO COLLABORATE ON A DIGITAL ADVERTISING CAMPAIGN DIRECTED AT PROSPECTIVE TALENT, LEVERAGING OUR WEBSITE AND DIGITAL CONTENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Audrey Tipper Director | 5 | $0 | |
Jeff Smith Director | 5 | $0 | |
Paul Jaques Director | 5 | $0 | |
Tim Schmidt Director | 5 | $0 | |
Alyssa Peter Director | 5 | $0 | |
Lesley Gottschalk Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,779 |
| Total Program Service Revenue | $37,407 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $159,186 |
| 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 | $41,305 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $130,804 |
| Total expenses | $172,109 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,036 |
| Other assets | $0 |
| Total assets | $5,036 |
| Total liabilities | $0 |
| Net assets or fund balances | $5,036 |