Michigan Academy For The Development Of Entrepreneurs
- Assets
- $10.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- Data as of
- 07/2023
- EIN
- 82-2747633
Organization Overview
Michigan Academy For The Development Of Entrepreneurs is located in Ann Arbor, MI. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Academy For The Development Of Entrepreneurs 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 07/2023, Michigan Academy For The Development Of Entrepreneurs generated $50.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $50.7k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (12.4%) per year over the past 5 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
DEVELOPMENT AND TESTING OF BUSINESS ASSESSMENT TOOLS AND ENTREPRENEUR COACHING TOOLS FOR ENTREPRENEURSHIP DEVELOPMENT ORGANIZATIONS IN EMERGING ECONOMIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Clyde President/treasurer | 2 | $0 | |
Stewart Thornhill Secretary | 1 | $0 | |
Bharath Krishna Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,000 |
| 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 | $48,300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,360 |
| Total expenses | $50,660 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,369 |
| Other assets | $0 |
| Total assets | $10,369 |
| Total liabilities | $0 |
| Net assets or fund balances | $10,369 |