Michigan Foster Care Closet
- Assets
- $170.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 01/2018
- Data as of
- 12/2023
- EIN
- 82-3351245
Organization Overview
Michigan Foster Care Closet is located in Ann Arbor, MI. The organization was established in 2018. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Foster Care Closet 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 12/2023, Michigan Foster Care Closet generated $169.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $143.3k during the year ending 12/2023. While expenses have increased by 16.8% per year over the past 4 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
PROVIDING SUPPLEMENTAL SUPPORT SERVICES AND AID TO MANY FOSTER CARE CLIENTS WHO CURRENTLY ARE STILL IN THE SYSTEM OR HAVE NOW GONE ON THEIR OWN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Field President | 0 | $0 | |
Heather Wing Vice President | 0 | $0 | |
Linda Dillon Secretary | 0 | $0 | |
Jennie Sharp Director | 0 | $0 | |
Irene Grabowski Treasurer Current | 0 | $0 | |
Lynda Cooney Board Member At Larg | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,244 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,152 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $169,396 |
| 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 | $3,684 |
| Occupancy, rent, utilities, and maintenance | $47,371 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $35,722 |
| Total expenses | $143,289 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $170,582 |
| Other assets | $0 |
| Total assets | $170,582 |
| Total liabilities | $0 |
| Net assets or fund balances | $170,582 |