Reset Ventures Inc
- Assets
- $1.6m
- Revenue
- $81.0
- Investments
- $0.0
- Employees
- 0
- Location
- Muskegon, MI
- Founding
- 02/2020
- Data as of
- 12/2022
- EIN
- 83-3400356
Organization Overview
Reset Ventures Inc is located in Muskegon, MI. The organization was established in 2020. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reset Ventures Inc 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 12/2022, Reset Ventures Inc generated $81.0 in total revenue.
Since 2022, Reset Ventures Inc has awarded 17 individual grants totaling $543,933. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE BELOW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad W Playford President | 0 | $0 | |
Kyle T Pett Treasurer | 0 | $0 | |
Joseph S Bush Secretary | 0 | $0 | |
Shannon R Chester Director | 0 | $0 | |
Kathleen Playford Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $81 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,105 |
| Depreciation | $37,589 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $89,240 |
| Total operating and administrative expenses | $163,474 |
| Contributions, gifts, grants paid | $543,933 |
| Total expenses and disbursements | $707,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $567,190 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $440,939 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $593,101 |
| Total assets | $1,601,230 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Reset Ventures Inc has awarded $543,933 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: CHARITABLE | $500 |
GREATER MUSKEGON WOMAN'S CLUB PURPOSE: CHARITABLE | $82,933 |
ART AT THE POINTEREAD MUSKEGON PURPOSE: CHARITABLE | $2,000 |
AVALON VILLAGE PURPOSE: CHARITABLE | $10,000 |
CITY OF MUSKEGON PURPOSE: CHARITABLE | $3,000 |
CHANCE FOR LIFE ORGANIZATION PURPOSE: CHARITABLE | $5,000 |