Let MI Kids Learn
- Assets
- $406.1k
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Okemos, MI
- Founding
- Data as of
- 12/2022
- EIN
- 87-3203200
Organization Overview
Let MI Kids Learn is located in Okemos, MI. Let MI Kids Learn 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 12/2022, Let MI Kids Learn generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 38.2% each year . All expenses for the organization totaled $11.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS A BALLOT QUESTION COMMITTEE TO PROMOTE LEGISLATION AMENDING THE MICHIGAN INCOME TAX ACT AND ADOPTING THE STUDENT OPPORTUNITY SCHOLARSHIP ACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIRCULATED PETITIONS TO AMEND THE MICHIGAN STATE INCOME TAX ACT AND ADOPT THE STUDENT OPPORTUNITY SCHOLARSHIP ACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Doster Treasurer | OfficerTrustee | 3 | $13,040 |
Sarah Paciorek Secretary | OfficerTrustee | 1 | $0 |
Beth Deshone President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,268,455 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,268,455 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,268,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $13,040 |
| Compensation of current officers, directors, key employees. | $13,040 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,528 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,006,003 |
| Advertising and promotion | $138,525 |
| Office expenses | $143,085 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,777 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $907 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,381,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $406,073 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $406,073 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $7,225,000 |
| Other liabilities | $0 |
| Total liabilities | $7,225,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$6,818,927 |
| Total liabilities and net assets/fund balances | $406,073 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Let MI Kids Learn has recieved totaling $510,000.
| Awarding Organization | Amount |
|---|---|
State Government Leadership Foundation Washington, DC PURPOSE: GENERAL PURPOSE | $475,000 |
Glep Education Fund Lansing, MI PURPOSE: General support of the organization. | $25,000 |
Michigan Guardians Of Democracy Lansing, MI PURPOSE: CONTRIBUTIONS TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE. | $10,000 |
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