Bizdom
- Assets
- $335.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 20-4775521
Organization Overview
Bizdom is located in Detroit, MI. The organization was established in 2007. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bizdom is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BIZDOM IS A STARTUP ACCELERATOR THAT PROVIDES INTENSE MENTORSHIP TO ENTREPRENEURS LOOKING TO LAUNCH AND GROW INNOVATIVE TECH-BASED STARTUPS IN THE DOWNTOWN URBAN CORES OF DETROIT AND CLEVELAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TRAINING AND MENTORING TO ASPIRING ENTREPRENEURS TO OPEN INNOVATIVE, GROWTH-ORIENTED, DETROIT OR CLEVELAND TECH-BASED START-UPS. WE PROVIDED OUR SERVICES TO NEW START-UPS IN THE CITY OF DETROIT AND NEW START-UPS IN THE CITY OF CLEVELAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Grannemann President/treasurer/secret | OfficerTrustee | 1 | $0 |
Jeff Helpern Director | Trustee | 1 | $0 |
Todd Sachse Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $190 |
| Fees for services: Accounting | $2,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $258 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,181 |
| All other expenses | $775 |
| Total functional expenses | $7,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235 |
| 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 | $334,615 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $351 |
| 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 | $335,201 |
| Accounts payable and accrued expenses | $9,632 |
| 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 | $0 |
| Other liabilities | $1,301,468 |
| Total liabilities | $1,311,100 |
| Net assets without donor restrictions | -$975,899 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $335,201 |
Grants Awarded
Over the last fiscal year, Bizdom has awarded $250,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Detroit, MI PURPOSE: FIDUCIARY SPONSORSHIP | $200,000 |
Detroit, MI PURPOSE: FIDUCIARY SPONSORSHIP | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bizdom has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Cleveland Foundation Cleveland, OH PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Good Samaritan College Of Nursing And Health Science Cincinnati, OH | $6,845,010 | $5,407,521 |
Methodist Theological School In Ohio Delaware, OH | $73,405,314 | $12,096,173 |
Aileron Corp Tipp City, OH | $4,807,559 | $7,299,167 |
Michigan School Of Psychology Farmington Hills, MI | $11,594,534 | $6,562,014 |
Graduate School Of Banking Inc Madison, WI | $1,229,337 | $3,378,911 |
Winebrenner Theological Seminary Findlay, OH | $3,677,557 | $2,219,718 |
Ocpm Foundation Independence, OH | $30,615,843 | $4,571,650 |
Veritas Baptist College Inc Lawrenceburg, IN | $617,304 | $1,024,760 |
Center For Healthcare Education And Simulation Inc Madison, WI | $579,310 | $604,107 |
Mesara Family Foundation Kalamazoo, MI | $7,044,084 | $179,741 |
Institute For The Future Of Law Practice Inc Bloomington, IN | $41,646 | $339,532 |
Cincinnati Psychoanalytic Institute Cincinnati, OH | $83,547 | $340,652 |