Michigans Own Inc
- Assets
- $980.4k
- Revenue
- $234.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Frankenmuth, MI
- Founding
- 11/1976
- Data as of
- 12/2021
- EIN
- 38-2127945
Organization Overview
Michigans Own Inc is located in Frankenmuth, MI. The organization was established in 1976. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Michigans Own Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigans Own 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 12/2021, Michigans Own Inc generated $234.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $161.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO TEACH & PERPETUATE THE HISTORY OF MILITARY ACCOMPLISHMENTS OF CITIZENS OF THE STATE OF MICHIGAN AND TO MAINTAIN A MUSEUM FOR THAT PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO TEACH & PERPETUATE THE HISTORY OF MILITARY ACCOMPLISHMENTS OF CITIZENS OF THE STATE OF MICHIGAN AND TO MAINTAIN A MUSEUM FOR THAT PURPOSE.
TO TEACH & PERPETUATE THE HISTORY OF MILITARY ACCOMPLISHMENTS OF CITIZENS OF THE STATE OF MICHIGAN AND TO MAINTAIN A MUSEUM FOR THAT PURPOSE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ryder Executive Di | Trustee | 40 | $56,083 |
Scott Furtaw Treasurer | Officer | 1 | $0 |
Mike Grobbel Secretary | Officer | 1 | $0 |
Branden Minuth President | Officer | 1 | $0 |
Dave Bewley Director | Trustee | 1 | $0 |
Lewis N Dodak Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,625 |
| All other contributions, gifts, grants, and similar amounts not included above | $167,041 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,666 |
| Total Program Service Revenue | $37,308 |
| Investment income | $6,624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,474 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,512 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $234,884 |
| 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. | $56,083 |
| Compensation of current officers, directors, key employees. | $28,042 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,502 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,245 |
| Payroll taxes | $4,547 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,749 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,219 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,724 |
| 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 | $886 |
| Insurance | $7,635 |
| All other expenses | $13,467 |
| Total functional expenses | $161,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,566 |
| Savings and temporary cash investments | $35,936 |
| Pledges and grants receivable | $5,000 |
| 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 | $18,782 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,360 |
| Investments—publicly traded securities | $243,799 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $600,000 |
| Total assets | $980,443 |
| Accounts payable and accrued expenses | $858 |
| 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 | $0 |
| Total liabilities | $858 |
| 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 | $979,585 |
| Total liabilities and net assets/fund balances | $980,443 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Michigans Own Inc has recieved totaling $23,353.
| Awarding Organization | Amount |
|---|---|
Frankenmuth Auto Fest Inc Frankenmuth, MI | | $15,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $8,145 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $208 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Edison Institute Inc Dearborn, MI | $598,342,638 | $88,893,387 |
Conner Prairie Museum Inc Fishers, IN | $11,539,614 | $17,879,069 |
National Veterans Memorial And Museum Operating Corporation Columbus, OH | $58,052,071 | $6,042,215 |
Eaa Aviation Foundation Inc Oshkosh, WI | $62,820,883 | $14,243,844 |
Dayton History Dayton, OH | $68,372,034 | $7,774,649 |
National Underground Railroad Freedom Center Inc Cincinnati, OH | $30,820,781 | $4,231,725 |
Holocaust Memorial Center Farmington Hills, MI | $46,637,236 | $21,925,651 |
Motown Historical Museum Inc Detroit, MI | $36,344,932 | $14,838,936 |
Mansfield Reformatory Preservation Society Inc Mansfield, OH | $6,627,269 | $4,312,949 |
Museum Of Wisconsin Art Inc West Bend, WI | $10,712,368 | $3,038,325 |
The Tuskegee Airmen National Historical Museum Detroit, MI | $2,502,282 | $3,407,704 |
Indiana State Museum Foundation Inc Indianapolis, IN | $12,226,178 | $2,921,038 |