Michigans Own Inc
- Assets
- $770.0k
- Revenue
- $250.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Frankenmuth, MI
- Founding
- 11/1976
- Data as of
- 12/2022
- 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 12/2022, Michigans Own Inc employed 4 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 12/2022, Michigans Own Inc generated $250.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $217.7k during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ryder Executive Di | Trustee | 40 | $59,045 |
Dave Bewley Director | Trustee | 1 | $0 |
Jon Bozich Vice Preside | Trustee | 1 | $0 |
Ronald Daniel Director | OfficerTrustee | 1 | $0 |
Lewis N Dodak Director | Trustee | 1 | $0 |
John Ellsworth Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,030 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,413 |
| Total Program Service Revenue | $33,356 |
| Investment income | $616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $37,651 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,527 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $250,563 |
| 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. | $59,045 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,405 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,428 |
| Payroll taxes | $8,985 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,548 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $852 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,194 |
| Office expenses | $10,499 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,334 |
| 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 | $1,293 |
| Insurance | $12,901 |
| All other expenses | $11,388 |
| Total functional expenses | $217,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,365 |
| Savings and temporary cash investments | $24,276 |
| 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 | $19,529 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $72,855 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $600,000 |
| Total assets | $770,025 |
| Accounts payable and accrued expenses | $1,010 |
| 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 | $1,010 |
| 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 | $769,015 |
| Total liabilities and net assets/fund balances | $770,025 |