Michigan Celebrates Small Business
- Assets
- $103.9k
- Revenue
- $294.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 06/2003
- Data as of
- 06/2022
- EIN
- 38-3614841
Organization Overview
Michigan Celebrates Small Business is located in Lansing, MI. The organization was established in 2003. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Celebrates Small Business 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 06/2022, Michigan Celebrates Small Business generated $294.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $307.5k during the year ending 06/2022. 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 IGNITE, UNLEASH AND PROMOTE A CULTURE OF ENTREPRENEURSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICHIGAN CELEBRATES SMALL BUSINESS BROUGHT TOGETHER SMALL BUSINESS OWNERS TO EDUCATE THEM AND TO ALLOW FOR THE EXCHANGE OF IDEAS AND INFORMATION. THIS INCLUDED HOSTING THE MICHIGAN CELEBRATES SMALL BUSINESS LIVE GALA FOR 755 GUESTS ON MAY 3, 2022 AND A NOMINEE RECEPTION HELD FOR 50 COMPANIES TO WATCH NOMINEES HELD IN NOVEMBER 17, 2021
MICHIGAN CELEBRATES SMALL BUSINESS PUBLISHED THE 17TH ANNUAL EDITION OF THE MICHIGAN ENTREPRENEURSHIP SCORE CARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Calley Treasurer | OfficerTrustee | 2 | $0 |
Colleen Killen-Roberts Secretary | OfficerTrustee | 2 | $0 |
Ann Parker Assistant Secretary | OfficerTrustee | 2 | $0 |
Chris Holman Vice Chair | OfficerTrustee | 2 | $0 |
Jennifer Deamud Chair | OfficerTrustee | 10 | $0 |
Robert Fowler Ended 1-5-22 Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $38,615 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $179,377 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,992 |
| Total Program Service Revenue | $82,705 |
| Investment income | $187 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,181 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $293,953 |
| 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 | $0 |
| Fees for services: Accounting | $6,194 |
| 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 | $17,092 |
| Information technology | $6,165 |
| 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 | $268,287 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $800 |
| All other expenses | $9,000 |
| Total functional expenses | $307,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,384 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,525 |
| 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 | $103,909 |
| Accounts payable and accrued expenses | $1,075 |
| Grants payable | $0 |
| Deferred revenue | $500 |
| 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 | $1,575 |
| Net assets without donor restrictions | $102,334 |
| 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 | $103,909 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Michigan Celebrates Small Business has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
The Edward Lowe Foundation Cassopolis, MI PURPOSE: GENERAL SUPPORT | $10,000 |
Dte Energy Foundation Detroit, MI PURPOSE: ECONOMIC PROGRESS | $10,000 |
Dte Energy Foundation Detroit, MI PURPOSE: ECONOMIC PROGRESS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
569 Directions Credit Union Inc Toledo, OH | $1,165,662,447 | $46,146,625 |
Food Gatherers Ann Arbor, MI | $16,131,759 | $18,319,883 |
Detroit Community Health Connection Inc Detroit, MI | $12,946,276 | $14,713,586 |
Milwaukee Electrical Industry Vacation - Holiday Plan Wauwatosa, WI | $15,465,835 | $13,612,321 |
Detroit Belle Isle Grand Prix Inc Bloomfield Hills, MI | $745,267 | $11,943,538 |
Community Programs And Services Garden City, MI | $725,653 | $3,890,771 |
Sid Public Services Association Columbus, OH | $3,043,026 | $3,862,882 |
Horizon House Inc Indianapolis, IN | $11,235,353 | $7,114,001 |
Delaware Advancement Corporation Muncie, IN | $19,134,942 | $3,911,691 |
Ohio Bankers League Columbus, OH | $3,226,462 | $2,753,967 |
Lafayette-West Lafayette Development Corporation Lafayette, IN | $8,692,255 | $2,407,037 |
Groundwork Center For Resilient Communities Inc Traverse City, MI | $1,306,127 | $2,441,412 |