Michigan Prosperity Project Foundation
- Assets
- $1.2k
- Revenue
- $5.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 09/2015
- Data as of
- 08/2021
- EIN
- 47-4940739
Organization Overview
Michigan Prosperity Project Foundation is located in Lansing, MI. The organization was established in 2015. According to its NTEE Classification (W24) the organization is classified as: Citizen Participation, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Prosperity Project Foundation 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 08/2021, Michigan Prosperity Project Foundation generated $5.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (45.5%) each year. All expenses for the organization totaled $6.4k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (40.4%) per year over the past 7 years. 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
THE ORGANIZATION HAS EDUCATED THE PUBLIC ABOUT THE BENEFITS OF ECONOMIC LIBERTY AND LIMITED GOVERNMENT THROUGH FORUMS AND SEMINARS AND COMMUNITY EVENTS, AS WELL AS THROUGH DIRECT MAIL CONTACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MICHIGAN PROSPERITY PROJECT FOUNDATIONS GOAL WAS TO EDUCATE MICHIGAN TAXPAYERS ABOUT ISSUES IN THE STATE THAT AFFECT MICHIGANS ECONOMY, LOCAL AND STATE TAX RATES, THE MICHIGAN REGULATORY ENVIRONMENT AND JOB CREATION. WE SENT OUT REGULAR EMAILS ABOUT CURRENT TOPICS THAT WERE BEING DISCUSSED IN THE STATE LEGISLATURE AND BY THE STATE AND LOCAL MEDIA AND ENGAGED IN SOCIAL MEDIA ACTIVITIES TO RAISE AWARENESS ABOUT CURRENT ISSUES RELATED TO THESE SUBJECTS. WE ALSO PROVIDED SPEAKERS FOR EVENTS ORGANIZED BY LOCAL BUSINESS AND COMMUNITY GROUPS WHO WERE INTERESTED IN LEARNING MORE ABOUT THESE SUBJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Hagerstrom President | OfficerTrustee | 25 | $0 |
Craig Burgers Treasurer | OfficerTrustee | 3 | $0 |
Diane Schindlbeck Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| 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 | $5,000 |
| Statement of Expenses | |
|---|---|
| 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 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 | $1,369 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,014 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $500 |
| 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 | $341 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $446 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,229 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,229 |