Microlife Institute Inc
- Assets
- $464.7k
- Revenue
- $681.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Clarkston, GA
- Founding
- 12/2017
- Data as of
- 12/2023
- EIN
- 81-1233435
Organization Overview
Microlife Institute Inc is located in Clarkston, GA. The organization was established in 2017. As of 12/2023, Microlife Institute Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Microlife Institute 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 12/2023, Microlife Institute Inc generated $681.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $301.6k during the year ending 12/2023. While expenses have increased by 10.1% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD AND PROMOTE INCLUSIVE HOUSING FOR STRONG, DIVERSE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMMING, COMMUNITY ENGAGEMENT, AND CONSULTING IN SUPPORT OF THE MISSION. IN 2023 THIS INCLUDED: FOUR PUBLIC AND TEN PRIVATE TOURS OF OUR MODEL PROJECT, THE "COTTAGES ON VAUGHAN." WE HOSTED THE SIXTH ANNUAL INNOVATIVE HOUSING SUMMIT THAT BRINGS TOGETHER EXPERTS IN THE FIELD WITH A COMMUNITY OF INTERESTED BUILDERS, CITY LEADERS, AND ADVOCATES. WE CONSULTED WITH TOOMBS COUNTY, GA TO CARRY OUT COMMUNITY ENGAGEMENT, POLICY ADVISING, AND A HOUSING ASSESSMENT. WE CONSULTED WITH DEKALB COUNTY IN SUPPORT OF THEIR GREEN NEW DEAL CONFERENCE. OUR EXECUTIVE DIRECTOR SPOKE AT NUMEROUS EDUCATIONAL EVENTS, INCLUDING AT THE URBAN LAND INSTITUTE CONFERENCE IN ATHENS, GREECE. WE HAD A NUMBER OF OTHER SMALLER CONSULTING PROJECTS TO SUPPORT MISSING MIDDLE HOUSING DEVELOPMENT FOR INDIVIDUALS AND MUNICIPALITIES.
HOUSING DEVELOPMENT, INCLUDING LAND ACQUISITION, PRE-DEVELOPMENT AND CONSTRUCTION TO CREATE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES. WE WERE AWARDED GRANT CONTRACTS WITH THE GEORGIA OFFICE OF PLANNING AND BUDGET AND FULTON COUNTY TO BUILDING HOUSING. THE OPB PROJECT WILL RESULT IN NINE HOUSING UNITS TO SUPPORT WOMEN RECENTLY RELEASED FROM PRISON SUCCESSFULLY REUNITE WITH THEIR FAMILIES. THE FULTON COTTAGES PROJECT WILL RESULT IN A 10-UNIT COTTAGE COURT, PROVIDING AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR FULTON COUNTY RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Johnston Executive Director | OfficerTrustee | 40 | $91,000 |
Michele Battle Board Member | Trustee | 16 | $0 |
Dirk Brown President | OfficerTrustee | 16 | $0 |
Ryan Burrell Board Member | Trustee | 16 | $0 |
Jennifer Fine Board Member | Trustee | 16 | $0 |
Nicolia Robinson Board Member | Trustee | 16 | $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 | $516,313 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $516,313 |
| Total Program Service Revenue | $165,078 |
| 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 | $681,391 |
| 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. | $91,000 |
| Compensation of current officers, directors, key employees. | $9,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,563 |
| Payroll taxes | $10,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $840 |
| Fees for services: Accounting | $6,083 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,968 |
| Office expenses | $2,929 |
| 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 | $81 |
| Insurance | $4,551 |
| All other expenses | $17,079 |
| Total functional expenses | $301,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,882 |
| 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 | $0 |
| Net Land, buildings, and equipment | $364,857 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $464,739 |
| 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 | $3,164 |
| Total liabilities | $3,164 |
| Net assets without donor restrictions | $461,575 |
| 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 | $464,739 |