Michigan Youth Empowerment Foundation Inc
- Assets
- $99.9k
- Revenue
- $101.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, MI
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 81-3680583
Organization Overview
Michigan Youth Empowerment Foundation Inc, operating under the name Mye, is located in Troy, MI. The organization was established in 2017. According to its NTEE Classification (O30) the organization is classified as: Adult & Child Matching Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mye 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, Mye generated $101.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $81.4k during the year ending 12/2021. While expenses have increased by 20.2% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MICHIGAN YOUTH EMPOWERMENT FOUNDATION (MYE) IS A 501(C3) NONPROFIT FOUNDATION ESTABLISHED TO PROMOTE STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATH) PROGRAMS TO STUDENTS K-12 AND EMPOWER THEM TO THRIVE IN THE NEW TECHNOLOGICAL WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY GOAL OF THE FOUNDATION IS TO PROMOTE CREATIVITIES OF THE YOUTH. VARIOUS CLASSES FROM YOUTH TECHNOLOGY INNOVATION: STEAM CLASSES (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATH) AND EARLY CAREER EXPLORATION ARE CREATED.
THE FOUNDATION HOLDS ANNUAL APPRECIATION DINNER AND TAKES PUBLIC DONATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meng Zhang Vice President | 10 | $0 | |
Grace Cai President | 25 | $0 | |
John Wu Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,600 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,600 |
| Total Program Service Revenue | $94,341 |
| 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 | $101,208 |
| 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 | $52,489 |
| 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 | $300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $923 |
| Office expenses | $0 |
| Information technology | $2,726 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $81,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,339 |
| 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 | $4,536 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $99,875 |
| Accounts payable and accrued expenses | $2,532 |
| 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 | $3,472 |
| Total liabilities | $6,004 |
| 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 | $93,871 |
| Total liabilities and net assets/fund balances | $99,875 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Michigan Youth Empowerment Foundation Inc has recieved totaling $7,036.
| Awarding Organization | Amount |
|---|---|
Sensata Technologies Foundation Inc Attleboro, MA PURPOSE: STEM | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $36 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Starfish Inc Indianapolis, IN | $417,636 | $786,972 |
Covenant Community Development Corporation Fort Wayne, IN | $650,557 | $1,081,632 |
Life Essentials Inc Dayton, OH | $0 | $415,481 |
Best Friends of Neenah-Menasha In Neenah, WI | $295,778 | $397,727 |
Big Brothers Big Sisters Of Greater Cleveland Columbus, OH | $1,033,301 | $464,302 |
Joshua And Caleb Leadership Centre Of Xcellence Jclcx Brecksville, OH | $130,600 | $490,922 |
Bing Youth Institute Inc Detroit, MI | $656,862 | $229,986 |
Mentor Greater Milwaukee Inc Milwaukee, WI | $388,494 | $443,907 |
Trusted Mentors Inc Indianapolis, IN | $169,757 | $248,023 |
Cardinal Parents Club Of Mentor Inc Mentor, OH | $135,038 | $185,520 |
Kinship Of Polk County Inc Balsam Lake, WI | $396,541 | $228,462 |
The House Of Kings And Priests Inc Milwaukee, WI | $39,915 | $191,317 |