Northern Michigan Angels
- Assets
- $95.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 82-5397756
Organization Overview
Northern Michigan Angels is located in Traverse City, MI. The organization was established in 2019. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Northern Michigan Angels is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Northern Michigan Angels generated $112.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $88.1k during the year ending 12/2023. While expenses have increased by 0.2% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROMOTE LOCAL INVESTMENT CAPITAL FORMATION TO GROW THE ECONOMIC BASE IN NORTHERN MICHIGAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deanna Cannon Chair | 1 | $0 | |
Gary Mcray Secretary | 1 | $0 | |
Steve Lang Director | 1 | $0 | |
Elizabeth Verschure Treasurer | 1 | $0 | |
Jody Trietch Executive Di | 40 | $51,200 | |
Jeff Hamilton Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $99,374 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $13,508 |
| Total Revenue | $112,882 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $63,832 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $24,284 |
| Total expenses | $88,116 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $94,993 |
| Other assets | $0 |
| Total assets | $94,993 |
| Total liabilities | $17,315 |
| Net assets or fund balances | $77,678 |