McMillan Edc Corp FY2023 filing

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Township economic development

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $2K a year · 1941% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
733 mo
of spending, in cash
Looks good: 732.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$101
+63% vs prior year
Spent
$2K
To programs
80%
Net assets
$143K
By yearFY2021–FY2025
Revenue
$101
FY2023▲ +63%
Tap a bar for its year
Revenue by fiscal year
FY2021$133
FY2022$62
FY2023$101
FY2024$61
FY2025$3K
Expenses
$2K
FY2023▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2021$2K
FY2022$2K
FY2023$2K
FY2024$2K
FY2025Not on file
Net assets
$143K
FY2023▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2021$146K
FY2022$145K
FY2023$143K
FY2024$141K
FY2025$142K

From the FY2023 Form 990 (year ending September 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $2K Management & general 20% · $400

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See McMillan Edc Corp executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

McMillan Edc Corp is a community improvement nonprofit based in Ewen, MI.

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1 program · $1K · in their own filed words · FY2022
01

Services to existing tenant; assist new business start up, construction of building with 2 tenants, assisted in negotiating empty store purchase and sale

$1Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$101
Ln 12
Investment incomeLn 3$61
Gifts and grantsLn 1h$40
Money outPt IX
$2K
Ln 25
Programscol B$2K
Managementcol C$400
Owns and owesPt X
$143K
net assets · Ln 32
Cash and savingsLn 1–2$122K
Total assetsLn 16$143K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$40
Investment incomeLn 3$61
Total revenueLn 12$101
Assets in detailPt X, end of year
SavingsLn 2$122K
Cash and savings togetherLn 1–2$122K
Land, buildings, equipmentLn 10c$21K
Total assetsLn 16$143K
LiabilitiesLn 26$0
Net assetsLn 32$143K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$124K$122K
Land, buildings, equipmentLn 10c$21K$21K
Total assetsLn 16$145K$143K
LiabilitiesLn 26$0$0
Net assetsLn 32$145K$143K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$400$400
Advertising and promotionLn 12$584$584
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$2K$2K$400$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 18, 2025 $3K$142K 990 PDF
FY2024Filed with the IRS Jan 30, 2025 $61$2K−$2K$141K 990 PDF
FY2023 ViewingFiled with the IRS Jan 29, 2024 $101$2K−$2K$143K 990 PDF
FY2022Filed with the IRS Dec 9, 2022 $62$2K−$2K$145K 990 PDF
FY2021Filed with the IRS Feb 2, 2022 $133$2K−$2K$146K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $101 revenue, 12 lines filed
I-8 Contributions and grants$40
I-9 Program service revenue$0
I-10 Investment incomePrior year $62$61
I-11 Other revenue$0
I-12 Total revenuePrior year $62$101
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,629$1,998
I-18 Total expensesPrior year $1,629$1,998
I-19 Revenue less expensesPrior year −$1,567−$1,897
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $101 across 4 lines filed
VIII-1f All other contributions, gifts and grants$40
VIII-1h Total contributions, gifts and grants$40
VIII-3 Investment incomeRelated to mission $61$61
VIII-12 Total revenueRelated to mission $61$101
Part IX · Statement of functional expenses $1,998 across 3 lines filed
IX-11c Accounting feesManagement $400$400
IX-12 Advertising and promotionPrograms $584$584
IX-24 Other expenses (24a–d)Programs $1,014$1,014
IX-25 Total functional expensesPrograms $1,598 · Management $400 · Fundraising $0$1,998
Part X · Balance sheet $142,980 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $123,877$121,980
X-10c Land, buildings and equipment, netStart of year $21,000$21,000
X-16 Total assetsStart of year $144,877$142,980
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $144,877$142,980
X-32 Total net assets or fund balancesStart of year $144,877$142,980
X-33 Total liabilities and net assetsStart of year $144,877$142,980
Part XI · Reconciliation of net assets $142,980 net assets at year end
XI-1 Total revenue$101
XI-2 Total expenses$1,998
XI-3 Revenue less expenses−$1,897
XI-4 Net assets at start of year$144,877
XI-10 Net assets at end of year$142,980

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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