Pine Lake Fund EIN 38-2331621

Pine Lake Fund FY2023 filing

EIN  38-2331621 Public charity (501(c)(3)) Plainwell, MI
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Trains and places disabled individuals in jobs after their technical institute programs.
Leadership
Money in and out
$861K revenue, $954K expenses
Bottom line
96% program efficiency

Trains and places disabled individuals in jobs after their technical institute programs. For fiscal year 2023 it reported $861K in revenue, $954K in expenses, and $1.3M in net assets.Pt I

Where the money goes · FY2023
Total revenue
$861K
Pt VIII · Ln 12
Total expenses
$954K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$94K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs
Operating runway
8.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$861K
FY2023▼ -31%
Expenses
$954K
FY2023▼ -32%
Total assets
$1.8M
FY2023▼ -6%
Total liabilities
$504K
FY2023▼ -10%
Total revenue
$861K
Pt VIII · Ln 12
Total expenses
$954K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$94K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $416K of program spending, described in the organization's own filed words · FY2022.
01

Pine lake fund collaborated with employers, michigan rehabilitation services customers, and michigan career adn technical institute students to increase the number of people with disabilities and success of people with disabilities in postsecondary education and employment.

$312Kprogram expense
02

The pine lake fund apartments serve mcti students, graduates and mcti team members.

$70Kprogram expense
03

Pine lake fund staffs occupational therapists who serve mcti students, business leaders, and employees with disabilities throughout michigan.

$34Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPine Lake Fund
EINHdr · item D38-2331621
Principal addressHdr · item CPlainwell, MI
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFNov 2025

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Dr Ahnee White’s $94K as Executive Director is at the 30th percentile of top reported officer pay among 3863 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2022FY2021FY2020
Beth Childress Leased Employee$96,548$78,047$81,619
Dr Ahnee White$94,059

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$474K · 55%
Program service revenue$354K · 41%
Investment income$26K · 3%
Other revenue$6K · 1%
Contributions & grants55%$474K
Program service revenue41%$354K
Investment income3%$26K
Other revenue1%$6K
— government grantsLn 1e$413K
Total revenueLn 12$861K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$915K
Management & general4%$39K
Total functional expensesLn 25$954K

Balance Sheet

Part X · end of year
CashLn 1$127K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$504K
Total net assetsLn 32$1.3M
Months of cash on handcomputed1.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $681K · Operating expenses/yr $954K
8.6 months
Where the money goes
Program services
Program services $915K · Total expenses $954K
96%
Management & General
Management & general $39K · Total expenses $954K
4%
Fundraising
Fundraising $0 · Total expenses $954K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $31K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $474K · Total revenue $861K
55%
Government reliance
Government grants $413K · Total revenue $861K
48%
Earned-income share
Program service revenue $354K · Total revenue $861K
41%
Investment reliance
Investment income $26K · Total revenue $861K
+3%
Program self-sufficiency
Program service revenue $354K · Total expenses $954K
37%
Growth & trend
Revenue growth (YoY)
This year $861K · Prior year $1.3M
-31%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $861K · Expenses $954K
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $1.3M · Total assets $1.8M
72%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $554K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
31%
People & payroll
Highest Reported Total Compensation
Individual Cecily Dykema Cagle · Reported title CHAIR · Highest reported compensation $0 · Total expenses $954K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $391K · Total expenses $954K
41%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth -31%
Investment management fee ratio 0%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$25K
Grants paid · 4 grants · $163K · 2019–2022
Barry County IsdFY2022$30,000
Barry County IsdFY2021$60,000
Barry County IsdFY2020$60,000
Mcti-MdhhsFY2019$12,760

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.2M revenue · ⤓ 990 PDF
FY2023$861K revenue · viewing · ⤓ 990 PDF
FY2022$1.3M revenue · ⤓ 990 PDF
FY2021$1.5M revenue · ⤓ 990 PDF
FY2020$3.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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