Center for Changes EIN 38-2421507

Center for Changes FY2022 filing

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Educates the public on political and economic issues through publications and seminars. For fiscal year 2022 it reported $88K in revenue, $107K in expenses, and $151K in net assets.Pt I

Founded
1982
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Detroit, MI
Filings
6 on file (2020–2022)
Revenue
$88KFY2022
Expenses
$107K
Net assets
$151K
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  38-2421507 Public charity (501(c)(3)) Detroit, MI Founded 1982
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Educates the public on political and economic issues through publications and seminars.
Leadership
David M Finkel · President · $34K
Money in and out
$88K revenue, $107K expenses
Bottom line
77% program efficiency
Where the money goes · FY2022
Total revenue
$88K
Pt VIII · Ln 12
Total expenses
$107K
Pt IX · Ln 25
Net assets
$151K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$19K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Program efficiency
77%
of spending reaches programs
Operating runway
17.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-21%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$88K
FY2022▼ -5%
Expenses
$107K
FY2022▼ -1%
Total assets
$160K
FY2022▼ -10%
Total liabilities
$9K
FY20220%
Total revenue
$88K
Pt VIII · Ln 12
Total expenses
$107K
Pt IX · Ln 25
Net assets
$151K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$19K
Total assetsPt X · Ln 16$160K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $82K of program spending, described in the organization's own filed words · FY2022.
01

Publication of an educational journal of politics and culture, "Against the Current," bimonthly with a press run of 5000 copies per year and accessible online. Expenses include office and staff as well as printing and mailing costs.

$82Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCenter for Changes
EINHdr · item D38-2421507
Principal addressHdr · item CDetroit, MI
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1982
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A33Z)
Ruling yearIRS BMFJul 1982

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$33,600Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Sec-Treasurer
$0Pt VII · Sec A

David M Finkel’s $34K as President is at the 89th percentile of top reported officer pay among 250 <$100K arts & culture 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
David M Finkel$33,600$33,600$33,600$33,600$33,600$33,600

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$66K · 75%
Program service revenue$22K · 25%
Contributions & grants75%$66K
Program service revenue25%$22K
Investment income$361
Total revenueLn 12$88K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$82K
Management & general23%$25K
Total functional expensesLn 25$107K

Balance Sheet

Part X · end of year
CashLn 1$160K
Total assetsLn 16$160K
Total liabilitiesLn 26$9K
Total net assetsLn 32$151K
Months of cash on handcomputed17.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $160K · Operating expenses/yr $107K
17.9 months
Where the money goes
Program services
Program services $82K · Total expenses $107K
77%
Management & General
Management & general $25K · Total expenses $107K
23%
Fundraising
Fundraising $0 · Total expenses $107K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $92K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $66K · Total revenue $88K
75%
Government reliance
Government grants $0 · Total revenue $88K
0%
Earned-income share
Program service revenue $22K · Total revenue $88K
25%
Investment reliance
Investment income $361 · Total revenue $88K
+0.4%
Program self-sufficiency
Program service revenue $22K · Total expenses $107K
20%
Growth & trend
Revenue growth (YoY)
This year $88K · Prior year $93K
-5%
Net-asset trend (YoY)
End of year $151K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $88K · Expenses $107K
-21%
Liabilities-to-Assets
Total liabilities — · Total assets $160K
Net-asset ratio
Net assets $151K · Total assets $160K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $160K
0%
People & payroll
Highest Reported Total Compensation
Individual David M Finkel · Reported title President · Highest reported compensation $34K · Total expenses $107K
31%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $61K · Total expenses $107K
57%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 23%
Fundraising cost ratio 0%
Revenue growth -5%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$22

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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
FY2025 (Latest)$68K revenue · ⤓ 990 PDF
FY2024$65K revenue · ⤓ 990 PDF
FY2023$68K revenue · ⤓ 990 PDF
FY2022$88K revenue · viewing · ⤓ 990 PDF
FY2021$93K revenue · ⤓ 990 PDF
FY2020$156K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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