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Craft Beverage Artisans INC

Not tax-deductible

Traverse City, MI501(c)(6)Community DevelopmentEIN 47-2739514Revenue $181K in FY2024

On file with the IRS16169 Hill Rise Rd, 49686-7933 · Traverse City, MITax-exempt since Sep 2015

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Fundraising for local non-profit organizations.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $4K a year · 4% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$181K
+32% vs prior year
Spent
$198K
To programs
100%
Net assets
$31K
By yearFY2020–FY2024
Revenue
$181K
FY2024▲ +32%
Tap a bar for its year
Revenue by fiscal year
FY2020$108K
FY2021$53K
FY2022$121K
FY2023$137K
FY2024$181K
Expenses
$198K
FY2024▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$123K
FY2021$25K
FY2022$122K
FY2023$154K
FY2024$198K
Net assets
$31K
FY2024▼ -36%
Tap a bar for its year
Net assets by fiscal year
FY2020$38K
FY2021$67K
FY2022$66K
FY2023$49K
FY2024$31K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2015.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $198K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Troy a Daily
Executive Director
$0Pt VII · Sec A
Mike Moran
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jeremy Smith
Director
$0Pt VII · Sec A
See Craft Beverage Artisans INC executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Raises money for local charities.

Questions for Craft Beverage Artisans INC

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Provided by the organization

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1 program · $198K · in their own filed words · FY2024
01

All income of craft beverage artisans is dedicated to local non-profit organizations.

$198Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$181K
Ln 12
Fees for servicesLn 2g$181K
Money outPt IX
$198K
Ln 25
Programscol B$198K
Owns and owesPt X
$31K
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$37K
LiabilitiesLn 26$6K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$181K
Total revenueLn 12$181K
Assets in detailPt X, end of year
CashLn 1$37K
Cash and savings togetherLn 1–2$37K
Total assetsLn 16$37K
LiabilitiesLn 26$6K
Net assetsLn 32$31K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$55K$37K
Total assetsLn 16$55K$37K
LiabilitiesLn 26$6K$6K
Net assetsLn 32$49K$31K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$875$875
Other fees for servicesLn 11g$164K$164K
Advertising and promotionLn 12$23K$23K
Office expensesLn 13$5K$5K
TravelLn 17$366$366
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$818$818
Total functional expensesLn 25$198K$198K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $181K$198K−$18K$31K 990 PDF
FY2023 $137K$154K−$17K$49K 990 PDF
FY2022 $121K$122K−$1K$66K 990 PDF
FY2021 $53K$25K$29K$67K 990 PDF
FY2020 $108K$123K−$15K$38K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $180,616 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $137,252$180,616
I-10 Investment incomePrior year $58$0
I-11 Other revenue$0
I-12 Total revenuePrior year $137,310$180,616
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 $153,862$198,409
I-18 Total expensesPrior year $153,862$198,409
I-19 Revenue less expensesPrior year −$16,552−$17,793
Part VI · Governance 5 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $180,616 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $180,616$180,616
VIII-12 Total revenueRelated to mission $180,616 · Unrelated business $0 · Excluded from tax $0$180,616
Part IX · Statement of functional expenses $198,409 across 7 lines filed
IX-11c Accounting feesPrograms $875$875
IX-11g Other fees for servicesPrograms $164,392$164,392
IX-12 Advertising and promotionPrograms $23,122$23,122
IX-13 Office expensesPrograms $5,272$5,272
IX-17 TravelPrograms $366$366
IX-23 InsurancePrograms $3,564$3,564
IX-24 Other expenses (24a–d)Programs $818$818
IX-25 Total functional expensesPrograms $198,409 · Management $0 · Fundraising $0$198,409
Part X · Balance sheet $37,130 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $54,900$37,130
X-16 Total assetsStart of year $54,900$37,130
X-24 Unsecured notes and loans payableStart of year $5,618$5,641
X-26 Total liabilitiesStart of year $5,618$5,641
X-27 Net assets without donor restrictionsStart of year $49,282$31,489
X-32 Total net assets or fund balancesStart of year $49,282$31,489
X-33 Total liabilities and net assetsStart of year $54,900$37,130
Part XI · Reconciliation of net assets $31,489 net assets at year end
XI-1 Total revenue$180,616
XI-2 Total expenses$198,409
XI-3 Revenue less expenses−$17,793
XI-4 Net assets at start of year$49,282
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$31,489

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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