Can-Do Kalamazoo EIN 47-5608928 Form 990 (PDF) Claim this org

Can-Do Kalamazoo FY2023 filing

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Provides programs, resources, and space to support diverse entrepreneurs and small business owners. For fiscal year 2023 it reported $649K in revenue, $507K in expenses, and $1.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Food & Agriculture
Location
Kalamazoo, MI
Website
www.candokalamazoo.org
Filings
5 on file (2020–2023)
Revenue
$649KFY2023
Expenses
$507K
Net assets
$1.0M
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-5608928 Public charity (501(c)(3)) Kalamazoo, MI
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 9/11/26 · see original: IRS
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Size
$1–10M
What they do
Provides programs, resources, and space to support diverse entrepreneurs and small business owners.
Leadership
Lucy Dilley · Executive Di · $67K
Money in and out
$649K revenue, $507K expenses
Bottom line
71% program efficiency
Where the money goes · FY2023
Total revenue
$649K
Pt VIII · Ln 12
Total expenses
$507K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $141K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.29
Program efficiency
71%
of spending reaches programs
Operating runway
5.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+22%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$649K
FY2023▼ -24%
Expenses
$507K
FY2023▼ -3%
Total assets
$1.4M
FY2023▲ +56%
Total liabilities
$421K
FY2023▲ +573%
Total revenue
$649K
Pt VIII · Ln 12
Total expenses
$507K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$141K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCan-Do Kalamazoo
EINHdr · item D47-5608928
Principal addressHdr · item CKalamazoo, MI
WebsiteHdr · item Jwww.candokalamazoo.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K35)
Ruling yearIRS BMFMar 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
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
Executive Di
$66,536Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Lucy Dilley’s $68K as Executive Di is at the 22nd percentile of top reported officer pay among 819 $1–10M food & agriculture 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

NameFY2024FY2023FY2022FY2021FY2020
Lucy Dilley$68,075$66,536$58,427$50,374$43,624

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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Mission & Programs · Part III

Where the work happens

1 program service account for $362K of program spending, described in the organization's own filed words · FY2023.
01

Commercial Kitchen

We maintain a commercial kitchen for rent by small food and other businesses. Business incubation - educational business programming and one-on-one guidance provided to small food and other businesses.

$362Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$569K · 88%
Program service revenue$72K · 11%
Other revenue$6K · 1%
Contributions & grants88%$569K
Program service revenue11%$72K
Other revenue1%$6K
Investment income$716
— government grantsLn 1e$5K
Total revenueLn 12$649K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29
Program services71%$362K
Management & general29%$145K
Total functional expensesLn 25$507K

Balance Sheet

Part X · end of year
CashLn 1$189K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$421K
Total net assetsLn 32$1.0M
Months of cash on handcomputed4.5

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $214K · Operating expenses/yr $507K
5.1 months
Where the money goes
Program services
Program services $362K · Total expenses $507K
71%
Management & General
Management & general $145K · Total expenses $507K
29%
Fundraising
Fundraising $0 · Total expenses $507K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $501K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $569K · Total revenue $649K
88%
Government reliance
Government grants $5K · Total revenue $649K
0.8%
Earned-income share
Program service revenue $72K · Total revenue $649K
11%
Investment reliance
Investment income $716 · Total revenue $649K
+0.1%
Program self-sufficiency
Program service revenue $72K · Total expenses $507K
14%
Growth & trend
Revenue growth (YoY)
This year $649K · Prior year $853K
-24%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $649K · Expenses $507K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.0M · Total assets $1.4M
71%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $25K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
2%
People & payroll
Highest Reported Total Compensation
Individual Lucy Dilley · Reported title EXECUTIVE DI · Highest reported compensation $67K · Total expenses $507K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $268K · Total expenses $507K
53%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 29%
Fundraising cost ratio 0%
Revenue growth -24%
Accounting fee ratio 0.8%

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 · FY2024
See all 6 funders →
Grants paid · 10 grants · $270K · 2020–2024
Room 35FY2024$122,000
Kalamazoo Startup CenterFY2024$17,829
Ukrainian Homemade FoodsFY2024$12,500
Handy Hank's LLCFY2024$10,000
Precision SyrupsFY2024$8,000
Creative CateringFY2024$8,000
Sisters in BusinessFY2022$47,488
Room 35FY2021$29,400
Green Door DistillingFY2020$9,800

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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)$1.9M revenue · ⤓ 990 PDF
FY2023$649K revenue · viewing · ⤓ 990 PDF
FY2022$853K revenue · ⤓ 990 PDF
FY2021$521K revenue · ⤓ 990 PDF
FY2020$315K 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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