Better Future Michigan EIN 84-2077783 Form 990 (PDF) Claim this org

Better Future Michigan

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Educates Michiganders on policy issues like the Green New Deal and Medicare for All. For fiscal year 2020 it reported $2.2M in revenue, $2.2M in expenses, and $34K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Williamston, MI
Filings
1 on file (2020–2020)
Revenue
$2.2MFY2020
Expenses
$2.2M
Net assets
$34K
People
4
Filings
1
Updates
0
More identity details & actions ⌄
EIN  84-2077783 Unknown exempt organization Williamston, MI
Form 990 (PDF)
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Size
$1–10M
What they do
Educates Michiganders on policy issues like the Green New Deal and Medicare for All.
Leadership
Max Andrews Weiner · President
Money in and out
$2.2M revenue, $2.2M expenses
Bottom line
+2% surplus margin
Reported financial activity · FY2020
Total revenue
$2.2M
Pt VIII · Ln 12
Total expenses
$2.2M
Pt IX · Ln 25
Net assets
$34K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $49K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.07 Fundraising $0.19
Surplus margin
+2%
revenue over expenses, this year
Program spending
74%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total revenue
$2.2M
Pt VIII · Ln 12
Total expenses
$2.2M
Pt IX · Ln 25
Net assets
$34K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$49K
Total assetsPt X · Ln 16$34K
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBetter Future Michigan
EINHdr · item D84-2077783
Principal addressHdr · item CWilliamston, 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 BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $1.6M of program spending, described in the organization's own filed words · FY2020.
01

Better future michigan is an organization dedicated to educating michiganders on important policy issues. BFM educated michiganders on issues such as the green new deal, medicare for all, and taxpayer spending on benefits for elected officials through advertisements and earned media.

$1.6Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$2.2M
Total revenueLn 12$2.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.07 Fundraising $0.19
Program services74%$1.6M
Management & general7%$160K
Fundraising19%$400K
Total functional expensesLn 25$2.2M

Balance Sheet

Part X · end of year
CashLn 1$34K
Total assetsLn 16$34K
Total liabilitiesLn 26$0
Total net assetsLn 32$34K
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $34K · Operating expenses/yr $2.2M
0.2 months
Where the money goes
Program services
Program services $1.6M · Total expenses $2.2M
74%
Management & General
Management & general $160K · Total expenses $2.2M
7%
Fundraising
Fundraising $400K · Total expenses $2.2M
19%
Cost to raise $1
Fundraising expense $400K · Solicited contributions $2.2M
$0.18 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $2.2M · Total revenue $2.2M
100%
Government reliance
Government grants — · Total revenue $2.2M
Earned-income share
Program service revenue $0 · Total revenue $2.2M
0%
Investment reliance
Investment income $0 · Total revenue $2.2M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.2M
0%
Growth & trend
Revenue growth (YoY)
This year $2.2M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $34K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.2M · Expenses $2.2M
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $34K
Net-asset ratio
Net assets $34K · Total assets $34K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $34K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Max Andrews Weiner · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $2.2M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $2.2M
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $395K · Gross raised $2.2M
18%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 7%
Fundraising cost ratio 18%
Legal fee ratio 3%
Accounting fee ratio 0.09%
Fundraising fee ratio 18%

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 · FY2019
Total grants receivedfrom 1 funder$25K
Grants paid · 3 grants · $135K · 2020–2020
Ar2 INCVA · FY2020$100,000
Hunter Nation INCKS · FY2020$25,000

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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
FY2020 (Latest)$2.2M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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