Finm Solutions: Nonprofit Profile, Financials & Form 990 (EIN 85-2248065)

Shaniece Bennett’s $32K as President is at the 71st percentile of top reported officer pay among 168 <$100K community development 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.

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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 15aYes

Programs and updates

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1 program · $69K · in their own filed words · FY2024

01

Completed first cohort of the new pathways to prosperity program for administrative assistants

$69Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Dte Energy FoundationFY2024$10K

Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$64K

Ln 12

Gifts and grantsLn 1h$64K

Money outPt IX

$89K

Ln 25

Programscol B$69K

Managementcol C$20K

Owns and owesPt X

−$7K

net assets · Ln 32

Cash and savingsLn 1–2$3K

Total assetsLn 16$3K

LiabilitiesLn 26$10K

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$64K

Government grantsLn 1e$45K

Total revenueLn 12$64K

Assets in detailPt X, end of year

CashLn 1$3K

Cash and savings togetherLn 1–2$3K

Total assetsLn 16$3K

LiabilitiesLn 26$10K

Net assetsLn 32−$7K

OperationsPt I, VI

EmployeesI 51

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$26K	$3K
Total assetsLn 16	$26K	$3K
LiabilitiesLn 26	$21K	$10K
Net assetsLn 32	$4K	−$7K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of officers and key staff (Part IX, line 5)Ln 5	$33K	$25K	$8K
Payroll taxesLn 10	$3K	$2K	$608
Accounting feesLn 11c	$6K	$4K	$2K
Other fees for servicesLn 11g	$30K	$26K	$4K
Advertising and promotionLn 12	$8K	$5K	$3K
Office expensesLn 13	$3K	$2K	$772
Information technologyLn 14	$1K	$453	$970
OccupancyLn 16	$631	$322	$309
TravelLn 17	$163	$124	$39
Depreciation, depletion and amortizationLn 22	$2K	$2K
Other expenses (24a–d)Ln 24	$2K	$2K	$191
Total functional expensesLn 25	$89K	$69K	$20K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Nov 11, 2025	$64K	$89K	−$25K	−$7K	990 PDF
FY2023Filed with the IRS Aug 5, 2024	$151K	$149K	$2K	$4K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $63,964 revenue, 12 lines filed

I-8 Contributions and grants$63,964

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenue$63,964

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$36,245

I-16a Professional fundraising fees$0

I-17 Other expenses$52,588

I-18 Total expenses$88,833

I-19 Revenue less expenses−$24,869

Part VI · Governance 2 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members2

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $63,964 across 5 lines filed

VIII-1e Government grants$44,841

VIII-1f All other contributions, gifts and grants$19,123

VIII-1h Total contributions, gifts and grants$63,964

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$63,964

Part IX · Statement of functional expenses $88,833 across 11 lines filed

IX-5 Pay of officers and key staff (Part IX, line 5)Programs $25,489 · Management $7,942$33,431

IX-10 Payroll taxesPrograms $2,206 · Management $608$2,814

IX-11c Accounting feesPrograms $3,673 · Management $2,314$5,987

IX-11g Other fees for servicesPrograms $26,280 · Management $3,662$29,942

IX-12 Advertising and promotionPrograms $5,000 · Management $2,928$7,928

IX-13 Office expensesPrograms $2,313 · Management $772$3,085

IX-14 Information technologyPrograms $453 · Management $970$1,423

IX-16 OccupancyPrograms $322 · Management $309$631

IX-17 TravelPrograms $124 · Management $39$163

IX-22 Depreciation, depletion and amortizationPrograms $1,738$1,738

IX-24 Other expenses (24a–d)Programs $1,500 · Management $191$1,691

IX-25 Total functional expensesPrograms $69,098 · Management $19,735 · Fundraising $0$88,833

Part X · Balance sheet $2,664 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $25,540$2,664

X-16 Total assetsStart of year $25,540$2,664

X-17 Accounts payable and accrued expensesStart of year $21,252$9,766

X-26 Total liabilitiesStart of year $21,252$9,766

X-27 Net assets without donor restrictionsStart of year $4,288−$7,102

X-32 Total net assets or fund balancesStart of year $4,288−$7,102

X-33 Total liabilities and net assetsStart of year $25,540$2,664

Part XI · Reconciliation of net assets −$7,102 net assets at year end

XI-1 Total revenue$63,964

XI-2 Total expenses$88,833

XI-3 Revenue less expenses−$24,869

XI-4 Net assets at start of year$4,288

XI-8 Prior period adjustments$13,479

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$7,102

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

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