Preserve Michigans Future Fund FY2022 filing

Lansing, MIUnknown exempt organizationEIN 86-2210754

To support public policies on the federal, state, and local levels, that will bring about civic betterments and social improvements to Michigan residents and to promote civic action and social welfare by promoting the common good and general welfare of the residents of, and visitors to the State of Michigan.

98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
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 2
filings with a surplus
Average surplus $270K a year · 27% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $185K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+78% vs prior year
Spent
$1.4M
To programs
98%
Net assets
$542K
By yearFY2021–FY2024
Revenue
$1.3M
FY2022▲ +78%
Revenue by fiscal year
FY2021$728K
FY2022$1.3M
FY2023$0
FY2024$60
Expenses
$1.4M
FY2022▲ ×17
Expenses by fiscal year
FY2021$84K
FY2022$1.4M
FY2023Not on file
FY2024Not on file
Net assets
$542K
FY2022▼ -16%
Net assets by fiscal year
FY2021$644K
FY2022$542K
FY2023$169K
FY2024$81K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.4M Management & general 2% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treas
$0Pt VII · Sec A
Asst Secretary
$0Pt VII · Sec A
Asst Treasurer
$0Pt VII · Sec A
See Preserve Michigans Future Fund 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Advocates for public policies to improve Michigan residents' civic and social well-being.

Provided by the organization

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3 program services account for $1.4M of program spending, described in the organization's own filed words · FY2022.
01

Issue advocacy and promotion of programs that increase participation in state government.

$823Kprogram expense
02

Donations to organizations with charitable, social welfare, or political purposes.

$516Kprogram expense
03

Advocacy for public policy issues that strengthen Michigan's economic and social future through participation in meetings, conferences, and strategic communications.

$33Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2022
See all 5 funders →
Grants paid · 12 grants · $511K · 2021–2022
Integrity in Government FundMI · FY2022$280,000
Michigan Republican Party AdmFY2022$80,000
Building a Better EconomyMI · FY2022$50,000
United Way of Clare CountyMI · FY2022$25,000
St Dominic Catholic ParishFY2022$10,000
Fair MapsMI · FY2022$10,000
Angels of Action INCMI · FY2022$10,000
Children Trust MichiganFY2021$6,355

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.3M
Other incomeLn 4–11$85
Money outPt IX
$1.4M
Ln 25
Programscol B$1.4M
Managementcol C$24K
Owns and owesPt X
$542K
net assets · Ln 32
Cash and savingsLn 1–2$542K
Total assetsLn 16$542K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Other incomeLn 4–11$85
Gains on assetsLn 7$0
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$542K
SavingsLn 2$0
Cash and savings togetherLn 1–2$542K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$542K
LiabilitiesLn 26$0
Net assetsLn 32$542K
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 FY22End FY22
Cash and savingsLn 1–2$644K$542K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$644K$542K
LiabilitiesLn 26$0$0
Net assetsLn 32$644K$542K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$516K$516K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$24K$24K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$823K$823K
Advertising and promotionLn 12$0
Office expensesLn 13$127$127
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$200$200
TravelLn 17$25K$25K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$8K$7K$251
All other expensesLn 24e$0
Total functional expensesLn 25$1.4M$1.4M$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $60$81K 990 PDF
FY2023 $0$169K 990 PDF
FY2022 Viewing $1.3M$1.4M−$104K$542K 990 PDF
FY2021 $728K$84K$644K$644K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $1,292,835 across 9 lines filed
VIII-1f All other contributions, gifts and grants$1,292,750
VIII-1h Total contributions, gifts and grants$1,292,750
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $85$85
VIII-12 Total revenueRelated to mission $85$1,292,835
Part IX · Statement of functional expenses $1,396,970 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $516,340$516,340
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $24,064$24,064
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $823,215$823,215
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $127$127
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $200$200
IX-17 TravelPrograms $25,279$25,279
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $7,494 · Management $251$7,745
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,372,528 · Management $24,442 · Fundraising $0$1,396,970
Part X · Balance sheet $542,047 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $644,250$542,047
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $644,250$542,047
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $644,250$542,047
X-32 Total net assets or fund balancesStart of year $644,250$542,047
X-33 Total liabilities and net assetsStart of year $644,250$542,047
Part XI · Reconciliation of net assets $542,047 net assets at year end
XI-1 Total revenue$1,292,835
XI-2 Total expenses$1,396,970
XI-3 Revenue less expenses−$104,135
XI-4 Net assets at start of year$644,250
XI-9 Other changes in net assets$1,932
XI-10 Net assets at end of year$542,047

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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