42strong EIN 87-4038241

42strong

EIN  87-4038241 Public charity (501(c)(3)) Oxford, MI
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Helps students build purpose, community, and resilience.
Leadership
William Buck Myre · Executive Director
Money in and out
$310K revenue, $258K expenses
Bottom line
84% program efficiency

Helps students build purpose, community, and resilience. For fiscal year 2024 it reported $310K in revenue, $258K in expenses, and $433K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$310K
Pt VIII · Ln 12
Total expenses
$258K
Pt IX · Ln 25
Net assets
$433K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $52K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.10 Fundraising $0.06
Program efficiency
84%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
66.1mo
months of highly liquid reserves at operating expense rate▲ +203% vs prior filing year
Surplus margin
+17%
revenue over expenses, this year▼ -33% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$310K
FY2024▲ +20%
Expenses
$258K
FY2024▲ +33%
Total assets
$1.4M
FY2024▲ +267%
Total liabilities
$1.0M
FY2024▲ ×91
Total revenue
$310K
Pt VIII · Ln 12
Total expenses
$258K
Pt IX · Ln 25
Net assets
$433K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$52K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $217K of program spending, described in the organization's own filed words · FY2024.
01

Provided an unmatched peer-to-peer mentoring program based on the consistency, caring and humble confidence tate myre displayed during his life.

$217Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item C42strong
EINHdr · item D87-4038241
Principal addressHdr · item COxford, MI
WebsiteHdr · item J42strongtate.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFFeb 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$213K · 69%
Other revenue$83K · 27%
Investment income$14K · 4%
Contributions & grants69%$213K
Other revenue27%$83K
Investment income4%$14K
Total revenueLn 12$310K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.10 Fundraising $0.06
Program services84%$217K
Management & general10%$27K
Fundraising6%$14K
Total functional expensesLn 25$258K

Balance Sheet

Part X · end of year
CashLn 1$1.4M
Total assetsLn 16$1.4M
Total liabilitiesLn 26$1.0M
Total net assetsLn 32$433K
Months of cash on handcomputed66.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses/yr $258K
66.1 months
Where the money goes
Program services
Program services $217K · Total expenses $258K
84%
Management & General
Management & general $27K · Total expenses $258K
10%
Fundraising
Fundraising $14K · Total expenses $258K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $15K · Solicited contributions (3-yr avg) $223K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $213K · Total revenue $310K
69%
Government reliance
Government grants — · Total revenue $310K
Earned-income share
Program service revenue $0 · Total revenue $310K
0%
Investment reliance
Investment income $14K · Total revenue $310K
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $258K
0%
Growth & trend
Revenue growth (YoY)
This year $310K · Prior year $258K
+20%
Net-asset trend (YoY)
End of year $433K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $310K · Expenses $258K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $433K · Total assets $1.4M
30%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual William Buck Myre · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $0 · Total expenses $258K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $258K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 10%
Fundraising cost ratio 7%
Revenue growth 20%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$5K

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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)$310K revenue · viewing · ⤓ 990 PDF
FY2023$258K revenue · ⤓ 990 PDF
FY2022$376K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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