philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Digital Lakes INC

Tax-deductible

Troy, MI501(c)(3)Science & Technology EIN 87-4084987Revenue $278K in FY2023

On file with the IRSdigital-lakes.org5440 Corporate Dr Ste 260, 48098-2621 · Troy, MITax-exempt since Sep 2023Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To showcase michigan as a premier Digital hub - attracting, developing, and retaining top tech talent across industries, while simultaneously enhancing the growth and vitality of our state and the economy.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $35K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$115K
117% of total assets
Concern: liabilities are 117% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$278K
+271% vs prior year
Spent
$295K
To programs
99%
Net assets
−$16K
By yearFY2022–FY2023
Revenue
$278K
FY2023▲ +271%
Tap a bar for its year
Revenue by fiscal year
FY2022$75K
FY2023$278K
Net assets
−$16K
FY2023▼ -2474%
Tap a bar for its year
Net assets by fiscal year
FY2022$690
FY2023−$16K

From the FY2023 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Sep 2023.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $292K Management & general 1% · $3K

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

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
John Fikany
Co-Founder
$0Pt VII · Sec A
$0Pt VII · Sec A
Clemm Howard
Board Member
$0Pt VII · Sec A
Shatica McDonald
Board Member
$0Pt VII · Sec A
Glenn Stevens
Board Member
$0Pt VII · Sec A
George Surdu
Co-Founder
$0Pt VII · Sec A
Mike Treash
Board Member
$0Pt VII · Sec A
Sangy Vatsa
Co-Founder
$0Pt VII · Sec A
See Digital Lakes INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Attracts, develops, and retains tech talent to boost Michigan's economy and digital presence.

Questions for Digital Lakes INC

Tap to ask. Digital Lakes INC sees how many people are interested.

Your first name shows with your question. Digital Lakes INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $292K · in their own filed words · FY2023
01

Micro-Internship Program

A talent attraction and retention program, specifically designed to introduce students to the wide variety of technology related careers, attracting top talent to our companies and the state.

$292Kprogram 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
American Online Giving Foundation INCFY2024$35K
Total grants receivedfrom 1 funder$35K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$278K
Ln 12
Gifts and grantsLn 1h$278K
Money outPt IX
$295K
Ln 25
Programscol B$292K
Managementcol C$3K
Owns and owesPt X
−$16K
net assets · Ln 32
Cash and savingsLn 1–2$98K
Total assetsLn 16$98K
LiabilitiesLn 26$115K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$278K
Government grantsLn 1e$200K
Total revenueLn 12$278K
Assets in detailPt X, end of year
CashLn 1$98K
Cash and savings togetherLn 1–2$98K
Total assetsLn 16$98K
LiabilitiesLn 26$115K
Net assetsLn 32−$16K
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 FY23End FY23
Cash and savingsLn 1–2$75K$98K
Total assetsLn 16$75K$98K
LiabilitiesLn 26$74K$115K
Net assetsLn 32$690−$16K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$100$100
Other salaries and wagesLn 7$238K$238K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$19K$19K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$3K$345$3K
Conferences, conventions and meetingsLn 19$21K$21K$250
Total functional expensesLn 25$295K$292K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $278K$295K−$17K−$16K 990 PDF
FY2022 $75K$690 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $278,012 revenue, 12 lines filed
I-8 Contributions and grants$278,012
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$278,012
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$100
I-15 Salaries and benefits$261,722
I-16a Professional fundraising fees$0
I-17 Other expenses$33,258
I-18 Total expenses$295,080
I-19 Revenue less expenses−$17,068
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $278,012 across 4 lines filed
VIII-1e Government grants$200,000
VIII-1f All other contributions, gifts and grants$78,012
VIII-1h Total contributions, gifts and grants$278,012
VIII-12 Total revenue$278,012
Part IX · Statement of functional expenses $295,080 across 9 lines filed
IX-4 Benefits paid to or for membersPrograms $100$100
IX-7 Other salaries and wagesPrograms $237,883$237,883
IX-9 Other employee benefitsPrograms $5,320$5,320
IX-10 Payroll taxesPrograms $18,519$18,519
IX-11c Accounting feesPrograms $1,600$1,600
IX-11g Other fees for servicesPrograms $5,036$5,036
IX-12 Advertising and promotionPrograms $2,342$2,342
IX-13 Office expensesPrograms $345 · Management $2,933$3,278
IX-19 Conferences, conventions and meetingsPrograms $20,752 · Management $250$21,002
IX-25 Total functional expensesPrograms $291,897 · Management $3,183 · Fundraising $0$295,080
Part X · Balance sheet $98,339 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $74,994$98,339
X-16 Total assetsStart of year $74,994$98,339
X-17 Accounts payable and accrued expensesStart of year $74,304$114,717
X-26 Total liabilitiesStart of year $74,304$114,717
X-27 Net assets without donor restrictionsStart of year $690−$16,378
X-32 Total net assets or fund balancesStart of year $690−$16,378
X-33 Total liabilities and net assetsStart of year $74,994$98,339
Part XI · Reconciliation of net assets −$16,378 net assets at year end
XI-1 Total revenue$278,012
XI-2 Total expenses$295,080
XI-3 Revenue less expenses−$17,068
XI-4 Net assets at start of year$690
XI-10 Net assets at end of year−$16,378

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.