Project 412
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Boosts the Lakes Area's culture and economy through connections and improvements. For fiscal year 2024 it reported $1.3M in revenue, $1.6M in expenses, and $190K in net assets.Pt I
Summary of the Filing
Where the work happens
Project 412 was created with the sole public charitable purpose of making detroit lakes a better place for all. The mission is to elevate the cultural and economic vibrancy of the 412 lakes area and we do that by offering a plethora of free events and opportunities for the community.
As stated in our mission, 100% of all we do is for charitable purposes. We have created a series of free music concerts in the park that bring so much joy, healing, and a sense of belonging to our community.
Our ecosystem builder program is a free charitable service centered on community growth and well-being, which is so important in fostering long- term positive change. By offering free coaching and support to new entrepreneurs and existing businesses, we're creating a dynamic and thriving local economy.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Amy Stearns’s $105K as Executive Di is at the 23rd percentile of top reported officer pay among 2834 $1–10M 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.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Amy Stearns | $105,000 | — | — |
| Michelle Maier | $48,960 | $31,500 | — |
| Amy Stoller Stearns | — | — | $30,769 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 87% | — | — |
| Overhead ratio | 7% | — | — |
| Fundraising cost ratio | 8% | — | — |
| Revenue growth | 28% | — | — |
| Accounting fee ratio | 1% | — | — |
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
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Filings & Schedule Manifest
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Sources
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