Innovate Michigan Fund
Nonprofit profile at a glance
- EIN
- 991025945
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024
- Location
- Lansing, MI, USA
- Phone
- 5173749100
- Rating confidence
- Limited
Reported finances
- Revenue
- $87,000
- Expenses
- $4,681
- Assets
- $82,319
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- VANSHIPAL PURI (CHAIRPERSON)
- POONAM SINGHAL (VICE CHAIRPRSN)
- NISHI SINGHAL (SEC/TREAS)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To operate exclusively for the promotion of civic action and social welfare by promoting the common good and general welfare of the residents of, and visitors to the State of Michigan; To support public policies on the federal, state, and local levels, that will bring about civic betterments and social improvements to Michigan residents; To support activities and programs that improve the quality and effectiveness of government for the State of Michigan; To promote, encourage and advocate citizen participation in political events, civic events and activities, and governmental events and associated activities; To promote charitable causes, including lessening the burdens of government in the State of Michigan; and To receive and administer funds to sponsor, conduct research, secure goods and services, or to hold events in conjunction with the promotion of these purposes.
What it reported doing in 2024
No program services were provided during the 2024 calendar year
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 100
- Sustainability: 81
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 94.6%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 17.59; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Officer compensation ratio scored 56/100.