Michigan Academy for the Development of Entrepreneurs

Nonprofit profile at a glance

EIN: 822747633
IRS 990-EZ coverage: 2017–2023
Forms available: Form 990-EZ 2023
Location: Ann Arbor, MI, USA
Phone: 7347648008
Rating: 93
Verdict: STRONG
Rating confidence: Moderate
Sector: Philanthropy, Charity, Voluntarism Promotion

Official website

Reported finances

Revenue: $25,000
Expenses: $29,343
Assets: $6,026
Liabilities: $0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

PAUL CLYDE (PRESIDENT/TREASURER)

People named in this filing

PAUL CLYDE (PRESIDENT/TREASURER)
STEWART THORNHILL (SECRETARY)
BHARATH KRISHNA (DIRECTOR)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide educational tools, coaching, consulting, and funding for entrepreneurs in emerging economies through locally based enterprise development organizations (edo).

What it reported doing in 2023

Development and testing of business assessment tools and entrepreneur coaching tools for entrepreneurship development organizations in emerging economies.

Operating model

Revenue model: Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

Financial Efficiency: 100
Transparency & Controls: 100
Sustainability: 32
Growth: 20

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 100%; rating input score 100

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: -17.4%; rating input score 26; 26th percentile among comparable filings
Total-asset coverage ratio: 0.21; rating input score 16; 16th percentile among comparable filings
Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: -17.2% per year; rating input score 0; 20th percentile among comparable filings
Revenue growth: -19.6% per year; rating input score 0; 16th percentile among comparable filings
Asset growth: 1.7% per year; rating input score 100; 45th percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 100% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $29K in reported program spending
Leadership: top reported pay $0 · 3 people listed
Consistency: 8 of 8 current checks pass
Schedules: 2 filed schedules
Filing history: 5 filing years from 2017 to 2023
Contacts: How to reach this organization
Grant readiness: Federal tax and exclusion status, award history, and grant-maker 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.

High — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
High — Sustainability: Operating margin scored 26/100.
High — Sustainability: Total-asset coverage ratio scored 16/100.
Review — Sustainability: Officer compensation ratio scored 56/100.