2024-06-14T08:06:39-05:00 2023-12-31 382184825 HUNGERFORD CPAS ADVISORS 2910 LUCERNE DR SE GRAND RAPIDS MI 49546 990 2023-10-01 882752338 PUBLIC THREAD X PUBL 6167451222 446 CESAR E CHAVEZ AVENUE SW GRAND RAPIDS MI 49503 JANAY BROWER PRESIDENT 6167451222 2024-06-11 1 JANAY BROWER XXX-XX-XXXX 1 JENNIFER L ROGELL CPA P01291797 6169493200 2024-06-11 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z JANAY BROWER 446 CESAR E CHAVEZ AVENUE SW GRAND RAPIDS MI 49503 134801 0 X WWW.PUBLICTHREAD.ORG X 2022 MI TO HELP GROW LIVING WAGE JOBS, PROVIDE TRAINING, EDUCATION AND WORKFORCE DEVELOPMENT OPPORTUNITIES TO SUPPORT A GROWING CREATIVE ECONOMY, AND ADDRESS TEXTILE WASTE THROUGH LARGE SCALE UPCYCLING. 5 5 23 0 0 0 174157 95454 274784 0 0 0 65715 6625 514656 102079 0 0 0 0 79009 114715 0 0 9291 69602 25066 148611 139781 366045 -37702 374431 424779 8386 96436 366045 328343 TO HELP GROW LIVING WAGE JOBS, PROVIDE TRAINING, EDUCATION AND WORKFORCE DEVELOPMENT OPPORTUNITIES TO SUPPORT A GROWING CREATIVE ECONOMY, AND ADDRESS TEXTILE WASTE THROUGH LARGE SCALE UPCYCLING. 0 0 80765 6625 TO PROVIDE BOLD UPCYCLED LUXURY THAT SUPPORTS PEOPLE, THE PLANET, AND THE COMMUNITY. PART OF THIS MISSION IS REDUCING TEXTILE WASTE IN KENT COUNTY & PUBLIC THREAD POST-INDUSTRIAL TEXTILE WASTE DIVISION IN 2023, 20 TONS (40,038 POUNDS) OF TEXTILE "WASTE" WAS UPCYCLED AND REUSED 80765 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 23 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 MI X JANAY BROWER 6167451222 446 CESAR E CHAVEZ AVENUE SW GRAND RAPIDS MI 49503 BECA VELASZQUEZ PUBLES SECRETARY 1.00 X X 0 0 0 KARI BLISS VICE PRESIDENT 1.00 X X 0 0 0 JAKE HIMMELSPACH TREASURER 1.00 X X 0 0 0 ALICE JASPER PRESIDENT 1.00 X X 0 0 0 ANNE MARIE HERTL BOARD MEMBER 1.00 X 0 0 0 JANAY BROWER CHIEF EXECUTIVE OFFICER 40.00 X 49677 0 0 49677 0 0 0 0 0 0 0 95454 17750 95454 28907 32722 -3815 -3815 INSURANCE RECOVERIES 524298 10440 10440 10440 102079 6625 0 0 20193 10096 5409 4688 84646 56169 28477 9876 6426 3068 382 750 750 150 150 3755 3755 2144 2144 5103 2614 2489 290 145 145 2256 1349 907 2874 1549 1325 292 292 TOOLS & EQUIPMENT 4446 2122 2324 CONTRACT EXPENSE 2077 2077 BANK AND SERVICE FEES 426 3 423 DUES AND SUBSCRIPTIONS 285 285 218 218 139781 80765 49725 9291 364679 256381 2752 21861 40768 292 2000 40476 101061 5000 5000 374431 424779 8386 18954 0 77482 8386 96436 X 0 0 0 0 366045 328343 366045 328343 374431 424779 -37702 0 X 0 0 0 X 171405 77704 249109 94600 28907 123507 266005 106611 372616 0 0 0 372616 951 0 951 951 951 274784 10440 285224 541740 117051 658791 X PART III, SHORT YEAR EXPLANATION: ENTITY HAS CHANGED ITS ACCOUNTING METHOD FROM A SEPTEMBER 30 FISCAL YEAR-END TO A DECEMBER 31 FISCAL YEAR-END. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40768 292 40476 40476 N/P NORTHERN INITIATIVES 76631 SECURITY DEPOSIT 851 77482 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S BOARD RIGOROUSLY REVIEWS FORM 990 BEFORE IT IS SUBMITTED TO ENSURE ACCURACY AND TRANSPARENCY IN OUR FINANCIAL REPORTING. THIS CRITICAL REVIEW PROCESS INVOLVES A DETAILED EXAMINATION OF THE FORM, FOLLOWED BY FORMAL APPROVAL FROM THE BOARD. THIS PRACTICE UNDERSCORES OUR COMMITMENT TO ETHICAL FINANCIAL MANAGEMENT AND ACCOUNTABILITY TO OUR STAKEHOLDERS. BY THOROUGHLY VETTING AND APPROVING FORM 990, THE BOARD ENSURES THAT OUR FINANCIAL DISCLOSURES REFLECT OUR ORGANIZATION'S INTEGRITY AND ADHERENCE TO REGULATORY REQUIREMENTS. FORM 990, PART VI, SECTION B, LINE 12 CURRENTLY ESTABLISHING POLICIES FORM 990, PART VI, SECTION B, LINE 15 OUR LEADERSHIP TEAM DISCUSSES THE RATES, WHAT WE CAN AFFORD, AND WHAT FUNDING IS ANTICIPATED. MULTIPLE STAFF MEMBERS ARE INVOLVED IN CONVERSATIONS REGARDING CONTRACTOR AND EMPLOYEE COMPENSATION. ADDITIONALLY, THE BOARD REVIEWED THE COMPENSATION PLANS FOR THE YEAR AND APPROVED THEM. THE BOARD REVIEWS THE COMPENSATION OF LEADERSHIP AND CONDUCTS ONGOING BUDGET REVIEWS. HOWEVER, THEY ARE NOT INVOLVED IN STAFF COMPENSATION. FOR NEW SEWISTS OR OTHER PRODUCTION STAFF, THE PAY RATE IS DETERMINED BY THE HOURS AVAILABLE AND SKILL SET, WHICH IS ASSESSED WITH A SEWING TEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION IS ACTIVELY IN THE PROCESS OF DRAFTING ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY. ONCE FINALIZED, THESE CRITICAL DOCUMENTS WILL BE AVAILABLE UPON REQUEST, ENSURING TRANSPARENCY AND ADHERENCE TO BEST PRACTICES IN GOVERNANCE. THIS INITIATIVE REFLECTS OUR COMMITMENT TO OPERATIONAL INTEGRITY AND ETHICAL MANAGEMENT. ADDITIONALLY, OUR FINANCIAL STATEMENTS, WHICH PROVIDE A CLEAR AND COMPREHENSIVE VIEW OF THE ORGANIZATION'S FINANCIAL HEALTH, ARE READILY AVAILABLE UPON REQUEST. WE ENSURE THAT ALL FINANCIAL INFORMATION IS PRESENTED TRANSPARENTLY, MAKING IT ACCESSIBLE TO STAKEHOLDERS WHO WISH TO UNDERSTAND OUR FINANCIAL MANAGEMENT AND PERFORMANCE.