2024-08-26T10:45:45-05:00 2023-12-31 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2023-01-01 833598690 DESK DRAWER FUND DESK 5173332299 3777 WEST RD EAST LANSING MI 48823 REBECCA SURIAN EXECUTIVE DIRECTOR 5173332299 2024-08-20 1 1 JOSHUA NITZ CPA P01946955 2695674500 2024-08-09 2023 2024-08-08 14:25:15Z REBECCA SURIAN 3777 WEST RD EAST LANSING MI 48823 3286571 0 X HTTPS://WWW.DESKDRAWERFUND.ORG/ X 2018 MI OUR MISSION IS TO EMPOWER MEMBERS, EMPLOYEES, AND OTHER BUSINESSES TO CONTRIBUTE TO A UNIVERSAL WELLBEING BY INVESTING IN OUR LOCAL COMMUNITIES AND HELPING THEM FLOURISH. 6 6 0 7 49736 36552 571888 3151811 0 0 0 0 25279 49736 597167 3201547 539641 605213 0 0 0 0 0 0 0 49662 53275 589303 658488 7864 2543059 186107 2670368 70449 11651 115658 2658717 X OUR MISSION IS TO EMPOWER MEMBERS, EMPLOYEES, AND OTHER BUSINESSES TO CONTRIBUTE TO A UNIVERSAL WELLBEING BY INVESTING IN OUR LOCAL COMMUNITIES AND HELPING THEM FLOURISH. 0 0 605213 605213 ARTS & CULTURE: SUPPORTS THEATER, THE VISUAL ARTS, AND ARTISTS TO ESTABLISH AND PROMOTE CREATIVITY. 4 ORGANIZATIONS SERVED.STABLE HOUSING: ENSURES SUPPORT FOR ALL COMMUNITY MEMBERS IN SECURING RELIABLE AND SAFE SHELTER. 7 ORGANIZATIONS SERVED.EMPOWERING YOUTH: REMOVES BARRIERS FOR YOUTH TO SHARE THEIR IDEAS AND EMPOWERS FUTURE LEADERS. 5 ORGANIZATIONS SERVED.FINANCIAL EDUCATION: ENGAGES AND EDUCATES COMMUNITY MEMBERS TO TAKE CHARGE OF THEIR FINANCES. 2 ORGANIZATIONS SERVED.FOSTERING ENTREPRENEURIALISM: EMPOWERS AND EDUCATES ENTREPRENEURS TO DEVELOP SKILLS AND EXPLORE PROGRAMS. 2 ORGANIZATIONS SERVED. 605213 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 6 4 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X JACKIE GORDON 5173332424 3777 WEST ROAD EAST LANSING MI 48823 ERNEST BETTS CHAIR 2.00 5.00 X X 0 0 0 ANGELA BROWN SECRETARY 2.00 5.00 X X 0 0 0 ELLIOT DANIELS DIRECTOR 2.00 5.00 X 0 0 0 ELIZABETH LAWRENCE DIRECTOR 2.00 5.00 X 0 0 0 DIANE OTTARSON-LANDRY DIRECTOR 2.00 5.00 X 0 0 0 DANIEL SPADAFORE DIRECTOR 2.00 5.00 X 0 0 0 DYLAN MINOR DIRECTOR - PART YEAR 2.00 5.00 X 0 0 0 SUSANNE ELKINS EXECUTIVE DIRECTOR - PART YEAR 8.00 50.00 X 0 237907 30254 0 237907 30254 0 0 1 0 0 2775000 376811 3151811 134760 85024 49736 49736 3201547 0 49736 0 605213 605213 36781 36781 258 258 6709 6709 MISCELLANEOUS EXPENSE 9527 9527 658488 605213 53275 0 186107 170368 2500000 186107 2670368 11276 6456 53735 0 5438 5195 70449 11651 X 0 0 0 0 115658 2658717 115658 2658717 186107 2670368 2543059 0 X X 0 1 X 1 0 X 321625 467330 526094 571888 3151811 5038748 321625 467330 526094 571888 3151811 5038748 5038748 25279 49736 75015 5113763 0.98530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INVESTMENT IN VERTE INVESTMENTS, LLC 2500000 C 2500000 5187 DUE TO MSUFCU 8 5195 X 429579835 141600 426236688 426378288 3201547 0 3201547 387640368 141600 386840280 386981880 658488 0 658488 PART X, LINE 2: THE DESK DRAWER FUND IS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM TAX UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY DDF AND RECOGNIZE A TAX LIABILITY IF DDF HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY DDF AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. DDF IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION REVENUE 426,236,688. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSE 386,840,280. 134760 66370 18654 0 134760 66370 18654 85024 49736 MI 1 0 0 0 1.00000 JACKIE GORDON 3777 WEST ROAD EAST LANSING MI 48823 0 SAMANTHA WILLET 18271 SUPERVISES EMPLOYEES WHO KEEP RECORDS, COUNT MONEY, OVERSEE GAMING ACTIVITIES DURING EVENTS AND PREPARE STATE MANDATED FINANCIAL REPORTS X 0 1 ACCELERATE4KIDS 440 BURROUGHS ST STE 187 DETROIT MI 48202 814456932 501(C)(3) 9000 0 N/A N/A FOSTERING ENTREPRENEURSHIP ALLEN NEIGHBORHOOD CENTER 1611 E KALAMAZOO ST LANSING MI 48912 383502484 501(C)(3) 46828 0 N/A N/A STABLE HOUSING CAPITAL AREA HOUSING PARTNERSHIP 600 W MAPLE ST STE D LANSING MI 48906 383099281 501(C)(3) 7500 0 N/A N/A STABLE HOUSING CAPITAL AREA UNITED WAY 330 MARSHALL STREET STE 203 LANSING MI 48912 381363572 501(C)(3) 30557 0 N/A N/A STABLE HOUSING CHILD AND FAMILY CHARITIES 4287 FIVE OAKS DR LANSING MI 48911 382118108 501(C)(3) 100000 0 N/A N/A EMPOWERING YOUTH CITY OF EAST LANSING 410 ABBOT RD EAST LANSING MI 48823 386004674 501(C)(3) 10000 0 N/A N/A ARTS & CULTURE DETROIT INSTITUTE OF ARTS 5200 WOODWARD AVE DETROIT MI 48202 381359510 501(C)(3) 50000 0 N/A N/A ARTS & CULTURE DETROIT PUBLIC THEATRE 684 W BALTIMORE ST 201 DETROIT MI 48202 473449342 501(C)(3) 25000 0 N/A N/A ARTS & CULTURE FAMILY PROMISE OF WEST MICHIGAN 516 CHERRY ST SE GRAND RAPIDS MI 49503 383357709 501(C)(3) 10000 0 N/A N/A STABLE HOUSING HABITAT FOR HUMANITY CAPITAL REGION 1941 BENJAMIN DR LANSING MI 48906 382716658 501(C)(3) 75000 0 N/A N/A STABLE HOUSING HABITAT FOR HUMANITY GRAND TRAVERSE REGION PO BOX 5412 TRAVERSE CITY MI 49696 382753833 501(C)(3) 10000 0 N/A N/A STABLE HOUSING IMPRESSION 5 200 MUSEUM DRIVE LANSING MI 48933 237200548 501(C)(3) 25000 0 N/A N/A EMPOWERING YOUTH KIDS FOOD BASKET 1300 PLYMOUTH AVE NE GRAND RAPIDS MI 49505 043760991 501(C)(3) 8334 0 N/A N/A EMPOWERING YOUTH LANSING ART GALLERY & EDUCATION CENTER 119 N WASHINGTON SQ STE 101 LANSING MI 48933 381889973 501(C)(3) 15000 0 N/A N/A ARTS & CULTURE LANSING SAVE 200 N FOSTER AVE LANSING MI 48912 453363322 501(C)(3) 25000 0 N/A N/A FINANCIAL EDUCATION MICHIGAN WOMEN FORWARD 105 W ALLEGAN ST SUITE 10 LANSING MI 48933 382689979 501(C)(3) 30000 0 N/A N/A FOSTERING ENTREPRENEURSHIP NEW DAY FOUNDATION 245 BARCLAY CIRCLE SUITE 300 ROCHESTER HILLS MI 48307 260609040 501(C)(3) 39108 0 N/A N/A FINANCIAL EDUCATION THE DAVIES PROJECT 230 BINGHAM ST 100 LANSING MI 48912 461209200 501(C)(3) 39253 0 N/A N/A EMPOWERING YOUTH WOMEN'S RESOURCE CENTER 720 S ELMWOOD STE 2 TRAVERSE CITY MI 49684 382164580 501(C)(3) 47965 0 N/A N/A STABLE HOUSING 19 0 PART I, LINE 2: THE DESK DRAWER FUND HAS FIVE PHILANTHROPIC PILLARS (ARTS AND CULTURE, STABLE HOUSING, EMPOWERING YOUTH, FINANCIAL EDUCATION, AND FOSTERING ENTREPRENEURIALISM) THAT ARE USED AS SELECTION CRITERIA TO AWARD GRANTS. MONITORING PROCEDURES INCLUDE REQUIRING YEARLY REPORTS FROM ALL ORGANIZATIONS THAT ARE AWARDED FUNDS. 0 0 0 0 0 0 0 0 0 SUSANNE ELKINS EXECUTIVE DIRECTOR - PART YEAR 0 237907 0 0 0 0 0 23791 0 6463 0 268161 0 0 FORM 990, PART VI, SECTION A, LINE 6 MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION, THE SOLE MEMBER, HAS THE RIGHT TO ELECT THE DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B IN ITS CAPACITY AS SOLE MEMBER, MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION HAS THE POWER TO: A.) ELECT DIRECTORS; B.) APPROVE ALL AMENDMENTS TO THE ARTICLES OF INCORPORATION; C.) DISSOLVE, MERGE, SELL SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS, AND LEASE SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS; AND D.) ADMIT ANY NEW MEMBER OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE BOARD CHAIR PRIOR TO FILING. THE BOARD IS PROVIDED A COPY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER MUST SIGN AND UPDATE A STATEMENT IDENTIFYING ANY CONFLICTS OF INTEREST AND HAS PERSONAL RESPONSIBILITY TO IDENTIFY WHEN A CONFLICT OR POTENTIAL CONFLICT ARISES. CONFLICTS OR POTENTIAL CONFLICTS WILL BE REVIEWED AND INVESTIGATED BY THE BOARD. IF A CONFLICT ARISES, THE BOARD MEMBER MUST LEAVE THE ROOM DURING DISCUSSION AND ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. SECTION 168(H)(6)(F) ELECTION: THE TAXPAYER IS THE TAX-EXEMPT PARENT OF A TAX-EXEMPT CONTROLLED ENTITY WHICH HAS MADE A SECTION 168(H)(6)(F)(II) ELECTION TO NOT BE TREATED AS A TAX-EXEMPT ENTITY. AS A RESULT OF THIS ELECTION, THE TAXPAYER IS AWARE THAT IT IS TO RECOGNIZE ANY GAIN ON THE DISPOSITION OF ITS INTEREST IN THE TAX-EXEMPT CONTROLLED ENTITY AS UNRELATED BUSINESS TAXABLE INCOME UNDER CODE SECTION 511. THIS ELECTION IS IRREVOCABLE. MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 3777 WEST ROAD EAST LANSING MI 48823 381373106 CREDIT UNION MI 501(C)(1) N/A N/A 0 VERTE INVESTMENTS LLC 3777 WEST RD EAST LANSING MI 48823 931799906 TO SUPPORT MINORITY INVESTMENT IN REDEVELOPMENT PROJECTS MI DESK DRAWER FUND C 2500000 1.00000 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION C 2775000 ACTUAL AMOUNT VERTE INVESTMENTS LLC B 2500000 ACTUAL AMOUNT