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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 20-4775521

BIZDOM

Tax-exempt · DETROIT, MI 48226

Financials

$0$11K2023$0$8K2024
Revenue Expenses · by fiscal year end
Financials of BIZDOM by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$0$7,594-$7,594$349,031$1,348,827-$999,796
December 31, 2023990$0$10,817-$10,817$348,625$1,340,827-$992,202
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$2,762
Management and general (functional)
$7,594

Balance sheet and other

Total assets, start of year
$348,625
Total assets, end of year
$349,031
Total liabilities, end of year
$1,348,827
Net assets, end of year
-$999,796
Net assets without donor restrictions
-$999,796
Gross receipts
$0
Employees
0
Volunteers
3
Year formed
2006
State of legal domicile
MI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LAURA GRANNEMANNPRESIDENT/TREASURER/SECRETARY
Trustee or director, Officer
1$0
JEFF HELPERNDIRECTOR
Trustee or director
1$0
TODD SACHSEDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
LAURA GRANNEMANNPRESIDENT/TREASURER/SECRETARY
Trustee or director, Officer
1$0
JEFF HELPERNDIRECTOR
Trustee or director
1$0
TODD SACHSEDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
CO TAX TEAM 1074 WOODWARD AVE, DETROIT, MI 48226-0000
In care of
% ROSS SANDERS
Principal officer (990 for 2024)
LAURA GRANNEMANN, C/O TAX TEAM 1074 WOODWARD AVE, DETROIT, MI 48226
Signed the 990
LAURA GRANNEMANN, PRESIDENT/TREASURER/SECRETARY
Phone
(313) 730-4801
Return prepared by
BAKER TILLY ADVISORY GROUP LP

Mission

TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES BY ESTABLISHING, MAINTAINING AND OPERATING ACADEMIES DEVOTED TO TEACHING BUSINESS AND ENTREPRENEURIAL SKILLS TO STUDENTS WITH THE INTENT OF TRAINING, MENTORING AND SUPPORTING ASPIRING ENTREPRENEURS IN THE CREATION, DEVELOPMENT, AND ONGOING MANAGEMENT OF SUCCESSFUL BUSINESS VENTURES WITH A NEXUS TO DETROIT, MICHIGAN OR CLEVELAND, OHIO.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE TRAINING AND MENTORING TO ASPIRING ENTREPRENEURS TO OPEN INNOVATIVE, GROWTH-ORIENTED, DETROIT OR CLEVELAND TECH-BASED START-UPS. WE PROVIDED OUR SERVICES TO NEW START-UPS IN THE CITY OF DETROIT AND NEW START-UPS IN THE CITY OF CLEVELAND.

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

File the 2025 990-N for BIZDOM

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
20-4775521
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2007
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Category (NTEE)
Education (B50)
Assets (IRS master file)
$349,031

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$0$7,594$349,031XML
990December 2023$0$10,817$348,625XML
990December 2022$0$5,486$343,643IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-4775521).

Questions about BIZDOM

What is the EIN of BIZDOM?
The employer identification number (EIN) of BIZDOM is 20-4775521.
Is BIZDOM tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to BIZDOM tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BIZDOM file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of BIZDOM due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BIZDOM last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of BIZDOM?
The 990 for the year ended December 31, 2024 names LAURA GRANNEMANN.
Who are the officers and directors of BIZDOM?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does BIZDOM have?
On its 990 for the year ended December 31, 2024 it reported revenue of $0, expenses of $7,594 and total assets of $349,031 at year end.

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