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Nonprofit · EIN 26-0730096

BIZDOM U FUND

Tax-exempt · DETROIT, MI 48226

Financials

$23K$43K2023$206K$7K2024
Revenue Expenses · by fiscal year end
Financials of BIZDOM U FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$206,173$7,375$198,798$3,308,976$996,490$2,312,486
December 31, 2023990$22,516$42,601-$20,085$3,110,178$996,490$2,113,688
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$203,873
Other revenue
$2,300

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$6,615
Management and general (functional)
$7,375

Balance sheet and other

Total assets, start of year
$3,110,178
Total assets, end of year
$3,308,976
Total liabilities, end of year
$996,490
Net assets, end of year
$2,312,486
Net assets without donor restrictions
$2,312,486
Gross unrelated business income
$198,001
Gross receipts
$206,173
Employees
0
Volunteers
3
Year formed
2009
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/SECRET
Trustee or director, Officer
1$0
JACOB COHENDIRECTOR
Trustee or director
1$0
MATTHEW RIZIKDIRECTOR
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
JACOB COHENDIRECTOR
Trustee or director
1$0
MATTHEW RIZIKDIRECTOR
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
% ROCK VENTURES
Mailing address (990-N for 2008)
5260 Anthony Wayne Drive, Detroit MI 48202
Principal officer (990 for 2024)
LAURA GRANNEMANN, C/O TAX TEAM 1074 WOODWARD AVE, DETROIT, MI 48226
Principal officer (990-N for 2008)
Dan Gilbert, 20555 Victor Parkway, Livonia MI 48152
Signed the 990
LAURA GRANNEMANN, PRESIDENT/TREASURER/SECRETARY
Phone
(313) 730-4801
Return prepared by
BAKER TILLY ADVISORY GROUP LP

Mission

BIZDOM FUND WAS ESTABLISHED TO RECEIVE AND ADMINISTER FUNDS EXCLUSIVELY TO BENEFIT, TO PERFORM THE FUNCTIONS OF OR TO CARRY OUT THE PURPOSES OF BIZDOM, A MICHIGAN NON-PROFIT CORPORATION.

990 for the year ended December 31, 2024

Program accomplishments

  • INVESTMENTS TO STUDENTS TO ASSIST IN DEVELOPING DETROIT AND CLEVELAND BASED BUSINESSES.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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

IRS record

EIN
26-0730096
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2009
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,308,976
Income (IRS master file)
$206,173

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$206,173$7,375$3,308,976IRS
990-TDecember 2024–––IRS
990December 2023$22,516$42,601$3,110,178XML
990-TDecember 2023–––IRS
990December 2022$37,934$8,359$2,979,862IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS
990-N for 2008
Officer: Dan Gilbert
December 31, 2008≤ $50,000 receipts––e-Postcard

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 26-0730096).

Questions about BIZDOM U FUND

What is the EIN of BIZDOM U FUND?
The employer identification number (EIN) of BIZDOM U FUND is 26-0730096.
Is BIZDOM U FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
Are donations to BIZDOM U FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does BIZDOM U FUND file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BIZDOM U FUND 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 U FUND 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 U FUND?
The 990 for the year ended December 31, 2024 names LAURA GRANNEMANN.
Who are the officers and directors of BIZDOM U FUND?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does BIZDOM U FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $206,173, expenses of $7,375 and total assets of $3,308,976 at year end.

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