Nonprofit · EIN 26-1940660
FACTORY TWO INC
Tax-exempt (reinstated) · FLINT, MI 48503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $463,315 | $457,788 | $5,527 | $367,829 | $272,074 | $95,755 |
| December 31, 2023 | 990 | $565,753 | $423,137 | $142,616 | $438,927 | $109,135 | $329,792 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $403,284
- Program service revenue
- $53,196
- Investment income
- $6,835
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $233,399
- Salaries, compensation and benefits (total)
- $251,120
- Professional fundraising fees
- $0
- Accounting fees
- $4,000
- Occupancy
- $87,567
- Travel
- $623
- Program services (functional)
- $301,062
- Management and general (functional)
- $156,726
Balance sheet and other
- Total assets, start of year
- $438,927
- Total assets, end of year
- $367,829
- Total liabilities, end of year
- $272,074
- Net assets, end of year
- $95,755
- Land, buildings and equipment
- $68,944
- Net assets without donor restrictions
- $95,755
- Gross receipts
- $463,315
- Employees
- 13
- Volunteers
- 0
- Year formed
- 2007
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cassie Kent | Board Chair Trustee or director | 4 | $0 |
| Craig Kelly Jr | Vice Chair Trustee or director | 4 | $0 |
| Michael Wright | Treasurer Trustee or director | 4 | $0 |
| Vivian Williams | Secretary Trustee or director | 4 | $0 |
| Dan Neu | Director Trustee or director | 4 | $0 |
| Erin Neely Archuleta | Director Trustee or director | 4 | $0 |
| Jaquita Kelley | Director Trustee or director | 4 | $0 |
| Ana Vargas | Director Trustee or director | 4 | $0 |
| Whitney Lakes | Director Trustee or director | 4 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIN ARCHULETA | DIRECTOR Trustee or director | 0.5 | $0 |
| JAQUITA KELLEY | DIRECTOR Trustee or director | 0.5 | $0 |
| CRAIG KELLY | VICE CHAIRMA Trustee or director | 0.5 | $0 |
| CASSIE KENT | BAORD CHARIR Trustee or director | 0.5 | $0 |
| DAN NEU | DIRECTOR Trustee or director | 0.5 | $0 |
| KATIE STANELY | SECRETARY Trustee or director | 0.5 | $0 |
| ANA VARGAS | DIRECTOR Trustee or director | 0.5 | $0 |
| MICHAEL WRIGHT | TREASURER Trustee or director | 0.5 | $0 |
| WARREN MCCLURE | EXECUTIVE DI Officer | 35 | $0 |
Address and contacts
- Address (IRS master file)
- 129 N GRAND TRAVERSE ST, FLINT, MI 48503-5620
- Mailing address (990-N for 2012)
- 629 S Saginaw Street, Flint MI 48502
- Principal officer (990 for 2024)
- Michael Wright, 129 N Grand Traverse, Flint, MI 48503
- Principal officer (990-N for 2012)
- Joel Rash, 629 S Saginaw Street, Flint MI 48502
- Signed the 990
- Jamie Pemberton, accountant
- Phone
- (810) 252-2313
- Website
- www.redinkflint.org
Mission
Factory Two provides makerspace facilities and youth programming which allows youth to create, explore, and perform
Program accomplishments
- The Community Makerspace provides access to tools, equipment, and training in a wide variety of areas, sewing, screen printing, laser cutting, wood and metal shops, and blacksmithing are just a few of the programsExpenses $167,923
- The Local 432 is a youth focused performing arts space for concerts, plays, films, and fashion showsExpenses $87,301
- DISCOTech provides IT services to local non profitsExpenses $45,838
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-1940660
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $367,829
- Income (IRS master file)
- $463,315
Revocation and reinstatement
- Exemption revoked
- May 15, 2019
- Posted by the IRS
- August 12, 2019
- Reinstated
- Effective May 15, 2019
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $463,315 | $457,788 | $367,829 | XML |
| 990 | December 2023 | $565,753 | $423,137 | $438,927 | XML |
| 990 | December 2022 | $400,118 | $480,944 | $391,656 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2012 Officer: Joel Rash | December 31, 2012 | ≤ $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 26-1940660).
Questions about FACTORY TWO INC
- What is the EIN of FACTORY TWO INC?
- The employer identification number (EIN) of FACTORY TWO INC is 26-1940660.
- Is FACTORY TWO INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2019 and reinstated it effective May 15, 2019.
- Are donations to FACTORY TWO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FACTORY TWO INC 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 FACTORY TWO INC 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 FACTORY TWO INC 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 FACTORY TWO INC?
- The 990 for the year ended December 31, 2024 names Michael Wright.
- Who are the officers and directors of FACTORY TWO INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does FACTORY TWO INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $463,315, expenses of $457,788 and total assets of $367,829 at year end.
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