Nonprofit · EIN 27-1388004
MICHIGAN SAVES INC
Tax-exempt · LANSING, MI 48933
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $9,628,527 | $14,292,998 | -$4,664,471 | $131,020,422 | $107,417,888 | $23,602,534 |
| December 31, 2024 | 990 | $20,641,601 | $14,846,679 | $5,794,922 | $36,078,006 | $6,765,048 | $29,312,958 |
| December 31, 2023 | 990 | $17,758,875 | $7,376,036 | $10,382,839 | $30,475,981 | $4,933,786 | $25,542,195 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,214,864
- of which government grants
- $3,324,864
- Program service revenue
- $3,043,198
- Investment income
- $2,370,465
- Net gain from sales of assets
- $1,514,030
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,435,025
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $72,726
- Program services (functional)
- $12,355,468
- Management and general (functional)
- $1,910,759
- Fundraising (functional)
- $26,771
Balance sheet and other
- Total assets, start of year
- $36,078,006
- Total assets, end of year
- $131,020,422
- Total liabilities, end of year
- $107,417,888
- Net assets, end of year
- $23,602,534
- Net assets without donor restrictions
- $5,719,334
- Net assets with donor restrictions
- $17,883,200
- Gross receipts
- $14,114,497
- Employees
- 0
- Volunteers
- 14
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Paul Schutt | President Trustee or director, Officer | 2 | $0 |
| Roselyn Tantraphol | Vice President Trustee or director, Officer | 1 | $0 |
| David Wible | Treasurer Trustee or director, Officer | 1 | $0 |
| Selma Tucker | Secretary Trustee or director, Officer | 1 | $0 |
| Amanda Godward | Director Trustee or director | 1 | $0 |
| Michael Larson | Director Trustee or director | 1 | $0 |
| Bryan Lewis | Director Trustee or director | 1 | $0 |
| Jason Matley | Director Trustee or director | 1 | $0 |
| Drew Smith | Director Trustee or director | 1 | $0 |
| Terri Schroeder | Director Trustee or director | 1 | $0 |
| Conan Smith | Director Trustee or director | 1 | $0 |
| Alina Verdiyan | Director Trustee or director | 1 | $0 |
| Angela Thompkins | Director Trustee or director | 1 | $0 |
| Sally Talberg | Chief Executive Officer Officer | 40 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Paul Schutt | President Trustee or director, Officer | 2 | $0 |
| Roselyn Tantraphol | Vice President Trustee or director, Officer | 1 | $0 |
| David Wible | Treasurer Trustee or director, Officer | 1 | $0 |
| Selma Tucker | Secretary Trustee or director, Officer | 1 | $0 |
| Karen Gould | Director Trustee or director | 1 | $0 |
| Amanda Godward | Director Trustee or director | 1 | $0 |
| Michael Larson | Director Trustee or director | 1 | $0 |
| Bryan Lewis | Director Trustee or director | 1 | $0 |
| Jason Matley | Director Trustee or director | 1 | $0 |
| Emily McGraw | Director Trustee or director | 1 | $0 |
| Terri Schroeder | Director Trustee or director | 1 | $0 |
| Conan Smith | Director Trustee or director | 1 | $0 |
| Alina Verdiyan | Director Trustee or director | 1 | $0 |
| Chanell Contreras | Former CEO Officer | 40 | $0 |
| Sally Talberg effective 2025 | President and CEO Officer | 0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL SCHUTT | PRESIDENT Trustee or director, Officer | 1.5 | $0 |
| ROSELYN TANTRAPHOL | VICE PRESIDE Trustee or director, Officer | 0.5 | $0 |
| DAVID WIBLE | TREASURER Trustee or director, Officer | 0.5 | $0 |
| SELMA TUCKER | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| CONAN SMITH | DIRECTOR Trustee or director | 0.5 | $0 |
| AMANDA GODWARD | DIRECTOR Trustee or director | 0.5 | $0 |
| JASON MATLEY | DIRECTOR Trustee or director | 0.5 | $0 |
| ALINA VERDIYAN | DIRECTOR Trustee or director | 0.5 | $0 |
| BRYAN LEWIS | DIRECTOR Trustee or director | 0.5 | $0 |
| MICHAEL LARSON | DIRECTOR Trustee or director | 0.5 | $0 |
| EMILY MCGRAW | DIRECTOR Trustee or director | 0.5 | $0 |
| TERRI SCHROEDER | DIRECTOR Trustee or director | 0.5 | $0 |
| CHANELL CONTRERAS | PRESIDENT/CE Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 230 N WASHINGTON SQ STE 202, LANSING, MI 48933-1312
- Principal officer (990 for 2025)
- Paul Schutt, 230 N Washington Square Suite 202, Lansing, MI 48933
- Signed the 990
- Paul Schutt, President
- Phone
- (517) 484-6474
- Website
- www.michigansaves.org
- Return prepared by
- YEO & YEO PC
Mission
To promote accessible, equitable, and just investments in energy efficiency and clean energy to support healthy and thriving communities.
Program accomplishments
- The corporation is organized exclusively for charitable, scientific, literary, and educational purposes within the meaning of section 501(c)3 of the internal revenue code of 1986, as amended (the "code") or comparable subsequent legislation. In furtherance of these purposes, the purpose of the corporation is to create statewide, innovative energy efficiency and distributed renewable energy financing system for the benefit of utility customers in the state of Michigan, and to engage in activities thereto.Expenses $12,355,468 · grants $3,435,025 · revenue $3,043,198
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 | 990 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
- 27-1388004
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C35)
- Assets (IRS master file)
- $131,020,422
- Income (IRS master file)
- $14,114,497
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $9,628,527 | $14,292,998 | $131,020,422 | XML |
| 990 | December 2024 | $20,641,601 | $14,846,679 | $36,078,006 | XML |
| 990 | December 2023 | $17,758,875 | $7,376,036 | $30,475,981 | XML |
| 990 | December 2022 | $5,654,697 | $4,014,555 | $18,460,904 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 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 27-1388004).
Questions about MICHIGAN SAVES INC
- What is the EIN of MICHIGAN SAVES INC?
- The employer identification number (EIN) of MICHIGAN SAVES INC is 27-1388004.
- Is MICHIGAN SAVES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to MICHIGAN SAVES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MICHIGAN SAVES 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 MICHIGAN SAVES INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MICHIGAN SAVES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MICHIGAN SAVES INC?
- The 990 for the year ended December 31, 2025 names Paul Schutt.
- Who are the officers and directors of MICHIGAN SAVES INC?
- The 990 for the year ended December 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does MICHIGAN SAVES INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $9,628,527, expenses of $14,292,998 and total assets of $131,020,422 at year end.
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- MICHIGAN UNITED CONSERVATION CLUBS EIN 38-0831862 · last filed 990 for 2025
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