Nonprofit · EIN 30-0274225
BAY FUTURE INC
Tax-exempt · BAY CITY, MI 48708
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,915,083 | $643,197 | $2,271,886 | $3,446,273 | $158,438 | $3,287,835 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,895,430
- Investment income
- $19,653
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $92,539
- Other salaries and wages
- $65,901
- Salaries, compensation and benefits (total)
- $186,242
- Professional fundraising fees
- $0
- Accounting fees
- $18,220
- Occupancy
- $29,414
- Travel
- $2,729
- Depreciation
- $2,278
- Program services (functional)
- $575,550
- Management and general (functional)
- $67,647
Balance sheet and other
- Total assets, start of year
- $1,123,098
- Total assets, end of year
- $3,446,273
- Total liabilities, end of year
- $158,438
- Net assets, end of year
- $3,287,835
- Land, buildings and equipment
- $21,800
- Net assets without donor restrictions
- $1,050,566
- Net assets with donor restrictions
- $2,237,269
- Gross receipts
- $2,915,083
- Employees
- 4
- Volunteers
- 0
- Year formed
- 2004
- 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 |
|---|---|---|---|
| JIM REAUME | PRESIDENT/CEO Officer | 40 | $90,519 |
| JIM BARCIA | EX-OFFICIO BOARD MEMBER Trustee or director | 1 | $0 |
| DR GEORGE GRANT | BOARD MEMBER Trustee or director | 1 | $0 |
| ANDREA HALES | BOARD MEMBER Trustee or director | 1 | $0 |
| BRAD MACDONALD | BOARD MEMBER Trustee or director | 1 | $0 |
| DR KENNETH PARSONS | BOARD MEMBER Trustee or director | 1 | $0 |
| GLENN ROWLEY | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRIS GIRARD | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| WAYNE BARBER | BOARD MEMBER Trustee or director | 1 | $0 |
| DANA MUSCOTT | EX-OFFICIO BOARD MEMBER Trustee or director | 1 | $0 |
| ROB CLARK | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 |
| CHRIS SHERIDAN | BOARD MEMBER Trustee or director | 1 | $0 |
| MAGEN SAMYN | CHAIR Trustee or director, Officer | 2 | $0 |
| TODD C GREGORY | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| TRAVIS BRADY | BOARD MEMBER Trustee or director | 1 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NIKKI S BURGESON | BOARD MEMBER Trustee or director | 1 | $0 |
| MATT BEAVER | BOARD MEMBER Trustee or director | 1 | $0 |
| LYNN HEBERT | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| BETH ROSZATYCKI | BOARD MEMBER Trustee or director | 1 | $0 |
| MADISON JARMON | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| SCOTT NEMODE | BOARD MEMBER Trustee or director | 1 | $0 |
| MIKE STODOLAK | BOARD MEMBER Trustee or director | 2 | $0 |
| ERIC TANKERSLEY | TREASURER/CHAIR ELECT Trustee or director, Officer | 2 | $0 |
| SETH PERIGO | BOARD MEMBER Trustee or director | 1 | $0 |
| KAYSEY RADTKE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 101 1ST ST STE 101, BAY CITY, MI 48708-5747
- Principal officer (990 for 2024)
- ERIC TANKERSLEY, 812 N WATER ST, BAY CITY, MI 487085724
- Signed the 990
- ERIC TANKERSLEY, BOARD CHAIR
- Phone
- (989) 892-1400
- Return prepared by
- WEINLANDER FITZHUGH PC
Mission
DEDICATED TO FACILITATING ECONOMIC DEVELOPMENT STRATEGIES THAT PROMOTE AND SECURE OPPORTUNITIES FOR BUSINESS RETENTION, GROWTH, AND THE ATTRACTION OF NEW INDUSTRIES THAT CREATE QUALITY JOBS FOR COMMUNITY RESIDENTS.
Program accomplishments
- TO FACILITATE ECONOMIC DEVELOPMENT STRATEGIES THAT PROMOTE & SECURE OPPORTUNITIES FOR BUSINESS RETENTION, GROWTH, AND THE ATTRACTION OF NEW INDUSTRIES THAT CREATE QUALITY JOBS FOR COMMUNITY RESIDENTS.Expenses $575,550 · revenue $2,895,430
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
- 30-0274225
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $3,446,273
- Income (IRS master file)
- $2,915,083
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $297,050 | $407,198 | $1,123,098 | IRS |
| 990 | December 2022 | $1,923,474 | $1,951,198 | $1,152,121 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about BAY FUTURE INC
- What is the EIN of BAY FUTURE INC?
- The employer identification number (EIN) of BAY FUTURE INC is 30-0274225.
- Is BAY FUTURE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to BAY FUTURE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BAY FUTURE 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 BAY FUTURE 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 BAY FUTURE 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 BAY FUTURE INC?
- The 990 for the year ended December 31, 2024 names ERIC TANKERSLEY.
- Who are the officers and directors of BAY FUTURE INC?
- The 990 for the year ended December 31, 2024 lists 25 people; 1 received compensation from the organization, the highest $90,519 (JIM REAUME, PRESIDENT/CEO).
- How much revenue does BAY FUTURE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,915,083, expenses of $643,197 and total assets of $3,446,273 at year end.
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All nonprofits in BAY CITY · Michigan · Community improvement and capacity building