Nonprofit · EIN 38-3001180
MICHIGAN FUTURE INC
Tax-exempt · ANN ARBOR, MI 48113
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $813,412 | $661,092 | $152,320 | $1,251,326 | $16,872 | $1,234,454 |
| June 30, 2024 | 990 | $488,065 | $721,250 | -$233,185 | $1,101,763 | $19,629 | $1,082,134 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $778,172
- Program service revenue
- $0
- Investment income
- $35,240
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $242,611
- Other salaries and wages
- $270,000
- Salaries, compensation and benefits (total)
- $593,330
- Professional fundraising fees
- $0
- Accounting fees
- $52,727
- Travel
- $4,958
- Program services (functional)
- $618,224
- Management and general (functional)
- $42,868
Balance sheet and other
- Total assets, start of year
- $1,101,763
- Total assets, end of year
- $1,251,326
- Total liabilities, end of year
- $16,872
- Net assets, end of year
- $1,234,454
- Net assets without donor restrictions
- $995,845
- Net assets with donor restrictions
- $238,609
- Gross receipts
- $813,412
- Employees
- 3
- Volunteers
- 0
- Year formed
- 1991
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SANDY K BARUAH | TREASURER Trustee or director, Officer | 1 | $0 | $660,752 | $24,210 |
| LOUIS GLAZER | PRESIDENT/SECRETARY Trustee or director, Officer | 40 | $233,280 | $0 | $6,998 |
| PATRICK COONEY | HIGHEST COMPENSATED Highest-paid employee | 40 | $150,000 | $0 | $8,754 |
| NICK KHOURI | BOARD CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| PAUL HILLEGONDS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DALE ROBERTSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PETER MACGREGOR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANGELIQUE POWER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIRK PROFIT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DONALD RENCHER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIMBERLY ESPY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SANDY K BARUAH | TREASURER Trustee or director, Officer | 1 | $0 | $659,664 | $17,194 |
| LOUIS GLAZER | PRESIDENT/SECRETARY Trustee or director, Officer | 40 | $235,000 | $0 | $0 |
| NICK KHOURI | BOARD CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| PAUL HILLEGONDS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DALE ROBERTSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PETER MACGREGOR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANGELIQUE POWER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIRK PROFIT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DONALD RENCHER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 130416, ANN ARBOR, MI 48113-0416
- Principal officer (990 for 2024)
- LOUIS GLAZER, PO BOX 130416, ANN ARBOR, MI 48113
- Signed the 990
- LOUIS GLAZER, PRESIDENT
- Phone
- (734) 747-8120
- Website
- WWW.MICHIGANFUTURE.ORG
- Return prepared by
- REHMANN ROBSON LLC
Mission
TO BE A SOURCE OF NEW IDEAS ON HOW MICHIGAN'S PEOPLE, ENTERPRISES, AND COMMUNITIES CAN SUCCEED IN THE INFORMATION AGE.
Program accomplishments
- THE RAISING STANDARD OF LIVING PROGRAM IS DEVELOPING A STATEWIDE AGENDA TO SUPPORT THE MICHIGAN FUTURE, INC MISSION TO RAISE THE STANDARD OF LIVING FOR ALL MICHIGAN HOUSEHOLDS.Expenses $618,224
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 38-3001180
- 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
- 1991
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99)
- Assets (IRS master file)
- $1,251,326
- Income (IRS master file)
- $813,412
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $813,412 | $661,092 | $1,251,326 | XML |
| 990 | June 2024 | $488,065 | $721,250 | $1,101,763 | XML |
| 990 | June 2023 | $1,162,640 | $489,401 | $1,339,963 | IRS |
| 990 | June 2022 | $341,000 | $521,760 | $671,908 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 38-3001180).
Questions about MICHIGAN FUTURE INC
- What is the EIN of MICHIGAN FUTURE INC?
- The employer identification number (EIN) of MICHIGAN FUTURE INC is 38-3001180.
- Is MICHIGAN FUTURE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to MICHIGAN FUTURE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does MICHIGAN 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 MICHIGAN FUTURE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MICHIGAN FUTURE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MICHIGAN FUTURE INC?
- The 990 for the year ended June 30, 2025 names LOUIS GLAZER.
- Who are the officers and directors of MICHIGAN FUTURE INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 2 received compensation from the organization.
- How much revenue does MICHIGAN FUTURE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $813,412, expenses of $661,092 and total assets of $1,251,326 at year end.
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