Nonprofit · EIN 82-2441360
INVEST UP
Tax-exempt · MARQUETTE, MI 49855
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $2,498,859 | $1,175,553 | $1,323,306 | $2,705,062 | $1,158,651 | $1,546,411 |
| December 31, 2023 | 990 | $994,377 | $1,044,163 | -$49,786 | $540,962 | $317,857 | $223,105 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,311,288
- of which government grants
- $1,626,053
- Program service revenue
- $0
- Investment income
- $2,820
- Net rental income
- $39,240
- Other revenue
- $184,751
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $179,398
- Other salaries and wages
- $282,256
- Salaries, compensation and benefits (total)
- $607,159
- Professional fundraising fees
- $0
- Legal fees
- $16,424
- Accounting fees
- $18,305
- Occupancy
- $40,737
- Travel
- $39,441
- Depreciation
- $3,614
- Program services (functional)
- $752,729
- Management and general (functional)
- $422,824
Balance sheet and other
- Total assets, start of year
- $540,962
- Total assets, end of year
- $2,705,062
- Total liabilities, end of year
- $1,158,651
- Net assets, end of year
- $1,546,411
- Land, buildings and equipment
- $10,546
- Net assets without donor restrictions
- $1,546,411
- Gross receipts
- $2,498,859
- Employees
- 7
- Year formed
- 2017
- 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 |
|---|---|---|---|
| MARTIN F FITTANTE | CEO Trustee or director | 40 | $179,398 |
| CHRIS BENDER | DIRECTOR Trustee or director | – | $0 |
| DEBB BRUNELL | SECRETARY Trustee or director, Officer | 2 | $0 |
| BRAD CANALE | DIRECTOR Trustee or director | – | $0 |
| TONYA DARNER | DIRECTOR Trustee or director | – | $0 |
| ROXANNE DAUST | DIRECTOR Trustee or director | – | $0 |
| MIKE FEDRIZZI | DIRECTOR Trustee or director | – | $0 |
| GRADON HAEHNEL | DIRECTOR Trustee or director | – | $0 |
| STEVE HICKS | DIRECTOR Trustee or director | – | $0 |
| MELISSA HOLMQUIST | DIRECTOR Trustee or director | – | $0 |
| PETER HOOD | DIRECTOR Trustee or director | – | $0 |
| MATT JOHNSON | VICE-CHAIR Trustee or director, Officer | 2 | $0 |
| RYAN KORPELA | DIRECTOR Trustee or director | – | $0 |
| RICHARD KOUBEK | DIRECTOR Trustee or director | – | $0 |
| TODD LAFAVE | DIRECTOR Trustee or director | – | $0 |
19 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICK LAMB | DIRECTOR Trustee or director | – | $0 |
| ROBERT LEHTO | DIRECTOR Trustee or director | – | $0 |
| JEFFERY LITTMANN | DIRECTOR Trustee or director | – | $0 |
| BOB MAQHANEY | DIRECTOR Trustee or director | – | $0 |
| PAUL MENEGHINI | DIRECTOR Trustee or director | – | $0 |
| ZACHARY MEYER | DIRECTOR Trustee or director | – | $0 |
| RICK NEBEL | TREASURER Trustee or director, Officer | 2 | $0 |
| BRIAN NORMAN | DIRECTOR Trustee or director | – | $0 |
| BARRY O'SHEA | DIRECTOR Trustee or director | – | $0 |
| KARYN OLSSON | CHAIR Trustee or director, Officer | 2 | $0 |
| KELLY REED | DIRECTOR Trustee or director | – | $0 |
| DAVID ROWE | DIRECTOR Trustee or director | – | $0 |
| TODD SABOURIN | DIRECTOR Trustee or director | – | $0 |
| MICHAEL STONE | DIRECTOR Trustee or director | – | $0 |
| BROCK TESSMAN | DIRECTOR Trustee or director | – | $0 |
| JOE THIEL | DIRECTOR Trustee or director | – | $0 |
| STEVE VAIRO | DIRECTOR Trustee or director | – | $0 |
| STEVE VERRETTE | DIRECTOR Trustee or director | – | $0 |
| JENNIFER WATSON | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTIN F FITTANTE | CEO Trustee or director | 40 | $167,210 |
| STEVE HICKS | PAST CHAIR Trustee or director, Officer | 2 | $0 |
| MELISSA HOLMQUIST | TREASURER Trustee or director, Officer | 2 | $0 |
| MATT JOHNSON | SECRETARY Trustee or director, Officer | 2 | $0 |
| KARYN OLSSON | CHAIR Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 101 W WASHINGTON ST STE 13, MARQUETTE, MI 49855-4407
- Principal officer (990 for 2024)
- MARTIN F FITTANTE
- Signed the 990
- KARYN OLSSON, CHAIR
- Phone
- (906) 251-0592
- Website
- WWW.INVESTUPMI.COM
- Return prepared by
- GABRIDGE & COMPANY PLC
Mission
TO ENHANCE THE VITALITY OF THE COMMUNITIES AFFECTED BY THE MICHIGAN'S UPPER PENINSULA BY LEVERAGING LOCAL RESOURCES WITH CAPITAL AND EXPERTISE AND FOSTERING ECONOMIC OPPORTUNITY THROUGHOUT THE AREA.
Program accomplishments
- INVESTUP UNDERTOOK A NUMBER OF ACTIVITIES AND ACTIONS AS WELL AS PURSUED A NUMBER OF INITIATIVES IN FURTHERANCE OF ITS FOUR STRATEGIC OBJECTIVES WHICH INCLUDE PROMOTING THE REGION AS THE PLACE TO WORK AND LIVE, ASSISTING WITH THE HIRING CHALLENGES THAT ARE IMPACTING EMPLOYERS, AND HELPING BUSINESSES DEVELOP, GROW AND EXPAND.Expenses $752,729
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
- 82-2441360
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $2,705,062
- Income (IRS master file)
- $2,498,859
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,498,859 | $1,175,553 | $2,705,062 | XML |
| 990 | December 2023 | $994,377 | $1,044,163 | $540,962 | XML |
| 990 | December 2022 | $1,071,521 | $971,374 | $261,240 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 82-2441360).
Questions about INVEST UP
- What is the EIN of INVEST UP?
- The employer identification number (EIN) of INVEST UP is 82-2441360.
- Is INVEST UP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to INVEST UP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INVEST UP 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 INVEST UP 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 INVEST UP 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 INVEST UP?
- The 990 for the year ended December 31, 2024 names MARTIN F FITTANTE.
- Who are the officers and directors of INVEST UP?
- The 990 for the year ended December 31, 2024 lists 34 people; 1 received compensation from the organization, the highest $179,398 (MARTIN F FITTANTE, CEO).
- How much revenue does INVEST UP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,498,859, expenses of $1,175,553 and total assets of $2,705,062 at year end.
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All nonprofits in MARQUETTE · Michigan · Community improvement and capacity building