Nonprofit · EIN 82-4116553
TRAVERSE CITY CENTER OF ENTREPRENEURSHIP
Tax-exempt · TRAVERSE CITY, MI 49684
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,186,239 | $1,899,743 | $286,496 | $2,353,206 | $2,033,076 | $320,130 |
| December 31, 2023 | 990 | $1,141,785 | $1,150,295 | -$8,510 | $442,756 | $266,914 | $175,842 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,539,925
- of which government grants
- $1,393,383
- Program service revenue
- $591,823
- Investment income
- $54,491
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $205,063
- Compensation of officers, directors and key employees
- $215,664
- Other salaries and wages
- $789,962
- Salaries, compensation and benefits (total)
- $1,156,161
- Professional fundraising fees
- $0
- Legal fees
- $14,168
- Accounting fees
- $4,644
- Occupancy
- $231,610
- Travel
- $18,546
- Depreciation
- $21,928
- Program services (functional)
- $1,703,436
- Management and general (functional)
- $196,307
Balance sheet and other
- Total assets, start of year
- $442,756
- Total assets, end of year
- $2,353,206
- Total liabilities, end of year
- $2,033,076
- Net assets, end of year
- $320,130
- Land, buildings and equipment
- $58,908
- Gross receipts
- $2,186,239
- Employees
- 17
- Volunteers
- 12
- Year formed
- 2018
- 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 | Other / benefits |
|---|---|---|---|---|
| SHILOH SLOMSKY | CFO AND TRIBAL LIAISON Officer | 40 | $100,000 | $6,218 |
| ERIC ROBERTS | ED(THRU9/24) BD MEM(EFF 10/24) Trustee or director, Officer | 40 | $73,120 | $7,683 |
| CRAIG WESLEY | EXEC. DIRECTOR (EFF. 10/2024) Officer | 40 | $26,153 | $2,490 |
| LOWELL GRUMEN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JANIE MCNABB | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GREG LUYT | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| REBECCA TEAHEN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ASHLEY SLOAT | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC ROBERTS | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $117,784 | $1,537 |
| BRITTANY VANDERBEEK | DIRECTOR OF DEVELOPMENT & COMMUNITY ENGAGEMENT Highest-paid employee | 40 | $102,846 | $5,177 |
| LOWELL GRUMEN | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| JANIE MCNABB | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| GREG LUYT | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| REBECCA TEAHEN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 10850 E TRAVERSE HWY STE 4400, TRAVERSE CITY, MI 49684-1320
- In care of
- % SHILOH SLOMSKY
- Principal officer (990 for 2024)
- CRAIG WESLEY, 10850 E TRAVERSE HWY STE 4400, TRAVERSE CITY, MI 49684
- Signed the 990
- CRAIG WESLEY, EXECUTIVE DIRECTOR
- Phone
- (231) 938-6519
- Website
- WWW.20FATHOMS.ORG
- Return prepared by
- WITHUMSMITHBROWN PC
Mission
TO CULTIVATE A THRIVING AND CONNECTED STARTUP ECOSYSTEM IN NW LOWER MICHIGAN.
Program accomplishments
- We do this by delivering essential startup services, providing a community workspace, and connecting entrepreneurs with crucial resources that facilitate business growth.Expenses $1,703,436 · grants $205,063 · revenue $591,823
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
- 82-4116553
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,353,206
- Income (IRS master file)
- $2,186,239
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,186,239 | $1,899,743 | $2,353,206 | XML |
| 990 | December 2023 | $1,141,785 | $1,150,295 | $442,756 | XML |
| 990 | December 2022 | $1,044,952 | $1,028,416 | $418,238 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 82-4116553).
Questions about TRAVERSE CITY CENTER OF ENTREPRENEURSHIP
- What is the EIN of TRAVERSE CITY CENTER OF ENTREPRENEURSHIP?
- The employer identification number (EIN) of TRAVERSE CITY CENTER OF ENTREPRENEURSHIP is 82-4116553.
- Is TRAVERSE CITY CENTER OF ENTREPRENEURSHIP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to TRAVERSE CITY CENTER OF ENTREPRENEURSHIP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRAVERSE CITY CENTER OF ENTREPRENEURSHIP 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 TRAVERSE CITY CENTER OF ENTREPRENEURSHIP 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 TRAVERSE CITY CENTER OF ENTREPRENEURSHIP 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 TRAVERSE CITY CENTER OF ENTREPRENEURSHIP?
- The 990 for the year ended December 31, 2024 names CRAIG WESLEY.
- Who are the officers and directors of TRAVERSE CITY CENTER OF ENTREPRENEURSHIP?
- The 990 for the year ended December 31, 2024 lists 8 people; 3 received compensation from the organization, the highest $100,000 (SHILOH SLOMSKY, CFO AND TRIBAL LIAISON).
- How much revenue does TRAVERSE CITY CENTER OF ENTREPRENEURSHIP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,186,239, expenses of $1,899,743 and total assets of $2,353,206 at year end.
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