Nonprofit · EIN 87-4084987
DIGITAL LAKES INC
Tax-exempt · TROY, MI 48098
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $278,012 | $295,080 | -$17,068 | $98,339 | $114,717 | -$16,378 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $278,012
- of which government grants
- $200,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $100
- Other salaries and wages
- $237,883
- Salaries, compensation and benefits (total)
- $261,722
- Professional fundraising fees
- $0
- Accounting fees
- $1,600
- Program services (functional)
- $291,897
- Management and general (functional)
- $3,183
Balance sheet and other
- Total assets, start of year
- $74,994
- Total assets, end of year
- $98,339
- Total liabilities, end of year
- $114,717
- Net assets, end of year
- -$16,378
- Net assets without donor restrictions
- -$16,378
- Gross receipts
- $278,012
- Employees
- 0
- Year formed
- 2021
- 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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JOHN FIKANY | CO-FOUNDER Trustee or director | 10 | $0 | $22,545 |
| RONIA FAKHOURY-KRUSE | BOARD CHAIR, Trustee or director | 10 | $0 | $0 |
| CLEMM HOWARD | BOARD MEMBER Trustee or director | 10 | $0 | $0 |
| SHATICA MCDONALD | BOARD MEMBER Trustee or director | 10 | $0 | $0 |
| GLENN STEVENS | BOARD MEMBER Trustee or director | 10 | $0 | $0 |
| GEORGE SURDU | CO-FOUNDER Trustee or director | 10 | $0 | $0 |
| MIKE TREASH | BOARD MEMBER Trustee or director, Officer | 10 | $0 | $0 |
| SANGY VATSA | CO-FOUNDER Trustee or director | 10 | $0 | $0 |
| KEVIN VOIGT | BOARD MEMBER Trustee or director | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5440 CORPORATE DR STE 260, TROY, MI 48098-2621
- Principal officer (990 for 2023)
- RONIA FAKHOURY-KRUSE
- Signed the 990
- RONIA FAKHOURY-KRUSE, BOARD CHAIR,CO-FOUND
- Phone
- (248) 761-0380
- Website
- DIGITAL-LAKES.ORG
- Return prepared by
- BULTYNCK & CO PLLC
Mission
TO SHOWCASE MICHIGAN AS A PREMIER DIGITAL HUB - ATTRACTING, DEVELOPING, AND RETAINING TOP TECH TALENT ACROSS INDUSTRIES, WHILE SIMULTANEOUSLY ENHANCING THE GROWTH AND VITALITY OF OUR STATE AND THE ECONOMY.
Program accomplishments
- MICRO-INTERNSHIP PROGRAM: A TALENT ATTRACTION AND RETENTION PROGRAM, SPECIFICALLY DESIGNED TO INTRODUCE STUDENTS TO THE WIDE VARIETY OF TECHNOLOGY RELATED CAREERS, ATTRACTING TOP TALENT TO OUR COMPANIES AND THE STATE.Expenses $291,897
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-4084987
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U02)
- Assets (IRS master file)
- $98,339
- Income (IRS master file)
- $278,012
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $278,012 | $295,080 | $98,339 | XML |
| 990-EZ | December 2022 | – | – | – | 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 87-4084987).
Questions about DIGITAL LAKES INC
- What is the EIN of DIGITAL LAKES INC?
- The employer identification number (EIN) of DIGITAL LAKES INC is 87-4084987.
- Is DIGITAL LAKES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to DIGITAL LAKES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DIGITAL LAKES 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 DIGITAL LAKES 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 DIGITAL LAKES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of DIGITAL LAKES INC?
- The 990 for the year ended December 31, 2023 names RONIA FAKHOURY-KRUSE.
- Who are the officers and directors of DIGITAL LAKES INC?
- The 990 for the year ended December 31, 2023 lists 9 people; 0 received compensation from the organization.
- How much revenue does DIGITAL LAKES INC have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $278,012, expenses of $295,080 and total assets of $98,339 at year end.
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