Michigan Festivals & Events Foundation
Only null% goes to programs Thin reserves Declining revenue
Michigan Festivals & Events Foundation is a 501(c)(3) organization based in Corunna, Michigan, registered in 1994, with $129,550 in FY2024 revenue. CharityIndex grades it D.
Po Box 131, Corunna, MI, 48817 EIN 38-3156701 Since 1994
Revenue (FY2024)
$130K
▼ 42.8% vs prior year
Recreation median: $129K
Expenses (FY2024)
$184K
Net assets
-$40K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Michigan Festivals & Events Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -42% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Michigan Festivals & Events Foundation: 0 mo reserves · -42% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Michigan Festivals & Events Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Michigan Festivals & Events Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 131, Corunna, MI, 48817
- City
- Corunna
- State
- Michigan
- Category
- Recreation & Sports
- Subcategory
- Community Recreation Centers
- Website
- …
Financial trends
Revenue declined from $354K (FY2013) to $130K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $142KNet assets -$40K
Operating margin
-42.3%
Spent more than it raised in the latest fiscal year.
Total assets
$102K
Total liabilities
$142K
Net assets
-$40K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $129,550▼42.8% | $184,297▼3.5% | -$39,835▼380% | $102,421▼36.8% | 990 |
| 2023 | $226,665▲176% | $191,052▼0.8% | $14,239▲167% | $162,020▲25.1% | 990 |
| 2022 | $82,201▼58.8% | $192,674▼24.8% | -$21,374▼124% | $129,562▼48.1% | 990 |
| 2021 | $199,700▲10.3% | $256,071▼3.1% | $89,099▼38.8% | $249,871▼33.5% | 990 |
| 2020 | $181,010▼24.2% | $264,328▼29.0% | $145,471▼36.2% | $375,854▼23.1% | 990 |
| 2019 | $238,673▼38.8% | $372,321▼4.1% | $227,981▼37.8% | $489,057▲30.5% | 990 |
| 2017 | $389,788▲21.8% | $388,343▲21.7% | $366,297▲0.4% | $374,646▼0.7% | 990 |
| 2016 | $320,012▼5.3% | $319,012▼1.7% | $364,852▲0.3% | $377,301▼1.0% | 990 |
| 2015 | $337,982▲5.2% | $324,536▼4.1% | $363,852▲7.5% | $380,931▲5.4% | 990 |
| 2014 | $321,389▼9.3% | $338,565▲12.4% | $338,543▼3.2% | $361,265▼1.9% | 990 |
| 2013 | $354,406 | $301,289▲10.9% | $349,641▲17.4% | $368,208▲22.6% | 990 |
| 2012 | — | $271,663▼20.4% | $297,705▲0.2% | $300,433▲1.2% | 990 |
| 2011 | — | $341,404▲46.3% | $297,010▼2.2% | $297,010▼2.2% | 990 |
| 2010 | — | $233,300 | $303,554 | $303,554 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Michigan Festivals & Events Foundation a legitimate nonprofit?
- Yes. Michigan Festivals & Events Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-3156701, based in Corunna, Michigan. Donations are tax-deductible.
- What is Michigan Festivals & Events Foundation's EIN?
- Michigan Festivals & Events Foundation's Employer Identification Number (EIN) is 38-3156701.
- How much revenue does Michigan Festivals & Events Foundation report?
- Michigan Festivals & Events Foundation reported $129,550 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Michigan Festivals & Events Foundation have?
- CharityIndex grades Michigan Festivals & Events Foundation D, based on financial health (reserves and operating margin).
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Data for Michigan Festivals & Events Foundation (EIN 38-3156701) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.