Civic Intelligence

Red Ink Flint Inc

990 • Fiscal year 2023 • EIN 26-1940660

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

Organization ProfileFACTORYTWO.ORG
129 N Grand TraverseFlint, MI 48503

(810) 354-7766

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.25x

Higher debt load relative to assets than 78% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

76th percentile

0.19x

Higher debt load relative to revenue than 76% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

78th percentile

25%

Higher net margin than 78% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

66th percentile

12%

Faster asset growth than 66% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

78th percentile

41%

Faster revenue growth than 78% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$438,927

Up $47,271 (+12%) from 2022

Net Assets

Up

$329,792

Up $99,833 (+43%) from 2022

Liabilities

Down

$109,135

Down $52,562 (-33%) from 2022

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin78th percentile

Revenue

Up

$565,753

Up $165,635 (+41%) from 2022

Expenses

Down

$423,137

Down $57,807 (-12%) from 2022

Net Income

Up

$142,616

Up $223,442 (+276%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2013: $1,160Net Assets 2013: $1,1602013Assets 2014: $9,051Net Assets 2014: $9,0512014Assets 2015: $92,880Liabilities 2015: $0Net Assets 2015: $92,8802015Assets 2019: $178,227Liabilities 2019: $0Net Assets 2019: $178,2272019Assets 2020: $489,393Liabilities 2020: $12,254Net Assets 2020: $477,1392020Assets 2021: $461,832Liabilities 2021: $33,451Net Assets 2021: $428,3812021Assets 2022: $391,656Liabilities 2022: $161,697Net Assets 2022: $229,9592022Assets 2023: $438,927Liabilities 2023: $109,135Net Assets 2023: $329,7922023Assets 2024: $367,829Liabilities 2024: $272,074Net Assets 2024: $95,7552024

Highlighted filing

2023

Assets$438,927
Liabilities$109,135
Net Assets$329,792
Open 2023 Filing

Operations Trend

Revenue Growth78th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2013: $52,101Expenses 2013: $58,098Net Income 2013: -$5,9972013Revenue 2014: $101,863Expenses 2014: $93,972Net Income 2014: $7,8912014Revenue 2015: $229,043Expenses 2015: $145,214Net Income 2015: $83,8292015Revenue 2019: $304,498Expenses 2019: $371,554Net Income 2019: -$67,0562019Revenue 2020: $663,477Expenses 2020: $277,647Net Income 2020: $385,8302020Revenue 2021: $297,365Expenses 2021: $346,123Net Income 2021: -$48,7582021Revenue 2022: $400,118Expenses 2022: $480,944Net Income 2022: -$80,8262022Revenue 2023: $565,753Expenses 2023: $423,137Net Income 2023: $142,6162023Revenue 2024: $463,315Expenses 2024: $457,788Net Income 2024: $5,5272024

Highlighted filing

2023

Revenue$565,753
Expenses$423,137
Net Income$142,616
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$582,941
Mission and Program Overview

Mission

Red ink flint allows youth to create, explore, and perform.

Factory two provides makerspace facilities and youth programming which allows youth to create, explore, and perform.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$336,028$371,789▲ $35,761
Land, Buildings, and Equipment, Net$59,696$51,810▼ $7,886
Pledges and Grants Receivable-$15,328-
Total Assets$391,656$438,927▲ $47,271
Other Assets Total$-4,068--
Liabilities
Unsecured Notes Loans Payable-$46,029-
Deferred Revenue$132,933$32,933▼ $100,000
Other Liabilities$21,138$21,431▲ $293
Accounts Payable and Accrued Expenses$7,626$8,742▲ $1,116
Total Liabilities$161,697$109,135▼ $52,562
Net Assets / Fund Balance
Net Assets With Donor Restrictions$50,000$250,000▲ $200,000
Net Assets Without Donor Restrictions$179,959$79,792▼ $100,167
Total Net Assets Fund Balance$229,959$329,792▲ $99,833
Total Liabilities and Net Assets / Fund Balance$391,656$438,927▲ $47,271

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,496$61,789$68,285
Buildings$45,314$22,562$67,876
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Craig KellyVice Chairma
Ana VargasDirector
Dan NeuDirector
Erin ArchuletaDirector
Jaquita KelleyDirector
Cassie KentBaord Charir
Warren McclureExecutive Di
Katie StanelySecretary
Michael WrightTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$547,347
Program Service Revenue
$16,293
Investment Income
$4,893
Other Revenue
$-2,780
All Other Contributions
$488,829
Change in Net Assets
$142,616
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$224,723
Other Expenses$198,414
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$168,388$599-$168,987
Comp Disqual Persons-$39,767-$39,767
Depreciation Depletion$23,147--$23,147
All Other Expenses$9,644$9,096-$18,740
Payroll Taxes$12,881$3,088-$15,969
Office Expenses$34$10,966-$11,000
Information Technology$1,482$8,296-$9,778
Other Expenses$421$7,687-$8,108
Insurance-$4,355-$4,355
Advertising$853$3,265-$4,118
Interest$2,343--$2,343
Total Functional Expenses$303,705$119,432$0$423,137
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$21,431
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Reviewed by contractual accountant”

Form 990, Page 6, Part VI, Line 15B

“Wages of executive level employees are discussed and voted on by the board”

Form 990, Page 6, Part VI, Line 19

“Made available on request”

Filing and Contact Details

Filer

Filer Name
Factory Two Inc
EIN
26-1940660
Phone
8103547766
Address
129 N GRAND TRAVERSE, FLINT, MI 48503

Signing Officer

Name
Warren Mcclure
Title
Executive Director
Phone
8102522313
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Warren Mcclure
Formed
2007
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
14

Preparer

Firm
Taylor & Morgan CPA Pc
Address
2302 STONEBRIDGE DR BLDG D, FLINT, MI 48532-5406
Preparer
Tyler Cherry
Phone
8102308200
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Loss on sale of land donated by indvidual and held for invsetment purposes - ling term loss on land when sold”

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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt032133
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0-32133
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt014408
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99350
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt02217404
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0568533
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0400118
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0329498
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0614757
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0304498
IRS990ScheduleA/Total509Grp/TotalAmt02217404
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0582941
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0432251
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0297365
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0614757
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0304498
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02231812
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt045314
IRS990ScheduleD/BuildingsGrp/DepreciationAmt022562
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt067876
IRS990ScheduleD/EquipmentGrp/BookValueAmt06496
IRS990ScheduleD/EquipmentGrp/DepreciationAmt061789
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt068285
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021431
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt051810
IRS990ScheduleD/TotalLiabilityAmt021431
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY CONTRACTUAL ACCOUNTANT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WAGES OF EXECUTIVE LEVEL EMPLOYEES ARE DISCUSSED AND VOTED ON BY THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MADE AVAILABLE ON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LOSS ON SALE OF LAND DONATED BY INDVIDUAL AND HELD FOR INVSETMENT PURPOSES - LING TERM LOSS ON LAND WHEN SOLD
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0391656
IRS990/TotalAssetsEOYAmt0438927
IRS990/TotalAssetsGrp/BOYAmt0391656
IRS990/TotalAssetsGrp/EOYAmt0438927
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0547347
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0119432
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0303705
IRS990/TotalFunctionalExpensesGrp/TotalAmt0423137
IRS990/TotalGrossUBIAmt0-2780
IRS990/TotalLiabilitiesBOYAmt0161697
IRS990/TotalLiabilitiesEOYAmt0109135
IRS990/TotalLiabilitiesGrp/BOYAmt0161697
IRS990/TotalLiabilitiesGrp/EOYAmt0109135
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0229959
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0329792
IRS990/TotalProgramServiceExpensesAmt0303705
IRS990/TotalProgramServiceRevenueAmt016293
IRS990/TotalRevenueGrp/ExclusionAmt016293
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04893
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0565753
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-2780
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0391656
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0438927
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt046029
IRS990/USAddress/AddressLine1Txt0129 N GRAND TRAVERSE
IRS990/USAddress/CityNm0FLINT
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048503
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0FACTORYTWO.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WARREN MCCLURE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08102522313
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FACTORY TWO INC
ReturnHeader/Filer/BusinessNameControlTxt0FACT
ReturnHeader/Filer/EIN0261940660
ReturnHeader/Filer/PhoneNum08103547766
ReturnHeader/Filer/USAddress/AddressLine1Txt0129 N GRAND TRAVERSE
ReturnHeader/Filer/USAddress/CityNm0FLINT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048503
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382401965
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TAYLOR & MORGAN CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02302 STONEBRIDGE DR BLDG D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLINT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0485325406
ReturnHeader/PreparerPersonGrp/PhoneNum08102308200
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TYLER CHERRY
ReturnHeader/ReturnTs02024-11-14T11:11:26-05:00
ReturnHeader/ReturnTypeCd0990

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$438,927
Liabilities
$109,135
Net assets
$329,792
Revenue
$565,753
Expenses
$423,137
Net income
$142,616
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.68$2.72$0.96$4.63$4.58$0.06
2023Detailed filing. Detailed filing data is available for this year.$4.39$1.09$3.30$5.66$4.23$1.43
2022Detailed filing. Detailed filing data is available for this year.$3.92$1.62$2.30$4.00$4.81$0.81
2021Detailed filing. Detailed filing data is available for this year.$4.62$0.33$4.28$2.97$3.46$0.49
2020Detailed filing. Detailed filing data is available for this year.$4.89$0.12$4.77$6.63$2.78$3.86
2019Detailed filing. Detailed filing data is available for this year.$1.78$0.00$1.78$3.04$3.72$0.67
2015Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$2.29$1.45$0.84
2014Detailed filing. Detailed filing data is available for this year.$0.09$0.09$1.02$0.94$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.52$0.58$0.06