Civic Intelligence

Basblue Inc.

990 • Fiscal year 2023 • EIN 85-4027726

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

110 E Ferry StreetDetroit, MI 48202

(313) 474-1883

Siviq Scores

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

Liabilities / Assets

78th percentile

0.36x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

0.62x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

81st percentile

29%

Higher net margin than 81% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

79th percentile

$131,334

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

47th percentile

3.4%

Faster asset growth than 47% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

26th percentile

-8.5%

Faster revenue growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$4,489,126

Up $147,451 (+3.4%) from 2022

Net Assets

Up

$2,854,767

Up $236,508 (+9.0%) from 2022

Liabilities

Down

$1,634,359

Down $89,057 (-5.2%) from 2022

Revenue

Down

$2,643,664

Down $245,205 (-8.5%) from 2022

Expenses

Up

$1,890,192

Up $570,181 (+43%) from 2022

Net Income

Down

$753,472

Down $815,386 (-52%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2021: $1,176,979Liabilities 2021: $386,545Net Assets 2021: $790,4342021Assets 2022: $4,341,675Liabilities 2022: $1,723,416Net Assets 2022: $2,618,2592022Assets 2023: $4,489,126Liabilities 2023: $1,634,359Net Assets 2023: $2,854,7672023Assets 2024: $3,637,037Liabilities 2024: $1,255,982Net Assets 2024: $2,381,0552024

Highlighted filing

2023

Assets$4,489,126
Liabilities$1,634,359
Net Assets$2,854,767

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $1,315,280Expenses 2021: $524,845Net Income 2021: $790,4352021Revenue 2022: $2,888,869Expenses 2022: $1,320,011Net Income 2022: $1,568,8582022Revenue 2023: $2,643,664Expenses 2023: $1,890,192Net Income 2023: $753,4722023Revenue 2024: $2,199,261Expenses 2024: $2,627,285Net Income 2024: -$428,0242024

Highlighted filing

2023

Revenue$2,643,664
Expenses$1,890,192
Net Income$753,472
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$3,426,814
Mission and Program Overview

Mission

To create pathways and open doors for women and nonbinary individuals for connection, creativity and discovery through a diverse and inclusive community, curated programs, education, and culturally enriching experiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,842,301$2,585,916▲ $743,615
Rtn Earn Endowment Incm Other Fnds$1,748,858$1,985,366▲ $236,508
Cap Stk Tr Prin Current Funds$869,401$869,401→ $0
Pledges and Grants Receivable$900,000$643,018▼ $256,982
Loans From Officers Directors-$181,543-
Other Notes and Loans Receivable, Net$106,487--
Land, Buildings, and Equipment, Net$60,152$80,570▲ $20,418
Accounts Receivable$10,911$26,134▲ $15,223
Prepaid Expenses and Deferred Charges$14,584$25,188▲ $10,604
Inventories for Sale or Use$3,841$7,732▲ $3,891
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$4,341,675$4,489,126▲ $147,451
Other Assets Total$1,403,399$1,120,568▼ $282,831
Liabilities
Other Liabilities$1,403,399$1,141,554▼ $261,845
Accounts Payable and Accrued Expenses$114,997$156,546▲ $41,549
Deferred Revenue$205,020$154,716▼ $50,304
Total Liabilities$1,723,416$1,634,359▼ $89,057
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,618,259$2,854,767▲ $236,508
Total Liabilities and Net Assets / Fund Balance$4,341,675$4,489,126▲ $147,451

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$80,570$28,940$109,510
Other Assets Org$1,120,568--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Maria BakerDirectorFT$125,618$5,716$131,334
Natacha HildebrandVice President/treasurerPT$54,000-$54,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,440,872
Program Service Revenue
$538,565
Investment Income
$0
Other Revenue
$-335,773
All Other Contributions
$1,874,588
Change in Net Assets
$753,472
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,122,109
Salaries, Compensation, and Employee Benefits$646,583
Grants and Similar Amounts Paid$121,500
Total Fundraising Expense$7,527
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$444,202$49,356-$493,558
Fees for Services Other$262,371$29,152-$291,523
Occupancy$256,046--$256,046
Grants to Domestic Individuals$121,000--$121,000
Office Expenses$96,530$10,726-$107,256
Conferences and Meetings$94,300--$94,300
Information Technology$81,153$9,017-$90,170
Advertising$65,360--$65,360
Payroll Taxes$48,777$5,420-$54,197
Current Officers, Directors, Trustees, and Key Employees$45,900$8,100-$54,000
Other Employee Benefits$40,345$4,483-$44,828
Fees for Services Accounting-$43,003-$43,003
Fees for Services Legal-$25,200-$25,200
Depreciation Depletion$18,036--$18,036
Other Expenses$31,021$3,446$7,527$7,527
Insurance$1,083$271-$1,354
Travel$420$420-$840
Grants to Domestic Orgs$500--$500
Total Functional Expenses$1,685,369$197,296$7,527$1,890,192
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$101,721
Fundraising Gross Income$19,550
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$585,834$19,550$101,721$-82,171
Total Events$585,834$19,550$101,721$-82,171
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Owner of Tellevation Ii LLC (nancy Tellem) Is on the Board of DirectorsRent Paid to Tellevation IiNo$324,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$181,543-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease$1,120,568
Sales Tax Payable$20,986
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization currently has no additional committees.

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by the officers of the organization and shared with all board members.

Form 990, Part VI, Section B, Line 15A

The board reviews salary surveys and 990 information from similar non profit organizations.

Form 990, Part VI, Section C, Line 18

The organization makes the 1023 and 990 available upon request.

Form 990, Part VI, Section C, Line 19

The governing document and conflict of interest policy are made available to the public by making a request at the companies offices during business hours.

Filing and Contact Details

Filer

Filer Name
Basblue Inc
EIN
85-4027726
Phone
3134741883
Address
110 E FERRY STREET, DETROIT, MI 48202

Signing Officer

Name
Ellen Gilchrist
Title
CEO
Phone
3134741883
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ellen Gilchrist
Formed
2021
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
12
Employees
27
Volunteers
12

Preparer

Firm
Rehmann Robson LLC
Address
1249 GRISWOLD ST STE 201, DETROIT, MI 48226
Preparer
Jeffrey E Hert CPA
Phone
3132027400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting: program service expenses 234,126. Management and general expenses 26,014. Fundraising expenses 0. Total expenses 260,140. Merchant fees: program service expenses 28,245. Management and general expenses 3,138. Fundraising expenses 0. Total expenses 31,383.

FORM 990, PART XI, LINE 9:

Basbleu llc beginning net assets -372,669.

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IRS990/MissionDesc0TO CREATE PATHWAYS AND OPEN DOORS FOR WOMEN AND NONBINARY INDIVIDUALS FOR CONNECTION, CREATIVITY AND DISCOVERY THROUGH A DIVERSE AND INCLUSIVE COMMUNITY, CURATED PROGRAMS, EDUCATION, AND CULTURALLY ENRICHING EXPERIENCES.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NondeductibleContributionsInd00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PoliticalCampaignActyInd00
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IRS990/ProfessionalFundraisingInd00
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IRS990/RegularMonitoringEnfrcInd00
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IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt080570
IRS990ScheduleD/EquipmentGrp/DepreciationAmt028940
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0109510
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01120568
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SALES TAX PAYABLE
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IRS990ScheduleD/TotalLiabilityAmt01141554
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