Civic Intelligence

Digital Lakes Inc.

990EZ • Fiscal year 2022 • EIN 87-4084987

Oct 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

Organization ProfileDIGITAL-LAKES.ORG
5440 Corporate Drive Ste 260Troy, MI 48083

(248) 761-0380

Siviq Scores

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

Liabilities / Assets

94th percentile

0.99x

Higher debt load relative to assets than 94% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

95th percentile

0.99x

Higher debt load relative to revenue than 95% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

43rd percentile

0.9%

Higher net margin than 43% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets94th percentile

Assets

$74,994

No earlier filing loaded for comparison.

Net Assets

$690

No earlier filing loaded for comparison.

Liabilities

$74,304

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin43rd percentile

Revenue

$75,000

No earlier filing loaded for comparison.

Expenses

$74,310

No earlier filing loaded for comparison.

Net Income

$690

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$150K$100K$50K$0-$50KAssets 2022: $74,994Liabilities 2022: $74,304Net Assets 2022: $6902022Assets 2023: $98,339Liabilities 2023: $114,717Net Assets 2023: -$16,3782023

Highlighted filing

2022

Assets$74,994
Liabilities$74,304
Net Assets$690
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0-$100KRevenue 2022: $75,000Expenses 2022: $74,310Net Income 2022: $6902022Revenue 2023: $278,012Expenses 2023: $295,080Net Income 2023: -$17,0682023

Highlighted filing

2022

Revenue$75,000
Expenses$74,310
Net Income$690
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$75,000
Mission and Program Overview

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 Services

DescriptionGrantsExpenses
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.-$73,004
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RONIA FAKHOURY-KRUSEBoard Chair,PT$0--
JOHN FIKANYCo-FounderPT$0--
GLENN STEVENSExecutive Di-$0--
GEORGE SURDUCo-FounderPT$0--
SANGY VATSACo-FounderPT$0--
KEVIN VOIGTPartner-$0--
Filing and Contact Details

Filer

Filer Name
Digital Lakes Inc
EIN
87-4084987
Phone
2487610380
Address
5440 CORPORATE DRIVE STE 260, TROY, MI 48083

Signing Officer

Name
Ronia Fakhoury-kruse
Title
Board Chair,co-found
Phone
2487610380
Signed
2023-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Bultynck & Co Pllc
Address
15985 CANAL RD, CLINTON TOWNSHIP, MI 48038-5021
Preparer
David L Bultynck CPA
Phone
5862867300
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses marketing and branding 307 service charges 6 board meeting 1,300 total 1,613”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 0 74,304”

Form 990-ez, Part III

“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.”

Form 990-ez, Part III, Line 28

“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.”

Raw XML Appendix129 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0RONIA FAKHOURY-KRUSE
IRS990EZ/BooksInCareOfDetail/PhoneNum02487610380
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt05440 CORPORATE DRIVE SUITE 260
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0TROY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd048098
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt074994
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt075000
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0690
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt06776
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt074994
IRS990EZ/GrossReceiptsAmt075000
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingOtherDesc0MODIFIED CASH
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0690
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0690
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt310.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt410.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt5000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0RONIA FAKHOURY-KRUSE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JOHN FIKANY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2GLENN STEVENS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3GEORGE SURDU
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4SANGY VATSA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5KEVIN VOIGT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0BOARD CHAIR,
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CO-FOUNDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3CO-FOUNDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4CO-FOUNDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5PARTNER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt01613
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MICRO-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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt073004
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt065921
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt074304
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt074310
IRS990EZ/TotalProgramServiceExpensesAmt073004
IRS990EZ/TotalRevenueAmt075000
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0DIGITAL-LAKES.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt075000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt075000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt075000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt075000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt075000
IRS990ScheduleA/TotalSupportAmt075000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES MARKETING AND BRANDING 307 SERVICE CHARGES 6 BOARD MEETING 1,300 TOTAL 1,613
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 74,304
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MICRO-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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RONIA FAKHOURY-KRUSE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR,CO-FOUND
ReturnHeader/BusinessOfficerGrp/PhoneNum02487610380
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DIGITAL LAKES INC
ReturnHeader/Filer/BusinessNameControlTxt0DIGI
ReturnHeader/Filer/EIN0874084987
ReturnHeader/Filer/PhoneNum02487610380
ReturnHeader/Filer/USAddress/AddressLine1Txt05440 CORPORATE DRIVE STE 260
ReturnHeader/Filer/USAddress/CityNm0TROY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048083
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203920878
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BULTYNCK & CO PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt015985 CANAL RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLINTON TOWNSHIP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0480385021
ReturnHeader/PreparerPersonGrp/PhoneNum05862867300
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID L BULTYNCK CPA
ReturnHeader/ReturnTs02023-11-15T15:03:50-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RONIA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FAKHOURY-KRUSE
ReturnHeader/TaxPeriodBeginDt02022-10-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$74,994
Liabilities
$74,304
Net assets
$690
Revenue
$75,000
Expenses
$74,310
Net income
$690
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.98$1.15$0.16$2.78$2.95$0.17
2022Detailed filing. Detailed filing data is available for this year.$0.75$0.74$0.01$0.75$0.74$0.01