Civic Intelligence

Sbam Foundation

990 • Fiscal year 2024 • EIN 88-3293504

Jul 01, 2023 to Jun 30, 2024 • Filed on Dec 12, 2024

101 S Washington Square 900Lansing, MI 48933

(517) 482-8788

Siviq Scores

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

Liabilities / Assets

94th percentile

1.00x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

8.82x

Higher debt load relative to revenue than 98% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

24th percentile

-8.0%

Higher net margin than 24% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

77th percentile

$129,138

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 67.3% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

100th percentile

6503%

Faster asset growth than 100% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

21%

Faster revenue growth than 67% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,700,021

Up $1,674,275 (+6503%) from 2023

Net Assets

Down

$7,677

Down $15,269 (-67%) from 2023

Liabilities

Up

$1,692,344

Up $1,689,544 (+60341%) from 2023

Revenue

Up

$191,780

Up $33,927 (+21%) from 2023

Expenses

Up

$207,049

Up $72,142 (+53%) from 2023

Net Income

Down

-$15,269

Down $38,215 (-167%) from 2023

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2023: $25,746Liabilities 2023: $2,800Net Assets 2023: $22,9462023Assets 2024: $1,700,021Liabilities 2024: $1,692,344Net Assets 2024: $7,6772024Assets 2025: $691,099Liabilities 2025: $538,599Net Assets 2025: $152,5002025

Highlighted filing

2024

Assets$1,700,021
Liabilities$1,692,344
Net Assets$7,677

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2023: $157,853Expenses 2023: $134,907Net Income 2023: $22,9462023Revenue 2024: $191,780Expenses 2024: $207,049Net Income 2024: -$15,2692024Revenue 2025: $2,052,035Expenses 2025: $1,907,212Net Income 2025: $144,8232025

Highlighted filing

2024

Revenue$191,780
Expenses$207,049
Net Income-$15,269
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 12, 2024
Return Version
2023v5.1
Gross Receipts
$200,643
Mission and Program Overview

Mission

The sbam foundation focuses on: research, publications, content development, and programming in connection with entrepreneurship, training, education, and support services for small businesses in michigan particularly those belonging to marginalized and economically challenged communities, and in depth analysis of the entrepreneurial environment in michigan via the michigan entrepreneurship score card

Support services for small businesses in michigan

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$1,630,586-
Cash and Non-Interest-Bearing Accounts$15,446$36,955▲ $21,509
Accounts Receivable$10,300$32,480▲ $22,180
Total Assets$25,746$1,700,021▲ $1,674,275
Liabilities
Deferred Revenue$2,800$1,662,412▲ $1,659,612
Accounts Payable and Accrued Expenses-$29,932-
Total Liabilities$2,800$1,692,344▲ $1,689,544
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$22,946$7,677▼ $15,269
Total Net Assets Fund Balance$22,946$7,677▼ $15,269
Total Liabilities and Net Assets / Fund Balance$25,746$1,700,021▲ $1,674,275
Compensation and Service Providers

Employees

NameTitleOtherTotal
Brian CalleyPresident$129,138$129,138
Ann ParkerTreasurer/secretary$62,152$62,152

Board Members and Trustees

NameTitle
Bonnie AlfonsoDirector
Cynthia KayDirector
Milan GandhiDirector
Tom MathisonDirector
Robert FowlerDirector (ended 6/14/24)
Revenue and Support

Revenue Composition

Contributions and Grants
$174,527
Program Service Revenue
$0
Investment Income
$21,732
Other Revenue
$-4,479
All Other Contributions
$140,704
Change in Net Assets
$-15,269
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$105,208
Other Expenses$101,841
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$87,375--$87,375
Other Expenses$27,250--$27,250
Information Technology$16,090--$16,090
Fees for Services Legal$11,310$403-$11,713
Other Employee Benefits$10,603--$10,603
Payroll Taxes$7,230--$7,230
Fees for Services Other-$3,289-$3,289
Office Expenses-$2,798-$2,798
Fees for Services Accounting-$1,154-$1,154
Advertising-$599-$599
Travel-$282-$282
Total Functional Expenses$198,524$8,525$0$207,049
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$8,863
Fundraising Gross Income$4,384
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$38,207$4,384$1,305$3,079
Total Events$38,207$4,384$8,863$-4,479
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The corporation is organized on a membership basis. The sole member of the corporation is the small business association of michigan.

Form 990, Part VI, Section A, Line 7A

The sole member of the corporation is the small business association of michigan as the member. Any vote or action by the small business association of michigan as the member of the corporation will be by its board of directors or its executive committee acting on behalf of the board of directors between meetings of the board of directors; provided, however, that the board of directors or executive committee of the small business association of michigan may by resolution appoint the its chairman of the board or the president as proxy to vote or take action on behalf of the small business association of michigan.

Form 990, Part VI, Section A, Line 7B

The sole member of the corporation is the small business association of michigan as the member. Any vote or action by the small business association of michigan as the member of the corporation will be by its board of directors or its executive committee acting on behalf of the board of directors between meetings of the board of directors; provided, however, that the board of directors or executive committee of the small business association of michigan may by resolution appoint the its chairman of the board or the president as proxy to vote or take action on behalf of the small business association of michigan.

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

Form 990 is reviewed by the executive director and sbam director of finance, the coo and the ceo.

Form 990, Part VI, Section C, Line 19

The form 990 is made available to the public in accordance with the federal laws and irs rules. Requests have been infrequent, but typically the documents are copied and mailed to the requestor within the required timeline.

Filing and Contact Details

Filer

Filer Name
Sbam Foundation
EIN
88-3293504
Phone
5174828788
Address
101 S WASHINGTON SQUARE 900, LANSING, MI 48933

Signing Officer

Name
Brian Calley
Title
President
Phone
5174828788
Signed
2024-12-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Calley
Formed
2022
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
5

Preparer

Firm
Maner Costerisan Pc
Address
2425 E GRAND RIVER SUITE 1, LANSING, MI 48912-3291
Preparer
Matthew C Latham CPA
Phone
5173237500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

In the preparation of tax returns, tax positions are taken based on interpretation of federal, state, and local income tax laws. Management periodically reviews and evaluates the status of uncertain tax positions and makes estimates of amounts, including interest and penalties, ultimately due or owed. No amounts have been identified, or recorded, as uncertain tax positions. Federal, state, and local returns generally remain open for examination by taxing authorities for a period of three to four years.

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IRS990/MissionDesc0THE SBAM FOUNDATION FOCUSES ON: RESEARCH, PUBLICATIONS, CONTENT DEVELOPMENT, AND PROGRAMMING IN CONNECTION WITH ENTREPRENEURSHIP, TRAINING, EDUCATION, AND SUPPORT SERVICES FOR SMALL BUSINESSES IN MICHIGAN PARTICULARLY THOSE BELONGING TO MARGINALIZED AND ECONOMICALLY CHALLENGED COMMUNITIES, AND IN DEPTH ANALYSIS OF THE ENTREPRENEURIAL ENVIRONMENT IN MICHIGAN VIA THE MICHIGAN ENTREPRENEURSHIP SCORE CARD
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SBAM FOUNDATION HAS BEEN A SUPPORTING ORGANIZATION TO SMALL BUSINESS ASSOCIATION OF MICHIGAN. IT ENGAGES IN ACTIVITIES THAT FURTHER THE SAME CHARITABLE PURPOSES AS TO SMALL BUSINESS ASSOCIATION OF MICHIGAN TO HELP MICHIGAN SMALL BUSINESSES SUCCEED.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION COMPLETED AN ANNUAL PRO FORMA SCHEDULE A (FORM 990), PART III, AND KEET THE SUPPORT CALCULATION IN THE SUPPORTING ORGANIZATION'S FILES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2IN THE 23-24 FY, THERE WAS NO SUCH ARRANGEMENT IN PLACE, YET. IN THE 24-25 FISCAL YEAR, SBAM IS DELIVERING PROGRAMMING AND SERVICES IN THE FULFILLMENT OF THE SBSH GRANT AND THERE ARE WRITTEN CONTRACTS IN PLACE TO DETAIL THE EXPECTATIONS FOR THE EXECUTION OF THOSE SERVICES.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN THE PREPARATION OF TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF FEDERAL, STATE, AND LOCAL INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL, STATE, AND LOCAL RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS.
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS ORGANIZED ON A MEMBERSHIP BASIS. THE SOLE MEMBER OF THE CORPORATION IS THE SMALL BUSINESS ASSOCIATION OF MICHIGAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOLE MEMBER OF THE CORPORATION IS THE SMALL BUSINESS ASSOCIATION OF MICHIGAN AS THE MEMBER. ANY VOTE OR ACTION BY THE SMALL BUSINESS ASSOCIATION OF MICHIGAN AS THE MEMBER OF THE CORPORATION WILL BE BY ITS BOARD OF DIRECTORS OR ITS EXECUTIVE COMMITTEE ACTING ON BEHALF OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS; PROVIDED, HOWEVER, THAT THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE OF THE SMALL BUSINESS ASSOCIATION OF MICHIGAN MAY BY RESOLUTION APPOINT THE ITS CHAIRMAN OF THE BOARD OR THE PRESIDENT AS PROXY TO VOTE OR TAKE ACTION ON BEHALF OF THE SMALL BUSINESS ASSOCIATION OF MICHIGAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SOLE MEMBER OF THE CORPORATION IS THE SMALL BUSINESS ASSOCIATION OF MICHIGAN AS THE MEMBER. ANY VOTE OR ACTION BY THE SMALL BUSINESS ASSOCIATION OF MICHIGAN AS THE MEMBER OF THE CORPORATION WILL BE BY ITS BOARD OF DIRECTORS OR ITS EXECUTIVE COMMITTEE ACTING ON BEHALF OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS; PROVIDED, HOWEVER, THAT THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE OF THE SMALL BUSINESS ASSOCIATION OF MICHIGAN MAY BY RESOLUTION APPOINT THE ITS CHAIRMAN OF THE BOARD OR THE PRESIDENT AS PROXY TO VOTE OR TAKE ACTION ON BEHALF OF THE SMALL BUSINESS ASSOCIATION OF MICHIGAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND SBAM DIRECTOR OF FINANCE, THE COO AND THE CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS MADE AVAILABLE TO THE PUBLIC IN ACCORDANCE WITH THE FEDERAL LAWS AND IRS RULES. REQUESTS HAVE BEEN INFREQUENT, BUT TYPICALLY THE DOCUMENTS ARE COPIED AND MAILED TO THE REQUESTOR WITHIN THE REQUIRED TIMELINE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HELP SMALL BUSINESSES SUCCEED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1ELECTING PRO-SMALL BUSINESS CANDIDATES
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