GROW BENZIE INC

BENZONIA, MI, 49616-9525 (231) 882-9510 Est. 2008 EIN 26-3366438

S21— Community Improvement Form 990 501(c)(3)

Mission

GROW BENZIE IS A PROSPERITY INCUBATOR FOR BENZIE COUNTY, MICHIGAN - A MULTIPLIER FOR GOOD. MISSION IS TO STRENGTHEN COMMUNITY PROSPERITY AND WELL-BEING BY FOCUSING ON SYSTEMIC ACTION THAT FOSTERS COLLABORATION, REDUCES DUPLICATION AND AMPLIFIES SHARED IMPACT. THREE KEY IMPACT AREAS; SERVING AS THE FISCAL SPONSOR/BACKBONE ORGANIZATION PROVIDING SERVICES FOR SMALL NONPROFITS, KEY COLLABORATIVE LEADER OR PARTNER IN REGIONAL INITIATIVES, AND HOST FOR FOOD AND FARMING ENTREPRENEURS.

Financials

Total Revenue

$400,286

Total Expenses

$389,703

Net Assets

$364,331

3 employees

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

11.2 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 2.8%

Revenue Sources

Contributions 90.5% Earned revenue 9.5%

Expense Breakdown

Program 81.9% Management 12.7% Fundraising 5.4%

Officers & Key Employees (5)

We treat individual compensation with extra care. Named amounts are on Grow plans.

Grants Received (16)

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Filing History (7 filings)

Year	Revenue	Expenses	Net Assets
2024 Form 990	$400,286 ↑	$389,703	$364,331
2023 Form 990	$389,440 ↑	$314,448	$338,161
2022 Form 990	$291,987 ↓	$326,694	$275,206
2021 Form 990	$302,537 ↑	$204,679	$321,949
2020 Form 990	$180,452 ↓	$151,724	$224,091
2019 Form 990	$198,861 ↑	$195,040	$195,363
2018 Form 990	$192,029	$189,842	$191,542