Nonprofit · EIN 85-0730303
WASSERMAN PROJECTS FUND
Tax-exempt · AUBURN HILLS, MI 48326
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $99,877 | $117,388 | -$17,511 | $107,229 | $15,070 | $92,159 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $87,039
- Program service revenue
- $13,039
- Net income from fundraising events
- -$201
Expenses
- Grants and similar amounts paid
- $24,550
- Compensation of officers, directors and key employees
- $23,311
- Salaries, compensation and benefits (total)
- $39,424
- Professional fees and payments to contractors
- $17,973
- Other expenses
- $35,441
- Program services (functional)
- $87,270
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $107,229
- Total liabilities, end of year
- $15,070
- Net assets, end of year
- $92,159
- Cash, savings and investments
- $74,729
- Gross receipts
- $113,328
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALISON WONG | DIRECTOR AND PRESIDENT | 15 | $23,311 |
| GARY L WASSERMAN | CHAIRMAN AND CEO | 0 | $0 |
| DENNIS MCCARTHY | DIRECTOR, SECRETARY & TREASURER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2668 LAPEER RD, AUBURN HILLS, MI 48326-1925
- In care of
- % GARY WASSERMAN
- Mailing address (990-N for 2023)
- 2668 Lapeer Rd, Auburn Hills MI 48326
- Principal officer (990-N for 2023)
- Gary Wasserman, 2668 Lapeer Rd, Auburn Hills MI 48326
- Signed the 990-EZ
- ALISON WONG, PRESIDENT
- Phone
- (313) 818-3550
- Website
- https://wassermanworks.com
- Return prepared by
- UHY ADVISORS GREAT LAKES INC
Mission
WASSERMAN PROJECTS FUND HELPS ARTISTS BRING TO FRUITION AND SHARE NEW PROJECTS WITH OUR VISITORS THAT INSPIRE DISCOURSE ON ART AND ISSUES THAT ARE PARTICULARLY ACTIVE AND TIMELY IN DETROIT. WORKING COLLABORATIVELY TO PRESENT MEANINGFUL VISUAL AND PERFORMING ARTS EXPERIENCES WHILE ENCOURAGING CREATIVE AND ECONOMIC GROWTH IN OUR COMMUNITY.
Program accomplishments
- ORGANIZATION OF EXHIBITION PROGRAM FOR CONTEMPORARY VISUAL ARTISTS. SUPPORTED MIDCAREER AND ESTABLISHED ARTISTS IN THE PRODUCTION AND PRESENTATION OF NEW WORK. THERE WERE 4 EXHIBITIONS HELD IN 2024 WITH OVER 100 ARTISTS EXHIBTITED AND 2,000 VISITORS.Expenses $61,128 · grants $18,200
- ORGANIZATION OF PERFORMING ARTS PROGRAM PRESENTED IN CONVERSATION WITH EXHIBITIONS. SUPPORTED PERFORMING ARTISTS BY HOSTING CONCERTS AND EVENTS. THERE WERE 10 EVENTS HELD IN 2024 WITH OVER 24 PARTICIPATING ARTISTS AND 500 ATTENDEES.Expenses $12,330 · grants $6,350
- ORGANIZATION OF PROFESSIONAL DEVELOPMENT PROGRAM FOR LOCAL CREATIVES. SUPPORTED EMERGING ARTISTS BY PROVIDING MENTORSHIP, NETWORKING, AND PRACTICAL EXPERIENCES. THERE WERE 12 CREATIVES SERVED WITH SEVERAL WENT ON TO STARTING THEIR OWN INDEPENDENT BUSINESSES.Expenses $13,812
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 85-0730303
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $107,229
- Income (IRS master file)
- $113,328
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $99,877 | $117,388 | $107,229 | XML |
| 990-N for 2023 Officer: Gary Wasserman | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: GARY WASSERMAN | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2021 Officer: Gary Wasserman | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-0730303).
Questions about WASSERMAN PROJECTS FUND
- What is the EIN of WASSERMAN PROJECTS FUND?
- The employer identification number (EIN) of WASSERMAN PROJECTS FUND is 85-0730303.
- Is WASSERMAN PROJECTS FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to WASSERMAN PROJECTS FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WASSERMAN PROJECTS FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WASSERMAN PROJECTS FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WASSERMAN PROJECTS FUND last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of WASSERMAN PROJECTS FUND?
- The 990-N for 2023 names Gary Wasserman.
- Who are the officers and directors of WASSERMAN PROJECTS FUND?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $23,311 (ALISON WONG, DIRECTOR AND PRESIDENT).
- How much revenue does WASSERMAN PROJECTS FUND have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $99,877, expenses of $117,388 and total assets of $107,229 at year end.
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