Nonprofit · EIN 85-2248065
FINM SOLUTIONS
Tax-exempt · DETROIT, MI 48202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $63,964 | $88,833 | -$24,869 | $2,664 | $9,766 | -$7,102 |
| December 31, 2023 | 990 | $151,158 | $149,382 | $1,776 | $25,540 | $21,252 | $4,288 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $63,964
- of which government grants
- $44,841
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $33,431
- Salaries, compensation and benefits (total)
- $36,245
- Professional fundraising fees
- $0
- Accounting fees
- $5,987
- Occupancy
- $631
- Travel
- $163
- Depreciation
- $1,738
- Program services (functional)
- $69,098
- Management and general (functional)
- $19,735
Balance sheet and other
- Total assets, start of year
- $25,540
- Total assets, end of year
- $2,664
- Total liabilities, end of year
- $9,766
- Net assets, end of year
- -$7,102
- Net assets without donor restrictions
- -$7,102
- Gross receipts
- $63,964
- Employees
- 1
- Year formed
- 2020
- State of legal domicile
- MI
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shaniece Bennett | President Officer | 0 | $0 |
| Eboney Hurt | Treasurer Officer | 0 | $0 |
| Jennifer Bates | Secretary Officer | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shaniece Bennett | President Officer | 0 | $31,821 |
| Jennifer Bates | Secretary Officer | 0 | $0 |
| Eboney Hurt | Treasurer Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 440 BURROUGHS ST STE 185, DETROIT, MI 48202-3469
- In care of
- % SHANIECE BENNETT
- Mailing address (990-N for 2022)
- 46958 Gratiot Ave, Chesterfield MI 48051
- Principal officer (990-N for 2022)
- Shaniece Bennett, 46958 Gratiot Ave, Chesterfield MI 48051
- Signed the 990
- SHANIECE BENNETT, President
- Phone
- (313) 316-7631
- Website
- www.finmsolutions.org
- Return prepared by
- Accutrak Consulting and Acctng Svcs
Mission
To offer essential resources, training, mentoring, and advocacy to small organizations, helping them achieve success and support the communities that they serve.
Program accomplishments
- Completed first cohort of the new pathways to prosperity program for administrative assistantsExpenses $69,098 · grants $69,098
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-2248065
- 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)
- Community improvement and capacity building (S02)
- Assets (IRS master file)
- $2,664
- Income (IRS master file)
- $63,964
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $63,964 | $88,833 | $2,664 | IRS |
| 990 | December 2023 | $151,158 | $149,382 | $25,540 | XML |
| 990-N for 2022 Officer: Shaniece Bennett | December 31, 2022 | ≤ $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 85-2248065).
Questions about FINM SOLUTIONS
- What is the EIN of FINM SOLUTIONS?
- The employer identification number (EIN) of FINM SOLUTIONS is 85-2248065.
- Is FINM SOLUTIONS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to FINM SOLUTIONS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FINM SOLUTIONS 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 FINM SOLUTIONS 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 FINM SOLUTIONS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FINM SOLUTIONS?
- The 990-N for 2022 names Shaniece Bennett.
- Who are the officers and directors of FINM SOLUTIONS?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does FINM SOLUTIONS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $63,964, expenses of $88,833 and total assets of $2,664 at year end.
Other nonprofits in DETROIT
- WAYNE-METROPOLITAN COMMUNITY ACTION AGENCY EIN 38-1976979 · last filed 990 for 2025
- INVEST DETROIT FOUNDATION EIN 27-1927369 · last filed 990 for 2024
- FOUNDATION FOR DETROITS FUTURE EIN 46-4873153 · last filed 990 for 2024
- DOWNTOWN DETROIT PARTNERSHIP INC EIN 38-3436456 · last filed 990 for 2024
- DETROIT REGIONAL CHAMBER FOUNDATION INC EIN 38-2352462 · last filed 990 for 2025
- DETROIT REGIONAL PARTNERSHIP FOUNDATION EIN 83-1361974 · last filed 990 for 2024
- DETRIOT ECONOMIC GROWTH ASSOCIATION EIN 38-2433720 · last filed 990 for 2025
- CONNECT DETROIT EIN 38-3570727 · last filed 990 for 2024
All nonprofits in DETROIT · Michigan · Community improvement and capacity building