2023-11-06T08:50:31-05:00 2022-12-31 382706146 YEO & YEO PC 822 CENTENNIAL WAY STE 250 LANSING MI 48917 990 2022-01-01 271388004 MICHIGAN SAVES MICH 230 N WASHINGTON SQUARE SUITE 300 LANSING MI 48933 PAUL SCHUTT PRESIDENT 5174846474 2023-09-06 PAUL SCHUTT 999009999 false BRADLEY M DEVRIES P01305693 5173239500 2023-09-20 2022 2023-04-26 12:10:37Z PAUL SCHUTT 230 N WASHINGTON SQUARE 300 LANSING MI 48933 6384246 false X WWW.MICHIGANSAVES.ORG X 2009 MI THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)3 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE") OR COMPARABLE SUBSEQUENT LEGISLATION. IN FURTHERANCE OF THESE PURPOSES, THE PURPOSE OF THE CORPORATION IS TO CREATE STATEWIDE, INNOVATIVE ENERGY EFFICIENCY AND DISTRIBUTED RENEWABLE ENERGY FINANCING SYSTEM FOR THE BENEFIT OF UTILITY CUSTOMERS IN THE STATE OF MICHIGAN, AND TO ENGAGE IN ACTIVITIES THERETO. 14 14 0 14 0 3737110 2523425 1856907 2830030 240341 301242 0 5834358 5654697 0 0 0 0 38189 3788162 4014555 3788162 4014555 2046196 1640142 18070925 18460904 1909889 3350711 16161036 15110193 X THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)3 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE") OR COMPARABLE SUBSEQUENT LEGISLATION. IN FURTHERANCE OF THESE PURPOSES, THE PURPOSE OF THE CORPORATION IS TO CREATE STATEWIDE, INNOVATIVE ENERGY EFFICIENCY AND DISTRIBUTED RENEWABLE ENERGY FINANCING SYSTEM FOR THE BENEFIT OF UTILITY CUSTOMERS IN THE STATE OF MICHIGAN, AND TO ENGAGE IN ACTIVITIES THERETO. false false 3241680 2830030 THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)3 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE") OR COMPARABLE SUBSEQUENT LEGISLATION. IN FURTHERANCE OF THESE PURPOSES, THE PURPOSE OF THE CORPORATION IS TO CREATE STATEWIDE, INNOVATIVE ENERGY EFFICIENCY AND DISTRIBUTED RENEWABLE ENERGY FINANCING SYSTEM FOR THE BENEFIT OF UTILITY CUSTOMERS IN THE STATE OF MICHIGAN, AND TO ENGAGE IN ACTIVITIES THERETO. 3241680 true true false false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 17 0 true 0 false false false false false false false false X 14 14 false false false false false false false true true false false false true true false true true false false false X PUBLIC SECTOR CONSULTANTS 5174844954 230 N WASHINGTON SQUARE SUITE 300 LANSING MI 48933 X PAUL SCHUTT PRESIDENT 1.50 X X 0 0 0 ROSELYN TANTRAPHOL VICE PRESIDE 0.50 X X 0 0 0 DAVID WIBLE TREASURER 0.50 X X 0 0 0 KAREN GOULD EX OFFICIO 0.50 X X 0 0 0 JOHN BOLADIAN DIRECTOR 0.50 X 0 0 0 AMANDA GODWARD DIRECTOR 0.50 X 0 0 0 JASON MATLEY DIRECTOR 0.50 X 0 0 0 CONAN SMITH DIRECTOR 0.50 X 0 0 0 SELMA TUCKER DIRECTOR 0.50 X 0 0 0 ALINA VERDIYAN DIRECTOR 0.50 X 0 0 0 JAMES WHITE DIRECTOR 0.50 X 0 0 0 MICHAEL LARSON DIRECTOR 0.50 X 0 0 0 BRYAN LEWIS DIRECTOR 0.50 X 0 0 0 EMILY MCGRAW DIRECTOR 0.50 X 0 0 0 PATRICIA POLI ENDED DIRECTOR 0.50 X 0 0 0 SHELLEY SULLIVAN ENDED DIRECTOR 0.50 X 0 0 0 TERI VAN SUMEREN ENDED DIRECTOR 0.50 X 0 0 0 MARY TEMPLETON PRESIDENT/CE 40.00 X 0 0 0 false false false PUBLIC SECTOR CONSULTANTS 230 N WASHINGTON SQUARE SUITE 300 LANSING MI 48933 ADMINISTRATIVE 2663830 1 2523425 2523425 CONTRACTOR/APPLICATION FEES 541900 2830030 2830030 2830030 310260 310260 720531 729549 -9018 -9018 -9018 5654697 2830030 301242 X 20531 20531 2663829 2031972 598886 32971 35898 27383 8071 444 72724 72724 LOAN GUARANTEE 645193 645193 CONTRACTUAL EXPENSES 528380 416408 107198 4774 GOVERNMENT RELATIONS 48000 48000 4014555 3241680 734686 38189 X 634335 1020190 208384 2023902 14925 310297 339537 79022 839938 15023369 15987930 50000 18070925 18460904 1909889 2850711 500000 1909889 3350711 X 8350067 2138454 7810969 12971739 16161036 15110193 18070925 18460904 X 1640142 -2611234 -79751 X false true X true false X 250000 240000 2503219 3737110 2523425 9253754 250000 240000 2503219 3737110 2523425 9253754 41023 9212731 240341 310260 550601 9804355 4686937 0.93970 0.95150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED INVESTMENTS 15987930 F 15987930 3022932 -2611234 -2611234 5634166 20531 20531 5654697 4073775 79751 79751 3994024 20531 20531 4014555 SCHEDULE D, PAGE 4, PART XI, LINE 4B INVESTMENT MANAGEMENT FEES 20,531 SCHEDULE D, PAGE 4, PART XII, LINE 2D CHANGE IN ACCRUED LOAN GUARANTEE CONTINGENCY 79,751 SCHEDULE D, PAGE 4, PART XII, LINE 4B INVESTMENT MANAGEMENT FEES 20,531 FORM 990 - ORGANIZATION'S MISSION THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)3 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE") OR COMPARABLE SUBSEQUENT LEGISLATION. IN FURTHERANCE OF THESE PURPOSES, THE PURPOSE OF THE CORPORATION IS TO CREATE STATEWIDE, INNOVATIVE ENERGY EFFICIENCY AND DISTRIBUTED RENEWABLE ENERGY FINANCING SYSTEM FOR THE BENEFIT OF UTILITY CUSTOMERS IN THE STATE OF MICHIGAN, AND TO ENGAGE IN ACTIVITIES THERETO. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS PREPARED BY A THIRD PARTY AND THEN REVIEWED BY THE MANAGER. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED STAFF 2,031,972 598,886 32,971 FORM 990, PART X THE ORGANIZATION HAS CHANGED ITS ACCOUNTING POLICY FOR NET ASSETS WITH DONOR RESTRICTIONS. THE NEW ACCOUNTING POLICY ADOPTED DURING THE YEAR ENDED DECEMBER 31, 2022 ONLY REFLECTS ACTUAL PAID LOAN LOSSES BEING APPLIED AGAINST RESTRICTED FUNDS. THE PRIOR POLICY ALLOWED FOR OPERATING COSTS TO BE APPLIED AGAINST THESE FUNDS. 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