Southeast Michigan Enterprises Inc
EIN: 814250638 · Detroit, MI · NTEE: S50
| Metric | Value |
|---|---|
| Total Revenue | $266K |
| Total Expenses | $235K |
| Net Assets | $452K |
Is Southeast Michigan Enterprises Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Southeast Michigan Enterprises Inc
Southeast Michigan Enterprises Inc (EIN: 814250638) is a nonprofit organization based in Detroit, MI, classified under NTEE code S50. The organization reported total revenue of $266K and total assets of $871K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southeast Michigan Enterprises Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southeast Michigan Enterprises Inc is a small nonprofit that has been operating for 8 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $270K |
| Total Expenses | $235K |
| Surplus / Deficit | +$35K |
| Total Assets | $867K |
| Total Liabilities | $415K |
| Net Assets | $452K |
| Operating Margin | 12.9% |
| Debt-to-Asset Ratio | 47.9% |
| Months of Reserves | 44.2 months |
Financial Health Grade: A
In 2023, Southeast Michigan Enterprises Inc reported a surplus of $35K with revenue exceeding expenses, holds 44.2 months of operating reserves (strong position), has a debt-to-asset ratio of 47.9% (moderate leverage).
Financial Trends
Over 7 years of filings (2017–2023), Southeast Michigan Enterprises Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.0% | +8.1% | +0.4% |
| 2022 | +13.9% | +9.9% | +2.4% |
| 2021 | +11.6% | +2.8% | -1.2% |
| 2020 | -7.8% | -11.9% | -0.9% |
| 2019 | -10.3% | -9.5% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Southeast Michigan Enterprises Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southeast Michigan Enterprises Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $35K, with revenue exceeding expenses.
- Debt-to-asset ratio: 47.9%.
Frequently Asked Questions about Southeast Michigan Enterprises Inc
Is Southeast Michigan Enterprises Inc a legitimate charity?
Southeast Michigan Enterprises Inc (EIN: 814250638) is a registered tax-exempt nonprofit based in Michigan. It has 7 years of IRS 990 filings on record. Total revenue: $266K. No red flags identified. Financial health grade: A.
How does Southeast Michigan Enterprises Inc spend its money?
Southeast Michigan Enterprises Inc reported $266K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Southeast Michigan Enterprises Inc tax-deductible?
Southeast Michigan Enterprises Inc is registered as a tax-exempt nonprofit (EIN: 814250638). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southeast Michigan Enterprises Inc located?
Southeast Michigan Enterprises Inc is headquartered in Detroit, Michigan and files with the IRS under EIN 814250638. It is classified under NTEE code S50.
How many years of IRS 990 filings does Southeast Michigan Enterprises Inc have?
Southeast Michigan Enterprises Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $266K in total revenue.
Filing History
IRS 990 filing history for Southeast Michigan Enterprises Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Southeast Michigan Enterprises Inc's revenue has declined by 15%, moving from $318K to $270K. Total assets decreased by 1.1% over the same period, from $877K to $867K. Total functional expenses rose by 261%, from $65K to $235K. In its most recent filing year (2023), Southeast Michigan Enterprises Inc reported a surplus of $35K, with revenue exceeding expenses. The organization holds $415K in liabilities against $867K in assets (debt-to-asset ratio: 47.9%), resulting in net assets of $452K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $270K | $235K | $867K | $415K | — | View 990 |
| 2022 | $276K | $217K | $864K | $446K | — | View 990 |
| 2021 | $242K | $198K | $844K | $484K | — | View 990 |
| 2020 | $217K | $192K | $854K | $539K | — | View 990 |
| 2019 | $235K | $219K | $862K | $571K | — | View 990 |
| 2018 | $263K | $242K | $879K | $605K | — | View 990 |
| 2017 | $318K | $65K | $877K | $624K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $270K, expenses of $235K, and assets of $867K (revenue -2.0% year-over-year).
- 2022: Revenue of $276K, expenses of $217K, and assets of $864K (revenue +13.9% year-over-year).
- 2021: Revenue of $242K, expenses of $198K, and assets of $844K (revenue +11.6% year-over-year).
- 2020: Revenue of $217K, expenses of $192K, and assets of $854K (revenue -7.8% year-over-year).
- 2019: Revenue of $235K, expenses of $219K, and assets of $862K (revenue -10.3% year-over-year).
- 2018: Revenue of $263K, expenses of $242K, and assets of $879K (revenue -17.4% year-over-year).
- 2017: Revenue of $318K, expenses of $65K, and assets of $877K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southeast Michigan Enterprises Inc:
Data Sources and Methodology
This transparency report for Southeast Michigan Enterprises Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.