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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$20.1M
Program Spending
96%
of total expenses go to program services
Total Contributions
$18.2M
Total Expenses
▼$12.9M
Total Assets
$122.5M
Total Liabilities
▼$58.9M
Net Assets
$63.6M
Officer Compensation
→$355.9K
Other Salaries
$783.8K
Investment Income
$794.4K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$2.6M
Awards Found
3
| Awarding Agency | Description | Amount | Fiscal Year | Period |
|---|---|---|---|---|
| Department of Commerce | SWMI ACCELERATOR KITCHEN | $2.1M | — | — – — |
| Department of Commerce | THIS EDA INVESTMENT FUNDS THE FUTURE FOOD ACCELERATOR PROJECT, TO FUND A VIRTUAL ACCELERATOR THAT WOULD LINK LEADING EDGE R&D FACILITIES, UNIVERSITY TECHNOLOGY INNOVATION PROGRAMS, ENTREPRENEURSHIP SUPPORT PROGRAMS, INDUSTRY/MARKET EXPERTS, AND DOMAIN EXPERTS TO SUPPORT HIGH-GROWTH, HIGH-POTENTIAL FOOD AND BEVERAGE COMPANIES LOCATED IN OR RELOCATING TO SOUTHCENTRAL MICHIGAN. THE FUTURE FOOD ACCELERATOR IS DESIGNED TO SERVE AS AN EFFICIENT CONDUIT FOR THE DEVELOPMENT, ACCELERATION, TRANSFER, AND TRANSITION OF TECHNOLOGY IN THE FOOD INNOVATION ECOSYSTEM. A TEAM OF QUALIFIED TECHNICAL ASSISTANT PROVIDERS WILL PROVIDE ASSESSMENT TOOLS AND DELIVER WORKSHOPS AND WEBINARS. IN ADDITION, BATTLE CREEK UNLIMITED WILL UTILIZE STAGE-GATE MODELS OF NEW PRODUCT DEVELOPMENT AND PROVIDE INNOVATION MANAGEMENT TOOLS, THEREBY INFORMING INVESTMENT DECISIONS AS COMPANIES PROGRESS AND SEEK ADDITIONAL FUNDING. ONCE COMPLETED, THE BATTLE CREEK UNLIMITED INTENDS TO: GENERATE AT LEAST $3.5M IN AGGREGATE FUNDING FOR A MINIMUM OF 15 COMPANIES OVER THREE YEARS; ACHIEVE TEN COMMERCIAL DEVELOPMENT MILESTONES FOR PROGRAM PARTICIPANTS; ACHIEVE TEN PRODUCT DEVELOPMENT MILESTONES FOR PROGRAM PARTICIPANTS; ASSIST IN THE CREATION OF 5 NEW PRODUCTS AND SERVICES FOR PROGRAM PARTICIPANTS; ASSIST IN THE CREATION OF 150 KNOWLEDGE ECONOMY JOBS FOR THE REGION. | $375K | FY2023 | Nov 2022 – Oct 2025 |
| Department of Commerce | THIS EDA INVESTMENT FUNDS THE FOOD AND BEVERAGE INVESTORS NETWORK PROJECT, TO HELP INCREASE THE CAPACITY OF NEXT-GENERATION BATTLE CREEK FOOD REIMAGINED INVESTORS (NEXT-GEN BCFRI) TO VET, VALIDATE, AND MAKE CRITICAL SEED AND ANGEL INVESTMENTS IN COMPELLING WESTERN MICHIGAN INNOVATION-BASED, EARLY STAGE, HIGH-GROWTH FOOD MANUFACTURING COMPANIES. THE PROJECT WORK WILL: (1) RECRUIT AND TRAIN NEW ANGEL INVESTORS; (2) PROVIDE A PATH INTO PRE-SEED, AND SEED FUND INVESTMENT FOR TRAINED INDIVIDUALS FROM DIVERSE BACKGROUNDS; (3) INCREASE THE POOL OF TRAINED ANGEL INVESTORS FOR SEED FUNDS REGIONALLY; (4) INCREASE ACCESS TO CAPITAL FOR TECHNOLOGY-ENABLED FOOD PROCESSING ENTREPRENEURS IN THE MIDWEST REGION BY EXPOSING NEW FUNDS AND FUND MANAGERS TO REGIONAL INVESTMENT OPPORTUNITIES; AND (5) USE EXISTING TRAINING SOURCES AND THE STATEWIDE CAPITAL NETWORK FOR LEVERAGE. ONCE COMPLETED, THE PROJECT WILL: (1) DEVELOP A TRAINING PROGRAM AND INVESTMENT NETWORK OF INVESTORS TO ADDRESS THE CAPITAL GAPS THROUGH EDUCATION; (2) INCREASE THE DIVERSITY OF ANGEL INVESTORS AND (3) DIVERSIFY ACCESS TO CAPITAL THROUGH THE CREATION OF NEW FUNDS. | $147.8K | FY2023 | Nov 2022 – Oct 2024 |
Department of Commerce
$2.1M
SWMI ACCELERATOR KITCHEN
Department of Commerce
$375K
THIS EDA INVESTMENT FUNDS THE FUTURE FOOD ACCELERATOR PROJECT, TO FUND A VIRTUAL ACCELERATOR THAT WOULD LINK LEADING EDGE R&D FACILITIES, UNIVERSITY TECHNOLOGY INNOVATION PROGRAMS, ENTREPRENEURSHIP SUPPORT PROGRAMS, INDUSTRY/MARKET EXPERTS, AND DOMAIN EXPERTS TO SUPPORT HIGH-GROWTH, HIGH-POTENTIAL FOOD AND BEVERAGE COMPANIES LOCATED IN OR RELOCATING TO SOUTHCENTRAL MICHIGAN. THE FUTURE FOOD ACCELERATOR IS DESIGNED TO SERVE AS AN EFFICIENT CONDUIT FOR THE DEVELOPMENT, ACCELERATION, TRANSFER, AND TRANSITION OF TECHNOLOGY IN THE FOOD INNOVATION ECOSYSTEM. A TEAM OF QUALIFIED TECHNICAL ASSISTANT PROVIDERS WILL PROVIDE ASSESSMENT TOOLS AND DELIVER WORKSHOPS AND WEBINARS. IN ADDITION, BATTLE CREEK UNLIMITED WILL UTILIZE STAGE-GATE MODELS OF NEW PRODUCT DEVELOPMENT AND PROVIDE INNOVATION MANAGEMENT TOOLS, THEREBY INFORMING INVESTMENT DECISIONS AS COMPANIES PROGRESS AND SEEK ADDITIONAL FUNDING. ONCE COMPLETED, THE BATTLE CREEK UNLIMITED INTENDS TO: GENERATE AT LEAST $3.5M IN AGGREGATE FUNDING FOR A MINIMUM OF 15 COMPANIES OVER THREE YEARS; ACHIEVE TEN COMMERCIAL DEVELOPMENT MILESTONES FOR PROGRAM PARTICIPANTS; ACHIEVE TEN PRODUCT DEVELOPMENT MILESTONES FOR PROGRAM PARTICIPANTS; ASSIST IN THE CREATION OF 5 NEW PRODUCTS AND SERVICES FOR PROGRAM PARTICIPANTS; ASSIST IN THE CREATION OF 150 KNOWLEDGE ECONOMY JOBS FOR THE REGION.
Department of Commerce
$147.8K
THIS EDA INVESTMENT FUNDS THE FOOD AND BEVERAGE INVESTORS NETWORK PROJECT, TO HELP INCREASE THE CAPACITY OF NEXT-GENERATION BATTLE CREEK FOOD REIMAGINED INVESTORS (NEXT-GEN BCFRI) TO VET, VALIDATE, AND MAKE CRITICAL SEED AND ANGEL INVESTMENTS IN COMPELLING WESTERN MICHIGAN INNOVATION-BASED, EARLY STAGE, HIGH-GROWTH FOOD MANUFACTURING COMPANIES. THE PROJECT WORK WILL: (1) RECRUIT AND TRAIN NEW ANGEL INVESTORS; (2) PROVIDE A PATH INTO PRE-SEED, AND SEED FUND INVESTMENT FOR TRAINED INDIVIDUALS FROM DIVERSE BACKGROUNDS; (3) INCREASE THE POOL OF TRAINED ANGEL INVESTORS FOR SEED FUNDS REGIONALLY; (4) INCREASE ACCESS TO CAPITAL FOR TECHNOLOGY-ENABLED FOOD PROCESSING ENTREPRENEURS IN THE MIDWEST REGION BY EXPOSING NEW FUNDS AND FUND MANAGERS TO REGIONAL INVESTMENT OPPORTUNITIES; AND (5) USE EXISTING TRAINING SOURCES AND THE STATEWIDE CAPITAL NETWORK FOR LEVERAGE. ONCE COMPLETED, THE PROJECT WILL: (1) DEVELOP A TRAINING PROGRAM AND INVESTMENT NETWORK OF INVESTORS TO ADDRESS THE CAPITAL GAPS THROUGH EDUCATION; (2) INCREASE THE DIVERSITY OF ANGEL INVESTORS AND (3) DIVERSIFY ACCESS TO CAPITAL THROUGH THE CREATION OF NEW FUNDS.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $20.1M | $18.2M | $12.9M | $122.5M | $63.6M |
| 2022 | $30.3M | $29.1M | $4.8M | $55.5M | $41.2M |
| 2021 | $6.6M | $5.3M | $3.7M | $30.4M | $17M |
| 2020 | $5M | $4.5M | $4.5M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Joseph Sobieralski | President/ceo | 40 | $291.5K | $0 | $36.8K | $328.3K |
| Erick Stewart | Chair | 1 | $0 | $0 | $0 | $0 |
| Sara Wallace | Treasurer | 1 | $0 | $0 | $0 | $0 |
| Nate Darlington | 1st Vice Chair | 1 | $0 | $0 | $0 | $0 |
| John Gallagher | 2nd Vice Chair | 1 | $0 | $0 | $0 | $0 |
| Stacy Flathau | Secretary (beg Sep 2023) | 1 | $0 | $0 | $0 | $0 |
Joseph Sobieralski
President/ceo
$328.3K
Hrs/Wk
40
Compensation
$291.5K
Related Orgs
$0
Other
$36.8K
Erick Stewart
Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Sara Wallace
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Nate Darlington
1st Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
John Gallagher
2nd Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Stacy Flathau
Secretary (beg Sep 2023)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Dr Paul Watson Ii | Director | 0.5 | $0 | $0 | $0 | $0 |
| Drew Schweitzer | Director | 0.5 | $0 | $0 | $0 | $0 |
| Frank Tecumseh | Director | 0.5 | $0 | $0 | $0 | $0 |
| Jim Sholl | Director | 0.5 | $0 | $0 | $0 | $0 |
| Joe Michilizzi | Director | 0.5 | $0 | $0 | $0 | $0 |
| Kris Bahner | Director |
Dr Paul Watson Ii
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Drew Schweitzer
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Frank Tecumseh
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
| $17.6M |
| $13.8M |
| 2019 | $5.1M | $4.3M | $4.7M | $16.9M | $13M |
| 2018 | $3.1M | $2.6M | $3.2M | $14.4M | $12.2M |
| 2017 | $3.8M | $3.1M | $2.9M | $13.9M | $12.2M |
| 2016 | $3.6M | $3.2M | $4.2M | $14.7M | $11.5M |
| 2015 | $6.6M | $5.7M | $5.5M | $16.2M | $12M |
| 2014 | $6.6M | $5.5M | $6.3M | $17M | $11M |
| 2013 | $7M | $5.6M | $5.9M | $17.2M | $10.6M |
| 2012 | $7.3M | $5.9M | $8.3M | $21M | $9.7M |
| 2011 | $10.7M | $9.3M | $6.3M | $17.9M | $10.9M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| 0.5 |
| $0 |
| $0 |
| $0 |
| $0 |
| Mike Way | Director | 0.5 | $0 | $0 | $0 | $0 |
| Neal Graziano | Director | 0.5 | $0 | $0 | $0 | $0 |
| Rebecca Fleury | Director | 0.5 | $0 | $0 | $0 | $0 |
| Stacey Hamlin | Director (end Jun 2024) | 0.5 | $0 | $0 | $0 | $0 |
Jim Sholl
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Joe Michilizzi
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Kris Bahner
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Mike Way
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Neal Graziano
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Rebecca Fleury
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Stacey Hamlin
Director (end Jun 2024)
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0