Making It Happen Foundation

EIN: 383609015 501(c)(3) Arts, Culture & Humanities

Detroit, MI

Total Revenue
$38,520
Total Expenses
$524,186
Total Assets
$1,849,663
Net Assets
$1,057,874
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
MI
Principal Officer
Chetrice Gillon
Phone
8006376808
Tax Period
2023-01-01 to 2023-12-31

Making It Happen Foundation, founded in 2000, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $39K in total revenue in fiscal year 2023. Expenses of $524K exceeded revenue, resulting in a 1261% operating deficit.

Mission

We partnered with Michigan State University Berklee Collge of Music New Paradigm for Education and Grow Detroits Young Talent program to provide Career and Techical Training for participants to acquire skills and certifications that assist them in obtaining employment.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $38,520
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $38,520

Expense Breakdown

Grants Paid $0
Salaries & Benefits $225,172
Fundraising Expenses $0
Program Expenses $0
Other Expenses $299,014
TOTAL EXPENSES $524,186

Year-over-Year Comparison

2023 2022 Change
Revenue $38,520 N/A N/A
Expenses $524,186 N/A N/A
Net Income $-485,666 $0 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
32
Volunteers
25

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
3
$118,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chetrice Gillon President 40.00
Director
$0 $0 $110,000
Xavier Emanuel Gillon Treasurer 10.00
Director
$0 $0 $3,000
Margo Walker Director 40.00
Director
$0 $0 $5,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $38,520 $524,186 $1,849,663 $-485,666
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