Prosperity Michigan Inc
Prosperity Michigan is the nonpartisan voice advocating for economic growth and opportunity for all michiganders, we make a pro-opportunity agenda front and center with elected officials, candidates, and voters by mobilizing citizens as a force for a prosperous future.
Prosperity Michigan Inc at a glance
- Total assets
- $255,200
- -38.4% vs 2023
- Revenue (2024)
- $1,358,100
- -2.6% vs 2023
- Expenses (2024)
- $1,517,347
- +44.5% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Prosperity Michigan Inc funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $500K–1M range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2020 it made 1 grant totaling $548K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Prosperity Michigan Action Fud Marie, MI | General Purposes | $547,621 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2024 | $255,200 | $1,358,100 | $1,517,347 | — | — |
| 2023 | $414,447 | $1,394,067 | $1,050,354 | — | — |
| 2022 | $70,734 | $4,442,455 | $4,560,764 | — | — |
| 2021 | $189,043 | $790,774 | $625,123 | — | — |
| 2020 | $23,392 | $1,873,364 | $1,878,528 | $547,621 | 1 |
About Prosperity Michigan Inc
Based on IRS filings
Prosperity Michigan Inc is a public charity, based in Sault Sainte Marie, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $255K in total assets.
Leadership & Key People
Officers and directors from IRS filings
Prosperity Michigan Inc is led by Hugh Madden, Executive Director on every filing since 2020; 1 of 4 officers listed in 2024 is compensated.
Officers on the 2024 filing
Hugh Madden
Executive Director
On filings since 2020
20 hrs/week
$91K (2020) → $114K (2024)
Cheryl Hadsall
President
Member → President, 2021
On filings since 2020
1 hr/week
No compensation reported
John Knappmann
Treasurer
Member → Treasurer, 2021
On filings since 2020
1 hr/week
No compensation reported
Susan Solomon
Secretary
Member → Secretary, 2021
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $114K, to Hugh Madden (Executive Dir.).
Frequently asked questions about Prosperity Michigan Inc
How large is Prosperity Michigan Inc?
Prosperity Michigan Inc reported $255K in total assets on its 2024 IRS Form 990. Its revenue that year was $1.4M.
Where does Prosperity Michigan Inc operate?
Prosperity Michigan Inc has awarded grants in Michigan.
What is Prosperity Michigan Inc's EIN?
Prosperity Michigan Inc's EIN (Employer Identification Number) is 84-3158975. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 7, 2021)
- IRS filings on file for fiscal years 2020–2024
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Prosperity Michigan Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Prosperity Michigan Inc down — hundreds of funders to go?