Flint business consultants get $500K from 2024 state budget

The Flint nonprofit 100K Ideas was one of many organizations to receive special treatment from Michigan lawmakers in the 2024 budget, receiving $500,000. The organization helps business start-ups.

The nonprofit received $669,514 in total contributions in 2021, according to its Form 990. It received $292,682 in state grants and $298,193 in other contributions in 2020, according to its most recently available financial audit. In 2019 it received $42,886 in state grants and $870,831 in other contributions.

The nonprofit receives a relatively modest amount of revenue by charging for some of its services. It provides an initial free assessment for clients, with follow-on consulting fees of $40 per hour or $100 per month. In 2020, it received $16,846 in program service fees.

The front page of 100K Ideas’ website indicates it receives funding from various charitable foundations and a commercial bank. The page indicates that support also comes from the Michigan Economic Development Corporation, a state agency that distributes taxpayer subsidies to select companies.

100K Ideas did not respond to an email seeking comment.