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Wasserman Projects Fund

EIN 85-0730303 · Auburn Hills, MI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair69 out of 100GovernanceNot ratedThe short tax form does not cover thisImpact evidenceDescribes programsHow well its results are evidenced

What it says it does

WASSERMAN PROJECTS FUND HELPS ARTISTS BRING TO FRUITION AND SHARE NEW PROJECTS WITH OUR VISITORS THAT INSPIRE DISCOURSE ON ART AND ISSUES THAT ARE PARTICULARLY ACTIVE AND TIMELY IN DETROIT. WORKING COLLABORATIVELY TO PRESENT MEANINGFUL VISUAL AND PERFORMING ARTS EXPERIENCES WHILE ENCOURAGING CREATIVE AND ECONOMIC GROWTH IN OUR COMMUNITY.

Income
$99,877
Spending
$117,388
Reserves
9.4 months of spending
Largest source of income
donations and private grants, 87%
Highest pay
$23,311, director and president

Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 69 out of 100. Higher than 39% of charities in its peer group (arts and culture, under $250k).

  • Reserves

    28 of 35

    Spendable reserves would cover 9.4 months of spending.

  • Debt

    20 of 20

    It owes 14% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 18% of income.

Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.

Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $61,128 spent. ORGANIZATION OF EXHIBITION PROGRAM FOR CONTEMPORARY VISUAL ARTISTS. SUPPORTED MIDCAREER AND ESTABLISHED ARTISTS IN THE PRODUCTION AND PRESENTATION OF NEW WORK. THERE WERE 4 EXHIBITIONS HELD IN 2024 WITH OVER 100 ARTISTS EXHIBTITED AND 2,000 VISITORS.
  2. $12,330 spent. ORGANIZATION OF PERFORMING ARTS PROGRAM PRESENTED IN CONVERSATION WITH EXHIBITIONS. SUPPORTED PERFORMING ARTISTS BY HOSTING CONCERTS AND EVENTS. THERE WERE 10 EVENTS HELD IN 2024 WITH OVER 24 PARTICIPATING ARTISTS AND 500 ATTENDEES.
  3. $13,812 spent. ORGANIZATION OF PROFESSIONAL DEVELOPMENT PROGRAM FOR LOCAL CREATIVES. SUPPORTED EMERGING ARTISTS BY PROVIDING MENTORSHIP, NETWORKING, AND PRACTICAL EXPERIENCES. THERE WERE 12 CREATIVES SERVED WITH SEVERAL WENT ON TO STARTING THEIR OWN INDEPENDENT BUSINESSES.

Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2021.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.