Financials

2021 Total Revenue

$7,946,913

Revenue & support

37.75%
State of Michigan Appropriation
$3,000,000
14.13%
Federal Grants
$1,123,192
47.74%
Philanthropic Investment
$3,793,744
0.38%
Conference
$29,977

2021 Total Expenses

$7,073,559

Program services

39.37%
AmeriCorps Programs
$2,785,002
37.90%
College Access & Success
$2,680,724
10.90%
Detroit College Access Network
$771,157
0.59%
Michigan Promise Zone Association
$41,409
0.55%
Diploma Equity Project
$38,905

Supporting services

8.97%
Management & General
$634,331
1.73%
Fundraising
$122,031

Michigan College Access Network was formed on August 23, 2010 and became its own legal entity on November 1, 2011 when it merged with another 501(c)3 organization. We are supported by a mixture of governmental grants, philanthropic grants, State of Michigan Appropriation support, and program income. Our expenses are focused on providing support, services, and programs that further postsecondary access and attainment.

Current financial statements are published below.

MCAN is committed to transparency and accountability. Detailed financial statements are presented to the MCAN board of directors for review and oversight on a quarterly basis. MCAN’s certified public accountant supports MCAN's financial management and bookkeeping duties. In addition, MCAN contracted with Doeren Mayhew for auditing services.

Financial Statement 990 Form