MCAN

Financials

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, and program income. Our expenses are focused on providing support, services, and programs that further postsecondary access and attainment.

All current and historical 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.

2019 Revenue & Support

Total: $7,395,899

Revenue & support

41%
State of Michigan grants
$3,000,000
11%
Federal grants
$820,609
46%
Other grant revenue
$3,404,145
2%
Conference & other income
$171,145

2019 Expenses

Total: $5,652,273

Program services

50%
College Access & Success
$2,807,727
34%
Advise Michigan
$1,921,108
8%
Detroit College Access Network
$422,000
1%
Promise Zone
$57,538

Supporting services

6%
Management & general
$375,009
1%
Fund raising
$68,891