Michigan Future Foundation

990EZ • Fiscal year 2017 • EIN 04-3599062

Sep 01, 2016 to Aug 31, 2017 • Filed on Feb 09, 2018

Organization Profile WWW.MIFUTURE.ORG

1141 Centennial WayLansing, MI 48917

(517) 323-9473

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.07x

Higher debt load relative to assets than 75% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

0.87x

Higher debt load relative to revenue than 95% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

-114%

Higher net margin than 4% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

-6.4%

Faster asset growth than 33% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

36%

Faster revenue growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet

Liabilities / Assets75th percentile

Assets

Down

$401,919

Down $27,334 (-6.4%) from 2016

Net Assets

Down

$375,274

Down $10,494 (-2.7%) from 2016

Liabilities

Down

$26,645

Down $16,840 (-39%) from 2016

Revenue And Expenses

Liabilities / Revenue95th percentile Net Margin4th percentile

Revenue

$30,727

Up $8,138 (+36%) from 2016

Expenses

$65,886

Up $5,853 (+9.7%) from 2016

Net Income

-$35,159

Up $2,285 (+6.1%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2017

Assets$401,919

Liabilities$26,645

Net Assets$375,274

Open 2017 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2017

Revenue$30,727

Expenses$65,886

Net Income-$35,159

Open 2017 Filing

Jump To

Filing Snapshot

Filing Period: Sep 1, 2016 to Aug 31, 2017
Signed: Feb 9, 2018
Return Version: 2016v3.0
Gross Receipts: $147,672

Mission and Program Overview

Mission

Educate, promote, and encourage careers in the independent agency system.

Program Services

Description	Grants	Expenses
EDUCATE, PROMOTE AND ENCOURAGE CAREERS IN THE INDEPENDENT AGENCY SYSTEM. IN ADDITION, TO HELP STUDENTS ATTEND THE YOUNG AGENTS COUNCIL SPRING CONFERENCE.	$0	$61,681

Compensation and Service Providers

Top Officer Pay76th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
BARBARA WALKER	Chair	-	$0	-	-
CLIFF MILLER	Vice Chair	-	$0	-	-
DAN MERCURE JR	Treasurer	-	$0	-	-
DENISE COX	Secretary	-	$0	-	-
ERIC KARN	Board Member	-	$0	-	-
JIM MCGRAIN	Board Member	-	$0	-	-
JOHN OLSON	Board Member	-	$0	-	-

Fundraising, Events, and Gaming

Fundraising Events

Event	Gross Receipts	Gross Revenue	Direct Expenses	Net Income
Golf Outing	$36,777	$14,259	$23,344	$-9,085
Total Events	$36,777	$14,259	$23,344	$-9,085

Filing and Contact Details

Filer

Filer Name: Michigan Future Foundation
EIN: 04-3599062
Phone: 5173239473
Address: 1141 CENTENNIAL WAY, LANSING, MI 48917

Signing Officer

Name: Phil Chajkowski
Title: Accounting Manager
Phone: 5173239473
Signed: 2018-02-09
Discuss with paid preparer: Yes

Preparer

Firm: Maner Costerisan Pc
Address: 2425 E GRAND RIVER SUITE 1, LANSING, MI 48912-3291
Preparer: James E Nyquist CPA
Phone: 5173237500

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: interest income. Amount: 8,039.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: scholarship. Grantee name: dan diederich. Grantee relationship: none. Amount given: 2,000.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: scholarship. Grantee name: jacob parry. Grantee relationship: none. Amount given: 1,000.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: scholarship. Grantee name: chase garavaglia. Grantee relationship: none. Amount given: 500.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: scholarship. Grantee name: jenna benvenuti. Grantee relationship: none. Amount given: 1,000.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: scholarship. Grantee name: samuel knoechel. Grantee relationship: none. Amount given: 2,500.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: scholarship. Grantee name: aiden holliday. Grantee relationship: none. Amount given: 2,500.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: scholarship. Grantee name: various. Grantee relationship: none. Amount given: 120.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: scholarship. Grantee name: amount set aside for scholarships for fye 8/31/17. Grantee relationship: none. Amount given: 20,000.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: internship grants. Grantee name: capsure insurance group. Grantee address: 146 monroe center st nw #610 grand rapids, mi 49503. Grantee relationship: none. Amount given: 3,000.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: internship grants. Grantee name: olivier-vandyk insurance agency. Grantee address: 2780 44th st sw wyoming , mi 49519. Grantee relationship: none. Amount given: 3,000.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: internship grants. Grantee name: tri-county agency, inc. Grantee address: 1118 w. Lake st tawas city, mi 48763. Grantee relationship: none. Amount given: 3,000.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: internship grants. Grantee name: russell & schrader insurance agency. Grantee address: 219 e lawrence ave charlotte, mi 48813. Grantee relationship: none. Amount given: 3,000.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: internship grants. Grantee name: vtc insurance group. Grantee address: 1175 west long lake rd, ste 200 troy, mi 48098. Grantee relationship: none. Amount given: 3,000.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: internship grants. Grantee name: vested risk strategies, inc. Grantee address: 83 n broad st hillsdale, mi 49242. Grantee relationship: none. Amount given: 3,000.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: internship grants. Grantee name: city insurance agency. Grantee address: 722 w washington st marquette, mi 49855. Grantee relationship: none. Amount given: 1,350.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: internship grants. Grantee name: kapnick insurance group. Grantee address: 333 industrial drive adrian, mi 49221. Grantee relationship: none. Amount given: 3,000. Total included on form 990-ez, line 10: 51,970.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: meetings & conventions. Amount: 7,560. Description: office expense. Amount: 1,551. Description: information technology. Amount: 600. Total to form 990-ez, line 16: 9,711.”

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

“Description: unrealized gain. Amount: 24,665.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: prepaid expenses. Beg. Of year amount: 29,844. End of year amount: 7,180. Description: investments. Beg. Of year amount: 357,401. End of year amount: 358,630. Description: accounts receivable. Beg. Of year amount: 1,235. End of year amount: 270. Description: due from affiliated organizations. Beg. Of year amount: 5,281. End of year amount: 12,270.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accounts payable. Beg. Of year amount: 23,075. End of year amount: 9,000. Description: deferred revenue. Beg. Of year amount: 20,410. End of year amount: 17,645.”

Raw XML Appendix231 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path	#	Value
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IRS990EZ/BooksInCareOfDetail/PersonNm	0	PHILIP CHAJKOWSKI
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	5173278025
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	1141 CENTENNIAL WAY
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	LANSING
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	48917
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	35492
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	23569
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	0
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	24368
IRS990EZ/CostOrOtherBasisExpenseSaleAmt	0	93601
IRS990EZ/DirectIndirectPltclExpendAmt	0	0
IRS990EZ/DonorAdvisedFndsInd	0	0
IRS990EZ/EngagedInExcessBenefitTransInd	0	0
IRS990EZ/ExcessOrDeficitForYearAmt	0	-35159
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	4205
IRS990EZ/FiledScheduleAInd	0	1
IRS990EZ/ForeignFinancialAccountInd	0	0
IRS990EZ/ForeignOfficeInd	0	0
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	429253
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	401919
IRS990EZ/FundraisingGrossIncomeAmt	0	14259
IRS990EZ/GainOrLossFromSaleOfAssetsAmt	0	2730
IRS990EZ/GrantsAndSimilarAmountsPaidAmt	0	51970
IRS990EZ/GrossReceiptsAmt	0	147672
IRS990EZ/InfoInScheduleOPartIIIInd	0	X
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InfoInScheduleOPartVInd	0	X
IRS990EZ/InvestmentIncomeAmt	0	8039
IRS990EZ/LobbyingActivitiesInd	0	0
IRS990EZ/MadeLoansToFromOfficersInd	0	0
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	385768
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	375274
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	385768
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	375274
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	0.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	0.50
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	3	0.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	4	0.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	5	0.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	6	0.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	4	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	5	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	6	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	4	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	5	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	6	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	4	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	5	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	6	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	BARBARA WALKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	CLIFF MILLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	DAN MERCURE JR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	3	DENISE COX
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	4	ERIC KARN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	5	JIM MCGRAIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	6	JOHN OLSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	VICE CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	3	SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	4	BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	5	BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	6	BOARD MEMBER
IRS990EZ/OperateHospitalInd	0	0
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	0
IRS990EZ/OrganizationHadUBIInd	0	0
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	393761
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	378350
IRS990EZ/OtherChangesInNetAssetsAmt	0	24665
IRS990EZ/OtherExpensesTotalAmt	0	9711
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	0
IRS990EZ/PrimaryExemptPurposeTxt	0	EDUCATE, PROMOTE, AND ENCOURAGE CAREERS IN THE INDEPENDENT AGENCY SYSTEM.
IRS990EZ/ProgramServiceRevenueAmt	0	4675
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	EDUCATE, PROMOTE AND ENCOURAGE CAREERS IN THE INDEPENDENT AGENCY SYSTEM. IN ADDITION, TO HELP STUDENTS ATTEND THE YOUNG AGENTS COUNCIL SPRING CONFERENCE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	61681
IRS990EZ/ProhibitedTaxShelterTransInd	0	0
IRS990EZ/RelatedOrganizationCtrlEntInd	0	0
IRS990EZ/SaleOfAssetsGrossAmt	0	96331
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	0
IRS990EZ/SpecialEventsDirectExpensesAmt	0	23344
IRS990EZ/SpecialEventsNetIncomeLossAmt	0	-9085
IRS990EZ/SubjectToProxyTaxInd	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	43485
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	26645
IRS990EZ/TanningServicesProvidedInd	0	0
IRS990EZ/TaxImposedOnOrganizationMgrAmt	0	0
IRS990EZ/TaxImposedUnderIRC4911Amt	0	0
IRS990EZ/TaxImposedUnderIRC4912Amt	0	0
IRS990EZ/TaxImposedUnderIRC4955Amt	0	0
IRS990EZ/TaxReimbursedByOrganizationAmt	0	0
IRS990EZ/TotalExpensesAmt	0	65886
IRS990EZ/TotalProgramServiceExpensesAmt	0	61681
IRS990EZ/TotalRevenueAmt	0	30727
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	0
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	WWW.MIFUTURE.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	24368
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	22696
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	22876
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	24519
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	24024
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	118483
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt	0	8039
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt	0	8179
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt	0	10158
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt	0	6800
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt	0	6587
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt	0	39763
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt	0	69553
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	0.74870
IRS990ScheduleA/PublicSupportPY170Pct	0	0.75980
IRS990ScheduleA/PublicSupportTotal170Amt	0	118483
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	24368
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	22696
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	22876
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	24519
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	24024
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	118483
IRS990ScheduleA/TotalSupportAmt	0	158246
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt	0	22518
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt	0	22518
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt	0	23344
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm	0	GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt	0	36777
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt	0	36777
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt	0	14259
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt	0	14259
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt	0	-9085
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt	0	23344
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt	0	23344
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	DESCRIPTION: INTEREST INCOME. AMOUNT: 8,039.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: DAN DIEDERICH. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 2,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: JACOB PARRY. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 1,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: CHASE GARAVAGLIA. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: JENNA BENVENUTI. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 1,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: SAMUEL KNOECHEL. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 2,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	6	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: AIDEN HOLLIDAY. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 2,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	7	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: VARIOUS. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 120.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	8	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: AMOUNT SET ASIDE FOR SCHOLARSHIPS FOR FYE 8/31/17. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 20,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	9	ACTIVITY CLASSIFICATION: INTERNSHIP GRANTS. GRANTEE NAME: CAPSURE INSURANCE GROUP. GRANTEE ADDRESS: 146 MONROE CENTER ST NW #610 GRAND RAPIDS, MI 49503. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 3,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	10	ACTIVITY CLASSIFICATION: INTERNSHIP GRANTS. GRANTEE NAME: OLIVIER-VANDYK INSURANCE AGENCY. GRANTEE ADDRESS: 2780 44TH ST SW WYOMING , MI 49519. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 3,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	11	ACTIVITY CLASSIFICATION: INTERNSHIP GRANTS. GRANTEE NAME: TRI-COUNTY AGENCY, INC. GRANTEE ADDRESS: 1118 W. LAKE ST TAWAS CITY, MI 48763. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 3,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	12	ACTIVITY CLASSIFICATION: INTERNSHIP GRANTS. GRANTEE NAME: RUSSELL & SCHRADER INSURANCE AGENCY. GRANTEE ADDRESS: 219 E LAWRENCE AVE CHARLOTTE, MI 48813. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 3,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	13	ACTIVITY CLASSIFICATION: INTERNSHIP GRANTS. GRANTEE NAME: VTC INSURANCE GROUP. GRANTEE ADDRESS: 1175 WEST LONG LAKE RD, STE 200 TROY, MI 48098. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 3,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	14	ACTIVITY CLASSIFICATION: INTERNSHIP GRANTS. GRANTEE NAME: VESTED RISK STRATEGIES, INC. GRANTEE ADDRESS: 83 N BROAD ST HILLSDALE, MI 49242. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 3,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	15	ACTIVITY CLASSIFICATION: INTERNSHIP GRANTS. GRANTEE NAME: CITY INSURANCE AGENCY. GRANTEE ADDRESS: 722 W WASHINGTON ST MARQUETTE, MI 49855. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 1,350.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	16	ACTIVITY CLASSIFICATION: INTERNSHIP GRANTS. GRANTEE NAME: KAPNICK INSURANCE GROUP. GRANTEE ADDRESS: 333 INDUSTRIAL DRIVE ADRIAN, MI 49221. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 3,000. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 51,970.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	17	DESCRIPTION: MEETINGS & CONVENTIONS. AMOUNT: 7,560. DESCRIPTION: OFFICE EXPENSE. AMOUNT: 1,551. DESCRIPTION: INFORMATION TECHNOLOGY. AMOUNT: 600. TOTAL TO FORM 990-EZ, LINE 16: 9,711.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	18	DESCRIPTION: UNREALIZED GAIN. AMOUNT: 24,665.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	19	DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 29,844. END OF YEAR AMOUNT: 7,180. DESCRIPTION: INVESTMENTS. BEG. OF YEAR AMOUNT: 357,401. END OF YEAR AMOUNT: 358,630. DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 1,235. END OF YEAR AMOUNT: 270. DESCRIPTION: DUE FROM AFFILIATED ORGANIZATIONS. BEG. OF YEAR AMOUNT: 5,281. END OF YEAR AMOUNT: 12,270.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	20	DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 23,075. END OF YEAR AMOUNT: 9,000. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 20,410. END OF YEAR AMOUNT: 17,645.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	5	FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	6	FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	7	FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	8	FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	9	FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	10	FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	11	FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	12	FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	13	FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	14	FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	15	FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	16	FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	17	FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	18	FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	19	FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	20	FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc	0	THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS	0	2018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	1
ReturnHeader/BusinessOfficerGrp/PersonNm	0	PHIL CHAJKOWSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	ACCOUNTING MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	5173239473
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2018-02-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	MICHIGAN FUTURE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt	0	MICH
ReturnHeader/Filer/EIN	0	043599062
ReturnHeader/Filer/PhoneNum	0	5173239473
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	1141 CENTENNIAL WAY
ReturnHeader/Filer/USAddress/CityNm	0	LANSING
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	MI
ReturnHeader/Filer/USAddress/ZIPCd	0	48917
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId	0	E82C26A10074495D9EF88CFAE9711A422731F6EC
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId	0	CF5D9917F835C009D68467FACEDA9429487CB71A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd	0	P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt	0	216.163.63.50
ReturnHeader/FilingSecurityInformation/IPDt	0	2018-02-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd	0	ES
ReturnHeader/FilingSecurityInformation/IPTm	0	15:20:02
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	382157642
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	MANER COSTERISAN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	2425 E GRAND RIVER SUITE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	LANSING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	489123291
ReturnHeader/PreparerPersonGrp/PhoneNum	0	5173237500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	JAMES E NYQUIST CPA
ReturnHeader/ReturnTs	0	2018-04-17T00:00:00-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2016-09-01
ReturnHeader/TaxPeriodEndDt	0	2017-08-31
ReturnHeader/TaxYr	0	2016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $401,919
Liabilities: $26,645
Net assets: $375,274
Revenue: $30,727
Expenses: $65,886
Net income: -$35,159

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Detailed filing. Detailed filing data is available for this year.	$4.31	$0.03	$4.28	$0.22	$0.27	$0.05
2024Detailed filing. Detailed filing data is available for this year.	$4.10	$0.03	$4.07	$0.24	$0.30	$0.07
2023Detailed filing. Detailed filing data is available for this year.	$3.85	$0.03	$3.82	$0.15	$0.14	$0.01
2022Detailed filing. Detailed filing data is available for this year.	$3.69	$0.03	$3.66	$0.09	$0.14	$0.05
2021Detailed filing. Detailed filing data is available for this year.	$4.24	$0.09	$4.15	$0.36	$0.36	$0.01
2020Detailed filing. Detailed filing data is available for this year.	$3.97	$0.15	$3.82	$0.31	$0.32	$0.01
2019Detailed filing. Detailed filing data is available for this year.	$3.90	$0.18	$3.71	$0.36	$0.37	$0.01
2018Detailed filing. Detailed filing data is available for this year.	$4.15	$0.35	$3.81	$0.44	$0.41	$0.03
2017Detailed filing. Detailed filing data is available for this year.	$4.02	$0.27	$3.75	$0.31	$0.66	$0.35
2016Detailed filing. Detailed filing data is available for this year.	$4.29	$0.43	$3.86	$0.23	$0.60	$0.37
2015Detailed filing. Detailed filing data is available for this year.	$4.35	$0.25	$4.10	$0.36	$0.31	$0.06
2014Detailed filing. Detailed filing data is available for this year.	$4.63	$0.29	$4.34	$0.55	$0.19	$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$3.95	$0.08	$3.87	$0.28	$0.09	$0.19
2012Summary only. Only limited summary data is available for this year.	$3.80	$0.17		$0.25	$0.14	$0.12
2011Summary only. Only limited summary data is available for this year.	$3.74	$0.25		$0.52	$0.12	$0.40