Civic Intelligence

Bizdom

990 • Fiscal year 2011 • EIN 20-4775521

Jan 01, 2011 to Dec 31, 2011 • Filed on Nov 13, 2012

Organization ProfileN/A
440 Burroughs Street No 31448202
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$147,746

Flat from 2011

Net Assets

Flat

-$113,032

Flat from 2011

Liabilities

Flat

$260,778

Flat from 2011

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

Flat

$1,434,396

Flat from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2010: $255,424Liabilities 2010: $191,764Net Assets 2010: $63,6602010Assets 2011: $147,746Liabilities 2011: $260,778Net Assets 2011: -$113,0322011Assets 2011: $147,746Liabilities 2011: $260,778Net Assets 2011: -$113,0322011Assets 2012: $465,444Liabilities 2012: $742,381Net Assets 2012: -$276,9372012Assets 2013: $1,551,920Liabilities 2013: $1,057,673Net Assets 2013: $494,2472013Assets 2014: $723,990Liabilities 2014: $213,863Net Assets 2014: $510,1272014Assets 2015: $645,239Liabilities 2015: $704,662Net Assets 2015: -$59,4232015Assets 2016: $196,494Liabilities 2016: $590,662Net Assets 2016: -$394,1682016Assets 2017: $194,539Liabilities 2017: $890,815Net Assets 2017: -$696,2762017Assets 2018: $185,426Liabilities 2018: $886,976Net Assets 2018: -$701,5502018Assets 2019: $183,435Liabilities 2019: $1,141,936Net Assets 2019: -$958,5012019Assets 2020: $187,543Liabilities 2020: $1,155,768Net Assets 2020: -$968,2252020Assets 2021: $335,201Liabilities 2021: $1,311,100Net Assets 2021: -$975,8992021Assets 2022: $343,643Liabilities 2022: $1,325,028Net Assets 2022: -$981,3852022Assets 2023: $348,625Liabilities 2023: $1,340,827Net Assets 2023: -$992,2022023Assets 2024: $349,031Liabilities 2024: $1,348,827Net Assets 2024: -$999,7962024

Highlighted filing

2011

Assets$147,746
Liabilities$260,778
Net Assets-$113,032
Open 2011 Filing

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,183,6542010Expenses 2011: $1,434,3962011Revenue 2011: $1,257,704Expenses 2011: $1,434,396Net Income 2011: -$176,6922011Expenses 2012: $1,995,4142012Revenue 2013: $3,264,240Expenses 2013: $2,493,056Net Income 2013: $771,1842013Revenue 2014: $2,155,056Expenses 2014: $2,139,176Net Income 2014: $15,8802014Revenue 2015: $1,390,678Expenses 2015: $1,960,228Net Income 2015: -$569,5502015Revenue 2016: -$34,074Expenses 2016: $300,671Net Income 2016: -$334,7452016Revenue 2017: $0Expenses 2017: $302,108Net Income 2017: -$302,1082017Revenue 2018: $0Expenses 2018: $5,274Net Income 2018: -$5,2742018Revenue 2019: $0Expenses 2019: $256,951Net Income 2019: -$256,9512019Revenue 2020: $0Expenses 2020: $9,724Net Income 2020: -$9,7242020Revenue 2021: $0Expenses 2021: $7,674Net Income 2021: -$7,6742021Revenue 2022: $0Expenses 2022: $5,486Net Income 2022: -$5,4862022Revenue 2023: $0Expenses 2023: $10,817Net Income 2023: -$10,8172023Revenue 2024: $0Expenses 2024: $7,594Net Income 2024: -$7,5942024

Highlighted filing

2011

Revenue-
Expenses$1,434,396
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Nov 13, 2012
Return Version
2011v1.2
Gross Receipts
$1,266,535
Mission and Program Overview

Mission

To operate exclusively for charitable and educational purposes by establishing, maintaining and operating academies devoted to teaching business and entrepreneurial skills to students with the intent of training, mentoring and supporting aspiring entrepreneurs in the creation, development, and ongoing management of successful business ventures with a nexus to detroit, michigan or cleveland, ohio.

Filing and Contact Details

Filer

EIN
20-4775521
Raw XML AppendixShowing 400 of 529 raw XML fields

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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0ONCE ACCEPTED INTO THE PROGRAM, ALL STUDENTS RECEIVE EQUAL GRANTS OR ASSISTANCE.
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IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson1DAN IZZO
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg021920
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg124499
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg0188743
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg1166362
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs10
IRS990ScheduleJ/InitialContractException00
IRS990/ScheduleJRequired01
IRS990ScheduleJ/SeverancePayment00
IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction0995759
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0CONTRIBUTION REVENUE
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson0QUICKEN LOANS INC
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0OWNERSHIP BY INTERESTED PARTIES
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues00
IRS990ScheduleO/GeneralExplanation/Explanation0BIZDOM U (THE "ACADEMY") OPERATES EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES BY ESTABLISHING, MAINTAINING, AND OPERATING AN ACADEMY DEVOTED TO TEACHING BUSINESS AND ENTREPRENEURIAL SKILLS TO STUDENTS WITH THE INTENT OF TRAINING, MENTORING, AND SUPPORTING ASPIRING ENTREPRENEURS IN THE CREATION, DEVELOPMENT, AND ONGOING MANAGEMENT OF SUCCESSFUL BUSINESS VENTURES THAT WILL BE HEADQUARTERED IN DETROIT, MICHIGAN OR CLEVELAND, OHIO. THE ACADEMY INSTRUCTS INDIVIDUALS ON SUBJECTS USEFUL TO THE INDIVIDUAL AND BENEFICIAL TO THE COMMUNITY AND TRAINS STUDENTS FOR THE PURPOSE OF IMPROVING AND DEVELOPING THEIR BUSINESS AND ENTREPRENEURIAL CAPABILITIES. THE ACADEMY ADMITTED ITS FIRST CLASS OF STUDENTS IN DETROIT, MICHIGAN DURING JANUARY 2007 AND ADMITTED ITS FIRST CLASS OF STUDENTS IN CLEVELAND, OHIO DURING OCTOBER 2011. THE ACADEMY MAINTAINS A REGULARLY SCHEDULED CURRICULUM, A REGULAR FACULTY, AND A REGULARLY ENROLLED STUDENT BODY IN ATTENDANCE AT A FACILITY IN DETROIT, MICHIGAN AND A FACILITY IN CLEVELAND OHIO WHERE THE EDUCATIONAL ACTIVITIES ARE REGULARLY CARRIED ON. DURING THE FIVE YEARS SINCE ITS INCEPTION, THE ACADEMY HAS EVOLVED FROM A CLASSROOM INTENSIVE CURRICULUM TO A MORE SUCCESSFUL LEARNING BY DOING, DISCERE FACIENDO, APPROACH. THE ACADEMY CONDUCTS ITS PROGRAM, AN ENTREPRENEURSHIP ACCELERATOR, FOUR TIMES A YEAR IN EACH CITY. PARTICIPANTS IN THE INTENSIVE THREE MONTH, FULL-TIME PROGRAM LAUNCH A BUSINESS AND RECEIVE ONGOING TRAINING, CONSULTING, AND MENTORING FROM THE ACADEMY REGARDING HIS OR HER BUSINESS VENTURE. AS A PART OF THE PROGRAM, THE ACADEMY HELPS EACH STUDENT REFINE HIS OR HER BUSINESS IDEA, DETERMINE AN APPROPRIATE BUSINESS MODEL, AND REVISE SUCH BUSINESS MODEL AS NECESSARY, WITH THE ULTIMATE GOAL OF HELPING HIM OR HER CREATE A VIABLE GROWTH-ORIENTED BUSINESS. THE ACADEMY HAS HIRED FACULTY, KNOWN AS TRAINERS, WITH EXPERTISE IN PARTICULAR AREAS OF PLANNING, MARKETING, PROJECT MANAGEMENT, SALES, FINANCE, AND OTHER AREAS OF BUSINESS. THE ACADEMY USES MANY OUTSIDE EXPERTS FOR SPECIFIC TOPICS AND FOR GUEST SPEAKING OPPORTUNITIES. THE ACADEMY HAS GRADUATED 135 STUDENTS AND PLANS TO CONDUCT ITS NEXT SESSION WITH UP TO 15 STUDENTS IN DETROIT AND UP TO 15 STUDENTS IN CLEVELAND BEGINNING IN JANUARY 2013. THE ACADEMY SELECTS CANDIDATES WHO HAVE A POTENTIAL BUSINESS OPPORTUNITY OR IDEA, ARE MOTIVATED TO CREATE INNOVATIVE WEB AND TECH-BASED GROWTH ORIENTED STARTUPS, ARE AT LEAST 18 YEARS OLD, HAVE A MINIMUM OF A HIGH SCHOOL DIPLOMA OR GED, HAVE NEVER STARTED A SIMILAR SUCCESSFUL BUSINESS, AND HAVE NEVER RAISED SIGNIFICANT CAPITAL (OUTSIDE OF FAMILY OR FRIENDS) TO START A SIMILAR BUSINESS. THE ACADEMY FOLLOWS AN ADMISSION PROCESS AND SELECTS CANDIDATES BASED ON SEVERAL FACTORS, INCLUDING BUT NOT LIMITED TO: (A) PRIOR ACADEMIC PERFORMANCE, (B) PRIOR LEADERSHIP EXPERIENCE, (C) RELEVANT SKILLSETS AND INDUSTRY EXPERIENCE, (D) TESTING CONDUCTED BY THE ACADEMY IN SUBSTANTIVE AREAS SUCH AS PRESENTATION SKILLS, (E) KNOWLEDGE OF BASIC BUSINESS ISSUES, (F) BACKGROUND CHECKS AND REFERENCE CHECKS, (G) INTERVIEWS WITH CANDIDATES THEMSELVES, AND (H) THE CANDIDATE'S INTEREST IN ENTREPRENEURSHIP.
IRS990ScheduleO/GeneralExplanation/Explanation1THE FOLLOWING BOARD MEMBERS HAVE BUSINESS RELATIONSHIPS: DAN GILBERT AND DAVID CARROLL DAN GILBERT AND JOSH LINKNER DAN GILBERT AND MATT CULLEN
IRS990ScheduleO/GeneralExplanation/Explanation2BIZDOM U DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/GeneralExplanation/Explanation3THE EXECUTIVE DIRECTOR REVIEWS THE FORM 990 BEFORE IT IS SIGNED AND SUBMITTED.
IRS990ScheduleO/GeneralExplanation/Explanation4OUR POLICY REQUIRES THAT VOTING MEMBERS HAVE A DUTY TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. ALL BOARD MEMBERS ARE COVERED UNDER THE POLICY AND THE DETERMINATION IS MADE ANNUALLY THROUGH OUR SOLICITATION OF A FORM REQUIRING CONSENT.
IRS990ScheduleO/GeneralExplanation/Explanation5COMPENSATION IS DETERMINED VIA A CONSENT SIGNED BY THE MAJORITY OF THE BOARD OF DIRECTORS EXCLUDING THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/GeneralExplanation/Explanation6BIZDOM U'S GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST BY MAIL OR ELECTRONICALLY.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN PROGRAM SERVICES
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART III, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 15

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$147,746
Liabilities
$260,778
Net assets
-$113,032
Revenue
-
Expenses
$1,434,396
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$1.35$1.00$0.00$0.01$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.35$1.34$0.99$0.00$0.01$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.34$1.33$0.98$0.00$0.01$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.34$1.31$0.98$0.00$0.01$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.19$1.16$0.97$0.00$0.01$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.18$1.14$0.96$0.00$0.26$0.26
2018Detailed filing. Detailed filing data is available for this year.$0.19$0.89$0.70$0.00$0.01$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.19$0.89$0.70$0.00$0.30$0.30
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.59$0.39$0.03$0.30$0.33
2015Detailed filing. Detailed filing data is available for this year.$0.65$0.70$0.06$1.39$1.96$0.57
2014Detailed filing. Detailed filing data is available for this year.$0.72$0.21$0.51$2.16$2.14$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.55$1.06$0.49$3.26$2.49$0.77
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.74$0.28$2.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.26$0.11$1.43
2011Summary only. Only limited summary data is available for this year.$0.15$0.26$0.11$1.26$1.43$0.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.19$0.06$1.18