Civic Intelligence

Michigan State University Foundation

990 • Fiscal year 2021 • EIN 23-7326030

Jul 01, 2020 to Jun 30, 2021 • Filed on May 15, 2022

325 E Grand River Ave No 275East Lansing, MI 48823

(517) 353-9268

Siviq Scores

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

Liabilities / Assets

21st percentile

0.07x

Higher debt load relative to assets than 21% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Liabilities / Revenue

60th percentile

0.66x

Higher debt load relative to revenue than 60% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Net Margin

94th percentile

65%

Higher net margin than 94% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Top Officer Pay

26th percentile

$436,099

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Asset Growth

88th percentile

31%

Faster asset growth than 88% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Revenue Growth

97th percentile

234%

Faster revenue growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Assets

Up

$535,425,307

Up $128,225,916 (+31%) from 2020

Net Assets

Up

$498,412,684

Up $118,498,332 (+31%) from 2020

Liabilities

Up

$37,012,623

Up $9,727,584 (+36%) from 2020

Revenue

Up

$55,850,938

Up $39,130,039 (+234%) from 2020

Expenses

Down

$19,515,895

Down $4,683,914 (-19%) from 2020

Net Income

Up

$36,335,043

Up $43,813,953 (+586%) from 2020

Historical Trend

Balance Sheet Trend

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

$800M$600M$400M$200M$0Assets 2011: $387,139,714Liabilities 2011: $27,205,321Net Assets 2011: $359,934,3932011Assets 2012: $375,444,871Liabilities 2012: $33,329,625Net Assets 2012: $342,115,2462012Assets 2013: $390,578,185Liabilities 2013: $33,580,794Net Assets 2013: $356,997,3912013Assets 2014: $428,847,418Liabilities 2014: $38,936,485Net Assets 2014: $389,910,9332014Assets 2015: $420,586,699Liabilities 2015: $36,657,400Net Assets 2015: $383,929,2992015Assets 2016: $388,899,118Liabilities 2016: $32,205,002Net Assets 2016: $356,694,1162016Assets 2017: $427,055,251Liabilities 2017: $34,811,154Net Assets 2017: $392,244,0972017Assets 2018: $420,884,981Liabilities 2018: $32,321,621Net Assets 2018: $388,563,3602018Assets 2019: $419,833,206Liabilities 2019: $28,193,901Net Assets 2019: $391,639,3052019Assets 2020: $407,199,391Liabilities 2020: $27,285,039Net Assets 2020: $379,914,3522020Assets 2021: $535,425,307Liabilities 2021: $37,012,623Net Assets 2021: $498,412,6842021Assets 2022: $547,375,250Liabilities 2022: $71,408,072Net Assets 2022: $475,967,1782022Assets 2023: $600,365,725Liabilities 2023: $79,445,791Net Assets 2023: $520,919,9342023Assets 2024: $655,014,665Liabilities 2024: $79,645,557Net Assets 2024: $575,369,1082024

Highlighted filing

2021

Assets$535,425,307
Liabilities$37,012,623
Net Assets$498,412,684

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2011: $16,403,9632011Expenses 2012: $20,533,3662012Expenses 2013: $21,847,6712013Revenue 2014: $15,597,259Expenses 2014: $21,248,103Net Income 2014: -$5,650,8442014Revenue 2015: $29,508,064Expenses 2015: $23,565,849Net Income 2015: $5,942,2152015Revenue 2016: $28,754,405Expenses 2016: $21,278,118Net Income 2016: $7,476,2872016Revenue 2017: $17,353,453Expenses 2017: $19,699,435Net Income 2017: -$2,345,9822017Revenue 2018: $31,660,320Expenses 2018: $44,407,805Net Income 2018: -$12,747,4852018Revenue 2019: $39,012,217Expenses 2019: $21,648,384Net Income 2019: $17,363,8332019Revenue 2020: $16,720,899Expenses 2020: $24,199,809Net Income 2020: -$7,478,9102020Revenue 2021: $55,850,938Expenses 2021: $19,515,895Net Income 2021: $36,335,0432021Revenue 2022: $51,499,585Expenses 2022: $23,721,227Net Income 2022: $27,778,3582022Revenue 2023: $35,711,061Expenses 2023: $29,167,774Net Income 2023: $6,543,2872023Revenue 2024: $31,661,100Expenses 2024: $25,784,029Net Income 2024: $5,877,0712024

Highlighted filing

2021

Revenue$55,850,938
Expenses$19,515,895
Net Income$36,335,043
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 15, 2022
Return Version
2020v4.2
Gross Receipts
$202,227,431
Mission and Program Overview

Mission

To provide support for the board of trustees of michigan state university and to promote, sponsor, assist, and carry out educational, scientific, charitable and related activities and objectives of michigan state university.

To provide support for the board of trustees of michigan state university (continued in schedule o) and to promote, sponsor, assist, and carry out educational, scientifis, charitable and related activities and objectives of michigan state university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$193,066,416$278,012,038▲ $84,945,622
Investments in Publicly Traded Securities$175,982,467$191,928,835▲ $15,946,368
Savings and Temporary Cash Investments$15,080,493$21,985,143▲ $6,904,650
Land, Buildings, and Equipment, Net$1,742,635$9,511,758▲ $7,769,123
Investments Program Related-$5,508,554-
Other Notes and Loans Receivable, Net$1,033,067$3,082,835▲ $2,049,768
Accounts Receivable$3,291,219$2,626,980▼ $664,239
Cash and Non-Interest-Bearing Accounts$1,184,589$1,205,041▲ $20,452
Prepaid Expenses and Deferred Charges$50,641$55,181▲ $4,540
Total Assets$407,199,391$535,425,307▲ $128,225,916
Other Assets Total$15,767,864$21,508,942▲ $5,741,078
Liabilities
Deferred Revenue$17,856,420$19,883,743▲ $2,027,323
Other Liabilities$7,354,786$8,124,033▲ $769,247
Mortgage Notes Payable Secured by Investment Property$0$6,047,524▲ $6,047,524
Accounts Payable and Accrued Expenses$2,073,833$2,957,323▲ $883,490
Total Liabilities$27,285,039$37,012,623▲ $9,727,584
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$343,581,972$457,180,437▲ $113,598,465
Net Assets With Donor Restrictions$36,332,380$41,232,247▲ $4,899,867
Total Net Assets Fund Balance$379,914,352$498,412,684▲ $118,498,332
Total Liabilities and Net Assets / Fund Balance$407,199,391$535,425,307▲ $128,225,916

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,067,127-$2,067,127
Equipment$15,770$21,160$36,930
Leasehold Improvements$17,336$7,492$24,828
Land$7,411,525--
Other Securities$126,929,688--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David WashburnExecutive DirectorFT$317,672$118,427$436,099
Traci CannonFmr Special Projects (thru 6/2020)-$92,560$257,021$349,581
Jeffrey WesleyExecutive DirectorFT$236,900$79,384$316,284
Frank UrbanDirector of Venture CreationFT$127,108$55,608$182,716
Bradley FinglandDirector of Venture CreationFT$126,692$43,369$170,061
Prem BodagalaDirector of Red Cedar VenturesFT$124,708$40,036$164,744
Rebekah SkrzyniarzDirector of FinanceFT$115,192$45,942$161,134

Board Members and Trustees

NameTitle
Randolph CowenChairman
Melissa WooPresident
Scott EstonVice Chairman
Douglas GageDirector
Janice StippDirector
Jeffrey DegraafDirector
Joel WittenbergDirector
Jon BraeutigamDirector
Linda HubbardDirector
Melanie FosterDirector
Patricia Hemingway HallDirector
Samuel L Stanley Jr MdDirector
Stan SokolowskiDirector
William SeifertDirector
PAT O'KEEFEDirector (beg 2/2021)
Teresa WoodruffDirector (beg 8/2020)
Kermitt BrooksDirector (beg 9/2020)
Dianne ByrumDirector (thru 2/2021)
Steve HsuDirector (thru 7/2020)
Teresa SullivanDirector (thru 9/2020)
John PhillipsSecretary
Bruce LeechTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cambridge Associates LLCConsulting ServicesPO BOX 83232, Chicago, IL 60691-0232$453,577
Grant Thornton LLPAccounting Services171 N CLARK ST SUITE 200, Chicago, IL 60601$101,200
Revenue and Support

Revenue Composition

Contributions and Grants
$3,897,622
Program Service Revenue
$359,800
Investment Income
$49,675,807
Other Revenue
$1,917,709
All Other Contributions
$661,611
Change in Net Assets
$36,335,043
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$12,203,569
Other Expenses$4,574,657
Salaries, Compensation, and Employee Benefits$2,737,669
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$12,203,569--$12,203,569
Fees for Service Investment Mgmnt Fees$33,496$3,286,567-$3,320,063
Other Salaries and Wages$1,198,073$133,119-$1,331,192
Current Officers, Directors, Trustees, and Key Employees$823,098$205,774-$1,028,872
Fees for Services Accounting$177,151$176,673-$353,824
Other Employee Benefits$197,634$21,959-$219,593
Occupancy$34,466$103,398-$137,864
Insurance-$102,453-$102,453
Pension Plan Contributions$87,907$9,767-$97,674
Office Expenses$21,619$64,856-$86,475
Advertising$41,465$35,209-$76,674
Payroll Taxes$54,304$6,034-$60,338
Information Technology$11,448$34,345-$45,793
Fees for Services Legal$8,558$22,984-$31,542
Fees for Services Other$10,079$10,080-$20,159
Depreciation Depletion-$12,242-$12,242
Other Expenses$1,034$3,102-$4,136
Conferences and Meetings$749$2,246-$2,995
Travel$373$1,119-$1,492
All Other Expenses-$1,239-$1,239
Total Functional Expenses$15,183,042$4,332,853$0$19,515,895
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Michigan State University Board of TrusteesEast Lansing, MI115Support University$12,203,569
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$6,344,747
Due to Related Entities$1,347,655
Life Estate Agreement Obligations$431,631
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1

Delegation of authority according to the organization's by-laws, a six-member executive committee, consisting of the chairperson of the board, the vice chairperson, the president, the secretary, the treasurer, and executive director to achieve a membership of six. During the intervals between meetings of the board, the executive committee shall have and may exercise on behalf of the board all of the authority of the board in respect to the management of the foundation. The executive committee shall oversee budgetary and fiscal policy and make recommendations to the board regarding the general fiscal policy of the foundation. The executive committee shall report its acts to the board at the next regularly scheduled meeting of the board.

Form 990, Part VI, Section A, Line 2

Business relationships certain listed officers and board members also serve as officers and board members of a related entity.

Form 990, Part VI, Section B, Line 11B

Organization's process to review form 990 the form 990 was prepared by a national independent accounting firm in conjunction with the organization's internal finance department. A draft of the return is reviewed by the director of finance, executive director, and internal accounting personnel. Following the review and approval the form 990 was provided to each of the other voting members of the board of directors prior to the filing.

Form 990, Part VI, Section B, Line 12C

Enforcement of conflicts policy: conflict of interest statement is signed by each board member at the start of each new calendar year. If the board member is not able to sign or if they disclose that there is a conflict, this is discussed with the governing board.

Form 990, Part VI, Section B, Line 15

Compensation process for top official upon hiring the executive director, the foundation utilizes independent consultants and the foundation's compensation committee to prepare a written offer of employment letter. In addition, compensation of the executive director is reviewed by the compensation committee each year and compensation is adjusted accordingly. Compensation process for officers compensation of the foundation's management team and remaining staff is reviewed and approved as a salary line item by the board of directors during the annual (june) budgeting process and is documented in the board meeting minutes. Annually, salaries are reviewed by the executive director and chief financial officer with local and national comparatives to job descriptions found on the internet and within the msu structure.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Michigan State University Foundation
EIN
23-7326030
Phone
5173539268
Address
325 E GRAND RIVER AVE NO 275, EAST LANSING, MI 48823

Signing Officer

Name
David Washburn
Title
Executive Director
Phone
5173539268
Signed
2022-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Washburn
Formed
1973
Legal Domicile
Mi
Voting Board Members
20
Independent Board Members
19
Employees
25
Volunteers
21

Preparer

Firm
Grant Thornton Llp
Address
171 N CLARK ST SUITE 200, CHICAGO, IL 60601
Preparer
Bridget T Roche
Phone
3128560200
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 6:

The number of volunteers is the total for msu foundation and spartan innovations.

Form 990, Part III, Line 2

Michigan rise pre-seed fund iii, llc was added during the year and provides early stage financing for companies in the state of michigan.

FORM 990, PART XI, LINE 9:

Capital contribution - spartan innovations 653,500. Capital contribution - investment holdings 1,550,000. Capital contribution - mi rise 3,556,875. Gain/loss in subsidiary -1,322,973. Satisfaction of program restrictions -1,651,005.

Financial Statement Notes

PART X, LINE 2:

Fin 48 footnote the foundation is exempt from federal income taxes under the internal revenue code (code) section 501(c)(3), and is also not a private foundation under the meaning of the code, section 509(a)(1). However, income from certain activities not directly related to the foundation's tax-exempt purpose is subject to taxation as unrelated business income. The foundation recorded federal and state unrelated business income tax expense in the amount of $78,156 and $48,856 during fiscal years 2021 and 2020, respectively. Spartan innovations is a low-profit, limited liability company and is treated as a disregarded entity (an entity that is not recognized as an entity separate from its owner, the foundation) for income tax purposes. Investment holdings llc and red cedar ventures are for-profit limited liability companies and are treated as disregarded entities for income tax purposes. The organization records interest and penalties related to tax positions as interest expense or other expenses, respectively, in the consolidated statements of activities and changes in net assets. There were no material interest and penalties.

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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd22X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
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IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt525856
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt631780
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt270
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt280
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID WASHBURN
IRS990/Form990PartVIISectionAGrp/PersonNm1TRACI CANNON
IRS990/Form990PartVIISectionAGrp/PersonNm2JEFFREY WESLEY
IRS990/Form990PartVIISectionAGrp/PersonNm3FRANK URBAN
IRS990/Form990PartVIISectionAGrp/PersonNm4BRADLEY FINGLAND
IRS990/Form990PartVIISectionAGrp/PersonNm5PREM BODAGALA
IRS990/Form990PartVIISectionAGrp/PersonNm6REBEKAH SKRZYNIARZ
IRS990/Form990PartVIISectionAGrp/PersonNm7MELISSA WOO
IRS990/Form990PartVIISectionAGrp/PersonNm8RANDOLPH COWEN
IRS990/Form990PartVIISectionAGrp/PersonNm9SCOTT ESTON
IRS990/Form990PartVIISectionAGrp/PersonNm10JOHN PHILLIPS
IRS990/Form990PartVIISectionAGrp/PersonNm11BRUCE LEECH
IRS990/Form990PartVIISectionAGrp/PersonNm12JON BRAEUTIGAM
IRS990/Form990PartVIISectionAGrp/PersonNm13KERMITT BROOKS
IRS990/Form990PartVIISectionAGrp/PersonNm14DIANNE BYRUM
IRS990/Form990PartVIISectionAGrp/PersonNm15JEFFREY DEGRAAF
IRS990/Form990PartVIISectionAGrp/PersonNm16MELANIE FOSTER
IRS990/Form990PartVIISectionAGrp/PersonNm17DOUGLAS GAGE
IRS990/Form990PartVIISectionAGrp/PersonNm18PATRICIA HEMINGWAY HALL
IRS990/Form990PartVIISectionAGrp/PersonNm19STEVE HSU
IRS990/Form990PartVIISectionAGrp/PersonNm20LINDA HUBBARD
IRS990/Form990PartVIISectionAGrp/PersonNm21PAT O'KEEFE
IRS990/Form990PartVIISectionAGrp/PersonNm22WILLIAM SEIFERT
IRS990/Form990PartVIISectionAGrp/PersonNm23STAN SOKOLOWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm24SAMUEL L STANLEY JR MD
IRS990/Form990PartVIISectionAGrp/PersonNm25JANICE STIPP
IRS990/Form990PartVIISectionAGrp/PersonNm26TERESA SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm27JOEL WITTENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm28TERESA WOODRUFF
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0381744
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1327955
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2265557
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3141368
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4140872
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5138888
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1FMR SPECIAL PROJECTS (THRU 6/2020)
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR OF VENTURE CREATION
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR OF VENTURE CREATION
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR OF RED CEDAR VENTURES
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR (BEG 9/2020)
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR (THRU 2/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR (THRU 7/2020)
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR (BEG 2/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR (THRU 9/2020)
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR (BEG 8/2020)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01973
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt046703954
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GovernmentGrantsAmt03236011
IRS990/GrantAmt012203569
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt012203569
IRS990/GrantsToDomesticOrgsGrp/TotalAmt012203569
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0193080447
IRS990/GrossReceiptsAmt0202227431
IRS990/GroupExemptionNum05167
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt034345
IRS990/InformationTechnologyGrp/ProgramServicesAmt011448
IRS990/InformationTechnologyGrp/TotalAmt045793
IRS990/InsuranceGrp/ManagementAndGeneralAmt0102453
IRS990/InsuranceGrp/TotalAmt0102453
IRS990/InvestmentIncomeGrp/ExclusionAmt02798865
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02971853
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0172988
IRS990/InvestmentInJointVentureInd00
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0278012038
IRS990/InvestmentsProgramRelatedGrp/EOYAmt05508554
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0175982467
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IRS990/IRPDocumentCnt041
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt028652
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt09511758
IRS990/LandBldgEquipCostOrOtherBssAmt09540410
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0146376493
IRS990/LoanOutstandingInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$655$79.6$575$31.7$25.8$5.88
2023Detailed filing. Detailed filing data is available for this year.$600$79.4$521$35.7$29.2$6.54
2022Detailed filing. Detailed filing data is available for this year.$547$71.4$476$51.5$23.7$27.8
2021Detailed filing. Detailed filing data is available for this year.$535$37.0$498$55.9$19.5$36.3
2020Detailed filing. Detailed filing data is available for this year.$407$27.3$380$16.7$24.2$7.48
2019Detailed filing. Detailed filing data is available for this year.$420$28.2$392$39.0$21.6$17.4
2018Detailed filing. Detailed filing data is available for this year.$421$32.3$389$31.7$44.4$12.7
2017Detailed filing. Detailed filing data is available for this year.$427$34.8$392$17.4$19.7$2.35
2016Detailed filing. Detailed filing data is available for this year.$389$32.2$357$28.8$21.3$7.48
2015Detailed filing. Detailed filing data is available for this year.$421$36.7$384$29.5$23.6$5.94
2014Detailed filing. Detailed filing data is available for this year.$429$38.9$390$15.6$21.2$5.65
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$391$33.6$357$21.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$375$33.3$342$20.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$387$27.2$360$16.4