Civic Intelligence

Flint and Genesee Chamber Foundation

990 • Fiscal year 2017 • EIN 23-7420247

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 24, 2018

519 S Saginaw Street Rm/Ste 200Flint, MI 48502

(810) 600-1404

Siviq Scores

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

Liabilities / Assets

70th percentile

0.30x

Higher debt load relative to assets than 70% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

71st percentile

0.32x

Higher debt load relative to revenue than 71% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

48th percentile

2.3%

Higher net margin than 48% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

94th percentile

$293,686

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 29.5% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

37th percentile

-0.3%

Faster asset growth than 37% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

7th percentile

-38%

Faster revenue growth than 7% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,078,625

Down $3,591 (-0.3%) from 2016

Net Assets

Up

$757,117

Up $22,450 (+3.1%) from 2016

Liabilities

Down

$321,508

Down $26,041 (-7.5%) from 2016

Revenue

Down

$996,921

Down $601,678 (-38%) from 2016

Expenses

Down

$974,471

Down $176,772 (-15%) from 2016

Net Income

Down

$22,450

Down $424,906 (-95%) from 2016

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $874,413Liabilities 2010: $54,061Net Assets 2010: $820,3522010Assets 2011: $879,120Liabilities 2011: $10,435Net Assets 2011: $868,6852011Assets 2012: $798,106Liabilities 2012: $51,675Net Assets 2012: $746,4312012Assets 2013: $451,650Liabilities 2013: $66,204Net Assets 2013: $385,4462013Assets 2014: $411,402Liabilities 2014: $68,573Net Assets 2014: $342,8292014Assets 2015: $287,658Liabilities 2015: $347Net Assets 2015: $287,3112015Assets 2016: $1,082,216Liabilities 2016: $347,549Net Assets 2016: $734,6672016Assets 2017: $1,078,625Liabilities 2017: $321,508Net Assets 2017: $757,1172017Assets 2018: $527,642Liabilities 2018: $54,278Net Assets 2018: $473,3642018Assets 2019: $778,615Liabilities 2019: $102,227Net Assets 2019: $676,3882019Assets 2020: $858,031Liabilities 2020: $91,428Net Assets 2020: $766,6032020Assets 2021: $674,613Liabilities 2021: $57,748Net Assets 2021: $616,8652021Assets 2022: $1,803,750Liabilities 2022: $342,278Net Assets 2022: $1,461,4722022Assets 2023: $3,395,800Liabilities 2023: $303,324Net Assets 2023: $3,092,4762023Assets 2024: $141,985,253Liabilities 2024: $96,841,015Net Assets 2024: $45,144,2382024

Highlighted filing

2017

Assets$1,078,625
Liabilities$321,508
Net Assets$757,117

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $197,4942010Expenses 2011: $239,9562011Expenses 2012: $362,7472012Revenue 2013: $254,468Expenses 2013: $615,453Net Income 2013: -$360,9852013Revenue 2014: $327,705Expenses 2014: $370,322Net Income 2014: -$42,6172014Revenue 2015: $155,223Expenses 2015: $210,741Net Income 2015: -$55,5182015Revenue 2016: $1,598,599Expenses 2016: $1,151,243Net Income 2016: $447,3562016Revenue 2017: $996,921Expenses 2017: $974,471Net Income 2017: $22,4502017Revenue 2018: $392,216Expenses 2018: $673,187Net Income 2018: -$280,9712018Revenue 2019: $888,184Expenses 2019: $686,598Net Income 2019: $201,5862019Revenue 2020: $10,604,630Expenses 2020: $10,516,004Net Income 2020: $88,6262020Revenue 2021: $5,341,436Expenses 2021: $5,491,174Net Income 2021: -$149,7382021Revenue 2022: $2,108,329Expenses 2022: $1,280,028Net Income 2022: $828,3012022Revenue 2023: $3,532,036Expenses 2023: $1,905,658Net Income 2023: $1,626,3782023Revenue 2024: $58,862,655Expenses 2024: $16,813,026Net Income 2024: $42,049,6292024

Highlighted filing

2017

Revenue$996,921
Expenses$974,471
Net Income$22,450
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 24, 2018
Return Version
2017v2.3
Gross Receipts
$996,921
Mission and Program Overview

Mission

The genesee chamber foundation's purpose is to receive and administer funds for educational, scientific and charitable purposes and for public welfare of genesee county, michigan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$916,473$791,281▼ $125,192
Accounts Receivable$136,036$255,174▲ $119,138
Cash and Non-Interest-Bearing Accounts$15,410$15,632▲ $222
Total Assets$1,082,216$1,078,625▼ $3,591
Other Assets Total$14,297$16,538▲ $2,241
Liabilities
Accounts Payable and Accrued Expenses$347,549$321,508▼ $26,041
Total Liabilities$347,549$321,508▼ $26,041
Net Assets / Fund Balance
Temporarily Rstr Net Assets$699,938$727,776▲ $27,838
Unrestricted Net Assets$34,729$29,341▼ $5,388
Total Net Assets Fund Balance$734,667$757,117▲ $22,450
Total Liabilities and Net Assets / Fund Balance$1,082,216$1,078,625▼ $3,591
Compensation and Service Providers

Employees

NameTitleOtherTotal
Timothy HermanExecutive Di$293,686$293,686
Lenora ReyesVP of Financ$111,075$111,075

Board Members and Trustees

NameTitle
Steve LandaalPresident
Beverly Walker-griffeaDirector
Timothy HermanExecutive Director
Clarence PierceSecretary
Tom ShadeTreasurer
Jane WorthingVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$996,151
Program Service Revenue
$0
Investment Income
$770
Other Revenue
$0
All Other Contributions
$929,151
Change in Net Assets
$22,450

Audited Revenue Reconciliation

Revenue per Audited Statements
$996,921
Total Revenue per Audited Statements
$996,921
Total Revenue per Form 990
$996,921
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$974,471
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$256,081--$256,081
Advertising$181,381--$181,381
Office Expenses$13,583$209-$13,792
Other Expenses$5,262--$5,262
Travel$1,403--$1,403
Fees for Services Accounting-$740-$740
All Other Expenses-$650-$650
Total Functional Expenses$972,872$1,599$0$974,471

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$974,471
Total Expenses per Audited Statements$974,471
Total Expenses per Form 990$974,471
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 is reviewed by the vp of finance and then is provided to all board members for their review prior to filing with the irs.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request and also on web sites such as charity navigator and guidestar.

Filing and Contact Details

Filer

Filer Name
Flint and Genesee Chamber
EIN
23-7420247
Phone
8106001404
Address
519 S SAGINAW STREET RM/STE 200, FLINT, MI 48502

Signing Officer

Name
Timothy Herman
Title
Executive Director
Phone
8106001404
Signed
2018-08-24

Organization Details

Principal Officer
Timothy Herman
Formed
1974
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
63

Preparer

Firm
Yeo & Yeo Pc
Address
4468 OAK BRIDGE DR, FLINT, MI 48532-5422
Preparer
Jennifer Watkins
Phone
8107323000
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Job creation, grocery improvement, cta, regional leadership study, avenues to success, water for schools, and flint publication

Form 990, Part IX, Line 11G

Grocery improvement 129,906 0 0 summer youth initiative 90,994 0 0 regional leadership study 25,694 0 0 career edge 9,487 0 0 total 256,081 0 0

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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0974471
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0269686
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt024000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TIMOTHY HERMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0293686
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOB CREATION, GROCERY IMPROVEMENT, CTA, REGIONAL LEADERSHIP STUDY, AVENUES TO SUCCESS, WATER FOR SCHOOLS, AND FLINT PUBLICATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS REVIEWED BY THE VP OF FINANCE AND THEN IS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON REQUEST AND ALSO ON WEB SITES SUCH AS CHARITY NAVIGATOR AND GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GROCERY IMPROVEMENT 129,906 0 0 SUMMER YOUTH INITIATIVE 90,994 0 0 REGIONAL LEADERSHIP STUDY 25,694 0 0 CAREER EDGE 9,487 0 0 TOTAL 256,081 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FLINT & GENESEE CHAMBER OF COMMERCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0203904349
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt06
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ECON DEV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt012A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0519 SOUTH SAGINAW STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine2Txt0SUITE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FLINT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd048502
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt043332
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0DOLLAR AMOUNT OF TRANS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0FLINT & GENESEE CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine2Txt0FLINT & GENESEE CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0P
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0699938
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0727776
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01082216
IRS990/TotalAssetsEOYAmt01078625
IRS990/TotalAssetsGrp/BOYAmt01082216
IRS990/TotalAssetsGrp/EOYAmt01078625
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0996151
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01599
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0972872
IRS990/TotalFunctionalExpensesGrp/TotalAmt0974471
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0347549
IRS990/TotalLiabilitiesEOYAmt0321508
IRS990/TotalLiabilitiesGrp/BOYAmt0347549
IRS990/TotalLiabilitiesGrp/EOYAmt0321508
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0734667
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0757117
IRS990/TotalOtherCompensationAmt024966
IRS990/TotalOtherProgSrvcExpenseAmt0467200
IRS990/TotalProgramServiceExpensesAmt0972872
IRS990/TotalRevenueGrp/ExclusionAmt0770
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0996921
IRS990/TotalVolunteersCnt063
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01082216
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01078625
IRS990/TotReportableCompRltdOrgAmt0379795
IRS990/TravelGrp/ProgramServicesAmt01403
IRS990/TravelGrp/TotalAmt01403
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt034729
IRS990/UnrestrictedNetAssetsGrp/EOYAmt029341
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0519 SOUTH SAGINAW STREET SUITE 200
IRS990/USAddress/AddressLine2Txt0519 SOUTH SAGINAW STREET SUITE 200
IRS990/USAddress/CityNm0FLINT
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048502
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FLINTANDGENESEE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY HERMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08106001404
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FLINT AND GENESEE CHAMBER
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FLIN
ReturnHeader/Filer/EIN0237420247
ReturnHeader/Filer/PhoneNum08106001404
ReturnHeader/Filer/USAddress/AddressLine1Txt0519 S SAGINAW STREET RM/STE 200
ReturnHeader/Filer/USAddress/CityNm0FLINT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048502
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId07662FD28049856B274F169DBF58B3822F34C4145
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CE3262157152E23DA036F2423972E50F8D64B256
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.34.166.252
ReturnHeader/FilingSecurityInformation/IPDt02018-10-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm012:06:56
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382706146
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0YEO & YEO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04468 OAK BRIDGE DR

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$142$96.8$45.1$58.9$16.8$42.0
2023Detailed filing. Detailed filing data is available for this year.$3.40$0.30$3.09$3.53$1.91$1.63
2022Detailed filing. Detailed filing data is available for this year.$1.80$0.34$1.46$2.11$1.28$0.83
2021Detailed filing. Detailed filing data is available for this year.$0.67$0.06$0.62$5.34$5.49$0.15
2020Detailed filing. Detailed filing data is available for this year.$0.86$0.09$0.77$10.6$10.5$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.78$0.10$0.68$0.89$0.69$0.20
2018Detailed filing. Detailed filing data is available for this year.$0.53$0.05$0.47$0.39$0.67$0.28
2017Detailed filing. Detailed filing data is available for this year.$1.08$0.32$0.76$1.00$0.97$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.08$0.35$0.73$1.60$1.15$0.45
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.16$0.21$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.41$0.07$0.34$0.33$0.37$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.45$0.07$0.39$0.25$0.62$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.05$0.75$0.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.01$0.87$0.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.05$0.82$0.20