Civic Intelligence

Michels Corporation Scholarship Fund Inc.

990EZ • Fiscal year 2020 • EIN 27-0593904

Jan 01, 2020 to Dec 31, 2020 • Filed on May 10, 2021

PO Box 128Brownsville, WI 53006

(920) 583-3132

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

89th percentile

52%

Higher net margin than 89% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

79th percentile

46%

Faster asset growth than 79% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

105%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$192,878

Up $60,648 (+46%) from 2019

Net Assets

Up

$192,878

Up $60,648 (+46%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$116,404

Up $59,505 (+105%) from 2019

Expenses

Up

$55,756

Up $10,885 (+24%) from 2019

Net Income

Up

$60,648

Up $48,620 (+404%) from 2019

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2016: $85,796Liabilities 2016: $0Net Assets 2016: $85,7962016Assets 2018: $120,202Liabilities 2018: $0Net Assets 2018: $120,2022018Assets 2019: $132,230Liabilities 2019: $0Net Assets 2019: $132,2302019Assets 2020: $192,878Liabilities 2020: $0Net Assets 2020: $192,8782020Assets 2021: $219,797Liabilities 2021: $0Net Assets 2021: $219,7972021Assets 2022: $234,325Liabilities 2022: $0Net Assets 2022: $234,3252022Assets 2023: $251,338Liabilities 2023: $2,000Net Assets 2023: $249,3382023Assets 2024: $336,375Liabilities 2024: $0Net Assets 2024: $336,3752024

Highlighted filing

2020

Assets$192,878
Liabilities$0
Net Assets$192,878

Operations Trend

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

$200K$150K$100K$50K$0Revenue 2016: $31,773Expenses 2016: $25,020Net Income 2016: $6,7532016Revenue 2018: $76,975Expenses 2018: $48,314Net Income 2018: $28,6612018Revenue 2019: $56,899Expenses 2019: $44,871Net Income 2019: $12,0282019Revenue 2020: $116,404Expenses 2020: $55,756Net Income 2020: $60,6482020Revenue 2021: $91,835Expenses 2021: $65,116Net Income 2021: $26,7192021Revenue 2022: $90,487Expenses 2022: $75,959Net Income 2022: $14,5282022Revenue 2023: $111,475Expenses 2023: $96,462Net Income 2023: $15,0132023Revenue 2024: $197,372Expenses 2024: $110,335Net Income 2024: $87,0372024

Highlighted filing

2020

Revenue$116,404
Expenses$55,756
Net Income$60,648
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 10, 2021
Return Version
2020v4.1
Gross Receipts
$170,564
Mission and Program Overview

Mission

The mission of the organization is to provide scholarships for post-secondary education to employees and children of employees of michels corporation, its subsidiaries and affiliates.

Program Services

DescriptionGrantsExpenses
THE FUND PROVIDES COLLEGE SCHOLARSHIPS TO INDIVIDUALS BASED ON AN APPLICATION PROCESS. IT AWARDED 16 SCHOLARSHIPS DURING 2020.$52,500$52,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARYSUE C MICHELSPres/Treas/Director-$0--
PATRICK D MICHELSVice Pres/Sec/Director-$0--
RUTH L MICHELSDirector - Deceased 12/2020-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Silent Auction$88,793$41,306$4,193$37,113
Total Events$88,793$41,306$45,499$-4,193
Filing and Contact Details

Filer

Filer Name
Michels Scholarship Fund Inc
EIN
27-0593904
Phone
9205833132
Address
PO BOX 128, BROWNSVILLE, WI 53006

Signing Officer

Name
Patrick D Michels
Title
Vice Pres/sec
Phone
9205833132
Signed
2021-05-10
Discuss with paid preparer
Yes

Preparer

Firm
Grant Thornton Llp
Address
100 E WISCONSIN AVE, MILWAUKEE, WI 53202
Preparer
Michelle L Weber
Phone
4142898200
Supplemental Narrative

Additional Explanations

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

Description: interest income. Amount: 29.

Form 990-ez, Part I, Line 8 - Other Revenue

Description: form 8940 filing fee refund. Amount: 1,000.

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

Description: office expenses. Amount: 1,105. Description: bank fees. Amount: 56. Description: wi form 104 filing fee. Amount: 25. Total to form 990-ez, line 16: 1,186.

Raw XML Appendix204 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/PhoneNum09205833132
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BROWNSVILLE
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IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd053006
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MARYSUE C MICHELS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1PATRICK D MICHELS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2RUTH L MICHELS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRES/TREAS/DIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRES/SEC/DIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR - DECEASED 12/2020
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt01186
IRS990EZ/OtherRevenueTotalAmt01000
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION OF THE ORGANIZATION IS TO PROVIDE SCHOLARSHIPS FOR POST-SECONDARY EDUCATION TO EMPLOYEES AND CHILDREN OF EMPLOYEES OF MICHELS CORPORATION, ITS SUBSIDIARIES AND AFFILIATES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE FUND PROVIDES COLLEGE SCHOLARSHIPS TO INDIVIDUALS BASED ON AN APPLICATION PROCESS. IT AWARDED 16 SCHOLARSHIPS DURING 2020.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt052500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt052500
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt054160
IRS990EZ/SpecialEventsNetIncomeLossAmt09313
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt055756
IRS990EZ/TotalProgramServiceExpensesAmt052500
IRS990EZ/TotalRevenueAmt0116404
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0106062
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt048293
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt070810
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt041563
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt028548
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0295276
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt029
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0434
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt036
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt018
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0524
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.51640
IRS990ScheduleA/PublicSupportPY170Pct00.44830
IRS990ScheduleA/PublicSupportTotal170Amt0183056
IRS990ScheduleA/SubstantialContributorsTotAmt0112220
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0106062
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0295276
IRS990ScheduleA/TotalSupportAmt0354463
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt013506
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt012015
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt06805
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt058663
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleG/CharitableDistributionRqrInd00
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt047487
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt047487
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt045499
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SILENT AUCTION
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-4193
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt041306
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt041306
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04193
IRS990ScheduleG/GamingInformationGrp/CashPrizesOtherGamingAmt07500
IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt07500
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt08661
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt022167
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt022167
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt013506
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesOtherGamingAmt01103
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesTotalGamingAmt01103
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssOtherGamingAmt058
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt058
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd00
IRS990ScheduleG/GamingOwnFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd01
IRS990ScheduleG/LicensedInd01
IRS990ScheduleG/LicenseSuspendedEtcInd00
IRS990ScheduleG/MemberOfOtherEntityInd00
IRS990ScheduleG/PersonsWithBooksName/BusinessNameLine1Txt0JILL LARONGE
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0PO BOX 128
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0BROWNSVILLE
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0WI
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd053006
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 29.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: FORM 8940 FILING FEE REFUND. AMOUNT: 1,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: OFFICE EXPENSES. AMOUNT: 1,105. DESCRIPTION: BANK FEES. AMOUNT: 56. DESCRIPTION: WI FORM 104 FILING FEE. AMOUNT: 25. TOTAL TO FORM 990-EZ, LINE 16: 1,186.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICK D MICHELS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRES/SEC
ReturnHeader/BusinessOfficerGrp/PhoneNum09205833132
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICHELS SCHOLARSHIP FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0MICH
ReturnHeader/Filer/EIN0270593904
ReturnHeader/Filer/PhoneNum09205833132
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 128
ReturnHeader/Filer/USAddress/CityNm0BROWNSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053006
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0366055558
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRANT THORNTON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 E WISCONSIN AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MILWAUKEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053202
ReturnHeader/PreparerPersonGrp/PhoneNum04142898200
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE L WEBER
ReturnHeader/ReturnTs02021-05-12T13:02:06-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PATRICK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MICHELS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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