Civic Intelligence

Michigan Saves Inc.

990 • Fiscal year 2017 • EIN 27-1388004

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 25, 2018

Organization ProfileWWW.MICHIGANSAVES.ORG
230 N Washington Square Suite 300Lansing, MI 48933

(517) 484-4954

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.07x

Higher debt load relative to assets than 32% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

62nd percentile

0.39x

Higher debt load relative to revenue than 62% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

87th percentile

36%

Higher net margin than 87% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

70th percentile

11%

Faster asset growth than 70% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

97%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$12,790,783

Up $1,255,155 (+11%) from 2016

Net Assets

Up

$11,832,213

Up $905,074 (+8.3%) from 2016

Liabilities

Up

$958,570

Up $350,081 (+58%) from 2016

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin87th percentile

Revenue

Up

$2,485,783

Up $1,224,611 (+97%) from 2016

Expenses

Up

$1,580,709

Up $176,933 (+13%) from 2016

Net Income

Up

$905,074

Up $1,047,678 (+735%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$40M$30M$20M$10M$0Assets 2012: $16,601,819Liabilities 2012: $1,760,304Net Assets 2012: $14,841,5152012Assets 2013: $13,364,493Liabilities 2013: $393,894Net Assets 2013: $12,970,5992013Assets 2014: $12,780,459Liabilities 2014: $402,143Net Assets 2014: $12,378,3162014Assets 2015: $11,863,708Liabilities 2015: $793,965Net Assets 2015: $11,069,7432015Assets 2016: $11,535,628Liabilities 2016: $608,489Net Assets 2016: $10,927,1392016Assets 2017: $12,790,783Liabilities 2017: $958,570Net Assets 2017: $11,832,2132017Assets 2018: $12,167,492Liabilities 2018: $1,434,283Net Assets 2018: $10,733,2092018Assets 2019: $12,598,144Liabilities 2019: $1,336,061Net Assets 2019: $11,262,0832019Assets 2020: $14,737,386Liabilities 2020: $1,592,295Net Assets 2020: $13,145,0912020Assets 2021: $18,070,925Liabilities 2021: $1,909,889Net Assets 2021: $16,161,0362021Assets 2022: $18,460,904Liabilities 2022: $3,350,711Net Assets 2022: $15,110,1932022Assets 2023: $30,475,981Liabilities 2023: $4,933,786Net Assets 2023: $25,542,1952023Assets 2024: $36,078,006Liabilities 2024: $6,765,048Net Assets 2024: $29,312,9582024

Highlighted filing

2017

Assets$12,790,783
Liabilities$958,570
Net Assets$11,832,213
Open 2017 Filing

Operations Trend

Revenue Growth93rd percentile

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

$30M$20M$10M$0-$10MExpenses 2012: $9,387,8442012Revenue 2013: $6,035,817Expenses 2013: $7,906,733Net Income 2013: -$1,870,9162013Revenue 2014: $1,369,613Expenses 2014: $1,961,896Net Income 2014: -$592,2832014Revenue 2015: $111,201Expenses 2015: $1,419,774Net Income 2015: -$1,308,5732015Revenue 2016: $1,261,172Expenses 2016: $1,403,776Net Income 2016: -$142,6042016Revenue 2017: $2,485,783Expenses 2017: $1,580,709Net Income 2017: $905,0742017Revenue 2018: $769,666Expenses 2018: $1,868,670Net Income 2018: -$1,099,0042018Revenue 2019: $3,404,929Expenses 2019: $2,876,055Net Income 2019: $528,8742019Revenue 2020: $4,812,280Expenses 2020: $2,929,272Net Income 2020: $1,883,0082020Revenue 2021: $5,834,358Expenses 2021: $3,788,162Net Income 2021: $2,046,1962021Revenue 2022: $5,654,697Expenses 2022: $4,014,555Net Income 2022: $1,640,1422022Revenue 2023: $17,758,875Expenses 2023: $7,376,036Net Income 2023: $10,382,8392023Revenue 2024: $20,641,601Expenses 2024: $14,846,679Net Income 2024: $5,794,9222024

Highlighted filing

2017

Revenue$2,485,783
Expenses$1,580,709
Net Income$905,074
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 25, 2018
Return Version
2017v2.3
Gross Receipts
$2,485,783
Mission and Program Overview

Mission

The corporation is organized exclusively for charitable, scientific, literary, and educational purposes within the meaning of section 501(c)3 of the internal revenue code of 1986, as amended (the "code"), or comparable subsequent legislation. In furtherance of these purposes, the purpose of the corporation is to create statewide, innovative energy efficiency and distributed renewable energy financing system for the benefit of utility customers in the state of michigan, and to engage in activities related therto.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$9,749,344$11,119,487▲ $1,370,143
Cash and Non-Interest-Bearing Accounts$1,681,744$1,413,108▼ $268,636
Pledges and Grants Receivable$104,540$258,188▲ $153,648
Total Assets$11,535,628$12,790,783▲ $1,255,155
Liabilities
Accounts Payable and Accrued Expenses$608,489$958,570▲ $350,081
Total Liabilities$608,489$958,570▲ $350,081
Net Assets / Fund Balance
Unrestricted Net Assets$10,927,139$11,832,213▲ $905,074
Total Net Assets Fund Balance$10,927,139$11,832,213▲ $905,074
Total Liabilities and Net Assets / Fund Balance$11,535,628$12,790,783▲ $1,255,155

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$11,119,487--
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Paul SchuttPresident
Amanda GodwardDirector
Conan SmithDirector
David AllenDirector
Gregory BergtoldDirector
Irene DimitryDirector
James MoyerDirector
Jason MatleyDirector
Roselyn TantrapholDirector
Stephanie MinottDirector
Sue WarrenDirector
Teri Van SumerenDirector
Thom PhillipsDirector
Waymon GuillebeauxDirector
Patricia PoliEx Officio
David WibleTreasurer
Julie Hales-smithVice Pres/se

Highest Paid Contractors

ContractorServicesLocationCompensation
Public Sector ConsultantsAdministrative230 N WASHINGTON SQUARE SUITE 300, Lansing, MI 48933$902,836
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,604,010
Other Revenue
$881,773
Change in Net Assets
$905,074

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,485,783
Total Revenue per Audited Statements
$2,485,783
Total Revenue per Form 990
$2,485,783
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,580,709
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
Other Expenses$49,061--$49,061
Travel$18,708--$18,708
Total Functional Expenses$1,580,709$0$0$1,580,709

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,580,709
Total Expenses per Audited Statements$1,580,709
Total Expenses per Form 990$1,580,709
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Public Sector Consultants IncSee Part VSee Part VNo-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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

“The 990 is prepared by a third party and then reviewed by the manager.”

Form 990, Page 6, Part VI, Line 19

“The organizations governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Michigan Saves Inc
EIN
27-1388004
Address
230 N WASHINGTON SQUARE SUITE 300, LANSING, MI 48933

Signing Officer

Name
Paul Schutt
Title
President
Signed
2018-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Schutt
Formed
2009
Legal Domicile
Mi
Voting Board Members
16
Independent Board Members
16
Employees
0

Preparer

Firm
Hall & Romkema Plc
Address
3495 COOLIDGE ROAD, EAST LANSING, MI 48823
Preparer
Terry L Hall
Phone
5173378900
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The corporation is organized exclusively for charitable, scientific, literary, and educational purposes within the meaning of section 501(c)3 of the internal revenue code of 1986, as amended (the "code"), or comparable subsequent legislation. In furtherance of these purposes, the purpose of the corporation is to create statewide, innovative energy efficiency and distributed renewable energy financing system for the benefit of utility customers in the state of michigan, and to engage in activities related therto.”

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IRS990/MissionDesc0THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)3 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), OR COMPARABLE SUBSEQUENT LEGISLATION. IN FURTHERANCE OF THESE PURPOSES, THE PURPOSE OF THE CORPORATION IS TO CREATE STATEWIDE, INNOVATIVE ENERGY EFFICIENCY AND DISTRIBUTED RENEWABLE ENERGY FINANCING SYSTEM FOR THE BENEFIT OF UTILITY CUSTOMERS IN THE STATE OF MICHIGAN, AND TO ENGAGE IN ACTIVITIES RELATED THERTO.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt011832213
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IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0CONTRACTUAL EXPENSES
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2SUPPLIES
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IRS990/OtherExpensesGrp/ProgramServicesAmt1506238
IRS990/OtherExpensesGrp/ProgramServicesAmt249061
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IRS990/OtherExpensesGrp/TotalAmt1506238
IRS990/OtherExpensesGrp/TotalAmt249061
IRS990/OtherRevenueMiscGrp/Desc0CONTRACTOR APPLICATION FEES
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1219425
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1219425
IRS990/OtherRevenueTotalAmt0881773
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0258188
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0PAUL SCHUTT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt055000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0536885
IRS990/PYOtherExpensesAmt01403776
IRS990/PYOtherRevenueAmt0669287
IRS990/PYRevenuesLessExpensesAmt0-142604
IRS990/PYTotalExpensesAmt01403776
IRS990/PYTotalRevenueAmt01261172
IRS990/ReconcilationRevenueExpnssAmt0905074
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0136466
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0628562
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt05144882
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05964910
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02485783
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IRS990ScheduleA/PublicSupportPY170Pct01.00000
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt055000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0136466
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0628562
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt05144882
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05964910
IRS990ScheduleA/TotalSupportAmt05964910
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt01580709
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt011119487
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0AGENCY BOND SECURITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueSubtotalAmt02485783
IRS990ScheduleD/TotalBookValueProgramRltdAmt011119487
IRS990ScheduleD/TotalExpensesPerForm990Amt01580709
IRS990ScheduleD/TotalRevenuePerForm990Amt02485783
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02485783
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01580709
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0PUBLIC SECTOR CONSULTANTS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SEE PART V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SEE PART V
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0PART IV (B): ENTITY IS 39.11% OWNED BY JEFF WILLIAMS, FORMER PRESIDENT OF THE ORGANIZATION AND 19.56% BY JULIE BENNETT, FORMER EXECUTIVE DIRECTOR. PART IV (D): CONTRACT FOR ADMINISTRATIVE SERVICES.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)3 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), OR COMPARABLE SUBSEQUENT LEGISLATION. IN FURTHERANCE OF THESE PURPOSES, THE PURPOSE OF THE CORPORATION IS TO CREATE STATEWIDE, INNOVATIVE ENERGY EFFICIENCY AND DISTRIBUTED RENEWABLE ENERGY FINANCING SYSTEM FOR THE BENEFIT OF UTILITY CUSTOMERS IN THE STATE OF MICHIGAN, AND TO ENGAGE IN ACTIVITIES RELATED THERTO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS PREPARED BY A THIRD PARTY AND THEN REVIEWED BY THE MANAGER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONS GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0352451459
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0NONE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0FUND FOR ENERGY EFFICIENCY LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0230 N WASHINGTON SQ STE 300
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0LANSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd048933
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011535628
IRS990/TotalAssetsEOYAmt012790783
IRS990/TotalAssetsGrp/BOYAmt011535628
IRS990/TotalAssetsGrp/EOYAmt012790783
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01580709
IRS990/TotalFunctionalExpensesGrp/TotalAmt01580709
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0608489
IRS990/TotalLiabilitiesEOYAmt0958570
IRS990/TotalLiabilitiesGrp/BOYAmt0608489
IRS990/TotalLiabilitiesGrp/EOYAmt0958570
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010927139
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011832213
IRS990/TotalProgramServiceExpensesAmt01580709
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02485783
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02485783
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011535628
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012790783
IRS990/TravelGrp/ProgramServicesAmt018708
IRS990/TravelGrp/TotalAmt018708
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt010927139
IRS990/UnrestrictedNetAssetsGrp/EOYAmt011832213
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0230 N WASHINGTON SQ STE 300
IRS990/USAddress/CityNm0LANSING
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048933
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0WWW.MICHIGANSAVES.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL SCHUTT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICHIGAN SAVES INC
ReturnHeader/Filer/BusinessNameControlTxt0MICH
ReturnHeader/Filer/EIN0271388004

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$12,790,783
Liabilities
$958,570
Net assets
$11,832,213
Revenue
$2,485,783
Expenses
$1,580,709
Net income
$905,074
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.1$6.77$29.3$20.6$14.8$5.79
2023Detailed filing. Detailed filing data is available for this year.$30.5$4.93$25.5$17.8$7.38$10.4
2022Detailed filing. Detailed filing data is available for this year.$18.5$3.35$15.1$5.65$4.01$1.64
2021Detailed filing. Detailed filing data is available for this year.$18.1$1.91$16.2$5.83$3.79$2.05
2020Detailed filing. Detailed filing data is available for this year.$14.7$1.59$13.1$4.81$2.93$1.88
2019Detailed filing. Detailed filing data is available for this year.$12.6$1.34$11.3$3.40$2.88$0.53
2018Detailed filing. Detailed filing data is available for this year.$12.2$1.43$10.7$0.77$1.87$1.10
2017Detailed filing. Detailed filing data is available for this year.$12.8$0.96$11.8$2.49$1.58$0.91
2016Detailed filing. Detailed filing data is available for this year.$11.5$0.61$10.9$1.26$1.40$0.14
2015Detailed filing. Detailed filing data is available for this year.$11.9$0.79$11.1$0.11$1.42$1.31
2014Detailed filing. Detailed filing data is available for this year.$12.8$0.40$12.4$1.37$1.96$0.59
2013Detailed filing. Detailed filing data is available for this year.$13.4$0.39$13.0$6.04$7.91$1.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$1.76$14.8$9.39