Civic Intelligence

Michigan Israel Business Accelerator Foundation

990EZ • Fiscal year 2016 • EIN 27-3157523

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

Organization Profilewww.michiganisrael.com
6735 Telegraph RdBloomfield Hills, MI 48301

(248) 642-1701

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

19th percentile

-15%

Higher net margin than 19% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

$25,911

No earlier filing loaded for comparison.

Net Assets

$25,911

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin19th percentile

Revenue

$48,417

No earlier filing loaded for comparison.

Expenses

$55,576

No earlier filing loaded for comparison.

Net Income

-$7,159

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.5M$1.0M$500K$0Assets 2016: $25,911Liabilities 2016: $0Net Assets 2016: $25,9112016Assets 2018: $442,414Liabilities 2018: $0Net Assets 2018: $442,4142018Assets 2019: $221,219Liabilities 2019: $68,763Net Assets 2019: $152,4562019Assets 2020: $1,390,919Liabilities 2020: $513,352Net Assets 2020: $877,5672020Assets 2021: $1,033,973Liabilities 2021: $134,550Net Assets 2021: $899,4232021Assets 2022: $1,350,588Liabilities 2022: $300,537Net Assets 2022: $1,050,0512022Assets 2023: $1,466,701Liabilities 2023: $494,451Net Assets 2023: $972,2502023Assets 2024: $1,183,354Liabilities 2024: $513,937Net Assets 2024: $669,4172024

Highlighted filing

2016

Assets$25,911
Liabilities$0
Net Assets$25,911
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $48,417Expenses 2016: $55,576Net Income 2016: -$7,1592016Revenue 2018: $420,194Expenses 2018: $328,418Net Income 2018: $91,7762018Revenue 2019: $441,216Expenses 2019: $731,174Net Income 2019: -$289,9582019Revenue 2020: $1,106,800Expenses 2020: $381,689Net Income 2020: $725,1112020Revenue 2021: $293,849Expenses 2021: $271,993Net Income 2021: $21,8562021Revenue 2022: $556,601Expenses 2022: $405,973Net Income 2022: $150,6282022Revenue 2023: $436,796Expenses 2023: $514,597Net Income 2023: -$77,8012023Revenue 2024: $353,207Expenses 2024: $656,040Net Income 2024: -$302,8332024

Highlighted filing

2016

Revenue$48,417
Expenses$55,576
Net Income-$7,159
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$56,167
Mission and Program Overview

Mission

Mibaf has adopted a mission to advance michigan's innovation ecosystem, one israeli connection at a time.

Educate the general public by providing programs and educational opportunities throughout Michigan to advance business and research partnerships between the state and Israel.

Program Services

DescriptionGrantsExpenses
The MIBB Educational Foundation Inc. held educational seminars, presentations, and mentored students about the complimentary economic partnerships between individuals, organizations, corporations and universities between the state of Michigan and Israel. The MIBB Educational Foundation Inc. provided programs to the general public throughout the the state of Michian for exchanging information related to innovation and scientific methodology from Israel that is utilized in Michigan. The forums were advertised through emails, mailings and websites. The MIBB Educational Foundation Inc. also organizes an annual fundraiser.$0$54,500
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph Ben-GalDirector-$0--
Robyn LedermanTreasurer-$0--
Hannan LisPresident-$0--
Mark MilgromSecretary-$0--
Chuck NewmanDirector-$0--
Norm PappasDirector-$0--
Lloyd SilbermanDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ambassador Awards Dinner$28,600$9,500$7,750$1,750
Total Events$28,600$9,500$7,750$1,750
Filing and Contact Details

Filer

Filer Name
The MIBB Educational Foundation Inc
EIN
27-3157523
Phone
2486421701
Address
6735 Telegraph Rd, Bloomfield Hills, MI 48301

Signing Officer

Name
Hadas Bernard
Title
Executive Director
Phone
2486421701
Signed
2017-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Rehmann Robson LLC
Address
39300 W Twelve Mile Rd Ste 100, Farmington Hills, MI 48331-2989
Preparer
Larry Slutsky CPAPFS CFP
Phone
2485791100
Supplemental Narrative

Additional Explanations

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

“Description: Bank Charges. Amount: 891. Description: Office Expense. Amount: 165. Description: Filing Fee. Amount: 20. Description: Program Expenses. Amount: 54,500. Total to Form 990-EZ, line 16: 55,576.”

Raw XML Appendix184 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/PhoneNum02486421701
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt06735 Telegraph Rd
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Bloomfield Hills
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd048301
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt033070
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IRS990EZ/GrossReceiptsAmt056167
IRS990EZ/InfoInScheduleOPartIIIInd0X
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IRS990EZ/NetAssetsOrFundBalancesBOYAmt033070
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Joseph Ben-Gal
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Robyn Lederman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Hannan Lis
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Mark Milgrom
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Chuck Newman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Norm Pappas
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Lloyd Silberman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt055576
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Educate the general public by providing programs and educational opportunities throughout Michigan to advance business and research partnerships between the state and Israel.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The MIBB Educational Foundation Inc. held educational seminars, presentations, and mentored students about the complimentary economic partnerships between individuals, organizations, corporations and universities between the state of Michigan and Israel. The MIBB Educational Foundation Inc. provided programs to the general public throughout the the state of Michian for exchanging information related to innovation and scientific methodology from Israel that is utilized in Michigan. The forums were advertised through emails, mailings and websites. The MIBB Educational Foundation Inc. also organizes an annual fundraiser.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt054500
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt07750
IRS990EZ/SpecialEventsNetIncomeLossAmt01750
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MI
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt055576
IRS990EZ/TotalProgramServiceExpensesAmt054500
IRS990EZ/TotalRevenueAmt048417
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.michiganisrael.com
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt046667
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt047351
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt048498
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt029487
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt033638
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0205641
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt09500
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92740
IRS990ScheduleA/PublicSupportTotal170Amt0190717
IRS990ScheduleA/SubstantialContributorsTotAmt014924
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt046667
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt047351
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt048498
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt029487
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt033638
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0205641
IRS990ScheduleA/TotalSupportAmt0205641
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/FundraisingEventInformationGrp/CharitableContributionsTotAmt019100
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt019100
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt07750
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Ambassador Awards Dinner
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt028600
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt028600
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt09500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt09500
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt01750
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt07750
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt07750
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Bank Charges. Amount: 891. Description: Office Expense. Amount: 165. Description: Filing Fee. Amount: 20. Description: Program Expenses. Amount: 54,500. Total to Form 990-EZ, line 16: 55,576.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16 - Other Expenses
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Hadas Bernard
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum02486421701
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The MIBB Educational Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0MIBB
ReturnHeader/Filer/EIN0273157523
ReturnHeader/Filer/PhoneNum02486421701
ReturnHeader/Filer/USAddress/AddressLine1Txt06735 Telegraph Rd
ReturnHeader/Filer/USAddress/CityNm0Bloomfield Hills
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048301
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId09DF5269FE4C7075BB1D6688E70ACE22C06F59D58
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06956DCDD730E5AD4D2371AB3556AF28239D4FBFA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.88.109.93
ReturnHeader/FilingSecurityInformation/IPDt02017-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm012:33:36
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383635706
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Rehmann Robson LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt039300 W Twelve Mile Rd Ste 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Farmington Hills
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0483312989
ReturnHeader/PreparerPersonGrp/PhoneNum02485791100
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Larry Slutsky CPAPFS CFP
ReturnHeader/ReturnTs02017-11-15T15:40:01-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,911
Liabilities
$0
Net assets
$25,911
Revenue
$48,417
Expenses
$55,576
Net income
-$7,159
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.51$0.67$0.35$0.66$0.30
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.47$0.49$0.97$0.44$0.51$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.30$1.05$0.56$0.41$0.15
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.13$0.90$0.29$0.27$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.51$0.88$1.11$0.38$0.73
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.07$0.15$0.44$0.73$0.29
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.00$0.44$0.42$0.33$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.05$0.06$0.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • <$500k nonprofits