Civic Intelligence

Cmu College of Business Administration

EIN 27-4699442 • 501(c)3 • Mount Pleasant, MI

Profile

The foundation raises and disperses funds to support the educational mission of the cmu college of business administration and support excellence in learning, teaching, and research.

250 Applied Business Studies CompleMount Pleasant, MI 48859

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

69th percentile

0.01x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

96th percentile

86%

Higher net margin than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

99th percentile

$320,048

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 554.6% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

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

Source year 2017

Revenue Growth

Score unavailable

No value available

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

Source year 2017

Assets

$477,840

No earlier filing loaded for comparison.

Liabilities

$553

No earlier filing loaded for comparison.

Net Assets

$477,287

No earlier filing loaded for comparison.

Revenue

$57,704

No earlier filing loaded for comparison.

Expenses

$8,217

No earlier filing loaded for comparison.

Net Income

$49,487

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2017: $477,840Liabilities 2017: $553Net Assets 2017: $477,2872017

Highlighted filing

2017

Assets$477,840
Liabilities$553
Net Assets$477,287

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0Revenue 2017: $57,704Expenses 2017: $8,217Net Income 2017: $49,4872017

Highlighted filing

2017

Revenue$57,704
Expenses$8,217
Net Income$49,487

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$4.78$0.01$4.77$0.58$0.08$0.49
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 26, 2017
Return Version
2016v3.0
Gross Receipts
$457,165
Mission and Program Overview

Mission

The foundation raises and disperses funds to support the educational mission of the cmu college of business administration and support excellence in learning, teaching, and research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$10,251$477,840▲ $467,589
Investments in Publicly Traded Securities$372,396$0▼ $372,396
Pledges and Grants Receivable$188,051$0▼ $188,051
Total Assets$570,698$477,840▼ $92,858
Liabilities
Accounts Payable and Accrued Expenses$420$553▲ $133
Total Liabilities$420$553▲ $133
Net Assets / Fund Balance
Unrestricted Net Assets$381,127$477,287▲ $96,160
Temporarily Rstr Net Assets$189,151$0▼ $189,151
Total Net Assets Fund Balance$570,278$477,287▼ $92,991
Total Liabilities and Net Assets / Fund Balance$570,698$477,840▼ $92,858
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ira KreftChair
Charles CrespyFoundation Board Member
Craig JohnsonFoundation Board Member
Thomas WierichSecretary
Jacalyn GoforthTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$57,704
Other Revenue
$0
Change in Net Assets
$49,487

Audited Revenue Reconciliation

Revenue per Audited Statements
$57,704
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-124,344
Total Revenue per Audited Statements
$-66,640
Total Revenue per Form 990
$57,704
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,217
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 Accounting-$6,020-$6,020
Fees for Service Investment Mgmnt Fees-$2,177-$2,177
Fees for Services Legal-$20-$20
Total Functional Expenses$0$8,217$0$8,217

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$26,351
Expenses Not Reported on Form 990$18,134
Expenses per Audited Statements$8,217
Total Expenses per Form 990$8,217
Expenses Not Reported on Financial Statements$0
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
Annual disclosure for covered persons
No
Audit committee
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

Central michigan university (cmu) is the sole member of the foundation

Form 990, Part VI, Section A, line 7A

Cmu, as the sole member of the foundation, elects the members of the governing body.

Form 990, Part VI, Section A, line 7B

Cmu, as the sole member of the foundation, reserves the right to approve changes to governing documents, organization structure, and any proposed transactions not covered by the board's investment policy.

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

Copies of this form 990 will be e-mailed to each board member of the cmu cba foundation for their review prior to filing with the irs.

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

All directors are covered under the conflict of interest policy. The board of directors determines whether a conflict of interest exists and reviews actual conflicts that arise. Appropriate restrictions, decided by the board of directors, will be imposed on individuals with a conflict.

Form 990, Part VI, Section C, line 19

All governing documents are available upon written request, via e-mail or regular mail, to charles t. Crespy, 250 applied business studies complex, mount pleasant, mi 48859

Filing and Contact Details

Filer

Filer Name
CMU College of Business Administration
EIN
27-4699442
Phone
9897742481
Address
250 APPLIED BUSINESS STUDIES COMPLE, Mount Pleasant, MI 48859

Signing Officer

Name
Charles Crespy
Title
Foundation Board Member
Phone
9897742481
Signed
2017-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Crespy
Formed
2011
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Plante & Moran Pllc
Address
750 Trade Centre Way Ste 300, Portage, MI 49002
Preparer
Vicki L VanDenBerg CPA
Phone
2695674500
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Change in pledge receivable discount 11,949. Adjustment to pledge receivable -150,000.

FORM 990, PART XII, LINE 2C:

There was no change in process from the prior year.

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

Change in pledge receivable discount 11,949. Adjustment to pledge receivable -150,000.

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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CENTRAL MICHIGAN UNIVERSITY (CMU) IS THE SOLE MEMBER OF THE FOUNDATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CMU, AS THE SOLE MEMBER OF THE FOUNDATION, ELECTS THE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CMU, AS THE SOLE MEMBER OF THE FOUNDATION, RESERVES THE RIGHT TO APPROVE CHANGES TO GOVERNING DOCUMENTS, ORGANIZATION STRUCTURE, AND ANY PROPOSED TRANSACTIONS NOT COVERED BY THE BOARD'S INVESTMENT POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF THIS FORM 990 WILL BE E-MAILED TO EACH BOARD MEMBER OF THE CMU CBA FOUNDATION FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DIRECTORS ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. THE BOARD OF DIRECTORS DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS AND REVIEWS ACTUAL CONFLICTS THAT ARISE. APPROPRIATE RESTRICTIONS, DECIDED BY THE BOARD OF DIRECTORS, WILL BE IMPOSED ON INDIVIDUALS WITH A CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST, VIA E-MAIL OR REGULAR MAIL, TO CHARLES T. CRESPY, 250 APPLIED BUSINESS STUDIES COMPLEX, MOUNT PLEASANT, MI 48859
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CHANGE IN PLEDGE RECEIVABLE DISCOUNT 11,949. ADJUSTMENT TO PLEDGE RECEIVABLE -150,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THERE WAS NO CHANGE IN PROCESS FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd21
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd31
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd41
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd51
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0CMU
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1CMU
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2CMU
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3CMU
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt4CMU
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CENTRAL MICHIGAN UNIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1CENTRAL HEALTH ADVANCEMENT SOLUTIONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2CMU MEDICAL EDUCATION PARTNERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3CMU FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4CMU RESEARCH CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5INSTITUTE FOR EXCELLENCE IN EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0386004447
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1453862232
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2381870664
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3383374363
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN4364500805
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN5383635927
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0511
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt4501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt5501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd4MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd5MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt5EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 12a, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1Line 12b, II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2Line 12a, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt3Line 12c, III-FI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt4Line 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0304 WARRINER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1104 WARRINER HALL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt21000 HOUGHTON AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt3104 WARRINER HALL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt42625 DENISON DR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt52520 UNIVERSITY PARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MOUNT PLEASANT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1MOUNT PLEASANT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2SAGINAW
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm3MOUNT PLEASANT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm4MOUNT PLEASANT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm5MOUNT PLEASANT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd3MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd4MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd5MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd048859
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd148859
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd248602
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd348859
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd448858
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd548858
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0189151

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