Civic Intelligence

Inforum

990 • Fiscal year 2019 • EIN 30-0101343

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 02, 2020

Organization ProfileWWW.INFORUMMICHIGAN.ORG
400 Renaissance Center No 2155Detroit, MI 48243

(313) 567-0232

Siviq Scores

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

Liabilities / Assets

54th percentile

0.11x

Higher debt load relative to assets than 54% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

0.16x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

68th percentile

12%

Higher net margin than 68% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

95th percentile

$343,764

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 12.9% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

56th percentile

5.2%

Faster asset growth than 56% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

51st percentile

4.3%

Faster revenue growth than 51% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$3,993,195

Up $196,477 (+5.2%) from 2018

Net Assets

Up

$3,561,243

Up $240,179 (+7.2%) from 2018

Liabilities

Down

$431,952

Down $43,702 (-9.2%) from 2018

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin68th percentile

Revenue

Up

$2,674,525

Up $110,756 (+4.3%) from 2018

Expenses

Up

$2,362,487

Up $26,907 (+1.2%) from 2018

Net Income

Up

$312,038

Up $83,849 (+37%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $691,437Liabilities 2010: $57,102Net Assets 2010: $634,3352010Assets 2011: $731,997Liabilities 2011: $51,197Net Assets 2011: $680,8002011Assets 2012: $911,455Liabilities 2012: $126,611Net Assets 2012: $784,8442012Assets 2013: $1,110,477Liabilities 2013: $178,867Net Assets 2013: $931,6102013Assets 2014: $1,452,719Liabilities 2014: $56,155Net Assets 2014: $1,396,5642014Assets 2015: $1,557,144Liabilities 2015: $157,447Net Assets 2015: $1,399,6972015Assets 2016: $1,533,155Liabilities 2016: $264,183Net Assets 2016: $1,268,9722016Assets 2018: $3,796,718Liabilities 2018: $475,654Net Assets 2018: $3,321,0642018Assets 2019: $3,993,195Liabilities 2019: $431,952Net Assets 2019: $3,561,2432019Assets 2020: $3,828,711Liabilities 2020: $380,789Net Assets 2020: $3,447,9222020Assets 2021: $4,234,684Liabilities 2021: $274,653Net Assets 2021: $3,960,0312021Assets 2022: $3,977,241Liabilities 2022: $419,372Net Assets 2022: $3,557,8692022Assets 2023: $4,286,321Liabilities 2023: $481,104Net Assets 2023: $3,805,2172023Assets 2024: $4,308,809Liabilities 2024: $492,854Net Assets 2024: $3,815,9552024Assets 2025: $4,109,802Liabilities 2025: $538,898Net Assets 2025: $3,570,9042025

Highlighted filing

2019

Assets$3,993,195
Liabilities$431,952
Net Assets$3,561,243
Open 2019 Filing

Operations Trend

Revenue Growth51st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $468,1072010Expenses 2011: $586,1962011Expenses 2012: $872,3832012Expenses 2013: $1,051,9532013Revenue 2014: $1,157,087Expenses 2014: $1,134,247Net Income 2014: $22,8402014Revenue 2015: $1,241,691Expenses 2015: $1,204,091Net Income 2015: $37,6002015Revenue 2016: $1,186,083Expenses 2016: $1,280,704Net Income 2016: -$94,6212016Revenue 2018: $2,563,769Expenses 2018: $2,335,580Net Income 2018: $228,1892018Revenue 2019: $2,674,525Expenses 2019: $2,362,487Net Income 2019: $312,0382019Revenue 2020: $1,758,420Expenses 2020: $1,774,896Net Income 2020: -$16,4762020Revenue 2021: $1,930,788Expenses 2021: $1,623,661Net Income 2021: $307,1272021Revenue 2022: $2,035,446Expenses 2022: $2,133,319Net Income 2022: -$97,8732022Revenue 2023: $2,260,628Expenses 2023: $2,230,815Net Income 2023: $29,8132023Revenue 2024: $2,183,400Expenses 2024: $2,276,764Net Income 2024: -$93,3642024Revenue 2025: $1,763,741Expenses 2025: $2,155,003Net Income 2025: -$391,2622025

Highlighted filing

2019

Revenue$2,674,525
Expenses$2,362,487
Net Income$312,038
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 2, 2020
Return Version
2018v3.1
Gross Receipts
$2,678,012
Mission and Program Overview

Mission

Inforum accelerates careers for women and is a catalyst that removes barriers and increases opportunity.

Inforum focuses on accelerating careers for women, providing original research and facilitating gender equity in business leadership through educational programs, networking, leadership and volunteer opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$927,817$1,578,947▲ $651,130
Investments in Publicly Traded Securities$1,332,661$1,404,301▲ $71,640
Cash and Non-Interest-Bearing Accounts$863,019$413,985▼ $449,034
Pledges and Grants Receivable$477,030$399,443▼ $77,587
Accounts Receivable$27,950$68,830▲ $40,880
Prepaid Expenses and Deferred Charges$37,195$42,987▲ $5,792
Land, Buildings, and Equipment, Net$70,299$31,020▼ $39,279
Total Assets$3,796,718$3,993,195▲ $196,477
Other Assets Total$60,747$53,682▼ $7,065
Liabilities
Accounts Payable and Accrued Expenses$254,595$382,667▲ $128,072
Deferred Revenue$221,059$49,285▼ $171,774
Total Liabilities$475,654$431,952▼ $43,702
Net Assets / Fund Balance
Unrestricted Net Assets$2,795,342$2,946,351▲ $151,009
Temporarily Rstr Net Assets$525,722$614,892▲ $89,170
Total Net Assets Fund Balance$3,321,064$3,561,243▲ $240,179
Total Liabilities and Net Assets / Fund Balance$3,796,718$3,993,195▲ $196,477

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$31,020$264,504$295,524
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terry BarclayPresident and CEOFT$332,440$11,324$343,764
Carole Leigh HuttonVP, Business Development & MarketingFT$123,350$12,735$136,085
Rebecca Pucket WoodVP, Corporate & Member EngagementFT$104,707$9,191$113,898
Michele SheltonVP, Leadership DevelopmentFT$102,248$8,787$111,035

Board Members and Trustees

NameTitle
Maximiliane StraubChair
Jeneanne HanleyVice Chair
Aleksandra MiziolekDirector
Amy BeasleyDirector
Anne Marie MonetteDirector
Beth CorreaDirector
Bonnie Van EttenDirector
Brenda McmahonDirector
Carol FriendDirector
Cheri AlexanderDirector
Chris BarmanDirector
Christine SitekDirector
Debra MintonDirector
Diane CharlesDirector
George LenyoDirector
Gina ColemanDirector
Gina MetrakasDirector
Gina StaudacherDirector
Heather RivardDirector
Janice CosbyDirector
Joyce JenereauxDirector
Kiersten RobinsonDirector
Kim HanrahanDirector
Kimberly Keaton WilliamsDirector
Kristin SmallwoodDirector
LIZBETH O'SHAUGHNESSYDirector
Lynette CollinsDirector
MAUREEN D'AGOSTINODirector
Mary ZuckermanDirector
Melissa CollarDirector
Pamela RiesDirector
Rhonda LaurencelleDirector
Ronia KruseDirector
Shari BurgessDirector
Stacey HaasDirector
Teresa KlineDirector
Terry MerrittDirector
Tracy ArceciDirector
Vivian PickardDirector
Susan HawkinsSecretary
Jamie SimpsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
University Of MichiganVp, Signature Programs & Communications400 RENAISSANCE CENTER STE 2155, Detroit, MI 48243$132,500
-Program Expenses710 E UNIVERSITY 4TH FLOOR, Ann Arbor, MI 48109$113,340
Revenue and Support

Revenue Composition

Contributions and Grants
$1,518,064
Program Service Revenue
$1,078,727
Investment Income
$77,734
Other Revenue
$0
All Other Contributions
$1,518,064
Change in Net Assets
$312,038

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,495,367
Revenue Not Reported on Financial Statements
$179,158
Revenue Not Reported on Form 990
$38,006
Other Revenue Adjustments
$166,139
Total Revenue per Audited Statements
$2,533,373
Total Revenue per Form 990
$2,674,525
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,302,462
Other Expenses$1,060,025
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$760,336$74,409-$834,745
Current Officers, Directors, Trustees, and Key Employees$318,586$31,178-$349,764
All Other Expenses$71,740$2,584-$74,324
Payroll Taxes$62,196$6,151-$68,347
Depreciation Depletion$46,022$4,552-$50,574
Other Employee Benefits$31,239$5,484-$36,723
Information Technology$32,735$3,237-$35,972
Conferences and Meetings$32,716$3,235-$35,951
Other Expenses$28,560$2,825-$31,385
Occupancy$19,936$10,859-$30,795
Advertising$17,012$1,682-$18,694
Fees for Service Investment Mgmnt Fees-$13,019-$13,019
Pension Plan Contributions$12,883--$12,883
Fees for Services Accounting$9,420$1,580-$11,000
Insurance$9,838--$9,838
Fees for Services Other$1,555--$1,555
Total Functional Expenses$2,201,692$160,795$0$2,362,487

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,459,332
Total Expenses per Form 990$2,362,487
Expenses per Audited Statements$2,349,468
Expenses Not Reported on Form 990$109,864
Expenses Not Reported on Financial Statements$13,019
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
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11B

“A final draft of the 990 was presented to, and reviewed and accepted by, the members of the board of directors at a quarterly meeting.”

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

“Organization conducts annual meetings with officers, directors, and key employees to ensure compliance.”

Form 990, Part VI, Section B, Line 15

“The officer's compensation is determined by the executive committee following recommendations from an independent compensation consultant and salary survey comparisons. The compensation for the ceo/executive director and key employees is approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Inforum
EIN
30-0101343
Phone
3135670232
Address
400 RENAISSANCE CENTER NO 2155, DETROIT, MI 48243

Signing Officer

Name
Terry Barclay
Title
President
Phone
3135783230
Signed
2020-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Barclay
Formed
2002
Legal Domicile
Mi
Voting Board Members
42
Independent Board Members
41
Employees
11
Volunteers
400

Preparer

Firm
Grant Millman & Johnson Pc
Address
39475 W 13 MILE RD SUITE 200, NOVI, MI 48377
Preparer
Steven G Boggs CPA
Phone
2489948500
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Reconciling difference 2,639. Prior period adjustment on fs not on 990 163,500.”

Raw XML AppendixShowing 400 of 744 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm1JENEANNE HANLEY
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMIE SIMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm3CHRIS BARMAN
IRS990/Form990PartVIISectionAGrp/PersonNm4SHARI BURGESS
IRS990/Form990PartVIISectionAGrp/PersonNm5SUSAN HAWKINS
IRS990/Form990PartVIISectionAGrp/PersonNm6RHONDA LAURENCELLE
IRS990/Form990PartVIISectionAGrp/PersonNm7GEORGE LENYO
IRS990/Form990PartVIISectionAGrp/PersonNm8ALEKSANDRA MIZIOLEK
IRS990/Form990PartVIISectionAGrp/PersonNm9MARY ZUCKERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm10CHERI ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm11DIANE CHARLES
IRS990/Form990PartVIISectionAGrp/PersonNm12GINA COLEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm13MELISSA COLLAR
IRS990/Form990PartVIISectionAGrp/PersonNm14LYNETTE COLLINS
IRS990/Form990PartVIISectionAGrp/PersonNm15BETH CORREA
IRS990/Form990PartVIISectionAGrp/PersonNm16JANICE COSBY
IRS990/Form990PartVIISectionAGrp/PersonNm17MAUREEN D'AGOSTINO
IRS990/Form990PartVIISectionAGrp/PersonNm18CAROL FRIEND
IRS990/Form990PartVIISectionAGrp/PersonNm19STACEY HAAS
IRS990/Form990PartVIISectionAGrp/PersonNm20KIM HANRAHAN
IRS990/Form990PartVIISectionAGrp/PersonNm21JOYCE JENEREAUX
IRS990/Form990PartVIISectionAGrp/PersonNm22KIMBERLY KEATON WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm23TRACY ARCECI
IRS990/Form990PartVIISectionAGrp/PersonNm24TERESA KLINE
IRS990/Form990PartVIISectionAGrp/PersonNm25RONIA KRUSE
IRS990/Form990PartVIISectionAGrp/PersonNm26AMY BEASLEY
IRS990/Form990PartVIISectionAGrp/PersonNm27BONNIE VAN ETTEN
IRS990/Form990PartVIISectionAGrp/PersonNm28BRENDA MCMAHON
IRS990/Form990PartVIISectionAGrp/PersonNm29TERRY MERRITT
IRS990/Form990PartVIISectionAGrp/PersonNm30GINA METRAKAS
IRS990/Form990PartVIISectionAGrp/PersonNm31DEBRA MINTON
IRS990/Form990PartVIISectionAGrp/PersonNm32ANNE MARIE MONETTE
IRS990/Form990PartVIISectionAGrp/PersonNm33LIZBETH O'SHAUGHNESSY
IRS990/Form990PartVIISectionAGrp/PersonNm34VIVIAN PICKARD
IRS990/Form990PartVIISectionAGrp/PersonNm35PAMELA RIES
IRS990/Form990PartVIISectionAGrp/PersonNm36HEATHER RIVARD
IRS990/Form990PartVIISectionAGrp/PersonNm37KIERSTEN ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm38CHRISTINE SITEK
IRS990/Form990PartVIISectionAGrp/PersonNm39KRISTIN SMALLWOOD
IRS990/Form990PartVIISectionAGrp/PersonNm40GINA STAUDACHER
IRS990/Form990PartVIISectionAGrp/PersonNm41TERRY BARCLAY
IRS990/Form990PartVIISectionAGrp/PersonNm42CAROLE LEIGH HUTTON
IRS990/Form990PartVIISectionAGrp/PersonNm43MICHELE SHELTON
IRS990/Form990PartVIISectionAGrp/PersonNm44REBECCA PUCKET WOOD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt440
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,993,195
Liabilities
$431,952
Net assets
$3,561,243
Revenue
$2,674,525
Expenses
$2,362,487
Net income
$312,038
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.11$0.54$3.57$1.76$2.16$0.39
2024Detailed filing. Detailed filing data is available for this year.$4.31$0.49$3.82$2.18$2.28$0.09
2023Detailed filing. Detailed filing data is available for this year.$4.29$0.48$3.81$2.26$2.23$0.03
2022Detailed filing. Detailed filing data is available for this year.$3.98$0.42$3.56$2.04$2.13$0.10
2021Detailed filing. Detailed filing data is available for this year.$4.23$0.27$3.96$1.93$1.62$0.31
2020Detailed filing. Detailed filing data is available for this year.$3.83$0.38$3.45$1.76$1.77$0.02
2019Detailed filing. Detailed filing data is available for this year.$3.99$0.43$3.56$2.67$2.36$0.31
2018Detailed filing. Detailed filing data is available for this year.$3.80$0.48$3.32$2.56$2.34$0.23
2016Detailed filing. Detailed filing data is available for this year.$1.53$0.26$1.27$1.19$1.28$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.56$0.16$1.40$1.24$1.20$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.45$0.06$1.40$1.16$1.13$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.18$0.93$1.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.13$0.78$0.87
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.05$0.68$0.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.06$0.63$0.47