Civic Intelligence

Inforum

990 • Fiscal year 2020 • EIN 30-0101343

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 23, 2021

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

50th percentile

0.10x

Higher debt load relative to assets than 50% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

61st percentile

0.22x

Higher debt load relative to revenue than 61% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

35th percentile

-0.9%

Higher net margin than 35% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

95th percentile

$345,539

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 19.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

17th percentile

-4.1%

Faster asset growth than 17% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

14th percentile

-34%

Faster revenue growth than 14% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets50th percentile

Assets

Down

$3,828,711

Down $164,484 (-4.1%) from 2019

Net Assets

Down

$3,447,922

Down $113,321 (-3.2%) from 2019

Liabilities

Down

$380,789

Down $51,163 (-12%) from 2019

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin35th percentile

Revenue

Down

$1,758,420

Down $916,105 (-34%) from 2019

Expenses

Down

$1,774,896

Down $587,591 (-25%) from 2019

Net Income

Down

-$16,476

Down $328,514 (-105%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth17th 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

2020

Assets$3,828,711
Liabilities$380,789
Net Assets$3,447,922
Open 2020 Filing

Operations Trend

Revenue Growth14th 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

2020

Revenue$1,758,420
Expenses$1,774,896
Net Income-$16,476
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 23, 2021
Return Version
2019v5.2
Gross Receipts
$1,767,771
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$1,578,947$1,580,255▲ $1,308
Investments in Publicly Traded Securities$1,404,301$1,431,886▲ $27,585
Pledges and Grants Receivable$399,443$394,672▼ $4,771
Cash and Non-Interest-Bearing Accounts$413,985$318,548▼ $95,437
Land, Buildings, and Equipment, Net$31,020$34,626▲ $3,606
Prepaid Expenses and Deferred Charges$42,987$22,828▼ $20,159
Accounts Receivable$68,830$1,500▼ $67,330
Total Assets$3,993,195$3,828,711▼ $164,484
Other Assets Total$53,682$44,396▼ $9,286
Liabilities
Accounts Payable and Accrued Expenses$382,667$256,036▼ $126,631
Deferred Revenue$49,285$124,753▲ $75,468
Total Liabilities$431,952$380,789▼ $51,163
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,946,351$3,023,250▲ $76,899
Net Assets With Donor Restrictions$614,892$424,672▼ $190,220
Total Net Assets Fund Balance$3,561,243$3,447,922▼ $113,321
Total Liabilities and Net Assets / Fund Balance$3,993,195$3,828,711▼ $164,484

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$34,626$269,436$304,062
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terry BarclayPresident and CEOFT$292,183$53,356$345,539
Carole Leigh HuttonVP, Business Development &FT$131,497$12,682$144,179
Rebecca Pucket WoodVP, Corporate & Member EngFT$112,630$9,320$121,950
Michele SheltonVP, Leadership DevelopmentFT$109,508$8,749$118,257

Board Members and Trustees

NameTitle
Maximiliane StraubChair
Kiersten RobinsonVice Chair
Andrew DoyleDirector
Anne Marie MonetteDirector
Beth CorreaDirector
Bonnie Van EttenDirector
Brenda McmahonDirector
Carol FriendDirector
Carrie LeahyDirector
Catherine BehrenbrinkerDirector
Cheri AlexanderDirector
Christine SitekDirector
George LenyoDirector
Gianna FerrarottiDirector
Gina ColemanDirector
Gina StaudacherDirector
Gretchen HollowayDirector
Heather RivardDirector
Janice Cosby AdamsDirector
Jeneanne HanleyDirector
Joanna TotskyDirector
Jonathan DegaynorDirector
Karen FolgerDirector
Kasie SmithDirector
Kim HanrahanDirector
Kimberly Keaton WilliamsDirector
Kristin SmallwoodDirector
Kristin SupancichDirector
LIZBETH O'SHAUGHNESSYDirector
MAUREEN D'AGOSTINODirector
Mandy RiceDirector
Melissa CollarDirector
Michelle Johnson TidjaniDirector
Pamela RiesDirector
Raz LewisDirector
Rhonda LaurencelleDirector
Ronia KruseDirector
Sandy StojkovskiDirector
Sean SilverDirector
Shari BurgessDirector
Trina ScottDirector
Lynette CollinsSecretary
Jamie SimpsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cynthia GoodakerVp, Signature Programs & Communications400 RENAISSANCE CENTER STE 2155, Detroit, MI 48243$135,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,123,820
Program Service Revenue
$576,846
Investment Income
$57,754
Other Revenue
$0
All Other Contributions
$1,123,820
Change in Net Assets
$-16,476

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,747,270
Revenue Not Reported on Financial Statements
$11,150
Revenue Not Reported on Form 990
$685
Other Revenue Adjustments
$-2
Total Revenue per Audited Statements
$1,747,955
Total Revenue per Form 990
$1,758,420
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,193,967
Other Expenses$580,929
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$664,785$63,932-$728,717
Current Officers, Directors, Trustees, and Key Employees$349,995$4,299-$354,294
Payroll Taxes$62,290$4,259-$66,549
All Other Expenses$40,059$1,110-$41,169
Other Employee Benefits$24,635$3,924-$28,559
Other Expenses$24,529$2,119-$26,648
Information Technology$24,326$1,688-$26,014
Advertising$20,228$1,383-$21,611
Occupancy$12,929$7,029-$19,958
Travel$15,501$1,060-$16,561
Pension Plan Contributions$15,848--$15,848
Fees for Services Accounting-$13,860-$13,860
Insurance$11,690$1,267-$12,957
Depreciation Depletion$10,537$720-$11,257
Fees for Service Investment Mgmnt Fees-$11,152-$11,152
Total Functional Expenses$1,657,094$117,802$0$1,774,896

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,858,637
Total Expenses per Form 990$1,774,896
Expenses per Audited Statements$1,760,472
Expenses Not Reported on Form 990$98,165
Expenses Not Reported on Financial Statements$14,424
Other Expense Adjustments$3,272
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 35% controlled entity
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
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
2021-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Barclay
Formed
2002
Legal Domicile
Mi
Voting Board Members
44
Independent Board Members
43
Employees
10
Volunteers
356

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

Additional Explanations

FORM 990, PART XI, LINE 9:

“Reconciling difference 635.”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Reconciling difference -2.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Reconciling difference 3,272.”

Raw XML AppendixShowing 400 of 747 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/PersonNm1JAMIE SIMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm2LYNETTE COLLINS
IRS990/Form990PartVIISectionAGrp/PersonNm3KIERSTEN ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm4CHERI ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm5CATHERINE BEHRENBRINKER
IRS990/Form990PartVIISectionAGrp/PersonNm6SHARI BURGESS
IRS990/Form990PartVIISectionAGrp/PersonNm7GINA COLEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm8MELISSA COLLAR
IRS990/Form990PartVIISectionAGrp/PersonNm9BETH CORREA
IRS990/Form990PartVIISectionAGrp/PersonNm10JANICE COSBY ADAMS
IRS990/Form990PartVIISectionAGrp/PersonNm11MAUREEN D'AGOSTINO
IRS990/Form990PartVIISectionAGrp/PersonNm12JONATHAN DEGAYNOR
IRS990/Form990PartVIISectionAGrp/PersonNm13ANDREW DOYLE
IRS990/Form990PartVIISectionAGrp/PersonNm14GIANNA FERRAROTTI
IRS990/Form990PartVIISectionAGrp/PersonNm15KAREN FOLGER
IRS990/Form990PartVIISectionAGrp/PersonNm16CAROL FRIEND
IRS990/Form990PartVIISectionAGrp/PersonNm17JENEANNE HANLEY
IRS990/Form990PartVIISectionAGrp/PersonNm18KIM HANRAHAN
IRS990/Form990PartVIISectionAGrp/PersonNm19GRETCHEN HOLLOWAY
IRS990/Form990PartVIISectionAGrp/PersonNm20KIMBERLY KEATON WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm21RONIA KRUSE
IRS990/Form990PartVIISectionAGrp/PersonNm22RHONDA LAURENCELLE
IRS990/Form990PartVIISectionAGrp/PersonNm23CARRIE LEAHY
IRS990/Form990PartVIISectionAGrp/PersonNm24GEORGE LENYO
IRS990/Form990PartVIISectionAGrp/PersonNm25RAZ LEWIS
IRS990/Form990PartVIISectionAGrp/PersonNm26BRENDA MCMAHON
IRS990/Form990PartVIISectionAGrp/PersonNm27ANNE MARIE MONETTE
IRS990/Form990PartVIISectionAGrp/PersonNm28LIZBETH O'SHAUGHNESSY
IRS990/Form990PartVIISectionAGrp/PersonNm29MANDY RICE
IRS990/Form990PartVIISectionAGrp/PersonNm30PAMELA RIES
IRS990/Form990PartVIISectionAGrp/PersonNm31HEATHER RIVARD
IRS990/Form990PartVIISectionAGrp/PersonNm32TRINA SCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm33SEAN SILVER
IRS990/Form990PartVIISectionAGrp/PersonNm34CHRISTINE SITEK
IRS990/Form990PartVIISectionAGrp/PersonNm35KRISTIN SMALLWOOD
IRS990/Form990PartVIISectionAGrp/PersonNm36KASIE SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm37GINA STAUDACHER
IRS990/Form990PartVIISectionAGrp/PersonNm38SANDY STOJKOVSKI
IRS990/Form990PartVIISectionAGrp/PersonNm39KRISTIN SUPANCICH
IRS990/Form990PartVIISectionAGrp/PersonNm40MICHELLE JOHNSON TIDJANI
IRS990/Form990PartVIISectionAGrp/PersonNm41JOANNA TOTSKY
IRS990/Form990PartVIISectionAGrp/PersonNm42BONNIE VAN ETTEN
IRS990/Form990PartVIISectionAGrp/PersonNm43TERRY BARCLAY
IRS990/Form990PartVIISectionAGrp/PersonNm44REBECCA PUCKET WOOD
IRS990/Form990PartVIISectionAGrp/PersonNm45MICHELE SHELTON
IRS990/Form990PartVIISectionAGrp/PersonNm46CAROLE LEIGH HUTTON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt460
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,828,711
Liabilities
$380,789
Net assets
$3,447,922
Revenue
$1,758,420
Expenses
$1,774,896
Net income
-$16,476
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