Civic Intelligence

Inforum

990 • Fiscal year 2021 • EIN 30-0101343

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 15, 2022

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

49th percentile

0.06x

Higher debt load relative to assets than 49% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

58th percentile

0.14x

Higher debt load relative to revenue than 58% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

56th percentile

16%

Higher net margin than 56% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

95th percentile

$322,815

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 16.7% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

53rd percentile

11%

Faster asset growth than 53% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

47th percentile

9.8%

Faster revenue growth than 47% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$4,234,684

Up $405,973 (+11%) from 2020

Net Assets

Up

$3,960,031

Up $512,109 (+15%) from 2020

Liabilities

Down

$274,653

Down $106,136 (-28%) from 2020

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin56th percentile

Revenue

Up

$1,930,788

Up $172,368 (+9.8%) from 2020

Expenses

Down

$1,623,661

Down $151,235 (-8.5%) from 2020

Net Income

Up

$307,127

Up $323,603 (+1964%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2021

Assets$4,234,684
Liabilities$274,653
Net Assets$3,960,031
Open 2021 Filing

Operations Trend

Revenue Growth47th 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

2021

Revenue$1,930,788
Expenses$1,623,661
Net Income$307,127
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 15, 2022
Return Version
2020v4.2
Gross Receipts
$2,053,022
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
Investments in Publicly Traded Securities$1,431,886$1,784,539▲ $352,653
Savings and Temporary Cash Investments$1,580,255$1,680,577▲ $100,322
Cash and Non-Interest-Bearing Accounts$318,548$427,504▲ $108,956
Pledges and Grants Receivable$394,672$237,654▼ $157,018
Land, Buildings, and Equipment, Net$34,626$20,696▼ $13,930
Prepaid Expenses and Deferred Charges$22,828$20,343▼ $2,485
Accounts Receivable$1,500$3,500▲ $2,000
Total Assets$3,828,711$4,234,684▲ $405,973
Other Assets Total$44,396$59,871▲ $15,475
Liabilities
Accounts Payable and Accrued Expenses$256,036$196,459▼ $59,577
Deferred Revenue$124,753$78,194▼ $46,559
Total Liabilities$380,789$274,653▼ $106,136
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,023,250$3,541,377▲ $518,127
Net Assets With Donor Restrictions$424,672$418,654▼ $6,018
Total Net Assets Fund Balance$3,447,922$3,960,031▲ $512,109
Total Liabilities and Net Assets / Fund Balance$3,828,711$4,234,684▲ $405,973

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$20,696$275,025$295,721
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terry BarclayPresident and CEOFT$304,403$18,412$322,815
Carole Leigh HuttonVP, Business Development &FT$127,010$12,596$139,606

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Cynthia GoodakerVp, Signature Programs & Communications400 RENAISSANCE CENTER STE 2155, Detroit, MI 48243$130,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,352,929
Program Service Revenue
$499,318
Investment Income
$78,541
Other Revenue
$0
All Other Contributions
$1,352,929
Change in Net Assets
$307,127

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,918,222
Revenue Not Reported on Financial Statements
$12,566
Revenue Not Reported on Form 990
$306,612
Total Revenue per Audited Statements
$2,224,834
Total Revenue per Form 990
$1,930,788
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,189,797
Other Expenses$433,864
Total Fundraising Expense$243,591
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$541,529$75,212$135,382$752,123
Current Officers, Directors, Trustees, and Key Employees$234,668$32,600$58,680$325,948
Payroll Taxes$46,763$6,469$11,643$64,875
Information Technology$43,104$5,987$10,776$59,867
All Other Expenses$34,166$1,326$2,361$37,853
Other Employee Benefits$19,744$2,754$4,956$27,454
Other Expenses$25,379--$25,379
Conferences and Meetings$19,411$1,573$2,831$23,815
Pension Plan Contributions$13,951$1,945$3,501$19,397
Occupancy$13,076$1,816$3,269$18,161
Fees for Services Accounting$10,147$2,104$3,787$16,038
Depreciation Depletion$9,189$1,276$2,297$12,762
Fees for Service Investment Mgmnt Fees-$12,567-$12,567
Advertising$8,350$1,171$2,106$11,627
Insurance$8,504$1,113$2,002$11,619
Total Functional Expenses$1,232,157$147,913$243,591$1,623,661

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,712,725
Total Expenses per Form 990$1,623,661
Expenses per Audited Statements$1,611,095
Expenses Not Reported on Form 990$101,630
Expenses Not Reported on Financial Statements$12,566
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
2022-04-15
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
9
Volunteers
351

Preparer

Firm
Grant Millman & Johnson Pc
Address
39475 W 13 MILE RD SUITE 200, NOVI, MI 48377
Preparer
Steven G Boggs CPA
Phone
2489948500
Raw XML AppendixShowing 400 of 743 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/ActivityOrMissionDesc0INFORUM FOCUSES ON ACCELERATING CAREERS FOR WOMEN, PROVIDING ORIGINAL RESEARCH AND FACILITATING GENDER EQUITY IN BUSINESS LEADERSHIP THROUGH EDUCATIONAL PROGRAMS, NETWORKING, LEADERSHIP AND VOLUNTEER OPPORTUNITIES.
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IRS990/Form990PartVIISectionAGrp/PersonNm1JAMIE SIMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm2BONNIE VAN ETTEN
IRS990/Form990PartVIISectionAGrp/PersonNm3LYNETTE COLLINS
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/PersonNm10MAXIMILIANE STRAUB
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/PersonNm28BRIAN KRAUS
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/PersonNm42AMY MCCLAIN
IRS990/Form990PartVIISectionAGrp/PersonNm43TERRY BARCLAY
IRS990/Form990PartVIISectionAGrp/PersonNm44CAROLE LEIGH HUTTON
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt440
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,234,684
Liabilities
$274,653
Net assets
$3,960,031
Revenue
$1,930,788
Expenses
$1,623,661
Net income
$307,127
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