Civic Intelligence

Inforum

990 • Fiscal year 2022 • EIN 30-0101343

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 31, 2023

Organization ProfileWWW.INFORUMMICHIGAN.ORG
400 Renaissance Center 2155Detroit, MI 48243

(313) 567-0232

Siviq Scores

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

Liabilities / Assets

57th percentile

0.11x

Higher debt load relative to assets than 57% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.21x

Higher debt load relative to revenue than 66% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

26th percentile

-4.8%

Higher net margin than 26% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

96th percentile

$371,161

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 18.2% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

27th percentile

-6.1%

Faster asset growth than 27% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

50th percentile

5.4%

Faster revenue growth than 50% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$3,977,241

Down $257,443 (-6.1%) from 2021

Net Assets

Down

$3,557,869

Down $402,162 (-10%) from 2021

Liabilities

Up

$419,372

Up $144,719 (+53%) from 2021

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin26th percentile

Revenue

Up

$2,035,446

Up $104,658 (+5.4%) from 2021

Expenses

Up

$2,133,319

Up $509,658 (+31%) from 2021

Net Income

Down

-$97,873

Down $405,000 (-132%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth27th 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

2022

Assets$3,977,241
Liabilities$419,372
Net Assets$3,557,869
Open 2022 Filing

Operations Trend

Revenue Growth50th 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

2022

Revenue$2,035,446
Expenses$2,133,319
Net Income-$97,873
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 31, 2023
Return Version
2021v4.2
Gross Receipts
$2,130,369
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$1,680,577$1,680,908▲ $331
Investments in Publicly Traded Securities$1,784,539$1,595,760▼ $188,779
Cash and Non-Interest-Bearing Accounts$427,504$390,940▼ $36,564
Pledges and Grants Receivable$237,654$153,326▼ $84,328
Accounts Receivable$3,500$66,380▲ $62,880
Prepaid Expenses and Deferred Charges$20,343$23,509▲ $3,166
Land, Buildings, and Equipment, Net$20,696$13,443▼ $7,253
Total Assets$4,234,684$3,977,241▼ $257,443
Other Assets Total$59,871$52,975▼ $6,896
Liabilities
Accounts Payable and Accrued Expenses$196,459$216,628▲ $20,169
Deferred Revenue$78,194$202,744▲ $124,550
Total Liabilities$274,653$419,372▲ $144,719
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,541,377$3,081,881▼ $459,496
Net Assets With Donor Restrictions$418,654$475,988▲ $57,334
Total Net Assets Fund Balance$3,960,031$3,557,869▼ $402,162
Total Liabilities and Net Assets / Fund Balance$4,234,684$3,977,241▼ $257,443

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,443$242,368$255,811
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terry BarclayPresident and CEOFT$350,416$20,745$371,161
Carole Leigh HuttonVP, Business Development &FT$127,010$10,358$137,368
Rebecca Pucket WoodVP, Corporate & Member EngFT$116,597$9,994$126,591
Lorrena BlackVP, Leadership DevelopmentFT$106,375$4,499$110,874

Board Members and Trustees

NameTitle
Kiersten RobinsonChair
Jamie SimpsonVice Chair
Amy SchultzDirector
Andrew DoyleDirector
Angie PaauweDirector
Anne Marie MonetteDirector
Beth CorreaDirector
Brenda McmahonDirector
Brian KrausDirector
Carrie LeahyDirector
Catherine BehrenbrinkerDirector
Cheri AlexanderDirector
Christina CoplenDirector
Christine SitekDirector
George LenyoDirector
Gianna FerrarottiDirector
Gina ColemanDirector
Gina StaudacherDirector
Grace TruemanDirector
Gretchen HollowayDirector
Jeneanne HanleyDirector
Jill DarkDirector
Joanna TotskyDirector
Jonathan DegaynorDirector
Karen FolgerDirector
Kimberly Keaton WilliamsDirector
Kristin SmallwoodDirector
Kristin SupancichDirector
Laura YouDirector
Lynette CollinsDirector
MAUREEN D'AGOSTINODirector
Mandy RiceDirector
Maximiliane StraubDirector
Melissa CollarDirector
Michelle Johnson TidjaniDirector
Raz LewisDirector
Rhonda LaurencelleDirector
Ronia KruseDirector
Sandy StojkovskiDirector
Sean SilverDirector
Shari BurgessDirector
Trina ScottDirector
Pamela RiesSecretary
Bonnie Van EttenTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Siren PrVp, Signature Programs & Communications400 RENAISSANCE CENTER STE 2155, Detroit, MI 48243$138,625
-Pr & Communications Consulting306 S WASHINGTON AVE STE 226, Royal Oak, MI 48067$100,825
Revenue and Support

Revenue Composition

Contributions and Grants
$1,391,038
Program Service Revenue
$600,140
Investment Income
$44,268
Other Revenue
$0
All Other Contributions
$1,391,038
Change in Net Assets
$-97,873

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,021,042
Revenue Not Reported on Financial Statements
$14,404
Revenue Not Reported on Form 990
$-201,924
Total Revenue per Audited Statements
$1,819,118
Total Revenue per Form 990
$2,035,446
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,311,282
Other Expenses$822,037
Total Fundraising Expense$275,717
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$594,843$73,337$146,673$814,853
Current Officers, Directors, Trustees, and Key Employees$285,624$35,214$70,428$391,266
Payroll Taxes$50,402$6,214$12,428$69,044
Other Expenses$41,231$8,246$5,498$54,975
All Other Expenses$44,712$2,910$5,739$53,361
Information Technology$33,091$4,078$8,160$45,329
Advertising$28,661$3,534$7,067$39,262
Travel$17,363$2,141$4,281$23,785
Other Employee Benefits$14,042$1,731$3,462$19,235
Pension Plan Contributions$12,325$1,520$3,039$16,884
Fees for Services Accounting$11,122$1,372$2,742$15,236
Fees for Service Investment Mgmnt Fees-$14,404-$14,404
Occupancy$10,193$1,257$2,513$13,963
Insurance$8,625$1,023$2,127$11,775
Depreciation Depletion$6,328$781$1,560$8,669
Total Functional Expenses$1,699,840$157,762$275,717$2,133,319

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,221,280
Total Expenses per Form 990$2,133,319
Expenses per Audited Statements$2,118,915
Expenses Not Reported on Form 990$102,365
Expenses Not Reported on Financial Statements$14,404
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 2155, DETROIT, MI 48243

Signing Officer

Name
Terry Barclay
Title
President
Phone
3135783230
Signed
2023-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Barclay
Formed
2002
Legal Domicile
Mi
Voting Board Members
45
Independent Board Members
44
Employees
9
Volunteers
350

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 774 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/PersonNm3PAMELA RIES
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
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IRS990/Form990PartVIISectionAGrp/PersonNm12JONATHAN DEGAYNOR
IRS990/Form990PartVIISectionAGrp/PersonNm13ANDREW DOYLE
IRS990/Form990PartVIISectionAGrp/PersonNm14GIANNA FERRAROTTI
IRS990/Form990PartVIISectionAGrp/PersonNm15KAREN FOLGER
IRS990/Form990PartVIISectionAGrp/PersonNm16LYNETTE COLLINS
IRS990/Form990PartVIISectionAGrp/PersonNm17JENEANNE HANLEY
IRS990/Form990PartVIISectionAGrp/PersonNm18CHRISTINA COPLEN
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/PersonNm30JILL DARK
IRS990/Form990PartVIISectionAGrp/PersonNm31ANGIE PAAUWE
IRS990/Form990PartVIISectionAGrp/PersonNm32TRINA SCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm33SEAN SILVER
IRS990/Form990PartVIISectionAGrp/PersonNm34CHRISTINE SITEK
IRS990/Form990PartVIISectionAGrp/PersonNm35KRISTIN SMALLWOOD
IRS990/Form990PartVIISectionAGrp/PersonNm36AMY SCHULTZ
IRS990/Form990PartVIISectionAGrp/PersonNm37GINA STAUDACHER
IRS990/Form990PartVIISectionAGrp/PersonNm38SANDY STOJKOVSKI
IRS990/Form990PartVIISectionAGrp/PersonNm39KRISTIN SUPANCICH
IRS990/Form990PartVIISectionAGrp/PersonNm40MICHELLE JOHNSON TIDJANI
IRS990/Form990PartVIISectionAGrp/PersonNm41JOANNA TOTSKY
IRS990/Form990PartVIISectionAGrp/PersonNm42GRACE TRUEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm43TERRY BARCLAY
IRS990/Form990PartVIISectionAGrp/PersonNm44LAURA YOU
IRS990/Form990PartVIISectionAGrp/PersonNm45REBECCA PUCKET WOOD
IRS990/Form990PartVIISectionAGrp/PersonNm46CAROLE LEIGH HUTTON
IRS990/Form990PartVIISectionAGrp/PersonNm47LORRENA BLACK
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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,977,241
Liabilities
$419,372
Net assets
$3,557,869
Revenue
$2,035,446
Expenses
$2,133,319
Net income
-$97,873
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