Civic Intelligence

Inforum

990 • Fiscal year 2023 • EIN 30-0101343

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 12, 2024

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

58th percentile

0.11x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

66th percentile

0.21x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

43rd percentile

1.3%

Higher net margin than 43% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

96th percentile

$380,843

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 16.8% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

58th percentile

7.8%

Faster asset growth than 58% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$4,286,321

Up $309,080 (+7.8%) from 2022

Net Assets

Up

$3,805,217

Up $247,348 (+7.0%) from 2022

Liabilities

Up

$481,104

Up $61,732 (+15%) from 2022

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin43rd percentile

Revenue

Up

$2,260,628

Up $225,182 (+11%) from 2022

Expenses

Up

$2,230,815

Up $97,496 (+4.6%) from 2022

Net Income

Up

$29,813

Up $127,686 (+130%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth58th 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

2023

Assets$4,286,321
Liabilities$481,104
Net Assets$3,805,217
Open 2023 Filing

Operations Trend

Revenue Growth57th 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

2023

Revenue$2,260,628
Expenses$2,230,815
Net Income$29,813
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 12, 2024
Return Version
2022v5.0
Gross Receipts
$2,446,921
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$1,595,760$1,748,334▲ $152,574
Savings and Temporary Cash Investments$1,680,908$1,681,239▲ $331
Cash and Non-Interest-Bearing Accounts$390,940$463,999▲ $73,059
Pledges and Grants Receivable$153,326$241,234▲ $87,908
Accounts Receivable$66,380$50,800▼ $15,580
Prepaid Expenses and Deferred Charges$23,509$27,535▲ $4,026
Land, Buildings, and Equipment, Net$13,443$13,556▲ $113
Total Assets$3,977,241$4,286,321▲ $309,080
Other Assets Total$52,975$59,624▲ $6,649
Liabilities
Deferred Revenue$202,744$261,451▲ $58,707
Accounts Payable and Accrued Expenses$216,628$219,653▲ $3,025
Total Liabilities$419,372$481,104▲ $61,732
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,081,881$3,407,407▲ $325,526
Net Assets With Donor Restrictions$475,988$397,810▼ $78,178
Total Net Assets Fund Balance$3,557,869$3,805,217▲ $247,348
Total Liabilities and Net Assets / Fund Balance$3,977,241$4,286,321▲ $309,080

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,556$247,816$261,372
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terry BarclayPresident and CEOFT$364,639$16,204$380,843
Rebecca Pucket WoodVP, Corporate & Member EngFT$128,418$9,870$138,288
Lorrena BlackVP, Leadership DevelopmentFT$108,050$4,819$112,869

Board Members and Trustees

NameTitle
Kiersten RobinsonChair
Jamie SimpsonVice Chair
Amy SchultzDirector
Andrew DoyleDirector
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
Marianne VidershainDirector
Melissa CollarDirector
Michelle IlitchDirector
Michelle Johnson TidjaniDirector
Raz LewisDirector
Rhonda LaurencelleDirector
Ronia KruseDirector
Sandra GaddyDirector
Sandy StojkovskiDirector
Sean SilverDirector
Trina ScottDirector
Maximiliane StraubOfficer
Pamela RiesSecretary
Bonnie Van EttenTreasurer
Carole Leigh HuttonVP, Business Development &

Highest Paid Contractors

ContractorServicesLocationCompensation
2gathrDigital Marketing1221 BOWERS ST 1754, Birmingham, MI 48012$160,092
Cynthia GoodakerPr & Communications Consulting400 RENAISSANCE CENTER STE 2155, Detroit, MI 48243$140,625
Revenue and Support

Revenue Composition

Contributions and Grants
$1,488,326
Program Service Revenue
$736,151
Investment Income
$36,151
Other Revenue
$0
All Other Contributions
$1,488,326
Change in Net Assets
$29,813

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,247,764
Revenue Not Reported on Financial Statements
$12,864
Revenue Not Reported on Form 990
$320,892
Total Revenue per Audited Statements
$2,568,656
Total Revenue per Form 990
$2,260,628
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,304,249
Other Expenses$926,566
Total Fundraising Expense$182,236
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$636,749$72,541$96,721$806,011
Current Officers, Directors, Trustees, and Key Employees$297,821$33,929$45,239$376,989
Information Technology$55,151$6,257$8,377$69,785
Payroll Taxes$53,572$6,103$8,138$67,813
Advertising$46,966$4,500$5,992$57,458
Other Employee Benefits$27,101$3,087$4,117$34,305
Travel$22,397$2,551$3,402$28,350
Other Expenses$24,604--$24,604
All Other Expenses$17,745$2,124$2,625$22,494
Pension Plan Contributions$15,113$1,722$2,296$19,131
Fees for Services Accounting$10,773$4,943$1,636$17,352
Occupancy$11,652$1,327$1,770$14,749
Fees for Service Investment Mgmnt Fees-$12,864-$12,864
Insurance$8,355$952$1,269$10,576
Depreciation Depletion$4,304$490$654$5,448
Fees for Services Other-$30-$30
Total Functional Expenses$1,895,159$153,420$182,236$2,230,815

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,321,308
Total Expenses per Form 990$2,230,815
Expenses per Audited Statements$2,217,943
Expenses Not Reported on Form 990$103,365
Expenses Not Reported on Financial Statements$12,872
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
2024-02-12
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
11
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 782 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/PersonNm4MAXIMILIANE STRAUB
IRS990/Form990PartVIISectionAGrp/PersonNm5CHERI ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm6CATHERINE BEHRENBRINKER
IRS990/Form990PartVIISectionAGrp/PersonNm7GINA COLEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm8MELISSA COLLAR
IRS990/Form990PartVIISectionAGrp/PersonNm9BETH CORREA
IRS990/Form990PartVIISectionAGrp/PersonNm10MAUREEN D'AGOSTINO
IRS990/Form990PartVIISectionAGrp/PersonNm11JONATHAN DEGAYNOR
IRS990/Form990PartVIISectionAGrp/PersonNm12ANDREW DOYLE
IRS990/Form990PartVIISectionAGrp/PersonNm13GIANNA FERRAROTTI
IRS990/Form990PartVIISectionAGrp/PersonNm14KAREN FOLGER
IRS990/Form990PartVIISectionAGrp/PersonNm15LYNETTE COLLINS
IRS990/Form990PartVIISectionAGrp/PersonNm16JENEANNE HANLEY
IRS990/Form990PartVIISectionAGrp/PersonNm17CHRISTINA COPLEN
IRS990/Form990PartVIISectionAGrp/PersonNm18GRETCHEN HOLLOWAY
IRS990/Form990PartVIISectionAGrp/PersonNm19KIMBERLY KEATON WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm20RONIA KRUSE
IRS990/Form990PartVIISectionAGrp/PersonNm21RHONDA LAURENCELLE
IRS990/Form990PartVIISectionAGrp/PersonNm22CARRIE LEAHY
IRS990/Form990PartVIISectionAGrp/PersonNm23GEORGE LENYO
IRS990/Form990PartVIISectionAGrp/PersonNm24RAZ LEWIS
IRS990/Form990PartVIISectionAGrp/PersonNm25BRENDA MCMAHON
IRS990/Form990PartVIISectionAGrp/PersonNm26ANNE MARIE MONETTE
IRS990/Form990PartVIISectionAGrp/PersonNm27BRIAN KRAUS
IRS990/Form990PartVIISectionAGrp/PersonNm28MANDY RICE
IRS990/Form990PartVIISectionAGrp/PersonNm29JILL DARK
IRS990/Form990PartVIISectionAGrp/PersonNm30TRINA SCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm31SEAN SILVER
IRS990/Form990PartVIISectionAGrp/PersonNm32CHRISTINE SITEK
IRS990/Form990PartVIISectionAGrp/PersonNm33KRISTIN SMALLWOOD
IRS990/Form990PartVIISectionAGrp/PersonNm34AMY SCHULTZ
IRS990/Form990PartVIISectionAGrp/PersonNm35GINA STAUDACHER
IRS990/Form990PartVIISectionAGrp/PersonNm36SANDY STOJKOVSKI
IRS990/Form990PartVIISectionAGrp/PersonNm37KRISTIN SUPANCICH
IRS990/Form990PartVIISectionAGrp/PersonNm38MICHELLE JOHNSON TIDJANI
IRS990/Form990PartVIISectionAGrp/PersonNm39JOANNA TOTSKY
IRS990/Form990PartVIISectionAGrp/PersonNm40GRACE TRUEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm41TERRY BARCLAY
IRS990/Form990PartVIISectionAGrp/PersonNm42LAURA YOU
IRS990/Form990PartVIISectionAGrp/PersonNm43SANDRA GADDY
IRS990/Form990PartVIISectionAGrp/PersonNm44MICHELLE ILITCH
IRS990/Form990PartVIISectionAGrp/PersonNm45MARIANNE VIDERSHAIN
IRS990/Form990PartVIISectionAGrp/PersonNm46CAROLE LEIGH HUTTON
IRS990/Form990PartVIISectionAGrp/PersonNm47REBECCA PUCKET WOOD
IRS990/Form990PartVIISectionAGrp/PersonNm48LORRENA BLACK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,286,321
Liabilities
$481,104
Net assets
$3,805,217
Revenue
$2,260,628
Expenses
$2,230,815
Net income
$29,813
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