Civic Intelligence

Michigan Tech Enterprise Corporation

990 • Fiscal year 2019 • EIN 30-0109013

Jul 01, 2018 to Jun 30, 2019 • Filed on May 14, 2020

Organization ProfileWWW.MTECSZ.COM
600 E Lakeshore Drive Box 1Houghton, MI 49931

(906) 487-7000

Siviq Scores

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

Liabilities / Assets

65th percentile

0.20x

Higher debt load relative to assets than 65% of similar nonprofits.

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

Liabilities / Revenue

73rd percentile

0.32x

Higher debt load relative to revenue than 73% of similar nonprofits.

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

Net Margin

53rd percentile

4.2%

Higher net margin than 53% of similar nonprofits.

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

Top Officer Pay

85th percentile

$160,947

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 11.7% of source-year revenue.

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

Asset Growth

46th percentile

1.6%

Faster asset growth than 46% of similar nonprofits.

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

Revenue Growth

63rd percentile

10%

Faster revenue growth than 63% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$2,208,777

Up $35,190 (+1.6%) from 2018

Net Assets

Up

$1,769,203

Up $89,875 (+5.4%) from 2018

Liabilities

Down

$439,574

Down $54,685 (-11%) from 2018

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin53rd percentile

Revenue

Up

$1,374,193

Up $128,092 (+10%) from 2018

Expenses

Up

$1,316,758

Up $82,583 (+6.7%) from 2018

Net Income

Up

$57,435

Up $45,509 (+382%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $1,755,623Liabilities 2012: $577,403Net Assets 2012: $1,178,2202012Assets 2013: $2,052,050Liabilities 2013: $666,717Net Assets 2013: $1,385,3332013Assets 2014: $2,029,602Liabilities 2014: $640,354Net Assets 2014: $1,389,2482014Assets 2015: $1,911,420Liabilities 2015: $497,703Net Assets 2015: $1,413,7172015Assets 2016: $2,067,604Liabilities 2016: $513,415Net Assets 2016: $1,554,1892016Assets 2017: $2,148,459Liabilities 2017: $545,493Net Assets 2017: $1,602,9662017Assets 2018: $2,173,587Liabilities 2018: $494,259Net Assets 2018: $1,679,3282018Assets 2019: $2,208,777Liabilities 2019: $439,574Net Assets 2019: $1,769,2032019Assets 2020: $2,306,565Liabilities 2020: $502,637Net Assets 2020: $1,803,9282020Assets 2021: $3,191,054Liabilities 2021: $421,636Net Assets 2021: $2,769,4182021Assets 2022: $2,993,171Liabilities 2022: $417,987Net Assets 2022: $2,575,1842022Assets 2023: $3,491,836Liabilities 2023: $373,789Net Assets 2023: $3,118,0472023Assets 2024: $5,912,043Liabilities 2024: $1,902,024Net Assets 2024: $4,010,0192024

Highlighted filing

2019

Assets$2,208,777
Liabilities$439,574
Net Assets$1,769,203
Open 2019 Filing

Operations Trend

Revenue Growth63rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $816,7732012Expenses 2013: $1,397,6632013Revenue 2014: $1,734,932Expenses 2014: $1,828,887Net Income 2014: -$93,9552014Revenue 2015: $1,500,013Expenses 2015: $1,484,230Net Income 2015: $15,7832015Revenue 2016: $1,321,444Expenses 2016: $1,163,825Net Income 2016: $157,6192016Revenue 2017: $1,385,977Expenses 2017: $1,434,670Net Income 2017: -$48,6932017Revenue 2018: $1,246,101Expenses 2018: $1,234,175Net Income 2018: $11,9262018Revenue 2019: $1,374,193Expenses 2019: $1,316,758Net Income 2019: $57,4352019Revenue 2020: $1,356,499Expenses 2020: $1,283,739Net Income 2020: $72,7602020Revenue 2021: $1,494,875Expenses 2021: $1,071,016Net Income 2021: $423,8592021Revenue 2022: $1,536,787Expenses 2022: $1,237,493Net Income 2022: $299,2942022Revenue 2023: $1,718,234Expenses 2023: $1,309,229Net Income 2023: $409,0052023Revenue 2024: $2,154,560Expenses 2024: $1,431,852Net Income 2024: $722,7082024

Highlighted filing

2019

Revenue$1,374,193
Expenses$1,316,758
Net Income$57,435
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 14, 2020
Return Version
2018v3.2
Gross Receipts
$1,374,193
Mission and Program Overview

Mission

To promote economic and industrial development in houghton county and in the state of michigan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,338,742$1,404,520▲ $65,778
Cash and Non-Interest-Bearing Accounts$526,660$433,334▼ $93,326
Prepaid Expenses and Deferred Charges$258,550$233,334▼ $25,216
Other Notes and Loans Receivable, Net-$97,339-
Land, Buildings, and Equipment, Net$38,929$26,613▼ $12,316
Accounts Receivable$10,706$13,637▲ $2,931
Total Assets$2,173,587$2,208,777▲ $35,190
Liabilities
Deferred Revenue$410,798$371,504▼ $39,294
Accounts Payable and Accrued Expenses$65,922$56,972▼ $8,950
Other Liabilities$17,539$11,098▼ $6,441
Total Liabilities$494,259$439,574▼ $54,685
Net Assets / Fund Balance
Unrestricted Net Assets$1,679,328$1,769,203▲ $89,875
Total Net Assets Fund Balance$1,679,328$1,769,203▲ $89,875
Total Liabilities and Net Assets / Fund Balance$2,173,587$2,208,777▲ $35,190

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$26,613$148,570$175,183
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marilyn ClarkChief ExecutFT$128,299$32,648$160,947
Marilyn ClarkChief Executive-$123,299$37,648$160,947
Dan JamisonChief ExecutFT$8,538$683$9,221

Board Members and Trustees

NameTitle
Eric WaaraChair
Kevin CodereVice-chair
Alan WestBoard Member
Brad CanaleBoard Member
Fred MolnarBoard Member
Joe DancyBoard Member
Lee Ann RouseBoard Member
Paul DeanBoard Member
Steve ZutterBoard Member
Tom MerzBoard Member
Barry GivensSecretary
Dave ReedTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,143,141
Program Service Revenue
$190,205
Investment Income
$33,338
Other Revenue
$7,509
Change in Net Assets
$57,435

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,374,193
Revenue Not Reported on Form 990
$32,440
Total Revenue per Audited Statements
$1,406,633
Total Revenue per Form 990
$1,374,193
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$680,311
Other Expenses$636,447
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$110,278$243,338-$353,616
Occupancy-$172,060-$172,060
Current Officers, Directors, Trustees, and Key Employees-$150,275-$150,275
Fees for Services Other-$145,167-$145,167
Other Employee Benefits-$111,573-$111,573
Office Expenses$1,942$99,731-$101,673
Travel$13,203$27,645-$40,848
Payroll Taxes-$37,822-$37,822
Advertising-$32,918-$32,918
Pension Plan Contributions-$27,025-$27,025
Conferences and Meetings-$25,709-$25,709
Other Expenses$45,369$18,287-$18,287
Depreciation Depletion-$12,316-$12,316
Fees for Services Accounting-$7,977-$7,977
Insurance-$1,285-$1,285
Interest-$252-$252
Total Functional Expenses$170,792$1,145,966$0$1,316,758

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,316,758
Total Expenses per Audited Statements$1,316,758
Total Expenses per Form 990$1,316,758
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$11,098
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the finance committee. Then the form is approved for submission.”

Form 990, Page 6, Part VI, Line 12C

“Board members sign "conflict of interest" disclosure forms annually.”

Form 990, Page 6, Part VI, Line 15A

“The personnel committee reviews past performance and comparability data before determining the ceo's compensation package. Decisions are documented in the committee meeting minutes and the supporting detail information is kept in the employee's personnel file.”

Form 990, Page 6, Part VI, Line 15B

“The personnel committee reviews past performance and comparability data before determining any key employee's compensation package. Decisions are documented in the committee meeting minutes and the supporting detail information is kept in the employee's personnel file.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Michigan Tech Enterprise
EIN
30-0109013
Phone
9064877000
Address
600 E LAKESHORE DRIVE BOX 1, HOUGHTON, MI 49931

Signing Officer

Name
Dan Jamison
Title
Chief Executive
Phone
9064877000
Signed
2020-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Jamison
Formed
2002
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
10
Employees
7

Preparer

Firm
Rukkila Negro and Associates Cpas Pc
Address
310 SHELDEN AVENUE, HOUGHTON, MI 49931-1964
Preparer
Peter a Negro
Phone
9064826601
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Volunteers consist of board members who provide various business expertise to the organization.”

Form 990, Part IX, Line 11G

“Computer consulting 0 2,809 0 business consulting 0 116,281 0 intellectual prop consultant 0 2,835 0 human resource contract 0 23,242 0 total 0 145,167 0”

Raw XML AppendixShowing 400 of 488 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt065922
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt056972
IRS990/AccountsReceivableGrp/BOYAmt010706
IRS990/AccountsReceivableGrp/EOYAmt013637
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROMOTE ECONOMIC AND INDUSTRIAL DEVELOPMENT IN HOUGHTON COUNTY AND IN THE STATE OF MICHIGAN.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt032918
IRS990/AdvertisingGrp/TotalAmt032918
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0MICHIGAN TECH ENTERPRISE CORP
IRS990/BooksInCareOfDetail/PhoneNum09064877000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0600 E LAKESHORE DR STE 201
IRS990/BooksInCareOfDetail/USAddress/CityNm0HOUGHTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd049931
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0526660
IRS990/CashNonInterestBearingGrp/EOYAmt0433334
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0150275
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0150275
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt025709
IRS990/ConferencesMeetingsGrp/TotalAmt025709
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01143141
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt033338
IRS990/CYOtherExpensesAmt0636447
IRS990/CYOtherRevenueAmt07509
IRS990/CYProgramServiceRevenueAmt0190205
IRS990/CYRevenuesLessExpensesAmt057435
IRS990/CYSalariesCompEmpBnftPaidAmt0680311
IRS990/CYTotalExpensesAmt01316758
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01374193
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0410798
IRS990/DeferredRevenueGrp/EOYAmt0371504
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt012316
IRS990/DepreciationDepletionGrp/TotalAmt012316
IRS990/Desc0TO EXPAND OPPORTUNITY AND KNOWLEDGE PERTAINING TO SCIENTIFIC AND TECHNOLOGICAL RESEARCH AND DEVELOPMENT AMONG PUBLIC AND PRIVATE ENTITIES. THE ENTITY HELD 45 EDUCATIONAL PROGRAMS/SEMINARS WITH 1,538 ATTENDEES, HOUSED 12 COMPANIES AND ASSISTED IN THE CREATION OF 40 NEW JOBS DURING THE YEAR.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0170792
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07977
IRS990/FeesForServicesAccountingGrp/TotalAmt07977
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0145167
IRS990/FeesForServicesOtherGrp/TotalAmt0145167
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt032648
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1683
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/PersonNm0MARILYN CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm1DAN JAMISON
IRS990/Form990PartVIISectionAGrp/PersonNm2ERIC WAARA
IRS990/Form990PartVIISectionAGrp/PersonNm3KEVIN CODERE
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVE REED
IRS990/Form990PartVIISectionAGrp/PersonNm5BARRY GIVENS
IRS990/Form990PartVIISectionAGrp/PersonNm6TOM MERZ
IRS990/Form990PartVIISectionAGrp/PersonNm7JOE DANCY
IRS990/Form990PartVIISectionAGrp/PersonNm8PAUL DEAN
IRS990/Form990PartVIISectionAGrp/PersonNm9STEVE ZUTTER
IRS990/Form990PartVIISectionAGrp/PersonNm10LEE ANN ROUSE
IRS990/Form990PartVIISectionAGrp/PersonNm11ALAN WEST
IRS990/Form990PartVIISectionAGrp/PersonNm12FRED MOLNAR
IRS990/Form990PartVIISectionAGrp/PersonNm13BRAD CANALE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0128299
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18538
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF EXECUT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF EXECUT
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt01143141
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01374193
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01285
IRS990/InsuranceGrp/TotalAmt01285
IRS990/InterestGrp/ManagementAndGeneralAmt0252
IRS990/InterestGrp/TotalAmt0252
IRS990/InvestmentIncomeGrp/ExclusionAmt033338
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt033338
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01338742
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01404520
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0148570
IRS990/LandBldgEquipBasisNetGrp/BOYAmt038929
IRS990/LandBldgEquipBasisNetGrp/EOYAmt026613
IRS990/LandBldgEquipCostOrOtherBssAmt0175183
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROMOTE ECONOMIC AND INDUSTRIAL DEVELOPMENT IN HOUGHTON COUNTY AND IN THE STATE OF MICHIGAN.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01679328
IRS990/NetAssetsOrFundBalancesEOYAmt01769203
IRS990/NetUnrlzdGainsLossesInvstAmt032440
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0172060
IRS990/OccupancyGrp/TotalAmt0172060
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt099731
IRS990/OfficeExpensesGrp/ProgramServicesAmt01942
IRS990/OfficeExpensesGrp/TotalAmt0101673
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0111573
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0111573
IRS990/OtherExpensesGrp/Desc0PROGRAM SERVICES
IRS990/OtherExpensesGrp/Desc1EQUIPMENT REPAIR & MAINT
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt032586
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt118287
IRS990/OtherExpensesGrp/ProgramServicesAmt045369
IRS990/OtherExpensesGrp/TotalAmt045369
IRS990/OtherExpensesGrp/TotalAmt132586
IRS990/OtherExpensesGrp/TotalAmt218287
IRS990/OtherLiabilitiesGrp/BOYAmt017539
IRS990/OtherLiabilitiesGrp/EOYAmt011098
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt07509
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07509
IRS990/OtherRevenueTotalAmt07509
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0243338
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0110278
IRS990/OtherSalariesAndWagesGrp/TotalAmt0353616
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt097339
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt037822
IRS990/PayrollTaxesGrp/TotalAmt037822
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt027025
IRS990/PensionPlanContributionsGrp/TotalAmt027025
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0258550
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0233334
IRS990/PrincipalOfficerNm0DAN JAMISON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1561000
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/BusinessCd3611430
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OFFICE SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2REVOLVING LOAN INTEREST EARNE
IRS990/ProgramServiceRevenueGrp/Desc3SMART START
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0176192
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17861
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23252
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0176192
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17861
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23252
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32900
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0977012
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt031070
IRS990/PYOtherExpensesAmt0638023
IRS990/PYOtherRevenueAmt011156
IRS990/PYProgramServiceRevenueAmt0226863
IRS990/PYRevenuesLessExpensesAmt011926
IRS990/PYSalariesCompEmpBnftPaidAmt0596152
IRS990/PYTotalExpensesAmt01234175
IRS990/PYTotalRevenueAmt01246101
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt057435
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0190205
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0REFUNDS, REIMBURSEMENTS, MISC 23,367
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01143141
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0977012
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01151986
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01117450
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01348618
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05738207
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt033338
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt031070
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt024540
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt020268
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt083
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0109299
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0949346
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt07509
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt011156
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt09570
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0769
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01872
IRS990ScheduleA/OtherIncome170Grp/TotalAmt030876
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97620
IRS990ScheduleA/PublicSupportPY170Pct00.98400
IRS990ScheduleA/PublicSupportTotal170Amt05738207
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01143141
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0977012
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01151986
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01117450
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01348618
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05738207
IRS990ScheduleA/TotalSupportAmt05878382
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt026613
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0148570
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0175183
IRS990ScheduleD/ExpensesSubtotalAmt01316758
IRS990ScheduleD/NetUnrealizedGainsInvstAmt032440
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011098
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt032440
IRS990ScheduleD/RevenueSubtotalAmt01374193
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026613
IRS990ScheduleD/TotalExpensesPerForm990Amt01316758
IRS990ScheduleD/TotalLiabilityAmt011098
IRS990ScheduleD/TotalRevenuePerForm990Amt01374193
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01406633
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01316758
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0123299
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount05000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt010600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt022048
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARILYN CLARK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0160947
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS CONSIST OF BOARD MEMBERS WHO PROVIDE VARIOUS BUSINESS EXPERTISE TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE. THEN THE FORM IS APPROVED FOR SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS SIGN "CONFLICT OF INTEREST" DISCLOSURE FORMS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PERSONNEL COMMITTEE REVIEWS PAST PERFORMANCE AND COMPARABILITY DATA BEFORE DETERMINING THE CEO'S COMPENSATION PACKAGE. DECISIONS ARE DOCUMENTED IN THE COMMITTEE MEETING MINUTES AND THE SUPPORTING DETAIL INFORMATION IS KEPT IN THE EMPLOYEE'S PERSONNEL FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PERSONNEL COMMITTEE REVIEWS PAST PERFORMANCE AND COMPARABILITY DATA BEFORE DETERMINING ANY KEY EMPLOYEE'S COMPENSATION PACKAGE. DECISIONS ARE DOCUMENTED IN THE COMMITTEE MEETING MINUTES AND THE SUPPORTING DETAIL INFORMATION IS KEPT IN THE EMPLOYEE'S PERSONNEL FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPUTER CONSULTING 0 2,809 0 BUSINESS CONSULTING 0 116,281 0 INTELLECTUAL PROP CONSULTANT 0 2,835 0 HUMAN RESOURCE CONTRACT 0 23,242 0 TOTAL 0 145,167 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$2,208,777
Liabilities
$439,574
Net assets
$1,769,203
Revenue
$1,374,193
Expenses
$1,316,758
Net income
$57,435
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.91$1.90$4.01$2.15$1.43$0.72
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.49$0.37$3.12$1.72$1.31$0.41
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.99$0.42$2.58$1.54$1.24$0.30
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$0.42$2.77$1.49$1.07$0.42
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.31$0.50$1.80$1.36$1.28$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.21$0.44$1.77$1.37$1.32$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.17$0.49$1.68$1.25$1.23$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$0.55$1.60$1.39$1.43$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.07$0.51$1.55$1.32$1.16$0.16
2015Detailed filing. Detailed filing data is available for this year.$1.91$0.50$1.41$1.50$1.48$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.03$0.64$1.39$1.73$1.83$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$0.67$1.39$1.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$0.58$1.18$0.82