Liabilities / Assets
79th percentile
Higher debt load relative to assets than 79% of similar nonprofits.
Museums in the Park
990 • Fiscal year 2018 • EIN 30-0186121
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.16x
Liabilities / Revenue
70th percentile
Higher debt load relative to revenue than 70% of similar nonprofits.
Net Margin
50th percentile
Higher net margin than 50% of similar nonprofits.
Top Officer Pay
93rd percentile
Higher top officer pay than 93% of similar nonprofits.
Top officer pay equals 22.5% of source-year revenue.
Asset Growth
2nd percentile
Faster asset growth than 2% of similar nonprofits.
Revenue Growth
73rd percentile
Faster revenue growth than 73% of similar nonprofits.
Balance Sheet
Assets
Down$87,013
Down $374,628 (-81%) from 2017
Net Assets
Up$73,083
Up $8,052 (+12%) from 2017
Liabilities
Down$13,930
Down $382,680 (-96%) from 2017
Revenue And Expenses
Revenue
Up$337,377
Up $39,855 (+13%) from 2017
Expenses
Down$329,325
Down $3,099 (-0.9%) from 2017
Net Income
Up$8,052
Up $42,954 (+123%) from 2017
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2017 to Jun 30, 2018
- Signed
- May 15, 2019
- Return Version
- 2017v2.3
- Gross Receipts
- $337,377
Mission and Program Overview
Mission
A business association for the advancement of member museums located on chicago park district land throughout the city of chicago.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $122,275 | $67,982 | ▼ $54,293 |
| Accounts Receivable | $337,294 | $15,844 | ▼ $321,450 |
| Prepaid Expenses and Deferred Charges | $2,072 | $3,187 | ▲ $1,115 |
| Savings and Temporary Cash Investments | $0 | $0 | → $0 |
| Other Notes and Loans Receivable, Net | $0 | $0 | → $0 |
| Pledges and Grants Receivable | $0 | $0 | → $0 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | $0 | → $0 |
| Investments Program Related | $0 | $0 | → $0 |
| Investments in Publicly Traded Securities | $0 | $0 | → $0 |
| Land, Buildings, and Equipment, Net | $0 | $0 | → $0 |
| Intangible Assets | $0 | $0 | → $0 |
| Inventories for Sale or Use | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Total Assets | $461,641 | $87,013 | ▼ $374,628 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Deferred Revenue | $337,377 | $0 | ▼ $337,377 |
| Accounts Payable and Accrued Expenses | $59,233 | $13,930 | ▼ $45,303 |
| Grants Payable | $0 | $0 | → $0 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Unsecured Notes Loans Payable | $0 | $0 | → $0 |
| Other Liabilities | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $396,610 | $13,930 | ▼ $382,680 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $65,031 | $73,083 | ▲ $8,052 |
| Permanently Rstr Net Assets | $0 | $0 | → $0 |
| Temporarily Rstr Net Assets | $0 | $0 | → $0 |
| Total Net Assets Fund Balance | $65,031 | $73,083 | ▲ $8,052 |
| Total Liabilities and Net Assets / Fund Balance | $461,641 | $87,013 | ▼ $374,628 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $0 | $9,068 | $9,068 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Rebecca Schejbal | Administrative Director | FT | $59,497 | $16,534 | $76,031 |
| Jean Feit | Program Manager | FT | $60,179 | $10,714 | $70,893 |
Board Members and Trustees
| Name | Title |
|---|---|
| Deborah Lahey | President |
| James Rondeau | Vice President |
| Billy Ocasio | Director |
| Bridget Coughlin | Director |
| Carlos Tortolero | Director |
| David Mosena | Director |
| Gary Johnson | Director |
| Madeleine Grynsztejn | Director |
| Michelle Larson | Director |
| Richard Lariviere | Secretary |
| Perri Irmer | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $161,447
- Program Service Revenue
- $175,930
- Investment Income
- $0
- Other Revenue
- $0
- Change in Net Assets
- $8,052
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $337,377
- Revenue Not Reported on Form 990
- $6,090
- Total Revenue per Audited Statements
- $343,467
- Total Revenue per Form 990
- $337,377
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $167,362 |
| Salaries, Compensation, and Employee Benefits | $161,963 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $152,554 |
| Fees for Services Lobbying | - | - | - | $72,000 |
| Advertising | - | - | - | $50,601 |
| Office Expenses | - | - | - | $15,165 |
| Payroll Taxes | - | - | - | $9,409 |
| Fees for Services Accounting | - | - | - | $9,015 |
| Other Expenses | - | - | - | $6,906 |
| Travel | - | - | - | $5,279 |
| Insurance | - | - | - | $4,226 |
| Fees for Services Other | - | - | - | $2,771 |
| Conferences and Meetings | - | - | - | $1,139 |
| Information Technology | - | - | - | $260 |
| Total Functional Expenses | $0 | $0 | $0 | $329,325 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $335,415 |
| Expenses per Audited Statements | $329,325 |
| Total Expenses per Form 990 | $329,325 |
| Expenses Not Reported on Form 990 | $6,090 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $0 |
| Fundraising Gross Income | $0 |
| Gaming Direct Expenses | $0 |
| Gaming Gross Income | $0 |
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- In-house lobbying only
- No
- Subject to proxy tax
- Yes
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
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, Part VI, Section A, Line 6
“Museums in the park, inc. (mip) is comprised of eleven of chicagos most treasured cultural institutions. They are: adler planetarium, the art institute of chicago, the chicago academy of sciences/peggy notebaert nature museum, chicago history museum, dusable museum of african american history, the field museum, museum of contemporary art, museum of science and industry, national museum of mexican art, national museum of puerto rican arts & culture and john g. Shedd aquarium. Collectively, these museums are referred to as member museums and are located on chicago park district land throughout the city of chicago.”
Form 990, Part VI, Section B, Line 11B
“A draft form 990 is completed by an officially contracted accounting firm in consultation with the mip treasurer and mip staff. The draft form 990 is presented to the mip leadership team for review at one of their regularly scheduled meetings or via e-mail. The mip leadership team reviews and accepts the draft by unanimous vote. The draft form 990 is next presented to the mip board of directors for review at one of their regularly scheduled quarterly meetings. The board reviews and accepts the draft by unanimous vote. The form 990 is at this point considered officially approved and is filed.”
Form 990, Part VI, Section B, Line 12C
“Each director, employee, and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person a) has received a copy of the conflict of interest policy b) has read and understands the policy c) has agreed with the policy d) understands that in order to maintain federal tax exemption, mip must engage primarily in activities which accomplish its tax-exempt purpose. If a conflict of interest is found, the interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest.”
Form 990, Part VI, Section B, Line 15
“The compensation of the administrative director and other key employees is based on review by the mip leadership team.”
Form 990, Part VI, Section C, Line 19
“The organization has a website where the public can get information about the organization. Any specific information with regards to the governing documents, conflict of interest policy, and financial statements is available upon request.”
Filing and Contact Details
Filer
- Filer Name
- Museums in the Park
- EIN
- 30-0186121
- In Care Of
- % REBECCA SHEJBAL
- Phone
- 3124470460
- Address
- 2430 North Cannon Drive, Chicago, IL 60614
Signing Officer
- Name
- Deborah Lahey
- Title
- Board President
- Phone
- 3124470460
- Signed
- 2019-05-15
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Deborah Lahey
- Formed
- 2003
- Legal Domicile
- Il
- Voting Board Members
- 11
- Independent Board Members
- 11
- Employees
- 2
- Volunteers
- 11
Preparer
- Firm
- Bkd Llp
- Address
- 1901 S Meyers Road Suite 500, Oakbrook Terrace, IL 60181-5209
- Preparer
- Nicole B Fishback
- Phone
- 6302829500
Supplemental Narrative
Additional Explanations
Form 990, Part III, Line 3
“Museums in the park ceased conducting the public affairs initiative due to the completion of the programs mission.”
Financial Statement Notes
Part X, Line 2
“Mip is a not-for-profit organization that is exempt from income taxes under section 501(c)(6) of the internal revenue code. Mip had no unrelated business income during fiscal years 2018 and 2017 and, therefore, no provision for federal or state income taxes has been made in the accompanying financial statements. All significant tax positions have been considered by management and it has been determined that all tax positions would be sustained upon examination by taxing authorities. There are no uncertain tax positions that require recognition in the accompanying financial statements or further disclosure in the notes to the financial statements. Mip is required to file form 990 (return of organization exempt from income tax).”
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | Program Manager |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | Administrative Director |
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| IRS990/FormationYr | 0 | 2003 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
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| IRS990/IndoorTanningServicesInd | 0 | false |
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| IRS990/MissionDesc | 0 | A BUSINESS ASSOCIATION FOR THE ADVANCEMENT OF MEMBER MUSEUMS LOCATED ON CHICAGO PARK DISTRICT LAND THROUGHOUT THE CITY OF CHICAGO. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
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| IRS990/NondeductibleContributionsInd | 0 | false |
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| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 15165 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | Catering |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 6906 |
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| IRS990/OtherRevenueTotalAmt | 0 | 0 |
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| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 9409 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 0 |
| IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 0 |
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| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 2072 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 3187 |
| IRS990/PrincipalOfficerNm | 0 | DEBORAH LAHEY |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611710 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 611710 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Park Voyagers |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Coordinated Campaign |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 99930 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 76000 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 99930 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 76000 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | COORDINATED CAMPAIGN - TO CREATE OPPORTUNITIES TO PROMOTE THE MEMBER MUSEUMS, WHICH SEEK TO ENGAGE, EDUCATE AND BROADEN THE LIFE EXPERIENCES OF THE PUBLIC. |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 130916 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
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| IRS990/PYOtherRevenueAmt | 0 | 0 |
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| IRS990/PYRevenuesLessExpensesAmt | 0 | -34902 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 159220 |
| IRS990/PYTotalExpensesAmt | 0 | 332424 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 297522 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt | 0 | 0 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 8052 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/RentalIncomeOrLossGrp/PersonalAmt | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleC/AgreeCarryoverPriorYearInd | 0 | false |
| IRS990ScheduleC/OnlyInHouseLobbyingInd | 0 | false |
| IRS990ScheduleC/SubstantiallyAllDuesNondedInd | 0 | true |
| IRS990ScheduleD/DonatedServicesAndUseFcltsAmt | 0 | 6090 |
| IRS990ScheduleD/DonatedServicesUseFcltsAmt | 0 | 6090 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 9068 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 9068 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 6090 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 329325 |
| IRS990ScheduleD/FederalIncomeTaxLiabilityAmt | 0 | 0 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 6090 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 337377 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | MIP IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. MIP HAD NO UNRELATED BUSINESS INCOME DURING FISCAL YEARS 2018 AND 2017 AND, THEREFORE, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT AND IT HAS BEEN DETERMINED THAT ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS OR FURTHER DISCLOSURE IN THE NOTES TO THE FINANCIAL STATEMENTS. MIP IS REQUIRED TO FILE FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX). |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 329325 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 0 |
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| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 343467 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 335415 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | MUSEUMS IN THE PARK CEASED CONDUCTING THE PUBLIC AFFAIRS INITIATIVE DUE TO THE COMPLETION OF THE PROGRAMS MISSION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | MUSEUMS IN THE PARK, INC. (MIP) IS COMPRISED OF ELEVEN OF CHICAGOS MOST TREASURED CULTURAL INSTITUTIONS. THEY ARE: ADLER PLANETARIUM, THE ART INSTITUTE OF CHICAGO, THE CHICAGO ACADEMY OF SCIENCES/PEGGY NOTEBAERT NATURE MUSEUM, CHICAGO HISTORY MUSEUM, DUSABLE MUSEUM OF AFRICAN AMERICAN HISTORY, THE FIELD MUSEUM, MUSEUM OF CONTEMPORARY ART, MUSEUM OF SCIENCE AND INDUSTRY, NATIONAL MUSEUM OF MEXICAN ART, NATIONAL MUSEUM OF PUERTO RICAN ARTS & CULTURE AND JOHN G. SHEDD AQUARIUM. COLLECTIVELY, THESE MUSEUMS ARE REFERRED TO AS MEMBER MUSEUMS AND ARE LOCATED ON CHICAGO PARK DISTRICT LAND THROUGHOUT THE CITY OF CHICAGO. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | A DRAFT FORM 990 IS COMPLETED BY AN OFFICIALLY CONTRACTED ACCOUNTING FIRM IN CONSULTATION WITH THE MIP TREASURER AND MIP STAFF. THE DRAFT FORM 990 IS PRESENTED TO THE MIP LEADERSHIP TEAM FOR REVIEW AT ONE OF THEIR REGULARLY SCHEDULED MEETINGS OR VIA E-MAIL. THE MIP LEADERSHIP TEAM REVIEWS AND ACCEPTS THE DRAFT BY UNANIMOUS VOTE. THE DRAFT FORM 990 IS NEXT PRESENTED TO THE MIP BOARD OF DIRECTORS FOR REVIEW AT ONE OF THEIR REGULARLY SCHEDULED QUARTERLY MEETINGS. THE BOARD REVIEWS AND ACCEPTS THE DRAFT BY UNANIMOUS VOTE. THE FORM 990 IS AT THIS POINT CONSIDERED OFFICIALLY APPROVED AND IS FILED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | EACH DIRECTOR, EMPLOYEE, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY B) HAS READ AND UNDERSTANDS THE POLICY C) HAS AGREED WITH THE POLICY D) UNDERSTANDS THAT IN ORDER TO MAINTAIN FEDERAL TAX EXEMPTION, MIP MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ITS TAX-EXEMPT PURPOSE. IF A CONFLICT OF INTEREST IS FOUND, THE INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE COMPENSATION OF THE ADMINISTRATIVE DIRECTOR AND OTHER KEY EMPLOYEES IS BASED ON REVIEW BY THE MIP LEADERSHIP TEAM. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE ORGANIZATION HAS A WEBSITE WHERE THE PUBLIC CAN GET INFORMATION ABOUT THE ORGANIZATION. ANY SPECIFIC INFORMATION WITH REGARDS TO THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS IS AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART III, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | true |
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| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | IL |
| IRS990/SubjectToProxyTaxInd | 0 | true |
| IRS990/TaxablePartyNotificationInd | 0 | false |
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| IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
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| IRS990/TotalAssetsEOYAmt | 0 | 87013 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 461641 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 87013 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 161447 |
| IRS990/TotalEmployeeCnt | 0 | 2 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 329325 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 396610 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 13930 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 396610 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 13930 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 65031 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 73083 |
| IRS990/TotalOtherCompensationAmt | 0 | 27248 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $87,013
- Liabilities
- $13,930
- Net assets
- $73,083
- Revenue
- $337,377
- Expenses
- $329,325
- Net income
- $8,052