Civic Intelligence

Michigan Community Capital

990 • Fiscal year 2011 • EIN 33-1068719

Jan 01, 2011 to Dec 31, 2011 • Filed on Nov 15, 2012

Organization ProfileWWW.MMF1.ORG
1000 South Washington Avenue No 20048910
Siviq Scores

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

Liabilities / Assets

53rd percentile

0.16x

Higher debt load relative to assets than 53% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

97th percentile

125%

Faster asset growth than 97% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets53rd percentile

Assets

$2,141,370

No earlier filing loaded for comparison.

Net Assets

$1,791,685

No earlier filing loaded for comparison.

Liabilities

$349,685

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$763,532

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$80M$60M$40M$20M$0Assets 2011: $2,141,370Liabilities 2011: $349,685Net Assets 2011: $1,791,6852011Assets 2013: $2,753,960Liabilities 2013: $278,256Net Assets 2013: $2,475,7042013Assets 2015: $2,784,703Liabilities 2015: $203,795Net Assets 2015: $2,580,9082015Assets 2016: $2,821,562Liabilities 2016: $167,582Net Assets 2016: $2,653,9802016Assets 2018: $16,040,082Liabilities 2018: $13,155,418Net Assets 2018: $2,884,6642018Assets 2019: $35,225,084Liabilities 2019: $30,354,927Net Assets 2019: $4,870,1572019Assets 2020: $46,928,937Liabilities 2020: $40,944,021Net Assets 2020: $5,984,9162020Assets 2022: $77,994,723Liabilities 2022: $60,312,769Net Assets 2022: $17,681,9542022Assets 2024: $74,933,829Liabilities 2024: $59,718,317Net Assets 2024: $15,215,5122024

Highlighted filing

2011

Assets$2,141,370
Liabilities$349,685
Net Assets$1,791,685
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0-$5.0MExpenses 2011: $763,5322011Revenue 2013: $1,093,756Expenses 2013: $770,343Net Income 2013: $323,4132013Revenue 2015: $727,626Expenses 2015: $611,209Net Income 2015: $116,4172015Revenue 2016: $706,408Expenses 2016: $633,336Net Income 2016: $73,0722016Revenue 2018: $2,436,493Expenses 2018: $2,522,623Net Income 2018: -$86,1302018Revenue 2019: $2,972,593Expenses 2019: $1,316,668Net Income 2019: $1,655,9252019Revenue 2020: $3,737,937Expenses 2020: $2,728,877Net Income 2020: $1,009,0602020Revenue 2022: $4,447,895Expenses 2022: $6,040,435Net Income 2022: -$1,592,5402022Revenue 2024: $9,687,634Expenses 2024: $9,147,125Net Income 2024: $540,5092024

Highlighted filing

2011

Revenue-
Expenses$763,532
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Nov 15, 2012
Return Version
2011v1.2
Gross Receipts
$1,846,810
Mission and Program Overview

Mission

The mission of michigan magnet fund is to facilitate new markets tax credit investments in the state of michigan. These investments will spur job creation and economic growth in low income communities across the state.

Filing and Contact Details

Filer

EIN
33-1068719
Raw XML AppendixShowing 400 of 854 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/AccountantCompileOrReview00
IRS990/AccountsPayableAccruedExpenses/BOY039354
IRS990/AccountsPayableAccruedExpenses/EOY086223
IRS990/AccountsReceivable/BOY0163927
IRS990/AccountsReceivable/EOY0158322
IRS990/ActivitiesConductedPartnership00
IRS990/ActivityOrMissionDescription0THE MISSION OF MICHIGAN MAGNET FUND IS TO FACILITATE LOW-INCOME COMMUNITY INVESTMENT IN MICHIGAN.
IRS990/AddressPrincipalOfficerUS/AddressLine10124 W ALLEGAN
IRS990/AddressPrincipalOfficerUS/City0LANSING
IRS990/AddressPrincipalOfficerUS/State0MI
IRS990/AddressPrincipalOfficerUS/ZIPCode048933
IRS990/AnnualDisclosureCoveredPersons01
IRS990/AuditCommittee01
IRS990/BenefitsPaidToMembersCY00
IRS990/BenefitsPaidToMembersPriorYear00
IRS990/BsnssRltnshpThruFamilyMember00
IRS990/BsnssRltnshpWithOrganization00
IRS990/CashNonInterestBearing/BOY0270939
IRS990/CashNonInterestBearing/EOY01097465
IRS990/ChangesToOrganizingDocs00
IRS990/CollectionsOfArt00
IRS990/CompensationFromOtherSources00
IRS990/CompensationProcessCEO00
IRS990/CompensationProcessOther00
IRS990/ConflictOfInterestPolicy01
IRS990/ConservationEasements00
IRS990/ConsolidatedAuditFinancialStmt00
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/AddressLine101000 SOUTH WASHINGTON
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/City0LANSING
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/State0MI
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/ZIPCode048910
IRS990/ContractorCompensation/Compensation0353025
IRS990/ContractorCompensation/DescriptionOfServices0LOAN SERVICING AND BOOKKEEPING FEES
IRS990/ContractorCompensation/NameOfContractor/NameBusiness/BusinessNameLine10GREAT LAKES CAPITAL FUND
IRS990/ContributionsGrantsCurrentYear00
IRS990/ContributionsGrantsPriorYear00
IRS990/CreditCounseling00
IRS990/DecisionsSubjectToApproval00
IRS990/DeductibleContributionsOfArt00
IRS990/DeductibleNonCashContributions00
IRS990/DeferredRevenue/BOY0117857
IRS990/DeferredRevenue/EOY0202358
IRS990/DelegationOfManagementDuties01
IRS990/DescribedIn501C301
IRS990/Description0FACILITATING ALL NMTC INVESTING ACTIVITIES
IRS990/DisregardedEntity00
IRS990/DocumentRetentionPolicy01
IRS990/DonorAdvisedFunds00
IRS990/ElectionOfBoardMembers00
IRS990/ExcessBenefitTransaction00
IRS990/Expense0595166
IRS990/FamilyOrBusinessRelationship00
IRS990/FederalGrantAuditRequired00
IRS990/FeesForServicesAccounting/ManagementAndGeneral0125930
IRS990/FeesForServicesAccounting/Total0125930
IRS990/FeesForServicesLegal/ProgramServices035222
IRS990/FeesForServicesLegal/Total035222
IRS990/FeesForServicesOther/ProgramServices0549944
IRS990/FeesForServicesOther/Total0549944
IRS990/FinancialStatementSeparate0X
IRS990/FollowSFAS1170X
IRS990/ForeignActivities00
IRS990/ForeignFinancialAccount00
IRS990/ForeignOffice00
IRS990/Form8282PropertyDisposedOf00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek01.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek11.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek21.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek31.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek41.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek51.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek61.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek71.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek81.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek91.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek101.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek111.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek121.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek131.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek141.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek151.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek161.00
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector3X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector4X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector5X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector6X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector7X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector8X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector9X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector10X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector11X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector12X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector13X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector14X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector15X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector16X
IRS990/Form990PartVIISectionA/NamePerson0TED ROZEBOOM
IRS990/Form990PartVIISectionA/NamePerson1MARK MCDANIEL
IRS990/Form990PartVIISectionA/NamePerson2MARK MORANTE
IRS990/Form990PartVIISectionA/NamePerson3MARY SEABERG KING
IRS990/Form990PartVIISectionA/NamePerson4JEFF SYKES
IRS990/Form990PartVIISectionA/NamePerson5WENDY DANT CHESSER
IRS990/Form990PartVIISectionA/NamePerson6JOANN CRARY
IRS990/Form990PartVIISectionA/NamePerson7KARL DORSHIMER
IRS990/Form990PartVIISectionA/NamePerson8RICHARD HOSEY
IRS990/Form990PartVIISectionA/NamePerson9JASON PAULATEER
IRS990/Form990PartVIISectionA/NamePerson10DENNIS J WEST
IRS990/Form990PartVIISectionA/NamePerson11ANNETTE WILLIAMS
IRS990/Form990PartVIISectionA/NamePerson12KARA WOOD
IRS990/Form990PartVIISectionA/NamePerson13JAMIE SCHRINER-HOOPER
IRS990/Form990PartVIISectionA/NamePerson14AARON SEYBRAT
IRS990/Form990PartVIISectionA/NamePerson15RIDGWAY WHITE
IRS990/Form990PartVIISectionA/NamePerson16AMY TORRES
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/Officer1X
IRS990/Form990PartVIISectionA/Officer2X
IRS990/Form990PartVIISectionA/OtherCompensation00
IRS990/Form990PartVIISectionA/OtherCompensation10
IRS990/Form990PartVIISectionA/OtherCompensation20
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/OtherCompensation40
IRS990/Form990PartVIISectionA/OtherCompensation50
IRS990/Form990PartVIISectionA/OtherCompensation60
IRS990/Form990PartVIISectionA/OtherCompensation70
IRS990/Form990PartVIISectionA/OtherCompensation80
IRS990/Form990PartVIISectionA/OtherCompensation90
IRS990/Form990PartVIISectionA/OtherCompensation100
IRS990/Form990PartVIISectionA/OtherCompensation110
IRS990/Form990PartVIISectionA/OtherCompensation120
IRS990/Form990PartVIISectionA/OtherCompensation130
IRS990/Form990PartVIISectionA/OtherCompensation140
IRS990/Form990PartVIISectionA/OtherCompensation150
IRS990/Form990PartVIISectionA/OtherCompensation160
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization00
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization10
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization30
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization40
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization50
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization60
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization70
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization80
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization90
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization100
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization110
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization120
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization130
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization140
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization150
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization160
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs60
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs70
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs80
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs90
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs100
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs110
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs120
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs130
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs140
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs150
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs160
IRS990/Form990PartVIISectionA/Title0CHAIR
IRS990/Form990PartVIISectionA/Title1VICE CHAIR
IRS990/Form990PartVIISectionA/Title2SECRETARY/TREASURER
IRS990/Form990PartVIISectionA/Title3MEMBER
IRS990/Form990PartVIISectionA/Title4MEMBER
IRS990/Form990PartVIISectionA/Title5MEMBER
IRS990/Form990PartVIISectionA/Title6MEMBER
IRS990/Form990PartVIISectionA/Title7MEMBER
IRS990/Form990PartVIISectionA/Title8MEMBER
IRS990/Form990PartVIISectionA/Title9MEMBER
IRS990/Form990PartVIISectionA/Title10MEMBER
IRS990/Form990PartVIISectionA/Title11MEMBER
IRS990/Form990PartVIISectionA/Title12MEMBER
IRS990/Form990PartVIISectionA/Title13MEMBER
IRS990/Form990PartVIISectionA/Title14MEMBER
IRS990/Form990PartVIISectionA/Title15MEMBER
IRS990/Form990PartVIISectionA/Title16MEMBER
IRS990/Form990ProvidedToGoverningBody01
IRS990/FormersListed00
IRS990/FSAudited01
IRS990/FundraisingActivities00
IRS990/FundsToPayPremiums00
IRS990/Gaming00
IRS990/GrantsAndSimilarAmntsCY00
IRS990/GrantsAndSimilarAmntsPriorYear00
IRS990/GrantsToIndividuals00
IRS990/GrantsToOrganizations00
IRS990/GrantToRelatedPerson00
IRS990/GrossReceipts01846810
IRS990/GroupReturnForAffiliates00
IRS990/Hospital00
IRS990/IndependentAuditFinancialStmt01
IRS990/IndoorTanningServices00
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartXII0X
IRS990/Insurance/ManagementAndGeneral024283
IRS990/Insurance/Total024283
IRS990/InvestmentIncomeCurrentYear015061
IRS990/InvestmentIncome/ExclusionAmount015061
IRS990/InvestmentIncomePriorYear018672
IRS990/InvestmentIncome/TotalRevenueColumn015061
IRS990/InvestmentInJointVenture01
IRS990/InvestmentsOtherSecurities/BOY08372
IRS990/InvestmentsOtherSecurities/EOY014269
IRS990/LoanToOfficerOrDQP00
IRS990/LobbyingActivities00
IRS990/LocalChapters00
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders00
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0THE MISSION OF MICHIGAN MAGNET FUND IS TO FACILITATE NEW MARKETS TAX CREDIT INVESTMENTS IN THE STATE OF MICHIGAN. THESE INVESTMENTS WILL SPUR JOB CREATION AND ECONOMIC GROWTH IN LOW INCOME COMMUNITIES ACROSS THE STATE.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/NameOfPrincipalOfficerPerson0TED ROZEBOOM
IRS990/NbrIndependentVotingMembers015
IRS990/NbrVotingGoverningBodyMembers015
IRS990/NbrVotingMembersGoverningBody015
IRS990/NetAssetsOrFundBalancesBOY0708407
IRS990/NetAssetsOrFundBalancesEOY01791685
IRS990/NetUnrelatedBusinessTxblIncome00
IRS990/NoListedPersonsCompensated0X
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith109600
IRS990/NumberIndependentVotingMembers015
IRS990/NumberIndividualsGT100K00
IRS990/NumberOfContractorsGT100K01
IRS990/NumberOfEmployees00
IRS990/NumberW2GIncluded00
IRS990/OfficeExpenses/ManagementAndGeneral016854
IRS990/OfficeExpenses/Total016854
IRS990/OfficerEntityWithBsnssRltnshp00
IRS990/OfficerMailingAddress00
IRS990/Organization501c30X
IRS990/OtherExpensePriorYear0605809
IRS990/OtherExpensesCurrentYear0763532
IRS990/OtherExpenses/Description0APPLICATION EXPENSE
IRS990/OtherExpenses/ProgramServices010000
IRS990/OtherExpenses/Total010000
IRS990/OtherLiabilities/BOY084604
IRS990/OtherLiabilities/EOY061104
IRS990/OtherRevenueCurrentYear00
IRS990/OtherRevenuePriorYear036
IRS990/PartialLiquidation00
IRS990/PoliticalActivities00
IRS990/PremiumsPaid00
IRS990/PrepaidExpensesDeferredCharges/BOY06071
IRS990/PrepaidExpensesDeferredCharges/EOY06071
IRS990/PriorExcessBenefitTransaction00
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenue/BusinessCode0531390
IRS990/ProgramServiceRevenue/BusinessCode1531390
IRS990/ProgramServiceRevenue/BusinessCode2531390
IRS990/ProgramServiceRevenue/BusinessCode3531390
IRS990/ProgramServiceRevenueCY01831749
IRS990/ProgramServiceRevenue/Description0FEE INCOME
IRS990/ProgramServiceRevenue/Description1COMPLIANCE FEE INCOME
IRS990/ProgramServiceRevenue/Description2AUDIT & TAX INCOME
IRS990/ProgramServiceRevenue/Description3LOAN SERVICING FEE INC
IRS990/ProgramServiceRevenuePriorYear0845619
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome01181250
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome1534192
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome290001
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome326306
IRS990/ProgramServiceRevenue/TotalRevenueColumn01181250
IRS990/ProgramServiceRevenue/TotalRevenueColumn1534192
IRS990/ProgramServiceRevenue/TotalRevenueColumn290001
IRS990/ProgramServiceRevenue/TotalRevenueColumn326306
IRS990/ProhibitedTaxShelterTrans00
IRS990/QuidProQuoContributions00
IRS990/ReconcilationOtherChanges00
IRS990/ReconcilationRevenueExpenses01083278
IRS990/RegularMonitoringEnforcement01
IRS990/RelatedEntity01
IRS990/RelatedOrgControlledEntity00
IRS990/ReportFin48Footnote00
IRS990/ReportInvestOthSecurities00
IRS990/ReportLandBldgEquip00
IRS990/ReportOtherAssets00
IRS990/ReportOtherLiabilities01
IRS990/ReportProgRelInvest00
IRS990/Revenue01831749
IRS990/RevenuesLessExpensesCY01083278
IRS990/RevenuesLessExpensesPriorYear0258518
IRS990/SalariesEtcCurrentYear00
IRS990/SalariesEtcPriorYear00
IRS990/SavingsAndTempCashInvestments/BOY0500913
IRS990/SavingsAndTempCashInvestments/EOY0865243
IRS990ScheduleA/AmtsFromSubstContributors/Total00
IRS990ScheduleA/AmtsRecdFromDisqualPersons/Total00
IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYear015061
IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYearMinus1Year018672
IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYearMinus2Years026021
IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYearMinus3Years029260
IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYearMinus4Years032318
IRS990ScheduleA/GrossInvestmentIncome509/Total0121332
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYear01831749
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus1Year0845619
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus2Years0273206
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus3Years0273204
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus4Years01038877
IRS990ScheduleA/GrossReceiptsFromAdmissions/Total04262655
IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYear015061
IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYearMinus1Year018672
IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYearMinus2Years026021
IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYearMinus3Years029260
IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYearMinus4Years032318
IRS990ScheduleA/InvestmentIncomeAndUBTI/Total0121332
IRS990ScheduleA/InvestmentIncomePercentage00.02770
IRS990ScheduleA/OtherIncome509/CurrentTaxYearMinus1Year036
IRS990ScheduleA/OtherIncome509/CurrentTaxYearMinus2Years036
IRS990ScheduleA/OtherIncome509/Total072
IRS990ScheduleA/PriorYearSupportPercentage00.96720
IRS990ScheduleA/PriorYrInvestIncomePercentage00.03270
IRS990ScheduleA/PubliclySupportedOrg509a20X
IRS990ScheduleA/PublicSupportPercentage50900.97230
IRS990ScheduleA/PublicSupportTotal50904262655
IRS990ScheduleA/SupportFromDQPsEtc/Total00
IRS990ScheduleA/ThirtyThreePercntTestsCY5090X
IRS990ScheduleA/Total509/CurrentTaxYear01831749
IRS990ScheduleA/Total509/CurrentTaxYearMinus1Year0845619
IRS990ScheduleA/Total509/CurrentTaxYearMinus2Years0273206
IRS990ScheduleA/Total509/CurrentTaxYearMinus3Years0273204
IRS990ScheduleA/Total509/CurrentTaxYearMinus4Years01038877
IRS990ScheduleA/Total509/Total04262655
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYear01846810
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus1Year0864327
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus2Years0299263
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus3Years0302464
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus4Years01071195
IRS990ScheduleA/TotalSupportTotal/Total04384059
IRS990/ScheduleBRequired00
IRS990ScheduleD/ExcessOrDeficitForYear01083278
IRS990ScheduleD/ExcessOrDeficitPerFS01083278
IRS990ScheduleD/ExpensesNotRptdF99000
IRS990ScheduleD/ExpensesNotRptdOnFinStmt00
IRS990ScheduleD/ExpensesSubtotal0763532
IRS990ScheduleD/OtherLiabilities/Amount025000
IRS990ScheduleD/OtherLiabilities/Amount17000
IRS990ScheduleD/OtherLiabilities/Amount229104
IRS990ScheduleD/OtherLiabilities/Description0DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilities/Description1ACCRUED ACCOUNTING FEES
IRS990ScheduleD/OtherLiabilities/Description2REPAYABLE GRANTS
IRS990ScheduleD/RevenueNotRptdF99000
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal01846810
IRS990ScheduleD/TotalExpenses0763532
IRS990ScheduleD/TotalExpensesPerForm9900763532
IRS990ScheduleD/TotalOfAmounts061104
IRS990ScheduleD/TotalOfBookValueLandBuildings00
IRS990ScheduleD/TotalRevenue01846810
IRS990ScheduleD/TotalRevenuePerForm99001846810
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt0763532
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt01846810
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0ANOTHER NON-PROFIT ORGANIZATION HAS BEEN CONTRACTED TO PERFORM LOAN SERVICING AND BOOKKEEPING FOR MICHIGAN MAGNET FUND.
IRS990ScheduleO/GeneralExplanation/Explanation1990 PRESENTED TO BOARD AND EXECUTIVE COMMITTEE FOR REVIEW.
IRS990ScheduleO/GeneralExplanation/Explanation2ANNUAL MEETING REQUIRES AFFIRMATION OF CONFLICTS POLICY AND ALL MEETINGS REQUIRE DISCLOSURE OF PERSONAL CONFLICT.
IRS990ScheduleO/GeneralExplanation/Explanation3MICHIGAN MAGNET FUND DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/GeneralExplanation/Explanation4THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990 PART XI, LINE 2C
IRS990/ScheduleORequired01
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine101000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine111000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine121000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine131000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine141000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine151000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine161000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine171000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine181000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine191000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1101000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1111000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1121000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1131000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1141000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1151000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1161000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1171000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1181000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1191000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1201000 SOUTH WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine1211000 SOUTH WASHINGTON AVE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,141,370
Liabilities
$349,685
Net assets
$1,791,685
Revenue
-
Expenses
$763,532
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.9$59.7$15.2$9.69$9.15$0.54
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$78.0$60.3$17.7$4.45$6.04$1.59
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.9$40.9$5.98$3.74$2.73$1.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.2$30.4$4.87$2.97$1.32$1.66
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.0$13.2$2.88$2.44$2.52$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.82$0.17$2.65$0.71$0.63$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.78$0.20$2.58$0.73$0.61$0.12
2013Detailed filing. Detailed filing data is available for this year.$2.75$0.28$2.48$1.09$0.77$0.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.14$0.35$1.79$0.76
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2011 filings • 501(c)3 • $1M-$5M nonprofits