Civic Intelligence

Agc Educational Endowment Fund

990 • Fiscal year 2019 • EIN 34-6480126

Jan 01, 2019 to Dec 31, 2019 • Filed on May 12, 2020

Organization ProfileWWW.AGCMICHIGAN.ORG
2323 N Larch StreetLansing, MI 48906

(517) 371-1550

Siviq Scores

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

Liabilities / Assets

48th percentile

0.07x

Higher debt load relative to assets than 48% of similar nonprofits.

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

Liabilities / Revenue

91st percentile

1.92x

Higher debt load relative to revenue than 91% of similar nonprofits.

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

Net Margin

18th percentile

-12%

Higher net margin than 18% of similar nonprofits.

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

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

74th percentile

15%

Faster asset growth than 74% of similar nonprofits.

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

Revenue Growth

42nd percentile

1.0%

Faster revenue growth than 42% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$1,106,721

Up $145,116 (+15%) from 2018

Net Assets

Up

$1,027,106

Up $101,421 (+11%) from 2018

Liabilities

Up

$79,615

Up $43,695 (+122%) from 2018

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin18th percentile

Revenue

Up

$41,432

Up $418 (+1.0%) from 2018

Expenses

Up

$46,500

Up $29,000 (+166%) from 2018

Net Income

Down

-$5,068

Down $28,582 (-122%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $493,586Liabilities 2011: $1,090Net Assets 2011: $492,4962011Assets 2014: $719,108Liabilities 2014: $8,358Net Assets 2014: $710,7502014Assets 2015: $754,181Liabilities 2015: $15,840Net Assets 2015: $738,3412015Assets 2016: $833,908Liabilities 2016: $22,541Net Assets 2016: $811,3672016Assets 2017: $974,239Liabilities 2017: $38,731Net Assets 2017: $935,5082017Assets 2018: $961,605Liabilities 2018: $35,920Net Assets 2018: $925,6852018Assets 2019: $1,106,721Liabilities 2019: $79,615Net Assets 2019: $1,027,1062019Assets 2020: $1,204,114Liabilities 2020: $110,489Net Assets 2020: $1,093,6252020Assets 2021: $1,347,260Liabilities 2021: $114,253Net Assets 2021: $1,233,0072021Assets 2022: $1,209,447Liabilities 2022: $141,713Net Assets 2022: $1,067,7342022Assets 2024: $1,536,699Liabilities 2024: $278,831Net Assets 2024: $1,257,8682024

Highlighted filing

2019

Assets$1,106,721
Liabilities$79,615
Net Assets$1,027,106
Open 2019 Filing

Operations Trend

Revenue Growth42nd percentile

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

$150K$100K$50K$0-$50K-$100KRevenue 2011: $43,379Expenses 2011: $18,500Net Income 2011: $24,8792011Revenue 2014: $54,581Expenses 2014: $35,095Net Income 2014: $19,4862014Revenue 2015: $65,665Expenses 2015: $27,811Net Income 2015: $37,8542015Revenue 2016: $63,862Expenses 2016: $27,593Net Income 2016: $36,2692016Revenue 2017: $71,009Expenses 2017: $21,122Net Income 2017: $49,8872017Revenue 2018: $41,014Expenses 2018: $17,500Net Income 2018: $23,5142018Revenue 2019: $41,432Expenses 2019: $46,500Net Income 2019: -$5,0682019Revenue 2020: $37,267Expenses 2020: $47,200Net Income 2020: -$9,9332020Revenue 2021: $63,295Expenses 2021: $55,545Net Income 2021: $7,7502021Revenue 2022: $40,571Expenses 2022: $54,997Net Income 2022: -$14,4262022Revenue 2024: $63,790Expenses 2024: $125,797Net Income 2024: -$62,0072024

Highlighted filing

2019

Revenue$41,432
Expenses$46,500
Net Income-$5,068
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 12, 2020
Return Version
2019v5.1
Gross Receipts
$56,954
Mission and Program Overview

Mission

Formed for the purpose of establishing a scholarship fund for students who are pursuing college, university, technical, or similar advanced education and training related to architectural, engineering, or construction trades.

Scholarships given to qualified students to help with college tuition.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$660,790$727,396▲ $66,606
Cash and Non-Interest-Bearing Accounts$298,878$378,625▲ $79,747
Accounts Receivable$1,937$700▼ $1,237
Total Assets$961,605$1,106,721▲ $145,116
Liabilities
Other Liabilities$35,920$79,615▲ $43,695
Total Liabilities$35,920$79,615▲ $43,695
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,023,852$1,125,273▲ $101,421
Net Assets Without Donor Restrictions$-98,167$-98,167→ $0
Total Net Assets Fund Balance$925,685$1,027,106▲ $101,421
Total Liabilities and Net Assets / Fund Balance$961,605$1,106,721▲ $145,116

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$727,396--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$1,023,852$24,575▲ $123,346-$1,125,273
2018$1,033,675$18,882▼ $11,205-$1,023,852
2017$909,534$51,010▲ $94,131-$1,033,675
2016$826,508$43,248▲ $57,278-$909,534
2015$788,917$47,776▲ $7,315-$826,508
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Damian HillPresident
Bill LitzDirector
George KerverDirector
Jennifer Sulak-brownDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$27,600
Program Service Revenue
$0
Investment Income
$16,884
Other Revenue
$-3,052
All Other Contributions
$6,500
Change in Net Assets
$-5,068
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$46,500
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$37,000--$37,000
Grants to Domestic Orgs$9,500--$9,500
Total Functional Expenses$46,500$0$0$46,500
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Associated Construction StudentsBig Rapids, MI-Chapter Funding$6,000
Northern Michigan ConstructorsMarquette, MI-Chapter Funding$2,000
Husky ConstructionHoughton, MI-Chapter Funding$1,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$15,522
Fundraising Gross Income$12,470
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
2019 Golf Outing$33,570$12,470$63$12,407
Total Events$33,570$12,470$15,522$-3,052
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Payable$79,615
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A draft of form 990 is provided to the trustees for review prior to filing.”

Form 990, Part VI, Section C, Line 19

“The financial statements are available to the public upon request only.”

Filing and Contact Details

Filer

Filer Name
Agc Educational Endowment Fund
EIN
34-6480126
Phone
5173711550
Address
2323 N LARCH STREET, LANSING, MI 48906

Signing Officer

Name
Damian Hill
Title
CEO/president
Phone
5173711550
Signed
2020-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Damian Hill
Formed
1984
Legal Domicile
Mi
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Doeren Mayhew
Address
305 WEST BIG BEAVER ROAD, TROY, MI 48084
Preparer
Patrick D Fuelling CPA
Phone
2482443000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“Student chapter funding was provided to ferris, northern and mtu for education and training related to architectual, engineering or constuction trades.”

FORM 990, PART XII, LINE 2C:

“The organization has a committee that assumes the responsibility for the oversight of the audit of its financial statements and selection of an independent accountant.”

Financial Statement Notes

PART V, LINE 4:

“The educational fund is a trust fund under which the earnings are used for scholarships given to promote the construction industry.”

PART X, LINE 2:

“The association is incorporated under the laws of the state of michigan as a not-for-profit corporation. The association is exempt from federal income taxes under section 501(c)(6) of the internal revenue code and is, therefore, subject to income tax only on income sources not directly related to its exempt purpose. The agc educational fund is a separate entity granted tax-exempt status under section 501(c)(3) of the internal revenue code. This is a trust fund under which the earnings are used for scholarships given to promote the construction industry. Accounting principles generally accepted in the united states of america clarify the accounting and recognition for income tax positions taken or expected to be taken in the association's income tax returns. The association's income tax filings are subject to audit by various taxing authorities. The association's open audit periods are 2016 - 2019.”

Raw XML AppendixShowing 400 of 427 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/AccountantCompileOrReviewInd00
IRS990/AccountsReceivableGrp/BOYAmt01937
IRS990/AccountsReceivableGrp/EOYAmt0700
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SCHOLARSHIPS GIVEN TO QUALIFIED STUDENTS TO HELP WITH COLLEGE TUITION.
IRS990/AllOtherContributionsAmt06500
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DAMIAN HILL
IRS990/BooksInCareOfDetail/PhoneNum05173711550
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02323 N LARCH ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0LANSING
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd048906
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0298878
IRS990/CashNonInterestBearingGrp/EOYAmt0378625
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContriRptFundraisingEventAmt021100
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt027600
IRS990/CYGrantsAndSimilarPaidAmt046500
IRS990/CYInvestmentIncomeAmt016884
IRS990/CYOtherExpensesAmt00
IRS990/CYOtherRevenueAmt0-3052
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-5068
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt046500
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt041432
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0SCHOLARSHIPS GIVEN TO QUALIFIED STUDENTS TO HELP WITH COLLEGE TUITION.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt01023852
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01125273
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt037000
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0BILL LITZ
IRS990/Form990PartVIISectionAGrp/PersonNm1JENNIFER SULAK-BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm2GEORGE KERVER
IRS990/Form990PartVIISectionAGrp/PersonNm3DAMIAN HILL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01984
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt021100
IRS990/FundraisingDirectExpensesAmt015522
IRS990/FundraisingGrossIncomeAmt012470
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt037000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt037000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt037000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt09500
IRS990/GrantsToDomesticOrgsGrp/TotalAmt09500
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt056954
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt016884
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt016884
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0660790
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0727396
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FORMED FOR THE PURPOSE OF ESTABLISHING A SCHOLARSHIP FUND FOR STUDENTS WHO ARE PURSUING COLLEGE, UNIVERSITY, TECHNICAL, OR SIMILAR ADVANCED EDUCATION AND TRAINING RELATED TO ARCHITECTURAL, ENGINEERING, OR CONSTRUCTION TRADES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0925685
IRS990/NetAssetsOrFundBalancesEOYAmt01027106
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-3052
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-3052
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0106489
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-98167
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-98167
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt035920
IRS990/OtherLiabilitiesGrp/EOYAmt079615
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DAMIAN HILL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0STUDENT CHAPTER FUNDING WAS PROVIDED TO FERRIS, NORTHERN, AND MTU FOR EDUCATION AND TRAINING RELATED TO ARCHITECTUAL, ENGINEERING, OR CONSTRUCTION TRADES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt09500
IRS990/ProgSrvcAccomActy2Grp/GrantAmt09500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt018641
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt017500
IRS990/PYInvestmentIncomeAmt022373
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt023514
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt017500
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt041014
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-5068
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt027600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt018641
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt011800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt012685
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt014528
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt085254
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt016884
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt022373
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt019999
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt020614
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt017889
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt097759
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0213990
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.46580
IRS990ScheduleA/PublicSupportPY170Pct00.38780
IRS990ScheduleA/PublicSupportTotal170Amt085254
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt027600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt018641
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt011800
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt012685
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt014528
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt085254
IRS990ScheduleA/TotalSupportAmt0183013
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.75050
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01023852
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt024575
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01125273
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt046500
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0123346
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01033675
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt018882
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01023852
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt017500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-11205
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0909534
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt051010
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01033675
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt021000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt094131
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0826508
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt043248
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0909534
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt017500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt057278
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0788917
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt047776
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0826508
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt017500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07315
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt079615
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTERCOMPANY PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0727396
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MARKETABLE SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE EDUCATIONAL FUND IS A TRUST FUND UNDER WHICH THE EARNINGS ARE USED FOR SCHOLARSHIPS GIVEN TO PROMOTE THE CONSTRUCTION INDUSTRY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION IS INCORPORATED UNDER THE LAWS OF THE STATE OF MICHIGAN AS A NOT-FOR-PROFIT CORPORATION. THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, SUBJECT TO INCOME TAX ONLY ON INCOME SOURCES NOT DIRECTLY RELATED TO ITS EXEMPT PURPOSE. THE AGC EDUCATIONAL FUND IS A SEPARATE ENTITY GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THIS IS A TRUST FUND UNDER WHICH THE EARNINGS ARE USED FOR SCHOLARSHIPS GIVEN TO PROMOTE THE CONSTRUCTION INDUSTRY. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA CLARIFY THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE ASSOCIATION'S INCOME TAX RETURNS. THE ASSOCIATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE ASSOCIATION'S OPEN AUDIT PERIODS ARE 2016 - 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.24950
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0727396
IRS990ScheduleD/TotalLiabilityAmt079615
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt021100
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt021100
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt015522
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm02019 GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt033570
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt033570
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt012470
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt012470
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-3052
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt01154
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt01154
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt063
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt063
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt014305
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt014305
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt037000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS FOR STUDENTS PURSUING AN EDUCATION AND TRAINING RELATED TO ARCH
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/RecipientTable/CashGrantAmt06000
IRS990ScheduleI/RecipientTable/CashGrantAmt12000
IRS990ScheduleI/RecipientTable/CashGrantAmt21500
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CHAPTER FUNDING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1CHAPTER FUNDING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2CHAPTER FUNDING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ASSOCIATED CONSTRUCTION STUDENTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1NORTHERN MICHIGAN CONSTRUCTORS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2HUSKY CONSTRUCTION
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0605 S WARREN AVE GRN-227
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11401 PRESQUE ISLE AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2211 ELECTRIC ENERGY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BIG RAPIDS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MARQUETTE
IRS990ScheduleI/RecipientTable/USAddress/CityNm2HOUGHTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd049307
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd149855
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd249931
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIP RECIPIENTS ARE SELECTED ON THE BASIS OF ACADEMIC PERFORMANCE, EXTRACURRICULAR ACTIVITIES, EMPLOYMENT EXPERIENCE, FINANCIAL NEED, AND A DEMONSTRATED INTEREST IN A CONSTRUCTION INDUSTRY CAREER. APPLICATIONS ARE REVIEWED BY THE BOARD OF TRUSTEES OF THE AGC EDUCATIONAL ENDOWMENT FUND. FINALISTS ARE SELECTED IN FEBRUARY EACH YEAR. SCHOLARSHIP MONIES WILL BE AWARDED TO THE UNIVERSITY THE STUDENT ATTENDS IN AUGUST.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STUDENT CHAPTER FUNDING WAS PROVIDED TO FERRIS, NORTHERN AND MTU FOR EDUCATION AND TRAINING RELATED TO ARCHITECTUAL, ENGINEERING OR CONSTUCTION TRADES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF FORM 990 IS PROVIDED TO THE TRUSTEES FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST ONLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MICHIGAN ASSOCIATION OF CONSTRUCTORS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0381237235
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HELP EMPLOYERS DEVELOP & MAINTAIN HIGH STANDARDS OF ETHICS & PRACTICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02323 N LARCH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LANSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd048906
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0961605
IRS990/TotalAssetsEOYAmt01106721
IRS990/TotalAssetsGrp/BOYAmt0961605
IRS990/TotalAssetsGrp/EOYAmt01106721
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt027600
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt046500
IRS990/TotalFunctionalExpensesGrp/TotalAmt046500
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt035920
IRS990/TotalLiabilitiesEOYAmt079615
IRS990/TotalLiabilitiesGrp/BOYAmt035920
IRS990/TotalLiabilitiesGrp/EOYAmt079615
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0925685
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01027106
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt046500
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt013832
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt041432
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0961605
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01106721
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02323 N LARCH STREET
IRS990/USAddress/CityNm0LANSING
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048906
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.AGCMICHIGAN.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAMIAN HILL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05173711550
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AGC EDUCATIONAL ENDOWMENT FUND
ReturnHeader/Filer/BusinessNameControlTxt0AGCE

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
$1,106,721
Liabilities
$79,615
Net assets
$1,027,106
Revenue
$41,432
Expenses
$46,500
Net income
-$5,068
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$0.28$1.26$0.06$0.13$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.14$1.07$0.04$0.05$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.11$1.23$0.06$0.06$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.11$1.09$0.04$0.05$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.11$0.08$1.03$0.04$0.05$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.04$0.93$0.04$0.02$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.04$0.94$0.07$0.02$0.05
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.02$0.81$0.06$0.03$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.02$0.74$0.07$0.03$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.72$0.01$0.71$0.05$0.04$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.00$0.49$0.04$0.02$0.02