Civic Intelligence

Local Media Foundation

990 • Fiscal year 2016 • EIN 36-4427750

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 06, 2017

Organization ProfileWWW.LOCALMEDIA.ORG/FOUNDATION.ASPX
PO Box 450Lake City, MI 49651

(231) 839-8651

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.81x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

87th percentile

0.19x

Higher debt load relative to revenue than 87% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

30th percentile

-4.9%

Higher net margin than 30% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

100th percentile

$299,871

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 89.2% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

30th percentile

-8.7%

Faster asset growth than 30% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

28th percentile

-16%

Faster revenue growth than 28% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$80,057

Down $7,586 (-8.7%) from 2015

Net Assets

Down

$15,597

Down $16,324 (-51%) from 2015

Liabilities

Up

$64,460

Up $8,738 (+16%) from 2015

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin30th percentile

Revenue

Down

$336,080

Down $61,936 (-16%) from 2015

Expenses

Down

$352,404

Down $71,012 (-17%) from 2015

Net Income

Up

-$16,324

Up $9,076 (+36%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $60,193Liabilities 2010: $49,598Net Assets 2010: $10,5952010Assets 2012: $165,126Liabilities 2012: $24,787Net Assets 2012: $140,3392012Assets 2013: $162,149Liabilities 2013: $8,092Net Assets 2013: $154,0572013Assets 2014: $88,193Liabilities 2014: $30,872Net Assets 2014: $57,3212014Assets 2015: $87,643Liabilities 2015: $55,722Net Assets 2015: $31,9212015Assets 2016: $80,057Liabilities 2016: $64,460Net Assets 2016: $15,5972016Assets 2017: $91,910Liabilities 2017: $46,618Net Assets 2017: $45,2922017Assets 2018: $1,081,567Liabilities 2018: $1,027,313Net Assets 2018: $54,2542018Assets 2019: $917,173Liabilities 2019: $667,461Net Assets 2019: $249,7122019Assets 2020: $2,151,695Liabilities 2020: $1,323,477Net Assets 2020: $828,2182020Assets 2021: $3,508,085Liabilities 2021: $3,051,026Net Assets 2021: $457,0592021Assets 2022: $4,498,915Liabilities 2022: $2,861,051Net Assets 2022: $1,637,8642022Assets 2023: $4,341,510Liabilities 2023: $2,093,760Net Assets 2023: $2,247,7502023Assets 2024: $6,345,849Liabilities 2024: $1,311,045Net Assets 2024: $5,034,8042024

Highlighted filing

2016

Assets$80,057
Liabilities$64,460
Net Assets$15,597
Open 2016 Filing

Operations Trend

Revenue Growth28th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $201,0812010Expenses 2012: $259,6672012Revenue 2013: $301,609Expenses 2013: $287,891Net Income 2013: $13,7182013Revenue 2014: $367,192Expenses 2014: $463,928Net Income 2014: -$96,7362014Revenue 2015: $398,016Expenses 2015: $423,416Net Income 2015: -$25,4002015Revenue 2016: $336,080Expenses 2016: $352,404Net Income 2016: -$16,3242016Revenue 2017: $488,163Expenses 2017: $458,468Net Income 2017: $29,6952017Revenue 2018: $469,833Expenses 2018: $460,871Net Income 2018: $8,9622018Revenue 2019: $1,593,866Expenses 2019: $1,398,408Net Income 2019: $195,4582019Revenue 2020: $5,522,543Expenses 2020: $4,944,037Net Income 2020: $578,5062020Revenue 2021: $2,006,681Expenses 2021: $2,375,692Net Income 2021: -$369,0112021Revenue 2022: $5,768,285Expenses 2022: $4,554,696Net Income 2022: $1,213,5892022Revenue 2023: $6,588,923Expenses 2023: $5,991,755Net Income 2023: $597,1682023Revenue 2024: $9,394,019Expenses 2024: $6,606,965Net Income 2024: $2,787,0542024

Highlighted filing

2016

Revenue$336,080
Expenses$352,404
Net Income-$16,324
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 6, 2017
Return Version
2016v3.0
Gross Receipts
$336,080
Mission and Program Overview

Mission

The local media foundation's mission is to ensure a healthy future for local journalism, which is essential to a strong democracy, by reinventing business models for news.

To educate and guide media companies through their digital transformation to better serve local communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$67,486$42,029▼ $25,457
Savings and Temporary Cash Investments$15,813$15,817▲ $4
Prepaid Expenses and Deferred Charges$1,315$4,947▲ $3,632
Land, Buildings, and Equipment, Net$0$1,931▲ $1,931
Accounts Receivable$3,029$1,071▼ $1,958
Total Assets$87,643$80,057▼ $7,586
Other Assets Total$0$14,262▲ $14,262
Liabilities
Deferred Revenue$36,759$53,115▲ $16,356
Accounts Payable and Accrued Expenses$18,963$9,225▼ $9,738
Other Liabilities$0$2,120▲ $2,120
Total Liabilities$55,722$64,460▲ $8,738
Net Assets / Fund Balance
Unrestricted Net Assets$31,921$15,597▼ $16,324
Total Net Assets Fund Balance$31,921$15,597▼ $16,324
Total Liabilities and Net Assets / Fund Balance$87,643$80,057▼ $7,586

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,931$84-
Other Assets Org$14,262--
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Al CupoDirector of R&d ServicesPT$12,576$135,374$147,950
Nancy Cawley LanePresidentPT$57,863$8,144$66,007

Board Members and Trustees

NameTitle
Jon RustChairman
Emily WalshImmediate Past Chairwoman
David ArkinFirst Vice Chairman
Chris WeatherlyDirector
Eric BrightDirector
Guy TasakaDirector
Liz WhiteDirector
Matt CoenDirector
Stephanie SlagleDirector
Stephen WadeDirector
Suzanne SchlichtSecretary
Gordon BorrellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$29,013
Program Service Revenue
$297,504
Investment Income
$3
Other Revenue
$9,560
All Other Contributions
$29,013
Change in Net Assets
$-16,324
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$242,520
Other Expenses$109,884
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$43,859$83,221-$127,080
Current Officers, Directors, Trustees, and Key Employees-$57,863-$57,863
Travel$52,462--$52,462
Other Employee Benefits$12,183$23,458-$35,641
Payroll Taxes$4,596$10,286-$14,882
Pension Plan Contributions$2,138$4,916-$7,054
All Other Expenses$4,881$539-$5,420
Fees for Services Other$5,200--$5,200
Information Technology$5,158--$5,158
Other Expenses$4,452$100-$4,552
Office Expenses$1,370$128-$1,498
Fees for Services Accounting-$900-$900
Advertising$107--$107
Depreciation Depletion-$84-$84
Total Functional Expenses$169,134$183,270$0$352,404
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$9,055
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Dream Local DigitalLocal Media Foundation Partnered With Dream Local Digital for Facebook Training and Shared Profit Based on an Agreed Upon Percentage.No$7,540
-Deseret Digital MediaLocal Media Foundation Partnered With Deseret Digital Media to Produce a Boot Camp Where Deseret Produced Most of the Content. Local Media Foundation and Deseret Digital Shared Profits Based on an Agreed-upon Percentage.No$6,053
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Other Funds$2,120
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Members of the board of directors own companies that transact business with each other.”

Form 990, Part VI, Section A, Line 7A

“The foundation board members are appointed by the board of directors of local media association.”

Form 990, Part VI, Section A, Line 7B

“The local media association (lma) board of directors provides financial oversight to the lmf board and the lma board chair serves as the vice chairman and treasurer of the lmf board. Additionally, the lma board must approve certain things such as bylaws changes, dissolution and appointment of officers and directors.”

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

“The board or its representative receive a draft copy of the 990 for review before it is finalized and filed.”

Form 990, Part VI, Section B, Line 12C

“The board of its representative receive a draft copy of the 990 for review before it is finalized and filed.”

Form 990, Part VI, Section B, Line 15

“The compensation committee reviews the annual compensation of the president by reference to comparability data. The decisions of the compensation committee are documented in the president's personnel file.”

Form 990, Part VI, Section C, Line 18

“Any interested parties may obtain the noted documents upon request.”

Form 990, Part VI, Section C, Line 19

“Any interested parties may obtain the noted documents upon request.”

Filing and Contact Details

Filer

Filer Name
Local Media Foundation
EIN
36-4427750
Phone
2318398651
Address
PO BOX 450, LAKE CITY, MI 49651

Signing Officer

Name
Ms Nancy Cawley Lane
Title
President
Phone
2319322971
Signed
2017-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ms Nancy Cawley Lane
Formed
2001
Legal Domicile
Mi
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Weinlander Fitzhugh
Address
601 BEECH ST, CLARE, MI 48617
Preparer
Shelly Browning CPA
Phone
9893863481
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization did not change the oversight process of the audit or the selection process of an independent accountat in the year.”

Financial Statement Notes

PART X, LINE 2:

“The foundation was formed by lma in 2001 and is incorporated as a trust and is currently exempt from federal income tax under the provisions of section 501(c)(3) of the internal revenue code. The foundation is also exempt from state income tax. The foundation files information and income tax returns in the u.s. Federal and state of michigan jurisdictions. With few exceptions, the association is no longer subject to u.s. Federal or state income tax examinations by tax authorities for years before 2011.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF R&D SERVICES
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IRS990/MissionDesc0THE LOCAL MEDIA FOUNDATION'S MISSION IS TO EDUCATE AND GUIDE MEDIA COMPANIES THROUGH DIGITAL TRANSFORMATION TO BETTER SERVE LOCAL COMMUNITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt031921
IRS990/NetAssetsOrFundBalancesEOYAmt015597
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt09055
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt09055
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt03231
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0128
IRS990/OfficeExpensesGrp/ProgramServicesAmt01370
IRS990/OfficeExpensesGrp/TotalAmt01498
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt014262
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt023458
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt012183
IRS990/OtherEmployeeBenefitsGrp/TotalAmt035641
IRS990/OtherExpensesGrp/Desc0COMMISSIONS
IRS990/OtherExpensesGrp/Desc1OTHER
IRS990/OtherExpensesGrp/Desc2TOUR MEALS
IRS990/OtherExpensesGrp/Desc3CREDIT CARD FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0135
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11640
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2100
IRS990/OtherExpensesGrp/ProgramServicesAmt018262
IRS990/OtherExpensesGrp/ProgramServicesAmt16802
IRS990/OtherExpensesGrp/ProgramServicesAmt27664
IRS990/OtherExpensesGrp/ProgramServicesAmt34452
IRS990/OtherExpensesGrp/TotalAmt018397
IRS990/OtherExpensesGrp/TotalAmt18442
IRS990/OtherExpensesGrp/TotalAmt27664
IRS990/OtherExpensesGrp/TotalAmt34552
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt02120
IRS990/OtherRevenueMiscGrp/BusinessCd0511110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0505
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0505
IRS990/OtherRevenueTotalAmt0505
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt083221
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt043859
IRS990/OtherSalariesAndWagesGrp/TotalAmt0127080
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010286
IRS990/PayrollTaxesGrp/ProgramServicesAmt04596
IRS990/PayrollTaxesGrp/TotalAmt014882
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04916
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02138
IRS990/PensionPlanContributionsGrp/TotalAmt07054
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01315
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04947
IRS990/PrincipalOfficerNm0MS NANCY CAWLEY LANE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0511110
IRS990/ProgramServiceRevenueGrp/BusinessCd1511110
IRS990/ProgramServiceRevenueGrp/BusinessCd2511110
IRS990/ProgramServiceRevenueGrp/BusinessCd3511110
IRS990/ProgramServiceRevenueGrp/BusinessCd4511110
IRS990/ProgramServiceRevenueGrp/Desc0NORTH AMERICAN INNOVAT
IRS990/ProgramServiceRevenueGrp/Desc1TRAINING
IRS990/ProgramServiceRevenueGrp/Desc2LMIA
IRS990/ProgramServiceRevenueGrp/Desc3NATIVE ADVERTISING
IRS990/ProgramServiceRevenueGrp/Desc4CHIEF DIGITAL CLUB
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0122645
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1105299
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt254072
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt310220
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt45268
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0122645
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1105299
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt254072
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt310220
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt45268
IRS990/ProgSrvcAccomActy2Grp/Desc0THE LOCAL MEDIA FOUNDATION INNOVATION ALLIANCE IS A SUBSCRIPTION-BASED PROGRAM THAT PROVIDES MONTHLY RESEARCH PAPERS AND RELATED WEBINARS FOCUSED ON THE FOLLOWING: NEW AND SUSTAINABLE BUSINESS MODELS IN THE DIGITAL AGE, MONETIZING THE DIGITAL SIDE OF BUSINESS, NEW CONTENT STRATEGIES, AND PROMISING NEW TRENDS IN ALL AREAS OF MULTI-MEDIA PUBLISHING.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt05301
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt054072
IRS990/ProgSrvcAccomActy3Grp/Desc0THE DIGITAL TRAINING DIVISION EDUCATES LOCAL MEDIA EXECUTIVES IN ALL AREAS OF DIGITAL TRANSFORMATION INCLUDING SOCIAL MEDIA, SALES, SEARCH, ANALYTICS AND MORE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt096860
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0105299
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt07971
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt018719
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0102052
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt017
IRS990/PYOtherExpensesAmt0176302
IRS990/PYOtherRevenueAmt010019
IRS990/PYProgramServiceRevenueAmt0285928
IRS990/PYRevenuesLessExpensesAmt0-25400
IRS990/PYSalariesCompEmpBnftPaidAmt0247114
IRS990/PYTotalExpensesAmt0423416
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0398016
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-16324
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0122645
IRS990/SavingsAndTempCashInvstGrp/BOYAmt015813
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015817
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0520914204
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LOCAL MEDIA ASSOCIATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt01931
IRS990ScheduleD/EquipmentGrp/DepreciationAmt084
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt02015
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt014262
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM OTHER FUNDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02120
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO OTHER FUNDS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION WAS FORMED BY LMA IN 2001 AND IS INCORPORATED AS A TRUST AND IS CURRENTLY EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS ALSO EXEMPT FROM STATE INCOME TAX. THE FOUNDATION FILES INFORMATION AND INCOME TAX RETURNS IN THE U.S. FEDERAL AND STATE OF MICHIGAN JURISDICTIONS. WITH FEW EXCEPTIONS, THE ASSOCIATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01931
IRS990ScheduleD/TotalBookValueOtherAssetsAmt014262
IRS990ScheduleD/TotalLiabilityAmt02120
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$80,057
Liabilities
$64,460
Net assets
$15,597
Revenue
$336,080
Expenses
$352,404
Net income
-$16,324
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.35$1.31$5.03$9.39$6.61$2.79
2023Detailed filing. Detailed filing data is available for this year.$4.34$2.09$2.25$6.59$5.99$0.60
2022Detailed filing. Detailed filing data is available for this year.$4.50$2.86$1.64$5.77$4.55$1.21
2021Detailed filing. Detailed filing data is available for this year.$3.51$3.05$0.46$2.01$2.38$0.37
2020Detailed filing. Detailed filing data is available for this year.$2.15$1.32$0.83$5.52$4.94$0.58
2019Detailed filing. Detailed filing data is available for this year.$0.92$0.67$0.25$1.59$1.40$0.20
2018Detailed filing. Detailed filing data is available for this year.$1.08$1.03$0.05$0.47$0.46$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.09$0.05$0.05$0.49$0.46$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.08$0.06$0.02$0.34$0.35$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.09$0.06$0.03$0.40$0.42$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.09$0.03$0.06$0.37$0.46$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.16$0.01$0.15$0.30$0.29$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.02$0.14$0.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.05$0.01$0.20