Civic Intelligence

Central Michigan University Research Corporation

990 • Fiscal year 2020 • EIN 36-4500805

Jul 01, 2019 to Jun 30, 2020 • Filed on Aug 31, 2020

Organization ProfileWWW.CMURC.COM

View Organization Page

Central Michigan UniversityMT Pleasant, MI 48858

(989) 774-2424

Siviq Scores

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

Liabilities / Assets

61st percentile

0.19x

Higher debt load relative to assets than 61% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

0.34x

Higher debt load relative to revenue than 70% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

34th percentile

-1.2%

Higher net margin than 34% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

81st percentile

$135,632

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

53rd percentile

7.2%

Faster asset growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

64th percentile

8.7%

Faster revenue growth than 64% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$2,121,341

Up $141,634 (+7.2%) from 2019

Net Assets

Down

$1,721,889

Down $26,095 (-1.5%) from 2019

Liabilities

Up

$399,452

Up $167,729 (+72%) from 2019

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin34th percentile

Revenue

Up

$1,191,041

Up $95,647 (+8.7%) from 2019

Expenses

Up

$1,205,646

Up $51,356 (+4.4%) from 2019

Net Income

Up

-$14,605

Up $44,291 (+75%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$15M$10M$5.0M$0Assets 2011: $864,130Liabilities 2011: $218,841Net Assets 2011: $645,2892011Assets 2012: $967,578Liabilities 2012: $123,982Net Assets 2012: $843,5962012Assets 2013: $1,210,728Liabilities 2013: $212,834Net Assets 2013: $997,8942013Assets 2014: $1,464,770Liabilities 2014: $213,059Net Assets 2014: $1,251,7112014Assets 2015: $1,593,296Liabilities 2015: $150,482Net Assets 2015: $1,442,8142015Assets 2016: $1,775,623Liabilities 2016: $177,586Net Assets 2016: $1,598,0372016Assets 2017: $1,905,594Liabilities 2017: $240,214Net Assets 2017: $1,665,3802017Assets 2018: $2,515,547Liabilities 2018: $716,100Net Assets 2018: $1,799,4472018Assets 2019: $1,979,707Liabilities 2019: $231,723Net Assets 2019: $1,747,9842019Assets 2020: $2,121,341Liabilities 2020: $399,452Net Assets 2020: $1,721,8892020Assets 2021: $2,118,644Liabilities 2021: $430,023Net Assets 2021: $1,688,6212021Assets 2022: $2,137,264Liabilities 2022: $373,213Net Assets 2022: $1,764,0512022Assets 2023: $12,713,736Liabilities 2023: $11,152,389Net Assets 2023: $1,561,3472023Assets 2024: $11,673,783Liabilities 2024: $9,808,101Net Assets 2024: $1,865,6822024Assets 2025: $9,848,725Liabilities 2025: $7,711,679Net Assets 2025: $2,137,0462025

Highlighted filing

2020

Assets$2,121,341
Liabilities$399,452
Net Assets$1,721,889
Open 2020 Filing

Operations Trend

Revenue Growth64th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $627,8912011Expenses 2012: $725,7022012Expenses 2013: $915,0062013Revenue 2014: $1,078,246Expenses 2014: $863,634Net Income 2014: $214,6122014Revenue 2015: $902,770Expenses 2015: $724,844Net Income 2015: $177,9262015Revenue 2016: $814,040Expenses 2016: $657,896Net Income 2016: $156,1442016Revenue 2017: $959,175Expenses 2017: $894,180Net Income 2017: $64,9952017Revenue 2018: $1,107,582Expenses 2018: $1,036,262Net Income 2018: $71,3202018Revenue 2019: $1,095,394Expenses 2019: $1,154,290Net Income 2019: -$58,8962019Revenue 2020: $1,191,041Expenses 2020: $1,205,646Net Income 2020: -$14,6052020Revenue 2021: $1,390,643Expenses 2021: $1,437,134Net Income 2021: -$46,4912021Revenue 2022: $1,534,681Expenses 2022: $1,639,929Net Income 2022: -$105,2482022Revenue 2023: $1,672,662Expenses 2023: $1,871,322Net Income 2023: -$198,6602023Revenue 2024: $3,243,868Expenses 2024: $2,916,821Net Income 2024: $327,0472024Revenue 2025: $3,459,491Expenses 2025: $3,188,127Net Income 2025: $271,3642025

Highlighted filing

2020

Revenue$1,191,041
Expenses$1,205,646
Net Income-$14,605
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Aug 31, 2020
Return Version
2019v5.0
Gross Receipts
$1,191,041
Mission and Program Overview

Mission

To receive, administer, and distribute funds to promote and encourage research, scholarship, creative activities, and other applied research and technology at cmu.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,587,870$1,504,453▼ $83,417
Savings and Temporary Cash Investments$295,074$583,023▲ $287,949
Investments in Publicly Traded Securities$33,608--
Accounts Receivable$34,821$24,083▼ $10,738
Investments Other Securities$13,664$13,664→ $0
Other Notes and Loans Receivable, Net$1$1→ $0
Cash and Non-Interest-Bearing Accounts$8,555$-9,997▼ $18,552
Total Assets$1,979,707$2,121,341▲ $141,634
Other Assets Total$6,114$6,114→ $0
Liabilities
Other Liabilities$116,715$165,439▲ $48,724
Unsecured Notes Loans Payable-$94,707-
Accounts Payable and Accrued Expenses$61,945$77,289▲ $15,344
Deferred Revenue$53,063$62,017▲ $8,954
Total Liabilities$231,723$399,452▲ $167,729
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,747,984$1,721,889▼ $26,095
Total Net Assets Fund Balance$1,747,984$1,721,889▼ $26,095
Total Liabilities and Net Assets / Fund Balance$1,979,707$2,121,341▲ $141,634

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,331,842$103,129$1,434,971
Equipment$172,611$126,745$299,356
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Erin StrangPresident/ceFT$118,690$16,942$135,632

Board Members and Trustees

NameTitle
Robert O DaviesChair
Chris MobergDirector
Daniel DralleDirector
David WeindorfDirector
Jane DavisonDirector
Jeff StoutenburgDirector
Kimberly NorrisDirector
Nancy RidleyDirector
Ray ChristieDirector
Raymond GunnDirector
Richard K StudleyDirector
William Kimbell JrDirector
Toby RothSecretary
Nicholas LongTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ssp Development Iv LLCRent-charges1100 S WASHINGTON AVE, Saginaw, MI 48601$126,930
Revenue and Support

Revenue Composition

Contributions and Grants
$732,742
Program Service Revenue
$60,264
Investment Income
$1,381
Other Revenue
$396,654
All Other Contributions
$47,081
Change in Net Assets
$-14,605

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,191,041
Revenue Not Reported on Form 990
$-6,840
Total Revenue per Audited Statements
$1,184,201
Total Revenue per Form 990
$1,191,041
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$717,352
Salaries, Compensation, and Employee Benefits$488,294
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$376,527$27,848-$404,375
Other Salaries and Wages$220,585$64,191-$284,776
Current Officers, Directors, Trustees, and Key Employees$73,137$73,137-$146,274
Depreciation Depletion$77,672$5,745-$83,417
Fees for Services Accounting$47,681$3,526-$51,207
Office Expenses$39,155$6,004-$45,159
Advertising$21,656$9,612-$31,268
Fees for Services Other$7,582$21,082-$28,664
Other Employee Benefits$19,015$4,796-$23,811
Payroll Taxes$18,189$5,272-$23,461
Insurance$10,640$4,723-$15,363
Travel$10,309$4,576-$14,885
Pension Plan Contributions$7,254$2,718-$9,972
Other Expenses$1,152$511-$1,663
Fees for Services Legal$210$15-$225
Total Functional Expenses$969,807$235,839$0$1,205,646

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,210,296
Expenses per Audited Statements$1,205,646
Total Expenses per Form 990$1,205,646
Expenses Not Reported on Form 990$4,650
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Development Funds Payable$141,706
Exchange Donations Payable$17,168
Security Deposit$6,565
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The president and board treasurer will review prior to filing.”

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

“As employees are hired, they are informed of the policy. They sign a form and are then reminded of the policy at the beginning of each new project. Directors disclose when they join the board and if they have anything new.”

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

“President salary determined by president of central michigan university.”

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

“The board retains the right of approval for the creation of any new positions. The board delegates authority to the president and ceo and the chair of the board to approve creation of positions and compensation.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Central Michigan University
EIN
36-4500805
Phone
9897742424
Address
CENTRAL MICHIGAN UNIVERSITY, MT PLEASANT, MI 48858

Signing Officer

Name
Erin Strang
Title
President/CEO
Phone
9897742424
Signed
2020-08-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erin Strang
Formed
2001
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
14
Employees
12
Volunteers
14

Preparer

Firm
Yeo & Yeo Pc
Address
P O BOX 248, ALMA, MI 48801
Preparer
Ali N Barnes
Phone
9894636108
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“BAD DEBT EXPENSE -4,650”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“BAD DEBT EXPENSE 4,650”

Raw XML AppendixShowing 400 of 554 raw XML fields

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IRS990/GovernmentGrantsAmt0685661
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01191041
IRS990/GrossRentsGrp/RealAmt0396654
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04723
IRS990/InsuranceGrp/ProgramServicesAmt010640
IRS990/InsuranceGrp/TotalAmt015363
IRS990/InvestmentIncomeGrp/ExclusionAmt01381
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01381
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt013664
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt013664
IRS990/InvestmentsPubTradedSecGrp/BOYAmt033608
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0229874
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01587870
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01504453
IRS990/LandBldgEquipCostOrOtherBssAmt01734327
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO RECEIVE, ADMINISTER, AND DISTRIBUTE FUNDS TO PROMOTE AND ENCOURAGE RESEARCH, SCHOLARSHIP, CREATIVE ACTIVITIES, AND OTHER APPLIED RESEARCH AND TECHNOLOGY AT CMU.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01747984
IRS990/NetAssetsOrFundBalancesEOYAmt01721889
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0396654
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0396654
IRS990/NetUnrlzdGainsLossesInvstAmt0-6840
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01747984
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01721889
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt027848
IRS990/OccupancyGrp/ProgramServicesAmt0376527
IRS990/OccupancyGrp/TotalAmt0404375
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06004
IRS990/OfficeExpensesGrp/ProgramServicesAmt039155
IRS990/OfficeExpensesGrp/TotalAmt045159
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06114
IRS990/OtherAssetsTotalGrp/EOYAmt06114
IRS990/OtherChangesInNetAssetsAmt0-4650
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04796
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt019015
IRS990/OtherEmployeeBenefitsGrp/TotalAmt023811
IRS990/OtherExpensesGrp/Desc0ACCELERATOR FUND EXPENSE
IRS990/OtherExpensesGrp/Desc1OTHER
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3DUES, LICENSES AND SUBSCR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01231
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1852
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2511
IRS990/OtherExpensesGrp/ProgramServicesAmt034343
IRS990/OtherExpensesGrp/ProgramServicesAmt12782
IRS990/OtherExpensesGrp/ProgramServicesAmt21918
IRS990/OtherExpensesGrp/ProgramServicesAmt31152
IRS990/OtherExpensesGrp/TotalAmt034343
IRS990/OtherExpensesGrp/TotalAmt14013
IRS990/OtherExpensesGrp/TotalAmt22770
IRS990/OtherExpensesGrp/TotalAmt31663
IRS990/OtherLiabilitiesGrp/BOYAmt0116715
IRS990/OtherLiabilitiesGrp/EOYAmt0165439
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt064191
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0220585
IRS990/OtherSalariesAndWagesGrp/TotalAmt0284776
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05272
IRS990/PayrollTaxesGrp/ProgramServicesAmt018189
IRS990/PayrollTaxesGrp/TotalAmt023461
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02718
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt07254
IRS990/PensionPlanContributionsGrp/TotalAmt09972
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ERIN STRANG
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/Desc0ACCELERATOR REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1PROJECT REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt048810
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt111454
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt048810
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt111454
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0702838
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01062
IRS990/PYOtherExpensesAmt0643912
IRS990/PYOtherRevenueAmt0334939
IRS990/PYProgramServiceRevenueAmt056555
IRS990/PYRevenuesLessExpensesAmt0-58896
IRS990/PYSalariesCompEmpBnftPaidAmt0510378
IRS990/PYTotalExpensesAmt01154290
IRS990/PYTotalRevenueAmt01095394
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-14605
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0396654
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt060264
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0295074
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0583023
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE PRESIDENT OF CENTRAL MICHIGAN UNIVERSITY SERVES AS CHAIR OF THE RESEARCH CORPORATION'S BOARD OF DIRECTORS AND THE VICE PRESIDENT OF FINANCE AND ADMINISTRATIVE SERVICES OF CENTRAL MICHIGAN SERVES AS TREASURER OF THE RESEARCH CORPORATION'S BOARD OF DIRECTORS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION PROVIDES AN INCUBATOR FOR START UP COMPANIES, AND SEEKS TO FURTHER ECONOMIC DEVELOPMENT WITHIN THE LOCAL AREA.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE RESEARCH CORPORATION IS OPERATING TO FURTHER CENTRAL MICHIGAN UNIVERSITY'S DESIRE TO BE A CONTRIBUTOR TO ECONOMIC DEVELOPMENT WITHIN THE LOCAL AREA. USING A SEPARATE ENTITY TO DO SO PROVIDES ADDITIONAL TRANSPARENCY OF THE ACTIVITIES PERFORMED.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, LINE 2B
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0364500805
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0974457
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CENTRAL MICHIGAN UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0CENTRAL MICHIGAN UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0974457
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0172611
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0126745
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0299356
IRS990ScheduleD/ExpensesNotReportedAmt04650
IRS990ScheduleD/ExpensesSubtotalAmt01205646
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01331842
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0103129
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01434971
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-6840
IRS990ScheduleD/OtherExpensesIncludedAmt04650
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0141706

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,121,341
Liabilities
$399,452
Net assets
$1,721,889
Revenue
$1,191,041
Expenses
$1,205,646
Net income
-$14,605
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.85$7.71$2.14$3.46$3.19$0.27
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.7$9.81$1.87$3.24$2.92$0.33
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.7$11.2$1.56$1.67$1.87$0.20
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.14$0.37$1.76$1.53$1.64$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$0.43$1.69$1.39$1.44$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.12$0.40$1.72$1.19$1.21$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.23$1.75$1.10$1.15$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.52$0.72$1.80$1.11$1.04$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$0.24$1.67$0.96$0.89$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.78$0.18$1.60$0.81$0.66$0.16
2015Detailed filing. Detailed filing data is available for this year.$1.59$0.15$1.44$0.90$0.72$0.18
2014Detailed filing. Detailed filing data is available for this year.$1.46$0.21$1.25$1.08$0.86$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.21$1.00$0.92
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.12$0.84$0.73
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.22$0.65$0.63