Civic Intelligence

Central Michigan University Research Corporation

990 • Fiscal year 2021 • EIN 36-4500805

Jul 01, 2020 to Jun 30, 2021 • Filed on Aug 17, 2021

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

68th percentile

0.20x

Higher debt load relative to assets than 68% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

72nd percentile

0.31x

Higher debt load relative to revenue than 72% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

21st percentile

-3.3%

Higher net margin than 21% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

82nd percentile

$135,596

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

26th percentile

-0.1%

Faster asset growth than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

55th percentile

17%

Faster revenue growth than 55% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$2,118,644

Down $2,697 (-0.1%) from 2020

Net Assets

Down

$1,688,621

Down $33,268 (-1.9%) from 2020

Liabilities

Up

$430,023

Up $30,571 (+7.7%) from 2020

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin21st percentile

Revenue

Up

$1,390,643

Up $199,602 (+17%) from 2020

Expenses

Up

$1,437,134

Up $231,488 (+19%) from 2020

Net Income

Down

-$46,491

Down $31,886 (-218%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth26th 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

2021

Assets$2,118,644
Liabilities$430,023
Net Assets$1,688,621
Open 2021 Filing

Operations Trend

Revenue Growth55th 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

2021

Revenue$1,390,643
Expenses$1,437,134
Net Income-$46,491
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Aug 17, 2021
Return Version
2020v4.0
Gross Receipts
$1,390,643
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$1,504,453$1,426,470▼ $77,983
Savings and Temporary Cash Investments$583,023$621,003▲ $37,980
Accounts Receivable$24,083$69,744▲ $45,661
Prepaid Expenses and Deferred Charges-$33,325-
Investments Other Securities$13,664$13,664→ $0
Other Notes and Loans Receivable, Net$1$1→ $0
Cash and Non-Interest-Bearing Accounts$-9,997$-51,677▼ $41,680
Total Assets$2,121,341$2,118,644▼ $2,697
Other Assets Total$6,114$6,114→ $0
Liabilities
Other Liabilities$165,439$242,440▲ $77,001
Unsecured Notes Loans Payable$94,707$94,707→ $0
Accounts Payable and Accrued Expenses$77,289$72,713▼ $4,576
Deferred Revenue$62,017$20,163▼ $41,854
Total Liabilities$399,452$430,023▲ $30,571
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,721,889$1,688,621▼ $33,268
Total Net Assets Fund Balance$1,721,889$1,688,621▼ $33,268
Total Liabilities and Net Assets / Fund Balance$2,121,341$2,118,644▼ $2,697

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,292,417$142,554$1,434,971
Equipment$134,053$165,303$299,356
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Erin StrangPresident/ceFT$118,664$16,932$135,596

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$124,879
Dlr Development LLCRent-charges7340 MIDLAND ROAD, Freeland, MI 48263$101,535
Revenue and Support

Revenue Composition

Contributions and Grants
$845,207
Program Service Revenue
$119,338
Investment Income
$315
Other Revenue
$425,783
All Other Contributions
$81,477
Change in Net Assets
$-46,491

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,390,643
Total Revenue per Audited Statements
$1,390,643
Total Revenue per Form 990
$1,390,643
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$994,929
Salaries, Compensation, and Employee Benefits$442,205
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$613,391$45,369-$658,760
Other Salaries and Wages$196,645$59,489-$256,134
Current Officers, Directors, Trustees, and Key Employees$68,451$68,451-$136,902
Depreciation Depletion$72,612$5,371-$77,983
Fees for Services Accounting$45,030$3,330-$48,360
Fees for Services Other$13,738$26,007-$39,745
Office Expenses$33,230$4,401-$37,631
Payroll Taxes$21,955$9,975-$31,930
Insurance$12,097$5,735-$17,832
Advertising$9,002$4,268-$13,270
Other Employee Benefits$7,148$1,829-$8,977
Pension Plan Contributions$5,783$2,479-$8,262
Travel$2,912$1,380-$4,292
Fees for Services Legal$3,688$273-$3,961
Other Expenses$1,283$608-$1,891
Interest$1,113--$1,113
Total Functional Expenses$1,193,366$243,768$0$1,437,134

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,440,411
Expenses per Audited Statements$1,437,134
Total Expenses per Form 990$1,437,134
Expenses Not Reported on Form 990$3,277
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$193,456
Refundable Advances$36,009
Exchange Donations Payable$7,297
Security Deposit$4,565
Accrued Interest$1,113
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
2021-08-17
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
9
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 -3,277”

Financial Statement Notes

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

“BAD DEBT EXPENSE 3,277”

Raw XML AppendixShowing 400 of 561 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT/CE
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt08977
IRS990/OtherExpensesGrp/Desc0ACCELERATOR FUND EXPENSE
IRS990/OtherExpensesGrp/Desc1OTHER
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3DUES, LICENSES AND SUBSCR
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IRS990/ReconcilationRevenueExpnssAmt0-46491
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0425783
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IRS990/ReportLandBuildingEquipmentInd0true
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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
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Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,118,644
Liabilities
$430,023
Net assets
$1,688,621
Revenue
$1,390,643
Expenses
$1,437,134
Net income
-$46,491
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
2021Detailed filing. Detailed filing data is available for this year.$2.12$0.43$1.69$1.39$1.44$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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