Civic Intelligence

Leading Michigan Educational Foundation

990 • Fiscal year 2023 • EIN 37-1432962

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

201 N Washington Square 920Lansing, MI 48933

(517) 323-3687

Siviq Scores

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

Liabilities / Assets

99th percentile

19.18x

Higher debt load relative to assets than 99% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

5.58x

Higher debt load relative to revenue than 99% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

28th percentile

-9.7%

Higher net margin than 28% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

100th percentile

$384,104

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 94.2% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

94th percentile

147%

Faster asset growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

61st percentile

15%

Faster revenue growth than 61% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$118,680

Up $70,600 (+147%) from 2022

Net Assets

Down

-$2,158,035

Down $39,680 (-1.9%) from 2022

Liabilities

Up

$2,276,715

Up $110,280 (+5.1%) from 2022

Revenue

Up

$407,743

Up $54,486 (+15%) from 2022

Expenses

Down

$447,423

Down $112,429 (-20%) from 2022

Net Income

Up

-$39,680

Up $166,915 (+81%) from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2011: $165,471Liabilities 2011: $625,353Net Assets 2011: -$459,8822011Assets 2017: $122,364Liabilities 2017: $1,065,048Net Assets 2017: -$942,6842017Assets 2018: $146,094Liabilities 2018: $1,343,847Net Assets 2018: -$1,197,7532018Assets 2019: $285,896Liabilities 2019: $1,579,646Net Assets 2019: -$1,293,7502019Assets 2020: $148,972Liabilities 2020: $1,738,566Net Assets 2020: -$1,589,5942020Assets 2021: $57,728Liabilities 2021: $1,969,488Net Assets 2021: -$1,911,7602021Assets 2022: $48,080Liabilities 2022: $2,166,435Net Assets 2022: -$2,118,3552022Assets 2023: $118,680Liabilities 2023: $2,276,715Net Assets 2023: -$2,158,0352023Assets 2024: $437,718Liabilities 2024: $2,404,830Net Assets 2024: -$1,967,1122024

Highlighted filing

2023

Assets$118,680
Liabilities$2,276,715
Net Assets-$2,158,035

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $942,8502011Revenue 2017: $702,200Expenses 2017: $687,783Net Income 2017: $14,4172017Revenue 2018: $471,224Expenses 2018: $726,293Net Income 2018: -$255,0692018Revenue 2019: $594,194Expenses 2019: $690,191Net Income 2019: -$95,9972019Revenue 2020: $275,478Expenses 2020: $571,322Net Income 2020: -$295,8442020Revenue 2021: $161,616Expenses 2021: $483,782Net Income 2021: -$322,1662021Revenue 2022: $353,257Expenses 2022: $559,852Net Income 2022: -$206,5952022Revenue 2023: $407,743Expenses 2023: $447,423Net Income 2023: -$39,6802023Revenue 2024: $1,856,665Expenses 2024: $1,665,742Net Income 2024: $190,9232024

Highlighted filing

2023

Revenue$407,743
Expenses$447,423
Net Income-$39,680
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$413,263
Mission and Program Overview

Mission

To carry on educational activities relating to housing, supported living, and long-term nursing and other health care for the elderly and disabled.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$39,588$78,996▲ $39,408
Accounts Receivable$6,405$25,092▲ $18,687
Prepaid Expenses and Deferred Charges$2,087$14,592▲ $12,505
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$48,080$118,680▲ $70,600
Liabilities
Other Liabilities$1,919,982$2,126,181▲ $206,199
Accounts Payable and Accrued Expenses$202,681$117,834▼ $84,847
Deferred Revenue$43,772$32,700▼ $11,072
Total Liabilities$2,166,435$2,276,715▲ $110,280
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,118,355$-2,158,035▼ $39,680
Total Net Assets Fund Balance$-2,118,355$-2,158,035▼ $39,680
Total Liabilities and Net Assets / Fund Balance$48,080$118,680▲ $70,600

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$36,536$36,536
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dave BosChair
David HerbelPresident
Dana PrinceVice Chair
Jamie LalondeDirector
Julia WellingsDirector
Kari RennieDirector
Tim StollDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$85,590
Program Service Revenue
$202,603
Investment Income
$0
Other Revenue
$119,550
All Other Contributions
$80,100
Change in Net Assets
$-39,680
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$308,377
Salaries, Compensation, and Employee Benefits$139,046
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$172,306--$172,306
Other Salaries and Wages-$127,061-$127,061
Fees for Services Other$72,519--$72,519
Fees for Services Accounting-$18,000-$18,000
Occupancy-$18,000-$18,000
Payroll Taxes-$8,178-$8,178
Office Expenses-$5,500-$5,500
Information Technology-$4,438-$4,438
Pension Plan Contributions-$3,512-$3,512
Other Employee Benefits-$295-$295
Other Expenses$7,555$204-$204
All Other Expenses-$20-$20
Total Functional Expenses$252,380$195,043$0$447,423
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,520
Fundraising Gross Income$3,870
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
Due to Leadingage Michigan$2,126,181
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The education center form 990 is reviewed by management, then forwarded to our audit committee for review which is then shared with the board of directors.

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

Each year, and at the time of appointment all officers, directors, or trustees, and key employees are required to disclose and sign an annual conflict of interest statement. This policy is intended to apply to leadingage michigan and all of its subsidiaries. Directors, officers, and selected individuals shall disclose any personal financial interests that might constitute a conflict of interest. All conflicts of interest shall be disclosed and potential conflicts avoided.

Form 990, Part VI, Section C, Line 19

They are available upon request.

Filing and Contact Details

Filer

Filer Name
Leadingage Michigan
EIN
37-1432962
Phone
5173233687
Address
201 N WASHINGTON SQUARE 920, LANSING, MI 48933

Signing Officer

Name
David Herbel
Title
President
Phone
5173233687
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Herbel
Formed
1999
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Baker Tilly US Llp
Address
790 N WATER ST SUITE 2000, MILWAUKEE, WI 53202
Preparer
Troy Marine CPA
Phone
4147775500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Purchased services: program service expenses 72,519. Total expenses 72,519.

Raw XML AppendixShowing 400 of 480 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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IRS990ScheduleA/PublicSupportPY509Pct00.99480
IRS990ScheduleA/PublicSupportTotal509Amt01651319
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0292063
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0344223
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0161616
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0266988
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0586429
IRS990ScheduleA/Total509Grp/TotalAmt01651319
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0413263
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0353257
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0161616
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0266988
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0586910
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01782034
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/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt036536
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt036536
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02126181
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO LEADINGAGE MICHIGAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt02126181
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0325372
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt022282
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt018450
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt018000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DAVID HERBEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0384104
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0METHODS USED BY RELATED ORGANIZATION TO ESTABLISH COMPENSATION: - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EDUCATION CENTER FORM 990 IS REVIEWED BY MANAGEMENT, THEN FORWARDED TO OUR AUDIT COMMITTEE FOR REVIEW WHICH IS THEN SHARED WITH THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH YEAR, AND AT THE TIME OF APPOINTMENT ALL OFFICERS, DIRECTORS, OR TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE AND SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT. THIS POLICY IS INTENDED TO APPLY TO LEADINGAGE MICHIGAN AND ALL OF ITS SUBSIDIARIES. DIRECTORS, OFFICERS, AND SELECTED INDIVIDUALS SHALL DISCLOSE ANY PERSONAL FINANCIAL INTERESTS THAT MIGHT CONSTITUTE A CONFLICT OF INTEREST. ALL CONFLICTS OF INTEREST SHALL BE DISCLOSED AND POTENTIAL CONFLICTS AVOIDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THEY ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 72,519. TOTAL EXPENSES 72,519.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0383497680
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0GROUP PURCH.
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0LEADINGAGE MICHIGAN BUSINESS ALLIANCE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0201 N WASHINGTON SQUARE 920
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0LANSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd048933
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LEADINGAGE MICHIGAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0382058975
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MEMBER SERV.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0201 N WASHINGTON SQUARE 920
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LANSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd048933
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0209356
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LEADINGAGE MICHIGAN
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00

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