Liabilities / Assets
67th percentile
Higher debt load relative to assets than 67% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.47x
Liabilities / Revenue
78th percentile
Higher debt load relative to revenue than 78% of similar nonprofits.
Net Margin
49th percentile
Higher net margin than 49% of similar nonprofits.
Top Officer Pay
6th percentile
Higher top officer pay than 6% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
72nd percentile
Faster asset growth than 72% of similar nonprofits.
Revenue Growth
45th percentile
Faster revenue growth than 45% of similar nonprofits.
Balance Sheet
Assets
Up$32,493,055
Up $2,404,205 (+8.0%) from 2014
Net Assets
Up$17,171,979
Up $512,731 (+3.1%) from 2014
Liabilities
Up$15,321,076
Up $1,891,474 (+14%) from 2014
Revenue And Expenses
Revenue
Up$14,491,781
Up $376,053 (+2.7%) from 2014
Expenses
Down$13,979,050
Down $950,555 (-6.4%) from 2014
Net Income
Up$512,731
Up $1,326,608 (+163%) from 2014
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2014 to Jun 30, 2015
- Signed
- Jan 9, 2016
- Return Version
- 2014v6.0
- Gross Receipts
- $14,491,781
Mission and Program Overview
Mission
To provide instructional and educational services.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $22,938,487 | $23,408,452 | ▲ $469,965 |
| Investments in Publicly Traded Securities | $4,832,645 | $4,661,544 | ▼ $171,101 |
| Accounts Receivable | $1,145,572 | $3,571,388 | ▲ $2,425,816 |
| Loans From Officers Directors | $370,000 | $370,000 | → $0 |
| Inventories for Sale or Use | $244,744 | $199,402 | ▼ $45,342 |
| Prepaid Expenses and Deferred Charges | $86,147 | $79,762 | ▼ $6,385 |
| Cash and Non-Interest-Bearing Accounts | $303,082 | $34,218 | ▼ $268,864 |
| Total Assets | $30,088,850 | $32,493,055 | ▲ $2,404,205 |
| Other Assets Total | $538,173 | $538,289 | ▲ $116 |
| Liabilities | |||
| Other Liabilities | $11,711,240 | $13,521,242 | ▲ $1,810,002 |
| Accounts Payable and Accrued Expenses | $532,370 | $773,488 | ▲ $241,118 |
| Deferred Revenue | $521,850 | $397,269 | ▼ $124,581 |
| Grants Payable | $294,142 | $259,077 | ▼ $35,065 |
| Total Liabilities | $13,429,602 | $15,321,076 | ▲ $1,891,474 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $7,973,036 | $8,245,721 | ▲ $272,685 |
| Permanently Rstr Net Assets | $7,271,163 | $7,315,466 | ▲ $44,303 |
| Temporarily Rstr Net Assets | $1,415,049 | $1,610,792 | ▲ $195,743 |
| Total Net Assets Fund Balance | $16,659,248 | $17,171,979 | ▲ $512,731 |
| Total Liabilities and Net Assets / Fund Balance | $30,088,850 | $32,493,055 | ▲ $2,404,205 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $23,408,452 | $11,390,635 | $34,799,087 |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2014 | $5,931,476 | - | - | - | - |
| 2013 | $5,816,751 | - | - | - | - |
| 2012 | $6,036,044 | - | - | - | - |
| 2011 | $5,582,777 | - | - | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Mr John H Stierna | Chair |
| Julie Badel | Vice Chair |
| Allen Freis | Trustee |
| Jeanne Kemppainen | Trustee |
| Kristin Hebrank | Trustee |
| Lauri Isaacson | Trustee |
| Mr Eric Sauey | Trustee |
| Mr John J Perras | Trustee |
| Mr John M Leinonen | Trustee |
| Mr Ronald P Helman | Trustee |
| Mrs Iola Jean Vanstrom | Trustee |
| Mrs Luanne M Skrenes | Trustee |
| Paul Knuti | Trustee |
| Peter Vorhes | Trustee |
| Shelby Hamar | Trustee |
| The Hon Michael a Lahti | Trustee |
| Mrs Jane M Lepisto | Secretary |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $3,610,806
- Program Service Revenue
- $9,461,603
- Investment Income
- $29,946
- Other Revenue
- $1,389,426
- Change in Net Assets
- $512,731
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $14,491,781
- Total Revenue per Audited Statements
- $14,491,781
- Total Revenue per Form 990
- $14,491,781
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $7,688,626 |
| Other Expenses | $6,290,424 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $5,786,705 | - | - | $5,786,705 |
| All Other Expenses | $1,144,890 | - | - | $1,144,890 |
| Other Employee Benefits | $1,068,066 | - | - | $1,068,066 |
| Occupancy | $552,477 | - | - | $552,477 |
| Travel | $532,555 | - | - | $532,555 |
| Depreciation Depletion | $528,642 | - | - | $528,642 |
| Interest | $421,948 | - | - | $421,948 |
| Payroll Taxes | $419,468 | - | - | $419,468 |
| Pension Plan Contributions | $414,387 | - | - | $414,387 |
| Fees for Services Other | $370,074 | - | - | $370,074 |
| Insurance | $252,985 | - | - | $252,985 |
| Office Expenses | $178,298 | - | - | $178,298 |
| Other Expenses | $128,969 | - | - | $128,969 |
| Advertising | $75,421 | - | - | $75,421 |
| Fees for Services Accounting | $62,264 | - | - | $62,264 |
| Conferences and Meetings | $28,301 | - | - | $28,301 |
| Fees for Services Management | $27,520 | - | - | $27,520 |
| Fees for Services Legal | $10,447 | - | - | $10,447 |
| Total Functional Expenses | $13,979,050 | $0 | $0 | $13,979,050 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $13,979,050 |
| Total Expenses per Audited Statements | $13,979,050 |
| Total Expenses per Form 990 | $13,979,050 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $370,000 | $370,000 | → $0 |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Notes, Bond, Mortgage Obligations | $12,151,647 |
| Accrued Liabilities | $1,941,454 |
| Deposits | $22,485 |
| Annuities Payable | $14,045 |
| Subsidiary Net Assets | $-608,389 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Audit committee
- Yes
- Backup withholding compliance
- 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
- No
- 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 9
“The hon. Michael a. Lahti mr. Ronald p. Helman mr. John m. Leinonen mrs. Jane m. Lepisto mr. John j. Perras mr. Eric sauey mrs. Luanne m. Skrenes mr. John h. Stierna mrs. Iola jean vanstrom julie badel lauri isaacson jeanne kemppainen paul knuti allen freis shelby hamar kristin hebrank peter vorhes”
Form 990, Page 6, Part VI, Line 11B
“No review was or will be conducted.”
Form 990, Page 6, Part VI, Line 15A
“The board of trustees determines the president's salary. Salary decisions have been linked to recent historical data internally as well as local and cohort comparatives, also taking market factors and internal financial considerations into account. When a change in compensation or any terms of employment is made for the president, the board of trustees sends human resources a copy of the letter that was sent to the president informing him of the change. Human resources then completes an internal form documenting the change and the form is required to be signed off by human resources, executive vp of business, and the president.”
Form 990, Page 6, Part VI, Line 15B
“The president determines compensation for the executive vp's. Salary decisions for these leaders have been linked to recent historical data internally as well as local and cohort comparatives, also taking market factors and internal financial considerations into account. For compensation terms of employment changes made for all other employees (including the executive vps), the direct supervisor completes the aforementioned form and includes any supplemental documentation. Approval must be made on the form by signature from the supervisor, the executive vp overseeing the unit the employee works, the executive vp for business, human resources, and the president.”
Form 990, Page 6, Part VI, Line 19
“Governing documents are kept in the library and are available upon request.”
Filing and Contact Details
Filer
- Filer Name
- Finlandia University
- EIN
- 38-1359570
- Phone
- 9064877231
- Address
- 601 QUINCY STREET, HANCOCK, MI 49930
Signing Officer
- Name
- Lori Baakko
- Title
- Controller
- Phone
- 9064877231
- Signed
- 2016-01-09
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Dr Philip Johnson
- Formed
- 1896
- Legal Domicile
- Mi
- Voting Board Members
- 17
- Independent Board Members
- 0
- Employees
- 506
Preparer
- Firm
- Anderson Tackman & Company Plc
- Address
- 201 E HUGHITT ST, IRON MOUNTAIN, MI 49801
- Preparer
- Shane M Ellison CPA
- Phone
- 9067744300
Supplemental Narrative
Additional Explanations
Form 990, Part XI, Line 9
“Mannerheim, inc. - consolidated for financial statement 0 mannerheim, inc. - consolidated for financial statements 0 rounding 0”
Form 990, Part XI, Line 9
“Net loss from reconciliation of subsidiary 0”
Financial Statement Notes
Schedule D, Page 4, Part XI, Line 2D
“Mannerheim, inc. - consolidated for financial statement 0”
Schedule D, Page 4, Part XII, Line 2D
“Mannerheim, inc. - consolidated for financial statements 0 rounding 0”
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| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 17 |
| IRS990/GovernmentGrantsAmt | 0 | 3610806 |
| IRS990/GrantsPayableGrp/BOYAmt | 0 | 294142 |
| IRS990/GrantsPayableGrp/EOYAmt | 0 | 259077 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 14491781 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 252985 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 252985 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 421948 |
| IRS990/InterestGrp/TotalAmt | 0 | 421948 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 244744 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 199402 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 29946 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 29946 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 4832645 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 4661544 |
| IRS990/IRPDocumentCnt | 0 | 28 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 11390635 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 22938487 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 23408452 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 34799087 |
| IRS990/LegalDomicileStateCd | 0 | MI |
| IRS990/LoanOutstandingInd | 0 | true |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 370000 |
| IRS990/LoansFromOfficersDirectorsGrp/EOYAmt | 0 | 370000 |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1775 |
| IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt | 0 | 1775 |
| IRS990/MissionDesc | 0 | TO PROVIDE INSTRUCTIONAL AND EDUCATIONAL SERVICES. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 16659248 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 17171979 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 552477 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 552477 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 178298 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 178298 |
| IRS990/OfficerMailingAddressInd | 0 | true |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 538173 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 538289 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 1068066 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 1068066 |
| IRS990/OtherExpensesGrp/Desc | 0 | SCHOLARSHIPS/GRANTS/TUIT. |
| IRS990/OtherExpensesGrp/Desc | 1 | FOOD SERVICE |
| IRS990/OtherExpensesGrp/Desc | 2 | ATHLETIC/COMPUTER EQUIP. |
| IRS990/OtherExpensesGrp/Desc | 3 | OTHER |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 1547630 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 292069 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 135934 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 128969 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 1547630 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 292069 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 135934 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 128969 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 11711240 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 13521242 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | AUXILIARY ACTIVITIES |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | OTHER AUXILIARY AND COMMUNITY |
| IRS990/OtherRevenueMiscGrp/Desc | 2 | GAIN ON SALE OF FIXED ASSETS |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1117696 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 1 | 250288 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 2 | 19667 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 1117696 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 250288 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 2 | 19667 |
| IRS990/OtherRevenueTotalAmt | 0 | 1389426 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 5786705 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 5786705 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 419468 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 419468 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 414387 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 414387 |
| IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt | 0 | 7271163 |
| IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt | 0 | 7315466 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 86147 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 79762 |
| IRS990/PrincipalOfficerNm | 0 | DR PHILIP JOHNSON |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | TUITION AND FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | GOVERNMENT GRANTS (FED AID) |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 6980322 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 2481281 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 6980322 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 2481281 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 2029435 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 66780 |
| IRS990/PYOtherExpensesAmt | 0 | 7188964 |
| IRS990/PYOtherRevenueAmt | 0 | 1248980 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 10770533 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -813877 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 7740641 |
| IRS990/PYTotalExpensesAmt | 0 | 14929605 |
| IRS990/PYTotalRevenueAmt | 0 | 14115728 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 512731 |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 23408452 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 11390635 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 34799087 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 5931476 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 5816751 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 6036044 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 5582777 |
| IRS990ScheduleD/EndowmentsHeldRelatedOrgInd | 0 | false |
| IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd | 0 | false |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 13979050 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 12151647 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 1941454 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 22485 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 14045 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 4 | -608389 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | NOTES, BOND, MORTGAGE OBLIGATIONS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | ACCRUED LIABILITIES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | DEPOSITS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | ANNUITIES PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 4 | SUBSIDIARY NET ASSETS |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 14491781 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | MANNERHEIM, INC. - CONSOLIDATED FOR FINANCIAL STATEMENT 0 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | MANNERHEIM, INC. - CONSOLIDATED FOR FINANCIAL STATEMENTS 0 ROUNDING 0 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 4, PART XI, LINE 2D |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE D, PAGE 4, PART XII, LINE 2D |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 23408452 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 13979050 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 13521242 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 14491781 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 14491781 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 13979050 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | true |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | true |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | true |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | true |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | true |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | true |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | ALL INFORMATION IS INCLUDED IN ENROLLMENT LITERATURE, CD'S CATALOGS, WEBSITE, HANDBOOKS AND PRINTED BROCHURES. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | 1. FUNDS THAT COME IN ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS FOR PELL, SEOG, ACG, AND DIRECT LOANS. 2. FUNDS THAT COME FROM FEDERAL SOURCES THAT ARE EITHER PROGRAM SUPPORT OR STUDENT SUPPORT ARE CONTROLLED BY FINLANDIA UNIVERSITY. 3. PROGRAM SUPPORT - SSS, UB, ETS ARE ALL GRANT PROGRAMS AT FINLANDIA UNIVERSITY. 4. STUDENT SUPPORT - WORK STUDY PROGRAM - FINLANDIA UNIVERSITY CUTS PAYROLL CHECKS TO STUDENTS. 5. NOT ALL OF THE ABOVE PROGRAMS PROVIDE FINANCIAL ASSISTANCE TO FINLANDIA UNIVERSITY BUT RATHER TO THE STUDENTS OR THE PROGRAM THEY SUPPORT. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, LINE 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE E, LINE 6 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 200000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 1 | 152000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 2 | 18000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | true |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 1 | true |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 2 | true |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 1 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 2 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 1 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 2 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 200000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 1 | 152000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 2 | 160000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | BOARD MEMBER |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 1 | KEN SEATON |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 2 | KEN SEATON |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | true |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 1 | true |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 2 | true |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 370000 |
| IRS990/ScheduleORequiredInd | 0 | false |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE HON. MICHAEL A. LAHTI MR. RONALD P. HELMAN MR. JOHN M. LEINONEN MRS. JANE M. LEPISTO MR. JOHN J. PERRAS MR. ERIC SAUEY MRS. LUANNE M. SKRENES MR. JOHN H. STIERNA MRS. IOLA JEAN VANSTROM JULIE BADEL LAURI ISAACSON JEANNE KEMPPAINEN PAUL KNUTI ALLEN FREIS SHELBY HAMAR KRISTIN HEBRANK PETER VORHES |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | NO REVIEW WAS OR WILL BE CONDUCTED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE BOARD OF TRUSTEES DETERMINES THE PRESIDENT'S SALARY. SALARY DECISIONS HAVE BEEN LINKED TO RECENT HISTORICAL DATA INTERNALLY AS WELL AS LOCAL AND COHORT COMPARATIVES, ALSO TAKING MARKET FACTORS AND INTERNAL FINANCIAL CONSIDERATIONS INTO ACCOUNT. WHEN A CHANGE IN COMPENSATION OR ANY TERMS OF EMPLOYMENT IS MADE FOR THE PRESIDENT, THE BOARD OF TRUSTEES SENDS HUMAN RESOURCES A COPY OF THE LETTER THAT WAS SENT TO THE PRESIDENT INFORMING HIM OF THE CHANGE. HUMAN RESOURCES THEN COMPLETES AN INTERNAL FORM DOCUMENTING THE CHANGE AND THE FORM IS REQUIRED TO BE SIGNED OFF BY HUMAN RESOURCES, EXECUTIVE VP OF BUSINESS, AND THE PRESIDENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE PRESIDENT DETERMINES COMPENSATION FOR THE EXECUTIVE VP'S. SALARY DECISIONS FOR THESE LEADERS HAVE BEEN LINKED TO RECENT HISTORICAL DATA INTERNALLY AS WELL AS LOCAL AND COHORT COMPARATIVES, ALSO TAKING MARKET FACTORS AND INTERNAL FINANCIAL CONSIDERATIONS INTO ACCOUNT. FOR COMPENSATION TERMS OF EMPLOYMENT CHANGES MADE FOR ALL OTHER EMPLOYEES (INCLUDING THE EXECUTIVE VPS), THE DIRECT SUPERVISOR COMPLETES THE AFOREMENTIONED FORM AND INCLUDES ANY SUPPLEMENTAL DOCUMENTATION. APPROVAL MUST BE MADE ON THE FORM BY SIGNATURE FROM THE SUPERVISOR, THE EXECUTIVE VP OVERSEEING THE UNIT THE EMPLOYEE WORKS, THE EXECUTIVE VP FOR BUSINESS, HUMAN RESOURCES, AND THE PRESIDENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | GOVERNING DOCUMENTS ARE KEPT IN THE LIBRARY AND ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | MANNERHEIM, INC. - CONSOLIDATED FOR FINANCIAL STATEMENT 0 MANNERHEIM, INC. - CONSOLIDATED FOR FINANCIAL STATEMENTS 0 ROUNDING 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | NET LOSS FROM RECONCILIATION OF SUBSIDIARY 0 |
Document Assets
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Filings
Displayed year
2015 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $32,493,055
- Liabilities
- $15,321,076
- Net assets
- $17,171,979
- Revenue
- $14,491,781
- Expenses
- $13,979,050
- Net income
- $512,731