Civic Intelligence

Finlandia University

990 • Fiscal year 2017 • EIN 38-1359570

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 15, 2017

601 Quincy StreetHancock, MI 49930

(906) 487-7231

Siviq Scores

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

Liabilities / Assets

74th percentile

0.55x

Higher debt load relative to assets than 74% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

82nd percentile

1.41x

Higher debt load relative to revenue than 82% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

12th percentile

-14%

Higher net margin than 12% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

18th percentile

-3.1%

Faster asset growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

14th percentile

-13%

Faster revenue growth than 14% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Down

$33,386,351

Down $1,064,776 (-3.1%) from 2016

Net Assets

Down

$14,939,070

Down $1,775,712 (-11%) from 2016

Liabilities

Up

$18,447,281

Up $710,936 (+4.0%) from 2016

Revenue

Down

$13,043,179

Down $1,888,917 (-13%) from 2016

Expenses

Down

$14,818,891

Down $570,402 (-3.7%) from 2016

Net Income

Down

-$1,775,712

Down $1,318,515 (-288%) from 2016

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $24,098,363Liabilities 2010: $9,474,652Net Assets 2010: $14,623,7112010Assets 2011: $26,091,401Liabilities 2011: $9,566,037Net Assets 2011: $16,525,3642011Assets 2012: $28,930,855Liabilities 2012: $11,731,770Net Assets 2012: $17,199,0852012Assets 2013: $29,671,404Liabilities 2013: $12,198,279Net Assets 2013: $17,473,1252013Assets 2014: $30,088,850Liabilities 2014: $13,429,602Net Assets 2014: $16,659,2482014Assets 2015: $32,493,055Liabilities 2015: $15,321,076Net Assets 2015: $17,171,9792015Assets 2016: $34,451,127Liabilities 2016: $17,736,345Net Assets 2016: $16,714,7822016Assets 2017: $33,386,351Liabilities 2017: $18,447,281Net Assets 2017: $14,939,0702017Assets 2018: $37,372,683Liabilities 2018: $19,027,350Net Assets 2018: $18,345,3332018Assets 2019: $34,753,647Liabilities 2019: $16,713,426Net Assets 2019: $18,040,2212019Assets 2020: $36,458,957Liabilities 2020: $17,728,278Net Assets 2020: $18,730,6792020Assets 2021: $36,184,751Liabilities 2021: $16,954,078Net Assets 2021: $19,230,6732021

Highlighted filing

2017

Assets$33,386,351
Liabilities$18,447,281
Net Assets$14,939,070

Operations Trend

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

$20M$10M$0-$10MExpenses 2010: $11,322,6812010Expenses 2011: $13,063,1572011Expenses 2012: $12,340,5572012Revenue 2013: $15,096,224Expenses 2013: $14,822,184Net Income 2013: $274,0402013Revenue 2014: $14,115,728Expenses 2014: $14,929,605Net Income 2014: -$813,8772014Revenue 2015: $14,491,781Expenses 2015: $13,979,050Net Income 2015: $512,7312015Revenue 2016: $14,932,096Expenses 2016: $15,389,293Net Income 2016: -$457,1972016Revenue 2017: $13,043,179Expenses 2017: $14,818,891Net Income 2017: -$1,775,7122017Revenue 2018: $19,008,814Expenses 2018: $14,921,824Net Income 2018: $4,086,9902018Revenue 2019: $15,351,014Expenses 2019: $15,656,126Net Income 2019: -$305,1122019Revenue 2020: $17,015,057Expenses 2020: $16,324,599Net Income 2020: $690,4582020Revenue 2021: $18,081,025Expenses 2021: $17,581,030Net Income 2021: $499,9952021

Highlighted filing

2017

Revenue$13,043,179
Expenses$14,818,891
Net Income-$1,775,712
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 15, 2017
Return Version
2016v3.1
Gross Receipts
$13,043,179
Mission and Program Overview

Mission

To provide instructional and educational services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,277,743$24,085,275▼ $192,468
Investments in Publicly Traded Securities$4,575,100$4,726,643▲ $151,543
Pledges and Grants Receivable$3,538,000$2,538,000▼ $1,000,000
Accounts Receivable$873,520$1,116,923▲ $243,403
Inventories for Sale or Use$215,087$214,508▼ $579
Cash and Non-Interest-Bearing Accounts$409,380$133,830▼ $275,550
Prepaid Expenses and Deferred Charges$17,380$18,183▲ $803
Total Assets$34,451,127$33,386,351▼ $1,064,776
Other Assets Total$544,917$552,989▲ $8,072
Liabilities
Other Liabilities$15,968,703$16,269,395▲ $300,692
Accounts Payable and Accrued Expenses$1,079,678$1,610,189▲ $530,511
Deferred Revenue$438,353$331,256▼ $107,097
Grants Payable$249,611$236,441▼ $13,170
Total Liabilities$17,736,345$18,447,281▲ $710,936
Net Assets / Fund Balance
Permanently Rstr Net Assets$7,358,804$7,438,455▲ $79,651
Unrestricted Net Assets$7,695,138$5,707,147▼ $1,987,991
Temporarily Rstr Net Assets$1,660,840$1,793,468▲ $132,628
Total Net Assets Fund Balance$16,714,782$14,939,070▼ $1,775,712
Total Liabilities and Net Assets / Fund Balance$34,451,127$33,386,351▼ $1,064,776

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,777,115$12,514,457$33,291,572
Land$3,308,160-$3,308,160

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$5,931,476----
2013$5,816,751----
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$1,023,797
Program Service Revenue
$10,210,365
Investment Income
$51,775
Other Revenue
$1,757,242
Change in Net Assets
$-1,775,712

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,043,179
Total Revenue per Audited Statements
$13,043,179
Total Revenue per Form 990
$13,043,179
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,429,332
Other Expenses$7,389,559
Total Fundraising Expense$13,344
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,863,786--$5,863,786
Fees for Services Other$1,307,209--$1,307,209
Other Employee Benefits$903,620--$903,620
Depreciation Depletion$673,305--$673,305
Occupancy$582,841--$582,841
Interest$568,332--$568,332
Travel$522,939--$522,939
Payroll Taxes$417,011--$417,011
All Other Expenses$364,795--$364,795
Pension Plan Contributions$244,915--$244,915
Office Expenses$150,121--$150,121
Fees for Services Accounting$118,535--$118,535
Insurance$116,279--$116,279
Other Expenses$115,452--$115,452
Fees for Services Management$60,240--$60,240
Conferences and Meetings$51,399--$51,399
Advertising$36,672-$13,344$50,016
Fees for Services Legal$1,045--$1,045
Total Functional Expenses$14,805,547$0$13,344$14,818,891

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,818,891
Total Expenses per Audited Statements$14,818,891
Total Expenses per Form 990$14,818,891
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
Notes, Bond, Mortgage Obligations$15,346,089
Accrued Liabilities$1,593,693
Annuities Payable$10,340
Subsidiary Net Assets$-680,727
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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. John m. Leinonen mrs. Jane m. Lepisto mr. John j. Perras mr. Eric sauey mrs. Luanne m. Skrenes ms. Julie badel jeanne kemppainen mr. Paul knuti shelby hamar dr. Sarah kemppainen dr. Arthur puotinen rev. Peter vorhes mr. Daniel niemi ms. Debra parrish

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
Angela Price
Title
VP Business
Phone
9064877231
Signed
2017-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Philip Johnson
Formed
1896
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
0
Employees
478

Preparer

Firm
Anderson Tackman & Company Plc
Address
201 E HUGHITT ST, IRON MOUNTAIN, MI 49801-2909
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 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/OfficeExpensesGrp/TotalAmt0150121
IRS990/OfficerMailingAddressInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0544917
IRS990/OtherAssetsTotalGrp/EOYAmt0552989
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0903620
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0903620
IRS990/OtherExpensesGrp/Desc0SCHOLARSHIPS/GRANTS/TUIT.
IRS990/OtherExpensesGrp/Desc1FINNISH RELATED EXPENSES
IRS990/OtherExpensesGrp/Desc2ATHLETIC/COMPUTER EQUIP.
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt02464770
IRS990/OtherExpensesGrp/ProgramServicesAmt1122419
IRS990/OtherExpensesGrp/ProgramServicesAmt2119862
IRS990/OtherExpensesGrp/ProgramServicesAmt3115452
IRS990/OtherExpensesGrp/TotalAmt02464770
IRS990/OtherExpensesGrp/TotalAmt1122419
IRS990/OtherExpensesGrp/TotalAmt2119862
IRS990/OtherExpensesGrp/TotalAmt3115452
IRS990/OtherLiabilitiesGrp/BOYAmt015968703
IRS990/OtherLiabilitiesGrp/EOYAmt016269395
IRS990/OtherRevenueMiscGrp/Desc0AUXILIARY ACTIVITIES
IRS990/OtherRevenueMiscGrp/Desc1OTHER AUXILIARY AND COMMUNITY
IRS990/OtherRevenueMiscGrp/Desc2GAIN ON SALE OF FIXED ASSETS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01413432
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1348310
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2-4500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01413432
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1348310
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2-4500
IRS990/OtherRevenueTotalAmt01757242
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05863786
IRS990/OtherSalariesAndWagesGrp/TotalAmt05863786
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0417011
IRS990/PayrollTaxesGrp/TotalAmt0417011
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0244915
IRS990/PensionPlanContributionsGrp/TotalAmt0244915
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt07358804
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt07438455
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03538000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02538000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017380
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018183
IRS990/PrincipalOfficerNm0DR PHILIP JOHNSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1GOVERNMENT GRANTS (FED AID)
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06896067
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13314298
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06896067
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13314298
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02473948
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt032500
IRS990/PYOtherExpensesAmt07854469
IRS990/PYOtherRevenueAmt01666397
IRS990/PYProgramServiceRevenueAmt010759251
IRS990/PYRevenuesLessExpensesAmt0-457197
IRS990/PYSalariesCompEmpBnftPaidAmt07534824
IRS990/PYTotalExpensesAmt015389293
IRS990/PYTotalRevenueAmt014932096
IRS990/ReconcilationRevenueExpnssAmt0-1775712
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt010210365
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt020777115
IRS990ScheduleD/BuildingsGrp/DepreciationAmt012514457
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt033291572
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt05931476
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt05816751
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt014818891
IRS990ScheduleD/LandGrp/BookValueAmt03308160
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03308160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015346089
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11593693
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt210340
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3-680727
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES, BOND, MORTGAGE OBLIGATIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ANNUITIES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SUBSIDIARY NET ASSETS
IRS990ScheduleD/RevenueSubtotalAmt013043179
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANNERHEIM, INC. - CONSOLIDATED FOR FINANCIAL STATEMENT 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MANNERHEIM, INC. - CONSOLIDATED FOR FINANCIAL STATEMENTS 0 ROUNDING 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024085275
IRS990ScheduleD/TotalExpensesPerForm990Amt014818891
IRS990ScheduleD/TotalLiabilityAmt016269395
IRS990ScheduleD/TotalRevenuePerForm990Amt013043179
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013043179
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt014818891
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL INFORMATION IS INCLUDED IN ENROLLMENT LITERATURE, CD'S CATALOGS, WEBSITE, HANDBOOKS AND PRINTED BROCHURES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt11. 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/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE HON. MICHAEL A. LAHTI MR. JOHN M. LEINONEN MRS. JANE M. LEPISTO MR. JOHN J. PERRAS MR. ERIC SAUEY MRS. LUANNE M. SKRENES MS. JULIE BADEL JEANNE KEMPPAINEN MR. PAUL KNUTI SHELBY HAMAR DR. SARAH KEMPPAINEN DR. ARTHUR PUOTINEN REV. PETER VORHES MR. DANIEL NIEMI MS. DEBRA PARRISH
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3THE 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/ExplanationTxt4GOVERNING DOCUMENTS ARE KEPT IN THE LIBRARY AND ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MANNERHEIM, INC. - CONSOLIDATED FOR FINANCIAL STATEMENT 0 MANNERHEIM, INC. - CONSOLIDATED FOR FINANCIAL STATEMENTS 0 ROUNDING 0 NET LOSS FROM RECONCILIATION OF SUBSIDIARY 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0FINLANDIA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0383535259
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0MANAGEMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0MANNERHEIM INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt0226167
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt0-23795
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0601 QUINCY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0HANCOCK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd049930
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.2$17.0$19.2$18.1$17.6$0.50
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.5$17.7$18.7$17.0$16.3$0.69
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.8$16.7$18.0$15.4$15.7$0.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.4$19.0$18.3$19.0$14.9$4.09
2017Detailed filing. Detailed filing data is available for this year.$33.4$18.4$14.9$13.0$14.8$1.78
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.5$17.7$16.7$14.9$15.4$0.46
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.5$15.3$17.2$14.5$14.0$0.51
2014Detailed filing. Detailed filing data is available for this year.$30.1$13.4$16.7$14.1$14.9$0.81
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.7$12.2$17.5$15.1$14.8$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.9$11.7$17.2$12.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.1$9.57$16.5$13.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.1$9.47$14.6$11.3