Civic Intelligence

Finlandia University

990 • Fiscal year 2020 • EIN 38-1359570

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 13, 2021

Organization ProfileWWW.FINLANDIA.EDU

View Organization Page

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

69th percentile

0.49x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

76th percentile

1.04x

Higher debt load relative to revenue than 76% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

50th percentile

4.1%

Higher net margin than 50% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

44th percentile

4.9%

Faster asset growth than 44% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

68th percentile

11%

Faster revenue growth than 68% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$36,458,957

Up $1,705,310 (+4.9%) from 2019

Net Assets

Up

$18,730,679

Up $690,458 (+3.8%) from 2019

Liabilities

Up

$17,728,278

Up $1,014,852 (+6.1%) from 2019

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin50th percentile

Revenue

Up

$17,015,057

Up $1,664,043 (+11%) from 2019

Expenses

Up

$16,324,599

Up $668,473 (+4.3%) from 2019

Net Income

Up

$690,458

Up $995,570 (+326%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

2020

Assets$36,458,957
Liabilities$17,728,278
Net Assets$18,730,679
Open 2020 Filing

Operations Trend

Revenue Growth68th percentile

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

2020

Revenue$17,015,057
Expenses$16,324,599
Net Income$690,458
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 13, 2021
Return Version
2019v5.0
Gross Receipts
$17,015,057
Mission and Program Overview

Mission

To provide instructional and educational services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$23,723,009$23,451,549▼ $271,460
Pledges and Grants Receivable$4,009,312$5,430,495▲ $1,421,183
Investments Other Securities$4,516,702$4,510,076▼ $6,626
Cash and Non-Interest-Bearing Accounts$381,270$1,092,960▲ $711,690
Accounts Receivable$1,211,175$1,070,863▼ $140,312
Investments in Publicly Traded Securities$226,389$251,814▲ $25,425
Inventories for Sale or Use$223,776$216,044▼ $7,732
Prepaid Expenses and Deferred Charges$136,578$97,426▼ $39,152
Total Assets$34,753,647$36,458,957▲ $1,705,310
Other Assets Total$325,436$337,730▲ $12,294
Liabilities
Other Liabilities$15,530,806$16,983,531▲ $1,452,725
Deferred Revenue$241,118$394,453▲ $153,335
Accounts Payable and Accrued Expenses$756,435$195,353▼ $561,082
Grants Payable$185,067$154,941▼ $30,126
Total Liabilities$16,713,426$17,728,278▲ $1,014,852
Net Assets / Fund Balance
Net Assets With Donor Restrictions$14,097,303$13,897,940▼ $199,363
Net Assets Without Donor Restrictions$3,942,918$4,832,739▲ $889,821
Total Net Assets Fund Balance$18,040,221$18,730,679▲ $690,458
Total Liabilities and Net Assets / Fund Balance$34,753,647$36,458,957▲ $1,705,310

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,839,359$14,647,138$34,486,497
Land$3,612,190-$3,612,190
Other Securities$508--
Compensation and Service Providers
Top Officer Pay8th percentile

Board Members and Trustees

NameTitle
Ms Julie BadelChair
Mr Paul KnutiVice-chair
Dr John NiskaTrustee
Mr Daniel NiemiTrustee
Mr Eric SaueyTrustee
Mr Michael a LahtiTrustee
Mr Ross RinkinenTrustee
Mr Stephen NikanderTrustee
Ms Kathleen HarmonTrustee
Ms Marilyn ClarkTrustee
Rev Peter VorhesTrustee
Shelby HamarTrustee
Jeanne KemppainenSecretary
Mr John J PerrasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,233,897
Program Service Revenue
$10,429,419
Investment Income
$37,453
Other Revenue
$2,314,288
Change in Net Assets
$690,458

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,015,057
Total Revenue per Audited Statements
$17,015,057
Total Revenue per Form 990
$17,015,057
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,814,881
Salaries, Compensation, and Employee Benefits$7,509,718
Total Fundraising Expense$115,419
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,079,502--$5,079,502
Other Employee Benefits$1,144,035$204,202$102,466$1,450,703
All Other Expenses$1,037,588--$1,037,588
Interest$942,298--$942,298
Depreciation Depletion$801,740--$801,740
Payroll Taxes$772,531--$772,531
Travel$558,520--$558,520
Occupancy$531,601--$531,601
Fees for Services Other$416,817--$416,817
Office Expenses$240,426--$240,426
Pension Plan Contributions$206,982--$206,982
Other Expenses$121,899--$121,899
Fees for Services Accounting$106,213--$106,213
Conferences and Meetings$96,361--$96,361
Insurance$73,542--$73,542
Advertising$5,895$43,552$12,953$62,400
Fees for Services Legal$10,510--$10,510
Fees for Services Management$4,696--$4,696
Total Functional Expenses$15,961,426$247,754$115,419$16,324,599

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,324,599
Total Expenses per Audited Statements$16,324,599
Total Expenses per Form 990$16,324,599
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$14,988,190
Accrued Liabilities$1,995,341
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
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

“Mr. Michael a. Lahti mr. John j. Perras mr. Eric sauey ms. Julie badel jeanne kemppainen mr. Paul knuti shelby hamar rev. Peter vorhes mr. Daniel niemi mr. Ross rinkinen mr. Stephen nikander dr. John niska ms. Marilyn clark ms. Kathleen harmon”

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
Dr Philip Johnson
Title
President
Phone
9064877231
Signed
2021-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Philip Johnson
Formed
1896
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
0
Employees
252

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”

Raw XML AppendixShowing 400 of 449 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/MiscellaneousRevenueGrp/TotalRevenueColumnAmt013349
IRS990/MissionDesc0TO PROVIDE INSTRUCTIONAL AND EDUCATIONAL SERVICES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt018040221
IRS990/NetAssetsOrFundBalancesEOYAmt018730679
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03942918
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04832739
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0531601
IRS990/OccupancyGrp/TotalAmt0531601
IRS990/OfficeExpensesGrp/ProgramServicesAmt0240426
IRS990/OfficeExpensesGrp/TotalAmt0240426
IRS990/OfficerMailingAddressInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0325436
IRS990/OtherAssetsTotalGrp/EOYAmt0337730
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0102466
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0204202
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01144035
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01450703
IRS990/OtherExpensesGrp/Desc0SCHOLARSHIPS/GRANTS/TUIT.
IRS990/OtherExpensesGrp/Desc1COST OF GOODS SOLD
IRS990/OtherExpensesGrp/Desc2FOOD SERVICE
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/ProgramServicesAmt03279280
IRS990/OtherExpensesGrp/ProgramServicesAmt1266263
IRS990/OtherExpensesGrp/ProgramServicesAmt2264727
IRS990/OtherExpensesGrp/ProgramServicesAmt3121899
IRS990/OtherExpensesGrp/TotalAmt03279280
IRS990/OtherExpensesGrp/TotalAmt1266263
IRS990/OtherExpensesGrp/TotalAmt2264727
IRS990/OtherExpensesGrp/TotalAmt3121899
IRS990/OtherLiabilitiesGrp/BOYAmt015530806
IRS990/OtherLiabilitiesGrp/EOYAmt016983531
IRS990/OtherRevenueMiscGrp/Desc0AUXILIARY ACTIVITIES
IRS990/OtherRevenueMiscGrp/Desc1OTHER AUXILIARY AND COMMUNITY
IRS990/OtherRevenueMiscGrp/Desc2LOSS ON SALE OF FIXED ASSETS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01520785
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1630792
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2149362
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01520785
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1630792
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2149362
IRS990/OtherRevenueTotalAmt02314288
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05079502
IRS990/OtherSalariesAndWagesGrp/TotalAmt05079502
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0772531
IRS990/PayrollTaxesGrp/TotalAmt0772531
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0206982
IRS990/PensionPlanContributionsGrp/TotalAmt0206982
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04009312
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt05430495
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0136578
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt097426
IRS990/PrincipalOfficerNm0DR PHILIP JOHNSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1GOVERNMENT GRANTS (FED AID)
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08441323
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11988096
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08441323
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11988096
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03847806
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt034285
IRS990/PYOtherExpensesAmt08425699
IRS990/PYOtherRevenueAmt02217925
IRS990/PYProgramServiceRevenueAmt09250998
IRS990/PYRevenuesLessExpensesAmt0-305112
IRS990/PYSalariesCompEmpBnftPaidAmt07230427
IRS990/PYTotalExpensesAmt015656126
IRS990/PYTotalRevenueAmt015351014
IRS990/ReconcilationRevenueExpnssAmt0690458
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt010429419
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt019839359
IRS990ScheduleD/BuildingsGrp/DepreciationAmt014647138
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt034486497
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt016324599
IRS990ScheduleD/LandGrp/BookValueAmt03612190
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03612190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014988190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11995341
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES, BOND, MORTGAGE OBLIGATIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED LIABILITIES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03129768
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11364885
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt214915
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3508
IRS990ScheduleD/OtherSecuritiesGrp/Desc0NOW ACCOUNT
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CD
IRS990ScheduleD/OtherSecuritiesGrp/Desc2ELCA CONTRACT
IRS990ScheduleD/OtherSecuritiesGrp/Desc3MM
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/RevenueSubtotalAmt017015057
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/TotalBookValueLandBuildingsAmt023451549
IRS990ScheduleD/TotalBookValueSecuritiesAmt04510076
IRS990ScheduleD/TotalExpensesPerForm990Amt016324599
IRS990ScheduleD/TotalLiabilityAmt016983531
IRS990ScheduleD/TotalRevenuePerForm990Amt017015057
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt017015057
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt016324599
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/ExplanationTxt0MR. MICHAEL A. LAHTI MR. JOHN J. PERRAS MR. ERIC SAUEY MS. JULIE BADEL JEANNE KEMPPAINEN MR. PAUL KNUTI SHELBY HAMAR REV. PETER VORHES MR. DANIEL NIEMI MR. ROSS RINKINEN MR. STEPHEN NIKANDER DR. JOHN NISKA MS. MARILYN CLARK MS. KATHLEEN HARMON
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
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt034753647
IRS990/TotalAssetsEOYAmt036458957
IRS990/TotalAssetsGrp/BOYAmt034753647
IRS990/TotalAssetsGrp/EOYAmt036458957
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04233897
IRS990/TotalEmployeeCnt0252
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0115419
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0247754
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt015961426
IRS990/TotalFunctionalExpensesGrp/TotalAmt016324599
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016713426

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$36,458,957
Liabilities
$17,728,278
Net assets
$18,730,679
Revenue
$17,015,057
Expenses
$16,324,599
Net income
$690,458
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
2020Detailed filing. Detailed filing data is available for this year.$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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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