Civic Intelligence

Finlandia University

990 • Fiscal year 2021 • EIN 38-1359570

Jul 01, 2020 to Jun 30, 2021 • Filed on May 02, 2022

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

73rd percentile

0.47x

Higher debt load relative to assets than 73% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

78th percentile

0.94x

Higher debt load relative to revenue than 78% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

28th percentile

2.8%

Higher net margin than 28% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

14th percentile

$105,128

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

18th percentile

-0.8%

Faster asset growth than 18% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

40th percentile

6.3%

Faster revenue growth than 40% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Down

$36,184,751

Down $274,206 (-0.8%) from 2020

Net Assets

Up

$19,230,673

Up $499,994 (+2.7%) from 2020

Liabilities

Down

$16,954,078

Down $774,200 (-4.4%) from 2020

Revenue

Up

$18,081,025

Up $1,065,968 (+6.3%) from 2020

Expenses

Up

$17,581,030

Up $1,256,431 (+7.7%) from 2020

Net Income

Down

$499,995

Down $190,463 (-28%) from 2020

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

2021

Assets$36,184,751
Liabilities$16,954,078
Net Assets$19,230,673

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

2021

Revenue$18,081,025
Expenses$17,581,030
Net Income$499,995
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 2, 2022
Return Version
2020v4.0
Gross Receipts
$18,081,025
Mission and Program Overview

Mission

To provide instructional and educational services.

A learning community dedicated to academic excellence and service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$23,451,549$22,911,571▼ $539,978
Pledges and Grants Receivable$5,430,495$5,305,495▼ $125,000
Investments Other Securities$4,510,076$4,546,412▲ $36,336
Accounts Receivable$1,070,863$1,283,712▲ $212,849
Cash and Non-Interest-Bearing Accounts$1,092,960$925,184▼ $167,776
Investments in Publicly Traded Securities$251,814$407,059▲ $155,245
Prepaid Expenses and Deferred Charges$97,426$253,196▲ $155,770
Inventories for Sale or Use$216,044$202,967▼ $13,077
Total Assets$36,458,957$36,184,751▼ $274,206
Other Assets Total$337,730$349,155▲ $11,425
Liabilities
Other Liabilities$16,983,531$16,290,024▼ $693,507
Accounts Payable and Accrued Expenses$195,353$432,531▲ $237,178
Grants Payable$154,941$204,802▲ $49,861
Deferred Revenue$394,453$26,721▼ $367,732
Total Liabilities$17,728,278$16,954,078▼ $774,200
Net Assets / Fund Balance
Net Assets With Donor Restrictions$13,897,940$14,053,584▲ $155,644
Net Assets Without Donor Restrictions$4,832,739$5,177,089▲ $344,350
Total Net Assets Fund Balance$18,730,679$19,230,673▲ $499,994
Total Liabilities and Net Assets / Fund Balance$36,458,957$36,184,751▼ $274,206

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,299,381$15,432,189$34,731,570
Land$3,612,190-$3,612,190
Other Securities$484--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Dr Philip JohnsonPresident$105,128$105,128
Revenue and Support

Revenue Composition

Contributions and Grants
$1,662,531
Program Service Revenue
$14,525,189
Investment Income
$4,213
Other Revenue
$1,889,092
Change in Net Assets
$499,995

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,081,025
Total Revenue per Audited Statements
$18,081,025
Total Revenue per Form 990
$18,081,025
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,051,421
Salaries, Compensation, and Employee Benefits$5,497,109
Total Fundraising Expense$275,119
Grants and Similar Amounts Paid$32,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,418,491$889,640$186,942$4,495,073
Other Employee Benefits$782,039$191,417$28,580$1,002,036
Fees for Services Other$372,114$425,622$5,810$803,546
Depreciation Depletion$567,586$217,457-$785,043
Interest$439,819$318,489-$758,308
All Other Expenses$338,287$388,982$30,630$757,899
Occupancy$29,466$431,941-$461,407
Other Expenses$315$217,869$25$218,209
Travel$162,348$1,383$2,091$165,822
Insurance-$142,917-$142,917
Office Expenses$10,937$65,324$21,041$97,302
Advertising$7,514$41,612-$49,126
Grants to Domestic Individuals$32,500--$32,500
Conferences and Meetings$21,714$961-$22,675
Total Functional Expenses$13,631,882$3,674,029$275,119$17,581,030

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$17,581,031
Expenses per Audited Statements$17,581,030
Total Expenses per Form 990$17,581,030
Expenses Not Reported on Form 990$1
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Michael LahtiTrustee-No$39,684
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes, Bond, Mortgage Obligations$14,348,387
Accrued Liabilities$1,937,005
Annuities Payable$4,632
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
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The audit committee reviews the 990 prior to filing and the board has the return made available to them electronically.

Form 990, Page 6, Part VI, Line 12C

In the january meeting of the board, members are reminded of their duties with respect to conflicts of interest and timely disclosure.

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 the director of human resources, cfo, 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 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
2022-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Philip Johnson
Formed
1896
Legal Domicile
Mi
Voting Board Members
12
Independent Board Members
11
Employees
254

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

Rounding 0 book / tax depreciation difference -1 net loss from reconciliation of subsidiary 0 total -1

Financial Statement Notes

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

Rounding 0 book / tax depreciation difference 1

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IRS990/OccupancyGrp/ManagementAndGeneralAmt0431941
IRS990/OccupancyGrp/ProgramServicesAmt029466
IRS990/OccupancyGrp/TotalAmt0461407
IRS990/OfficeExpensesGrp/FundraisingAmt021041
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt065324
IRS990/OfficeExpensesGrp/ProgramServicesAmt010937
IRS990/OfficeExpensesGrp/TotalAmt097302
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0337730
IRS990/OtherAssetsTotalGrp/EOYAmt0349155
IRS990/OtherChangesInNetAssetsAmt0-1
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt028580
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0191417
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0782039
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01002036
IRS990/OtherExpensesGrp/Desc0SCHOLARSHIPS/GRANTS/TUIT.
IRS990/OtherExpensesGrp/Desc1TRIO
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3FOOD SERVICE
IRS990/OtherExpensesGrp/FundraisingAmt025
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt019995
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt121780
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2298640
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3217869
IRS990/OtherExpensesGrp/ProgramServicesAmt05763413
IRS990/OtherExpensesGrp/ProgramServicesAmt11079010
IRS990/OtherExpensesGrp/ProgramServicesAmt2606329
IRS990/OtherExpensesGrp/ProgramServicesAmt3315
IRS990/OtherExpensesGrp/TotalAmt05783408
IRS990/OtherExpensesGrp/TotalAmt11100790
IRS990/OtherExpensesGrp/TotalAmt2904969
IRS990/OtherExpensesGrp/TotalAmt3218209
IRS990/OtherLiabilitiesGrp/BOYAmt016983531
IRS990/OtherLiabilitiesGrp/EOYAmt016290024
IRS990/OtherRevenueMiscGrp/Desc0AUXILIARY ACTIVITIES
IRS990/OtherRevenueMiscGrp/Desc1OTHER AUXILIARY AND COMMUNITY
IRS990/OtherRevenueMiscGrp/Desc2GAINS ON INVESTMENTS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01217943
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1586593
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt284556
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01217943
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1586593
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt284556
IRS990/OtherRevenueTotalAmt01889092
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0186942
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0889640
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03418491
IRS990/OtherSalariesAndWagesGrp/TotalAmt04495073
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt05430495
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt05305495
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt097426
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0253196
IRS990/PrincipalOfficerNm0DR PHILIP JOHNSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1GOVERNMENT GRANTS (FED AID)
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08572402
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15952787
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08572402
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15952787
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04233897
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt037453
IRS990/PYOtherExpensesAmt08814881
IRS990/PYOtherRevenueAmt02314288
IRS990/PYProgramServiceRevenueAmt010429419
IRS990/PYRevenuesLessExpensesAmt0690458
IRS990/PYSalariesCompEmpBnftPaidAmt07509718
IRS990/PYTotalExpensesAmt016324599
IRS990/PYTotalRevenueAmt017015057
IRS990/ReconcilationRevenueExpnssAmt0499995
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt014525189
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt019299381
IRS990ScheduleD/BuildingsGrp/DepreciationAmt015432189
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt034731570
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt01
IRS990ScheduleD/ExpensesSubtotalAmt017581030
IRS990ScheduleD/LandGrp/BookValueAmt03612190
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03612190
IRS990ScheduleD/OtherExpensesIncludedAmt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014348387
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11937005
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24632
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES, BOND, MORTGAGE OBLIGATIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ANNUITIES PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03154799
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11348495
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt224320
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt318314
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt4484
IRS990ScheduleD/OtherSecuritiesGrp/Desc0NOW ACCOUNT
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CD
IRS990ScheduleD/OtherSecuritiesGrp/Desc2RESTRICTED CHECKING
IRS990ScheduleD/OtherSecuritiesGrp/Desc3ELCA CONTRACT
IRS990ScheduleD/OtherSecuritiesGrp/Desc4MM
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/RevenueSubtotalAmt018081025
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ROUNDING 0 BOOK / TAX DEPRECIATION DIFFERENCE 1
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022911571
IRS990ScheduleD/TotalBookValueSecuritiesAmt04546412
IRS990ScheduleD/TotalExpensesPerForm990Amt017581030
IRS990ScheduleD/TotalLiabilityAmt016290024
IRS990ScheduleD/TotalRevenuePerForm990Amt018081025
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt018081025
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017581031
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 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
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt023000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt19500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0WESTERN GREAT LAKES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1FINLANDIA CARES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt014
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt19
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1CASH
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MICHAEL LAHTI
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0TRUSTEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt039684
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE AUDIT COMMITTEE REVIEWS THE 990 PRIOR TO FILING AND THE BOARD HAS THE RETURN MADE AVAILABLE TO THEM ELECTRONICALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN THE JANUARY MEETING OF THE BOARD, MEMBERS ARE REMINDED OF THEIR DUTIES WITH RESPECT TO CONFLICTS OF INTEREST AND TIMELY DISCLOSURE.
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 THE DIRECTOR OF HUMAN RESOURCES, CFO, 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 AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING 0 BOOK / TAX DEPRECIATION DIFFERENCE -1 NET LOSS FROM RECONCILIATION OF SUBSIDIARY 0 TOTAL -1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$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
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