Civic Intelligence

Michigan Tech Fund

990 • Fiscal year 2022 • EIN 38-1554664

Jul 01, 2021 to Jun 30, 2022 • Filed on May 12, 2023

Organization Profilewww.mtu.edu/giving

View Organization Page

1400 Townsend DriveHoughton, MI 49931

(906) 487-1931

Siviq Scores

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

Liabilities / Assets

24th percentile

0.08x

Higher debt load relative to assets than 24% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Liabilities / Revenue

64th percentile

0.73x

Higher debt load relative to revenue than 64% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Net Margin

83rd percentile

31%

Higher net margin than 83% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

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

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Asset Growth

45th percentile

-3.0%

Faster asset growth than 45% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-46%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets24th percentile

Assets

Down

$210,588,714

Down $6,472,794 (-3.0%) from 2021

Net Assets

Down

$193,879,272

Down $5,214,998 (-2.6%) from 2021

Liabilities

Down

$16,709,442

Down $1,257,796 (-7.0%) from 2021

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin83rd percentile

Revenue

Down

$23,017,845

Down $19,656,589 (-46%) from 2021

Expenses

Up

$15,866,543

Up $3,747,114 (+31%) from 2021

Net Income

Down

$7,151,302

Down $23,403,703 (-77%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$300M$200M$100M$0Assets 2011: $113,274,597Liabilities 2011: $5,935,551Net Assets 2011: $107,339,0462011Assets 2012: $109,960,306Liabilities 2012: $5,180,845Net Assets 2012: $104,779,4612012Assets 2013: $119,837,134Liabilities 2013: $4,946,569Net Assets 2013: $114,890,5652013Assets 2014: $128,602,262Liabilities 2014: $5,599,112Net Assets 2014: $123,003,1502014Assets 2015: $130,895,429Liabilities 2015: $5,838,662Net Assets 2015: $125,056,7672015Assets 2016: $134,171,601Liabilities 2016: $5,764,685Net Assets 2016: $128,406,9162016Assets 2017: $144,405,065Liabilities 2017: $7,255,647Net Assets 2017: $137,149,4182017Assets 2018: $154,522,438Liabilities 2018: $6,849,177Net Assets 2018: $147,673,2612018Assets 2019: $157,527,890Liabilities 2019: $7,122,177Net Assets 2019: $150,405,7132019Assets 2020: $159,622,685Liabilities 2020: $5,927,623Net Assets 2020: $153,695,0622020Assets 2021: $217,061,508Liabilities 2021: $17,967,238Net Assets 2021: $199,094,2702021Assets 2022: $210,588,714Liabilities 2022: $16,709,442Net Assets 2022: $193,879,2722022Assets 2023: $222,223,366Liabilities 2023: $16,302,749Net Assets 2023: $205,920,6172023Assets 2024: $238,523,751Liabilities 2024: $16,928,381Net Assets 2024: $221,595,3702024

Highlighted filing

2022

Assets$210,588,714
Liabilities$16,709,442
Net Assets$193,879,272
Open 2022 Filing

Operations Trend

Revenue Growth6th percentile

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

$60M$40M$20M$0Revenue 2011: $20,934,675Expenses 2011: $15,671,025Net Income 2011: $5,263,6502011Revenue 2012: $19,329,005Expenses 2012: $16,219,717Net Income 2012: $3,109,2882012Revenue 2013: $23,670,986Expenses 2013: $14,677,559Net Income 2013: $8,993,4272013Revenue 2014: $16,530,540Expenses 2014: $16,512,539Net Income 2014: $18,0012014Revenue 2015: $26,687,385Expenses 2015: $19,555,787Net Income 2015: $7,131,5982015Revenue 2016: $24,864,870Expenses 2016: $16,757,980Net Income 2016: $8,106,8902016Revenue 2017: $18,573,622Expenses 2017: $15,739,032Net Income 2017: $2,834,5902017Revenue 2018: $21,591,954Expenses 2018: $16,055,654Net Income 2018: $5,536,3002018Revenue 2019: $26,937,297Expenses 2019: $15,557,005Net Income 2019: $11,380,2922019Revenue 2020: $15,450,374Expenses 2020: $15,132,307Net Income 2020: $318,0672020Revenue 2021: $42,674,434Expenses 2021: $12,119,429Net Income 2021: $30,555,0052021Revenue 2022: $23,017,845Expenses 2022: $15,866,543Net Income 2022: $7,151,3022022Revenue 2023: $20,705,355Expenses 2023: $14,627,996Net Income 2023: $6,077,3592023Revenue 2024: $27,066,650Expenses 2024: $20,325,951Net Income 2024: $6,740,6992024

Highlighted filing

2022

Revenue$23,017,845
Expenses$15,866,543
Net Income$7,151,302
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 12, 2023
Return Version
2021v4.2
Gross Receipts
$44,458,702
Mission and Program Overview

Mission

Receives, invests, and disburse contributions raised to support Michigan Technological University.

Receives, invests, and disburses contributions raised to support Michigan Technological University.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$140,187,691$122,049,547▼ $18,138,144
Investments Other Securities$37,201,590$49,765,647▲ $12,564,057
Pledges and Grants Receivable$19,038,677$19,068,420▲ $29,743
Savings and Temporary Cash Investments$11,165,150$10,225,371▼ $939,779
Cash and Non-Interest-Bearing Accounts$3,110$2,222▼ $888
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$217,061,508$210,588,714▼ $6,472,794
Other Assets Total$9,465,290$9,477,507▲ $12,217
Liabilities
Other Liabilities$17,766,850$16,416,477▼ $1,350,373
Accounts Payable and Accrued Expenses$200,388$292,965▲ $92,577
Total Liabilities$17,967,238$16,709,442▼ $1,257,796
Net Assets / Fund Balance
Net Assets With Donor Restrictions$190,294,554$184,690,063▼ $5,604,491
Net Assets Without Donor Restrictions$8,799,716$9,189,209▲ $389,493
Total Net Assets Fund Balance$199,094,270$193,879,272▼ $5,214,998
Total Liabilities and Net Assets / Fund Balance$217,061,508$210,588,714▼ $6,472,794

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,312,213--
Closely Held Equity Interests$20,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$151,519,725$7,571,242▼ $5,265,420$1,417,523$147,630,662
2021$117,623,889$9,069,630▲ $29,326,931$744,767$151,519,725
2020$113,644,897$5,467,724▲ $3,973,130$558,500$117,623,889
2019$115,253,684$2,647,675▲ $1,883,079$971,680$113,644,897
2018$106,418,645$6,750,573▲ $8,689,352$1,031,518$115,253,684
Compensation and Service Providers
Top Officer Pay4th percentile

Board Members and Trustees

NameTitle
-Chair
-President
-Vice President
-Director
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$17,259,222
Program Service Revenue
$0
Investment Income
$5,648,230
Other Revenue
$110,393
All Other Contributions
$17,259,222
Change in Net Assets
$7,151,302

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded61$2,935,224Other - Quoted price on established exchange
Other Non Cash Contri Table56$192,682Opinions of experts
Total Noncash Contributions117$3,127,906-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$14,873,381
Other Expenses$993,162
Total Fundraising Expense$65,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$14,873,381--$14,873,381
Fees for Service Investment Mgmnt Fees-$508,638-$508,638
Fees for Services Other$0$395,353$0$395,353
Office Expenses-$24,171$65,000$89,171
Total Functional Expenses$14,873,381$928,162$65,000$15,866,543
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Michigan Technological UniversityHoughton, MI115(a)support programs$14,680,699
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred inflows$10,989,955
Annuity obligations$4,886,946
Pooled income obligations$539,576
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

“The business and affairs of the Michigan Tech Fund are managed by a board of nine Directors, consisting of three individuals appointed from the Michigan Technological University's Board of Trustees, the President of the University, the Chief Financial Officer, and four at-large members.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“The Board does not review form 990. They are aware that it is available upon request.”

Form 990, Part VI, Line 19 Required documents available to the public

“The Michigan Tech Fund posts it's policy manual and it's audited financial statements on it's website”

990 (2021) Part VI, line 11A:

“The Board does not review form 990. They are aware that it is available upon request.”

990 (2021) Part VI, line 19:

“The Michigan Tech Fund posts it's policy manual and it's audited financial statements on it's website.”

Filing and Contact Details

Filer

Filer Name
Michigan Tech Fund
EIN
38-1554664
Phone
9064871931
Address
1400 Townsend Drive, Houghton, MI 49931

Signing Officer

Name
Julie Seppala
Title
Treasurer
Phone
9064872642
Signed
2023-05-12

Organization Details

Formed
1965
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
4
Employees
0
Volunteers
22
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

“The Michigan Tech Fund uses its endowment funds to award financial aid to Michigan Technological University students and to provide support to other University programs.”

Raw XML AppendixShowing 400 of 537 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/OfficeExpensesGrp/TotalAmt089171
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IRS990/OtherLiabilitiesGrp/BOYAmt017766850
IRS990/OtherLiabilitiesGrp/EOYAmt016416477
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0110393
IRS990/OtherRevenueTotalAmt0110393
IRS990/OwnWebsiteInd0X
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt019038677
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt019068420
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Julie Seppala
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0The Michigan Tech Fund awards approximately 1,000 scholarships and fellowships to Michigan Technological University.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03025139
IRS990/ProgSrvcAccomActy2Grp/GrantAmt03025139
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IRS990/PYInvestmentIncomeAmt07636168
IRS990/PYOtherExpensesAmt01004435
IRS990/PYOtherRevenueAmt061031
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IRS990/PYTotalExpensesAmt012119429
IRS990/PYTotalRevenueAmt042674434
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IRS990/QuidProQuoContriDisclInd0true
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt07151302
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011165150
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010225371
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt034977235
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt012761242
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt014610300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt016104662
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt095712661
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02554135
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02218131
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02791232
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02959819
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02921740
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt013445057
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicSupportCY170Pct00.7970
IRS990ScheduleA/PublicSupportPY170Pct00.79
IRS990ScheduleA/PublicSupportTotal170Amt087000349
IRS990ScheduleA/SubstantialContributorsTotAmt08712312
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt017259222
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt034977235
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt012761242
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt014610300
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt016104662
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt095712661
IRS990ScheduleA/TotalSupportAmt0109157718
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.0
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt020000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt02952085
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0151519725
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt07571242
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0147630662
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt01825277
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-5265420
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt01417523
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt02514502
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0117623889
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt09069630
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0151519725
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt01241456
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt029326931
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0744767
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt03481195
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0113644897
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt05467724
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0117623889
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01422167
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03973130
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0558500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt03421544
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0115253684
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt02647675
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0113644897
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt01746317
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01883079
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0971680
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt03773242
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0106418645
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt06750573
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0115253684
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt01800126
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt08689352
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt01031518
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04886946
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1539576
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt210989955
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Annuity obligations
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Pooled income obligations
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred inflows
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt08050302
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt111874087
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt227509045
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt32312213
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Hedge funds
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Real estate and natural resources
IRS990ScheduleD/OtherSecuritiesGrp/Desc2Private equity
IRS990ScheduleD/OtherSecuritiesGrp/Desc3Global credit
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Michigan Tech Fund uses its endowment funds to award financial aid to Michigan Technological University students and to provide support to other University programs.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part V, Line 4 Intended uses of endowment funds
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.0
IRS990ScheduleD/TotalBookValueSecuritiesAmt049765647
IRS990ScheduleD/TotalLiabilityAmt016416477
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt014680699
IRS990ScheduleI/RecipientTable/IRCSectionDesc0115(a)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt0192682
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0equipment & real property
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0support programs
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Michigan Technological University
IRS990ScheduleI/RecipientTable/RecipientEIN0386005955
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01400 Townsend Drive
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Houghton
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd049931
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV & appraisal
IRS990ScheduleI/Total501c3OrgCnt01
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IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/Form8283ReceivedCnt03
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt056
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Equipment
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0Opinions of experts
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$210,588,714
Liabilities
$16,709,442
Net assets
$193,879,272
Revenue
$23,017,845
Expenses
$15,866,543
Net income
$7,151,302
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$239$16.9$222$27.1$20.3$6.74
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$222$16.3$206$20.7$14.6$6.08
2022Detailed filing. Detailed filing data is available for this year.$211$16.7$194$23.0$15.9$7.15
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$217$18.0$199$42.7$12.1$30.6
2020Summary only. Only limited summary data is available for this year.$160$5.93$154$15.5$15.1$0.32
2019Summary only. Only limited summary data is available for this year.$158$7.12$150$26.9$15.6$11.4
2018Summary only. Only limited summary data is available for this year.$155$6.85$148$21.6$16.1$5.54
2017Summary only. Only limited summary data is available for this year.$144$7.26$137$18.6$15.7$2.83
2016Summary only. Only limited summary data is available for this year.$134$5.76$128$24.9$16.8$8.11
2015Summary only. Only limited summary data is available for this year.$131$5.84$125$26.7$19.6$7.13
2014Summary only. Only limited summary data is available for this year.$129$5.60$123$16.5$16.5$0.02
2013Summary only. Only limited summary data is available for this year.$120$4.95$115$23.7$14.7$8.99
2012Summary only. Only limited summary data is available for this year.$110$5.18$105$19.3$16.2$3.11
2011Summary only. Only limited summary data is available for this year.$113$5.94$107$20.9$15.7$5.26
Peer Organizations

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