Civic Intelligence

Michigan Molecular Institute

EIN 38-1787406 • 501(c)3 • Midland, MI

View Organization Page

Profile

To identify, develop, and implement advanced and enabling technologies in order to create new business opportunities.

1940 N Stark RdMidland, MI 48642-9438

www.mmi.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $54,832 (-100%) from 2020

Liabilities

Down

$0

Down $3,243 (-100%) from 2020

Net Assets

Down

$0

Down $51,589 (-100%) from 2020

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2020

Expenses

Up

$54,832

Up $34,621 (+171%) from 2020

Net Income

Down

-$54,832

Down $34,621 (-171%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $15,439,927Liabilities 2010: $413,633Net Assets 2010: $15,026,2942010Assets 2011: $13,167,099Liabilities 2011: $866,758Net Assets 2011: $12,300,3412011Assets 2012: $11,679,275Liabilities 2012: $1,199,364Net Assets 2012: $10,479,9112012Assets 2013: $11,896,581Liabilities 2013: $2,573,262Net Assets 2013: $9,323,3192013Assets 2014: $9,460,236Liabilities 2014: $3,273,157Net Assets 2014: $6,187,0792014Assets 2015: $3,878,684Liabilities 2015: $730,520Net Assets 2015: $3,148,1642015Assets 2016: $2,382,027Liabilities 2016: $74,686Net Assets 2016: $2,307,3412016Assets 2017: $2,357,515Liabilities 2017: $18,510Net Assets 2017: $2,339,0052017Assets 2018: $2,311,785Liabilities 2018: $600Net Assets 2018: $2,311,1852018Assets 2019: $75,295Liabilities 2019: $3,495Net Assets 2019: $71,8002019Assets 2020: $54,832Liabilities 2020: $3,243Net Assets 2020: $51,5892020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $5,421,3172010Expenses 2011: $6,250,1252011Expenses 2012: $6,510,9682012Revenue 2013: $5,527,301Expenses 2013: $6,749,648Net Income 2013: -$1,222,3472013Revenue 2014: $5,359,917Expenses 2014: $7,698,927Net Income 2014: -$2,339,0102014Revenue 2015: $2,592,481Expenses 2015: $5,388,271Net Income 2015: -$2,795,7902015Revenue 2016: $270,576Expenses 2016: $243,101Net Income 2016: $27,4752016Revenue 2017: $79,784Expenses 2017: $48,120Net Income 2017: $31,6642017Revenue 2018: $99Expenses 2018: $27,919Net Income 2018: -$27,8202018Revenue 2019: $41Expenses 2019: $2,239,426Net Income 2019: -$2,239,3852019Revenue 2020: $0Expenses 2020: $20,211Net Income 2020: -$20,2112020Revenue 2021: $0Expenses 2021: $54,832Net Income 2021: -$54,8322021

Highlighted filing

2021

Revenue$0
Expenses$54,832
Net Income-$54,832
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$0
Expenses
$54,832
Net income
-$54,832
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.05$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.00$0.02$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.07$0.00$2.24$2.24
2018Detailed filing. Detailed filing data is available for this year.$2.31$0.00$2.31$0.00$0.03$0.03
2017Detailed filing. Detailed filing data is available for this year.$2.36$0.02$2.34$0.08$0.05$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.38$0.07$2.31$0.27$0.24$0.03
2015Detailed filing. Detailed filing data is available for this year.$3.88$0.73$3.15$2.59$5.39$2.80
2014Detailed filing. Detailed filing data is available for this year.$9.46$3.27$6.19$5.36$7.70$2.34
2013Detailed filing. Detailed filing data is available for this year.$11.9$2.57$9.32$5.53$6.75$1.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$1.20$10.5$6.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$0.87$12.3$6.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.4$0.41$15.0$5.42
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 22, 2024
Return Version
2021v4.0
Gross Receipts
$0
Mission and Program Overview

Mission

N/A Business Terminated

Business terminated

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$49,938$0▼ $49,938
Cash and Non-Interest-Bearing Accounts$4,894$0▼ $4,894
Total Assets$54,832$0▼ $54,832
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$54,832$0▼ $54,832
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$54,832$0▼ $54,832
Total Liabilities and Net Assets / Fund Balance$54,832$0▼ $54,832
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Lindsay AspegrenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-54,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$54,832
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$54,832-$54,832
Total Functional Expenses$0$54,832$0$54,832
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
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
No
Other officer compensation reviewed
No
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, Part VI, Section A, Line 8A

“Year 2021 no activity occurred, business activity was over in Year 2020”

Form 990, Part VI, Section A, Line 8B

“Year 2021 no business activity, all completed in Year 2020.”

Form 990, Part VI, Section B, Line 11B

“The 990 is reviewed prior filing by the secretary.”

Form 990, Part VI, Section B, Line 15

“No officer or president has received compensation.”

Form 990, Part VI, Section C, Line 19

“any policy or financial statements for Year 2021 were provided upon request.”

Filing and Contact Details

Filer

Filer Name
Michigan Molecular Institute
EIN
38-1787406
Phone
8554276583
Address
1940 N Stark Rd, Midland, MI 48642-9438

Signing Officer

Name
Donna Schultz
Title
Controller
Phone
8554276583
Signed
2024-03-22

Organization Details

Principal Officer
Lindsay Aspegren
Formed
1970
Legal Domicile
Mi
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11A

“Management fees for services $51,589”

Raw XML Appendix299 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/MissionDesc0N/A Business Terminated
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NetAssetsOrFundBalancesBOYAmt054832
IRS990/NetAssetsOrFundBalancesEOYAmt00
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IRS990/PriorPeriodAdjustmentsAmt00
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IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt049938
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/FactsAndCircumstancesTestTxt0Year 2021 was the termination of this business and has no public status support as this status was finalized in Year 2020
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt00
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ReasonableCauseExplanation/ExplanationTxt0Was unaware this final filing needed to be completed and prior 990 years done by CPA independent.
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ReturnHeader/ReturnTs02024-04-01T14:46:29-07:00
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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