Civic Intelligence

Michigan Molecular Institute

990 • Fiscal year 2016 • EIN 38-1787406

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 07, 2017

Organization ProfileWWW.MMI.ORG

View Organization Page

1910 W Saint Andrews RdMidland, MI 48640

(989) 832-5555

Siviq Scores

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

Liabilities / Assets

35th percentile

0.03x

Higher debt load relative to assets than 35% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

68th percentile

0.28x

Higher debt load relative to revenue than 68% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

69th percentile

10%

Higher net margin than 69% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

72nd percentile

$108,000

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 39.9% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

3rd percentile

-39%

Faster asset growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

1st percentile

-90%

Faster revenue growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets35th percentile

Assets

Down

$2,382,027

Down $1,496,657 (-39%) from 2015

Net Assets

Down

$2,307,341

Down $840,823 (-27%) from 2015

Liabilities

Down

$74,686

Down $655,834 (-90%) from 2015

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin69th percentile

Revenue

Down

$270,576

Down $2,321,905 (-90%) from 2015

Expenses

Down

$243,101

Down $5,145,170 (-95%) from 2015

Net Income

Up

$27,475

Up $2,823,265 (+101%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$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

2016

Assets$2,382,027
Liabilities$74,686
Net Assets$2,307,341
Open 2016 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$270,576
Expenses$243,101
Net Income$27,475
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 7, 2017
Return Version
2016v3.0
Gross Receipts
$397,911
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,980,958$1,951,270▼ $29,688
Investments in Publicly Traded Securities$653,045--
Intangible Assets$467,310--
Pledges and Grants Receivable$350,000--
Savings and Temporary Cash Investments$268,751$224,415▼ $44,336
Accounts Receivable$150,000$200,000▲ $50,000
Prepaid Expenses and Deferred Charges$8,620--
Cash and Non-Interest-Bearing Accounts-$6,342-
Total Assets$3,878,684$2,382,027▼ $1,496,657
Liabilities
Grants Payable$628,632--
Accounts Payable and Accrued Expenses$101,888$73,786▼ $28,102
Other Liabilities-$900-
Total Liabilities$730,520$74,686▼ $655,834
Net Assets / Fund Balance
Unrestricted Net Assets$3,148,164$2,307,341▼ $840,823
Total Net Assets Fund Balance$3,148,164$2,307,341▼ $840,823
Total Liabilities and Net Assets / Fund Balance$3,878,684$2,382,027▼ $1,496,657

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,951,270--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lindsay AspegrenDirectorPT$108,000$108,000

Board Members and Trustees

NameTitle
Dr James PlonkaChairman
Dawn a WrightSecretary/di
Revenue and Support

Revenue Composition

Contributions and Grants
$292,384
Program Service Revenue
$5,150
Investment Income
$-26,958
Other Revenue
$0
All Other Contributions
$292,384
Change in Net Assets
$27,475
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$135,101
Salaries, Compensation, and Employee Benefits$108,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$108,000-$108,000
Fees for Services Other-$88,240-$88,240
Fees for Services Legal-$10,962-$10,962
Fees for Services Accounting-$10,287-$10,287
Travel-$6,235-$6,235
Insurance-$5,295-$5,295
Office Expenses-$4,875-$4,875
Other Expenses-$254-$254
All Other Expenses-$-645-$-645
Total Functional Expenses$0$243,101$0$243,101
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
Accrued Professional Costs$900
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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 990 is reviewed by the secretary prior to filing.”

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

“The conflict of interest policy is enforced by annually sending each employee a conflict of interest statement with a cover letter explaining the policy and requesting they read the statement and sign it.”

Form 990, Page 6, Part VI, Line 15A

“Compensation for the ceo/president is determined and approved by the board.”

Form 990, Page 6, Part VI, Line 15B

“Compensation for key employee and officers are determined by the ceo and board.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Michigan Molecular Institute
EIN
38-1787406
Phone
9898325555
Address
1910 W SAINT ANDREWS RD, MIDLAND, MI 48640

Signing Officer

Name
Dawn a Wright
Title
Secretary/director
Phone
9898325555
Signed
2017-09-07

Organization Details

Principal Officer
Dawn a Wright
Formed
1970
Legal Domicile
Mi
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
Mcmahan Thomson & Associates Pc
Address
1717 RIDGEWOOD DRIVE SUITE 101, MIDLAND, MI 48642-7600
Preparer
Diane C Moomey
Phone
9896313010
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees 0 5,330 0 consulting fees 0 82,910 0 total 0 88,240 0”

Form 990, Part XI, Line 9

“Provision for asset impairment 70,176 share of income from subsdiaries -117,076 divestment -629,242 total -676,142”

Raw XML Appendix384 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE SECRETARY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS ENFORCED BY ANNUALLY SENDING EACH EMPLOYEE A CONFLICT OF INTEREST STATEMENT WITH A COVER LETTER EXPLAINING THE POLICY AND REQUESTING THEY READ THE STATEMENT AND SIGN IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR THE CEO/PRESIDENT IS DETERMINED AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR KEY EMPLOYEE AND OFFICERS ARE DETERMINED BY THE CEO AND BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER PROFESSIONAL FEES 0 5,330 0 CONSULTING FEES 0 82,910 0 TOTAL 0 88,240 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROVISION FOR ASSET IMPAIRMENT 70,176 SHARE OF INCOME FROM SUBSDIARIES -117,076 DIVESTMENT -629,242 TOTAL -676,142
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0MMI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0474129352
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0TESTING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0IMPACT ANALYTICAL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt04068697
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt0-261559
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt01940 N STARK RD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0MIDLAND
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd048642
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/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03878684
IRS990/TotalAssetsEOYAmt02382027
IRS990/TotalAssetsGrp/BOYAmt03878684
IRS990/TotalAssetsGrp/EOYAmt02382027
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0292384
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0243101
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0243101
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0730520
IRS990/TotalLiabilitiesEOYAmt074686
IRS990/TotalLiabilitiesGrp/BOYAmt0730520
IRS990/TotalLiabilitiesGrp/EOYAmt074686
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03148164
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02307341
IRS990/TotalProgramServiceRevenueAmt05150
IRS990/TotalReportableCompFromOrgAmt0108000
IRS990/TotalRevenueGrp/ExclusionAmt0377
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-22185
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0270576
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03878684
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02382027
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt06235
IRS990/TravelGrp/TotalAmt06235
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03148164
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02307341
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0205 POST STREET
IRS990/USAddress/CityNm0MIDLAND
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048640
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.MMI.ORG
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DAWN A WRIGHT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09898325555
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-09-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICHIGAN MOLECULAR INSTITUTE
ReturnHeader/Filer/BusinessNameControlTxt0MICH
ReturnHeader/Filer/EIN0381787406
ReturnHeader/Filer/PhoneNum09898325555
ReturnHeader/Filer/USAddress/AddressLine1Txt01910 W SAINT ANDREWS RD
ReturnHeader/Filer/USAddress/CityNm0MIDLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048640
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F0E94EF04E544C17233C763D9CE64E3004C75740
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0731C9650446335E80732D384AC7BB83AF71B24D3
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382749024
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCMAHAN THOMSON & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01717 RIDGEWOOD DRIVE SUITE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIDLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0486427600
ReturnHeader/PreparerPersonGrp/PhoneNum09896313010
ReturnHeader/PreparerPersonGrp/PreparationDt02017-10-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DIANE C MOOMEY
ReturnHeader/ReturnTs02017-10-16T14:33:27-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,382,027
Liabilities
$74,686
Net assets
$2,307,341
Revenue
$270,576
Expenses
$243,101
Net income
$27,475
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