Civic Intelligence

MID-Michigan Charitable Foundation

990 • Fiscal year 2016 • EIN 38-2162758

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 06, 2017

1331 East Grand River Ave No 230East Lansing, MI 48823

(517) 337-4148

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.02x

Higher debt load relative to assets than 32% of similar nonprofits.

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

Liabilities / Revenue

83rd percentile

0.81x

Higher debt load relative to revenue than 83% of similar nonprofits.

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

Net Margin

73rd percentile

13%

Higher net margin than 73% of similar nonprofits.

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

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

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

Asset Growth

64th percentile

5.7%

Faster asset growth than 64% of similar nonprofits.

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

Revenue Growth

1st percentile

-95%

Faster revenue growth than 1% of similar nonprofits.

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

Assets

Up

$2,415,661

Up $130,944 (+5.7%) from 2015

Net Assets

Up

$2,360,360

Up $103,870 (+4.6%) from 2015

Liabilities

Up

$55,301

Up $27,074 (+96%) from 2015

Revenue

Down

$68,115

Down $1,409,551 (-95%) from 2015

Expenses

Down

$59,093

Down $11,651 (-16%) from 2015

Net Income

Down

$9,022

Down $1,397,900 (-99%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $778,069Liabilities 2010: $25,613Net Assets 2010: $752,4562010Assets 2011: $745,510Liabilities 2011: $31,761Net Assets 2011: $713,7492011Assets 2012: $787,719Liabilities 2012: $20,635Net Assets 2012: $767,0842012Assets 2013: $905,974Liabilities 2013: $26,207Net Assets 2013: $879,7672013Assets 2014: $2,346,520Liabilities 2014: $28,683Net Assets 2014: $2,317,8372014Assets 2015: $2,284,717Liabilities 2015: $28,227Net Assets 2015: $2,256,4902015Assets 2016: $2,415,661Liabilities 2016: $55,301Net Assets 2016: $2,360,3602016Assets 2017: $2,636,815Liabilities 2017: $32,076Net Assets 2017: $2,604,7392017Assets 2018: $2,411,275Liabilities 2018: $62,937Net Assets 2018: $2,348,3382018Assets 2019: $2,789,862Liabilities 2019: $74,929Net Assets 2019: $2,714,9332019Assets 2020: $3,005,843Liabilities 2020: $69,213Net Assets 2020: $2,936,6302020Assets 2021: $3,345,001Liabilities 2021: $110,387Net Assets 2021: $3,234,6142021Assets 2022: $2,720,229Liabilities 2022: $32,614Net Assets 2022: $2,687,6152022Assets 2023: $3,050,393Liabilities 2023: $79,417Net Assets 2023: $2,970,9762023Assets 2024: $3,272,423Liabilities 2024: $110,070Net Assets 2024: $3,162,3532024

Highlighted filing

2016

Assets$2,415,661
Liabilities$55,301
Net Assets$2,360,360

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $23,0382010Expenses 2011: $33,0282011Revenue 2012: $22,632Expenses 2012: $52,645Net Income 2012: -$30,0132012Revenue 2013: $30,898Expenses 2013: $35,617Net Income 2013: -$4,7192013Revenue 2014: $30,262Expenses 2014: $42,035Net Income 2014: -$11,7732014Revenue 2015: $1,477,666Expenses 2015: $70,744Net Income 2015: $1,406,9222015Revenue 2016: $68,115Expenses 2016: $59,093Net Income 2016: $9,0222016Revenue 2017: $83,899Expenses 2017: $126,169Net Income 2017: -$42,2702017Revenue 2018: $88,831Expenses 2018: $66,257Net Income 2018: $22,5742018Revenue 2019: $84,766Expenses 2019: $91,379Net Income 2019: -$6,6132019Revenue 2020: $93,923Expenses 2020: $104,608Net Income 2020: -$10,6852020Revenue 2021: $142,161Expenses 2021: $71,877Net Income 2021: $70,2842021Revenue 2022: $107,353Expenses 2022: $114,137Net Income 2022: -$6,7842022Revenue 2023: $184,299Expenses 2023: $115,867Net Income 2023: $68,4322023Revenue 2024: $190,186Expenses 2024: $137,309Net Income 2024: $52,8772024

Highlighted filing

2016

Revenue$68,115
Expenses$59,093
Net Income$9,022
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 6, 2017
Return Version
2016v3.0
Gross Receipts
$127,368
Mission and Program Overview

Mission

A vehicle for making charitable contributions by members of the public and allocating contributions and income in accordance with the desires of said members.

Distributions to 170 (b) entries

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,230,990$2,350,585▲ $119,595
Cash and Non-Interest-Bearing Accounts$41,294$63,068▲ $21,774
Prepaid Expenses and Deferred Charges$10,426--
Accounts Receivable$2,007$2,008▲ $1
Total Assets$2,284,717$2,415,661▲ $130,944
Liabilities
Grants Payable$25,855$52,655▲ $26,800
Accounts Payable and Accrued Expenses$2,372$2,646▲ $274
Total Liabilities$28,227$55,301▲ $27,074
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,966,480$1,966,480→ $0
Temporarily Rstr Net Assets$290,010$393,880▲ $103,870
Total Net Assets Fund Balance$2,256,490$2,360,360▲ $103,870
Total Liabilities and Net Assets / Fund Balance$2,284,717$2,415,661▲ $130,944

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$2,256,490-▲ $338,458-$2,498,352
2015$2,317,837$1,086▼ $2,571-$2,256,490
2014$879,767$1,416,837▲ $65,743-$2,317,837
2013$767,084-▲ $153,872-$879,767
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chad PerrineDirector
Debra HallgrenDirector
Jane CarpenterDirector
Jordan OdellDirector
Mark VostrizanskyDirector
Peter ShannonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$68,115
Other Revenue
$0
Change in Net Assets
$9,022

Audited Revenue Reconciliation

Revenue per Audited Statements
$68,117
Revenue Not Reported on Financial Statements
$-2
Revenue Not Reported on Form 990
$132,350
Other Revenue Adjustments
$-2
Total Revenue per Audited Statements
$200,467
Total Revenue per Form 990
$68,115
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$33,265
Grants and Similar Amounts Paid$25,828
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$28,261-$28,261
Grants to Domestic Orgs$25,828--$25,828
Fees for Services Accounting-$4,840-$4,840
Fees for Services Legal-$164-$164
Total Functional Expenses$25,828$33,265$0$59,093

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$96,596
Total Expenses per Audited Statements$96,596
Total Expenses per Form 990$59,093
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-37,503
Other Expense Adjustments$-37,503
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
Audit committee
Yes
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 B, Line 11B

Committee reviews tax return before filing.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Mid-michigan Charitable Foundation
EIN
38-2162758
Phone
5173374148
Address
1331 EAST GRAND RIVER AVE NO 230, EAST LANSING, MI 48823

Signing Officer

Name
Chad Perrine
Title
Trustee
Phone
5173374148
Signed
2017-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Huntington National Bank
Formed
1977
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
0
Employees
0
Volunteers
5

Preparer

Firm
Warmels & Comstock Pllc
Address
3505 COOLIDGE ROAD, EAST LANSING, MI 48823
Preparer
Staci Hathaway CPA Ea
Phone
5173515508
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Accrual to cash adjustment - income and expenses -37,500.

FORM 990, PART XII, LINE 2C:

NO CHANGE IN PROCESS.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

UNREALIZED GAIN 132,350.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Accrual to cash - reconcile income -2.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Accrual to cash - reconcile expense -37,503.

Raw XML Appendix386 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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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2571
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt016945
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0879767
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01416837
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02317837
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt027565
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt065743
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt016059
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0767084
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0879767
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt025130
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0153872
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-37503
IRS990ScheduleD/ExpensesSubtotalAmt096596
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-37503
IRS990ScheduleD/OtherRevenueAmt0132350
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-2
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.83310
IRS990ScheduleD/RevenueNotReportedAmt0132350
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-2
IRS990ScheduleD/RevenueSubtotalAmt068117
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNREALIZED GAIN 132,350.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCRUAL TO CASH - RECONCILE INCOME -2.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ACCRUAL TO CASH - RECONCILE EXPENSE -37,503.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.16690
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt059093
IRS990ScheduleD/TotalRevenuePerForm990Amt068115
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0200467
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt096596
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COMMITTEE REVIEWS TAX RETURN BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCRUAL TO CASH ADJUSTMENT - INCOME AND EXPENSES -37,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO CHANGE IN PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0290010
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0393880
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02284717
IRS990/TotalAssetsEOYAmt02415661
IRS990/TotalAssetsGrp/BOYAmt02284717
IRS990/TotalAssetsGrp/EOYAmt02415661
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033265
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt025828
IRS990/TotalFunctionalExpensesGrp/TotalAmt059093
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt028227
IRS990/TotalLiabilitiesEOYAmt055301
IRS990/TotalLiabilitiesGrp/BOYAmt028227
IRS990/TotalLiabilitiesGrp/EOYAmt055301
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02256490
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02360360
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt025828
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt068115
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt068115
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02284717
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02415661
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01331 EAST GRAND RIVER AVE NO 230
IRS990/USAddress/CityNm0EAST LANSING
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048823
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHAD PERRINE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum05173374148
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MID-MICHIGAN CHARITABLE FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O HUNTINGTON NATIONAL BANK
ReturnHeader/Filer/BusinessNameControlTxt0MID-
ReturnHeader/Filer/EIN0382162758
ReturnHeader/Filer/PhoneNum05173374148
ReturnHeader/Filer/USAddress/AddressLine1Txt01331 EAST GRAND RIVER AVE NO 230
ReturnHeader/Filer/USAddress/CityNm0EAST LANSING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048823
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0142ACD826A39E077A16D815AE547EFD43639BBDD
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F4F0B0EECC79B0CD48B7F116E513EA8018E4C2DC
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.249.166.61
ReturnHeader/FilingSecurityInformation/IPDt02017-11-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm015:02:09
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383204593
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WARMELS & COMSTOCK PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03505 COOLIDGE ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EAST LANSING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048823
ReturnHeader/PreparerPersonGrp/PhoneNum05173515508
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STACI HATHAWAY CPA EA
ReturnHeader/ReturnTs02017-11-15T07:13:52-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.27$0.11$3.16$0.19$0.14$0.05
2023Detailed filing. Detailed filing data is available for this year.$3.05$0.08$2.97$0.18$0.12$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.72$0.03$2.69$0.11$0.11$0.01
2021Detailed filing. Detailed filing data is available for this year.$3.35$0.11$3.23$0.14$0.07$0.07
2020Detailed filing. Detailed filing data is available for this year.$3.01$0.07$2.94$0.09$0.10$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.79$0.07$2.71$0.08$0.09$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.41$0.06$2.35$0.09$0.07$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.64$0.03$2.60$0.08$0.13$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.42$0.06$2.36$0.07$0.06$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.28$0.03$2.26$1.48$0.07$1.41
2014Detailed filing. Detailed filing data is available for this year.$2.35$0.03$2.32$0.03$0.04$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.91$0.03$0.88$0.03$0.04$0.00
2012Summary only. Only limited summary data is available for this year.$0.79$0.02$0.77$0.02$0.05$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.03$0.71$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.03$0.75$0.02