Civic Intelligence

Michigan Chapter-Penn State Alumni

990EZ • Fiscal year 2022 • EIN 38-2195906

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

PO Box 84Northville, MI 48167

(248) 345-7271

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

57th percentile

9.2%

Higher net margin than 57% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

14th percentile

-34%

Faster asset growth than 14% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

71st percentile

44%

Faster revenue growth than 71% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$174,975

Down $90,686 (-34%) from 2021

Net Assets

Down

$174,975

Down $90,686 (-34%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$61,868

Up $18,850 (+44%) from 2021

Expenses

Up

$56,158

Up $29,885 (+114%) from 2021

Net Income

Down

$5,710

Down $11,035 (-66%) from 2021

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2021: $265,661Liabilities 2021: $0Net Assets 2021: $265,6612021Assets 2022: $174,975Liabilities 2022: $0Net Assets 2022: $174,9752022Assets 2023: $193,069Liabilities 2023: $0Net Assets 2023: $193,0692023Assets 2024: $199,791Liabilities 2024: $0Net Assets 2024: $199,7912024

Highlighted filing

2022

Assets$174,975
Liabilities$0
Net Assets$174,975

Operations Trend

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

$80K$60K$40K$20K$0-$20KRevenue 2021: $43,018Expenses 2021: $26,273Net Income 2021: $16,7452021Revenue 2022: $61,868Expenses 2022: $56,158Net Income 2022: $5,7102022Revenue 2023: $1,454Expenses 2023: $10,337Net Income 2023: -$8,8832023Revenue 2024: $45,407Expenses 2024: $21,350Net Income 2024: $24,0572024

Highlighted filing

2022

Revenue$61,868
Expenses$56,158
Net Income$5,710
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 2, 2022
Return Version
2021v4.0
Gross Receipts
$115,832
Mission and Program Overview

Mission

A. To promote the fellowship and welfare of penn state alumni, students, parents of students, and other friends of penn state university residing in the state of michigan especially in the chapter geographic area b. To assist the university in promoting its programming under the direction of penn state alumni association c. To support various university and penn state alumni association programming through chapter volunteer services d. To provide financial support to selected michigan residents attending penn state, through the penn state endowed scholarship fund and fundraising for the michigan chapter award e. To engage with the community through voluntary service acts that support organizations who qualify as exempt organizations under section 501(c)(3) of the internal revenue code, local businesses seeking volunteer support efforts, university related philantrophic initiatives, and events to improve the community by means of chapter held fundraising events f. The chapter is respons

Program Services

DescriptionGrantsExpenses
CONTRIBUTION TO THON (THE PENN STATE IFC/PANHELLENIC DANCE MARATHON), AN AFFILIATED ORGANIZATION UNDER THE AUSPICES OF THE PENNSYLVANIA STATE UNIVERSITY. THON IS A STUDENT-RUN PHILANTHROPY WHICH RAISES FUNDS AND AWARENENSS FOR THE FIGHT AGAINST CHILDHOOD CANCER.$40,551$40,551
SCHOLARSHIP AWARDED TO A STUDENT FROM THE ORGANIZATIONS SERVICE AREA STUDYING AT THE PENNSYLVANIA STATE UNIVERSITY$8,197$8,197
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRODIE SCHULTZPresident-$0--
ROBERT VERESTreasurer-$0--
ANDREA MERIDASecretary-$0--
GARY WADEDirector-$0--
DAN FERRETTIVice Preside-$0--
GEORGE MILLERDirector-$0--
JASON RUPPDirector-$0--
RAVEEN FERNANDODirector-$0--
IMANI ADEGBUYIDirector-$0--
DON BAINDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf-2022$35,341$31,600$599$31,001
Football 2021$7,599$7,599$137$7,462
Total Events$42,940$39,199$21,907$17,292
Filing and Contact Details

Filer

Filer Name
Michigan Chapter-penn State Alumni
EIN
38-2195906
Phone
2483457271
Address
PO BOX 84, NORTHVILLE, MI 48167

Signing Officer

Name
Robert Veres
Title
Treasurer
Phone
2483457271
Signed
2022-11-02

Preparer

Firm
Alan D Miller CPA Pc
Address
4150 BOLD MDWS, OAKLAND TOWNSHIP, MI 48306-1455
Preparer
Alan D Miller Cpapfs
Phone
2484965175
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Cash contribution: 8,197 relationship: none

Form 990-ez, Part I, Line 10

Name: penn state thon address: 227d hertzel union bldg university park, pa 16802 cash contribution: 40,551

Form 990-ez, Part I, Line 16

Expenses chapter events/meetings 3,966 total 3,966

Form 990-ez, Part I, Line 20

Unrealized losses on investments -96,396

Form 990-ez, Part III

A. To promote the fellowship and welfare of penn state alumni, students, parents of students, and other friends of penn state university residing in the state of michigan especially in the chapter geographic area b. To assist the university in promoting its programming under the direction of penn state alumni association c. To support various university and penn state alumni association programming through chapter volunteer services d. To provide financial support to selected michigan residents attending penn state, through the penn state endowed scholarship fund and fundraising for the michigan chapter award e. To engage with the community through voluntary service acts that support organizations who qualify as exempt organizations under section 501(c)(3) of the internal revenue code, local businesses seeking volunteer support efforts, university related philantrophic initiatives, and events to improve the community by means of chapter held fundraising events f. The chapter is responsible for adhering to reasonable compensation, as necessary, for services provided to the chapter to support the chapter's purposes. At no point shall the chapter proceeds benefit, or be distributed to its directors, officers or other private persons. G. The chapter shall not engage in or coordinate activities that are not permitted to be supported by an organization who classifies under section 501(c)(3) of the internal revenue code. The organization for which the chapter elects to support is not required to be classified as a 501(c)(3) organization. As excerpted from the organization's by-laws revised 12-14-2021

Form 990-ez, Part III, Line 28

Contribution to thon (the penn state ifc/panhellenic dance marathon), an affiliated organization under the auspices of the pennsylvania state university. Thon is a student-run philanthropy which raises funds and awarenenss for the fight against childhood cancer.

Raw XML Appendix193 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
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IRS990EZ/PrimaryExemptPurposeTxt0A. TO PROMOTE THE FELLOWSHIP AND WELFARE OF PENN STATE ALUMNI, STUDENTS, PARENTS OF STUDENTS, AND OTHER FRIENDS OF PENN STATE UNIVERSITY RESIDING IN THE STATE OF MICHIGAN ESPECIALLY IN THE CHAPTER GEOGRAPHIC AREA B. TO ASSIST THE UNIVERSITY IN PROMOTING ITS PROGRAMMING UNDER THE DIRECTION OF PENN STATE ALUMNI ASSOCIATION C. TO SUPPORT VARIOUS UNIVERSITY AND PENN STATE ALUMNI ASSOCIATION PROGRAMMING THROUGH CHAPTER VOLUNTEER SERVICES D. TO PROVIDE FINANCIAL SUPPORT TO SELECTED MICHIGAN RESIDENTS ATTENDING PENN STATE, THROUGH THE PENN STATE ENDOWED SCHOLARSHIP FUND AND FUNDRAISING FOR THE MICHIGAN CHAPTER AWARD E. TO ENGAGE WITH THE COMMUNITY THROUGH VOLUNTARY SERVICE ACTS THAT SUPPORT ORGANIZATIONS WHO QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, LOCAL BUSINESSES SEEKING VOLUNTEER SUPPORT EFFORTS, UNIVERSITY RELATED PHILANTROPHIC INITIATIVES, AND EVENTS TO IMPROVE THE COMMUNITY BY MEANS OF CHAPTER HELD FUNDRAISING EVENTS F. THE CHAPTER IS RESPONS
IRS990EZ/PrintingPublicationsPostageAmt01247
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CONTRIBUTION TO THON (THE PENN STATE IFC/PANHELLENIC DANCE MARATHON), AN AFFILIATED ORGANIZATION UNDER THE AUSPICES OF THE PENNSYLVANIA STATE UNIVERSITY. THON IS A STUDENT-RUN PHILANTHROPY WHICH RAISES FUNDS AND AWARENENSS FOR THE FIGHT AGAINST CHILDHOOD CANCER.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1SCHOLARSHIP AWARDED TO A STUDENT FROM THE ORGANIZATIONS SERVICE AREA STUDYING AT THE PENNSYLVANIA STATE UNIVERSITY
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IRS990EZ/WebsiteAddressTxt0WWW.PSUALUMNIMICHIGAN.COM
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0GROSS RECEIPTS - FUNDRAISING EVENTS 92,574
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CASH CONTRIBUTION: 8,197 RELATIONSHIP: NONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NAME: PENN STATE THON ADDRESS: 227D HERTZEL UNION BLDG UNIVERSITY PARK, PA 16802 CASH CONTRIBUTION: 40,551
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPENSES CHAPTER EVENTS/MEETINGS 3,966 TOTAL 3,966
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UNREALIZED LOSSES ON INVESTMENTS -96,396
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A. TO PROMOTE THE FELLOWSHIP AND WELFARE OF PENN STATE ALUMNI, STUDENTS, PARENTS OF STUDENTS, AND OTHER FRIENDS OF PENN STATE UNIVERSITY RESIDING IN THE STATE OF MICHIGAN ESPECIALLY IN THE CHAPTER GEOGRAPHIC AREA B. TO ASSIST THE UNIVERSITY IN PROMOTING ITS PROGRAMMING UNDER THE DIRECTION OF PENN STATE ALUMNI ASSOCIATION C. TO SUPPORT VARIOUS UNIVERSITY AND PENN STATE ALUMNI ASSOCIATION PROGRAMMING THROUGH CHAPTER VOLUNTEER SERVICES D. TO PROVIDE FINANCIAL SUPPORT TO SELECTED MICHIGAN RESIDENTS ATTENDING PENN STATE, THROUGH THE PENN STATE ENDOWED SCHOLARSHIP FUND AND FUNDRAISING FOR THE MICHIGAN CHAPTER AWARD E. TO ENGAGE WITH THE COMMUNITY THROUGH VOLUNTARY SERVICE ACTS THAT SUPPORT ORGANIZATIONS WHO QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, LOCAL BUSINESSES SEEKING VOLUNTEER SUPPORT EFFORTS, UNIVERSITY RELATED PHILANTROPHIC INITIATIVES, AND EVENTS TO IMPROVE THE COMMUNITY BY MEANS OF CHAPTER HELD FUNDRAISING EVENTS F. THE CHAPTER IS RESPONSIBLE FOR ADHERING TO REASONABLE COMPENSATION, AS NECESSARY, FOR SERVICES PROVIDED TO THE CHAPTER TO SUPPORT THE CHAPTER'S PURPOSES. AT NO POINT SHALL THE CHAPTER PROCEEDS BENEFIT, OR BE DISTRIBUTED TO ITS DIRECTORS, OFFICERS OR OTHER PRIVATE PERSONS. G. THE CHAPTER SHALL NOT ENGAGE IN OR COORDINATE ACTIVITIES THAT ARE NOT PERMITTED TO BE SUPPORTED BY AN ORGANIZATION WHO CLASSIFIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION FOR WHICH THE CHAPTER ELECTS TO SUPPORT IS NOT REQUIRED TO BE CLASSIFIED AS A 501(C)(3) ORGANIZATION. AS EXCERPTED FROM THE ORGANIZATION'S BY-LAWS REVISED 12-14-2021
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRIBUTION TO THON (THE PENN STATE IFC/PANHELLENIC DANCE MARATHON), AN AFFILIATED ORGANIZATION UNDER THE AUSPICES OF THE PENNSYLVANIA STATE UNIVERSITY. THON IS A STUDENT-RUN PHILANTHROPY WHICH RAISES FUNDS AND AWARENENSS FOR THE FIGHT AGAINST CHILDHOOD CANCER.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT VERES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02483457271
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICHIGAN CHAPTER-PENN STATE ALUMNI
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0MICH
ReturnHeader/Filer/EIN0382195906
ReturnHeader/Filer/PhoneNum02483457271
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 84
ReturnHeader/Filer/USAddress/CityNm0NORTHVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048167
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271121152
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALAN D MILLER CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04150 BOLD MDWS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OAKLAND TOWNSHIP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0483061455
ReturnHeader/PreparerPersonGrp/PhoneNum02484965175
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALAN D MILLER CPAPFS
ReturnHeader/ReturnTs02022-11-03T09:39:44-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROBERT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VERES
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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