Civic Intelligence

Michigan Chapter-Penn State Alumni

990EZ • Fiscal year 2023 • EIN 38-2195906

Jul 01, 2022 to Jun 30, 2023 • Filed on May 09, 2024

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

2nd percentile

-611%

Higher net margin than 2% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

64th percentile

10%

Faster asset growth than 64% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

2nd percentile

-98%

Faster revenue growth than 2% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$193,069

Up $18,094 (+10%) from 2022

Net Assets

Up

$193,069

Up $18,094 (+10%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$1,454

Down $60,414 (-98%) from 2022

Expenses

Down

$10,337

Down $45,821 (-82%) from 2022

Net Income

Down

-$8,883

Down $14,593 (-256%) from 2022

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

2023

Assets$193,069
Liabilities$0
Net Assets$193,069

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

2023

Revenue$1,454
Expenses$10,337
Net Income-$8,883
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 9, 2024
Return Version
2022v5.0
Gross Receipts
$66,330
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

See Schedule O

Program Services

DescriptionGrantsExpenses
Golf outing fundraiser to further goals of organization-$18,832
Scholarships awarded to students from the Organizations service area studying at The Pennsylvania State University-$7,892
PSU Whiteout Football Game fundraising event to further goals of organization-$5,140
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert VeresTreasurer-$0--
Brodie SchultzPresident-$0--
Andrea MeridaSecretary-$0--
Gary WadeDirector-$0--
Dan FerrettiVice President-$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 outing$27,196$27,196$675$26,521
Total Events$27,196$27,196$18,832$8,364
Filing and Contact Details

Filer

Filer Name
Michigan Chapter-Penn State Alumni Assn
EIN
38-2195906
Address
PO Box 84, Northville, MI 48167

Signing Officer

Name
Robert Veres
Title
Treasurer
Phone
2483457271
Signed
2024-05-09
Discuss with paid preparer
No

Preparer

Firm
Alan D Miller CPA PC
Address
4150 Bold Meadows, Oakland Twp, MI 48306
Preparer
Alan D Miller CPA
Phone
2484965175
Supplemental Narrative

Additional Explanations

List of grants and similar amounts paid Part I line 10

Activity Grants/similar amounts paid to individuals Relationship None Amount 7,892

Description of other expenses Part I line 16

Description AmountReimbursement - Lionsight 75Penn State Athletics 205Recognition expenses 101Golf club reimbursement 300

Other changes in net assets or fund balances Part I line 20

Description AmountUnrealized gains on investments 24,250Distributions received from PTP 2,727

Part III response or note to any other line in Part III

Form 990-EZ, Part III - Primary Exempt PurposeA. Promote fellowship & welfare of Penn State alumni, students & parents and other friends of PSU residing in MI, esp. in the chapter geographic areaB. Assist PSU in promoting its programming under the direction of PSU Alumni AsscC. Support various PSU and Alumni Assc programming through volunteer servicesD. Provide financial support to selected MI residents attending PSU, through the PSU Endowed Scholarship Fund and fundraising for the MI Chapter AwardE. Engage with the community through voluntary service acts that support organizations who qualify as exempt organizations under IRC Sec 501(c)(3), local businesses seeking volunteer efforts and PSU philantropic goals Form 990-EZ, Part III, Line 28 - First AccomplishmentContribution to THON (The Penn State IFC/Panhellenic Dance Marathon), an affiliated organization under the auspices of The Penn State University. THON is a student-run philanthropy which raises funds and awareness for the fight against childhood cancer

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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/ExplanationTxt0Activity Grants/similar amounts paid to individuals Relationship None Amount 7,892
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountReimbursement - Lionsight 75Penn State Athletics 205Recognition expenses 101Golf club reimbursement 300
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description AmountUnrealized gains on investments 24,250Distributions received from PTP 2,727
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990-EZ, Part III - Primary Exempt PurposeA. Promote fellowship & welfare of Penn State alumni, students & parents and other friends of PSU residing in MI, esp. in the chapter geographic areaB. Assist PSU in promoting its programming under the direction of PSU Alumni AsscC. Support various PSU and Alumni Assc programming through volunteer servicesD. Provide financial support to selected MI residents attending PSU, through the PSU Endowed Scholarship Fund and fundraising for the MI Chapter AwardE. Engage with the community through voluntary service acts that support organizations who qualify as exempt organizations under IRC Sec 501(c)(3), local businesses seeking volunteer efforts and PSU philantropic goals Form 990-EZ, Part III, Line 28 - First AccomplishmentContribution to THON (The Penn State IFC/Panhellenic Dance Marathon), an affiliated organization under the auspices of The Penn State University. THON is a student-run philanthropy which raises funds and awareness for the fight against childhood cancer
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0List of grants and similar amounts paid Part I line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other changes in net assets or fund balances Part I line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part III response or note to any other line in Part III
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Robert Veres
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02483457271
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Michigan Chapter-Penn State Alumni Assn
ReturnHeader/Filer/BusinessNameControlTxt0MICH
ReturnHeader/Filer/EIN0382195906
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 Meadows
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Oakland Twp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048306
ReturnHeader/PreparerPersonGrp/PhoneNum02484965175
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Alan D Miller CPA
ReturnHeader/ReturnTs02024-05-09T11:50:44-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Robert
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Veres
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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