Civic Intelligence

Michigan Economic Development Foundation

990 • Fiscal year 2014 • EIN 38-2527475

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 13, 2015

Organization ProfileN/A
201 Townsend St No 900Lansing, MI 48933

(517) 374-9111

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.14x

Higher debt load relative to assets than 63% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

68th percentile

0.15x

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

15th percentile

-17%

Higher net margin than 15% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

92nd percentile

$129,114

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 19.4% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

13th percentile

-12%

Faster asset growth than 13% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

60th percentile

9.7%

Faster revenue growth than 60% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$727,963

Down $103,847 (-12%) from 2013

Net Assets

Down

$629,601

Down $202,209 (-24%) from 2013

Liabilities

Up

$98,362

Up $98,362 from 2013

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin15th percentile

Revenue

Up

$665,463

Up $58,747 (+9.7%) from 2013

Expenses

Up

$777,272

Up $273,238 (+54%) from 2013

Net Income

Down

-$111,809

Down $214,491 (-209%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $527,006Liabilities 2010: $0Net Assets 2010: $527,0062010Assets 2011: $716,582Liabilities 2011: $0Net Assets 2011: $716,5822011Assets 2012: $729,128Liabilities 2012: $0Net Assets 2012: $729,1282012Assets 2013: $831,810Liabilities 2013: $0Net Assets 2013: $831,8102013Assets 2014: $727,963Liabilities 2014: $98,362Net Assets 2014: $629,6012014Assets 2015: $610,684Liabilities 2015: $63,847Net Assets 2015: $546,8372015Assets 2016: $587,591Liabilities 2016: $23,757Net Assets 2016: $563,8342016Assets 2017: $419,101Liabilities 2017: $0Net Assets 2017: $419,1012017Assets 2018: $471,811Liabilities 2018: $13,692Net Assets 2018: $458,1192018Assets 2019: $686,383Liabilities 2019: $22,294Net Assets 2019: $664,0892019Assets 2020: $994,061Liabilities 2020: $41,282Net Assets 2020: $952,7792020Assets 2021: $1,060,409Liabilities 2021: $4,350Net Assets 2021: $1,056,0592021Assets 2022: $1,233,709Liabilities 2022: $155Net Assets 2022: $1,233,5542022Assets 2023: $977,132Liabilities 2023: $18,912Net Assets 2023: $958,2202023Assets 2024: $912,784Liabilities 2024: $24,608Net Assets 2024: $888,1762024

Highlighted filing

2014

Assets$727,963
Liabilities$98,362
Net Assets$629,601
Open 2014 Filing

Operations Trend

Revenue Growth60th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $460,1922010Expenses 2011: $287,3262011Revenue 2012: $510,301Expenses 2012: $497,755Net Income 2012: $12,5462012Revenue 2013: $606,716Expenses 2013: $504,034Net Income 2013: $102,6822013Revenue 2014: $665,463Expenses 2014: $777,272Net Income 2014: -$111,8092014Revenue 2015: $583,678Expenses 2015: $660,922Net Income 2015: -$77,2442015Revenue 2016: $648,033Expenses 2016: $635,915Net Income 2016: $12,1182016Revenue 2017: $825,231Expenses 2017: $980,874Net Income 2017: -$155,6432017Revenue 2018: $768,379Expenses 2018: $729,361Net Income 2018: $39,0182018Revenue 2019: $783,124Expenses 2019: $577,154Net Income 2019: $205,9702019Revenue 2020: $688,986Expenses 2020: $362,449Net Income 2020: $326,5372020Revenue 2021: $613,109Expenses 2021: $509,829Net Income 2021: $103,2802021Revenue 2022: $934,993Expenses 2022: $757,498Net Income 2022: $177,4952022Revenue 2023: $782,167Expenses 2023: $1,057,501Net Income 2023: -$275,3342023Revenue 2024: $687,709Expenses 2024: $757,753Net Income 2024: -$70,0442024

Highlighted filing

2014

Revenue$665,463
Expenses$777,272
Net Income-$111,809
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$698,072
Mission and Program Overview

Mission

To lessen the burden of the government of the state of michigan, to promote the public welfare, and to relieve the condition of high unemployment in the state of michigan.

To lessen the burden of the government of michigan and to promote the public welfare.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$412,436$285,526▼ $126,910
Investments in Publicly Traded Securities-$248,007-
Savings and Temporary Cash Investments$419,374$175,919▼ $243,455
Accounts Receivable$0$15,000▲ $15,000
Prepaid Expenses and Deferred Charges-$3,511-
Total Assets$831,810$727,963▼ $103,847
Liabilities
Accounts Payable and Accrued Expenses$0$98,362▲ $98,362
Total Liabilities$0$98,362▲ $98,362
Net Assets / Fund Balance
Unrestricted Net Assets$831,810$579,601▼ $252,209
Temporarily Rstr Net Assets-$50,000-
Total Net Assets Fund Balance$831,810$629,601▼ $202,209
Total Liabilities and Net Assets / Fund Balance$831,810$727,963▼ $103,847
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer M LefevreSecretaryPT$129,114$129,114

Board Members and Trustees

NameTitle
Rick SnyderChair (ex-officio)
Frederick E ShellPresident & Co-chair
Allan HooperBoard Member
Brooke BeebeBoard Member
D Jeffrey NoelBoard Member
Dana DebelBoard Member
Donna ZalewskiBoard Member
Jim CumminsBoard Member
Jim MurrayBoard Member
Judy BrownBoard Member
Mary CullerBoard Member
Tricia KeithBoard Member
Christine EstereicherAssistant Treasurer
Bryan RoosaCo-treasurer
Steven KurmasCo-treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Jennifer LefevreConsulting13481 BLAISDELL DR, Dewitt, MI 48820$129,114
Revenue and Support

Revenue Composition

Contributions and Grants
$658,250
Program Service Revenue
$0
Investment Income
$7,213
Other Revenue
$0
All Other Contributions
$658,250
Change in Net Assets
$-111,809

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table23$50,250
Total Noncash Contributions23$50,250

Audited Revenue Reconciliation

Revenue per Audited Statements
$665,463
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-2,661
Total Revenue per Audited Statements
$662,802
Total Revenue per Form 990
$665,463
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$636,485
Salaries, Compensation, and Employee Benefits$140,787
Total Fundraising Expense$51,107
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$493,152--$493,152
Current Officers, Directors, Trustees, and Key Employees$22,776$66,904$51,107$140,787
Other Expenses$60,357--$60,357
Travel$50,250--$50,250
Fees for Services Accounting-$15,013-$15,013
Office Expenses-$7,783-$7,783
Insurance-$4,683-$4,683
Information Technology-$3,953-$3,953
Interest-$1,294-$1,294
Total Functional Expenses$626,535$99,630$51,107$777,272

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$777,272
Total Expenses per Audited Statements$777,272
Total Expenses per Form 990$777,272
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Backup withholding compliance
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
Yes
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 6

“The foundation may have different classes of members. The number and delineation of the classes of members may be changed from time to time by resolution of the board of directors. Members in the foundation shall be non-voting.”

Form 990, Part VI, Section B, Line 11

“The 990 is received by the organization's secretary who reviews the return for accuracy. Upon the secretary's approval, the 990 is made available to the board of directors in electronic format. After any concerns presented by the board are addressed, the treasurer signs and files the return.”

Form 990, Part VI, Section B, Line 15A

“Compensation is determined by the board of directors and determined based on a comparison of the same position in other similar organizations.”

Form 990, Part VI, Section C, Line 19

“All information is available upon request. Form 990 is also posted annually on guidestar's website. The foundation is licensed to solicit in the state of michigan and provides form 990 and audited financial statements to the michigan attorney general's office where it is public information.”

Filing and Contact Details

Filer

Filer Name
Michigan Economic Development Foundation
EIN
38-2527475
Phone
5173749111
Address
201 TOWNSEND ST NO 900, LANSING, MI 48933

Signing Officer

Name
Steven Kurmas
Title
Treasurer
Phone
5173749111
Signed
2015-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Kurmas
Formed
1984
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
15

Preparer

Firm
Maner Costerisan Pc
Address
2425 E GRAND RIVER SUITE 1, LANSING, MI 48912-3291
Preparer
Dennis D Theis CPA
Phone
5173237500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Cash to accrual adjustment -87,739.”

Form 990, Part XII, Line 1

“The foundation changed from the cash basis of accounting to the accrual basis of accounting for 2014. The change to the accrual basis of accounting was required to renew the foundation's license to solicit charitable funds in the state of michigan.”

Financial Statement Notes

PART X, LINE 2:

“In the preparation of tax returns, tax positions are taken based on interpretation of federal, state and local income tax laws. Management periodically reviews and evaluates the status of uncertain tax positions and makes estimates of amounts, including interest and penalties, ultimately due or owed. No amounts have been identified, or recorded, as uncertain tax positions. Federal, state and local tax returns generally remain open for examination by the various taxing authorities for a period of three to four years.”

Raw XML AppendixShowing 400 of 449 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/InformationTechnologyGrp/ManagementAndGeneralAmt03953
IRS990/InformationTechnologyGrp/TotalAmt03953
IRS990/InsuranceGrp/ManagementAndGeneralAmt04683
IRS990/InsuranceGrp/TotalAmt04683
IRS990/InterestGrp/ManagementAndGeneralAmt01294
IRS990/InterestGrp/TotalAmt01294
IRS990/InvestmentIncomeGrp/ExclusionAmt05872
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05872
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0248007
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt032609
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO LESSEN THE BURDEN OF THE GOVERNMENT OF THE STATE OF MICHIGAN, TO PROMOTE THE PUBLIC WELFARE, AND TO RELIEVE THE CONDITION OF HIGH UNEMPLOYMENT IN THE STATE OF MICHIGAN.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0831810
IRS990/NetAssetsOrFundBalancesEOYAmt0629601
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01341
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01341
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-2661
IRS990/NoncashContributionsAmt050250
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07783
IRS990/OfficeExpensesGrp/TotalAmt07783
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-87739
IRS990/OtherExpensesGrp/Desc0CLIENT DEVELOPMENT
IRS990/OtherExpensesGrp/ProgramServicesAmt060357
IRS990/OtherExpensesGrp/TotalAmt060357
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03511
IRS990/PrincipalOfficerNm0STEVEN KURMAS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0EVENTS, RECEPTIONS & CONFERENCES TO PROMOTE ECONOMIC DEVELOPMENT IN MICHIGAN. THESE EVENTS HAD A TOTAL ATTENDANCE OF APPROXIMATELY 2,500 ATTENDEES INCLUDING BUSINESS REPS & NATIONAL & INTERNATIONAL AUTOMOTIVE SUPPLIERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0411432
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0606500
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0216
IRS990/PYOtherExpensesAmt0381548
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0102682
IRS990/PYSalariesCompEmpBnftPaidAmt0122486
IRS990/PYTotalExpensesAmt0504034
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0606716
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-111809
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0419374
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0175919
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0658250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0606500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0509250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0475862
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0342696
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02592558
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04552
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0216
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01051
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01040
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01354
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt08213
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.54690
IRS990ScheduleA/PublicSupportPY170Pct00.51500
IRS990ScheduleA/PublicSupportTotal170Amt01422298
IRS990ScheduleA/SubstantialContributorsTotAmt01170260
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0658250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0606500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0509250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0475862
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0342696
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02592558
IRS990ScheduleA/TotalSupportAmt02600771
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0777272
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-2661
IRS990ScheduleD/RevenueNotReportedAmt0-2661
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0665463
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN THE PREPARATION OF TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF FEDERAL, STATE AND LOCAL INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL, STATE AND LOCAL TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY THE VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0777272
IRS990ScheduleD/TotalRevenuePerForm990Amt0665463
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0662802
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0777272
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt023
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0AIRLINE TICKETS
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt050250
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0A TOTAL OF 23 AIRLINE TICKETS WERE DONATED BY A SINGLE DONOR.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION MAY HAVE DIFFERENT CLASSES OF MEMBERS. THE NUMBER AND DELINEATION OF THE CLASSES OF MEMBERS MAY BE CHANGED FROM TIME TO TIME BY RESOLUTION OF THE BOARD OF DIRECTORS. MEMBERS IN THE FOUNDATION SHALL BE NON-VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS RECEIVED BY THE ORGANIZATION'S SECRETARY WHO REVIEWS THE RETURN FOR ACCURACY. UPON THE SECRETARY'S APPROVAL, THE 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS IN ELECTRONIC FORMAT. AFTER ANY CONCERNS PRESENTED BY THE BOARD ARE ADDRESSED, THE TREASURER SIGNS AND FILES THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS AND DETERMINED BASED ON A COMPARISON OF THE SAME POSITION IN OTHER SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL INFORMATION IS AVAILABLE UPON REQUEST. FORM 990 IS ALSO POSTED ANNUALLY ON GUIDESTAR'S WEBSITE. THE FOUNDATION IS LICENSED TO SOLICIT IN THE STATE OF MICHIGAN AND PROVIDES FORM 990 AND AUDITED FINANCIAL STATEMENTS TO THE MICHIGAN ATTORNEY GENERAL'S OFFICE WHERE IT IS PUBLIC INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CASH TO ACCRUAL ADJUSTMENT -87,739.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATION CHANGED FROM THE CASH BASIS OF ACCOUNTING TO THE ACCRUAL BASIS OF ACCOUNTING FOR 2014. THE CHANGE TO THE ACCRUAL BASIS OF ACCOUNTING WAS REQUIRED TO RENEW THE FOUNDATION'S LICENSE TO SOLICIT CHARITABLE FUNDS IN THE STATE OF MICHIGAN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 1
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt050000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0831810
IRS990/TotalAssetsEOYAmt0727963
IRS990/TotalAssetsGrp/BOYAmt0831810
IRS990/TotalAssetsGrp/EOYAmt0727963
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0658250
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt051107
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt099630
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0626535
IRS990/TotalFunctionalExpensesGrp/TotalAmt0777272
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt098362
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt098362
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0831810
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0629601
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0626535
IRS990/TotalReportableCompFromOrgAmt0129114
IRS990/TotalRevenueGrp/ExclusionAmt07213
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$727,963
Liabilities
$98,362
Net assets
$629,601
Revenue
$665,463
Expenses
$777,272
Net income
-$111,809
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.91$0.02$0.89$0.69$0.76$0.07
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.02$0.96$0.78$1.06$0.28
2022Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$0.93$0.76$0.18
2021Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.61$0.51$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.99$0.04$0.95$0.69$0.36$0.33
2019Detailed filing. Detailed filing data is available for this year.$0.69$0.02$0.66$0.78$0.58$0.21
2018Detailed filing. Detailed filing data is available for this year.$0.47$0.01$0.46$0.77$0.73$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$0.83$0.98$0.16
2016Detailed filing. Detailed filing data is available for this year.$0.59$0.02$0.56$0.65$0.64$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.61$0.06$0.55$0.58$0.66$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.73$0.10$0.63$0.67$0.78$0.11
2013Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$0.61$0.50$0.10
2012Summary only. Only limited summary data is available for this year.$0.73$0.00$0.73$0.51$0.50$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.00$0.72$0.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.00$0.53$0.46