Civic Intelligence

Michigan Economic Development Foundation

990 • Fiscal year 2016 • EIN 38-2527475

Jan 01, 2016 to Dec 31, 2016 • Filed on May 18, 2017

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

50th percentile

0.04x

Higher debt load relative to assets than 50% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

50th percentile

0.04x

Higher debt load relative to revenue than 50% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

47th percentile

1.9%

Higher net margin than 47% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

93rd percentile

$141,531

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 21.8% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

29th percentile

-3.8%

Faster asset growth than 29% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets50th percentile

Assets

Down

$587,591

Down $23,093 (-3.8%) from 2015

Net Assets

Up

$563,834

Up $16,997 (+3.1%) from 2015

Liabilities

Down

$23,757

Down $40,090 (-63%) from 2015

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin47th percentile

Revenue

Up

$648,033

Up $64,355 (+11%) from 2015

Expenses

Down

$635,915

Down $25,007 (-3.8%) from 2015

Net Income

Up

$12,118

Up $89,362 (+116%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth29th 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

2016

Assets$587,591
Liabilities$23,757
Net Assets$563,834
Open 2016 Filing

Operations Trend

Revenue Growth64th 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

2016

Revenue$648,033
Expenses$635,915
Net Income$12,118
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 18, 2017
Return Version
2016v3.0
Gross Receipts
$648,033
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$281,753$339,850▲ $58,097
Investments in Publicly Traded Securities$243,721$175,347▼ $68,374
Accounts Receivable$5,000$45,000▲ $40,000
Savings and Temporary Cash Investments$74,803$23,092▼ $51,711
Prepaid Expenses and Deferred Charges$5,407$4,302▼ $1,105
Total Assets$610,684$587,591▼ $23,093
Liabilities
Accounts Payable and Accrued Expenses$63,847$23,757▼ $40,090
Total Liabilities$63,847$23,757▼ $40,090
Net Assets / Fund Balance
Unrestricted Net Assets$466,837$513,834▲ $46,997
Temporarily Rstr Net Assets$80,000$50,000▼ $30,000
Total Net Assets Fund Balance$546,837$563,834▲ $16,997
Total Liabilities and Net Assets / Fund Balance$610,684$587,591▼ $23,093
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer LefevreSecretary/executive DirectorPT$141,531$141,531

Board Members and Trustees

NameTitle
Rick SnyderChairman (ex-officio)
Jeffrey NoelPresident and Co-chairman
BRIAN O'CONNELLBoard Member
Bart DiagBoard Member
Brad SimmonsBoard Member
Brooke BeebeBoard Member
Dana DebelBoard Member
Donna ZalewskiBoard Member
Garrick RochowBoard Member
Jim MurrayBoard Member
Joseph RohatynskiBoard Member
Lu BattaglieriBoard Member
Nancy MoodyBoard Member
Tricia KeithBoard Member
Christine EstereicherAssistant Treasurer
Steve KurmasTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Jennifer LefevreManagerial13481 BLAISDELL DR, Dewitt, MI 48820$141,531
Revenue and Support

Revenue Composition

Contributions and Grants
$647,999
Program Service Revenue
$0
Investment Income
$34
Other Revenue
$0
All Other Contributions
$647,999
Change in Net Assets
$12,118

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 AmountValuation Method
Other Non Cash Contri Table1$49,599Donor Provided Docum
Other Non Cash Contri Table1$5,000Donor Provided Docum
Total Noncash Contributions2$54,599-

Audited Revenue Reconciliation

Revenue per Audited Statements
$648,033
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$4,879
Total Revenue per Audited Statements
$652,912
Total Revenue per Form 990
$648,033
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$506,513
Salaries, Compensation, and Employee Benefits$129,402
Total Fundraising Expense$60,728
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$313,758--$313,758
Current Officers, Directors, Trustees, and Key Employees$10,331$58,343$60,728$129,402
Travel$49,599--$49,599
Fees for Services Accounting-$15,354-$15,354
Office Expenses$173$6,909-$7,082
Fees for Services Legal-$5,250-$5,250
Advertising-$5,000-$5,000
Insurance-$4,302-$4,302
Other Expenses$101,238$3,635-$3,635
Information Technology-$1,295-$1,295
Total Functional Expenses$475,099$100,088$60,728$635,915

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$635,915
Total Expenses per Audited Statements$635,915
Total Expenses per Form 990$635,915
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

“Any person (person being defined to mean any individual, association, partnership, proprietorship whether sole or otherwise, joint venture, corporation whether public or private and whether profit or nonprofit, trust, foundation, charity, unit of government, or other entity whether public or private) may, upon acceptance by the board of directors, become a member of the foundation on such terms and conditions as set by the board. The number and delineation of the classes of members may be changed from time to time by resolution of the board of directors.”

Form 990, Part VI, Section B, Line 11B

“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 of 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. The form 990 is also posted annually on guidestar's website. The form 990 is public information available through the michigan attorney general's office.”

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
2017-05-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Kurmas
Formed
1984
Legal Domicile
Mi
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
25

Preparer

Firm
Abraham & Gaffney Pc
Address
3511 COOLIDGE RD SUITE 100, EAST LANSING, MI 48823
Phone
9892246836
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The board of directors is responible for the selection and oversight of the audit process. This process has not changed from the prior year.”

Raw XML AppendixShowing 400 of 467 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/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0648033
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01295
IRS990/InformationTechnologyGrp/TotalAmt01295
IRS990/InsuranceGrp/ManagementAndGeneralAmt04302
IRS990/InsuranceGrp/TotalAmt04302
IRS990/InvestmentIncomeGrp/ExclusionAmt034
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt034
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0243721
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0175347
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE 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/NetAssetsOrFundBalancesBOYAmt0546837
IRS990/NetAssetsOrFundBalancesEOYAmt0563834
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt04879
IRS990/NoncashContributionsAmt054599
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06909
IRS990/OfficeExpensesGrp/ProgramServicesAmt0173
IRS990/OfficeExpensesGrp/TotalAmt07082
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CLIENT DEVELOPMENT
IRS990/OtherExpensesGrp/Desc1OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03635
IRS990/OtherExpensesGrp/ProgramServicesAmt0101238
IRS990/OtherExpensesGrp/TotalAmt0101238
IRS990/OtherExpensesGrp/TotalAmt13635
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05407
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04302
IRS990/PrincipalOfficerNm0STEVEN KURMAS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0EVENTS, RECEPTIONS & CONFERENCES TO PROMOTE ECONOMIC DEVELOPMENT IN MICHIGAN. THESE EVENTS HAD AN ATTENDANCE OF MORE THAN 2,500 ATTENDEES INCLUDING BUSINESS REPS AND NATIONAL AND INTERNATIONAL AUTOMOTIVE SUPPLIERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0169194
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0583560
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0118
IRS990/PYOtherExpensesAmt0546714
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-77244
IRS990/PYSalariesCompEmpBnftPaidAmt0114208
IRS990/PYTotalExpensesAmt0660922
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0583678
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt012118
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt074803
IRS990/SavingsAndTempCashInvstGrp/EOYAmt023092
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0647999
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0583560
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0658250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0606500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0509250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03005559
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04913
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0-5402
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04552
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0216
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01051
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05330
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.69330
IRS990ScheduleA/PublicSupportPY170Pct00.55510
IRS990ScheduleA/PublicSupportTotal170Amt02087521
IRS990ScheduleA/SubstantialContributorsTotAmt0918038
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0647999
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0583560
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0658250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0606500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0509250
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03005559
IRS990ScheduleA/TotalSupportAmt03010889
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/ExpensesSubtotalAmt0635915
IRS990ScheduleD/NetUnrealizedGainsInvstAmt04879
IRS990ScheduleD/RevenueNotReportedAmt04879
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0648033
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0635915
IRS990ScheduleD/TotalRevenuePerForm990Amt0648033
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0652912
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0635915
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0AIRLINE TICKETS
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1BROCHURES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0DONOR PROVIDED DOCUM
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1DONOR PROVIDED DOCUM
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt049599
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt15000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0ROUND-TRIP AIRLINE TICKETS WERE PROVIDED BY A SINGLE DONOR. CONTRIBUTION EQUIVALENT TO $5,000 FOR THE WORK TO PRODUCE THE MEDF BROCHURE THAT IS HANDED OUT AT THE BOARD MEETING EACH YEAR.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANY PERSON (PERSON BEING DEFINED TO MEAN ANY INDIVIDUAL, ASSOCIATION, PARTNERSHIP, PROPRIETORSHIP WHETHER SOLE OR OTHERWISE, JOINT VENTURE, CORPORATION WHETHER PUBLIC OR PRIVATE AND WHETHER PROFIT OR NONPROFIT, TRUST, FOUNDATION, CHARITY, UNIT OF GOVERNMENT, OR OTHER ENTITY WHETHER PUBLIC OR PRIVATE) MAY, UPON ACCEPTANCE BY THE BOARD OF DIRECTORS, BECOME A MEMBER OF THE FOUNDATION ON SUCH TERMS AND CONDITIONS AS SET BY THE BOARD. THE NUMBER AND DELINEATION OF THE CLASSES OF MEMBERS MAY BE CHANGED FROM TIME TO TIME BY RESOLUTION OF THE BOARD OF DIRECTORS.
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 OF 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. THE FORM 990 IS ALSO POSTED ANNUALLY ON GUIDESTAR'S WEBSITE. THE FORM 990 IS PUBLIC INFORMATION AVAILABLE THROUGH THE MICHIGAN ATTORNEY GENERAL'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS IS RESPONIBLE FOR THE SELECTION AND OVERSIGHT OF THE AUDIT PROCESS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
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 XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt080000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt050000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0610684
IRS990/TotalAssetsEOYAmt0587591
IRS990/TotalAssetsGrp/BOYAmt0610684
IRS990/TotalAssetsGrp/EOYAmt0587591
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0647999
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt060728
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0100088
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0475099
IRS990/TotalFunctionalExpensesGrp/TotalAmt0635915
IRS990/TotalGrossUBIAmt00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$587,591
Liabilities
$23,757
Net assets
$563,834
Revenue
$648,033
Expenses
$635,915
Net income
$12,118
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