Civic Intelligence

Michigan Economic Development Foundation

990 • Fiscal year 2018 • EIN 38-2527475

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 21, 2019

Organization ProfileN/A
201 Townsend Street 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

49th percentile

0.03x

Higher debt load relative to assets than 49% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

44th percentile

0.02x

Higher debt load relative to revenue than 44% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

54th percentile

5.1%

Higher net margin than 54% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

78th percentile

$72,000

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

71st percentile

13%

Faster asset growth than 71% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

28th percentile

-6.9%

Faster revenue growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$471,811

Up $52,710 (+13%) from 2017

Net Assets

Up

$458,119

Up $39,018 (+9.3%) from 2017

Liabilities

Up

$13,692

Up $13,692 from 2017

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin54th percentile

Revenue

Down

$768,379

Down $56,852 (-6.9%) from 2017

Expenses

Down

$729,361

Down $251,513 (-26%) from 2017

Net Income

Up

$39,018

Up $194,661 (+125%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth71st 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

2018

Assets$471,811
Liabilities$13,692
Net Assets$458,119
Open 2018 Filing

Operations Trend

Revenue Growth28th 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

2018

Revenue$768,379
Expenses$729,361
Net Income$39,018
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 21, 2019
Return Version
2018v3.1
Gross Receipts
$768,379
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 the state of michigan and to promote the public welfare

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$57,837$466,482▲ $408,645
Cash and Non-Interest-Bearing Accounts$278,887--
Prepaid Expenses and Deferred Charges$4,302$4,302→ $0
Accounts Receivable$78,075$1,027▼ $77,048
Total Assets$419,101$471,811▲ $52,710
Liabilities
Accounts Payable and Accrued Expenses-$13,692-
Total Liabilities$0$13,692▲ $13,692
Net Assets / Fund Balance
Unrestricted Net Assets$369,101$408,119▲ $39,018
Temporarily Rstr Net Assets$50,000$50,000→ $0
Total Net Assets Fund Balance$419,101$458,119▲ $39,018
Total Liabilities and Net Assets / Fund Balance$419,101$471,811▲ $52,710
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ashley Vanek - TenbrinkSecretary /PT$72,000$72,000

Board Members and Trustees

NameTitle
Rick SnyderChairman, Ex
D Jeffrey NoelPresident
Allison ScottBoard Member
Andrew LundBoard Member
BRIAN O'CONNELLBoard Member
Bart DiagBoard Member
Brooke L BeebeBoard Member
Donna ZalewskiBoard Member
Eric FriedmanBoard Member
Garrick RochowBoard Member
Jeff DavidmanBoard Member
Jim MurrayBoard Member
Joseph RohatynskiBoard Member
Mark JonesBoard Member
Matthew GodlewskiBoard Member
Rick LantzBoard Member
Shelley KlugBoard Member
Tricia a KeithBoard Member
Christine EstereicherAssistant Tr
Nancy MoodyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$765,125
Program Service Revenue
$0
Investment Income
$104
Other Revenue
$3,150
All Other Contributions
$765,125
Change in Net Assets
$39,018

Audited Revenue Reconciliation

Revenue per Audited Statements
$768,379
Total Revenue per Audited Statements
$768,379
Total Revenue per Form 990
$768,379
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$518,361
Grants and Similar Amounts Paid$139,000
Salaries, Compensation, and Employee Benefits$72,000
Total Fundraising Expense$72,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$318,669--$318,669
Grants to Domestic Orgs$139,000--$139,000
Current Officers, Directors, Trustees, and Key Employees--$72,000$72,000
Fees for Services Other-$27,750-$27,750
Travel$24,335--$24,335
Fees for Services Accounting-$8,000-$8,000
Fees for Services Management-$7,996-$7,996
Insurance-$4,916-$4,916
Fees for Services Legal-$2,870-$2,870
Other Expenses$119,363$1,882-$1,882
Total Functional Expenses$601,367$55,994$72,000$729,361

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$729,361
Total Expenses per Audited Statements$729,361
Total Expenses per Form 990$729,361
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cheeseburger in CasevilleCaseville, MIGovLocal Collaborations$10,000
Huron IsdBad Axe, MIGovLocal Collaborations$10,000
Lapeeer Area Chamber of CommerceLapeer, MIGovLocal Collaborations$10,000
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
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, 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 delineations of the classes of members may be changed from time to time by resolution of the board of directors.”

Form 990, Page 6, Part VI, Line 11B

“The foundation's accountant receives and reviews form 990 for accuracy. After the accountant approves the return, it is made available to the board of directors in electronic format. After any board member concerns are addressed, the treasurer signs and files the return.”

Form 990, Page 6, Part VI, Line 12C

“The conflict of interest policy and the code of conduct are reviewed annually and all board directors are required to disclose any conflicts of interest and to notify the board of any conflicts that may arise throughout the year.”

Form 990, Page 6, Part VI, Line 15A

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

Form 990, Page 6, Part VI, Line 19

“All information is available on request. Form 990 is also posted annually at the guidestar website. Form 990 is public information available through the michigan attorney general's office.”

Filing and Contact Details

Filer

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

Signing Officer

Name
Nancy Moody
Title
Treasurer
Phone
5173749111
Signed
2019-06-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ashley Vanek - Tenbrink
Formed
1984
Legal Domicile
Mi
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
21

Preparer

Firm
Layton & Richardson Pc
Address
1000 COOLIDGE RD, EAST LANSING, MI 48823-2469
Preparer
Vickie L Crouch
Phone
5173321900
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IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY /
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IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
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IRS990/FormationYr01984
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IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0139000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0139000
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IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0768379
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04916
IRS990/InsuranceGrp/TotalAmt04916
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0104
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IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt0458119
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0CLIENT DEVELOPMENT
IRS990/OtherExpensesGrp/Desc1MARKETING
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02580
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11882
IRS990/OtherExpensesGrp/ProgramServicesAmt0119363
IRS990/OtherExpensesGrp/TotalAmt0119363
IRS990/OtherExpensesGrp/TotalAmt12580
IRS990/OtherExpensesGrp/TotalAmt21882
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03150
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03150
IRS990/OtherRevenueTotalAmt03150
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04302
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04302
IRS990/PrincipalOfficerNm0ASHLEY VANEK - TENBRINK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0EVENTS, RECEPTIONS & CONFERENCES TO PROMOTE ECONOMIC DEVELOPMENT IN MICHIGAN. IN 2018 THESE EVENTS WERE ATTENDED BY MORE THAN 3,500 PARTICIPANTS, INCLUDING BUINESS REPS AND NATIONAL AND INTERNATIONAL AUTOMOTIVE SUPPLIERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0119363
IRS990/ProgSrvcAccomActy3Grp/Desc0COLLABORATION WITH OTHER LOCAL PUBLIC AND PRIVATE ENTITIES STRIVING TO ENSURE GROWTH AND PROVIDE AN ECONOMIC BOOST AND ENTERTAINMENT TO LOCAL COMMUNITIES. COLLABORATIONS IN 2018 BENEFITED OVER 40 COMMUNITY EVENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0139000
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0139000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0824771
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0105750
IRS990/PYInvestmentIncomeAmt040
IRS990/PYOtherExpensesAmt0725703
IRS990/PYOtherRevenueAmt0420
IRS990/PYRevenuesLessExpensesAmt0-155643
IRS990/PYSalariesCompEmpBnftPaidAmt0149421
IRS990/PYTotalExpensesAmt0980874
IRS990/PYTotalRevenueAmt0825231
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt039018
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt057837
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0466482
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt03,570
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0765125
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0824771
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0647999
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0583560
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0658250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03479705
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0104
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt010950
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04913
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0-5402
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04552
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt015117
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03150
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03150
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0420
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03570
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.49950
IRS990ScheduleA/PublicSupportPY170Pct00.27490
IRS990ScheduleA/PublicSupportTotal170Amt01747533
IRS990ScheduleA/SubstantialContributorsTotAmt01732172
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0765125
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0824771
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0647999
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0583560
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0658250
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03479705
IRS990ScheduleA/TotalSupportAmt03498392
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0729361
IRS990ScheduleD/RevenueSubtotalAmt0768379
IRS990ScheduleD/TotalExpensesPerForm990Amt0729361
IRS990ScheduleD/TotalRevenuePerForm990Amt0768379
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0768379
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0729361
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc1GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc2GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0LOCAL COLLABORATIONS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1LOCAL COLLABORATIONS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2LOCAL COLLABORATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHEESEBURGER IN CASEVILLE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1LAPEEER AREA CHAMBER OF COMMERCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2HURON ISD
IRS990ScheduleI/RecipientTable/RecipientEIN0383188999
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt06632 MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1108 W PARK STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21299 S THOMAS ROAD SUITE 1
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0PO BOX 122
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CASEVILLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1LAPEER
IRS990ScheduleI/RecipientTable/USAddress/CityNm2BAD AXE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd048725
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd148446
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd248413
IRS990ScheduleI/Total501c3OrgCnt03
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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 DELINEATIONS OF THE CLASSES OF MEMBERS MAY BE CHANGED FROM TIME TO TIME BY RESOLUTION OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S ACCOUNTANT RECEIVES AND REVIEWS FORM 990 FOR ACCURACY. AFTER THE ACCOUNTANT APPROVES THE RETURN, IT IS MADE AVAILABLE TO THE BOARD OF DIRECTORS IN ELECTRONIC FORMAT. AFTER ANY BOARD MEMBER CONCERNS ARE ADDRESSED, THE TREASURER SIGNS AND FILES THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY AND THE CODE OF CONDUCT ARE REVIEWED ANNUALLY AND ALL BOARD DIRECTORS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST AND TO NOTIFY THE BOARD OF ANY CONFLICTS THAT MAY ARISE THROUGHOUT THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORES AND DETERMINED BASED ON A COMPARISON OF THE SAME POSITION IN OTHER SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL INFORMATION IS AVAILABLE ON REQUEST. FORM 990 IS ALSO POSTED ANNUALLY AT THE GUIDESTAR WEBSITE. FORM 990 IS PUBLIC INFORMATION AVAILABLE THROUGH THE MICHIGAN ATTORNEY GENERAL'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$471,811
Liabilities
$13,692
Net assets
$458,119
Revenue
$768,379
Expenses
$729,361
Net income
$39,018
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