Liabilities / Assets
81st percentile
Higher debt load relative to assets than 81% of similar nonprofits.
Michigan State Chamber Foundation
990 • Fiscal year 2012 • EIN 38-2647323
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.20x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
16th percentile
Faster asset growth than 16% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Down$333,923
Down $135,267 (-29%) from 2011
Net Assets
Down$267,875
Down $118,043 (-31%) from 2011
Liabilities
Down$66,048
Down $17,224 (-21%) from 2011
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Up$495,140
Up $48,083 (+11%) from 2011
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2011 to Jun 30, 2012
- Signed
- Jan 16, 2013
- Return Version
- 2011v1.2
- Gross Receipts
- $377,097
Mission and Program Overview
Mission
1) To plan and conduct nonpartisan educational projects, public policy research on economic issues, and operate a business leadership development program.2) To conduct research and distribute policy studies on economic issues facing Michigan including, but not limited to, taxation, government regulation, health care, hazardous waste, crime, tourism and recreation, welfare, government spending and transportation.3) To encourage and support the mission of the Michigan Chamber to promote conditions favorable to job creation and business success in Michigan.
Filing and Contact Details
Filer
- EIN
- 38-2647323
Raw XML AppendixShowing 400 of 466 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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| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2012 AND 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2009. |
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| IRS990ScheduleL/Form990ScheduleLPartV/Explanation | 1 | CONSULTING, PUBLIC RELATIONS, AND EVENT FACILITATION FOR ANNUAL MEETING AND DINNER. |
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| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | THERE ARE NO MATERIAL DIFFERENCES IN VOTING RIGHTS AND THE BOARD GETS THE FINAL VOTE. THE BOARD DOES NOT DELEGATE BROAD AUTHORITY TO THE EXECUTIVE COMMITTEE AS A GENERAL RULE (INTERPRETED DIFFERENTLY FROM EXERCISING POWERS WHEN THE BOARD IS NOT IN SESSION). |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | THE 990 WAS REVIEWED BY THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | ALL FOUNDATION BOARD MEMBERS ARE ALSO CURRENT OR FORMER BOARD MEMBERS OF THE MICHIGAN CHAMBER OF COMMERCE (THE "CHAMBER"). AT THE BEGINNING OF EVERY CHAMBER BOARD MEETING, DIRECTORS REVIEW THE CONFLICT OF INTEREST POLICY AND ARE ASKED TO DISCLOSE INTERESTS THAT MAY RESULT IN A CONFLICT. THE POLICY IS INCLUDED AS PART OF THE WORKING CONSENT AGENDA FOR EACH BOARD MEETING IN ADVANCE OF BUSINESS AGENDA ITEMS. IF THE BOARD OF DIRECTORS DETERMINES THAT A CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON SHALL LEAVE THE MEETING DURING DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | EXECUTIVE SALARY AND BENEFITS (PAID BY A RELATED ORGANIZATION) ARE COMPARED TO COMPENSATION SURVEYS CONDUCTED BY NATIONAL AND STATE ASSOCIATIONS WITH PEER ORGANIZATIONS AS MEMBERS. THE DATA IS REVIEWED BY THE EXECUTIVE COMMITTEE AND PRESIDENT & C.E.O. IN DETERMINING COMPENSATION LEVELS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | COPIES OF THESE DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | RICHARD K. STUDLEY: 45 HOURS - MICHIGAN CHAMBER OF COMMERCE; 10 HOURS - MICHIGAN CHAMBER SERVICES, BOB LABRANT: 49 HOURS - MICHIGAN CHAMBER OF COMMERCE; 1 HOUR - MICHIGAN CHAMBER FOUNDATION BOB THOMAS: 30 HOURS - MICHIGAN CHAMBER OF COMMERCE; 5 HOURS - MICHIGAN CHAMBER SERVICES, INC.; 15 HOURS - MICHIGAN CHAMBER FOUNDATION |
| IRS990ScheduleO/GeneralExplanation/Explanation | 7 | FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS HAS RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | AVERAGE HOURS PER WEEK DEVOTED TO RELATED ORGANIZATIONS |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990, PART VI, SECTION A, LINE 1 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 5 | LINE 1A - COLUMN B |
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| IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities | 0 | TO PROMOTE CONDITIONS FAVORABLE TO JOB CREATION AND BUSINESS GROWTH IN MICH. |
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| IRS990ScheduleR/Form990ScheduleRPartIV/LegalDomicileState | 0 | MI |
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| IRS990ScheduleR/Form990ScheduleRPartIV/PrimaryActivity | 0 | MEMBER SERVICES |
| IRS990ScheduleR/Form990ScheduleRPartIV/TypeOfEntity | 0 | C |
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| IRS990ScheduleR/OtherTransferFromOtherOrg | 0 | 0 |
| IRS990ScheduleR/OtherTransferToOtherOrg | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesByOtherOrgs | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesForOtherOrgs | 0 | 0 |
| IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg | 0 | 0 |
| IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidByOtherOrg | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidToOtherOrg | 0 | 1 |
| IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs | 0 | 1 |
| IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs | 0 | 0 |
| IRS990ScheduleR/SaleOfAssetsToOtherOrg | 0 | 0 |
| IRS990ScheduleR/SharingOfFacilities | 0 | 0 |
| IRS990ScheduleR/SharingOfPaidEmployees | 0 | 0 |
| IRS990ScheduleR/TransactionsRelatedOrgsTable/AmountInvolved | 0 | 111226 |
| IRS990ScheduleR/TransactionsRelatedOrgsTable/MethodOfAmtDetermination | 0 | COST |
| IRS990ScheduleR/TransactionsRelatedOrgsTable/NameOfOtherOrganization/BusinessNameLine1 | 0 | MICHIGAN CHAMBER OF COMMERCE |
| IRS990ScheduleR/TransactionsRelatedOrgsTable/TransactionType | 0 | O |
| IRS990/School | 0 | 0 |
| IRS990/SignificantChange | 0 | 0 |
| IRS990/SignificantNewProgramServices | 0 | 0 |
| IRS990/StateLegalDomicile | 0 | MI |
| IRS990/StatesWhereCopyOfReturnIsFiled | 0 | MI |
| IRS990/SubjectToProxyTax | 0 | 0 |
| IRS990/TaxablePartyNotification | 0 | 0 |
| IRS990/TaxExemptBonds | 0 | 0 |
| IRS990/Terminated | 0 | 0 |
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| IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1 | 0 | 600 SOUTH WALNUT |
| IRS990/TheBooksAreInCareOf/AddressUS/City | 0 | LANSING |
| IRS990/TheBooksAreInCareOf/AddressUS/State | 0 | MI |
| IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode | 0 | 48933 |
| IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine1 | 0 | JULIE LAMACCHIA |
| IRS990/TheBooksAreInCareOf/TelephoneNumber | 0 | 5173712100 |
| IRS990/TotalAssets/BOY | 0 | 469190 |
| IRS990/TotalAssetsBOY | 0 | 469190 |
| IRS990/TotalAssets/EOY | 0 | 333923 |
| IRS990/TotalAssetsEOY | 0 | 333923 |
| IRS990/TotalCompGT150K | 0 | 1 |
| IRS990/TotalContributions | 0 | 146000 |
| IRS990/TotalExpensesCurrentYear | 0 | 495140 |
| IRS990/TotalExpensesPriorYear | 0 | 447057 |
| IRS990/TotalFunctionalExpenses/Fundraising | 0 | 0 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $333,923
- Liabilities
- $66,048
- Net assets
- $267,875
- Revenue
- -
- Expenses
- $495,140
- Net income
- -