Civic Intelligence

Michigan State Chamber Foundation

990EZ • Fiscal year 2019 • EIN 38-2647323

Jul 01, 2018 to Jun 30, 2019 • Filed on Jun 26, 2020

600 South WalnutLansing, MI 48933

(517) 371-2100

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Higher debt load relative to assets than 57% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Higher debt load relative to revenue than 57% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

84th percentile

31%

Higher net margin than 84% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

97th percentile

475%

Faster asset growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

42nd percentile

-3.7%

Faster revenue growth than 42% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$35,678

Up $29,471 (+475%) from 2018

Net Assets

Up

$35,671

Up $30,669 (+613%) from 2018

Liabilities

Down

$7

Down $1,198 (-99%) from 2018

Revenue

Down

$100,164

Down $3,861 (-3.7%) from 2018

Expenses

Down

$69,495

Down $24,813 (-26%) from 2018

Net Income

Up

$30,669

Up $20,952 (+216%) from 2018

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2011: $469,190Liabilities 2011: $83,272Net Assets 2011: $385,9182011Assets 2012: $333,923Liabilities 2012: $66,048Net Assets 2012: $267,8752012Assets 2013: $291,372Liabilities 2013: $28,302Net Assets 2013: $263,0702013Assets 2014: $256,305Liabilities 2014: $12,047Net Assets 2014: $244,2582014Assets 2015: $182,036Liabilities 2015: $19,809Net Assets 2015: $162,2272015Assets 2016: $62,803Liabilities 2016: $15,069Net Assets 2016: $47,7342016Assets 2017: $17,510Liabilities 2017: $22,225Net Assets 2017: -$4,7152017Assets 2018: $6,207Liabilities 2018: $1,205Net Assets 2018: $5,0022018Assets 2019: $35,678Liabilities 2019: $7Net Assets 2019: $35,6712019Assets 2020: $208,375Liabilities 2020: $14,000Net Assets 2020: $194,3752020Assets 2021: $116,358Liabilities 2021: $21,520Net Assets 2021: $94,8382021Assets 2022: $207,889Liabilities 2022: $48,833Net Assets 2022: $159,0562022Assets 2023: $216,505Liabilities 2023: $96,542Net Assets 2023: $119,9632023Assets 2024: $369,510Liabilities 2024: $182,325Net Assets 2024: $187,1852024

Highlighted filing

2019

Assets$35,678
Liabilities$7
Net Assets$35,671

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $458,632Expenses 2011: $447,057Net Income 2011: $11,5752011Expenses 2012: $495,1402012Revenue 2013: $355,309Expenses 2013: $360,114Net Income 2013: -$4,8052013Revenue 2014: $210,804Expenses 2014: $229,616Net Income 2014: -$18,8122014Revenue 2015: $197,945Expenses 2015: $291,568Net Income 2015: -$93,6232015Revenue 2016: $95,765Expenses 2016: $210,258Net Income 2016: -$114,4932016Revenue 2017: $44,336Expenses 2017: $96,785Net Income 2017: -$52,4492017Revenue 2018: $104,025Expenses 2018: $94,308Net Income 2018: $9,7172018Revenue 2019: $100,164Expenses 2019: $69,495Net Income 2019: $30,6692019Revenue 2020: $402,441Expenses 2020: $243,737Net Income 2020: $158,7042020Revenue 2021: $254,979Expenses 2021: $368,516Net Income 2021: -$113,5372021Revenue 2022: $548,278Expenses 2022: $406,949Net Income 2022: $141,3292022Revenue 2023: $780,858Expenses 2023: $752,859Net Income 2023: $27,9992023Revenue 2024: $1,092,955Expenses 2024: $1,025,733Net Income 2024: $67,2222024

Highlighted filing

2019

Revenue$100,164
Expenses$69,495
Net Income$30,669
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jun 26, 2020
Return Version
2018v3.2
Gross Receipts
$100,164
Mission and Program Overview

Mission

1) to plan and conduct nonpartisan public education programs regarding free enterprise, productivity and basic economic issues affecting the state of michigan.2) to establish and operate a leadership institute designed to provide promising future leaders in business, politics, the arts, education, and social services with an assessment of michigan's assets, challenges and opportunities in order to give participants the background and network of contacts necessary to make a positive impact on michigan's future.3) to conduct nonpartisan research and distribute policy studies on issues facing michigan including, but not limited to taxation, government regulation, health care, hazardous waste, crime, tourism and recreation, welfare, government spending and transportation.4) to encourage and support the mission of the michigan chamber to promote conditions favorable to job creation and business growth in michigan.

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.

Program Services

DescriptionGrantsExpenses
MICHIGAN CHAMBER FOUNDATION (THE "FOUNDATION") PROVIDES ACCESS TO INFORMATION AND NONPARTISAN EDUCATIONAL PROGRAMS FOR THE BUSINESS COMMUNITY OF MICHIGAN THROUGH PROGRAMS AND EVENTS SUCH AS LEADERSHIP MICHIGAN, ECONOMIC FORECAST FORUM, AND THE YEA! PROGRAM. LEADERSHIP MICHIGAN IS A LEADERSHIP DEVELOPMENT PROGRAM FOR BUSINESS LEADERS ABOUT CRITICAL ECONOMIC AND CIVIC ISSUES FACING THE STATE.THE ECONOMIC FORECAST FORUM IS HELD TO DISCUSS MICHIGAN'S ECONOMIC COMPETITIVENESS; KEY INDUSTRY FORECASTS; INSIGHTS TO INFORM YOUR BUSINESS DECISIONS; AND VALUABLE NETWORKING WITH LEADERS AND LENDERS.THE YEA! PROGRAM (YOUNG ENTREPRENEUR'S ACADEMY) USES AREA BUSINESS LEADERS TO HELP MENTOR MIDDLE AND HIGH SCHOOL STUDENTS IN ENTREPRENEURISM.$0$69,495
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
RICHARD K STUDLEYPresident-$0--
JULIETTE OKOTIE-EBOHChairperson-$0--
ROBERT THOMASTreasurer-$0--
TINA KOZAKDirector At Large-$0--
STACIE R BEHLERDirector At Large-$0--
STEVEN MITCHELLDirector At Large-$0--
Filing and Contact Details

Filer

Filer Name
Michigan Chamber Foundation
EIN
38-2647323
Phone
5173712100
Address
600 SOUTH WALNUT, LANSING, MI 48933

Signing Officer

Name
Richard K Studley
Title
President & C.e.o.
Phone
5173712100
Signed
2020-06-26
Discuss with paid preparer
Yes

Preparer

Firm
Plante & Moran Pllc
Address
1111 MICHIGAN AVENUE PO BOX 2500, EAST LANSING, MI 48826-2500
Preparer
Tina Peters CPA
Phone
5173326200
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: advertising and promotion. Amount: 196. Description: office expenses. Amount: 459. Description: travel. Amount: 980. Description: conferences. Amount: 1,831. Description: reimbursed payroll expenses. Amount: 45,007. Description: other program expense. Amount: 16,272. Total to form 990-ez, line 16: 64,745.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts recievable - admin . Beg. Of year amount: 0. End of year amount: 3,900.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: due to affiliates. Beg. Of year amount: 6. End of year amount: 7. Description: accounts payable - trade. Beg. Of year amount: 1,199. End of year amount: 0.

Raw XML Appendix189 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR AT LARGE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR AT LARGE
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IRS990EZ/OperateHospitalInd00
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IRS990EZ/PrimaryExemptPurposeTxt01) 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.
IRS990EZ/ProgramServiceRevenueAmt041173
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MICHIGAN CHAMBER FOUNDATION (THE "FOUNDATION") PROVIDES ACCESS TO INFORMATION AND NONPARTISAN EDUCATIONAL PROGRAMS FOR THE BUSINESS COMMUNITY OF MICHIGAN THROUGH PROGRAMS AND EVENTS SUCH AS LEADERSHIP MICHIGAN, ECONOMIC FORECAST FORUM, AND THE YEA! PROGRAM. LEADERSHIP MICHIGAN IS A LEADERSHIP DEVELOPMENT PROGRAM FOR BUSINESS LEADERS ABOUT CRITICAL ECONOMIC AND CIVIC ISSUES FACING THE STATE.THE ECONOMIC FORECAST FORUM IS HELD TO DISCUSS MICHIGAN'S ECONOMIC COMPETITIVENESS; KEY INDUSTRY FORECASTS; INSIGHTS TO INFORM YOUR BUSINESS DECISIONS; AND VALUABLE NETWORKING WITH LEADERS AND LENDERS.THE YEA! PROGRAM (YOUNG ENTREPRENEUR'S ACADEMY) USES AREA BUSINESS LEADERS TO HELP MENTOR MIDDLE AND HIGH SCHOOL STUDENTS IN ENTREPRENEURISM.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION HAS ACCESS TO THE MICHIGAN CHAMBER OF COMMERCE'S (MCC) DETERMINATION LETTER. THE MCC ANNUALLY COMPLETES SCHEDULE A, PART III TO CONFIRM IT WOULD MEET THE SECTION 509(A)(2) PUBLIC SUPPORT TEST.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOUNDATION DOES NOT PROVIDE MONETARY SUPPORT TO THE MCC. INSTEAD IT RUNS PROGRAMS WHICH SUPPORT THE MEMBERS OF THE MCC.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 3B:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION A, LINE 3C:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: ADVERTISING AND PROMOTION. AMOUNT: 196. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 459. DESCRIPTION: TRAVEL. AMOUNT: 980. DESCRIPTION: CONFERENCES. AMOUNT: 1,831. DESCRIPTION: REIMBURSED PAYROLL EXPENSES. AMOUNT: 45,007. DESCRIPTION: OTHER PROGRAM EXPENSE. AMOUNT: 16,272. TOTAL TO FORM 990-EZ, LINE 16: 64,745.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS RECIEVABLE - ADMIN . BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 3,900.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DUE TO AFFILIATES. BEG. OF YEAR AMOUNT: 6. END OF YEAR AMOUNT: 7. DESCRIPTION: ACCOUNTS PAYABLE - TRADE. BEG. OF YEAR AMOUNT: 1,199. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02021-01-29 14:40:06Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD K STUDLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & C.E.O.
ReturnHeader/BusinessOfficerGrp/PhoneNum05173712100
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICHIGAN CHAMBER FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MICH
ReturnHeader/Filer/EIN0382647323
ReturnHeader/Filer/PhoneNum05173712100
ReturnHeader/Filer/USAddress/AddressLine1Txt0600 SOUTH WALNUT
ReturnHeader/Filer/USAddress/CityNm0LANSING
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ReturnHeader/FilingSecurityInformation/IPDt02020-06-26
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ReturnHeader/FilingSecurityInformation/IPTm015:47:04
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381357951
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PLANTE & MORAN PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01111 MICHIGAN AVENUE PO BOX 2500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EAST LANSING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0488262500
ReturnHeader/PreparerPersonGrp/PhoneNum05173326200
ReturnHeader/PreparerPersonGrp/PreparationDt02020-06-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TINA PETERS CPA
ReturnHeader/ReturnTs02020-07-06T10:38:09-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.37$0.18$0.19$1.09$1.03$0.07
2023Detailed filing. Detailed filing data is available for this year.$0.22$0.10$0.12$0.78$0.75$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.21$0.05$0.16$0.55$0.41$0.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.02$0.09$0.25$0.37$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.21$0.01$0.19$0.40$0.24$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.10$0.07$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.10$0.09$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.00$0.04$0.10$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.06$0.02$0.05$0.10$0.21$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.18$0.02$0.16$0.20$0.29$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.26$0.01$0.24$0.21$0.23$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.03$0.26$0.36$0.36$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.07$0.27$0.50
2011Summary only. Only limited summary data is available for this year.$0.47$0.08$0.39$0.46$0.45$0.01