Liabilities / Assets
32nd percentile
Higher debt load relative to assets than 32% of similar nonprofits.
990 • Fiscal year 2014 • EIN 38-3001180
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
32nd percentile
Higher debt load relative to assets than 32% of similar nonprofits.
Liabilities / Revenue
57th percentile
Higher debt load relative to revenue than 57% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
98th percentile
Higher top officer pay than 98% of similar nonprofits.
Top officer pay equals 93.4% of source-year revenue.
Asset Growth
2nd percentile
Faster asset growth than 2% of similar nonprofits.
Revenue Growth
2nd percentile
Faster revenue growth than 2% of similar nonprofits.
Assets
Down$3,284,594
Down $2,129,312 (-39%) from 2013
Net Assets
Down$3,201,731
Down $2,120,562 (-40%) from 2013
Liabilities
Down$82,863
Down $8,750 (-9.6%) from 2013
Revenue
Down$535,926
Down $1,182,036 (-69%) from 2013
Expenses
Down$2,656,488
Down $1,749,280 (-40%) from 2013
Net Income
Up-$2,120,562
Up $567,244 (+21%) from 2013
To be a source of new ideas on how michigan's people, enterprises, and communities can succeed in the information age.
Develop and advance a practical vision of michigan's social, educational, and economic future
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $1,717,114 | $2,311,945 | ▲ $594,831 |
| Pledges and Grants Receivable | $3,692,300 | $891,700 | ▼ $2,800,600 |
| Prepaid Expenses and Deferred Charges | $4,492 | $80,949 | ▲ $76,457 |
| Total Assets | $5,413,906 | $3,284,594 | ▼ $2,129,312 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $91,613 | $82,863 | ▼ $8,750 |
| Total Liabilities | $91,613 | $82,863 | ▼ $8,750 |
| Net Assets / Fund Balance | |||
| Temporarily Rstr Net Assets | $5,374,899 | $3,161,930 | ▼ $2,212,969 |
| Unrestricted Net Assets | $-52,606 | $39,801 | ▲ $92,407 |
| Total Net Assets Fund Balance | $5,322,293 | $3,201,731 | ▼ $2,120,562 |
| Total Liabilities and Net Assets / Fund Balance | $5,413,906 | $3,284,594 | ▼ $2,129,312 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Louis Glazer | President | FT | $171,288 | $171,288 |
| Kimberly Trent | Student Recruitment Manager | FT | $105,981 | $105,981 |
| Name | Title |
|---|---|
| David Egner | Chair |
| Paul Hillegonds | Director |
| Tonya Allen | Director |
| Vernice Anthony | Secretary |
| Sandy K Baruah | Treasurer |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Equity Education Management Solutions L | Consulting | - | $564,666 |
| Redesign | Consulting | - | $450,435 |
| Ray's Consultant Group | Consulting | - | $195,000 |
| Innovative Consulting In Education | Consulting | - | $171,831 |
| New Solutions Group LLC | Consulting | - | $106,527 |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,821,463 |
| Salaries, Compensation, and Employee Benefits | $435,025 |
| Grants and Similar Amounts Paid | $400,000 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | $593,172 | - | - | $593,172 |
| Grants to Domestic Orgs | $400,000 | - | - | $400,000 |
| Current Officers, Directors, Trustees, and Key Employees | $163,841 | $18,205 | - | $182,046 |
| Other Salaries and Wages | $181,990 | - | - | $181,990 |
| Fees for Services Accounting | - | $40,450 | - | $40,450 |
| Other Employee Benefits | $32,588 | $3,621 | - | $36,209 |
| Travel | $24,787 | - | - | $24,787 |
| Payroll Taxes | $21,720 | $2,413 | - | $24,133 |
| Fees for Services Legal | - | $11,646 | - | $11,646 |
| Pension Plan Contributions | $9,582 | $1,065 | - | $10,647 |
| Insurance | $2,443 | $272 | - | $2,715 |
| Office Expenses | $2,191 | $243 | - | $2,434 |
| Other Expenses | $1,637 | $182 | - | $1,819 |
| Interest | $980 | - | - | $980 |
| Total Functional Expenses | $2,578,391 | $78,097 | $0 | $2,656,488 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $2,656,488 |
| Total Expenses per Audited Statements | $2,656,488 |
| Total Expenses per Form 990 | $2,656,488 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| 27-1837383 | - | 501(c)(3) | Planning and Operating Grant for New High School in the Detroit Area | $300,000 |
| 38-3417883 | - | Detroit Edison Psa | Grant to Provide Assistance to Students Dual-enrolled in High School and College | $100,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Form 990 is prepared by an independent c.p.a. Firm and is reviewed by the president of michigan future, inc. ("mfi"), as well as the chief financial officer and the director of accounting of the detroit regional chamber (the "chamber"). Prior to submission of form 990, the return is reviewed with the chair of the chamber's audit committee and is provided to mfi's board of directors.”
“The salary of mfi's president is set each year by mfi's board of directors during its annual board meeting as part of his performance review; increases are determined and approved by mfi's board of directors, with verification that the salary does not exceed salary amounts allowed under existing grant agreements.”
“The governing documents and financial statements are available on request as posted on the website.”
“Consulting fees: program service expenses 593,172. Management and general expenses 0. Fundraising expenses 0. Total expenses 593,172.”
“Mfi's management is not aware of any unrecognized tax benefits as of june 30, 2014. Mfi is no longer subject to federal income tax examinations by the irs for years prior to the year ended june 30, 2008.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 91613 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 82863 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | DEVELOP AND ADVANCE A PRACTICAL VISION OF MICHIGAN'S SOCIAL, EDUCATIONAL, AND ECONOMIC FUTURE |
| IRS990/AllOtherContributionsAmt | 0 | 534400 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1 | 0 | DETROIT REGIONAL CHAMBER |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3139644000 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | ONE WOODWARD AVENUE SUITE 1900 |
| IRS990/BooksInCareOfDetail/USAddress/City | 0 | DETROIT |
| IRS990/BooksInCareOfDetail/USAddress/State | 0 | MI |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 482263430 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 5 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 18205 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 163841 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 182046 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 0 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 564666 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 1 | 450435 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 2 | 195000 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 3 | 171831 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 4 | 106527 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1 | 0 | 1 CAMBRIDGE BLVD |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1 | 1 | 3 MULFORD STREET 3RD FLOOR |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1 | 2 | 2650 LAKEWOOD COURT |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1 | 3 | 1 CAMBRIDGE BLVD |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1 | 4 | 4444 SECOND AVENUE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City | 0 | PLEASANT RIDGE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City | 1 | BROOKLINE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City | 2 | FLINT |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City | 3 | PLEASANT RIDGE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City | 4 | DETROIT |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State | 0 | MI |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State | 1 | MA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State | 2 | MI |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State | 3 | MI |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State | 4 | MI |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode | 0 | 48069 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode | 1 | 02445 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode | 2 | 485071885 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode | 3 | 48069 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode | 4 | 48201 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1 | 0 | EQUITY EDUCATION MANAGEMENT SOLUTIONS L |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1 | 1 | REDESIGN |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1 | 2 | RAY'S CONSULTANT GROUP |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1 | 3 | INNOVATIVE CONSULTING IN EDUCATION |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1 | 4 | NEW SOLUTIONS GROUP LLC |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | CONSULTING |
| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | CONSULTING |
| IRS990/ContractorCompensationGrp/ServicesDesc | 2 | CONSULTING |
| IRS990/ContractorCompensationGrp/ServicesDesc | 3 | CONSULTING |
| IRS990/ContractorCompensationGrp/ServicesDesc | 4 | CONSULTING |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 534400 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 400000 |
| IRS990/CYInvestmentIncomeAmt | 0 | 1526 |
| IRS990/CYOtherExpensesAmt | 0 | 1821463 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -2120562 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 435025 |
| IRS990/CYTotalExpensesAmt | 0 | 2656488 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 535926 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | THE HIGH SCHOOL ACCELERATOR PROGRAM IS DESIGNED TO SUPPORT, TRAIN, AND MANAGE THE OPENING OF NEW HIGH PERFORMING HIGH SCHOOLS IN THE DETROIT, MICHIGAN AREA. THE PROGRAM SEEKS TO UTILIZE HIGHLY TALENTED TEACHERS AND PRINCIPALS TO BUILD AN ALTERNATIVE EDUCATIONAL SYSTEM BUILT AROUND QUALITY AND WHICH WILL ACTIVELY ADDRESS LOCAL EDUCATION DEFICITS. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 3 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 2578391 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 40450 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 40450 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 11646 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 11646 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 593172 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 593172 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 44103 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | LOUIS GLAZER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | VERNICE ANTHONY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | SANDY K BARUAH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | DAVID EGNER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | PAUL HILLEGONDS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | TONYA ALLEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | KIMBERLY TRENT |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 171288 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 105981 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 456407 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | STUDENT RECRUITMENT MANAGER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1991 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GrantAmt | 0 | 400000 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 400000 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 400000 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 535926 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 2 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 272 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 2443 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 2715 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 980 |
| IRS990/InterestGrp/TotalAmt | 0 | 980 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 1526 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 1526 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 15 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | MI |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO DEVELOP AND ADVANCE A PRACTICAL VISION OF MICHIGAN'S SOCIAL, EDUCATIONAL, AND ECONOMIC FUTURE |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 5322293 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 3201731 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 243 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 2191 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 2434 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 3621 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 32588 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 36209 |
| IRS990/OtherExpensesGrp/Desc | 0 | STUDENT ACHIEVEMENT |
| IRS990/OtherExpensesGrp/Desc | 1 | SCHOOL OPERATIONS |
| IRS990/OtherExpensesGrp/Desc | 2 | MARKETING/ENROLLMENT |
| IRS990/OtherExpensesGrp/Desc | 3 | TELEPHONE |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 182 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 660935 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 302358 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 180167 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 1637 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 660935 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 302358 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 180167 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 1819 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 181990 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 181990 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 2413 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 21720 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 24133 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 1065 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 9582 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 10647 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 3692300 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 891700 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 4492 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 80949 |
| IRS990/PrincipalOfficerNm | 0 | LOUIS GLAZER |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 1710000 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 2513594 |
| IRS990/PYInvestmentIncomeAmt | 0 | 1912 |
| IRS990/PYOtherExpensesAmt | 0 | 1477195 |
| IRS990/PYOtherRevenueAmt | 0 | 6050 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -2687806 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 414979 |
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| IRS990/PYTotalRevenueAmt | 0 | 1717962 |
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| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -2120562 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 1 |
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| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
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| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 2311945 |
| IRS990ScheduleA/CertificationInd | 0 | X |
| IRS990ScheduleA/Contribution35ControlledInd | 0 | 0 |
| IRS990ScheduleA/ContributionControllerInd | 0 | 0 |
| IRS990ScheduleA/ContributionFamilyInd | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 380477570 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc | 0 | 501(C)(6) |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1 | 0 | DETROIT REGIONAL CHAMBER |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd | 0 | 1 |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType1Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 0 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 2656488 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
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| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 535926 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | MFI'S MANAGEMENT IS NOT AWARE OF ANY UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2014. MFI IS NO LONGER SUBJECT TO FEDERAL INCOME TAX EXAMINATIONS BY THE IRS FOR YEARS PRIOR TO THE YEAR ENDED JUNE 30, 2008. |
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| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 535926 |
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| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 2656488 |
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| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 100000 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 1 | DETROIT EDISON PSA |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc | 0 | N/A |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc | 1 | N/A |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | PLANNING AND OPERATING GRANT FOR NEW HIGH SCHOOL IN THE DETROIT AREA |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | GRANT TO PROVIDE ASSISTANCE TO STUDENTS DUAL-ENROLLED IN HIGH SCHOOL AND COLLEGE |
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| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1 | 1 | DETROIT EDISON PUBLIC SCHOOL ACADEMY |
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| IRS990ScheduleI/RecipientTable/RecipientEIN | 1 | 383417883 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1 | 0 | 600 ANTOINETTE |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1 | 1 | 1903 WILKINS |
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| IRS990ScheduleI/RecipientTable/USAddress/City | 1 | DETROIT |
| IRS990ScheduleI/RecipientTable/USAddress/State | 0 | MI |
| IRS990ScheduleI/RecipientTable/USAddress/State | 1 | MI |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCode | 0 | 482023416 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCode | 1 | 482072112 |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 0 | N/A |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 1 | N/A |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | MFI'S PRESIDENT AND STAFF, AS WELL AS THE MICHIGAN FUTURE SCHOOLS' GOVERNING COUNCIL, REVIEW, APPROVE, AND DOCUMENT ALL GRANTS GIVEN BY THE ORGANIZATION TO ENSURE THEY ARE USED FOR THEIR INTENDED PURPOSES. THESE RECORDS ARE MAINTAINED AT THE ORGANIZATION. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 2: |
| IRS990ScheduleI/Total501c3OrgCnt | 0 | 2 |
| IRS990ScheduleI/TotalOtherOrgCnt | 0 | 0 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | 0 |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 171288 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 1 | 113558 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 1 | 329854 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 1 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 1 | 18418 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 1 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 1 | 25685 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 1 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | SANDY K BARUAH |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 171288 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 1 | 500510 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FORM 990 IS PREPARED BY AN INDEPENDENT C.P.A. FIRM AND IS REVIEWED BY THE PRESIDENT OF MICHIGAN FUTURE, INC. ("MFI"), AS WELL AS THE CHIEF FINANCIAL OFFICER AND THE DIRECTOR OF ACCOUNTING OF THE DETROIT REGIONAL CHAMBER (THE "CHAMBER"). PRIOR TO SUBMISSION OF FORM 990, THE RETURN IS REVIEWED WITH THE CHAIR OF THE CHAMBER'S AUDIT COMMITTEE AND IS PROVIDED TO MFI'S BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE SALARY OF MFI'S PRESIDENT IS SET EACH YEAR BY MFI'S BOARD OF DIRECTORS DURING ITS ANNUAL BOARD MEETING AS PART OF HIS PERFORMANCE REVIEW; INCREASES ARE DETERMINED AND APPROVED BY MFI'S BOARD OF DIRECTORS, WITH VERIFICATION THAT THE SALARY DOES NOT EXCEED SALARY AMOUNTS ALLOWED UNDER EXISTING GRANT AGREEMENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE ON REQUEST AS POSTED ON THE WEBSITE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | CONSULTING FEES: PROGRAM SERVICE EXPENSES 593,172. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 593,172. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART IX, LINE 11G |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 1 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd | 0 | N/A |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd | 1 | N/A |
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Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.