Civic Intelligence

Michigan Future Inc.

990 • Fiscal year 2016 • EIN 38-3001180

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 04, 2017

Organization ProfileWWW.MICHIGANFUTURE.ORG
PO Box 130416Ann Arbor, MI 48113-0416

(734) 747-8120

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.02x

Higher debt load relative to assets than 32% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

31st percentile

0.04x

Higher debt load relative to revenue than 31% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

4th percentile

-91%

Higher net margin than 4% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

99th percentile

$690,116

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 91.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

3rd percentile

-38%

Faster asset growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

60th percentile

7.0%

Faster revenue growth than 60% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$1,176,978

Down $724,872 (-38%) from 2015

Net Assets

Down

$1,148,793

Down $687,866 (-37%) from 2015

Liabilities

Down

$28,185

Down $37,006 (-57%) from 2015

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin4th percentile

Revenue

Up

$758,633

Up $49,630 (+7.0%) from 2015

Expenses

Down

$1,446,499

Down $627,576 (-30%) from 2015

Net Income

Up

-$687,866

Up $677,206 (+50%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$15M$10M$5.0M$0Assets 2010: $12,035,067Liabilities 2010: $7,680Net Assets 2010: $12,027,3872010Assets 2011: $11,330,613Liabilities 2011: $31,512Net Assets 2011: $11,299,1012011Assets 2012: $8,078,672Liabilities 2012: $68,573Net Assets 2012: $8,010,0992012Assets 2013: $5,413,906Liabilities 2013: $91,613Net Assets 2013: $5,322,2932013Assets 2014: $3,284,594Liabilities 2014: $82,863Net Assets 2014: $3,201,7312014Assets 2015: $1,901,850Liabilities 2015: $65,191Net Assets 2015: $1,836,6592015Assets 2016: $1,176,978Liabilities 2016: $28,185Net Assets 2016: $1,148,7932016Assets 2017: $554,720Liabilities 2017: $71,115Net Assets 2017: $483,6052017Assets 2018: $440,149Liabilities 2018: $17,236Net Assets 2018: $422,9132018Assets 2019: $419,662Liabilities 2019: $45,042Net Assets 2019: $374,6202019Assets 2020: $547,285Liabilities 2020: $28,675Net Assets 2020: $518,6102020Assets 2021: $840,731Liabilities 2021: $17,891Net Assets 2021: $822,8402021Assets 2022: $671,908Liabilities 2022: $29,828Net Assets 2022: $642,0802022Assets 2023: $1,339,963Liabilities 2023: $24,644Net Assets 2023: $1,315,3192023Assets 2024: $1,101,763Liabilities 2024: $19,629Net Assets 2024: $1,082,1342024Assets 2025: $1,251,326Liabilities 2025: $16,872Net Assets 2025: $1,234,4542025

Highlighted filing

2016

Assets$1,176,978
Liabilities$28,185
Net Assets$1,148,793
Open 2016 Filing

Operations Trend

Revenue Growth60th percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $1,188,6692010Expenses 2011: $1,786,4592011Expenses 2012: $3,660,0712012Revenue 2013: $1,717,962Expenses 2013: $4,405,768Net Income 2013: -$2,687,8062013Revenue 2014: $535,926Expenses 2014: $2,656,488Net Income 2014: -$2,120,5622014Revenue 2015: $709,003Expenses 2015: $2,074,075Net Income 2015: -$1,365,0722015Revenue 2016: $758,633Expenses 2016: $1,446,499Net Income 2016: -$687,8662016Revenue 2017: $194,849Expenses 2017: $860,038Net Income 2017: -$665,1892017Revenue 2018: $626,521Expenses 2018: $687,213Net Income 2018: -$60,6922018Revenue 2019: $333,045Expenses 2019: $381,338Net Income 2019: -$48,2932019Revenue 2020: $519,500Expenses 2020: $375,510Net Income 2020: $143,9902020Revenue 2021: $758,000Expenses 2021: $453,770Net Income 2021: $304,2302021Revenue 2022: $341,000Expenses 2022: $521,760Net Income 2022: -$180,7602022Revenue 2023: $1,162,640Expenses 2023: $489,401Net Income 2023: $673,2392023Revenue 2024: $488,065Expenses 2024: $721,250Net Income 2024: -$233,1852024Revenue 2025: $813,412Expenses 2025: $661,092Net Income 2025: $152,3202025

Highlighted filing

2016

Revenue$758,633
Expenses$1,446,499
Net Income-$687,866
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 4, 2017
Return Version
2015v3.0
Gross Receipts
$758,633
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,184,902$711,613▼ $473,289
Pledges and Grants Receivable$650,000$460,883▼ $189,117
Prepaid Expenses and Deferred Charges$66,948$4,482▼ $62,466
Total Assets$1,901,850$1,176,978▼ $724,872
Liabilities
Accounts Payable and Accrued Expenses$65,191$28,185▼ $37,006
Total Liabilities$65,191$28,185▼ $37,006
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,798,519$1,109,850▼ $688,669
Unrestricted Net Assets$38,140$38,943▲ $803
Total Net Assets Fund Balance$1,836,659$1,148,793▼ $687,866
Total Liabilities and Net Assets / Fund Balance$1,901,850$1,176,978▼ $724,872
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Louis GlazerPresidentFT$196,829$196,829
Kimberly TrentStudent Recruitment ManagerFT$117,222$117,222

Board Members and Trustees

NameTitle
David EgnerChair
Paul HillegondsDirector
Steven WilsonDirector
Tonya AllenDirector
Vernice AnthonySecretary
Sandy K BaruahTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
New Solutions Group LLCConsulting4444 SECOND AVENUE, Detroit, MI 48201$110,196
Revenue and Support

Revenue Composition

Contributions and Grants
$600,000
Program Service Revenue
$0
Investment Income
$7,139
Other Revenue
$151,494
All Other Contributions
$600,000
Change in Net Assets
$-687,866

Audited Revenue Reconciliation

Revenue per Audited Statements
$758,633
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$758,633
Total Revenue per Form 990
$758,633
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$721,123
Other Expenses$400,376
Grants and Similar Amounts Paid$325,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$325,000--$325,000
Current Officers, Directors, Trustees, and Key Employees$310,910$3,141-$314,051
Other Salaries and Wages$283,737--$283,737
Other Employee Benefits$62,904$636-$63,540
Travel$48,593--$48,593
Fees for Services Other$47,307--$47,307
Fees for Services Accounting-$46,450-$46,450
Payroll Taxes$41,443$419-$41,862
Other Expenses$38,844--$38,844
Pension Plan Contributions$17,754$179-$17,933
Insurance$4,475$45-$4,520
All Other Expenses$4,013$40-$4,053
Office Expenses$3,360$34-$3,394
Fees for Services Legal-$1,945-$1,945
Total Functional Expenses$1,393,610$52,889$0$1,446,499

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,446,499
Total Expenses per Audited Statements$1,446,499
Total Expenses per Form 990$1,446,499
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Detroit Leadership AcademyDetroit, MIDet. Leadership Aca.Planning and Operating Grant for High School in the Detroit Area$100,000
University Yes Academy High SchoolDetroit, MI501(c)(3)Planning and Operating Grant for High School in the Detroit Area$100,000
Jalen Rose Leadership AcademyDetroit, MI-Planning and Operating Grant for High School in the Detroit Area$75,000
Detroit Delta Preparatory School AcademyDetroit, MIDetroit Delta PsaPlanning and Operating Grant for High School in the Detroit Area$50,000
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“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.”

Form 990, Part VI, Section B, Line 15A

“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.”

Form 990, Part VI, Section C, Line 19

“The governing documents and financial statements are available on request as posted on the website.”

Filing and Contact Details

Filer

Filer Name
Michigan Future Inc
EIN
38-3001180
Phone
7347478120
Address
PO BOX 130416, ANN ARBOR, MI 48113-0416

Signing Officer

Name
Louis Glazer
Title
President
Phone
7347478120
Signed
2017-04-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Louis Glazer
Formed
1991
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
6
Employees
6
Volunteers
0

Preparer

Firm
George Johnson & Company
Address
1200 BUHL BUILDING 535 GRISWOLD, DETROIT, MI 48226-3689
Preparer
Michael R Nicholas
Phone
3139652655
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Mfi's management is not aware of any unrecognized tax benefits as of june 30, 2016 or 2015.”

Raw XML AppendixShowing 400 of 569 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/PledgesAndGrantsReceivableGrp/EOYAmt0460883
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt066948
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04482
IRS990/PrincipalOfficerNm0LOUIS GLAZER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0708300
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0700000
IRS990/PYInvestmentIncomeAmt0203
IRS990/PYOtherExpensesAmt0684955
IRS990/PYOtherRevenueAmt0500
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1365072
IRS990/PYSalariesCompEmpBnftPaidAmt0689120
IRS990/PYTotalExpensesAmt02074075
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0709003
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-687866
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01184902
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0711613
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MICHIGAN FUTURE, INC. ("MFI") AND THE DETROIT REGIONAL CHAMBER (THE "CHAMBER") HAVE COMMON MANAGEMENT TEAMS. MANAGEMENT HAS A COPY OF THE INTERNAL REVENUE SERVICE DETERMINATION LETTER INDICATING THAT THE CHAMBER QUALIFIES UNDER INTERNAL REVENUE CODE SECTION 501(C)(6). MANAGEMENT ANNUALLY REVIEWS THE CHAMBER'S FINANCIAL ACTIVITY TO ASCERTAIN THAT THE CHAMBER CONTINUES TO SATISFY THE PUBLIC SUPPORT TESTS UNDER INTERNAL REVENUE CODE SECTION 509(A)(2).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1ANY FUNDS PROVIDED BY MFI TO THE CHAMBER ARE USED BY THE PROGRAMS FOR WHICH THEY ARE INTENDED. ALL PROGRAMS OF BOTH MFI AND THE CHAMBER HAVE THEIR OWN COST CENTERS TO KEEP FINANCIAL ACTIVITY SEGREGATED. THIS ACTIVITY IS MONITORED BY THE ORGANIZATIONS' COMMON MANAGEMENT TEAMS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, ITEM 3B
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION A, ITEM 3C
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0380477570
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd09
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0DETROIT REGIONAL CHAMBER
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
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/ExpensesSubtotalAmt01446499
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0758633
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MFI'S MANAGEMENT IS NOT AWARE OF ANY UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2016 OR 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01446499
IRS990ScheduleD/TotalRevenuePerForm990Amt0758633
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0758633
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01446499
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0100000
IRS990ScheduleI/RecipientTable/CashGrantAmt1100000
IRS990ScheduleI/RecipientTable/CashGrantAmt250000
IRS990ScheduleI/RecipientTable/CashGrantAmt375000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1DET. LEADERSHIP ACA.
IRS990ScheduleI/RecipientTable/IRCSectionDesc2DETROIT DELTA PSA
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc2N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc3N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PLANNING AND OPERATING GRANT FOR HIGH SCHOOL IN THE DETROIT AREA
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PLANNING AND OPERATING GRANT FOR HIGH SCHOOL IN THE DETROIT AREA
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2PLANNING AND OPERATING GRANT FOR HIGH SCHOOL IN THE DETROIT AREA
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3PLANNING AND OPERATING GRANT FOR HIGH SCHOOL IN THE DETROIT AREA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNIVERSITY YES ACADEMY HIGH SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1DETROIT LEADERSHIP ACADEMY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2DETROIT DELTA PREPARATORY SCHOOL ACADEMY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3JALEN ROSE LEADERSHIP ACADEMY
IRS990ScheduleI/RecipientTable/RecipientEIN0271837383
IRS990ScheduleI/RecipientTable/RecipientEIN1272440169
IRS990ScheduleI/RecipientTable/RecipientEIN2465605718
IRS990ScheduleI/RecipientTable/RecipientEIN3451794419
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt014669 CURTIS STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt113550 VIRGIL
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt23550 JOHN C LODGE FREEWAY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt315000 TROJAN
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DETROIT
IRS990ScheduleI/RecipientTable/USAddress/CityNm1DETROIT
IRS990ScheduleI/RecipientTable/USAddress/CityNm2DETROIT
IRS990ScheduleI/RecipientTable/USAddress/CityNm3DETROIT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0482352773
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1482233051
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd2482012960
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd3482351680
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1N/A
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc2N/A
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc3N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0MFI'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/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt03
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1196829
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0284812
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0373089
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt018551
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt03278
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt010386
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,176,978
Liabilities
$28,185
Net assets
$1,148,793
Revenue
$758,633
Expenses
$1,446,499
Net income
-$687,866
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.25$0.02$1.23$0.81$0.66$0.15
2024Detailed filing. Detailed filing data is available for this year.$1.10$0.02$1.08$0.49$0.72$0.23
2023Detailed filing. Detailed filing data is available for this year.$1.34$0.02$1.32$1.16$0.49$0.67
2022Detailed filing. Detailed filing data is available for this year.$0.67$0.03$0.64$0.34$0.52$0.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.02$0.82$0.76$0.45$0.30
2020Detailed filing. Detailed filing data is available for this year.$0.55$0.03$0.52$0.52$0.38$0.14
2019Detailed filing. Detailed filing data is available for this year.$0.42$0.05$0.37$0.33$0.38$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.44$0.02$0.42$0.63$0.69$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.55$0.07$0.48$0.19$0.86$0.67
2016Detailed filing. Detailed filing data is available for this year.$1.18$0.03$1.15$0.76$1.45$0.69
2015Detailed filing. Detailed filing data is available for this year.$1.90$0.07$1.84$0.71$2.07$1.37
2014Detailed filing. Detailed filing data is available for this year.$3.28$0.08$3.20$0.54$2.66$2.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.41$0.09$5.32$1.72$4.41$2.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.08$0.07$8.01$3.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.3$0.03$11.3$1.79
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$0.01$12.0$1.19