Civic Intelligence

Northern Michigan Foundation

990PF • Fiscal year 2015 • EIN 38-3136089

Jan 01, 2015 to Dec 31, 2015 • Filed on Jan 23, 2017

2015 Washtenaw AveAnn Arbor, MI 48104

(734) 741-5858

Siviq Scores

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

Liabilities / Assets

94th percentile

0.93x

Higher debt load relative to assets than 94% of similar nonprofits.

2015 filings • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

93rd percentile

1.55x

Higher debt load relative to revenue than 93% of similar nonprofits.

2015 filings • $500k-$1M nonprofits • Source year 2015

Net Margin

97th percentile

88%

Higher net margin than 97% of similar nonprofits.

2015 filings • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2015 filings • $500k-$1M nonprofits • Source year 2015

Asset Growth

94th percentile

71%

Faster asset growth than 94% of similar nonprofits.

2015 filings • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

99th percentile

766%

Faster revenue growth than 99% of similar nonprofits.

2015 filings • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$782,074

Up $325,412 (+71%) from 2014

Net Assets

Up

$56,611

Up $411,865 (+116%) from 2014

Liabilities

Down

$725,463

Down $86,453 (-11%) from 2014

Revenue

Up

$468,385

Up $414,310 (+766%) from 2014

Expenses

Down

$55,069

Down $1,139 (-2.0%) from 2014

Net Income

Up

$413,316

Up $415,449 (+19477%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $798,906Liabilities 2010: $1,081,995Net Assets 2010: -$283,0892010Assets 2011: $684,918Liabilities 2011: $1,010,3942011Assets 2012: $601,946Liabilities 2012: $999,507Net Assets 2012: -$397,5612012Assets 2013: $544,980Liabilities 2013: $935,182Net Assets 2013: -$390,2022013Assets 2014: $456,662Liabilities 2014: $811,916Net Assets 2014: -$355,2542014Assets 2015: $782,074Liabilities 2015: $725,463Net Assets 2015: $56,6112015Assets 2016: $723,710Liabilities 2016: $658,022Net Assets 2016: $65,6882016

Highlighted filing

2015

Assets$782,074
Liabilities$725,463
Net Assets$56,611

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $127,4012010Revenue 2011: $67,605Expenses 2011: $88,082Net Income 2011: -$20,4772011Expenses 2012: $75,7202012Revenue 2013: $102,181Expenses 2013: $85,107Net Income 2013: $17,0742013Revenue 2014: $54,075Expenses 2014: $56,208Net Income 2014: -$2,1332014Revenue 2015: $468,385Expenses 2015: $55,069Net Income 2015: $413,3162015Revenue 2016: $39,625Expenses 2016: $67,074Net Income 2016: -$27,4492016

Highlighted filing

2015

Revenue$468,385
Expenses$55,069
Net Income$413,316
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jan 23, 2017
Return Version
2015v3.0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEPHEN L RANZINIPres.-Treas.-$0--
JAMES TRUMBELLDirector-$0--
PAUL H MICHAELDirector-$0--
MARY L TRUCKSDirector-$0--
Filing and Contact Details

Filer

Filer Name
Northern Michigan Foundation
EIN
38-3136089
Phone
7347415858
Address
2015 WASHTENAW AVE, ANN ARBOR, MI 48104

Signing Officer

Name
Stephen L Ranzini
Title
Pres.-treas.
Phone
7347415858
Signed
2017-01-23
Discuss with paid preparer
Yes

Preparer

Firm
Freedman & Goldberg Cpas Pc
Address
31150 NORTHWESTERN HIGHWAY SUITE 2, FARMINGTON HILLS, MI 48334-2573
Preparer
Michael Goldberg
Phone
2486262400
Raw XML Appendix365 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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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0STEPHEN L RANZINI
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1JAMES TRUMBELL
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm2PAUL H MICHAEL
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm3MARY L TRUCKS
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt0PRES.-TREAS.
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt1DIRECTOR
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IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt0101 N MAIN STREET UNIT 1004
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0ANN ARBOR
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0MI
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd048104
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd0false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd0false
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd0false
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd0false
IRS990PF/StatementsRegardingActyGrp/PhoneNum07347611641
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd0true
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd0true
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd0false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0CHARITABLE ACTIVITY OF LOANING FUNDS TO PROVIDE ECONOMIC DEVELOPMENT TO ECONOMICALLY DEPRESSED NORTHERN MICHIGAN COMPANIES. EXPENSES REPORTED ON CASH BASIS.
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt055069
IRS990PF/SumOfProgramRelatedInvstGrp/Description1Txt0N/A
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/FormAndInfoAndMaterialsTxt0APPLICATIONS MAY BE REQUESTED BY WRITING TO THE ABOVE ADDRESS
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPersonNm0STEPHEN LANGE RANZINI
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPhoneNum07347611641
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/AddressLine1Txt0101 N MAIN STREET UNIT 1004
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/CityNm0ANN ARBOR
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/StateAbbreviationCd0MI
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/ZIPCd048104
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RestrictionsOnAwardsTxt0NORTHERN MICHIGAN FOUNDATION MAKES LOANS TO BUSINESSES IN ECONOMICALLY DEPRESSED COUNTIES IN THE EASTERN UPPER AND NORTHERN LOWER PENINSULAS OF MICHIGAN. OBLIGATION TO BE CONSIDERED FOR LOAN PURPOSES MUST BE DENIED CREDIT BY TRADITIONAL LENDING INSTITUTIONS SUCH AS COMMERCIAL BANKS AND CREDIT UNIONS.
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/SubmissionDeadlinesTxt0N/A
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt02450
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt11000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt21200
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0CHARITABLE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt1CHARITABLE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt2CHARITABLE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0LEGATUS INTERNATIONAL
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt1LIVE ACTION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt2JAFFE RAITT HEUER & WEISS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0PO BOX 511
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt12200 WILSON BLVD
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt227777 FRANKLIN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine2Txt0STW 102 PMB 111
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0ANN ARBOR
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm1ARLINGTON
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm2SOUTHFIELD
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0MI
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd1VA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd2MI
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd048106
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd122201
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd248034
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt04650
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt055069
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt055069
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt055069
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0STEPHEN RANZINI
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt0101 N MAIN ST
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2Txt0UNIT 1004
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0ANN ARBOR
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0MI
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd048104
IRS990ScheduleB/ContributorInformationGrp/NoncashContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0439412
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/NonCashPropertyContributionGrp/ContributorNum01
IRS990ScheduleB/NonCashPropertyContributionGrp/FairMarketValueAmt0405000
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc062500 SHS OF UNIV BANCORP
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt02015-12-29
IRS990ScheduleB/Organization501c3ExemptPFInd0X
LegalFeesSchedule/LegalFeesGrp/CategoryTxt0LEGAL FEES
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt076
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt076
MortgagesAndNotesPayableSch/NotePayableGrp/BalanceDueAmt0723982
MortgagesAndNotesPayableSch/NotePayableGrp/InterestRt00.0100
MortgagesAndNotesPayableSch/NotePayableGrp/LenderNameGrp/PersonNm0USDA RURAL DEVELOPMENT ADMINISTRATI
MortgagesAndNotesPayableSch/NotePayableGrp/LoanMaturityDt02026-03
MortgagesAndNotesPayableSch/NotePayableGrp/LoanOriginalAmt01944750
MortgagesAndNotesPayableSch/NotePayableGrp/RepaymentTermsTxt0ANNUAL
MortgagesAndNotesPayableSch/NotePayableGrp/SecurityProvidedBorrowerTxt0LIEN ON ASSETS OF ULTIMATE RECIPIEN
OtherAssetsSchedule/OtherAssetsScheduleGrp/BOYBookValueAmt028
OtherAssetsSchedule/OtherAssetsScheduleGrp/BOYBookValueAmt13914
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc0ACCRUED INTEREST - SECURITIES
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc1ACCRUED INTEREST INCOME-LOANS
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt023
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt17416
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt023
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt17416
OtherDecreasesSchedule/OtherDecreasesDetail/Amt072
OtherDecreasesSchedule/OtherDecreasesDetail/Amt16
OtherDecreasesSchedule/OtherDecreasesDetail/Desc0UNREALIZED GAIN OR LOSS
OtherDecreasesSchedule/OtherDecreasesDetail/Desc1FEDERAL INCOME TAX
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1MANAGEMENT FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2BANK CHARGES
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt032000
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt1130
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt032000
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt1130
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt014854
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt13576
OtherIncomeSchedule2/OtherIncomeDetail/Desc0INTEREST ON LOANS
OtherIncomeSchedule2/OtherIncomeDetail/Desc1LOAN FEES
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt014854
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt13576
OtherIncreasesSchedule/OtherIncreasesDetail/Amt0-1373
OtherIncreasesSchedule/OtherIncreasesDetail/Desc0PROVISION FOR LOAN LOSSES
OtherNotesLoansRcvblShortSch2/OtherNotesLoansRcvblShortGrp/BalanceDueAmt0314198
OtherNotesLoansRcvblShortSch2/OtherNotesLoansRcvblShortGrp/Organization501c3Name/BusinessNameLine1Txt0LOANS - RELENDING
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN L RANZINI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRES.-TREAS.
ReturnHeader/BusinessOfficerGrp/PhoneNum07347415858
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORTHERN MICHIGAN FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0383136089
ReturnHeader/Filer/PhoneNum07347415858
ReturnHeader/Filer/USAddress/AddressLine1Txt02015 WASHTENAW AVE
ReturnHeader/Filer/USAddress/CityNm0ANN ARBOR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048104
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382622626
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FREEDMAN & GOLDBERG CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt031150 NORTHWESTERN HIGHWAY SUITE 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FARMINGTON HILLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0483342573
ReturnHeader/PreparerPersonGrp/PhoneNum02486262400
ReturnHeader/PreparerPersonGrp/PreparationDt02017-01-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL GOLDBERG
ReturnHeader/ReturnTs02017-01-24T09:50:36-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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