Civic Intelligence

Michigan Biosciences Industry Assoc

990 • Fiscal year 2020 • EIN 38-3142021

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

Organization ProfileWWW.MICHBIO.ORG
3520 Green Court Suite 175Ann Arbor, MI 48105-1579

(734) 527-9145

Siviq Scores

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

Liabilities / Assets

35th percentile

0.02x

Higher debt load relative to assets than 35% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

30th percentile

0.01x

Higher debt load relative to revenue than 30% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

81st percentile

21%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

88th percentile

$158,600

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 25.6% of source-year revenue.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

86th percentile

35%

Faster asset growth than 86% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

76th percentile

3.5%

Faster revenue growth than 76% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$391,819

Up $101,252 (+35%) from 2019

Net Assets

Up

$385,902

Up $131,541 (+52%) from 2019

Liabilities

Down

$5,917

Down $30,289 (-84%) from 2019

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin81st percentile

Revenue

Up

$618,460

Up $20,809 (+3.5%) from 2019

Expenses

Down

$486,919

Down $119,565 (-20%) from 2019

Net Income

Up

$131,541

Up $140,374 (+1589%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$600K$400K$200K$0-$200KAssets 2010: $84,855Liabilities 2010: $87,584Net Assets 2010: -$2,7292010Assets 2011: $75,238Liabilities 2011: $100,934Net Assets 2011: -$25,6962011Assets 2012: $121,465Liabilities 2012: $90,221Net Assets 2012: $31,2442012Assets 2013: $121,599Liabilities 2013: $102,801Net Assets 2013: $18,7982013Assets 2014: $152,690Liabilities 2014: $152,715Net Assets 2014: -$252014Assets 2015: $120,219Liabilities 2015: $94,922Net Assets 2015: $25,2972015Assets 2016: $201,620Liabilities 2016: $84,471Net Assets 2016: $117,1492016Assets 2017: $260,121Liabilities 2017: $63,278Net Assets 2017: $196,8432017Assets 2018: $306,232Liabilities 2018: $93,038Net Assets 2018: $213,1942018Assets 2019: $290,567Liabilities 2019: $36,206Net Assets 2019: $254,3612019Assets 2020: $391,819Liabilities 2020: $5,917Net Assets 2020: $385,9022020Assets 2021: $489,894Liabilities 2021: $33,120Net Assets 2021: $456,7742021Assets 2022: $519,497Liabilities 2022: $37,768Net Assets 2022: $481,7292022Assets 2023: $445,723Liabilities 2023: $14,376Net Assets 2023: $431,3472023Assets 2024: $403,951Liabilities 2024: $26,882Net Assets 2024: $377,0692024

Highlighted filing

2020

Assets$391,819
Liabilities$5,917
Net Assets$385,902
Open 2020 Filing

Operations Trend

Revenue Growth76th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $565,4692010Expenses 2011: $519,0302011Expenses 2012: $546,2462012Revenue 2013: $603,761Expenses 2013: $616,207Net Income 2013: -$12,4462013Revenue 2014: $471,363Expenses 2014: $500,655Net Income 2014: -$29,2922014Revenue 2015: $465,582Expenses 2015: $403,921Net Income 2015: $61,6612015Revenue 2016: $475,637Expenses 2016: $414,789Net Income 2016: $60,8482016Revenue 2017: $589,117Expenses 2017: $509,648Net Income 2017: $79,4692017Revenue 2018: $576,280Expenses 2018: $559,929Net Income 2018: $16,3512018Revenue 2019: $597,651Expenses 2019: $606,484Net Income 2019: -$8,8332019Revenue 2020: $618,460Expenses 2020: $486,919Net Income 2020: $131,5412020Revenue 2021: $631,783Expenses 2021: $560,915Net Income 2021: $70,8682021Revenue 2022: $710,410Expenses 2022: $685,457Net Income 2022: $24,9532022Revenue 2023: $770,986Expenses 2023: $821,369Net Income 2023: -$50,3832023Revenue 2024: $703,979Expenses 2024: $798,858Net Income 2024: -$94,8792024

Highlighted filing

2020

Revenue$618,460
Expenses$486,919
Net Income$131,541
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$618,460
Mission and Program Overview

Mission

To drive life sciences industry growth in michigan by providing its members with networking & educational opportunities, recruitement, and information services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$180,454$218,331▲ $37,877
Accounts Receivable$84,461$153,699▲ $69,238
Land, Buildings, and Equipment, Net$25,652$19,789▼ $5,863
Total Assets$290,567$391,819▲ $101,252
Liabilities
Deferred Revenue$500$2,978▲ $2,478
Other Liabilities$30,352$2,333▼ $28,019
Accounts Payable and Accrued Expenses$5,354$606▼ $4,748
Total Liabilities$36,206$5,917▼ $30,289
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$254,361$385,902▲ $131,541
Total Net Assets Fund Balance$254,361$385,902▲ $131,541
Total Liabilities and Net Assets / Fund Balance$290,567$391,819▲ $101,252

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,789$15,334$35,123
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen Rapundalo PhdPresidentFT$148,600$10,000$158,600

Board Members and Trustees

NameTitle
Kevin McleodVice Chairman
Anna Langerveld PhdDirector
Charles Hasemann PhdDirector
Dave MorinDirector
Fredrik MolnarDirector
Jamie KemlerDirector
John Jh Schwarz MdDirector
Lola Eniola-adefeso PhdDirector
Randel RichnerDirector
Robert DerykeDirector
Ron Perry MbaDirector
Sean CallaganDirector
Tom RossDirector
Uma Sharma PhdDirector
Ken Massey PhdChariman
Robert Donofrio PhdSecretary
Sandra PennellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$340,357
Investment Income
$93
Other Revenue
$278,010
Change in Net Assets
$131,541
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$360,206
Other Expenses$126,713
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$87,655$87,655-$175,310
Current Officers, Directors, Trustees, and Key Employees$79,300$79,300-$158,600
Occupancy-$36,207-$36,207
Office Expenses-$27,748-$27,748
Payroll Taxes$12,560$12,559-$25,119
Information Technology-$13,305-$13,305
Conferences and Meetings$6,338--$6,338
Fees for Services Lobbying$6,150--$6,150
Depreciation Depletion$5,863--$5,863
Advertising$964$4,290-$5,254
Fees for Services Accounting-$3,492-$3,492
Travel-$3,056-$3,056
Insurance-$2,957-$2,957
Other Expenses$1,373$9,015-$1,373
Other Employee Benefits$588$589-$1,177
All Other Expenses-$384-$384
Total Functional Expenses$206,362$280,557$0$486,919
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$47,924
Current Year Nondeductible Lobbying and Political Cost$6,150
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$1,271
Mastercard Comerica Michbio$1,062
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“There is only one class of membership but the membership dues aredetermined by the type of business category.”

Form 990, Part VI, Section A, Line 7A

“All members in good standing are eligible to vote for the board ofdirectors.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed first by the finance committee. Once the finance committee has approved the return, it is then forwarded to the board of directors for approval and signature.”

Form 990, Part VI, Section B, Line 12C

“For each interest disclosed to the chairman of the board of directors, thechairman will determine whether to (a) take no action; (b) assure fulldisclosure to the board of directors and other individuals covered by thepolicy; (c) ask the person to recuse from participation in relateddiscussions or decisions within the organization; or (d) ask the person toresign from his or her position in the organization or, if the personrefuses to resign, become subject to possible removal in accordance withthe organization's removal procedures.”

Form 990, Part VI, Section B, Line 15

“First a market research is conducted for comparable salaries. The resultsof the market research are reviewed by the compensation committee whichthen makes a recommendation for compensation to the board for approval.first a market research is conducted for comparable salaries. The resultsof the market research are reviewed by the compensation committee whichthen makes a recommendation for compensation to the board for approval.”

Form 990, Part VI, Section C, Line 19

“The governing documents are made available to the public through the organization's website.”

Filing and Contact Details

Filer

Filer Name
Michigan Biosciences Industry
EIN
38-3142021
Phone
7345279145
Address
3520 GREEN COURT SUITE 175, ANN ARBOR, MI 48105-1579
Doing Business As
Michbio

Signing Officer

Name
Stephen Rapundalo
Title
President
Phone
7345279145
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Rapundalo
Formed
1993
Legal Domicile
Mi
Voting Board Members
18
Independent Board Members
18
Employees
4
Volunteers
0

Preparer

Firm
Uhy Advisors Mi Inc
Address
455 E EISENHOWER SUITE 102, ANN ARBOR, MI 48108
Preparer
Todd Kelley
Phone
7342131040
Raw XML AppendixShowing 400 of 477 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/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
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IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt013305
IRS990/InformationTechnologyGrp/TotalAmt013305
IRS990/InsuranceGrp/ManagementAndGeneralAmt02957
IRS990/InsuranceGrp/TotalAmt02957
IRS990/InvestmentIncomeGrp/ExclusionAmt093
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt093
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt015334
IRS990/LandBldgEquipBasisNetGrp/BOYAmt025652
IRS990/LandBldgEquipBasisNetGrp/EOYAmt019789
IRS990/LandBldgEquipCostOrOtherBssAmt035123
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO DRIVE LIFE SCIENCES INDUSTRY GROWTH IN MICHIGAN BY PROVIDING ITS MEMBERS WITH NETWORKING & EDUCATIONAL OPPORTUNITIES, RECRUITEMENT, AND INFORMATION SERVICES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0254361
IRS990/NetAssetsOrFundBalancesEOYAmt0385902
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0254361
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0385902
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt036207
IRS990/OccupancyGrp/TotalAmt036207
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt027748
IRS990/OfficeExpensesGrp/TotalAmt027748
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0589
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0588
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01177
IRS990/OtherExpensesGrp/Desc0BOOKS, SUBSCRIPTIONS, D
IRS990/OtherExpensesGrp/Desc1GRAPHIC DESIGN/PRINTING
IRS990/OtherExpensesGrp/Desc2POSTAGE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09015
IRS990/OtherExpensesGrp/ProgramServicesAmt05571
IRS990/OtherExpensesGrp/ProgramServicesAmt11373
IRS990/OtherExpensesGrp/TotalAmt09015
IRS990/OtherExpensesGrp/TotalAmt15571
IRS990/OtherExpensesGrp/TotalAmt21373
IRS990/OtherLiabilitiesGrp/BOYAmt030352
IRS990/OtherLiabilitiesGrp/EOYAmt02333
IRS990/OtherRevenueMiscGrp/BusinessCd0813910
IRS990/OtherRevenueMiscGrp/Desc0REIMBURSED EXPENSES
IRS990/OtherRevenueMiscGrp/ExclusionAmt05525
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05525
IRS990/OtherRevenueTotalAmt05525
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt087655
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt087655
IRS990/OtherSalariesAndWagesGrp/TotalAmt0175310
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012559
IRS990/PayrollTaxesGrp/ProgramServicesAmt012560
IRS990/PayrollTaxesGrp/TotalAmt025119
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0STEPHEN RAPUNDALO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0813910
IRS990/ProgramServiceRevenueGrp/BusinessCd1813910
IRS990/ProgramServiceRevenueGrp/BusinessCd2813910
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1CONFERENCE/MEETING REV
IRS990/ProgramServiceRevenueGrp/Desc2CAREER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0294251
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt145518
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2588
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0294251
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt145518
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2588
IRS990/ProgSrvcAccomActy2Grp/Desc0MEMBERSHIP SUPPORT AND RECOGNITION FOR THE APPROXIMATELY 180 MEMBERS OF THE ORGANIZATION.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0303
IRS990/PYOtherExpensesAmt0256814
IRS990/PYOtherRevenueAmt0234775
IRS990/PYProgramServiceRevenueAmt0362573
IRS990/PYRevenuesLessExpensesAmt0-8833
IRS990/PYSalariesCompEmpBnftPaidAmt0349670
IRS990/PYTotalExpensesAmt0606484
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0597651
IRS990/ReconcilationRevenueExpnssAmt0131541
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0272485
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0272485
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AggregateReportedDuesNtcAmt012035
IRS990ScheduleC/AgreeCarryoverPriorYearInd01
IRS990ScheduleC/CarriedOverAmt035889
IRS990ScheduleC/DuesAssessmentsAmt0294251
IRS990ScheduleC/NonDedLbbyngPltclCyovAmt041774
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt06150
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt047924
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt019789
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015334
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035123
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01062
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11271
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MASTERCARD COMERICA MICHBIO
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019789
IRS990ScheduleD/TotalLiabilityAmt02333
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0148600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount010000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEPHEN RAPUNDALO PHD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0158600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE IS ONLY ONE CLASS OF MEMBERSHIP BUT THE MEMBERSHIP DUES AREDETERMINED BY THE TYPE OF BUSINESS CATEGORY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS IN GOOD STANDING ARE ELIGIBLE TO VOTE FOR THE BOARD OFDIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED FIRST BY THE FINANCE COMMITTEE. ONCE THE FINANCE COMMITTEE HAS APPROVED THE RETURN, IT IS THEN FORWARDED TO THE BOARD OF DIRECTORS FOR APPROVAL AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FOR EACH INTEREST DISCLOSED TO THE CHAIRMAN OF THE BOARD OF DIRECTORS, THECHAIRMAN WILL DETERMINE WHETHER TO (A) TAKE NO ACTION; (B) ASSURE FULLDISCLOSURE TO THE BOARD OF DIRECTORS AND OTHER INDIVIDUALS COVERED BY THEPOLICY; (C) ASK THE PERSON TO RECUSE FROM PARTICIPATION IN RELATEDDISCUSSIONS OR DECISIONS WITHIN THE ORGANIZATION; OR (D) ASK THE PERSON TORESIGN FROM HIS OR HER POSITION IN THE ORGANIZATION OR, IF THE PERSONREFUSES TO RESIGN, BECOME SUBJECT TO POSSIBLE REMOVAL IN ACCORDANCE WITHTHE ORGANIZATION'S REMOVAL PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FIRST A MARKET RESEARCH IS CONDUCTED FOR COMPARABLE SALARIES. THE RESULTSOF THE MARKET RESEARCH ARE REVIEWED BY THE COMPENSATION COMMITTEE WHICHTHEN MAKES A RECOMMENDATION FOR COMPENSATION TO THE BOARD FOR APPROVAL.FIRST A MARKET RESEARCH IS CONDUCTED FOR COMPARABLE SALARIES. THE RESULTSOF THE MARKET RESEARCH ARE REVIEWED BY THE COMPENSATION COMMITTEE WHICHTHEN MAKES A RECOMMENDATION FOR COMPENSATION TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$391,819
Liabilities
$5,917
Net assets
$385,902
Revenue
$618,460
Expenses
$486,919
Net income
$131,541
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.04$0.27$3.77$7.04$7.99$0.95
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.46$0.14$4.31$7.71$8.21$0.50
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.19$0.38$4.82$7.10$6.85$0.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.90$0.33$4.57$6.32$5.61$0.71
2020Detailed filing. Detailed filing data is available for this year.$3.92$0.06$3.86$6.18$4.87$1.32
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.91$0.36$2.54$5.98$6.06$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.06$0.93$2.13$5.76$5.60$0.16
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.60$0.63$1.97$5.89$5.10$0.79
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$0.84$1.17$4.76$4.15$0.61
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.95$0.25$4.66$4.04$0.62
2014Detailed filing. Detailed filing data is available for this year.$1.53$1.53$0.00$4.71$5.01$0.29
2013Detailed filing. Detailed filing data is available for this year.$1.22$1.03$0.19$6.04$6.16$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.90$0.31$5.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$1.01$0.26$5.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.88$0.03$5.65