Civic Intelligence

Mackinac Island Community Foundation

990 • Fiscal year 2014 • EIN 38-3179612

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 29, 2015

Organization ProfileMICF.ORG
PO Box 1933Mackinac Island, MI 49757

(906) 847-3701

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

96th percentile

74%

Higher net margin than 96% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

83rd percentile

19%

Faster asset growth than 83% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

71st percentile

14%

Faster revenue growth than 71% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$9,944,621

Up $1,591,081 (+19%) from 2013

Net Assets

Up

$9,944,621

Up $1,591,081 (+19%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin96th percentile

Revenue

Up

$2,135,805

Up $264,575 (+14%) from 2013

Expenses

Up

$544,724

Up $205,102 (+60%) from 2013

Net Income

Up

$1,591,081

Up $59,473 (+3.9%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$30M$20M$10M$0Assets 2010: $5,657,564Liabilities 2010: $0Net Assets 2010: $5,657,5642010Assets 2011: $6,100,832Liabilities 2011: $0Net Assets 2011: $6,100,8322011Assets 2012: $6,938,500Liabilities 2012: $0Net Assets 2012: $6,938,5002012Assets 2013: $8,353,540Liabilities 2013: $0Net Assets 2013: $8,353,5402013Assets 2014: $9,944,621Liabilities 2014: $0Net Assets 2014: $9,944,6212014Assets 2015: $9,885,229Liabilities 2015: $0Net Assets 2015: $9,885,2292015Assets 2016: $10,031,915Liabilities 2016: $0Net Assets 2016: $10,031,9152016Assets 2017: $11,851,840Liabilities 2017: $29,022Net Assets 2017: $11,822,8182017Assets 2018: $12,014,290Liabilities 2018: $396,969Net Assets 2018: $11,617,3212018Assets 2019: $14,775,235Liabilities 2019: $466,994Net Assets 2019: $14,308,2412019Assets 2020: $17,333,208Liabilities 2020: $493,366Net Assets 2020: $16,839,8422020Assets 2021: $19,885,953Liabilities 2021: $677,660Net Assets 2021: $19,208,2932021Assets 2022: $15,366,797Liabilities 2022: $496,418Net Assets 2022: $14,870,3792022Assets 2023: $18,642,658Liabilities 2023: $588,545Net Assets 2023: $18,054,1132023Assets 2024: $21,885,225Liabilities 2024: $676,674Net Assets 2024: $21,208,5512024

Highlighted filing

2014

Assets$9,944,621
Liabilities$0
Net Assets$9,944,621
Open 2014 Filing

Operations Trend

Revenue Growth71st percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $300,3662010Expenses 2011: $314,4932011Expenses 2012: $312,7242012Revenue 2013: $1,871,230Expenses 2013: $339,622Net Income 2013: $1,531,6082013Revenue 2014: $2,135,805Expenses 2014: $544,724Net Income 2014: $1,591,0812014Revenue 2015: $398,177Expenses 2015: $457,569Net Income 2015: -$59,3922015Revenue 2016: $557,229Expenses 2016: $410,543Net Income 2016: $146,6862016Revenue 2017: $2,344,011Expenses 2017: $553,044Net Income 2017: $1,790,9672017Revenue 2018: $665,350Expenses 2018: $870,847Net Income 2018: -$205,4972018Revenue 2019: $1,142,510Expenses 2019: $528,906Net Income 2019: $613,6042019Revenue 2020: $459,795Expenses 2020: $738,464Net Income 2020: -$278,6692020Revenue 2021: $1,750,042Expenses 2021: $1,231,406Net Income 2021: $518,6362021Revenue 2022: $447,282Expenses 2022: $898,393Net Income 2022: -$451,1112022Revenue 2023: $1,966,056Expenses 2023: $1,029,408Net Income 2023: $936,6482023Revenue 2024: $3,853,715Expenses 2024: $1,404,260Net Income 2024: $2,449,4552024

Highlighted filing

2014

Revenue$2,135,805
Expenses$544,724
Net Income$1,591,081
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 29, 2015
Return Version
2014v5.0
Gross Receipts
$2,135,805
Mission and Program Overview

Mission

Meets the charitable, scientific, literary and educational needs of mackinac island, michigan. Also receives and administers donations and bequests which are used to meet various needs of mackinac island.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,692,039$9,437,827▲ $1,745,788
Cash and Non-Interest-Bearing Accounts$64,340$108,616▲ $44,276
Pledges and Grants Receivable$219,382$20,400▼ $198,982
Total Assets$8,353,540$9,944,621▲ $1,591,081
Other Assets Total$377,779$377,778▼ $1
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$8,129,247$9,922,311▲ $1,793,064
Temporarily Rstr Net Assets$224,293$22,310▼ $201,983
Total Net Assets Fund Balance$8,353,540$9,944,621▲ $1,591,081
Total Liabilities and Net Assets / Fund Balance$8,353,540$9,944,621▲ $1,591,081

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$7,710,216$1,495,175▲ $686,582$103,431$9,498,370
2013$6,231,497$364,730▲ $1,451,261$80,337$7,710,216
2012$5,450,733$321,795▲ $731,693$76,357$6,231,497
2011$5,293,993$200,357▲ $242,769$79,153$5,450,733
2010$4,625,591$331,011▲ $523,534$190,130$5,293,993
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Carol RearickChairman
George GoodmanVice Chair
Jennifer KingVice Chair
Bob BenserTrustee
Bradley T ChambersTrustee
Brenda BunkerTrustee
Jack E DehringTrustee
Kristi GrahamTrustee
Lorna Puttkammer StrausTrustee
Rd Musser IiiTrustee
Margaret M DoudSecretary
Randy StuckTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,348,285
Program Service Revenue
$71,654
Investment Income
$715,866
Other Revenue
$0
All Other Contributions
$1,348,285
Change in Net Assets
$1,591,081

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,135,805
Total Revenue per Audited Statements
$2,135,805
Total Revenue per Form 990
$2,135,805
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$268,861
Grants and Similar Amounts Paid$228,518
Salaries, Compensation, and Employee Benefits$47,345
Total Fundraising Expense$6,302
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$139,819--$139,819
Grants to Domestic Individuals$88,699--$88,699
Other Salaries and Wages$47,345--$47,345
All Other Expenses$18,100-$6,302$24,402
Other Expenses$7,646$71,654-$7,646
Fees for Services Accounting$7,271--$7,271
Travel$1,017--$1,017
Total Functional Expenses$466,768$71,654$6,302$544,724

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$544,724
Total Expenses per Audited Statements$544,724
Total Expenses per Form 990$544,724
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mackinac Island Medical CenterMackinac Island, MIGovDesignated Disbursem$58,603
City of Mackinac IslandMackinac Island, MI-Various$24,480
Mackinac Island Public LibraryMackinac Island, MI-Designated Disbursem$21,415
Mackinac Island Public SchoolMackinac Island, MI-Various$14,295
Mackinac Arts CouncilMackinac Island, MI-Various$9,218
MACKINAC HORSEMEN'S ASSOCIATIONMackinac Island, MI-Various$5,569
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
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“The board of trustees normally shall consist of from 12 to 18 members who shall be elected at any official board meeting, normally by being nominated by a motion a) from the foundation nominating and volunteer recruitment committee, and , b) supported by a majority of trustees when a quorum is present.”

Form 990, Page 6, Part VI, Line 11B

“The executive director and the audit committee reviews form 990 then provides a copy to all board members for approval. Form 990 is then signed by the executive director and submitted.”

Form 990, Page 6, Part VI, Line 12C

“A policy is enforced and compliance is monitored and each board member and the executive director sign a copy of the policy annually.”

Form 990, Page 6, Part VI, Line 15A

“Board approves compensation of executive director”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available at the foundation's main office and on their website.”

Filing and Contact Details

Filer

Filer Name
Mackinac Island Community
EIN
38-3179612
Phone
9068473701
Address
PO BOX 1933, MACKINAC ISLAND, MI 49757

Signing Officer

Name
Robin Dorman
Title
Executive Director
Phone
9068473701
Signed
2015-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Rearick
Formed
1994
Legal Domicile
Mi
Voting Board Members
12
Independent Board Members
12
Employees
2
Volunteers
20

Preparer

Firm
Makela Pollack & Ahonen Pllc
Address
301 N SUFFOLK, IRONWOOD, MI 49938
Preparer
Timothy J Makela
Phone
9069324430
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Grants to charitable organizations on mackinac island, mi.”

Financial Statement Notes

Schedule D, Page 1, Part II, Line 9

“Reported as an other asset for a total value of 377,778. Organization has owned the easement for over 5 years.”

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IRS990/PYTotalRevenueAmt01871230
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01591081
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ADMINISTRATIVE FEE INCOME 313,825
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01348285
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0278899
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0321795
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0525098
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0335806
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02809883
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0100852
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0174005
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt098896
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt087943
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0135147
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0596843
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0787520
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt071654
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt064851
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt063201
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt057983
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt056136
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0313825
IRS990ScheduleA/PublicSupportCY170Pct00.47720
IRS990ScheduleA/PublicSupportPY170Pct00.62650
IRS990ScheduleA/PublicSupportTotal170Amt01775302
IRS990ScheduleA/SubstantialContributorsTotAmt01034581
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01348285
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0278899
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0321795
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0525098
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0335806
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02809883
IRS990ScheduleA/TotalSupportAmt03720551
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/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt071654
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt07710216
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01495175
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt09498370
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0218518
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0686582
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0103431
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt064851
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt06231497
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0364730
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt07710216
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0192084
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01451261
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt080337
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt063201
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt05450733
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0321795
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt06231497
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0133166
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0731693
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt076357
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt057983
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt05293993
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0200357
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt05450733
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0149250
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0242769
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt079153
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt056136
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04625591
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0331011
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt05293993
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt094661
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0523534
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0190130
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsContriAmt07750
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt08750
IRS990ScheduleD/DonorAdvisedFundsHeldCnt08
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0505144
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0544724
IRS990ScheduleD/FundsAndOtherAccountsContriAmt01313535
IRS990ScheduleD/FundsAndOtherAccountsGrantsAmt0219768
IRS990ScheduleD/FundsAndOtherAccountsHeldCnt065
IRS990ScheduleD/FundsAndOtherAccountsVlEOYAmt09439477
IRS990ScheduleD/PreservationPublicUseInd0X
IRS990ScheduleD/RevenueSubtotalAmt02135805
IRS990ScheduleD/StatesEasementsHeldCnt01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0REPORTED AS AN OTHER ASSET FOR A TOTAL VALUE OF 377,778. ORGANIZATION HAS OWNED THE EASEMENT FOR OVER 5 YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 1, PART II, LINE 9
IRS990ScheduleD/TotalAcreageCnt01.00
IRS990ScheduleD/TotalEasementsCnt01
IRS990ScheduleD/TotalExpensesPerForm990Amt0544724
IRS990ScheduleD/TotalRevenuePerForm990Amt02135805
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02135805
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0544724
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt088699
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0GRANT LESS THAN 5,000
IRS990ScheduleI/RecipientTable/CashGrantAmt058603
IRS990ScheduleI/RecipientTable/CashGrantAmt121415
IRS990ScheduleI/RecipientTable/CashGrantAmt29218
IRS990ScheduleI/RecipientTable/CashGrantAmt314295
IRS990ScheduleI/RecipientTable/CashGrantAmt45569
IRS990ScheduleI/RecipientTable/CashGrantAmt524480
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DESIGNATED DISBURSEM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1DESIGNATED DISBURSEM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2VARIOUS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3VARIOUS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4VARIOUS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5VARIOUS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MACKINAC ISLAND MEDICAL CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MACKINAC ISLAND PUBLIC LIBRARY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2MACKINAC ARTS COUNCIL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3MACKINAC ISLAND PUBLIC SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4MACKINAC HORSEMEN'S ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5CITY OF MACKINAC ISLAND
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0113 MARKET ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1903 HURON ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2PO BOX 1834
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt37846 MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt43800 BRITISH LANDING ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5MARKET ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MACKINAC ISLAND
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MACKINAC ISLAND
IRS990ScheduleI/RecipientTable/USAddress/CityNm2MACKINAC ISLAND
IRS990ScheduleI/RecipientTable/USAddress/CityNm3MACKINAC ISLAND
IRS990ScheduleI/RecipientTable/USAddress/CityNm4MACKINAC ISLAND
IRS990ScheduleI/RecipientTable/USAddress/CityNm5MACKINAC ISLAND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd049757
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd149757
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd249757
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd349757
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd449757
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd549757
IRS990ScheduleI/Total501c3OrgCnt05
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GRANTS TO CHARITABLE ORGANIZATIONS ON MACKINAC ISLAND, MI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF TRUSTEES NORMALLY SHALL CONSIST OF FROM 12 TO 18 MEMBERS WHO SHALL BE ELECTED AT ANY OFFICIAL BOARD MEETING, NORMALLY BY BEING NOMINATED BY A MOTION A) FROM THE FOUNDATION NOMINATING AND VOLUNTEER RECRUITMENT COMMITTEE, AND , B) SUPPORTED BY A MAJORITY OF TRUSTEES WHEN A QUORUM IS PRESENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR AND THE AUDIT COMMITTEE REVIEWS FORM 990 THEN PROVIDES A COPY TO ALL BOARD MEMBERS FOR APPROVAL. FORM 990 IS THEN SIGNED BY THE EXECUTIVE DIRECTOR AND SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A POLICY IS ENFORCED AND COMPLIANCE IS MONITORED AND EACH BOARD MEMBER AND THE EXECUTIVE DIRECTOR SIGN A COPY OF THE POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD APPROVES COMPENSATION OF EXECUTIVE DIRECTOR

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,944,621
Liabilities
$0
Net assets
$9,944,621
Revenue
$2,135,805
Expenses
$544,724
Net income
$1,591,081
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.9$0.68$21.2$3.85$1.40$2.45
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.6$0.59$18.1$1.97$1.03$0.94
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.4$0.50$14.9$0.45$0.90$0.45
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.9$0.68$19.2$1.75$1.23$0.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.3$0.49$16.8$0.46$0.74$0.28
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.8$0.47$14.3$1.14$0.53$0.61
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$0.40$11.6$0.67$0.87$0.21
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$0.03$11.8$2.34$0.55$1.79
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.0$0.00$10.0$0.56$0.41$0.15
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.89$0.00$9.89$0.40$0.46$0.06
2014Detailed filing. Detailed filing data is available for this year.$9.94$0.00$9.94$2.14$0.54$1.59
2013Detailed filing. Detailed filing data is available for this year.$8.35$0.00$8.35$1.87$0.34$1.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.94$0.00$6.94$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.10$0.00$6.10$0.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.66$0.00$5.66$0.30
Peer Organizations

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