Civic Intelligence

Midland Charter Initiative

EIN 38-3184678 • 501(c)3 • Midland, MI

Profile

To promote and encourage research into and of systems of instruction and elementary and secondary education and schools to promote, foster, carry on, sponsor, ecourage or participate in any activities designed to investigate, provide for, promote or encourage research into methods designed to operate, acquire, establish, sponsor, and/or develop instructional and/or educational systems and/or programs.

4653 Bailey Bridge RoadMidland, MI 48640
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.75x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

80th percentile

0.48x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

38th percentile

-0.2%

Higher net margin than 38% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

54th percentile

5.4%

Faster asset growth than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

38th percentile

1.5%

Faster revenue growth than 38% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$958,851

Up $49,468 (+5.4%) from 2017

Liabilities

Up

$718,612

Up $52,073 (+7.8%) from 2017

Net Assets

Down

$240,239

Down $2,605 (-1.1%) from 2017

Revenue

Up

$1,485,235

Up $22,542 (+1.5%) from 2017

Expenses

Down

$1,487,840

Down $52,556 (-3.4%) from 2017

Net Income

Up

-$2,605

Up $75,098 (+97%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $1,135,282Liabilities 2011: $371,245Net Assets 2011: $764,0372011Assets 2012: $1,129,229Liabilities 2012: $376,489Net Assets 2012: $752,7402012Assets 2013: $1,089,174Liabilities 2013: $344,315Net Assets 2013: $744,8592013Assets 2014: $1,030,097Liabilities 2014: $371,895Net Assets 2014: $658,2022014Assets 2015: $971,680Liabilities 2015: $526,909Net Assets 2015: $444,7712015Assets 2016: $914,683Liabilities 2016: $594,136Net Assets 2016: $320,5472016Assets 2017: $909,383Liabilities 2017: $666,539Net Assets 2017: $242,8442017Assets 2018: $958,851Liabilities 2018: $718,612Net Assets 2018: $240,2392018

Highlighted filing

2018

Assets$958,851
Liabilities$718,612
Net Assets$240,239

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2011: $1,720,6672011Expenses 2012: $1,815,9012012Revenue 2013: $1,855,258Expenses 2013: $1,863,139Net Income 2013: -$7,8812013Revenue 2014: $1,703,362Expenses 2014: $1,790,050Net Income 2014: -$86,6882014Revenue 2015: $1,564,793Expenses 2015: $1,778,224Net Income 2015: -$213,4312015Revenue 2016: $1,586,361Expenses 2016: $1,710,585Net Income 2016: -$124,2242016Revenue 2017: $1,462,693Expenses 2017: $1,540,396Net Income 2017: -$77,7032017Revenue 2018: $1,485,235Expenses 2018: $1,487,840Net Income 2018: -$2,6052018

Highlighted filing

2018

Revenue$1,485,235
Expenses$1,487,840
Net Income-$2,605

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 21, 2019
Return Version
2017v2.3
Gross Receipts
$1,485,235
Mission and Program Overview

Mission

To promote and encourage research into and of systems of instruction and elementary and secondary education and schools to promote, foster, carry on, sponsor, encourage or participate in any activities designed to investigate, provide for, promote or encourage research into methods designed to operate, acquire, establish, sponsor, and/or develop instructional and/or educational systems and/or programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$643,270$584,992▼ $58,278
Accounts Receivable$231,833$242,941▲ $11,108
Cash and Non-Interest-Bearing Accounts$25,875$130,918▲ $105,043
Prepaid Expenses and Deferred Charges$8,405--
Total Assets$909,383$958,851▲ $49,468
Liabilities
Mortgage Notes Payable Secured by Investment Property$661,334$664,974▲ $3,640
Accounts Payable and Accrued Expenses$5,205$53,638▲ $48,433
Total Liabilities$666,539$718,612▲ $52,073
Net Assets / Fund Balance
Unrestricted Net Assets$142,844$140,239▼ $2,605
Temporarily Rstr Net Assets$100,000$100,000→ $0
Total Net Assets Fund Balance$242,844$240,239▼ $2,605
Total Liabilities and Net Assets / Fund Balance$909,383$958,851▲ $49,468

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$515,885$1,019,652$1,535,537
Equipment$9,107$74,271$83,378
Land$60,000-$60,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kathryn ShickPresident
Edward ShafferTrustee
Richard CaldwellTrustee
John DateSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$1,169,326
Program Service Revenue
$265,879
Investment Income
$0
Other Revenue
$50,030
All Other Contributions
$25,021
Change in Net Assets
$-2,605

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,485,235
Total Revenue per Audited Statements
$1,485,235
Total Revenue per Form 990
$1,485,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,030,627
Other Expenses$457,213
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$789,547$87,727-$877,274
Other Employee Benefits$66,992$7,444-$74,436
Payroll Taxes$56,266$6,252-$62,518
Depreciation Depletion$52,450$5,828-$58,278
Occupancy$49,862$1,343-$51,205
Interest$40,888$4,543-$45,431
Advertising$34,204$3,800-$38,004
Office Expenses$29,050$3,228-$32,278
All Other Expenses$24,938$843-$25,781
Other Expenses$19,665$5,549-$19,665
Fees for Services Legal$15,123$1,680-$16,803
Pension Plan Contributions$14,759$1,640-$16,399
Fees for Services Other$10,473$1,164-$11,637
Fees for Services Accounting$8,243$916-$9,159
Conferences and Meetings$2,733$304-$3,037
Total Functional Expenses$1,355,579$132,261$0$1,487,840

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,487,840
Total Expenses per Audited Statements$1,487,840
Total Expenses per Form 990$1,487,840
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Form 990 is provided to board for their review prior to filing.

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

Members are asked to abstain from any activity where a known conflict of interest exists.

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

Comparables of other non-profit and educational corporations are reviewed for the midland charter initiative board of directors to use as a basis in determining salary.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Midland Charter Initiative
EIN
38-3184678
Phone
9894962403
Address
4653 BAILEY BRIDGE ROAD, MIDLAND, MI 48640

Signing Officer

Name
Kathryn Shick
Title
President
Phone
9894962403
Signed
2019-03-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathryn Shick
Formed
1994
Legal Domicile
Mi
Voting Board Members
4
Independent Board Members
3
Employees
47
Volunteers
91

Preparer

Firm
Yeo & Yeo Pc
Address
6018 EASTMAN AVE, MIDLAND, MI 48640-2518
Preparer
David R Youngstrom
Phone
9896316060
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To promote and encourage research into and of systems of instruction and elementary and secondary education and schools to promote, foster, carry on, sponsor, encourage or participate in any activities designed to investigate, provide for, promote or encourage research into methods designed to operate, acquire, establish, sponsor, and/or develop instructional and/or educational systems and/or programs.

Form 990, Page 12, Part XII, Line 2C

Board of directors receives a draft copy of the 990 annually and reviews and approves the return prior to filing.

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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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IRS990ScheduleA/PublicSupportPY170Pct00.83370
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01169326
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01298395
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01334124
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01401682
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06427285
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt059775
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt065171
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt059791
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01019652
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IRS990ScheduleD/EquipmentGrp/BookValueAmt09107
IRS990ScheduleD/EquipmentGrp/DepreciationAmt074271
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROMOTE AND ENCOURAGE RESEARCH INTO AND OF SYSTEMS OF INSTRUCTION AND ELEMENTARY AND SECONDARY EDUCATION AND SCHOOLS TO PROMOTE, FOSTER, CARRY ON, SPONSOR, ENCOURAGE OR PARTICIPATE IN ANY ACTIVITIES DESIGNED TO INVESTIGATE, PROVIDE FOR, PROMOTE OR ENCOURAGE RESEARCH INTO METHODS DESIGNED TO OPERATE, ACQUIRE, ESTABLISH, SPONSOR, AND/OR DEVELOP INSTRUCTIONAL AND/OR EDUCATIONAL SYSTEMS AND/OR PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PROVIDED TO BOARD FOR THEIR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS ARE ASKED TO ABSTAIN FROM ANY ACTIVITY WHERE A KNOWN CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPARABLES OF OTHER NON-PROFIT AND EDUCATIONAL CORPORATIONS ARE REVIEWED FOR THE MIDLAND CHARTER INITIATIVE BOARD OF DIRECTORS TO USE AS A BASIS IN DETERMINING SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD OF DIRECTORS RECEIVES A DRAFT COPY OF THE 990 ANNUALLY AND REVIEWS AND APPROVES THE RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 12, PART XII, LINE 2C
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01355579
IRS990/TotalFunctionalExpensesGrp/TotalAmt01487840
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0718612
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IRS990/TotalLiabilitiesGrp/EOYAmt0718612
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0240239
IRS990/TotalProgramServiceExpensesAmt01355579
IRS990/TotalProgramServiceRevenueAmt0265879
IRS990/TotalRevenueGrp/ExclusionAmt0265989
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt049920
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01485235
IRS990/TotalVolunteersCnt091
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0909383
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0958851
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0142844
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0140239
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04653 BAILEY BRIDGE ROAD
IRS990/USAddress/CityNm0MIDLAND
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048640
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHRYN SHICK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09894962403
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MIDLAND CHARTER INITIATIVE
ReturnHeader/Filer/BusinessNameControlTxt0MIDL
ReturnHeader/Filer/EIN0383184678
ReturnHeader/Filer/PhoneNum09894962403
ReturnHeader/Filer/USAddress/AddressLine1Txt04653 BAILEY BRIDGE ROAD
ReturnHeader/Filer/USAddress/CityNm0MIDLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048640
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId08547113CCEDFF0FB9130C8C29CBB62B413ABD7E4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07484E3CD3963469E41B121541E5DE620EF83E074
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.34.166.253
ReturnHeader/FilingSecurityInformation/IPDt02019-04-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:16:27
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382706146
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0YEO & YEO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06018 EASTMAN AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIDLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0486402518
ReturnHeader/PreparerPersonGrp/PhoneNum09896316060
ReturnHeader/PreparerPersonGrp/PreparationDt02019-03-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID R YOUNGSTROM
ReturnHeader/ReturnTs02019-04-23T11:16:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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