Civic Intelligence

Midland Charter Initiative

990 • Fiscal year 2014 • EIN 38-3184678

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 27, 2014

Organization Profile

View Organization Page

4653 Bailey Bridge RoadMidland, MI 48640

(989) 496-2403

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.36x

Higher debt load relative to assets than 72% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

63rd percentile

0.22x

Higher debt load relative to revenue than 63% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

27th percentile

-5.1%

Higher net margin than 27% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

79th percentile

$125,810

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

19th percentile

-5.4%

Faster asset growth than 19% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

23rd percentile

-8.2%

Faster revenue growth than 23% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$1,030,097

Down $59,077 (-5.4%) from 2013

Net Assets

Down

$658,202

Down $86,657 (-12%) from 2013

Liabilities

Up

$371,895

Up $27,580 (+8.0%) from 2013

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin27th percentile

Revenue

Down

$1,703,362

Down $151,896 (-8.2%) from 2013

Expenses

Down

$1,790,050

Down $73,089 (-3.9%) from 2013

Net Income

Down

-$86,688

Down $78,807 (-1000%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$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

2014

Assets$1,030,097
Liabilities$371,895
Net Assets$658,202
Open 2014 Filing

Operations Trend

Revenue Growth23rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2014

Revenue$1,703,362
Expenses$1,790,050
Net Income-$86,688
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 27, 2014
Return Version
2013v3.1
Gross Receipts
$1,703,362
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, 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$863,951$807,297▼ $56,654
Accounts Receivable$221,818$212,219▼ $9,599
Cash and Non-Interest-Bearing Accounts$1,649$10,581▲ $8,932
Savings and Temporary Cash Investments$1,787--
Total Assets$1,089,205$1,030,097▼ $59,108
Liabilities
Mortgage Notes Payable Secured by Investment Property$223,277$266,932▲ $43,655
Accounts Payable and Accrued Expenses$120,507$104,963▼ $15,544
Total Liabilities$343,784$371,895▲ $28,111
Net Assets / Fund Balance
Unrestricted Net Assets$445,421$358,202▼ $87,219
Temporarily Rstr Net Assets$300,000$300,000→ $0
Total Net Assets Fund Balance$745,421$658,202▼ $87,219
Total Liabilities and Net Assets / Fund Balance$1,089,205$1,030,097▼ $59,108

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$722,036$808,260$1,530,296
Equipment$25,261$591,157$616,418
Land$60,000-$60,000
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathryn ShickPresidentFT$106,080$19,730$125,810

Board Members and Trustees

NameTitle
Edward ShafferTrustee
Richard CaldwellTrustee
John DateVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,322
Program Service Revenue
$1,637,309
Investment Income
$0
Other Revenue
$63,731
All Other Contributions
$2,322
Change in Net Assets
$-86,688

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,703,362
Total Revenue per Audited Statements
$1,703,362
Total Revenue per Form 990
$1,703,362
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,293,957
Other Expenses$496,093
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$930,910$9,141-$940,051
Other Employee Benefits$119,378$13,264-$132,642
Current Officers, Directors, Trustees, and Key Employees$10,608$95,472-$106,080
Payroll Taxes$66,607$7,401-$74,008
Occupancy$49,828$21,432-$71,260
Depreciation Depletion$63,413$7,046-$70,459
All Other Expenses$35,176$13,154-$48,330
Pension Plan Contributions$37,059$4,117-$41,176
Interest-$40,142-$40,142
Advertising$35,976--$35,976
Fees for Services Accounting-$21,292-$21,292
Other Expenses$18,141--$18,141
Insurance-$17,567-$17,567
Fees for Services Legal-$10,596-$10,596
Office Expenses$9,232--$9,232
Conferences and Meetings$5,178$2,646-$7,824
Total Functional Expenses$1,526,780$263,270$0$1,790,050

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,790,050
Total Expenses per Audited Statements$1,790,050
Total Expenses per Form 990$1,790,050
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
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, 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 15B

“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 and approved by the board.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available upon request.”

Filing and Contact Details

Filer

EIN
38-3184678
Phone
9894962403

Signing Officer

Name
Kathryn Shick
Title
President
Phone
9894962403
Signed
2014-11-27
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
65
Volunteers
102

Preparer

Preparer
Michael R Zimmerman
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, 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.”

Raw XML Appendix364 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0120507
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0104963
IRS990/AccountsReceivableGrp/BOYAmt0221818
IRS990/AccountsReceivableGrp/EOYAmt0212219
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO 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.
IRS990/AdvertisingGrp/ProgramServicesAmt035976
IRS990/AdvertisingGrp/TotalAmt035976
IRS990/AllOtherContributionsAmt02322
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt013154
IRS990/AllOtherExpensesGrp/ProgramServicesAmt035176
IRS990/AllOtherExpensesGrp/TotalAmt048330
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0TRACY ANDERSON
IRS990/BooksInCareOfDetail/PhoneNum09894962403
IRS990/BooksInCareOfDetail/USAddress/AddressLine104653 BAILEY BRIDGE
IRS990/BooksInCareOfDetail/USAddress/City0MIDLAND
IRS990/BooksInCareOfDetail/USAddress/State0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCode048640
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01649
IRS990/CashNonInterestBearingGrp/EOYAmt010581
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt095472
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt010608
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0106080
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt02646
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt05178
IRS990/ConferencesMeetingsGrp/TotalAmt07824
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02322
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0496093
IRS990/CYOtherRevenueAmt063731
IRS990/CYProgramServiceRevenueAmt01637309
IRS990/CYRevenuesLessExpensesAmt0-86688
IRS990/CYSalariesCompEmpBnftPaidAmt01293957
IRS990/CYTotalExpensesAmt01790050
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01703362
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt07046
IRS990/DepreciationDepletionGrp/ProgramServicesAmt063413
IRS990/DepreciationDepletionGrp/TotalAmt070459
IRS990/Desc0TO PROVIDE SPACE, STAFF, AND MANAGEMENT SERVICES TO THE MIDLAND ACADEMY OF ADVANCED AND CREATIVE STUDIES
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt065
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01476483
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt021292
IRS990/FeesForServicesAccountingGrp/TotalAmt021292
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt010596
IRS990/FeesForServicesLegalGrp/TotalAmt010596
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt019730
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0KATHRYN SHICK
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN DATE
IRS990/Form990PartVIISectionAGrp/PersonNm2EDWARD SHAFFER
IRS990/Form990PartVIISectionAGrp/PersonNm3RICHARD CALDWELL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0106080
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01703362
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt017567
IRS990/InsuranceGrp/TotalAmt017567
IRS990/InterestGrp/ManagementAndGeneralAmt040142
IRS990/InterestGrp/TotalAmt040142
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01399417
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0863951
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0807297
IRS990/LandBldgEquipCostOrOtherBssAmt02206714
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0223277
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0266932
IRS990/NetAssetsOrFundBalancesBOYAmt0745421
IRS990/NetAssetsOrFundBalancesEOYAmt0658202
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt021432
IRS990/OccupancyGrp/ProgramServicesAmt049828
IRS990/OccupancyGrp/TotalAmt071260
IRS990/OfficeExpensesGrp/ProgramServicesAmt09232
IRS990/OfficeExpensesGrp/TotalAmt09232
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013264
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0119378
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0132642
IRS990/OtherExpensesGrp/Desc0OTHER PURCHASED SERVICES
IRS990/OtherExpensesGrp/Desc1ENHANCEMENT PROGRAMS
IRS990/OtherExpensesGrp/Desc2SPEECH THERAPY
IRS990/OtherExpensesGrp/Desc3TEACHING SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt067034
IRS990/OtherExpensesGrp/ProgramServicesAmt142428
IRS990/OtherExpensesGrp/ProgramServicesAmt235812
IRS990/OtherExpensesGrp/ProgramServicesAmt318141
IRS990/OtherExpensesGrp/TotalAmt067034
IRS990/OtherExpensesGrp/TotalAmt142428
IRS990/OtherExpensesGrp/TotalAmt235812
IRS990/OtherExpensesGrp/TotalAmt318141
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/BusinessCd1611600
IRS990/OtherRevenueMiscGrp/BusinessCd2611600
IRS990/OtherRevenueMiscGrp/Desc0ENHANCEMENT
IRS990/OtherRevenueMiscGrp/Desc1FUNDRAISING
IRS990/OtherRevenueMiscGrp/Desc2CHILDCARE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt050234
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt19557
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt23940
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt050234
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt19557
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt23940
IRS990/OtherRevenueTotalAmt063731
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09141
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0930910
IRS990/OtherSalariesAndWagesGrp/TotalAmt0940051
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07401
IRS990/PayrollTaxesGrp/ProgramServicesAmt066607
IRS990/PayrollTaxesGrp/TotalAmt074008
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04117
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt037059
IRS990/PensionPlanContributionsGrp/TotalAmt041176
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KATHRYN SHICK
IRS990/PriorPeriodAdjustmentsAmt0-531
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1RENT REVENUE
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0235627
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01401682
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01401682
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1235627
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE AN ACADEMIC HOMEWORK LAB FOR STUDENTS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt050297
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0750
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0508296
IRS990/PYOtherRevenueAmt07893
IRS990/PYProgramServiceRevenueAmt01846615
IRS990/PYRevenuesLessExpensesAmt0-7881
IRS990/PYSalariesCompEmpBnftPaidAmt01354843
IRS990/PYTotalExpensesAmt01863139
IRS990/PYTotalRevenueAmt01855258
IRS990/ReconcilationRevenueExpnssAmt0-86688
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01787
IRS990ScheduleA/CertificationInd0X
IRS990ScheduleA/Contribution35ControlledInd0false
IRS990ScheduleA/ContributionControllerInd0false
IRS990ScheduleA/ContributionFamilyInd0false
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0383301891
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc06
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01424542
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10THE MIDLAND ACADEMY OF ADVANCED AND CREATIVE STUDIES
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine20THE MIDLAND ACADEMY OF ADVANCED AND CREATIVE STUDIES
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd0true
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt01424542
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0722036
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0808260
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01530296
IRS990ScheduleD/EquipmentGrp/BookValueAmt025261
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0591157
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0616418
IRS990ScheduleD/ExpensesSubtotalAmt01790050
IRS990ScheduleD/LandGrp/BookValueAmt060000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt060000
IRS990ScheduleD/RevenueSubtotalAmt01703362
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0807297
IRS990ScheduleD/TotalExpensesPerForm990Amt01790050
IRS990ScheduleD/TotalRevenuePerForm990Amt01703362
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01703362
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01790050
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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, 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.
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/ExplanationTxt4COMPARABLES 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 AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
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 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0300000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0300000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01089205
IRS990/TotalAssetsEOYAmt01030097
IRS990/TotalAssetsGrp/BOYAmt01089205
IRS990/TotalAssetsGrp/EOYAmt01030097
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02322
IRS990/TotalEmployeeCnt065
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0263270
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01526780
IRS990/TotalFunctionalExpensesGrp/TotalAmt01790050
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0343784
IRS990/TotalLiabilitiesEOYAmt0371895
IRS990/TotalLiabilitiesGrp/BOYAmt0343784
IRS990/TotalLiabilitiesGrp/EOYAmt0371895
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0745421
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0658202
IRS990/TotalOtherCompensationAmt019730
IRS990/TotalProgramServiceExpensesAmt01526780
IRS990/TotalProgramServiceRevenueAmt01637309
IRS990/TotalReportableCompFromOrgAmt0106080
IRS990/TotalRevenueGrp/ExclusionAmt0235627
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01465413
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01703362
IRS990/TotalVolunteersCnt0102
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01089205
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01030097
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0445421
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0358202
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine104653 BAILEY BRIDGE
IRS990/USAddress/City0MIDLAND
IRS990/USAddress/State0MI
IRS990/USAddress/ZIPCode048640
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHRYN SHICK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09894962403
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-27
ReturnHeader/Filer/BusinessName/BusinessNameLine10MIDLAND CHARTER INITIATIVE
ReturnHeader/Filer/BusinessNameControlTxt0MIDL
ReturnHeader/Filer/EIN0383184678
ReturnHeader/Filer/PhoneNum09894962403
ReturnHeader/Filer/USAddress/AddressLine104653 BAILEY BRIDGE ROAD
ReturnHeader/Filer/USAddress/City0MIDLAND
ReturnHeader/Filer/USAddress/State0MI
ReturnHeader/Filer/USAddress/ZIPCode048640
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382706146
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10YEO & YEO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine106018 EASTMAN AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0MIDLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0486402518
ReturnHeader/PreparerPersonGrp/PhoneNum09896316060
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL R ZIMMERMAN
ReturnHeader/ReturnTs02014-12-11T16:15:35-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,030,097
Liabilities
$371,895
Net assets
$658,202
Revenue
$1,703,362
Expenses
$1,790,050
Net income
-$86,688
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.96$0.72$0.24$1.49$1.49$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.91$0.67$0.24$1.46$1.54$0.08
2016Summary only. Only limited summary data is available for this year.$0.91$0.59$0.32$1.59$1.71$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.97$0.53$0.44$1.56$1.78$0.21
2014Detailed filing. Detailed filing data is available for this year.$1.03$0.37$0.66$1.70$1.79$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.34$0.74$1.86$1.86$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.38$0.75$1.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.37$0.76$1.72