Civic Intelligence

Michigan State University College of Law Foundation

990 • Fiscal year 2019 • EIN 38-3254574

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 25, 2020

Organization ProfileN/A
648 N Shaw Lane Room 368East Lansing, MI 48824

(517) 432-6813

Siviq Scores

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

Liabilities / Assets

79th percentile

0.56x

Higher debt load relative to assets than 79% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

94th percentile

5.25x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

2nd percentile

-210%

Higher net margin than 2% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

91st percentile

$363,312

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 40.6% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

5th percentile

-19%

Faster asset growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

11th percentile

-29%

Faster revenue growth than 11% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$8,460,569

Down $1,929,395 (-19%) from 2018

Net Assets

Down

$3,754,744

Down $2,200,168 (-37%) from 2018

Liabilities

Up

$4,705,825

Up $270,773 (+6.1%) from 2018

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin2nd percentile

Revenue

Down

$895,668

Down $360,706 (-29%) from 2018

Expenses

Up

$2,777,910

Up $191,319 (+7.4%) from 2018

Net Income

Down

-$1,882,242

Down $552,025 (-41%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$30M$20M$10M$0Assets 2010: $20,666,693Liabilities 2010: $1,821,706Net Assets 2010: $18,844,9872010Assets 2011: $23,648,398Liabilities 2011: $3,234,441Net Assets 2011: $20,413,9572011Assets 2012: $21,912,541Liabilities 2012: $4,653,966Net Assets 2012: $17,258,5752012Assets 2013: $20,425,691Liabilities 2013: $4,882,928Net Assets 2013: $15,542,7632013Assets 2014: $17,460,910Liabilities 2014: $2,363,471Net Assets 2014: $15,097,4392014Assets 2015: $14,502,494Liabilities 2015: $2,258,797Net Assets 2015: $12,243,6972015Assets 2016: $13,196,170Liabilities 2016: $4,522,552Net Assets 2016: $8,673,6182016Assets 2017: $12,008,505Liabilities 2017: $4,325,107Net Assets 2017: $7,683,3982017Assets 2018: $10,389,964Liabilities 2018: $4,435,052Net Assets 2018: $5,954,9122018Assets 2019: $8,460,569Liabilities 2019: $4,705,825Net Assets 2019: $3,754,7442019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2019

Assets$8,460,569
Liabilities$4,705,825
Net Assets$3,754,744
Open 2019 Filing

Operations Trend

Revenue Growth11th percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $760,0602010Expenses 2011: $2,117,1362011Expenses 2012: $3,276,3982012Revenue 2013: $1,385,562Expenses 2013: $3,998,437Net Income 2013: -$2,612,8752013Revenue 2014: $2,242,848Expenses 2014: $3,415,008Net Income 2014: -$1,172,1602014Revenue 2015: $1,950,127Expenses 2015: $3,459,019Net Income 2015: -$1,508,8922015Revenue 2016: $714,208Expenses 2016: $2,975,740Net Income 2016: -$2,261,5322016Revenue 2017: $1,385,911Expenses 2017: $2,582,415Net Income 2017: -$1,196,5042017Revenue 2018: $1,256,374Expenses 2018: $2,586,591Net Income 2018: -$1,330,2172018Revenue 2019: $895,668Expenses 2019: $2,777,910Net Income 2019: -$1,882,2422019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020

Highlighted filing

2019

Revenue$895,668
Expenses$2,777,910
Net Income-$1,882,242
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 25, 2020
Return Version
2018v3.2
Gross Receipts
$2,547,634
Mission and Program Overview

Mission

Support of a tax exempt college

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$8,935,660$6,996,602▼ $1,939,058
Cash and Non-Interest-Bearing Accounts$10--
Total Assets$10,389,964$8,460,569▼ $1,929,395
Other Assets Total$1,454,294$1,463,967▲ $9,673
Liabilities
Accounts Payable and Accrued Expenses$3,432,275$3,761,795▲ $329,520
Other Liabilities$1,002,777$944,030▼ $58,747
Total Liabilities$4,435,052$4,705,825▲ $270,773
Net Assets / Fund Balance
Unrestricted Net Assets$5,503,395$3,234,807▼ $2,268,588
Temporarily Rstr Net Assets$451,517$519,937▲ $68,420
Total Net Assets Fund Balance$5,954,912$3,754,744▼ $2,200,168
Total Liabilities and Net Assets / Fund Balance$10,389,964$8,460,569▼ $1,929,395

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,463,967--
Other Securities$6,996,602--
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleOtherTotal
Richard C LametiTreasurer/se$237,552$237,552

Board Members and Trustees

NameTitle
Michael G MorrisChair
Maurice G JenkinsPresident
Donald NystromVice-chair
Charles a JanssenDirector
Clifton E HaleyDirector
Lawrence PonoroffDirector
Linda M OrlansDirector
Mark HaasDirector
Scott RomneyDirector
Richard C LametiTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$68,420
Program Service Revenue
$0
Investment Income
$827,248
Other Revenue
$0
All Other Contributions
$68,420
Change in Net Assets
$-1,882,242

Audited Revenue Reconciliation

Revenue per Audited Statements
$895,548
Revenue Not Reported on Financial Statements
$120
Revenue Not Reported on Form 990
$-317,926
Total Revenue per Audited Statements
$577,622
Total Revenue per Form 990
$895,668
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,777,910
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$2,771,170--$2,771,170
Fees for Services Accounting$6,600--$6,600
Other Expenses$20--$20
Total Functional Expenses$2,777,910$0$0$2,777,910

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,777,910
Expenses per Audited Statements$2,777,790
Total Expenses per Audited Statements$2,777,790
Expenses Not Reported on Financial Statements$120
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Liabilities Under Trust Agreements$944,030
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

“Group one directors consist incumbent members of the board of trustees of the michigan state university college law. Group two directors consist of the dean of the michigan state university college of law and the chief financial officer of the michigan state university college of law.”

Form 990, Page 6, Part VI, Line 8B

“NO COMMITTEES”

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

“The treasurer reviews the return prior to releasing the return for electronic filing to the department of the treasury.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Michigan State University College
EIN
38-3254574
Phone
5174326813
Address
648 N SHAW LANE ROOM 368, EAST LANSING, MI 48824

Signing Officer

Name
Richard C Lameti
Title
Treasurer/secretary
Phone
5174326813
Signed
2020-02-25

Organization Details

Principal Officer
Maurice G Jenkins
Formed
1986
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
7

Preparer

Firm
Button Eddy Kolb & Sorrentino Pllc
Address
33515 STATE STREET, FARMINGTON, MI 48335
Preparer
Christopher M Rutowski
Phone
2488931030
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“BOARD OF DIRECTORS”

Financial Statement Notes

Schedule D, Page 3, Part X

“The foudation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code, except for net income derived from unrelated business activities. The foudation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The foundatin is no longer subject to examination of its federal return of organization exepmt from income tax, form 990, filed for years before june 30, 2015.”

Raw XML AppendixShowing 400 of 436 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LIABILITIES UNDER TRUST AGREEMENTS
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0POOLED ACCOUNT
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE FOUDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATIN IS NO LONGER SUBJECT TO EXAMINATION OF ITS FEDERAL RETURN OF ORGANIZATION EXEPMT FROM INCOME TAX, FORM 990, FILED FOR YEARS BEFORE JUNE 30, 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalBookValueSecuritiesAmt06996602
IRS990ScheduleD/TotalExpensesPerForm990Amt02777910
IRS990ScheduleD/TotalLiabilityAmt0944030
IRS990ScheduleD/TotalRevenuePerForm990Amt0895668
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02777790
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IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1188559
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt016480
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt125500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt013493
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt113493
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt010000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LAWRENCE PONOROFF
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1RICHARD C LAMETI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TREASURER/SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0363312
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1237552
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GROUP ONE DIRECTORS CONSIST INCUMBENT MEMBERS OF THE BOARD OF TRUSTEES OF THE MICHIGAN STATE UNIVERSITY COLLEGE LAW. GROUP TWO DIRECTORS CONSIST OF THE DEAN OF THE MICHIGAN STATE UNIVERSITY COLLEGE OF LAW AND THE CHIEF FINANCIAL OFFICER OF THE MICHIGAN STATE UNIVERSITY COLLEGE OF LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO COMMITTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TREASURER REVIEWS THE RETURN PRIOR TO RELEASING THE RETURN FOR ELECTRONIC FILING TO THE DEPARTMENT OF THE TREASURY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MSU COLLEGE OF LAW
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0381358000
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0COLLEGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0368 COLLEGE LAW BUILDING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0EAST LANSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd048824
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt02771170
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1LOAN GUARANTEE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MSU COLLEGE OF LAW
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1MSU COLLEGE OF LAW
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1D
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0451517
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0519937
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt068420
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt02777910
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt04705825
IRS990/TotalLiabilitiesGrp/BOYAmt04435052
IRS990/TotalLiabilitiesGrp/EOYAmt04705825
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05954912
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03754744
IRS990/TotalOtherCompensationAmt068966
IRS990/TotalProgramServiceExpensesAmt02777910
IRS990/TotalRevenueGrp/ExclusionAmt0302209
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0525039
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0895668
IRS990/TotalVolunteersCnt07
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08460569
IRS990/TotReportableCompRltdOrgAmt0531898
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0true
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt05503395
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03234807
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0368 LAW COLLEGE BUILDING
IRS990/USAddress/CityNm0EAST LANSING
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048824
IRS990/VotingMembersGoverningBodyCnt010
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IRS990/WebsiteAddressTxt0N/A

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,460,569
Liabilities
$4,705,825
Net assets
$3,754,744
Revenue
$895,668
Expenses
$2,777,910
Net income
-$1,882,242
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$8.46$4.71$3.75$0.90$2.78$1.88
2018Detailed filing. Detailed filing data is available for this year.$10.4$4.44$5.95$1.26$2.59$1.33
2017Detailed filing. Detailed filing data is available for this year.$12.0$4.33$7.68$1.39$2.58$1.20
2016Detailed filing. Detailed filing data is available for this year.$13.2$4.52$8.67$0.71$2.98$2.26
2015Detailed filing. Detailed filing data is available for this year.$14.5$2.26$12.2$1.95$3.46$1.51
2014Detailed filing. Detailed filing data is available for this year.$17.5$2.36$15.1$2.24$3.42$1.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.4$4.88$15.5$1.39$4.00$2.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.9$4.65$17.3$3.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.6$3.23$20.4$2.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.7$1.82$18.8$0.76