Civic Intelligence

Michigan Celebrates Small Business

990 • Fiscal year 2019 • EIN 38-3614841

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 12, 2019

120 N Washington Square No 1000Lansing, MI 48933

(517) 482-8788

Siviq Scores

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

Liabilities / Assets

90th percentile

0.53x

Higher debt load relative to assets than 90% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

0.10x

Higher debt load relative to revenue than 83% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

50th percentile

3.2%

Higher net margin than 50% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

30th percentile

-8.7%

Faster asset growth than 30% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

45th percentile

-1.8%

Faster revenue growth than 45% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$51,573

Down $4,907 (-8.7%) from 2018

Net Assets

Up

$24,014

Up $8,437 (+54%) from 2018

Liabilities

Down

$27,559

Down $13,344 (-33%) from 2018

Revenue

Down

$263,563

Down $4,928 (-1.8%) from 2018

Expenses

Down

$255,126

Down $34,919 (-12%) from 2018

Net Income

Up

$8,437

Up $29,991 (+139%) from 2018

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $27,558Liabilities 2011: $16,595Net Assets 2011: $10,9632011Assets 2012: $112,052Liabilities 2012: $0Net Assets 2012: $112,0522012Assets 2013: $167,745Liabilities 2013: $61,251Net Assets 2013: $106,4942013Assets 2014: $101,086Liabilities 2014: $71,883Net Assets 2014: $29,2032014Assets 2015: $146,646Liabilities 2015: $35,761Net Assets 2015: $110,8852015Assets 2016: $44,251Liabilities 2016: $60Net Assets 2016: $44,1912016Assets 2017: $46,826Liabilities 2017: $9,695Net Assets 2017: $37,1312017Assets 2018: $56,480Liabilities 2018: $40,903Net Assets 2018: $15,5772018Assets 2019: $51,573Liabilities 2019: $27,559Net Assets 2019: $24,0142019Assets 2020: $112,803Liabilities 2020: $61,525Net Assets 2020: $51,2782020Assets 2021: $140,713Liabilities 2021: $24,794Net Assets 2021: $115,9192021Assets 2022: $103,909Liabilities 2022: $1,575Net Assets 2022: $102,3342022Assets 2023: $130,233Liabilities 2023: $46,663Net Assets 2023: $83,5702023Assets 2024: $126,379Liabilities 2024: $120,461Net Assets 2024: $5,9182024

Highlighted filing

2019

Assets$51,573
Liabilities$27,559
Net Assets$24,014

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $426,0842011Revenue 2012: $483,978Expenses 2012: $382,889Net Income 2012: $101,0892012Revenue 2013: $373,587Expenses 2013: $379,145Net Income 2013: -$5,5582013Revenue 2014: $337,959Expenses 2014: $415,250Net Income 2014: -$77,2912014Revenue 2015: $585,371Expenses 2015: $503,689Net Income 2015: $81,6822015Revenue 2016: $280,274Expenses 2016: $346,968Net Income 2016: -$66,6942016Revenue 2017: $231,112Expenses 2017: $238,172Net Income 2017: -$7,0602017Revenue 2018: $268,491Expenses 2018: $290,045Net Income 2018: -$21,5542018Revenue 2019: $263,563Expenses 2019: $255,126Net Income 2019: $8,4372019Revenue 2020: $150,100Expenses 2020: $122,836Net Income 2020: $27,2642020Revenue 2021: $148,416Expenses 2021: $83,775Net Income 2021: $64,6412021Revenue 2022: $293,953Expenses 2022: $307,538Net Income 2022: -$13,5852022Revenue 2023: $189,104Expenses 2023: $207,868Net Income 2023: -$18,7642023Revenue 2024: $208,302Expenses 2024: $285,954Net Income 2024: -$77,6522024

Highlighted filing

2019

Revenue$263,563
Expenses$255,126
Net Income$8,437
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$270,784
Mission and Program Overview

Mission

To ignite, unleash and promote a culture of entrepreneurship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$51,480$51,003▼ $477
Prepaid Expenses and Deferred Charges-$425-
Accounts Receivable$5,000$145▼ $4,855
Total Assets$56,480$51,573▼ $4,907
Liabilities
Accounts Payable and Accrued Expenses$40,903$26,559▼ $14,344
Deferred Revenue-$1,000-
Total Liabilities$40,903$27,559▼ $13,344
Net Assets / Fund Balance
Unrestricted Net Assets$15,577$24,014▲ $8,437
Total Net Assets Fund Balance$15,577$24,014▲ $8,437
Total Liabilities and Net Assets / Fund Balance$56,480$51,573▼ $4,907
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jennifer DeamudChair
Ann ParkerDirector
Camron GnassDirector
Chris HolmanDirector
Cynthia KayDirector
Dan WyantDirector
Josh HundtDirector
Brian CalleyDirector (began 01/22/19)
Jd CollinsDirector (began 01/22/19)
Colleen Killen-robertsSecretary
Rob FowlerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$197,800
Program Service Revenue
$61,115
Investment Income
$31
Other Revenue
$4,617
All Other Contributions
$179,500
Change in Net Assets
$8,437
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$255,126
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
Conferences and Meetings$161,440--$161,440
Office Expenses$37,993$585-$38,578
Other Expenses$36,841--$36,841
Information Technology$11,512--$11,512
Fees for Services Accounting-$5,943-$5,943
Insurance-$800-$800
Advertising$12--$12
Total Functional Expenses$247,798$7,328$0$255,126
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$11,838
Fundraising Direct Expenses$7,221
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$30,138$11,838$1,140$10,698
Total Events$30,138$11,838$7,221$4,617
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
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

There were no committees with authority to act on behalf of the governing body.

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

The treasurer will review and sign the 990 and the board will receive copies of the document.

Form 990, Part VI, Section B, Line 15

The organization operated without a paid officer and had no employees in the 2018-2019 fiscal year.

Form 990, Part VI, Section C, Line 19

The documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Michigan Celebrates Small Business
EIN
38-3614841
Phone
5174828788
Address
120 N WASHINGTON SQUARE NO 1000, LANSING, MI 48933

Signing Officer

Name
Rob Fowler
Title
Treasurer
Phone
5174828788
Signed
2019-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rob Fowler
Formed
2000
Legal Domicile
Mi
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Maner Costerisan Pc
Address
2425 E GRAND RIVER SUITE 1, LANSING, MI 48912-3291
Preparer
Jeffrey C Stevens CPA
Phone
5173237500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

In the preparation of tax returns, tax positions are taken based on interpretation of federal, state and local income tax laws. Management periodically reviews and evaluates the status of uncertain tax positions and makes estimates of amounts, including interest and penalties, ultimately due or owed. No amounts have been identified, or recorded, as uncertain tax positions. Federal, state and local returns generally remain open for examination by taxing authorities for a period of three to four years.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN THE PREPARATION OF TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF FEDERAL, STATE AND LOCAL INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL, STATE AND LOCAL RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02985
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt030138
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt011838
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt011838
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt04617
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0678
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE WERE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER WILL REVIEW AND SIGN THE 990 AND THE BOARD WILL RECEIVE COPIES OF THE DOCUMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION OPERATED WITHOUT A PAID OFFICER AND HAD NO EMPLOYEES IN THE 2018-2019 FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalLiabilitiesGrp/BOYAmt040903
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt015577
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IRS990/TotalOtherCompensationAmt00
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IRS990/UponRequestInd0X
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ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICHIGAN CELEBRATES SMALL BUSINESS
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ReturnHeader/FilingSecurityInformation/IPTm013:59:04
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.26$1.20$0.06$2.08$2.86$0.78
2023Detailed filing. Detailed filing data is available for this year.$1.30$0.47$0.84$1.89$2.08$0.19
2022Detailed filing. Detailed filing data is available for this year.$1.04$0.02$1.02$2.94$3.08$0.14
2021Detailed filing. Detailed filing data is available for this year.$1.41$0.25$1.16$1.48$0.84$0.65
2020Detailed filing. Detailed filing data is available for this year.$1.13$0.62$0.51$1.50$1.23$0.27
2019Detailed filing. Detailed filing data is available for this year.$0.52$0.28$0.24$2.64$2.55$0.08
2018Summary only. Only limited summary data is available for this year.$0.56$0.41$0.16$2.68$2.90$0.22
2017Detailed filing. Detailed filing data is available for this year.$0.47$0.10$0.37$2.31$2.38$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$2.80$3.47$0.67
2015Detailed filing. Detailed filing data is available for this year.$1.47$0.36$1.11$5.85$5.04$0.82
2014Summary only. Only limited summary data is available for this year.$1.01$0.72$0.29$3.38$4.15$0.77
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.61$1.06$3.74$3.79$0.06
2012Summary only. Only limited summary data is available for this year.$1.12$0.00$1.12$4.84$3.83$1.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.17$0.11$4.26