Civic Intelligence

Michigan Celebrates Small Business

990 • Fiscal year 2021 • EIN 38-3614841

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 17, 2021

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

82nd percentile

0.18x

Higher debt load relative to assets than 82% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

83rd percentile

0.17x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

83rd percentile

44%

Higher net margin than 83% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

69th percentile

25%

Faster asset growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

45th percentile

-1.1%

Faster revenue growth than 45% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$140,713

Up $27,910 (+25%) from 2020

Net Assets

Up

$115,919

Up $64,641 (+126%) from 2020

Liabilities

Down

$24,794

Down $36,731 (-60%) from 2020

Revenue

Down

$148,416

Down $1,684 (-1.1%) from 2020

Expenses

Down

$83,775

Down $39,061 (-32%) from 2020

Net Income

Up

$64,641

Up $37,377 (+137%) from 2020

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

2021

Assets$140,713
Liabilities$24,794
Net Assets$115,919

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

2021

Revenue$148,416
Expenses$83,775
Net Income$64,641
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 17, 2021
Return Version
2020v4.1
Gross Receipts
$158,239
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$98,194$127,515▲ $29,321
Prepaid Expenses and Deferred Charges$7,609$8,198▲ $589
Accounts Receivable$7,000$5,000▼ $2,000
Total Assets$112,803$140,713▲ $27,910
Liabilities
Deferred Revenue$16,297$14,706▼ $1,591
Accounts Payable and Accrued Expenses$45,228$10,088▼ $35,140
Total Liabilities$61,525$24,794▼ $36,731
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$51,278$115,919▲ $64,641
Total Net Assets Fund Balance$51,278$115,919▲ $64,641
Total Liabilities and Net Assets / Fund Balance$112,803$140,713▲ $27,910
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jennifer DeamudPresident
Ann ParkerDirector
Brian CalleyDirector
Camron GnassDirector
Chris HolmanDirector
Cynthia KayDirector
Dan WyantDirector
Jd CollinsDirector
Josh HundtDirector
Kristi KozubalDirector
Todd GustafsonDirector
Colleen Killen-robertsSecretary
Robert FowlerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$137,235
Program Service Revenue
$1,062
Investment Income
$143
Other Revenue
$9,976
All Other Contributions
$121,235
Change in Net Assets
$64,641
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$83,775
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$53,039--$53,039
Other Expenses$15,039--$15,039
Fees for Services Accounting-$6,085-$6,085
Office Expenses$3,970$783-$4,753
Information Technology$4,059--$4,059
Insurance-$800-$800
Total Functional Expenses$76,107$7,668$0$83,775
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$19,799
Fundraising Direct Expenses$9,823
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$35,799$19,799$791$19,008
Total Events$35,799$19,799$9,823$9,976
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 35% controlled entity
No
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 2020-2021 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
Robert Fowler
Title
Treasurer
Phone
5174828788
Signed
2021-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Fowler
Formed
2000
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
33

Preparer

Firm
Maner Costerisan Pc
Address
2425 E GRAND RIVER SUITE 1, LANSING, MI 48912-3291
Preparer
Matthew C Latham 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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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 2020-2021 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
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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Document Assets

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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