Civic Intelligence

Women'S Economic Club

EIN 38-6111726 • 501(c)6 • Detroit, MI

Profile

To provide educational opportunities for women to develop leadership skills.

400 Renaissance Center No 2155Detroit, MI 48243

www.inforummichigan.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2017

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2017

Top Officer Pay

100th percentile

$318,601

Higher top officer pay than 100% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

8th percentile

-100%

Faster asset growth than 8% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

2nd percentile

-100%

Faster revenue growth than 2% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $1,351,707 (-100%) from 2016

Liabilities

Down

$0

Down $193,830 (-100%) from 2016

Net Assets

Down

$0

Down $1,157,877 (-100%) from 2016

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $1,783,847 (-100%) from 2016

Expenses

Down

$84,576

Down $1,749,961 (-95%) from 2016

Net Income

Down

-$84,576

Down $33,886 (-67%) from 2016

Trend Graphs

Balance Sheet Trend

Asset Growth8th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $1,073,754Liabilities 2010: $105,556Net Assets 2010: $968,1982010Assets 2011: $1,129,067Liabilities 2011: $143,134Net Assets 2011: $985,9332011Assets 2012: $1,209,681Liabilities 2012: $198,162Net Assets 2012: $1,011,5192012Assets 2013: $1,351,497Liabilities 2013: $203,924Net Assets 2013: $1,147,5732013Assets 2014: $1,375,987Liabilities 2014: $127,339Net Assets 2014: $1,248,6482014Assets 2015: $1,390,109Liabilities 2015: $175,715Net Assets 2015: $1,214,3942015Assets 2016: $1,351,707Liabilities 2016: $193,830Net Assets 2016: $1,157,8772016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0
Open 2017 Filing

Operations Trend

Revenue Growth2nd percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,180,6652010Expenses 2011: $1,333,1232011Expenses 2012: $1,402,2112012Revenue 2013: $1,542,092Expenses 2013: $1,453,406Net Income 2013: $88,6862013Revenue 2014: $1,535,770Expenses 2014: $1,511,135Net Income 2014: $24,6352014Revenue 2015: $1,714,434Expenses 2015: $1,759,429Net Income 2015: -$44,9952015Revenue 2016: $1,783,847Expenses 2016: $1,834,537Net Income 2016: -$50,6902016Revenue 2017: $0Expenses 2017: $84,576Net Income 2017: -$84,5762017

Highlighted filing

2017

Revenue$0
Expenses$84,576
Net Income-$84,576
Open 2017 Filing

Filings

Most recent year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$0
Expenses
$84,576
Net income
-$84,576
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.08$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.35$0.19$1.16$1.78$1.83$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.39$0.18$1.21$1.71$1.76$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.38$0.13$1.25$1.54$1.51$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.20$1.15$1.54$1.45$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.20$1.01$1.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.14$0.99$1.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.11$0.97$1.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 19, 2018
Return Version
2016v3.0
Gross Receipts
$0
Mission and Program Overview

Mission

To provide educational opportunities for women to develop leadership skills.

Michigan's leading organization for professional women, providing educational and leadership development programs designed to strengthen the diversity of the business environment and develop the next generation of women leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$758,817$0▼ $758,817
Savings and Temporary Cash Investments$244,873$0▼ $244,873
Cash and Non-Interest-Bearing Accounts$224,373$0▼ $224,373
Accounts Receivable$84,576$0▼ $84,576
Land, Buildings, and Equipment, Net$26,432$0▼ $26,432
Prepaid Expenses and Deferred Charges$12,636$0▼ $12,636
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,351,707$0▼ $1,351,707
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$187,045--
Deferred Revenue$6,785--
Total Liabilities$193,830$0▼ $193,830
Net Assets / Fund Balance
Unrestricted Net Assets$1,157,877$0▼ $1,157,877
Total Net Assets Fund Balance$1,157,877$0▼ $1,157,877
Total Liabilities and Net Assets / Fund Balance$1,351,707$0▼ $1,351,707
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terry BarclayPresident and CEOFT$295,046$23,555$318,601

Board Members and Trustees

NameTitle
Patti GriswoldChair
Carol FriendChair Elect
Vivian Rogers PickardChair Emeritus
Mary ZuckermanImmediate Past Chair
Lisa BowerSoutheast Mi Chair
Laurel PalmerSouthwest Mi Chair
Melissa CollarWest Mi Chair
Susan HawkinsVice Chair
Audrey SchwartzDirector
Cheryl KernDirector
Colleen TheuerkaufDirector
Denise SherwoodDirector
Gina ColemanDirector
Jamie K SimpsonDirector
Janice Cosby BridgesDirector
John HaydenDirector
Kimberly HanrahanDirector
Kimberly Houston-philpotDirector
Kimberly Keaton WilliamsDirector
Kimberly ToppingDirector
Krista SohmDirector
Kristin SmallwoodDirector
Lynnette CollinsDirector
MAUREEN D'AGOSTINODirector
Nancy GioiaDirector
Regina StaudacherDirector
Sandra EnnisDirector
Stacey HaasDirector
Diane CharlesSecretary
Maximiliane StraubTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-84,576
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$84,576
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
Other Expenses---$84,576
Total Functional Expenses$0$0$0$84,576
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Shared Office Space and Administrative StaffElimination of Receivable Related to Operating Expense ReimbursementNo$-84,576

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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, Part VI, Section B, Line 11B

“The draft 990 was reviewed internally by president/ceo, cfo, and treasurer. A final draft of the 990 was presented and accepted by the board of directors at the quarterly meeting before filing.”

Form 990, Part VI, Section B, Line 12C

“Organization conducted annual meetings with officers, directors, and key employees to ensure compliance.”

Form 990, Part VI, Section B, Line 15

“The officer's compensation was determined by the executive committee following recommendations from an independent compensation consultant and salary survey comparisons. The compensation for the ceo/executive director and key employees was approved by the board of directors.”

Form 990, Part VI, Section C, Line 18

“AVAILABLE UPON REQUEST”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
WOMEN'S ECONOMIC CLUB
EIN
38-6111726
Phone
3135670232
Address
400 RENAISSANCE CENTER NO 2155, DETROIT, MI 48243
Doing Business As
Inforum

Signing Officer

Name
Terry Barclay
Title
President and CEO
Phone
3135783230
Signed
2018-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Barclay
Formed
1962
Legal Domicile
Mi
Voting Board Members
30
Independent Board Members
30
Employees
13
Volunteers
0

Preparer

Firm
Grant Millman & Johnson Pc
Address
39475 W 13 MILE RD SUITE 200, NOVI, MI 48377
Preparer
Steven G Boggs CPA
Phone
2489948500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Transfer of net assets to women's leadership forum pursuant to merger -1,073,301.”

Raw XML AppendixShowing 400 of 571 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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IRS990/ActivityOrMissionDesc0MICHIGAN'S LEADING ORGANIZATION FOR PROFESSIONAL WOMEN, PROVIDING EDUCATIONAL AND LEADERSHIP DEVELOPMENT PROGRAMS DESIGNED TO STRENGTHEN THE DIVERSITY OF THE BUSINESS ENVIRONMENT AND DEVELOP THE NEXT GENERATION OF WOMEN LEADERS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIR EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6WEST MI CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt20SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23SOUTHWEST MI CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26SOUTHEAST MI CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30PRESIDENT AND CEO
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IRS990/MissionDesc0TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR WOMEN TO DEVELOP LEADERSHIP SKILLS. EFFECTIVE JULY 1, 2016, WOMEN'S ECONOMIC CLUB WAS MERGED INTO WOMEN'S LEADERSHIP FORUM, A TAX-EXEMPT NONPROFIT ORGANIZATION UNDER IRC SECTION 501(C)(3), WHICH THEN CHANGED ITS NAME TO INFORUM.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TERRY BARCLAY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT AND CEO

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