Civic Intelligence

Michigan Retailers Foundation

990 • Fiscal year 2012 • EIN 38-6159732

Jul 01, 2011 to Jun 30, 2012 • Filed on Dec 19, 2012

Organization ProfileN/A
603 South Washington Avenue48933
Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

38th percentile

-1.5%

Faster asset growth than 38% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$1,244,276

Down $19,328 (-1.5%) from 2011

Net Assets

Down

$1,238,504

Down $24,455 (-1.9%) from 2011

Liabilities

Up

$5,772

Up $5,127 (+795%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$83,818

Up $24,457 (+41%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,045,893Liabilities 2010: $1,973Net Assets 2010: $1,043,9202010Assets 2011: $1,263,604Liabilities 2011: $645Net Assets 2011: $1,262,9592011Assets 2012: $1,244,276Liabilities 2012: $5,772Net Assets 2012: $1,238,5042012Assets 2013: $1,320,707Liabilities 2013: $0Net Assets 2013: $1,320,7072013Assets 2014: $1,500,919Liabilities 2014: $36,725Net Assets 2014: $1,464,1942014Assets 2015: $1,375,904Liabilities 2015: $0Net Assets 2015: $1,375,9042015Assets 2016: $1,316,246Liabilities 2016: $0Net Assets 2016: $1,316,2462016Assets 2017: $1,390,992Liabilities 2017: $0Net Assets 2017: $1,390,9922017Assets 2018: $1,637,173Liabilities 2018: $0Net Assets 2018: $1,637,1732018Assets 2019: $1,738,796Liabilities 2019: $0Net Assets 2019: $1,738,7962019Assets 2020: $1,769,043Liabilities 2020: $0Net Assets 2020: $1,769,0432020Assets 2021: $2,174,539Liabilities 2021: $0Net Assets 2021: $2,174,5392021Assets 2022: $1,879,635Liabilities 2022: $0Net Assets 2022: $1,879,6352022Assets 2023: $1,991,626Liabilities 2023: $1,730Net Assets 2023: $1,989,8962023Assets 2024: $2,280,415Liabilities 2024: $0Net Assets 2024: $2,280,4152024

Highlighted filing

2012

Assets$1,244,276
Liabilities$5,772
Net Assets$1,238,504
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$200K$0-$200KExpenses 2010: $63,9872010Expenses 2011: $59,3612011Expenses 2012: $83,8182012Revenue 2013: $183,865Expenses 2013: $78,047Net Income 2013: $105,8182013Revenue 2014: $123,945Expenses 2014: $78,455Net Income 2014: $45,4902014Revenue 2015: $93,874Expenses 2015: $81,341Net Income 2015: $12,5332015Revenue 2016: $44,248Expenses 2016: $81,933Net Income 2016: -$37,6852016Revenue 2017: $121,464Expenses 2017: $66,382Net Income 2017: $55,0822017Revenue 2018: $322,242Expenses 2018: $80,047Net Income 2018: $242,1952018Revenue 2019: $107,202Expenses 2019: $87,361Net Income 2019: $19,8412019Revenue 2020: $179,393Expenses 2020: $90,237Net Income 2020: $89,1562020Revenue 2021: $123,287Expenses 2021: $97,368Net Income 2021: $25,9192021Revenue 2022: $104,231Expenses 2022: $107,787Net Income 2022: -$3,5562022Revenue 2023: $365,589Expenses 2023: $99,713Net Income 2023: $265,8762023Revenue 2024: $122,148Expenses 2024: $109,342Net Income 2024: $12,8062024

Highlighted filing

2012

Revenue-
Expenses$83,818
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Dec 19, 2012
Return Version
2011v1.2
Gross Receipts
$110,126
Mission and Program Overview

Mission

The foundation was established exclusively for educational purposes.

Filing and Contact Details

Filer

EIN
38-6159732
Raw XML AppendixShowing 400 of 474 raw XML fields

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IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0COLLEGE/UNIV SCHOLARSHIP
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0THE MICHIGAN RETAILERS FOUNDATION CONDUCTS A SCHOLARSHIP COMPETITION EACH YEAR. AN INDEPENDENT SELECTION COMMITTEE SELECTS SCHOLARSHIP RECIPIENTS. THE SELECTION COMMITTEE IS COMPOSED OF EDUCATORS AND IS PUT TOGETHER BY INTERNATIONAL SCHOLARSHIP AND TUITION SERVICES (ISTS), TENNESSEE FIRM THAT ADMINISTERS THE FOUNDATION'S SCHOLARSHIP PROGRAM. THE COMMITTEE SELECTS WINNERS BASED ON CRITERIA PROVIDED BY THE FOUNDATION AND DESCRIBED IN OUR SCHOLARSHIP MARKETING MATERIALS. THE CRITERIA INCLUDE EVALUATIONS OF APPLICANTS' ACADEMIC RECORDS, TEST SCORES AND EXTRACURRICULAR ACTIVITIES, INCLUDING, BUT NOT LIMITED TO, RETAIL EMPLOYMENT. FOR HIGH SCHOOL SENIORS, ACADEMIC RECORDS SHOULD FALL IN THE AVERAGE TO ABOVE-AVERAGE RANGE, WHICH, IN GENERAL, IS A STUDENT RANKED IN THE TOP HALF OF THE SENIOR CLASS. STANDARDIZED TEST SCORES SHOULD BE AT LEAST 18 FOR THE ACT COMPOSITE OR, FOR THE SAT COMBINED CRITICAL READING AND MATH SCORES, AT LEAST 850. STUDENTS ENROLLED IN COLLEGE SHOULD PRESENT COLLEGE GPAS THAT RANGE FROM 2.50 TO 4.00 ON A 4.00 SCALE, IN ADDITION TO HAVING THE PROPER HIGH SCHOOL CREDENTIALS. ISTS VERIFIES ACADEMIC ELIGIBILITY BY REQUIRING ALL APPLICANTS TO SUBMIT HIGH SCHOOL AND ANY AVAILABLE COLLEGE TRANSCRIPTS ALONG WITH THEIR APPLICATION. ALL STUDENTS ARE ALSO REQUIRED TO SUBMIT A COPY OF THEIR ACT OR SAT SCORES AS RECEIVED FROM ACT OR THE COLLEGE BOARD. ONLY THOSE APPLICANTS WHO INCLUDE THEIR TRANSCRIPTS AND PROOF OF TEST SCORES HAVE WHAT IS CONSIDERED A COMPLETE APPLICATION, THAT IS THEN REVIEWED BY THE SELECTION COMMITTEE. ONCE THE SELECTION COMMITTEE COMPILES ITS LIST OF RECOMMENDED WINNERS (AND A NUMBER OF ALTERNATES) IT IS SENT TO MICHIGAN RETAILERS, WHERE A STAFF MEMBER VERIFIES BUSINESS MEMBERSHIP AND LENGTH OF EMPLOYMENT ELIGIBILITY. BUSINESS MEMBERSHIP IN MICHIGAN RETAILERS IS VERIFIED BY CHECKING IN 4D, OUR MEMBERSHIP DATABASE SOFTWARE. ONCE IT IS VERIFIED THAT AN EMPLOYER IS A MEMBER OF MICHIGAN RETAILERS, A PHONE CALL IS MADE TO THE BUSINESS TO VERIFY CURRENT EMPLOYMENT AND HOW LONG THE EMPLOYEE HAS BEEN THERE. IN THE EVENT OF A RECIPIENT BEING EMPLOYED BY ONE OF OUR MAJOR MEMBERS, AN EMAIL IS SENT TO THE CONTACT AT THE COMPANY TO VERIFY EMPLOYMENT. AFTER RECIPIENTS HAVE BEEN SELECTED FOR SCHOLARSHIPS, ISTS MAILS THE MONEY TO THEM IN CHECK FORM IN TWO INSTALLMENTS. HALF OF THE AWARD IS MAILED ON AUGUST 1 (FOR THE FALL SEMESTER) AND THE OTHER HALF IS MAILED ON DECEMBER 1 (FOR THE SPRING SEMESTER). THE CHECKS ARE MAILED TO THE STUDENT'S HOME ADDRESS AND THEY ARE MADE OUT TO THE COLLEGE OR UNIVERSITY. IT IS THE STUDENT'S RESPONSIBILITY TO TAKE THE CHECK TO THE SCHOOL'S FINANCIAL AID OFFICE ONCE IT IS RECEIVED.
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0JAMES P. HALLAN 0 25,000 0
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation1MICHIGAN RETAILERS FOUNDATION RELIES ON ITS RELATED ORGANIZATION TO DETERMINE THE COMPENSATION FOR THE OFFICERS OF THE ORGANIZATION. THE RELATED ORGANIZATION UTILIZES A COMPENSATION COMMITTEE, INDEPENDENT CONSULTANTS, REVIEWING OTHER ORGANIZATIONS' 990S, COMPENSATION SURVEYS, AND FINAL APPROVAL BY THE RELATED ORGANIZATION'S BOARD OF DIRECTORS. THE COMPENSATION REVIEW PROCESS IS PERFORMED ANNUALLY.
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier0SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier1OTHER ADDITIONAL INFORMATION
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference0SCHEDULE J, PAGE 1, PART I, LINE 4
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference1SCHEDULE J, PART III
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IRS990ScheduleO/GeneralExplanation/Explanation0ALL LINES LEFT BLANK ARE NOT APPLICABLE TO THE ORGANIZATION.
IRS990ScheduleO/GeneralExplanation/Explanation1A COPY OF THE FORM 990 WAS EMAILED TO MICHIGAN RETAILERS FOUNDATION BOARD MEMBERS FOR THEIR REVIEW. BOARD MEMBERS HAD TEN BUSINESS DAYS TO REVIEW, ASK QUESTIONS OR REPORT CONCERNS BEFORE THE FORM 990 WAS FILED.
IRS990ScheduleO/GeneralExplanation/Explanation2BOARD MEMBERS ARE ANNUALLY REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY. POTENTIAL CONFLICTS, IF ANY, ARE DISCLOSED IN THE NORMAL COURSE OF BUSINESS, ARE REPORTED, AND ABSTENTION OF VOTE ON TOPICS WHEN REQUIRED.
IRS990ScheduleO/GeneralExplanation/Explanation3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation4THE FOLLOWING OFFICERS AND DIRECTORS PROVIDE SERVICES TO BOTH MICHIGAN RETAILERS ASSOCIATION FOUNDATION AND RELATED ORGANIZATIONS. BELOW IS THE AVERAGE NUMBER OF HOURS DEVOTED TO THE RELATED ORGANIZATIONS: JAMES HALLAN - 39 HOURS JEAN SARASIN - 39 HOURS BARBARA STEIN - 1 HOUR JOE SWANSON - 1 HOUR DAN MARSHALL - 1 HOUR JOSEPH MCCURRY - 1 HOUR PETER SOBELTON - 1 HOUR TOM UNGRODT - 1 HOUR
IRS990ScheduleO/GeneralExplanation/Identifier0ADDITIONAL INFORMATION
IRS990ScheduleO/GeneralExplanation/Identifier1ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier2ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier3GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/Identifier4RELATED ORGANIZATIONS
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PAGE 7, PART VII
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IRS990ScheduleR/Form990ScheduleRPartIV/NameOfRelatedOrg/BusinessNameLine11MRA MULTIPLE EMPLOYER WELFARE TRUST
IRS990ScheduleR/Form990ScheduleRPartIV/NameOfRelatedOrg/BusinessNameLine12RETAILERS MUTUAL INSURANCE COMPANY
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IRS990ScheduleR/Form990ScheduleRPartIV/PrimaryActivity2INSURANCE
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Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,244,276
Liabilities
$5,772
Net assets
$1,238,504
Revenue
-
Expenses
$83,818
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.28$0.00$2.28$0.12$0.11$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.99$0.37$0.10$0.27
2022Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.88$0.10$0.11$0.00
2021Detailed filing. Detailed filing data is available for this year.$2.17$0.00$2.17$0.12$0.10$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$0.18$0.09$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$0.11$0.09$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$0.32$0.08$0.24
2017Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$0.12$0.07$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.32$0.04$0.08$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.38$0.00$1.38$0.09$0.08$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.50$0.04$1.46$0.12$0.08$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.00$1.32$0.18$0.08$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.01$1.24$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.00$1.26$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.00$1.04$0.06