Liabilities / Assets
13th percentile
Higher debt load relative to assets than 13% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
84th percentile
Faster asset growth than 84% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Up$1,263,604
Up $217,711 (+21%) from 2010
Net Assets
Up$1,262,959
Up $219,039 (+21%) from 2010
Liabilities
Down$645
Down $1,328 (-67%) from 2010
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Down$59,361
Down $4,626 (-7.2%) from 2010
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2010 to Jun 30, 2011
- Signed
- Mar 2, 2012
- Return Version
- 2010v3.7
- Gross Receipts
- $104,552
Mission and Program Overview
Mission
The foundation is organized exclusively for charitable, educational, and scientific purposes, including the primary purpose of administering funds for educational and charitable purposes and the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code, or the corresponding section of any future federal code.
Filing and Contact Details
Filer
- EIN
- 38-6159732
Raw XML AppendixShowing 400 of 487 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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| IRS990ScheduleI/Form990ScheduleIPartIV/Explanation | 0 | THE 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), THE NASHVILLE, TN, 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. |
| IRS990ScheduleI/Form990ScheduleIPartIV/Identifier | 0 | PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES |
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| IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation | 1 | MICHIGAN 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. |
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| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | ALL LINES LEFT BLANK ARE NOT APPLICABLE TO THE ORGANIZATION. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | A 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/Explanation | 2 | BOARD 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/Explanation | 3 | THE PROCESS FOR DETERMINING COMPENSATION FOR CEO OF THE ORGANIZATION INVOLVES THE FOLLOWING: UTILIZING THE COMPENSATION COMMITTEE, INDEPENDENT CONSULTANTS, REVIEWING OTHER ORGANIZATIONS' 990S, COMPENSATION SURVEYS, AND FINAL APPROVAL BY THE BOARD OF DIRECTORS. THIS PROCESS IS PERFORMED ANNUALLY AND THE MOST RECENT REVIEW WAS COMPLETED IN JUNE 2011. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | THE PROCESS FOR DETERMINING COMPENSATION FOR THE EXECUTIVE VICE PRESIDENT OF THE ORGANIZATION INVOLVES THE FOLLOWING: UTILIZING THE COMPENSATION COMMITTEE, INDEPENDENT CONSULTANTS, REVIEWING OTHER ORGANIZATIONS' 990S, COMPENSATION SURVEYS, AND FINAL APPROVAL BY THE BOARD OF DIRECTORS. THIS PROCESS IS PERFORMED ANNUALLY AND THE MOST RECENT REVIEW WAS COMPLETED IN JUNE 2011. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | THE FOLLOWING OFFICERS, DIRECTORS, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES PROVIDE SERVICES TO BOTH MICHIGAN RETAILERS FOUNDATION AND RELATED ORGANIZATIONS. BELOW IS THE AVERAGE NUMBER OF HOURS DEVOTED TO THE RELATED ORGANIZATIONS: JAMES HALLAN - 40 HOURS JEAN SARASIN - 40 HOURS |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | ADDITIONAL INFORMATION |
| IRS990ScheduleO/GeneralExplanation/Identifier | 1 | ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 2 | ENFORCEMENT OF CONFLICTS POLICY |
| IRS990ScheduleO/GeneralExplanation/Identifier | 3 | COMPENSATION PROCESS FOR TOP OFFICIAL |
| IRS990ScheduleO/GeneralExplanation/Identifier | 4 | COMPENSATION PROCESS FOR OFFICERS |
| IRS990ScheduleO/GeneralExplanation/Identifier | 5 | GOVERNING DOCUMENTS DISCLOSURE EXPLANATION |
| IRS990ScheduleO/GeneralExplanation/Identifier | 6 | RELATED ORGANIZATIONS |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 5 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 6 | FORM 990, PAGE 7, PART VII |
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| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1 | 1 | 603 S WASHINGTON AVENUE |
| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City | 0 | LANSING |
| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City | 1 | LANSING |
| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State | 0 | MI |
| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State | 1 | MI |
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| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode | 1 | 48933 |
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| IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg | 1 | false |
| IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityName/BusinessNameLine1 | 0 | NA |
| IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityName/BusinessNameLine1 | 1 | MRA |
| IRS990ScheduleR/Form990ScheduleRPartII/EIN | 0 | 380830085 |
| IRS990ScheduleR/Form990ScheduleRPartII/EIN | 1 | 383547579 |
| IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection | 0 | 501(6) |
| IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection | 1 | 527 |
| IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState | 0 | MI |
| IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState | 1 | MI |
| IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine1 | 0 | MICHIGAN RETAILERS ASSOCIATION |
| IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine1 | 1 | MRA POLITICAL ACTION COMMITTEE |
| IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities | 0 | MBR SRV |
| IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities | 1 | LEGISLATIV |
| IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/AddressLine1 | 0 | 603 S WASHINGTON AVENUE |
| IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/AddressLine1 | 1 | 603 S WASHINGTON AVENUE |
| IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/AddressLine1 | 2 | 603 S WASHINGTON AVENUE |
| IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/City | 0 | LANSING |
| IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/City | 1 | LANSING |
| IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/City | 2 | LANSING |
| IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/State | 0 | MI |
| IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/State | 1 | MI |
| IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/State | 2 | MI |
| IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/ZIPCode | 0 | 48933 |
| IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/ZIPCode | 1 | 48933 |
| IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/ZIPCode | 2 | 48933 |
| IRS990ScheduleR/Form990ScheduleRPartIV/DirectControllingEntityNA | 0 | N/A |
| IRS990ScheduleR/Form990ScheduleRPartIV/DirectControllingEntityNA | 1 | N/A |
| IRS990ScheduleR/Form990ScheduleRPartIV/DirectControllingEntityNA | 2 | N/A |
| IRS990ScheduleR/Form990ScheduleRPartIV/EIN | 0 | 381814245 |
| IRS990ScheduleR/Form990ScheduleRPartIV/EIN | 1 | 383090275 |
| IRS990ScheduleR/Form990ScheduleRPartIV/EIN | 2 | 203805292 |
| IRS990ScheduleR/Form990ScheduleRPartIV/LegalDomicileState | 0 | MI |
| IRS990ScheduleR/Form990ScheduleRPartIV/LegalDomicileState | 1 | MI |
| IRS990ScheduleR/Form990ScheduleRPartIV/LegalDomicileState | 2 | MI |
| IRS990ScheduleR/Form990ScheduleRPartIV/NameOfRelatedOrg/BusinessNameLine1 | 0 | MICHIGAN RETAILERS SERVICES INC |
| IRS990ScheduleR/Form990ScheduleRPartIV/NameOfRelatedOrg/BusinessNameLine1 | 1 | MRA MULTIPLE EMPLOYER WELFARE TRUST |
| IRS990ScheduleR/Form990ScheduleRPartIV/NameOfRelatedOrg/BusinessNameLine1 | 2 | RETAILERS MUTUAL INSURANCE COMPANY |
| IRS990ScheduleR/Form990ScheduleRPartIV/PrimaryActivity | 0 | MBR SERV |
| IRS990ScheduleR/Form990ScheduleRPartIV/PrimaryActivity | 1 | INSURANCE |
| IRS990ScheduleR/Form990ScheduleRPartIV/PrimaryActivity | 2 | INSURANCE |
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| IRS990ScheduleR/LoansOrGuaranteesToOtherOrg | 0 | false |
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| IRS990ScheduleR/OtherTransferToOtherOrg | 0 | false |
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| IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg | 0 | false |
| IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties | 0 | false |
| IRS990ScheduleR/ReimbursementPaidByOtherOrg | 0 | false |
| IRS990ScheduleR/ReimbursementPaidToOtherOrg | 0 | false |
| IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs | 0 | false |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $1,263,604
- Liabilities
- $645
- Net assets
- $1,262,959
- Revenue
- -
- Expenses
- $59,361
- Net income
- -