Civic Intelligence

Bornman Educational Trust

990PF • Fiscal year 2022 • EIN 38-6592814

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 27, 2023

Organization Profile
PO Box 75000Detroit, MI 48275-7874

(313) 222-3085

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

2022 filings • <$500k nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

0.00x

Higher debt load relative to revenue than 61% of similar nonprofits.

2022 filings • <$500k nonprofits • Source year 2022

Net Margin

7th percentile

-135%

Higher net margin than 7% of similar nonprofits.

2022 filings • <$500k nonprofits • Source year 2022

Top Officer Pay

83rd percentile

$4,782

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 92.2% of source-year revenue.

2022 filings • <$500k nonprofits • Source year 2022

Asset Growth

41st percentile

-3.6%

Faster asset growth than 41% of similar nonprofits.

2022 filings • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

10th percentile

-61%

Faster revenue growth than 10% of similar nonprofits.

2022 filings • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$104,578

Down $3,851 (-3.6%) from 2021

Net Assets

$104,578

No earlier filing loaded for comparison.

Liabilities

Flat

$1

Flat from 2021

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin7th percentile

Revenue

Down

$5,187

Down $8,005 (-61%) from 2021

Expenses

Down

$12,166

Down $12,107 (-50%) from 2021

Net Income

Up

-$6,979

Up $4,102 (+37%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$300K$200K$100K$0Assets 2010: $200,365Liabilities 2010: $0Net Assets 2010: $200,3652010Assets 2011: $216,048Liabilities 2011: $0Net Assets 2011: $216,0482011Assets 2012: $198,786Liabilities 2012: $12012Assets 2013: $186,011Liabilities 2013: $1Net Assets 2013: $186,0112013Assets 2014: $172,139Liabilities 2014: $02014Assets 2015: $174,452Liabilities 2015: $1Net Assets 2015: $174,4522015Assets 2016: $159,801Liabilities 2016: $0Net Assets 2016: $159,8012016Assets 2017: $144,225Liabilities 2017: $0Net Assets 2017: $144,2252017Assets 2019: $134,979Liabilities 2019: $1Net Assets 2019: $134,9792019Assets 2020: $122,862Liabilities 2020: $1Net Assets 2020: $122,8622020Assets 2021: $108,429Liabilities 2021: $12021Assets 2022: $104,578Liabilities 2022: $1Net Assets 2022: $104,5782022Assets 2023: $99,255Liabilities 2023: $12023Assets 2024: $96,169Liabilities 2024: $0Net Assets 2024: $96,1692024

Highlighted filing

2022

Assets$104,578
Liabilities$1
Net Assets$104,578
Open 2022 Filing

Operations Trend

Revenue Growth10th percentile

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

$40K$20K$0-$20K-$40KExpenses 2010: $22,1302010Expenses 2011: $30,5052011Revenue 2012: $5,360Expenses 2012: $24,279Net Income 2012: -$18,9192012Revenue 2013: $6,160Expenses 2013: $19,246Net Income 2013: -$13,0862013Revenue 2014: $3,948Expenses 2014: $28,084Net Income 2014: -$24,1362014Revenue 2015: $6,477Expenses 2015: $3,909Net Income 2015: $2,5682015Revenue 2016: $12,012Expenses 2016: $26,955Net Income 2016: -$14,9432016Revenue 2017: $10,352Expenses 2017: $25,417Net Income 2017: -$15,0652017Revenue 2019: $8,943Expenses 2019: $25,722Net Income 2019: -$16,7792019Revenue 2020: $7,871Expenses 2020: $24,007Net Income 2020: -$16,1362020Revenue 2021: $13,192Expenses 2021: $24,273Net Income 2021: -$11,0812021Revenue 2022: $5,187Expenses 2022: $12,166Net Income 2022: -$6,9792022Revenue 2023: $4,680Expenses 2023: $10,481Net Income 2023: -$5,8012023Revenue 2024: $6,605Expenses 2024: $9,282Net Income 2024: -$2,6772024

Highlighted filing

2022

Revenue$5,187
Expenses$12,166
Net Income-$6,979
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 27, 2023
Return Version
2022v5.0
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
COMERICATrustee-$4,782-$4,782
Filing and Contact Details

Filer

Filer Name
Bornman Educational Trust
EIN
38-6592814
Phone
3132223085
Address
PO BOX 75000, DETROIT, MI 48275-7874

Signing Officer

Name
Matthew Grabowski
Title
Vice President
Phone
3132223085
Signed
2023-10-27

Preparer

Firm
Kpmg Llp
Address
60 E RIO SALADO PKWY SUITE 800, TEMPE, AZ 85281
Preparer
Bradley N Sprong
Phone
8558073423
Raw XML Appendix294 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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IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt00
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt06186
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt012432
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt013477
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt013596
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt013442
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt012991
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt012991
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt054439
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt01492
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt012432
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt013477
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt013596
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt013442
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt07678
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt01492
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt067430
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt065938
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt00
OtherIncreasesSchedule/OtherIncreasesDetail/Amt03128
OtherIncreasesSchedule/OtherIncreasesDetail/Desc0DIFFERENCE CASH AND REPORTABLE INCOME
TaxesSchedule/TaxesDetail/Amt064
TaxesSchedule/TaxesDetail/Amt1120
TaxesSchedule/TaxesDetail/CategoryTxt0FEDERAL TAX PAYMENT - PRIOR YE
TaxesSchedule/TaxesDetail/CategoryTxt1FEDERAL ESTIMATES - INCOME
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt00
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt10
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt00
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt10
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTHEW GRABOWSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03132223085
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BORNMAN EDUCATIONAL TRUST
ReturnHeader/Filer/BusinessNameControlTxt0BORN
ReturnHeader/Filer/EIN0386592814
ReturnHeader/Filer/PhoneNum03132223085
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 75000
ReturnHeader/Filer/USAddress/CityNm0DETROIT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd0482757874
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0135565207
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KPMG LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt060 E RIO SALADO PKWY SUITE 800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TEMPE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd085281
ReturnHeader/PreparerPersonGrp/PhoneNum08558073423
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRADLEY N SPRONG
ReturnHeader/ReturnTs02023-10-31T17:00:36-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$104,578
Liabilities
$1
Net assets
$104,578
Revenue
$5,187
Expenses
$12,166
Net income
-$6,979
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$0.07$0.09$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$0.00$0.05$0.10$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.05$0.12$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.00$0.13$0.24$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$0.08$0.24$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.00$1.35$0.09$0.26$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2017Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$0.10$0.25$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.60$0.00$1.60$0.12$0.27$0.15
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.74$0.00$1.74$0.06$0.04$0.03
2014Summary only. Only limited summary data is available for this year.$1.72$0.00$0.04$0.28$0.24
2013Detailed filing. Detailed filing data is available for this year.$1.86$0.00$1.86$0.06$0.19$0.13
2012Summary only. Only limited summary data is available for this year.$1.99$0.00$0.05$0.24$0.19
2011Detailed filing. Detailed filing data is available for this year.$2.16$0.00$2.16$0.31
2010Detailed filing. Detailed filing data is available for this year.$2.00$0.00$2.00$0.22
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • <$500k nonprofits