Civic Intelligence

Michigan Education Excellence Foundation

990 • Fiscal year 2013 • EIN 45-3076410

Jan 01, 2013 to Dec 31, 2013 • Filed on May 12, 2014

PO Box 1003048901

(517) 204-3415

Siviq Scores

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

Liabilities / Assets

45th percentile

0.20x

Higher debt load relative to assets than 45% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

26th percentile

0.09x

Higher debt load relative to revenue than 26% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Net Margin

32nd percentile

-0.6%

Higher net margin than 32% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Asset Growth

29th percentile

-1.2%

Faster asset growth than 29% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

96th percentile

175%

Faster revenue growth than 96% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2011 to 2013

Assets

Flat

$5,780,115

Flat from 2013

Net Assets

Flat

$4,597,764

Flat from 2013

Liabilities

Flat

$1,182,351

Flat from 2013

Revenue

Flat

$13,174,060

Flat from 2013

Expenses

Flat

$13,249,947

Flat from 2013

Net Income

Flat

-$75,887

Flat from 2013

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $1,238,823Liabilities 2011: $65,000Net Assets 2011: $1,173,8232011Assets 2012: $5,847,595Liabilities 2012: $249,083Net Assets 2012: $5,598,5122012Assets 2013: $5,780,115Liabilities 2013: $1,182,351Net Assets 2013: $4,597,7642013Assets 2013: $5,780,115Liabilities 2013: $1,182,351Net Assets 2013: $4,597,7642013Assets 2014: $7,599,661Liabilities 2014: $2,036,423Net Assets 2014: $5,563,2382014Assets 2015: $2,074,678Liabilities 2015: $268,571Net Assets 2015: $1,806,1072015Assets 2016: $1,540,381Liabilities 2016: $132,064Net Assets 2016: $1,408,3172016Assets 2017: $407,482Liabilities 2017: $50,000Net Assets 2017: $357,4822017Assets 2018: $1,375,192Liabilities 2018: $100,000Net Assets 2018: $1,275,1922018Assets 2019: $1,871,833Liabilities 2019: $75,000Net Assets 2019: $1,796,8332019Assets 2020: $542,438Liabilities 2020: $80,000Net Assets 2020: $462,4382020Assets 2021: $206,323Liabilities 2021: $150,000Net Assets 2021: $56,3232021Assets 2022: $271,261Liabilities 2022: $250,000Net Assets 2022: $21,2612022Assets 2023: $8,715Liabilities 2023: $280,175Net Assets 2023: -$271,4602023Assets 2024: $70,199Liabilities 2024: $310,175Net Assets 2024: -$239,9762024

Highlighted filing

2013

Assets$5,780,115
Liabilities$1,182,351
Net Assets$4,597,764

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $1,736,991Expenses 2011: $563,168Net Income 2011: $1,173,8232011Expenses 2012: $13,395,8802012Revenue 2013: $13,174,060Expenses 2013: $13,249,947Net Income 2013: -$75,8872013Revenue 2013: $13,174,060Expenses 2013: $13,249,947Net Income 2013: -$75,8872013Revenue 2014: $7,732,871Expenses 2014: $5,979,897Net Income 2014: $1,752,9742014Revenue 2015: $1,509,934Expenses 2015: $4,967,065Net Income 2015: -$3,457,1312015Revenue 2016: $2,178,558Expenses 2016: $1,684,524Net Income 2016: $494,0342016Revenue 2017: $1,814,584Expenses 2017: $2,865,419Net Income 2017: -$1,050,8352017Revenue 2018: $3,237,068Expenses 2018: $2,319,358Net Income 2018: $917,7102018Revenue 2019: $2,045,060Expenses 2019: $1,523,419Net Income 2019: $521,6412019Revenue 2020: $649,074Expenses 2020: $1,983,469Net Income 2020: -$1,334,3952020Revenue 2021: $242,013Expenses 2021: $648,128Net Income 2021: -$406,1152021Revenue 2022: $100,025Expenses 2022: $135,087Net Income 2022: -$35,0622022Revenue 2023: $349,837Expenses 2023: $642,558Net Income 2023: -$292,7212023Revenue 2024: $64,750Expenses 2024: $33,266Net Income 2024: $31,4842024

Highlighted filing

2013

Revenue$13,174,060
Expenses$13,249,947
Net Income-$75,887
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 12, 2014
Return Version
2013v3.1
Gross Receipts
$13,431,526
Mission and Program Overview

Mission

Dedicated to supporting innovative, transformative learning for all students in michigan, the foundation collects, invests, and distributes funds to board designated initiatives, like the detroit promise, as part of our mission to improve and reform education in michigan.

To direct private dollars to fund improvements to public education in michigan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$5,581,680$3,917,268▼ $1,664,412
Cash and Non-Interest-Bearing Accounts$265,915$1,862,847▲ $1,596,932
Total Assets$5,847,595$5,780,115▼ $67,480
Liabilities
Escrow Account Liability-$1,000,000-
Accounts Payable and Accrued Expenses$249,083$182,351▼ $66,732
Total Liabilities$249,083$1,182,351▲ $933,268
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,581,680$4,042,268▼ $1,539,412
Unrestricted Net Assets$16,832$555,496▲ $538,664
Total Net Assets Fund Balance$5,598,512$4,597,764▼ $1,000,748
Total Liabilities and Net Assets / Fund Balance$5,847,595$5,780,115▼ $67,480
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steven HampPresident
Carol GossFormer Vice President
Luis De La FuenteDirector
Tonya AllenDirector
Renae MooreAsst Secretary/treasurer
Wendy WisniewskiAsst Secretary/treasurer
Richard BairdSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Berg Muirhead & AssocPublic Relations-$986,775
Remington Group INCProfessional Fundraiser-$691,588
Revenue and Support

Revenue Composition

Contributions and Grants
$13,174,060
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$13,174,060
Change in Net Assets
$-75,887

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$482,800Stated value
Securities Publicly Traded2$257,466Market value
Total Noncash Contributions3$740,266-

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,174,060
Total Revenue per Audited Statements
$13,174,060
Total Revenue per Form 990
$13,174,060
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$12,553,838
Total Fundraising Expense$654,118
Professional Fundraising Fees$647,500
Other Expenses$48,609
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$12,553,838--$12,553,838
Fees for Services Professional Fundraising--$647,500$647,500
Fees for Services Legal$0$18,787$0$18,787
Insurance$0$9,500$0$9,500
Travel$7,155$0$0$7,155
Other Expenses$0$0$6,618$6,618
Office Expenses$178$5,152$0$5,330
Fees for Services Accounting$0$975$0$975
Information Technology$244$0$0$244
Total Functional Expenses$12,561,415$34,414$654,118$13,249,947

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,174,808
Expenses per Audited Statements$13,249,947
Total Expenses per Form 990$13,249,947
Expenses Not Reported on Form 990$924,861
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
45-3549646-501(c)(3)Fund the Eaa$10,613,838
13-3541913-501(c)(3)Teacher Recruit$690,000
38-2352462-501(c)(3)Scholarships$650,000
38-3001180-501(c)(3)Charter Schools$600,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$647,500
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
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
45-3076410
Phone
5172043415

Signing Officer

Name
Wendy Wisniewski
Title
Officer
Phone
5172043415
Signed
2014-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendy Wisniewski
Formed
2011
Legal Domicile
Mi
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
6

Preparer

Preparer
Timothy P Lebel CPA
Phone
5173215990
Supplemental Narrative

Additional Explanations

Pt VI, Line 8B

The foundatation does not have any committees with

Pt VI, Line 8B

Authority to act on behalf of the governing body.

Pt VI, Line 11B

The foundation provides a draft and final copy of the

Pt VI, Line 11B

Form 990 to each board member for review before it is

Pt VI, Line 11B

FILED WITH THE IRS.

Pt VI, Line 12C

Each director and principal officer annually signs a

Pt VI, Line 12C

Statement which affirms that they have received a copy

Pt VI, Line 12C

Of the conflict of interest policy, has read and understands

Pt VI, Line 12C

The policy, has agreed to comply with the policy, and

Pt VI, Line 12C

Understands the corporation is tax-exempt and in order

Pt VI, Line 12C

To maintain its federal tax exemption it must engage

Pt VI, Line 12C

Primarily in activities which accomplish one or more of

Pt VI, Line 12C

ITS TAX-EXEMPT PURPOSES.

Pt VI, Line 19

The governing documents, conflict of interest policy,

Pt VI, Line 19

And the form 990 are available upon request.

Pt XI

Line 9 of ($924,861) is a bad pledge loss

Form 990, Part III, Line 4D

Funding to michigan future inc which creates high 600000. 600000. 0.

Financial Statement Notes

Pt IV Line 2B

The foundation holds amounts remitted to it by the education achievement authority in an agency capacity.

Pt X Line 2

Fasb asc topic no. 740, income taxes, prescribes the minimum recognition threshold and measurement attributes for disclosure of tax positions previously taken or expected to be taken on an income tax return, in order for those tax positions to be recognized in the foundation's financial statements. Under asc topic no. 740, the

Pt X Line 2

Foundation's continued status as an exempt entity is considered to be a "tax position" in that the foundation must adhere to various requirements to remain tax-exempt. In addition, any foundation activities that may subject it to "unrelated business taxable income" are also considered tax positions. Management has analyzed the foundation's material tax positions as of december 31, 2013 and 2012 and has determined that no material uncertain tax positions exist that require recognition or disclosu

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IRS990/ProgSrvcAccomActyOtherGrp/Desc0FUNDING TO MICHIGAN FUTURE INC WHICH CREATES HIGH PERFORMING CHARTER HIGH SCHOOLS SO THAT THOUSANDS PERFORMING CHARTER HIGH SCHOOLS SO THAT THOUSANDS PERFORMING CHARTER HIGH SCHOOLS SO THAT THOUSANDS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0600000
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt0600000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt017820569
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt011880000
IRS990/PYOtherExpensesAmt0915880
IRS990/PYRevenuesLessExpensesAmt04424689
IRS990/PYTotalExpensesAmt013395880
IRS990/PYTotalProfFndrsngExpnsAmt0600000
IRS990/PYTotalRevenueAmt017820569
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-75887
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0The Foundation's 2011 tax year is a short-year, running from
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt18/24/11 to 12/31/11.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0Other Addl Info
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc1Other Addl Info
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt013174060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt016895708
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01736991
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt031806759
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt012247110
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt019559649
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt013174060
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt016895708
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01736991
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt031806759
IRS990ScheduleA/TotalSupportAmt031806759
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/ExpensesNotReportedAmt0924861
IRS990ScheduleD/ExpensesSubtotalAmt013249947
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LossesReportedAmt0924861
IRS990ScheduleD/RevenueSubtotalAmt013174060
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HOLDS AMOUNTS REMITTED TO IT BY THE EDUCATION ACHIEVEMENT AUTHORITY IN AN AGENCY CAPACITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FASB ASC TOPIC NO. 740, INCOME TAXES, PRESCRIBES THE MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTES FOR DISCLOSURE OF TAX POSITIONS PREVIOUSLY TAKEN OR EXPECTED TO BE TAKEN ON AN INCOME TAX RETURN, IN ORDER FOR THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FOUNDATION'S FINANCIAL STATEMENTS. UNDER ASC TOPIC NO. 740, THE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FOUNDATION'S CONTINUED STATUS AS AN EXEMPT ENTITY IS CONSIDERED TO BE A "TAX POSITION" IN THAT THE FOUNDATION MUST ADHERE TO VARIOUS REQUIREMENTS TO REMAIN TAX-EXEMPT. IN ADDITION, ANY FOUNDATION ACTIVITIES THAT MAY SUBJECT IT TO "UNRELATED BUSINESS TAXABLE INCOME" ARE ALSO CONSIDERED TAX POSITIONS. MANAGEMENT HAS ANALYZED THE FOUNDATION'S MATERIAL TAX POSITIONS AS OF DECEMBER 31, 2013 AND 2012 AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS EXIST THAT REQUIRE RECOGNITION OR DISCLOSU
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt IV Line 2b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt X Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt X Line 2
IRS990ScheduleD/TotalExpensesPerForm990Amt013249947
IRS990ScheduleD/TotalRevenuePerForm990Amt013174060
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013174060
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt014174808
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0PROFESSIONAL FUNDRAISER
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt013174060
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt012489060
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine10REMINGTON GROUP INC 21820 DOVER BEVERLY HILLS MI
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt0685000
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedStatesCd0MI
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt013174060
IRS990ScheduleG/TotalNetToOrganizationAmt012489060
IRS990ScheduleG/TotalRetainedByContractorsAmt0685000
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt010613838
IRS990ScheduleI/RecipientTable/CashGrantAmt1650000
IRS990ScheduleI/RecipientTable/CashGrantAmt2690000
IRS990ScheduleI/RecipientTable/CashGrantAmt3600000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FUND THE EAA
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TEACHER RECRUIT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3CHARTER SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10EDUCATION ACHIEVMENT AUTHORITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine11DETROIT CHAMBER FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine12TEACH FOR AMERICA INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine13MICHIGAN FUTURE INC
IRS990ScheduleI/RecipientTable/RecipientEIN0453549646
IRS990ScheduleI/RecipientTable/RecipientEIN1382352462
IRS990ScheduleI/RecipientTable/RecipientEIN2133541913
IRS990ScheduleI/RecipientTable/RecipientEIN3383001180
IRS990ScheduleI/RecipientTable/USAddress/AddressLine103022 W GRAND BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine11ONE WOODWARD AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine12315 W 36TH 6TH FLOOR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine13PO BOX 130416
IRS990ScheduleI/RecipientTable/USAddress/City0DETROIT
IRS990ScheduleI/RecipientTable/USAddress/City1DETROIT
IRS990ScheduleI/RecipientTable/USAddress/City2NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/City3ANN ARBOR
IRS990ScheduleI/RecipientTable/USAddress/State0MI
IRS990ScheduleI/RecipientTable/USAddress/State1MI
IRS990ScheduleI/RecipientTable/USAddress/State2NY
IRS990ScheduleI/RecipientTable/USAddress/State3MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode048202
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode148226
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode210018
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode348113
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION MONITORS EXPENDITURES BASED ON SPECIFIC OUTCOMES THAT ARE
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1EXPECTED OF THE EAA, TEACH FOR AMERICA, MICHIGAN FUTURE, INC. AND THE DETROIT
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt2REGIONAL CHAMBER FOUNDATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt I Line 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt I Line 2
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Apple gift certificates
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0Stated value
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0482800
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt02
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0Market value
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0257466
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATATION DOES NOT HAVE ANY COMMITTEES WITH
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION PROVIDES A DRAFT AND FINAL COPY OF THE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 TO EACH BOARD MEMBER FOR REVIEW BEFORE IT IS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EACH DIRECTOR AND PRINCIPAL OFFICER ANNUALLY SIGNS A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6STATEMENT WHICH AFFIRMS THAT THEY HAVE RECEIVED A COPY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9UNDERSTANDS THE CORPORATION IS TAX-EXEMPT AND IN ORDER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12ITS TAX-EXEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14AND THE FORM 990 ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15LINE 9 OF ($924,861) IS A BAD PLEDGE LOSS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16FUNDING TO MICHIGAN FUTURE INC WHICH CREATES HIGH 600000. 600000. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part III, Line 4d
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$0.07$0.31$0.24$0.06$0.03$0.03
2023Summary only. Only limited summary data is available for this year.$0.01$0.28$0.27$0.35$0.64$0.29
2022Summary only. Only limited summary data is available for this year.$0.27$0.25$0.02$0.10$0.14$0.04
2021Summary only. Only limited summary data is available for this year.$0.21$0.15$0.06$0.24$0.65$0.41
2020Summary only. Only limited summary data is available for this year.$0.54$0.08$0.46$0.65$1.98$1.33
2019Summary only. Only limited summary data is available for this year.$1.87$0.08$1.80$2.05$1.52$0.52
2018Summary only. Only limited summary data is available for this year.$1.38$0.10$1.28$3.24$2.32$0.92
2017Summary only. Only limited summary data is available for this year.$0.41$0.05$0.36$1.81$2.87$1.05
2016Summary only. Only limited summary data is available for this year.$1.54$0.13$1.41$2.18$1.68$0.49
2015Summary only. Only limited summary data is available for this year.$2.07$0.27$1.81$1.51$4.97$3.46
2014Summary only. Only limited summary data is available for this year.$7.60$2.04$5.56$7.73$5.98$1.75
2013Detailed filing. Detailed filing data is available for this year.$5.78$1.18$4.60$13.2$13.2$0.08
2013Summary only. Only limited summary data is available for this year.$5.78$1.18$4.60$13.2$13.2$0.08
2012Summary only. Only limited summary data is available for this year.$5.85$0.25$5.60$13.4
2011Summary only. Only limited summary data is available for this year.$1.24$0.07$1.17$1.74$0.56$1.17