Civic Intelligence

Michigan Education Excellence Foundation

990 • Fiscal year 2014 • EIN 45-3076410

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 27, 2015

Organization ProfileN/A
PO Box 10030Lansing, MI 48901

(517) 204-3415

Siviq Scores

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

Liabilities / Assets

58th percentile

0.27x

Higher debt load relative to assets than 58% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

58th percentile

0.26x

Higher debt load relative to revenue than 58% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

81st percentile

23%

Higher net margin than 81% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

89th percentile

31%

Faster asset growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

6th percentile

-41%

Faster revenue growth than 6% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$7,599,661

Up $1,819,546 (+31%) from 2013

Net Assets

Up

$5,563,238

Up $965,474 (+21%) from 2013

Liabilities

Up

$2,036,423

Up $854,072 (+72%) from 2013

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin81st percentile

Revenue

Down

$7,732,871

Down $5,441,189 (-41%) from 2013

Expenses

Down

$5,979,897

Down $7,270,050 (-55%) from 2013

Net Income

Up

$1,752,974

Up $1,828,861 (+2410%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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 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

2014

Assets$7,599,661
Liabilities$2,036,423
Net Assets$5,563,238
Open 2014 Filing

Operations Trend

Revenue Growth6th percentile

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 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

2014

Revenue$7,732,871
Expenses$5,979,897
Net Income$1,752,974
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 27, 2015
Return Version
2014v5.0
Gross Receipts
$7,732,871
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
Other Notes and Loans Receivable, Net-$3,350,000-
Cash and Non-Interest-Bearing Accounts$1,862,847$2,721,078▲ $858,231
Pledges and Grants Receivable$3,917,268$1,528,583▼ $2,388,685
Total Assets$5,780,115$7,599,661▲ $1,819,546
Liabilities
Mortgage Notes Payable Secured by Investment Property-$1,831,116-
Escrow Account Liability$1,000,000--
Accounts Payable and Accrued Expenses$182,351$205,307▲ $22,956
Total Liabilities$1,182,351$2,036,423▲ $854,072
Net Assets / Fund Balance
Unrestricted Net Assets$555,496$3,784,655▲ $3,229,159
Temporarily Rstr Net Assets$4,042,268$1,778,583▼ $2,263,685
Total Net Assets Fund Balance$4,597,764$5,563,238▲ $965,474
Total Liabilities and Net Assets / Fund Balance$5,780,115$7,599,661▲ $1,819,546
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Steven HampChairman
Tonya AllenVice Chair
Joyce Hayes GilesDirector
Luis De La FuenteDirector
Renae MooreAsst Secretary/treasurer
Wendy WisniewskiAsst Secretary/treasurer
Carol GossEmeritus
Craig RuffEx Officio
Richard BairdSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Remington Group INCProfessional fundraiser21820 Dover Ct, Beverly Hills, MI 48025$751,217
Dykema Gossett PLLCLegal/lobbying201 Townsend, Lansing, MI 48933$474,439
Global Strategy Group LLCCommunications895 Broadway, New York, NY 10003$264,977
Veronica ConformeConsulting300 Riverplace Dr, Detroit, MI 48207$156,352
Berg Muirhead & AssocPublic relations311 Fisher Building, Detroit, MI 48202$152,198
Revenue and Support

Revenue Composition

Contributions and Grants
$7,732,871
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$7,732,871
Change in Net Assets
$1,752,974

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,732,871
Total Revenue per Audited Statements
$7,732,871
Total Revenue per Form 990
$7,732,871
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,660,705
Total Fundraising Expense$693,717
Professional Fundraising Fees$690,000
Other Expenses$629,192
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,660,705--$4,660,705
Fees for Services Professional Fundraising--$690,000$690,000
Fees for Services Legal$435,001$0$0$435,001
Fees for Services Lobbying$138,000$0$0$138,000
Interest$0$24,241$0$24,241
Fees for Services Accounting$0$10,150$0$10,150
Insurance$0$9,332$0$9,332
Other Expenses$7,627$0$0$7,627
Office Expenses$0$1,124$0$1,124
Total Functional Expenses$5,241,333$44,847$693,717$5,979,897

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,767,397
Expenses per Audited Statements$5,979,897
Total Expenses per Form 990$5,979,897
Expenses Not Reported on Form 990$787,500
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Education Achievement AuthorityDetroit, MI501(c)(3)Fund the Eaa$2,600,705
Teach For America IncNew York, NY501(c)(3)Teacher Recruit$1,000,000
Detroit Chamber FoundationDetroit, MI501(c)(3)Scholarships$750,000
Michigan Future IncAnn Arbor, MI501(c)(3)Charter Schools$200,000
Excellent Schools DetroitDetroit, MI501(c)(3)Linked Learning$110,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$690,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
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

Filer Name
Michigan Education Excellence Foundation
EIN
45-3076410
Phone
5172043415
Address
PO Box 10030, Lansing, MI 48901

Signing Officer

Name
Wendy Wisniewski
Title
Assistant Secretary/treasurer
Phone
5172043415
Signed
2015-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendy Wisniewski
Formed
2011
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
9

Preparer

Firm
Fairchild Lebel & Rice PC
Address
5123 West St Joseph, Lansing, MI 48917
Preparer
Timothy P Lebel CPA
Phone
5173215990
Supplemental Narrative

Additional Explanations

Pt VI, Line 8B

“The Foundation does not have any committees with authority to act on behalf of the governing body.”

Pt VI, Line 11B

“The Foundation provides a draft and final copy of Form 990 to each board member for review before it is filed with the IRS”

Pt VI, Line 12C

“Each director and principal officer annually signs a statement which affirms that they have received a copy of the conflict of interest policy, has agreed to comply with the policy, and understands the corporation is tax-exempt and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

Pt VI, Line 19

“The governing documents, conflict of interest policy, and the Form 990 are available upon request.”

Pt XI

“Line 9 of $(787,500) is a bad pledge loss.”

Form 990, Part III, Line 4D

“Funding to michigan future inc & excellent schools detroit 310000. 310000. 0.”

Financial Statement Notes

Pt IV, Line 2B

“At the end of 2013, the Foundation held 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 & 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 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, 2014 & 2013 and has determined that no material uncertain tax positions exist that require recognition or disclosure in the accompanying financial statements.”

Raw XML AppendixShowing 400 of 503 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/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt09332
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt024241
IRS990/InterestGrp/ProgramServicesAmt00
IRS990/InterestGrp/TotalAmt024241
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0true
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO DIRECT PRIVATE DOLLARS TO FUND IMPROVEMENTS TO PUBLIC EDUCATION IN MICHIGAN.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01831116
IRS990/NetAssetsOrFundBalancesBOYAmt04597764
IRS990/NetAssetsOrFundBalancesEOYAmt05563238
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01124
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt01124
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-787500
IRS990/OtherExpensesGrp/Desc0Other fundraising expenses
IRS990/OtherExpensesGrp/Desc1Other lobbying expenses
IRS990/OtherExpensesGrp/FundraisingAmt03717
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt17627
IRS990/OtherExpensesGrp/TotalAmt03717
IRS990/OtherExpensesGrp/TotalAmt17627
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03350000
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03917268
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01528583
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0WENDY WISNIEWSKI
IRS990/ProfessionalFundraisingInd0true
IRS990/ProgSrvcAccomActy2Grp/Desc0FUNDING TO THE DETROIT REGIONAL CHAMBER FOUNDATION FOR THE DETROIT SCHOLARSHIP FUND WHICH GIVES SCHOLARSHIPS TO ANY GRADUATE IN DETROIT TO ATTEND A TWO YEAR COMMUNITY COLLEGE
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0750000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0750000
IRS990/ProgSrvcAccomActy3Grp/Desc0FUNDING TO TEACH FOR AMERICA WHICH RECRUITS RECENT COLLEGE GRADUATES TO WORK IN LOW-INCOME COMMUNITIES AND TO SUPPLEMENT AND SUPPORT THE EXISTING TEACHERS
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01000000
IRS990/ProgSrvcAccomActy3Grp/GrantAmt01000000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0FUNDING TO MICHIGAN FUTURE INC & EXCELLENT SCHOOLS DETROIT WHICH CREATES HIGH PERFORMING CHARTER HIGH SCHOOLS WHICH CREATES HIGH PERFORMING CHARTER HIGH SCHOOLS WHICH CREATES HIGH PERFORMING CHARTER HIGH SCHOOLS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0310000
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt0310000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt013174060
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt012553838
IRS990/PYOtherExpensesAmt048609
IRS990/PYRevenuesLessExpensesAmt0-75887
IRS990/PYTotalExpensesAmt013249947
IRS990/PYTotalProfFndrsngExpnsAmt0647500
IRS990/PYTotalRevenueAmt013174060
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01752974
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Foundation's 2011 tax year is a short-year, running from 8/24/11 to 12/31/11.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Other Addl Info
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt07732871
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt013174060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt016895708
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01736991
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt039539630
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt016044364
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt023495266
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt07732871
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt013174060
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt016895708
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01736991
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt039539630
IRS990ScheduleA/TotalSupportAmt039539630
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
IRS990ScheduleC/DirectContactLegislatorsInd0false
IRS990ScheduleC/GrantsOtherOrganizationsInd0false
IRS990ScheduleC/MailingsMembersInd0false
IRS990ScheduleC/MediaAdvertisementsInd0false
IRS990ScheduleC/NotDescribedSection501c3Ind0false
IRS990ScheduleC/OtherActivitiesAmt032487
IRS990ScheduleC/OtherActivitiesInd0true
IRS990ScheduleC/PaidStaffOrManagementInd0false
IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0Expenses for contract with third party lobbying group for state lobbying efforts in support of the organization's educational purposes.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt II-B Line 1
IRS990ScheduleC/TotalLobbyingExpendituresAmt032487
IRS990ScheduleC/VolunteersInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/ExpensesNotReportedAmt0787500
IRS990ScheduleD/ExpensesSubtotalAmt05979897
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LossesReportedAmt0787500
IRS990ScheduleD/RevenueSubtotalAmt07732871
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0At the end of 2013, the Foundation held 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 & 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 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, 2014 & 2013 and has determined that no material uncertain tax positions exist that require recognition or disclosure in the accompanying financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt IV, Line 2b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt X, Line 2
IRS990ScheduleD/TotalExpensesPerForm990Amt05979897
IRS990ScheduleD/TotalRevenuePerForm990Amt07732871
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07732871
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06767397
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0PROFESSIONAL FUNDRAISER
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt07732871
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt06985371
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0REMINGTON GROUP INC 21820 DOVER BEVERLY HILLS MI
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt0747500
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedStatesCd0MI
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0Additional amounts paid to the fundraiser for mileage, parking, meals, and other related expenses totaled $3,717. These expenses are billed separately by the fundraiser.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 2b col(v)
IRS990ScheduleG/TotalGrossReceiptsAmt07732871
IRS990ScheduleG/TotalNetToOrganizationAmt06985371
IRS990ScheduleG/TotalRetainedByContractorsAmt0747500
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt02600705
IRS990ScheduleI/RecipientTable/CashGrantAmt1750000
IRS990ScheduleI/RecipientTable/CashGrantAmt21000000
IRS990ScheduleI/RecipientTable/CashGrantAmt3200000
IRS990ScheduleI/RecipientTable/CashGrantAmt4110000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FUND THE EAA
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TEACHER RECRUIT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3CHARTER SCHOOLS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Linked Learning
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Education Achievement Authority
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Detroit Chamber Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Teach For America Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Michigan Future Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Excellent Schools Detroit
IRS990ScheduleI/RecipientTable/RecipientEIN0453549646
IRS990ScheduleI/RecipientTable/RecipientEIN1382352462
IRS990ScheduleI/RecipientTable/RecipientEIN2133541913
IRS990ScheduleI/RecipientTable/RecipientEIN3383001180
IRS990ScheduleI/RecipientTable/RecipientEIN4274616034
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03022 W Grand Blvd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1One Woodward Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2315 W 36th 6th Floor
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3PO Box 130416
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt42111 Woodward Ave
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Detroit
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Detroit
IRS990ScheduleI/RecipientTable/USAddress/CityNm2New York
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Ann Arbor
IRS990ScheduleI/RecipientTable/USAddress/CityNm4Detroit

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,599,661
Liabilities
$2,036,423
Net assets
$5,563,238
Revenue
$7,732,871
Expenses
$5,979,897
Net income
$1,752,974
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
2014Detailed filing. Detailed filing data is available for this year.$7.60$2.04$5.56$7.73$5.98$1.75
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