Civic Intelligence

Mpc Legacy Foundation

990 • Fiscal year 2015 • EIN 46-2335572

Jan 01, 2015 to Dec 31, 2015 • Filed on May 11, 2017

Organization ProfileN/A
1310 Ashman StreetMidland, MI 48640

(989) 839-9671

Siviq Scores

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

Liabilities / Assets

8th percentile

0.01x

Higher debt load relative to assets than 8% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

20th percentile

0.09x

Higher debt load relative to revenue than 20% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

30th percentile

-2.0%

Faster asset growth than 30% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

1st percentile

-94%

Faster revenue growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets8th percentile

Assets

Down

$28,776,389

Down $594,069 (-2.0%) from 2014

Net Assets

Down

$28,616,717

Down $456,498 (-1.6%) from 2014

Liabilities

Down

$159,672

Down $137,571 (-46%) from 2014

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin85th percentile

Revenue

Down

$1,693,784

Down $28,496,466 (-94%) from 2014

Expenses

Up

$1,153,225

Up $329,738 (+40%) from 2014

Net Income

Down

$540,559

Down $28,826,204 (-98%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$60M$40M$20M$0Assets 2014: $29,370,458Liabilities 2014: $297,243Net Assets 2014: $29,073,2152014Assets 2015: $28,776,389Liabilities 2015: $159,672Net Assets 2015: $28,616,7172015Assets 2016: $32,230,226Liabilities 2016: $421,642Net Assets 2016: $31,808,5842016Assets 2017: $36,196,102Liabilities 2017: $376,973Net Assets 2017: $35,819,1292017Assets 2018: $33,551,716Liabilities 2018: $851,329Net Assets 2018: $32,700,3872018Assets 2019: $38,214,770Liabilities 2019: $969,393Net Assets 2019: $37,245,3772019Assets 2020: $44,711,173Liabilities 2020: $1,075,641Net Assets 2020: $43,635,5322020Assets 2021: $53,014,384Liabilities 2021: $0Net Assets 2021: $53,014,3842021Assets 2022: $46,124,919Liabilities 2022: $141,672Net Assets 2022: $45,983,2472022Assets 2023: $52,141,049Liabilities 2023: $141,672Net Assets 2023: $51,999,3772023Assets 2024: $59,779,311Liabilities 2024: $141,672Net Assets 2024: $59,637,6392024

Highlighted filing

2015

Assets$28,776,389
Liabilities$159,672
Net Assets$28,616,717
Open 2015 Filing

Operations Trend

Revenue Growth1st percentile

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

$40M$30M$20M$10M$0Revenue 2014: $30,190,250Expenses 2014: $823,487Net Income 2014: $29,366,7632014Revenue 2015: $1,693,784Expenses 2015: $1,153,225Net Income 2015: $540,5592015Revenue 2016: $1,771,855Expenses 2016: $1,079,527Net Income 2016: $692,3282016Revenue 2017: $2,649,742Expenses 2017: $1,247,817Net Income 2017: $1,401,9252017Revenue 2018: $4,759,020Expenses 2018: $1,102,078Net Income 2018: $3,656,9422018Revenue 2019: $2,305,069Expenses 2019: $1,906,740Net Income 2019: $398,3292019Revenue 2020: $2,472,975Expenses 2020: $1,535,650Net Income 2020: $937,3252020Revenue 2021: $2,749,835Expenses 2021: $470,002Net Income 2021: $2,279,8332021Revenue 2022: $2,751,447Expenses 2022: $1,491,297Net Income 2022: $1,260,1502022Revenue 2023: $2,339,849Expenses 2023: $1,713,533Net Income 2023: $626,3162023Revenue 2024: $4,176,021Expenses 2024: $1,799,817Net Income 2024: $2,376,2042024

Highlighted filing

2015

Revenue$1,693,784
Expenses$1,153,225
Net Income$540,559
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$3,783,158
Mission and Program Overview

Mission

The organization's mission is to provide continued financial support to the memorial presbyterian church of midland.

To provide continued financial support to the memorial presbyterian church of midland.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$28,250,471$27,284,255▼ $966,216
Cash and Non-Interest-Bearing Accounts$858,951$1,295,591▲ $436,640
Accounts Receivable$189,657$132,937▼ $56,720
Investments Other Securities$21,304$19,996▼ $1,308
Total Assets$29,370,458$28,776,389▼ $594,069
Other Assets Total$50,075$43,610▼ $6,465
Liabilities
Accounts Payable and Accrued Expenses$297,243$159,672▼ $137,571
Total Liabilities$297,243$159,672▼ $137,571
Net Assets / Fund Balance
Permanently Rstr Net Assets$17,852,123$17,016,687▼ $835,436
Temporarily Rstr Net Assets$6,208,275$5,926,566▼ $281,709
Unrestricted Net Assets$5,012,817$5,673,464▲ $660,647
Total Net Assets Fund Balance$29,073,215$28,616,717▼ $456,498
Total Liabilities and Net Assets / Fund Balance$29,370,458$28,776,389▼ $594,069

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$29,073,216$902,419▼ $205,692-$28,616,718
2014-$28,065,002▲ $1,831,701-$29,073,216
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Gilbert a HarterPresident
Arthur W KuperTrustee
Barry GeorgeTrustee
Charles KendallTrustee
Richard C CrossTrustee
Roberta ArnoldTrustee
William SchmidtTrustee
Kirk W FisherSecretary/tr
William C LauderbachVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$908,884
Program Service Revenue
$0
Investment Income
$784,900
Other Revenue
$0
Change in Net Assets
$540,559

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,693,784
Revenue Not Reported on Form 990
$-997,057
Total Revenue per Audited Statements
$696,727
Total Revenue per Form 990
$1,693,784
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,135,785
Other Expenses$17,440
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,135,785--$1,135,785
Fees for Service Investment Mgmnt Fees-$8,807-$8,807
Other Expenses-$8,633-$8,633
Total Functional Expenses$1,135,785$17,440$0$1,153,225

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,153,225
Total Expenses per Audited Statements$1,153,225
Total Expenses per Form 990$1,153,225
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Memorial Presbyterian ChurchMidland, MI501c3Support$1,135,785
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Yes
Backup withholding compliance
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“Members of the organization include all members in good standing of the memorial presbyterian church of midland.”

Form 990, Page 6, Part VI, Line 7A

“Following the first fractional year and every year thereafter: members of the organization shall elect one trustee to the governing board of the organization. The session of the memorial presbyterian church of midland shall elect one trustee to the governing board of the organization.”

Form 990, Page 6, Part VI, Line 7B

“The bylaws of the organization may only be amended as follows: the board of trustees must first approve a proposed amendment at a regular or special meeting of the board with a quorum present, by a majority vote of the trustees then in attendance. The proposed amendment must then be submitted to and approved by the session of the memorial presbyterian church of midland, and also approved by a majority of members of the church attending an annual or special meeting of members.”

Form 990, Page 6, Part VI, Line 11B

“Form 900 will be reviewed by the financial administrator of the memorial presbyterian church and the treasurer of the mpc legacy foundation prior to submission.”

Form 990, Page 6, Part VI, Line 19

“Governing documents were presented to the congregation of the memorial presbyterian church and are a part of the minutes of those meetings which are available upon request.”

Filing and Contact Details

Filer

Filer Name
Mpc Legacy Foundation
EIN
46-2335572
Phone
9898399671
Address
1310 ASHMAN STREET, MIDLAND, MI 48640

Signing Officer

Name
Barry George
Title
Trustee
Phone
9898399671
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gilbert a Harter
Formed
2012
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Mcmahan Thomson & Associates Pc
Address
1717 RIDGEWOOD DRIVE SUITE 101, MIDLAND, MI 48642-7600
Preparer
Steven D Koehler
Phone
9896313010
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Fair value adjustment -6,465 total -6,465”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“Endowment funds are to be used to provide continued support to the memorial presbyterian church of midland.”

Schedule D, Page 4, Part XI, Line 2D

“Fair value adjustment -6,465”

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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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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0MEMORIAL PRESBYTERIAN CHURCH
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0902419
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IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-205692
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IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-990592
IRS990ScheduleD/OtherRevenueAmt0-6465
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IRS990ScheduleD/RevenueNotReportedAmt0-997057
IRS990ScheduleD/RevenueSubtotalAmt01693784
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS ARE TO BE USED TO PROVIDE CONTINUED SUPPORT TO THE MEMORIAL PRESBYTERIAN CHURCH OF MIDLAND.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FAIR VALUE ADJUSTMENT -6,465
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.59470
IRS990ScheduleD/TotalExpensesPerForm990Amt01153225
IRS990ScheduleD/TotalRevenuePerForm990Amt01693784
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0696727
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IRS990ScheduleI/RecipientTable/CashGrantAmt01135785
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MEMORIAL PRESBYTERIAN CHURCH
IRS990ScheduleI/RecipientTable/RecipientEIN0381358389
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01310 ASHMAN STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MIDLAND
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS OF THE ORGANIZATION INCLUDE ALL MEMBERS IN GOOD STANDING OF THE MEMORIAL PRESBYTERIAN CHURCH OF MIDLAND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FOLLOWING THE FIRST FRACTIONAL YEAR AND EVERY YEAR THEREAFTER: MEMBERS OF THE ORGANIZATION SHALL ELECT ONE TRUSTEE TO THE GOVERNING BOARD OF THE ORGANIZATION. THE SESSION OF THE MEMORIAL PRESBYTERIAN CHURCH OF MIDLAND SHALL ELECT ONE TRUSTEE TO THE GOVERNING BOARD OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BYLAWS OF THE ORGANIZATION MAY ONLY BE AMENDED AS FOLLOWS: THE BOARD OF TRUSTEES MUST FIRST APPROVE A PROPOSED AMENDMENT AT A REGULAR OR SPECIAL MEETING OF THE BOARD WITH A QUORUM PRESENT, BY A MAJORITY VOTE OF THE TRUSTEES THEN IN ATTENDANCE. THE PROPOSED AMENDMENT MUST THEN BE SUBMITTED TO AND APPROVED BY THE SESSION OF THE MEMORIAL PRESBYTERIAN CHURCH OF MIDLAND, AND ALSO APPROVED BY A MAJORITY OF MEMBERS OF THE CHURCH ATTENDING AN ANNUAL OR SPECIAL MEETING OF MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 900 WILL BE REVIEWED BY THE FINANCIAL ADMINISTRATOR OF THE MEMORIAL PRESBYTERIAN CHURCH AND THE TREASURER OF THE MPC LEGACY FOUNDATION PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS WERE PRESENTED TO THE CONGREGATION OF THE MEMORIAL PRESBYTERIAN CHURCH AND ARE A PART OF THE MINUTES OF THOSE MEETINGS WHICH ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FAIR VALUE ADJUSTMENT -6,465 TOTAL -6,465
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MEMORIAL PRESBYTERIAN CHURCH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0381358389
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01310 ASHMAN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MIDLAND
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IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt05926566
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt029370458
IRS990/TotalAssetsEOYAmt028776389
IRS990/TotalAssetsGrp/BOYAmt029370458
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0908884
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017440
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01135785
IRS990/TotalFunctionalExpensesGrp/TotalAmt01153225
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0297243
IRS990/TotalLiabilitiesEOYAmt0159672
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IRS990/TotalLiabilitiesGrp/EOYAmt0159672
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt028616717
IRS990/TotalProgramServiceExpensesAmt01135785
IRS990/TotalRevenueGrp/ExclusionAmt0784900
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01693784
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt029370458
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt028776389
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt05012817
IRS990/UnrestrictedNetAssetsGrp/EOYAmt05673464
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01014 PEPPERIDGE COURT
IRS990/USAddress/CityNm0MIDLAND
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IRS990/USAddress/ZIPCd0486402717
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum09898399671
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MPC LEGACY FOUNDATION
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Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,776,389
Liabilities
$159,672
Net assets
$28,616,717
Revenue
$1,693,784
Expenses
$1,153,225
Net income
$540,559
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$59.8$0.14$59.6$4.18$1.80$2.38
2023Detailed filing. Detailed filing data is available for this year.$52.1$0.14$52.0$2.34$1.71$0.63
2022Detailed filing. Detailed filing data is available for this year.$46.1$0.14$46.0$2.75$1.49$1.26
2021Detailed filing. Detailed filing data is available for this year.$53.0$0.00$53.0$2.75$0.47$2.28
2020Detailed filing. Detailed filing data is available for this year.$44.7$1.08$43.6$2.47$1.54$0.94
2019Detailed filing. Detailed filing data is available for this year.$38.2$0.97$37.2$2.31$1.91$0.40
2018Detailed filing. Detailed filing data is available for this year.$33.6$0.85$32.7$4.76$1.10$3.66
2017Detailed filing. Detailed filing data is available for this year.$36.2$0.38$35.8$2.65$1.25$1.40
2016Detailed filing. Detailed filing data is available for this year.$32.2$0.42$31.8$1.77$1.08$0.69
2015Detailed filing. Detailed filing data is available for this year.$28.8$0.16$28.6$1.69$1.15$0.54
2014Detailed filing. Detailed filing data is available for this year.$29.4$0.30$29.1$30.2$0.82$29.4