Civic Intelligence

Mpc Legacy Foundation

990 • Fiscal year 2016 • EIN 46-2335572

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 20, 2018

Organization ProfileN/A
1310 Ashman StreetMidland, MI 48640

(989) 835-6759

Siviq Scores

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

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

41st percentile

0.24x

Higher debt load relative to revenue than 41% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

90th percentile

39%

Higher net margin than 90% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

78th percentile

12%

Faster asset growth than 78% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

56th percentile

4.6%

Faster revenue growth than 56% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$32,230,226

Up $3,453,837 (+12%) from 2015

Net Assets

Up

$31,808,584

Up $3,191,867 (+11%) from 2015

Liabilities

Up

$421,642

Up $261,970 (+164%) from 2015

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin90th percentile

Revenue

Up

$1,771,855

Up $78,071 (+4.6%) from 2015

Expenses

Down

$1,079,527

Down $73,698 (-6.4%) from 2015

Net Income

Up

$692,328

Up $151,769 (+28%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth78th 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

2016

Assets$32,230,226
Liabilities$421,642
Net Assets$31,808,584
Open 2016 Filing

Operations Trend

Revenue Growth56th 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

2016

Revenue$1,771,855
Expenses$1,079,527
Net Income$692,328
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 20, 2018
Return Version
2016v3.1
Gross Receipts
$3,166,114
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$27,284,255$30,876,557▲ $3,592,302
Cash and Non-Interest-Bearing Accounts$1,295,591$1,177,122▼ $118,469
Accounts Receivable$132,937$132,937→ $0
Investments Other Securities$19,996--
Total Assets$28,776,389$32,230,226▲ $3,453,837
Other Assets Total$43,610$43,610→ $0
Liabilities
Accounts Payable and Accrued Expenses$159,671$421,642▲ $261,971
Total Liabilities$159,671$421,642▲ $261,971
Net Assets / Fund Balance
Permanently Rstr Net Assets$17,016,687$18,839,135▲ $1,822,448
Temporarily Rstr Net Assets$5,926,566$6,641,716▲ $715,150
Unrestricted Net Assets$5,673,465$6,327,733▲ $654,268
Total Net Assets Fund Balance$28,616,718$31,808,584▲ $3,191,866
Total Liabilities and Net Assets / Fund Balance$28,776,389$32,230,226▲ $3,453,837

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$28,616,718$476,710▲ $4,433,138-$31,808,584
2015$29,073,216$902,419▼ $206,693-$28,616,718
2014-$28,065,002▲ $1,831,701-$29,073,216
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Gilbert a HarterPresident
Arthur W KuperTrustee
Barry B 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
$476,710
Program Service Revenue
$0
Investment Income
$1,295,145
Other Revenue
$0
All Other Contributions
$245,209
Change in Net Assets
$692,328

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
Securities Publicly Traded1$205,209Fair Market Value
Total Noncash Contributions1$205,209-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,063,561
Other Expenses$15,966
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,063,561--$1,063,561
Fees for Service Investment Mgmnt Fees$9,062--$9,062
Other Expenses-$6,904-$6,904
Total Functional Expenses$1,072,623$6,904$0$1,079,527
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Memorial Presbyterian ChurchMidland, MI501c3Support$1,063,561
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
No
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

“Members of the memorial presbyterian church of midland elect one trustee to the governing board of the organization each year. The session of the memorial presbyterian church of midland elects one trustee each year. A third trustee is elected by the board of trustees.”

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

“Form 990 will be reviewed by the president and a trustee of the mpc legacy foundation. It will be shared with the board of trustees and approved for filing.”

Form 990, Page 6, Part VI, Line 12C

“Annually trustees are required to disclose their affiliation with all corporations and services on boards and report any conflicts. Submission of disclosure is tracked and monitored annually.”

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
9898356759
Address
1310 ASHMAN STREET, MIDLAND, MI 48640

Signing Officer

Name
William C Lauderbach
Title
Vice President
Phone
9898329433
Signed
2018-06-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William C Lauderbach
Formed
2012
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Yeo & Yeo Pc
Address
PO BOX 3275, SAGINAW, MI 48605
Preparer
Jamie Rivette
Phone
9897939830
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

“Reviewed financial statements were not prepared when the return was originally filed. The amended return information now matches the reviewed financial statements.”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“The intended use of endowment fund earnings is to support memorial presbyterian church.”

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USE OF ENDOWMENT FUND EARNINGS IS TO SUPPORT MEMORIAL PRESBYTERIAN CHURCH.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED FINANCIAL STATEMENTS WERE NOT PREPARED WHEN THE RETURN WAS ORIGINALLY FILED. THE AMENDED RETURN INFORMATION NOW MATCHES THE REVIEWED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE ORGANIZATION INCLUDE ALL MEMBERS IN GOOD STANDING OF THE MEMORIAL PRESBYTERIAN CHURCH OF MIDLAND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE MEMORIAL PRESBYTERIAN CHURCH OF MIDLAND ELECT ONE TRUSTEE TO THE GOVERNING BOARD OF THE ORGANIZATION EACH YEAR. THE SESSION OF THE MEMORIAL PRESBYTERIAN CHURCH OF MIDLAND ELECTS ONE TRUSTEE EACH YEAR. A THIRD TRUSTEE IS ELECTED BY THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 WILL BE REVIEWED BY THE PRESIDENT AND A TRUSTEE OF THE MPC LEGACY FOUNDATION. IT WILL BE SHARED WITH THE BOARD OF TRUSTEES AND APPROVED FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUALLY TRUSTEES ARE REQUIRED TO DISCLOSE THEIR AFFILIATION WITH ALL CORPORATIONS AND SERVICES ON BOARDS AND REPORT ANY CONFLICTS. SUBMISSION OF DISCLOSURE IS TRACKED AND MONITORED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING 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/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM C LAUDERBACH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09898329433

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,230,226
Liabilities
$421,642
Net assets
$31,808,584
Revenue
$1,771,855
Expenses
$1,079,527
Net income
$692,328
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