Civic Intelligence

Mpc Legacy Foundation

990 • Fiscal year 2017 • EIN 46-2335572

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 13, 2020

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.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

30th percentile

0.14x

Higher debt load relative to revenue than 30% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

92nd percentile

53%

Higher net margin than 92% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

74th percentile

12%

Faster asset growth than 74% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

88th percentile

50%

Faster revenue growth than 88% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$36,196,102

Up $3,965,876 (+12%) from 2016

Net Assets

Up

$35,819,129

Up $4,010,545 (+13%) from 2016

Liabilities

Down

$376,973

Down $44,669 (-11%) from 2016

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin92nd percentile

Revenue

Up

$2,649,742

Up $877,887 (+50%) from 2016

Expenses

Up

$1,247,817

Up $168,290 (+16%) from 2016

Net Income

Up

$1,401,925

Up $709,597 (+102%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth74th 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

2017

Assets$36,196,102
Liabilities$376,973
Net Assets$35,819,129
Open 2017 Filing

Operations Trend

Revenue Growth88th 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

2017

Revenue$2,649,742
Expenses$1,247,817
Net Income$1,401,925
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 13, 2020
Return Version
2017v2.3
Gross Receipts
$3,594,321
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$30,857,571$34,987,914▲ $4,130,343
Savings and Temporary Cash Investments$1,177,122$1,144,867▼ $32,255
Investments Other Securities$18,986$18,986→ $0
Accounts Receivable$132,937$725▼ $132,212
Total Assets$32,230,226$36,196,102▲ $3,965,876
Other Assets Total$43,610$43,610→ $0
Liabilities
Accounts Payable and Accrued Expenses$421,642$376,973▼ $44,669
Total Liabilities$421,642$376,973▼ $44,669
Net Assets / Fund Balance
Permanently Rstr Net Assets$18,839,135$18,839,132▼ $3
Temporarily Rstr Net Assets$6,641,716$9,981,958▲ $3,340,242
Unrestricted Net Assets$6,327,733$6,998,039▲ $670,306
Total Net Assets Fund Balance$31,808,584$35,819,129▲ $4,010,545
Total Liabilities and Net Assets / Fund Balance$32,230,226$36,196,102▲ $3,965,876

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$31,862,521$26,301▲ $5,178,124-$35,819,129
2016$28,616,718$310,847▲ $4,098,376-$31,862,521
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
William C LauderbachChairperson
Kirk W FisherVice Chair/t
Arthur W KuperTrustee
Charles KendallTrustee
Gilbert a HarterTrustee
Richard C CrossTrustee
Roberta ArnoldTrustee
William SchmidtTrustee
Barry B GeorgeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$26,301
Program Service Revenue
$0
Investment Income
$2,623,441
Other Revenue
$0
All Other Contributions
$26,301
Change in Net Assets
$1,401,925
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,238,369
Other Expenses$9,448
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,238,369--$1,238,369
Other Expenses-$5,348-$5,348
Fees for Service Investment Mgmnt Fees$4,100--$4,100
Total Functional Expenses$1,242,469$5,348$0$1,247,817
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Memorial Presbyterian ChurchMidland, MI501c3Support$1,238,369
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
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

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 financial administrator of the memorial presbyterian church of midland, the treasurer, two trustees of the mpc legacy foundation board prior to submission to the board of trustees, who will review the same prior to signature and submission”

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
Chairperson
Phone
9898329433
Signed
2020-03-13
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
12

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. This explanation covers amendments made at the following parts/schedules: form 990 - part i, part iii, part viii, part ix, part x, part xi, part xii; schedule a; schedule d; schedule i, schedule o, schedule r”

Financial Statement Notes

Schedule D, Page 4, Part XIII

“Schedule d, part v, line 4 - the intended use of endowment fund earnings is to support the memorial presbyterian church.”

Raw XML AppendixShowing 400 of 422 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0421642
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0376973
IRS990/AccountsReceivableGrp/BOYAmt0132937
IRS990/AccountsReceivableGrp/EOYAmt0725
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE ORGANIZATION'S MISSION IS TO PROVIDE CONTINUED FINANCIAL SUPPORT TO THE MEMORIAL PRESBYTERIAN CHURCH OF MIDLAND.
IRS990/AllOtherContributionsAmt026301
IRS990/AmendedReturnInd0X
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0BARRY B GEORGE
IRS990/BooksInCareOfDetail/PhoneNum09898356759
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01310 ASHMAN ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0MIDLAND
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd048640
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt026301
IRS990/CYGrantsAndSimilarPaidAmt01238369
IRS990/CYInvestmentIncomeAmt02623441
IRS990/CYOtherExpensesAmt09448
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt01401925
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01247817
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02649742
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0FINANCIAL SUPPORT PROVIDED TO THE MEMORIAL PRESBYTERIAN CHURCH OF MIDLAND.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01242469
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt04100
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt04100
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM C LAUDERBACH
IRS990/Form990PartVIISectionAGrp/PersonNm1KIRK W FISHER
IRS990/Form990PartVIISectionAGrp/PersonNm2BARRY B GEORGE
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBERTA ARNOLD
IRS990/Form990PartVIISectionAGrp/PersonNm4RICHARD C CROSS
IRS990/Form990PartVIISectionAGrp/PersonNm5GILBERT A HARTER
IRS990/Form990PartVIISectionAGrp/PersonNm6CHARLES KENDALL
IRS990/Form990PartVIISectionAGrp/PersonNm7ARTHUR W KUPER
IRS990/Form990PartVIISectionAGrp/PersonNm8WILLIAM SCHMIDT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR/T
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt01931751
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt01238369
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01238369
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01238369
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02876330
IRS990/GrossReceiptsAmt03594321
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0691690
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0691690
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt018986
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt018986
IRS990/InvestmentsPubTradedSecGrp/BOYAmt030857571
IRS990/InvestmentsPubTradedSecGrp/EOYAmt034987914
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0944579
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ORGANIZATION'S MISSION IS TO PROVIDE CONTINUED FINANCIAL SUPPORT TO THE MEMORIAL PRESBYTERIAN CHURCH OF MIDLAND.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt031808584
IRS990/NetAssetsOrFundBalancesEOYAmt035819129
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt01931751
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01931751
IRS990/NetUnrlzdGainsLossesInvstAmt02554683
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt043610
IRS990/OtherAssetsTotalGrp/EOYAmt043610
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05348
IRS990/OtherExpensesGrp/TotalAmt05348
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt018839135
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt018839132
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0WILLIAM C LAUDERBACH
IRS990/PriorPeriodAdjustmentsAmt053937
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0315209
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01049581
IRS990/PYInvestmentIncomeAmt01304208
IRS990/PYOtherExpensesAmt015965
IRS990/PYRevenuesLessExpensesAmt0553871
IRS990/PYTotalExpensesAmt01065546
IRS990/PYTotalRevenueAmt01619417
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01401925
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01177122
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01144867
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0true
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0BECAUSE ENTITY IS A CHURCH, DETERMINATION LETTER IS NOT REQUIRED.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 2
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0381358389
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd01
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01247817
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MEMORIAL PRESBYTERIAN CHURCH
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0MEMORIAL PRESBYERIAN CHURCH
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01247817
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.19540
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt04100
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt031862521
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt026301
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt035819129
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt01243717
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt05178124
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt015965
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt028616718
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0310847
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt031862521
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt01049581
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04098376
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt017439
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt029073216
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0902419
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt028616718
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01135785
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-206693
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt012726
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt028065002
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt029073216
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0810759
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01831701
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.52590
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHEDULE D, PART V, LINE 4 - THE INTENDED USE OF ENDOWMENT FUND EARNINGS IS TO SUPPORT THE MEMORIAL PRESBYTERIAN CHURCH.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XIII
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.27870
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt01238369
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MEMORIAL PRESBYTERIAN CHURCH
IRS990ScheduleI/RecipientTable/RecipientEIN0381358389
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01319 ASHMAN STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MIDLAND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd048640
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED FINANCIAL STATEMENTS WERE NOT PREPARED WHEN THE RETURN WAS ORIGINALLY FILED. THE AMENDED RETURN INFORMATION NOW MATCHES THE REVIEWED FINANCIAL STATEMENTS. THIS EXPLANATION COVERS AMENDMENTS MADE AT THE FOLLOWING PARTS/SCHEDULES: FORM 990 - PART I, PART III, PART VIII, PART IX, PART X, PART XI, PART XII; SCHEDULE A; SCHEDULE D; SCHEDULE I, SCHEDULE O, SCHEDULE R
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 FINANCIAL ADMINISTRATOR OF THE MEMORIAL PRESBYTERIAN CHURCH OF MIDLAND, THE TREASURER, TWO TRUSTEES OF THE MPC LEGACY FOUNDATION BOARD PRIOR TO SUBMISSION TO THE BOARD OF TRUSTEES, WHO WILL REVIEW THE SAME PRIOR TO SIGNATURE AND SUBMISSION
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
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MEMORIAL PRESBYTERIAN CHURCH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0381358389
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHURCH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01310 ASHMAN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MIDLAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd048640
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt06641716
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt09981958
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt032230226
IRS990/TotalAssetsEOYAmt036196102
IRS990/TotalAssetsGrp/BOYAmt032230226
IRS990/TotalAssetsGrp/EOYAmt036196102
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt026301
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05348
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01242469
IRS990/TotalFunctionalExpensesGrp/TotalAmt01247817
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0421642
IRS990/TotalLiabilitiesEOYAmt0376973
IRS990/TotalLiabilitiesGrp/BOYAmt0421642
IRS990/TotalLiabilitiesGrp/EOYAmt0376973
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt031808584
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt035819129
IRS990/TotalProgramServiceExpensesAmt01242469
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02623441
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02649742
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt032230226
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt036196102
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt06327733
IRS990/UnrestrictedNetAssetsGrp/EOYAmt06998039
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04321 JAMES DR
IRS990/USAddress/CityNm0MIDLAND
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048642
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM C LAUDERBACH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum09898329433
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MPC LEGACY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MPCL
ReturnHeader/Filer/EIN0462335572
ReturnHeader/Filer/PhoneNum09898356759
ReturnHeader/Filer/USAddress/AddressLine1Txt01310 ASHMAN STREET
ReturnHeader/Filer/USAddress/CityNm0MIDLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$36,196,102
Liabilities
$376,973
Net assets
$35,819,129
Revenue
$2,649,742
Expenses
$1,247,817
Net income
$1,401,925
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