Civic Intelligence

Advancing Macomb Foundation Inc.

990 • Fiscal year 2021 • EIN 46-2344176

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

25 North Main StreetMount Clemens, MI 48043

(586) 651-0055

Siviq Scores

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

Liabilities / Assets

76th percentile

0.07x

Higher debt load relative to assets than 76% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

76th percentile

0.07x

Higher debt load relative to revenue than 76% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

52nd percentile

9.9%

Higher net margin than 52% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

97th percentile

$83,962

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 21.6% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

70th percentile

26%

Faster asset growth than 70% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

74th percentile

45%

Faster revenue growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$343,212

Up $70,192 (+26%) from 2020

Net Assets

Up

$317,661

Up $71,974 (+29%) from 2020

Liabilities

Down

$25,551

Down $1,782 (-6.5%) from 2020

Revenue

Up

$389,002

Up $121,157 (+45%) from 2020

Expenses

Up

$350,354

Up $157,882 (+82%) from 2020

Net Income

Down

$38,648

Down $36,725 (-49%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $35,502Liabilities 2014: $02014Assets 2015: $145,358Liabilities 2015: $02015Assets 2016: $165,876Liabilities 2016: $14,269Net Assets 2016: $151,6072016Assets 2017: $182,741Liabilities 2017: $87,167Net Assets 2017: $95,5742017Assets 2018: $109,312Liabilities 2018: $16,239Net Assets 2018: $93,0732018Assets 2019: $111,031Liabilities 2019: $717Net Assets 2019: $110,3142019Assets 2020: $273,020Liabilities 2020: $27,333Net Assets 2020: $245,6872020Assets 2021: $343,212Liabilities 2021: $25,551Net Assets 2021: $317,6612021Assets 2022: $189,752Liabilities 2022: $42,273Net Assets 2022: $147,4792022Assets 2023: $1,277,378Liabilities 2023: $80,406Net Assets 2023: $1,196,9722023Assets 2024: $1,651,194Liabilities 2024: $46,792Net Assets 2024: $1,604,4022024

Highlighted filing

2021

Assets$343,212
Liabilities$25,551
Net Assets$317,661

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $35,502Expenses 2014: $0Net Income 2014: $35,5022014Revenue 2015: $164,374Expenses 2015: $79,518Net Income 2015: $84,8562015Revenue 2016: $136,451Expenses 2016: $130,202Net Income 2016: $6,2492016Revenue 2017: $263,926Expenses 2017: $319,959Net Income 2017: -$56,0332017Revenue 2018: $154,053Expenses 2018: $156,554Net Income 2018: -$2,5012018Revenue 2019: $168,902Expenses 2019: $151,661Net Income 2019: $17,2412019Revenue 2020: $267,845Expenses 2020: $192,472Net Income 2020: $75,3732020Revenue 2021: $389,002Expenses 2021: $350,354Net Income 2021: $38,6482021Revenue 2022: $208,307Expenses 2022: $403,206Net Income 2022: -$194,8992022Revenue 2023: $1,384,777Expenses 2023: $337,018Net Income 2023: $1,047,7592023Revenue 2024: $890,614Expenses 2024: $399,651Net Income 2024: $490,9632024

Highlighted filing

2021

Revenue$389,002
Expenses$350,354
Net Income$38,648
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$389,002
Mission and Program Overview

Mission

Provide continuous enrichment to macomb county communities, add value to the lives of residents and create an enriching environment to live, learn, recreate, innovate, and conduct business.

To strengthen macomb county by connecting community challenges with high impact solutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$234,421$262,814▲ $28,393
Accounts Receivable$35,482$79,481▲ $43,999
Prepaid Expenses and Deferred Charges$3,117$917▼ $2,200
Total Assets$273,020$343,212▲ $70,192
Liabilities
Accounts Payable and Accrued Expenses$27,333$25,551▼ $1,782
Total Liabilities$27,333$25,551▼ $1,782
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$185,687$257,661▲ $71,974
Net Assets With Donor Restrictions$60,000$60,000→ $0
Total Net Assets Fund Balance$245,687$317,661▲ $71,974
Total Liabilities and Net Assets / Fund Balance$273,020$343,212▲ $70,192
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Diane BanksExecutive DirectorFT$83,962$83,962

Board Members and Trustees

NameTitle
Jim SawyerChair
John BlanchardVice Chair
Barbara RossmannDirector
Brian PilarskiDirector
David GirodatDirector
Gayle JosephDirector
John NitzDirector
Kathleen KleinDirector
Kelley LovatiDirector
Kelly WaltersDirector
Lauren BroschDirector
Mark CullenDirector
Martin MannaDirector
Matt CaseyDirector
Mick BrodyDirector
Stacy ZiarkoDirector
Tanisha SandersDirector
Thom LipariDirector
Tom BrisseDirector
Tomara NolenDirector
William J Mott JrDirector
Maria SilamianosSecretary
Paul TrulikTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$384,969
Program Service Revenue
$800
Investment Income
$147
Other Revenue
$3,086
All Other Contributions
$384,969
Change in Net Assets
$38,648

Audited Revenue Reconciliation

Revenue per Audited Statements
$389,002
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$33,326
Total Revenue per Audited Statements
$422,328
Total Revenue per Form 990
$389,002
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$229,115
Salaries, Compensation, and Employee Benefits$121,239
Total Fundraising Expense$24,448
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$58,773$8,396$16,792$83,961
Other Salaries and Wages$26,094$3,728$7,456$37,278
Advertising$27,609--$27,609
Fees for Services Accounting-$14,625-$14,625
Fees for Services Legal-$7,701-$7,701
Conferences and Meetings$3,883--$3,883
Occupancy$2,700$300-$3,000
Insurance-$1,595-$1,595
Office Expenses$547$61-$608
Other Expenses$595$100$200$595
All Other Expenses$140--$140
Total Functional Expenses$289,135$36,771$24,448$350,354

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$350,353
Total Expenses per Audited Statements$350,353
Total Expenses per Form 990$350,353
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Business relationship with 35% controlled entity
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
Yes
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, Part VI, Section B, Line 11B

Executive director gives form 990 to the board prior to filing

Form 990, Part VI, Section B, Line 12C

Board members have to inform the board of any conflicts of interest when they arise and also the board reviews on an annual basis.

Form 990, Part VI, Section B, Line 15A

Executive compensation is reviewed and set by the board.

Form 990, Part VI, Section C, Line 19

The form 990 is available for public inspection on the guidestar website and in the administrative office.

Filing and Contact Details

Filer

Filer Name
Advancing Macomb Foundation Inc
EIN
46-2344176
Phone
5866510055
Address
25 NORTH MAIN STREET, MOUNT CLEMENS, MI 48043

Signing Officer

Name
Diane Banks
Title
Executive Director
Phone
5866510055
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diane Banks
Formed
2014
Legal Domicile
Mi
Voting Board Members
24
Independent Board Members
23
Employees
3
Volunteers
0

Preparer

Firm
Uhy Advisors Mi Inc
Address
455 E EISENHOWER SUITE 102, ANN ARBOR, MI 48108
Preparer
Michael Santicchia
Phone
7342131040
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from income tax under provisions of internal revenue code section 501(c)(3). Asc guidance regarding accounting for uncertainty in income taxes clarifies the accounting for income taxes prescribing the minimum recognition threshold an income tax position is required to meet before being recognized in the financial statements and applies to all income tax positions. Each income tax position is assessed using a two-step process. A determination is first made as to whether it is more likely than not that the income tax position will be sustained, based upon techincal merits, upon examination by the taxing authorities. If the income tax position is expected to meet the more likely than not criteria, the benefit recorded in the financial statements equals the largest amount that is greater than 50% likely to be realized upon its ultimate settlement. At december 31, 2021 and 2020, the organization believes that it has been operating within its tax-exempt status and has no unrelated business income.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02014
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0389002
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt023
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01595
IRS990/InsuranceGrp/TotalAmt01595
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0147
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO STRENGTHEN MACOMB COUNTY BY CONNECTING COMMUNITY CHALLENGES WITH HIGH IMPACT SOLUTIONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0245687
IRS990/NetAssetsOrFundBalancesEOYAmt0317661
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0185687
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0257661
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0300
IRS990/OccupancyGrp/ProgramServicesAmt02700
IRS990/OccupancyGrp/TotalAmt03000
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt061
IRS990/OfficeExpensesGrp/ProgramServicesAmt0547
IRS990/OfficeExpensesGrp/TotalAmt0608
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAMS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt0200
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0265
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1100
IRS990/OtherExpensesGrp/ProgramServicesAmt0165710
IRS990/OtherExpensesGrp/ProgramServicesAmt12384
IRS990/OtherExpensesGrp/ProgramServicesAmt2700
IRS990/OtherExpensesGrp/ProgramServicesAmt3595
IRS990/OtherExpensesGrp/TotalAmt0165710
IRS990/OtherExpensesGrp/TotalAmt12649
IRS990/OtherExpensesGrp/TotalAmt21000
IRS990/OtherExpensesGrp/TotalAmt3595
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03086
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03086
IRS990/OtherRevenueTotalAmt03086
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt07456
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03728
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt026094
IRS990/OtherSalariesAndWagesGrp/TotalAmt037278
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03117
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0917
IRS990/PrincipalOfficerNm0DIANE BANKS
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IRS990/ProgSrvcAccomActy2Grp/Desc0IN 2021, WE HELD 20 PROFESSIONAL DEVELOPMENT AND NETWORKING EVENTS FOR NONPROFIT LEADERS ADDRESSING A VARIETY OF TOPICS. ADDITIONALLY WE CONVENED AND LED COLLABORATIVE EFFORTS AROUND YOUTH DEVELOPMENT AND LONG TERM DISASTER RECOVERY.
IRS990/ProgSrvcAccomActy3Grp/Desc0WE SUPPORTED OR LED FUNDRAISING EFFORTS FOR 3 PROJECTS RELATED TO RECREATION, AFTERSCHOOL PROGRAMMING AND PLACEMAKING. WE RAISED $233,000 AND HAVE ANOTHER $250,000 COMMITTE
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IRS990/PYTotalExpensesAmt0192472
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0267845
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt038648
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0419095
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0168863
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0154000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0263843
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01265419
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0147
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt055
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt039
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt053
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt083
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0377
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt07050
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99970
IRS990ScheduleA/PublicSupportPY170Pct00.99970
IRS990ScheduleA/PublicSupportTotal170Amt01265419
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0419095
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0259618
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0168863
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0154000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0263843
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01265419
IRS990ScheduleA/TotalSupportAmt01265796
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt033326
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0350353
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt033326
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00

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