Civic Intelligence

Invest Michigan

990 • Fiscal year 2019 • EIN 46-3865120

Apr 01, 2018 to Mar 31, 2019 • Filed on Aug 12, 2019

Organization ProfileWWW.INVESTMICHIGAN.ORG

View Organization Page

500 Griswold No 1640Detroit, MI 48226

(313) 456-9413

Siviq Scores

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

Liabilities / Assets

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

10th percentile

0.02x

Higher debt load relative to revenue than 10% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

97th percentile

86%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

57th percentile

$198,765

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

92nd percentile

41%

Faster asset growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

549%

Faster revenue growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$13,816,641

Up $4,040,561 (+41%) from 2018

Net Assets

Up

$13,740,976

Up $4,065,790 (+42%) from 2018

Liabilities

Down

$75,665

Down $25,229 (-25%) from 2018

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin97th percentile

Revenue

Up

$4,091,653

Up $3,461,541 (+549%) from 2018

Expenses

Up

$592,814

Up $35,972 (+6.5%) from 2018

Net Income

Up

$3,498,839

Up $3,425,569 (+4675%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$20M$15M$10M$5.0M$0Assets 2015: $2,466,512Liabilities 2015: $2,455,930Net Assets 2015: $10,5822015Assets 2016: $6,864,250Liabilities 2016: $6,792,524Net Assets 2016: $71,7262016Assets 2017: $9,508,431Liabilities 2017: $9,218,011Net Assets 2017: $290,4202017Assets 2018: $9,776,080Liabilities 2018: $100,894Net Assets 2018: $9,675,1862018Assets 2019: $13,816,641Liabilities 2019: $75,665Net Assets 2019: $13,740,9762019Assets 2020: $15,463,449Liabilities 2020: $454,865Net Assets 2020: $15,008,5842020Assets 2021: $15,931,853Liabilities 2021: $752,938Net Assets 2021: $15,178,9152021Assets 2022: $16,280,622Liabilities 2022: $17,164Net Assets 2022: $16,263,4582022Assets 2023: $16,125,245Liabilities 2023: $46,024Net Assets 2023: $16,079,2212023Assets 2024: $14,987,401Liabilities 2024: $20,637Net Assets 2024: $14,966,7642024Assets 2025: $13,797,677Liabilities 2025: $15,022Net Assets 2025: $13,782,6552025

Highlighted filing

2019

Assets$13,816,641
Liabilities$75,665
Net Assets$13,740,976
Open 2019 Filing

Operations Trend

Revenue Growth99th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $431,045Expenses 2015: $420,513Net Income 2015: $10,5322015Revenue 2016: $427,871Expenses 2016: $347,901Net Income 2016: $79,9702016Revenue 2017: $336,307Expenses 2017: $469,488Net Income 2017: -$133,1812017Revenue 2018: $630,112Expenses 2018: $556,842Net Income 2018: $73,2702018Revenue 2019: $4,091,653Expenses 2019: $592,814Net Income 2019: $3,498,8392019Revenue 2020: $991,918Expenses 2020: $960,798Net Income 2020: $31,1202020Revenue 2021: $331,402Expenses 2021: $805,070Net Income 2021: -$473,6682021Revenue 2022: -$309,731Expenses 2022: $722,704Net Income 2022: -$1,032,4352022Revenue 2023: $87,646Expenses 2023: $586,605Net Income 2023: -$498,9592023Revenue 2024: -$659,221Expenses 2024: $434,761Net Income 2024: -$1,093,9822024Revenue 2025: -$462,741Expenses 2025: $362,353Net Income 2025: -$825,0942025

Highlighted filing

2019

Revenue$4,091,653
Expenses$592,814
Net Income$3,498,839
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2018 to Mar 31, 2019
Signed
Aug 12, 2019
Return Version
2018v3.1
Gross Receipts
$6,825,123
Mission and Program Overview

Mission

To enhance technological innovation by creating a nurturing environment designed to attract start-up and emerging technology-oriented businesses in michigan.

To enhance technological innovation by creating a supportive financing environment in mi.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$5,320,193$9,084,849▲ $3,764,656
Savings and Temporary Cash Investments$1,804,723$2,611,523▲ $806,800
Investments Other Securities$2,457,588$1,981,098▼ $476,490
Cash and Non-Interest-Bearing Accounts$34,151$41,001▲ $6,850
Prepaid Expenses and Deferred Charges$171$1,006▲ $835
Total Assets$9,776,080$13,816,641▲ $4,040,561
Other Assets Total$159,254$97,164▼ $62,090
Liabilities
Accounts Payable and Accrued Expenses$100,894$75,665▼ $25,229
Total Liabilities$100,894$75,665▼ $25,229
Net Assets / Fund Balance
Unrestricted Net Assets$6,211,893$10,232,775▲ $4,020,882
Temporarily Rstr Net Assets$3,463,293$3,508,201▲ $44,908
Total Net Assets Fund Balance$9,675,186$13,740,976▲ $4,065,790
Total Liabilities and Net Assets / Fund Balance$9,776,080$13,816,641▲ $4,040,561

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$9,084,849--
Other Securities$1,981,098--
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles MoretPresidentFT$165,000$33,765$198,765
Prem BodagalaProgram DirectorFT$106,077$7,139$113,216
James TenzilloProgram DirectorFT$103,077$4,668$107,745

Board Members and Trustees

NameTitle
Andrea DicksonDirector
David GregorkaDirector
Marianne FeyDirector
Martin DoberTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,850,000
Program Service Revenue
$0
Investment Income
$165,570
Other Revenue
$76,083
Change in Net Assets
$3,498,839

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,091,653
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$566,951
Total Revenue per Audited Statements
$4,658,604
Total Revenue per Form 990
$4,091,653
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$462,131
Other Expenses$130,683
Total Fundraising Expense$4,912
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$213,005$43-$213,048
Current Officers, Directors, Trustees, and Key Employees$159,021$35,778$3,966$198,765
Payroll Taxes$32,333$3,031$335$35,699
Occupancy$30,654$1,971$220$32,845
Fees for Services Other$21,029$1,971$218$23,218
Travel$18,334--$18,334
Other Employee Benefits$14,193$384$42$14,619
Advertising$8,524--$8,524
Insurance$7,499$482$54$8,035
Other Expenses$6,508$418$47$6,973
Office Expenses$4,120$264$30$4,414
Total Functional Expenses$543,560$44,342$4,912$592,814

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$592,814
Total Expenses per Audited Statements$592,814
Total Expenses per Form 990$592,814
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
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
Yes
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 A, Line 4

“The board of directors amended the by-laws to give the finance and operations committee the responsibility of oversight of the process of valuation of the organization's portfolio and review and acceptance of the report of the valuation committee as to the valuation of portfolio investments.”

Form 990, Part VI, Section A, Line 8B

“The organization does not have any committees that act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“The board of directors engages a certified public accounting firm to prepare the form 990. Upon completion, it is reviewed by the board of directors and the organization's president.”

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

“All possible conflicts of interest must be disclosed. The board or committee shall determine by a majority vote of the disinterested directors whether the transaction is fair and reasonable and shall make its decision as to whether to enter into the transaction or arrangement in conformity with such determination.”

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

“The president's salary and benefit package is subject to annual review and approval by the board of directors.”

Form 990, Part VI, Section C, Line 19

“Requests for access to documents, which by law are open to public access, may be made by application to the organization.”

Filing and Contact Details

Filer

Filer Name
Invest Michigan
EIN
46-3865120
Phone
3134569413
Address
500 GRISWOLD NO 1640, DETROIT, MI 48226

Signing Officer

Name
Charles Moret
Title
President
Phone
3134569413
Signed
2019-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Moret
Formed
2013
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
4
Employees
3
Volunteers
47

Preparer

Firm
Boisvenu & Company Pc
Address
30600 TELEGRAPH ROAD SUITE 1300, BINGHAM FARMS, MI 48025
Preparer
Michael B Boisvenu
Phone
2486477200
Raw XML AppendixShowing 400 of 431 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/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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IRS990ScheduleA/First5Years170Ind0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0877950
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0420006
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0341191
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0420513
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05909660
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0150695
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0154936
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt080683
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt070680
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02443
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0459437
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0169172
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt05909660
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03850000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0877950
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0420006
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0341191
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0420513
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05909660
IRS990ScheduleA/TotalSupportAmt06369097
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0592814
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt09084849
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NON-PUBLICLY TRADED DEBT & EQUITY SECURITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0566951
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01981098
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0566951
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04091653
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt09084849
IRS990ScheduleD/TotalBookValueSecuritiesAmt01981098
IRS990ScheduleD/TotalExpensesPerForm990Amt0592814
IRS990ScheduleD/TotalRevenuePerForm990Amt04091653
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04658604
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0592814
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0165000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount024750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt09015
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHARLES MORET
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0198765
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS AMENDED THE BY-LAWS TO GIVE THE FINANCE AND OPERATIONS COMMITTEE THE RESPONSIBILITY OF OVERSIGHT OF THE PROCESS OF VALUATION OF THE ORGANIZATION'S PORTFOLIO AND REVIEW AND ACCEPTANCE OF THE REPORT OF THE VALUATION COMMITTEE AS TO THE VALUATION OF PORTFOLIO INVESTMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ENGAGES A CERTIFIED PUBLIC ACCOUNTING FIRM TO PREPARE THE FORM 990. UPON COMPLETION, IT IS REVIEWED BY THE BOARD OF DIRECTORS AND THE ORGANIZATION'S PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL POSSIBLE CONFLICTS OF INTEREST MUST BE DISCLOSED. THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION IS FAIR AND REASONABLE AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PRESIDENT'S SALARY AND BENEFIT PACKAGE IS SUBJECT TO ANNUAL REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REQUESTS FOR ACCESS TO DOCUMENTS, WHICH BY LAW ARE OPEN TO PUBLIC ACCESS, MAY BE MADE BY APPLICATION TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt03463293
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03508201
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09776080
IRS990/TotalAssetsEOYAmt013816641
IRS990/TotalAssetsGrp/BOYAmt09776080
IRS990/TotalAssetsGrp/EOYAmt013816641
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt03850000
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04912
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044342
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0543560
IRS990/TotalFunctionalExpensesGrp/TotalAmt0592814
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0100894
IRS990/TotalLiabilitiesEOYAmt075665
IRS990/TotalLiabilitiesGrp/BOYAmt0100894
IRS990/TotalLiabilitiesGrp/EOYAmt075665
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09675186
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013740976
IRS990/TotalOtherCompensationAmt020822
IRS990/TotalProgramServiceExpensesAmt0543560
IRS990/TotalReportableCompFromOrgAmt0398904
IRS990/TotalRevenueGrp/ExclusionAmt0165570
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt076083
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04091653
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt047
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09776080
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013816641
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt018334
IRS990/TravelGrp/TotalAmt018334
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt06211893
IRS990/UnrestrictedNetAssetsGrp/EOYAmt010232775
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0500 GRISWOLD NO 1640
IRS990/USAddress/CityNm0DETROIT
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048226
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.INVESTMICHIGAN.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES MORET
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,816,641
Liabilities
$75,665
Net assets
$13,740,976
Revenue
$4,091,653
Expenses
$592,814
Net income
$3,498,839
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$0.02$13.8$0.46$0.36$0.83
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.0$0.02$15.0$0.66$0.43$1.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.1$0.05$16.1$0.09$0.59$0.50
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.3$0.02$16.3$0.31$0.72$1.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.9$0.75$15.2$0.33$0.81$0.47
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.5$0.45$15.0$0.99$0.96$0.03
2019Detailed filing. Detailed filing data is available for this year.$13.8$0.08$13.7$4.09$0.59$3.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.78$0.10$9.68$0.63$0.56$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.51$9.22$0.29$0.34$0.47$0.13
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.86$6.79$0.07$0.43$0.35$0.08
2015Detailed filing. Detailed filing data is available for this year.$2.47$2.46$0.01$0.43$0.42$0.01