Civic Intelligence

Weiser Charitable Foundation

990 • Fiscal year 2021 • EIN 83-2165204

Oct 01, 2020 to Sep 30, 2021 • Filed on Jan 17, 2023

PO Box 8649Ann Arbor, MI 48107-8649

(734) 769-8520

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

97th percentile

86%

Higher net margin than 97% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

98th percentile

192%

Faster asset growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Assets

Up

$11,876,991

Up $7,811,189 (+192%) from 2020

Net Assets

Up

$11,876,991

Up $7,811,189 (+192%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$9,009,221

Up $9,216,516 (+4446%) from 2020

Expenses

Up

$1,304,155

Up $1,276,102 (+4549%) from 2020

Net Income

Up

$7,705,066

Up $7,940,414 (+3374%) from 2020

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2019: $4,048,142Liabilities 2019: $0Net Assets 2019: $4,048,1422019Assets 2020: $4,065,802Liabilities 2020: $0Net Assets 2020: $4,065,8022020Assets 2021: $11,876,991Liabilities 2021: $0Net Assets 2021: $11,876,9912021Assets 2022: $8,860,139Liabilities 2022: $0Net Assets 2022: $8,860,1392022Assets 2023: $17,749,998Liabilities 2023: $0Net Assets 2023: $17,749,9982023Assets 2024: $15,975,575Liabilities 2024: $47,525Net Assets 2024: $15,928,0502024

Highlighted filing

2021

Assets$11,876,991
Liabilities$0
Net Assets$11,876,991

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2019: $4,005,663Expenses 2019: $44,168Net Income 2019: $3,961,4952019Revenue 2020: -$207,295Expenses 2020: $28,053Net Income 2020: -$235,3482020Revenue 2021: $9,009,221Expenses 2021: $1,304,155Net Income 2021: $7,705,0662021Revenue 2022: $161,004Expenses 2022: $2,392,533Net Income 2022: -$2,231,5292022Revenue 2023: $10,508,224Expenses 2023: $2,229,971Net Income 2023: $8,278,2532023Revenue 2024: $2,646,357Expenses 2024: $3,942,865Net Income 2024: -$1,296,5082024

Highlighted filing

2021

Revenue$9,009,221
Expenses$1,304,155
Net Income$7,705,066
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Jan 17, 2023
Return Version
2020v4.2
Gross Receipts
$9,009,221
Mission and Program Overview

Mission

To support and promote educational efforts, particularly in southeast michigan, as well as furthering other charitable purposes by making grants and conducting direct charitable activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,065,802$11,876,991▲ $7,811,189
Investments in Publicly Traded Securities$2,708,856$6,856,345▲ $4,147,489
Savings and Temporary Cash Investments$828,702$3,224,015▲ $2,395,313
Investments Other Securities$500,000$1,784,570▲ $1,284,570
Cash and Non-Interest-Bearing Accounts$28,244$12,061▼ $16,183
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,065,802$11,876,991▲ $7,811,189
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,065,802$11,876,991▲ $7,811,189
Total Liabilities and Net Assets / Fund Balance$4,065,802$11,876,991▲ $7,811,189

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$775,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ronald N WeiserPresident/treasurer/director
C Wendell DunbarDirector
Marie KlopfSecretary/director
Revenue and Support

Revenue Composition

Contributions and Grants
$8,701,833
Program Service Revenue
$0
Investment Income
$298,350
Other Revenue
$9,038
All Other Contributions
$8,701,833
Change in Net Assets
$7,705,066

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$7,926,822Proceeds on Sale
Secur Prtnrshp Trust Intrsts1$775,000Offer to Purchase
Total Noncash Contributions2$8,701,822-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,285,000
Other Expenses$19,155
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,285,000--$1,285,000
Fees for Services Legal-$14,036-$14,036
Fees for Service Investment Mgmnt Fees-$4,494-$4,494
Other Expenses-$625-$625
Total Functional Expenses$1,285,000$19,155$0$1,304,155
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Ann Arbor Art CenterAnn Arbor, MI501(c)(3)Capital Campaign$500,000
Metro Health Hospital FoundationWyoming, MI501(c)(3)Discharge Pharmacy Project$325,000
Mclaren Northern Michigan FoundationPetoskey, MI501(c)(3)Capital Campaign$250,000
Bay Harbor FoundationBay Harbor, MI501(c)(3)Support of Program$50,000
Dollars for ScholarsDetroit, MI501(c)(3)Support of Program$50,000
JdrfSouthfield, MI501(c)(3)Support of Program$25,000
Miles Jeffrey Roberts FoundationAnn Arbor, MI501(c)(3)Support of Program$25,000
Big Brothers Big Sisters of Northwestern MichiganTraverse City, MI501(c)(3)Support of Program$15,000
Community Action NetworkAnn Arbor, MI501(c)(3)Support of Program$15,000
Autism Alliance of MichiganBingham Farms, MI501(c)(3)Support of Program$10,000
CHILDREN'S LITERACY NETWORKAnn Arbor, MI501(c)(3)Support of Program$10,000
Girls GroupAnn Arbor, MI501(c)(3)Support of Program$10,000
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-MORE THAN 35% CONTROLLED ENTITYInvestmentNo$1,009,570
-MORE THAN 35% CONTROLLED ENTITYLoanNo$436,403
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

There is one class of members with the power to elect directors and approve major corporate actions.

Form 990, Part VI, Section A, Line 7A

Members have the power to elect members of the governing body by majority vote. Each member has one vote.

Form 990, Part VI, Section A, Line 7B

Approval by members are required for decisions regarding (i) mergers or conversion of the organization, (ii) any sale, lease, exchange or other disposition of all, or substantially all, of the property and assets of the organization, (iii) adoption, amendment and repeal of the organization's bylaws, (iv) amendment of the organization's articles of incorporation, (v) the appointment and removal of members, and (vi) the appointment and removal of members of the governing body. There is one class of members, and each member has one vote.

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

Will mail final return to all members of governing body for review.

Form 990, Part VI, Section B, Line 12

1) the organization conducts periodic reviews to confirm that transactions conform to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services or further charitable purposes, and do not result in inurement, impermissible private benefit or an excess benefit transaction. 2) directors, principal officers, and members of committees with board-delegated powers are covered by this policy. Currently there are no board committees. 3) determinations of whether a conflict of interest exist are made by members of the governing body, excluding the interested person. The remaining members of the governing body determine, by majority vote (after deliberations and due diligence (including investigation of alternative transactions)), whether the transaction is in the organization's best interest.

Form 990, Part VI, Section C, Line 18

Form 1023 and 990 available to the general public during the tax year upon request.

Form 990, Part VI, Section C, Line 19

The organization made its governing documents available to the general public during the tax year by providing copies upon request. All governing and legal documents are maintained and kept by bodman plc 1901 st. Antoine street detroit, mi 48226 attn: anthony p. Cracchilo

Filing and Contact Details

Filer

Filer Name
Weiser Charitable Foundation
EIN
83-2165204
Phone
7347698520
Address
PO BOX 8649, ANN ARBOR, MI 48107-8649

Signing Officer

Name
C Wendell Dunbar
Title
Director
Phone
7347698520
Signed
2023-01-17

Organization Details

Principal Officer
Ronald N Weiser
Formed
2018
Legal Domicile
Mi
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
3
Supplemental Narrative

Additional Explanations

Amended Return

Amended return has been filed: -to correct the number of voting members on governing board. - to correct the number of volunteer directors/officers - to correct for ubti/form 990-t filing - part iv line 28c-to correct for 35% controlled entity-mckinley provident llc. See schedule l and schedule r - part vi - lines 1a, 1b - ron weiser is sole voting member of governing body. - part vi -line 12c -to correct answer to no

Form 990, Part III, Line 2

For the first year, the foundation instituted grants to qualified 501(c)(3) public charities.

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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3SUPPORT OF PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4SUPPORT OF PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5SUPPORT OF PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6DISCHARGE PHARMACY PROJECT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7SUPPORT OF PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8SUPPORT OF PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9CAPITAL CAMPAIGN
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10SUPPORT OF PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11SUPPORT OF PROGRAM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0DOLLARS FOR SCHOLARS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1AUTISM ALLIANCE OF MICHIGAN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2MCLAREN NORTHERN MICHIGAN FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3BIG BROTHERS BIG SISTERS OF NORTHWESTERN MICHIGAN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4CHILDREN'S LITERACY NETWORK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5JDRF
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6METRO HEALTH HOSPITAL FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7MILES JEFFREY ROBERTS FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8COMMUNITY ACTION NETWORK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9THE ANN ARBOR ART CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10GIRLS GROUP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11BAY HARBOR FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0465180614
IRS990ScheduleI/RecipientTable/RecipientEIN1270472137
IRS990ScheduleI/RecipientTable/RecipientEIN2382445611
IRS990ScheduleI/RecipientTable/RecipientEIN3237043163
IRS990ScheduleI/RecipientTable/RecipientEIN4383002473
IRS990ScheduleI/RecipientTable/RecipientEIN5231907729
IRS990ScheduleI/RecipientTable/RecipientEIN6383033329
IRS990ScheduleI/RecipientTable/RecipientEIN7842912363
IRS990ScheduleI/RecipientTable/RecipientEIN8382792610
IRS990ScheduleI/RecipientTable/RecipientEIN9237205537
IRS990ScheduleI/RecipientTable/RecipientEIN10204814985
IRS990ScheduleI/RecipientTable/RecipientEIN11371491024
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0100 RENAISSANCE CENTER PO BOX 43105
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt130100 TELEGRAPH RD STE 250
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2360 CONNABLE AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3900 E FRONT STREET STE 125
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt41100 NORTH MAIN STREET SUITE 207
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt524359 NORTHWESTERN HWY 125
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt65900 BYRON CENTER AVENUE SW
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt72632 WAYSIDE DR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8PO BOX 130076
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt9117 W LIBERTY ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt102531 JACKSON AVE 188
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11750 BAY HARBOR DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt043105
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DETROIT
IRS990ScheduleI/RecipientTable/USAddress/CityNm1BINGHAM FARMS
IRS990ScheduleI/RecipientTable/USAddress/CityNm2PETOSKEY
IRS990ScheduleI/RecipientTable/USAddress/CityNm3TRAVERSE CITY
IRS990ScheduleI/RecipientTable/USAddress/CityNm4ANN ARBOR
IRS990ScheduleI/RecipientTable/USAddress/CityNm5SOUTHFIELD
IRS990ScheduleI/RecipientTable/USAddress/CityNm6WYOMING
IRS990ScheduleI/RecipientTable/USAddress/CityNm7ANN ARBOR
IRS990ScheduleI/RecipientTable/USAddress/CityNm8ANN ARBOR
IRS990ScheduleI/RecipientTable/USAddress/CityNm9ANN ARBOR
IRS990ScheduleI/RecipientTable/USAddress/CityNm10ANN ARBOR
IRS990ScheduleI/RecipientTable/USAddress/CityNm11BAY HARBOR
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd8MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd9MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd10MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd11MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd048243
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd148025
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd249770
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd349686
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd448104
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd548075
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd649519
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd7481032276
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd8481130076
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd948104
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1048103
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1149770
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL GRANTS ARE LOCAL TO ANN ARBOR OR WITHIN MICHIGAN. RONALD WEISER, PRESIDENT IS IN FREQUENT CONTACT WITH PRINCIPALS OF EACH CHARITABLE ORGANIZATION AS IT RELATES TO THEIR PROGRAM ACTIVITIES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt012
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0MCKINLEY PROVIDENT LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1MCKINLEY FINANCIAL PARTNERSHIP 3 LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0MORE THAN 35% CONTROLLED ENTITY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1MORE THAN 35% CONTROLLED ENTITY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01009570
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1436403
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INVESTMENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1LOAN
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION OWNS AN LLC INTEREST IN MCKINLEY PROVIDENT LLC, A PRIVATE INVESTMENT COMPANY. NOTE 14(B) - RON WEISER (WEISER), FOUNDER/MEMBER AND DIRECTOR/PRESIDENT OF WEISER CHARITABLE FOUNDATION, DIRECTLY AND INDIRECTLY, CONTROLS MORE THAN 35% OF MCKINLEY PROVIDENT LLC. WEISER, UNAWARE OF THE 35% RULE, MADE INVESTMENTS IN THIS CONTROLLED ENTITY.UPON PREPARING FORM 990 FOR 9/30/2022, IT WAS DETERMINED THAT MCKINLEY PROVIDENT LLC WAS A DISQUALIFIED ENTITY.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART IV
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0PROCEEDS ON SALE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt07926822
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/ContributionCnt01
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/MethodOfDeterminingRevenuesTxt0OFFER TO PURCHASE
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/NoncashContributionsRptF990Amt0775000
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0WHILE THE FOUNDATION DOES NOT HAVE A WRITTEN GIFT REVIEW ACCEPTANCE POLICY, THE DIRECTORS EXPECT EACH GIFT TO BE DEBT FREE AND READILY SOLD FOR CASH OR PROVIDE FUTURE CASH FLOW THEREBY PROVIDING FUNDS FOR GRANT MAKING ACTIVITIES.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 32B:
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AMENDED RETURN HAS BEEN FILED: -TO CORRECT THE NUMBER OF VOTING MEMBERS ON GOVERNING BOARD. - TO CORRECT THE NUMBER OF VOLUNTEER DIRECTORS/OFFICERS - TO CORRECT FOR UBTI/FORM 990-T FILING - PART IV LINE 28C-TO CORRECT FOR 35% CONTROLLED ENTITY-MCKINLEY PROVIDENT LLC. SEE SCHEDULE L AND SCHEDULE R - PART VI - LINES 1A, 1B - RON WEISER IS SOLE VOTING MEMBER OF GOVERNING BODY. - PART VI -LINE 12C -TO CORRECT ANSWER TO NO
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FOR THE FIRST YEAR, THE FOUNDATION INSTITUTED GRANTS TO QUALIFIED 501(C)(3) PUBLIC CHARITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE IS ONE CLASS OF MEMBERS WITH THE POWER TO ELECT DIRECTORS AND APPROVE MAJOR CORPORATE ACTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS HAVE THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY BY MAJORITY VOTE. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4APPROVAL BY MEMBERS ARE REQUIRED FOR DECISIONS REGARDING (I) MERGERS OR CONVERSION OF THE ORGANIZATION, (II) ANY SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL, OR SUBSTANTIALLY ALL, OF THE PROPERTY AND ASSETS OF THE ORGANIZATION, (III) ADOPTION, AMENDMENT AND REPEAL OF THE ORGANIZATION'S BYLAWS, (IV) AMENDMENT OF THE ORGANIZATION'S ARTICLES OF INCORPORATION, (V) THE APPOINTMENT AND REMOVAL OF MEMBERS, AND (VI) THE APPOINTMENT AND REMOVAL OF MEMBERS OF THE GOVERNING BODY. THERE IS ONE CLASS OF MEMBERS, AND EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WILL MAIL FINAL RETURN TO ALL MEMBERS OF GOVERNING BODY FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt61) THE ORGANIZATION CONDUCTS PERIODIC REVIEWS TO CONFIRM THAT TRANSACTIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES OR FURTHER CHARITABLE PURPOSES, AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR AN EXCESS BENEFIT TRANSACTION. 2) DIRECTORS, PRINCIPAL OFFICERS, AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS ARE COVERED BY THIS POLICY. CURRENTLY THERE ARE NO BOARD COMMITTEES. 3) DETERMINATIONS OF WHETHER A CONFLICT OF INTEREST EXIST ARE MADE BY MEMBERS OF THE GOVERNING BODY, EXCLUDING THE INTERESTED PERSON. THE REMAINING MEMBERS OF THE GOVERNING BODY DETERMINE, BY MAJORITY VOTE (AFTER DELIBERATIONS AND DUE DILIGENCE (INCLUDING INVESTIGATION OF ALTERNATIVE TRANSACTIONS)), WHETHER THE TRANSACTION IS IN THE ORGANIZATION'S BEST INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FORM 1023 AND 990 AVAILABLE TO THE GENERAL PUBLIC DURING THE TAX YEAR UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC DURING THE TAX YEAR BY PROVIDING COPIES UPON REQUEST. ALL GOVERNING AND LEGAL DOCUMENTS ARE MAINTAINED AND KEPT BY BODMAN PLC 1901 ST. ANTOINE STREET DETROIT, MI 48226 ATTN: ANTHONY P. CRACCHILO
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0AMENDED RETURN
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0RONALD WEISER
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt1RONALD WEISER
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0030541162
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1823342671
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd10

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