Inforum
- Assets
- $4.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 9
- Location
- Detroit, MI
- Founding
- 09/2002
- Data as of
- 06/2022
- EIN
- 30-0101343
Organization Overview
Inforum, operating under the name Inforum Center For Leadership, is located in Detroit, MI. The organization was established in 2002. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, Inforum Center For Leadership employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inforum Center For Leadership is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Inforum Center For Leadership generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 7.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INFORUM FOCUSES ON ACCELERATING CAREERS FOR WOMEN, PROVIDING ORIGINAL RESEARCH AND FACILITATING GENDER EQUITY IN BUSINESS LEADERSHIP THROUGH EDUCATIONAL PROGRAMS, NETWORKING, LEADERSHIP AND VOLUNTEER OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINED WOMEN IN LEADERSHIP SKILLS BY CONDUCTING COMPREHENSIVE TRAINING SESSIONS WITH LEADERS IN THE FIELD AND TOP WOMEN EXECUTIVES, INCLUDING PERSONALIZED MENTORING. HELD REGULAR MEETINGS AND EDUCATIONAL SESSIONS WHERE SPEAKERS PRESENTED TOPICS RELATING TO CAREER ADVANCEMENT AND LEADERSHIP DEVELOPMENT FOR WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Barclay President And CEO | OfficerTrustee | 40 | $350,416 |
Carole Leigh Hutton Vp, Business Development & | 40 | $127,010 | |
Rebecca Pucket Wood Vp, Corporate & Member Eng | 40 | $116,597 | |
Lorrena Black Vp, Leadership Development | 40 | $106,375 | |
Kiersten Robinson Chair | OfficerTrustee | 5 | $0 |
Jamie Simpson Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cynthia Goodaker Vp, Signature Programs & Communications | 6/29/22 | $138,625 |
Siren Pr Pr & Communications Consulting | 6/29/22 | $100,825 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,391,038 |
| Noncash contributions included in lines 1a–1f | $1,650 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,391,038 |
| Total Program Service Revenue | $600,140 |
| Investment income | $34,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,867 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,035,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $391,266 |
| Compensation of current officers, directors, key employees. | $35,214 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $814,853 |
| Pension plan accruals and contributions | $16,884 |
| Other employee benefits | $19,235 |
| Payroll taxes | $69,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,236 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,404 |
| Fees for services: Other | $0 |
| Advertising and promotion | $39,262 |
| Office expenses | $0 |
| Information technology | $45,329 |
| Royalties | $0 |
| Occupancy | $13,963 |
| Travel | $23,785 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,669 |
| Insurance | $11,775 |
| All other expenses | $53,361 |
| Total functional expenses | $2,133,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390,940 |
| Savings and temporary cash investments | $1,680,908 |
| Pledges and grants receivable | $153,326 |
| Accounts receivable, net | $66,380 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,509 |
| Net Land, buildings, and equipment | $13,443 |
| Investments—publicly traded securities | $1,595,760 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,975 |
| Total assets | $3,977,241 |
| Accounts payable and accrued expenses | $216,628 |
| Grants payable | $0 |
| Deferred revenue | $202,744 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $419,372 |
| Net assets without donor restrictions | $3,081,881 |
| Net assets with donor restrictions | $475,988 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,977,241 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Inforum has recieved totaling $70,005.
| Awarding Organization | Amount |
|---|---|
Dte Energy Foundation Detroit, MI PURPOSE: EDUCATION | $50,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,500 |
Grand Haven Area Community Foundation Inc Grand Haven, MI PURPOSE: EMPLOYMENT & JOBS | $7,500 |
Smith Family Foundation Grosse Pointe Farms, MI PURPOSE: GENERAL SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nbi-Sems Inc Altoona, WI | $32,056,887 | $23,539,455 |
Eleven Fifty Academy Inc Indianapolis, IN | $2,885,301 | $14,569,317 |
Newton Services Foundation Inc Flint, MI | $3,036,249 | $10,428,739 |
Council For Adult And Experiental Learning Indianapolis, IN | $4,495,606 | $4,303,081 |
Van Andel Institute Graduate School Grand Rapids, MI | $1,492,760 | $4,853,861 |
Kelley Executive Education Foundation Inc Bloomington, IN | $1,125,624 | $3,371,150 |
Education And Training Connection Midland, MI | $2,969,193 | $3,353,333 |
Columbus Literacy Council Columbus, OH | $1,481,733 | $3,063,188 |
Evansville Plumbers Apprentice Training Trust Fund Evansville, IN | $3,497,630 | $2,319,217 |
Inforum Detroit, MI | $3,977,241 | $2,035,446 |
West Michigan Center For Arts And Technology Grand Rapids, MI | $9,239,729 | $2,613,350 |
Western Great Lakes Finishing Trades Institute Madison, WI | $1,218,551 | $1,952,776 |