Central Michigan University Research Corporation
- Assets
- $2.1m
- Revenue
- $1.5m
- Investments
- $13.8k
- Employees
- 9
- Location
- Mt Pleasant, MI
- Founding
- 01/2003
- Data as of
- 06/2022
- EIN
- 36-4500805
Organization Overview
Central Michigan University Research Corporation is located in Mt Pleasant, MI. The organization was established in 2003. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Central Michigan University Research Corporation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Michigan University Research Corporation 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, Central Michigan University Research Corporation generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 13.9% 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
TO RECEIVE, ADMINISTER, AND DISTRIBUTE FUNDS TO PROMOTE AND ENCOURAGE RESEARCH, SCHOLARSHIP, CREATIVE ACTIVITIES, AND OTHER APPLIED RESEARCH AND TECHNOLOGY AT CMU.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED VARIOUS COMPANIES BY PROVIDING THEM WITH MARKET RESEARCH AND START UP SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Strang President/ce | Officer | 40 | $118,548 |
Lawrence Herriman Programs Dir | $105,769 | ||
Nicholas Long Treasurer | OfficerTrustee | 1 | $0 |
Robert O Davies Chair | OfficerTrustee | 1 | $0 |
Toby Roth Secretary | OfficerTrustee | 1 | $0 |
David Weindorf Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Svrc Marketplace Llc Rent-charges | 6/29/22 | $141,667 |
Dlr Development Llc Rent-charges | 6/29/22 | $233,135 |
Ssp Development Iv Llc Rent-charges | 6/29/22 | $139,040 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $718,957 |
| All other contributions, gifts, grants, and similar amounts not included above | $251,587 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $970,544 |
| Total Program Service Revenue | $104,052 |
| Investment income | $205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $459,880 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,534,681 |
| 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. | $142,700 |
| Compensation of current officers, directors, key employees. | $71,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $305,365 |
| Pension plan accruals and contributions | $11,563 |
| Other employee benefits | $8,583 |
| Payroll taxes | $33,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,906 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,429 |
| Advertising and promotion | $11,589 |
| Office expenses | $40,312 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $819,427 |
| Travel | $14,762 |
| 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 | $77,219 |
| Insurance | $17,064 |
| All other expenses | $0 |
| Total functional expenses | $1,639,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$83,204 |
| Savings and temporary cash investments | $787,588 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,734 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,349,251 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,780 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,114 |
| Total assets | $2,137,264 |
| Accounts payable and accrued expenses | $59,437 |
| Grants payable | $0 |
| Deferred revenue | $72,397 |
| 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 | $241,379 |
| Total liabilities | $373,213 |
| Net assets without donor restrictions | $1,764,051 |
| Net assets with donor restrictions | $0 |
| 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 | $2,137,264 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Central Michigan University Research Corporation has recieved totaling $32,000.
| Awarding Organization | Amount |
|---|---|
Margaret Jane Stoker Charitable Tr Columbus, OH PURPOSE: GENERAL SUPPORT | $30,000 |
Consumers Energy Foundation Jackson, MI PURPOSE: MT. P CORPORATE POWERHOUSE-2021 CONTRIBUTION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |
Friends Of Breakthrough Schools Cleveland, OH | $75,617,435 | $14,315,646 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Ers Strategic Properties Inc Rootstown, OH | $122,229,530 | $11,683,070 |
Cuyahoga Community College Foundati Cleveland, OH | $98,727,251 | $19,770,120 |