Michigan Independent Colleges And Universities
- Assets
- $899.9k
- Revenue
- $1.3m
- Investments
- $727.0k
- Employees
- 4
- Location
- Lansing, MI
- Founding
- 05/1967
- Data as of
- 06/2022
- EIN
- 38-1847067
Organization Overview
Michigan Independent Colleges And Universities is located in Lansing, MI. The organization was established in 1967. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2022, Michigan Independent Colleges And Universities employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Independent Colleges And Universities is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Michigan Independent Colleges And Universities generated $1.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. 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 PROMOTE THE WELL-BEING OF THE PRIVATE INSTITUTIONS OF HIGHER EDUCATION IN MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PLAN, CONDUCT, COORDINATE, SUPERVISE AND FINANCE ACTIVITIES THAT PROMOTE THE WELL-BEING OF THE PRIVATE, INDEPENDENT, NON-PROFIT INSTITUTIONS OF HIGHER EDUCATION IN MICHIGAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Lefevre President | Officer | 50 | $344,159 |
Colby Cesaro Vice President | 40 | $142,500 | |
Rhonda Roorda Fund Administrator | 40 | $108,020 | |
Donald Taylor Member | Trustee | 0.5 | $0 |
Suzy Siegle Member | Trustee | 0.5 | $0 |
Jeffrey Docking Member | Trustee | 0.5 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,040,115 |
| Investment income | $23,227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,604 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,266,946 |
| 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. | $411,327 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $338,487 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $130,711 |
| Payroll taxes | $39,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,991 |
| Fees for services: Accounting | $19,922 |
| Fees for services: Lobbying | $62,260 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,605 |
| Fees for services: Other | $16,365 |
| Advertising and promotion | $0 |
| Office expenses | $35,283 |
| Information technology | $2,975 |
| Royalties | $0 |
| Occupancy | $65,301 |
| Travel | $43,713 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,436 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,393 |
| Insurance | $6,789 |
| All other expenses | $7,693 |
| Total functional expenses | $1,224,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,003 |
| Savings and temporary cash investments | $3 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30 |
| 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 | $58,747 |
| Net Land, buildings, and equipment | $36,119 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $727,047 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $899,949 |
| Accounts payable and accrued expenses | $38,367 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $38,367 |
| Net assets without donor restrictions | $861,582 |
| 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 | $899,949 |