Micta
- Assets
- $1.1m
- Revenue
- $521.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Saginaw, MI
- Founding
- 01/1990
- Data as of
- 12/2021
- EIN
- 38-2877846
Organization Overview
Micta is located in Saginaw, MI. The organization was established in 1990. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Micta employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Micta 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 12/2021, Micta generated $521.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.3% each year . All expenses for the organization totaled $702.3k during the year ending 12/2021. While expenses have increased by 41.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED FOR THE PURPOSE OF IDENTIFYING AND RESOLVING COMMON TELECOMMUNICATION ISSUES AND PROBLEMS; PROVIDING A CLEARING HOUSE OF INFORMATION RELATIVE TO TELECOMMUNICATIONS; GAINING INFORMATION ON NEW TELECOMMUNICATION PRODUCTS AND SERVICES; IMPROVING THE LEVEL OF COMPETENCY AND ENHANCING THE DEVELOPMENT OF PROFESSIONAL STATUS OF THE MEMBER COLLEGE AND UNIVERSITY ADMINISTRATORS; INFLUENCING THE DEVELOPMENT OF TELECOMMUNICATION SERVICES TO MEMBERS AT REDUCED COSTS AND IMPROVED QUALITY; PARTICIPATING IN GOVERNMENTAL AND REGULATORY PROCEEDINGS AFFECTING THE TELECOMMUNICATION ISSUES; OTHERWISE PROMOTING THE COMMON TELECOMMUNICATIONS INTERESTS OF THE MEMBERSHIP; AND CONDUCTING ANY AND ALL ACTIVITIES NECESSARY OR INCIDENTAL TO THE FOREGOING PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICTA SERVES ITS NATIONAL MEMBERSHIP BY COORDINATING GROUP PURCHASING PROGRAMS AND AGGREGATING MEMBER DEMAND TO FACILITATE MEMBERS' PURCHASES OF COMPETITIVELY BID PRODUCTS AND SERVICES; MONITORING TELECOMMUNICATIONS AND TECHNOLOGY LEGISLATION AND REGULATORY PROCESSES THAT IMPACT ITS MEMBERS; INFORMING ITS MEMBERSHIP OF TECHNOLOGY CHANGES AND LEGISLATIONS THAT MAY AFFECT THEM; CONDUCTING RESEARCH TO BENEFIT ITS MEMBERS; PROVIDING HIGHLY VALUABLE, COST-EFFECTIVE PROFESSIONAL DEVELOPMENT OPPORTUNITIES; SUPPORTING TECHNOLOGICAL ADVANCEMENTS THROUGH GRANTS; WORKING WITH VENDORS TO ENSURE OUR MEMBERS TECHNOLOGY NEEDS ARE MET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Von Hoff CEO | Officer | 40 | $156,051 |
Dr Dawn Kaiser Treasurer | OfficerTrustee | 6 | $18,000 |
Cedric Banks Vice Preside | OfficerTrustee | 1 | $0 |
Brad Bouwkamp President | OfficerTrustee | 1 | $0 |
Walt Magnussen Past Preside | OfficerTrustee | 1 | $0 |
Mark Reynolds Secretary | OfficerTrustee | 1 | $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 | $510,737 |
| Investment income | $9,160 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,543 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $521,440 |
| 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. | $181,147 |
| Compensation of current officers, directors, key employees. | $9,058 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $145,598 |
| Pension plan accruals and contributions | $9,889 |
| Other employee benefits | $37,344 |
| Payroll taxes | $47,450 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,202 |
| Fees for services: Accounting | $16,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,538 |
| Fees for services: Other | $135,925 |
| Advertising and promotion | $15,599 |
| Office expenses | $13,577 |
| Information technology | $16,852 |
| Royalties | $0 |
| Occupancy | $43,541 |
| Travel | $0 |
| 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 | $4,784 |
| Insurance | $4,250 |
| All other expenses | $0 |
| Total functional expenses | $702,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,316 |
| Savings and temporary cash investments | $149,916 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,382 |
| 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 | $2,650 |
| Net Land, buildings, and equipment | $3,425 |
| Investments—publicly traded securities | $865,978 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,136,667 |
| Accounts payable and accrued expenses | $40,195 |
| Grants payable | $0 |
| Deferred revenue | $18,575 |
| 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 | $58,770 |
| Net assets without donor restrictions | $1,077,897 |
| 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 | $1,136,667 |
Grants Awarded
Over the last fiscal year, Micta has awarded $24,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS A&M UNIVERSITY PURPOSE: TECHNOLOGY RESEARCH | $12,000 |
MORGAN STATE UNIVERSITY PURPOSE: TECHNOLOGY RESEARCH | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Union Executives Society Madison, WI | $8,321,099 | $11,726,194 |
World Council Of Credit Unions Inc Madison, WI | $4,821,097 | $12,974,167 |
Indiana Statewide Association Of Rural Electrics Cooperatives Inc Indianapolis, IN | $6,936,351 | $8,918,869 |
County Commissioners Association Of Ohio Columbus, OH | $7,535,269 | $6,334,760 |
Michigan Credit Union League Plymouth, MI | $88,338,400 | $4,235,709 |
Michigan Townships Association Lansing, MI | $8,385,951 | $4,347,332 |
Wisconsin Credit Union League Inc Madison, WI | $8,422,290 | $3,629,838 |
Indiana Credit Union League Indianapolis, IN | $12,146,566 | $3,384,464 |
Michigan Rural Water Association Okemos, MI | $1,869,015 | $2,731,981 |
Wisconsin Rural Water Association Inc Plover, WI | $3,269,363 | $2,411,727 |
Ohio Mid-Eastern Governments Assoc Cambridge, OH | $3,634,149 | $2,144,130 |
Telecommunications Association Of Michigan Lansing, MI | $1,516,813 | $1,189,195 |