Micta
- Assets
- $976.5k
- Revenue
- $692.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Saginaw, MI
- Founding
- 01/1990
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Micta generated $692.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $629.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. 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
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 Secretary/tr | OfficerTrustee | 6 | $18,000 |
Cedric Banks Vice Preside | OfficerTrustee | 1 | $0 |
Brad Bouwkamp President | OfficerTrustee | 1 | $0 |
Craig Filippini At-Large | Trustee | 1 | $0 |
Rick Haugerud At-Large | Trustee | 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 | $539,315 |
| Investment income | $11,943 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $141,212 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $692,470 |
| 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. | $181,736 |
| Compensation of current officers, directors, key employees. | $9,087 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,778 |
| Pension plan accruals and contributions | $8,862 |
| Other employee benefits | $26,843 |
| Payroll taxes | $46,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,181 |
| Fees for services: Accounting | $18,377 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,912 |
| Fees for services: Other | $136,463 |
| Advertising and promotion | $27,038 |
| Office expenses | $8,230 |
| Information technology | $17,269 |
| Royalties | $0 |
| Occupancy | $1,428 |
| 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 | $1,554 |
| Insurance | $3,616 |
| All other expenses | $0 |
| Total functional expenses | $629,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,253 |
| Savings and temporary cash investments | $136,681 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,773 |
| 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 | $2,689 |
| Net Land, buildings, and equipment | $1,871 |
| Investments—publicly traded securities | $617,230 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $976,497 |
| Accounts payable and accrued expenses | $31,602 |
| Grants payable | $0 |
| Deferred revenue | $20,142 |
| 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 | $51,744 |
| Net assets without donor restrictions | $924,753 |
| 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 | $976,497 |
Grants Awarded
Over the last fiscal year, Micta has awarded $24,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MORGAN STATE UNIVERSITY PURPOSE: TECHNOLOGY RESEARCH | $12,000 |
TEXAS A&M UNIVERSITY PURPOSE: TECHNOLOGY RESEARCH | $12,000 |