philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Michigan Future Foundation FY2021 filing

Tax-deductible

Lansing, MI501(c)(3)EducationEIN 04-3599062

This page gets seen. Tell your story. Claim this org.

Educate, promote, and encourage careers in the independent agency system.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $2K a year · 11% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$36K
+17% vs prior year
Spent
$36K
To programs
91%
Net assets
$415K
By yearFY2020–FY2025
Revenue
$36K
FY2021▲ +17%
Revenue by fiscal year
FY2020$31K
FY2021$36K
FY2022$9K
FY2023$15K
FY2024$24K
FY2025$22K
Expenses
$36K
FY2021
Expenses by fiscal year
FY2020Not on file
FY2021$36K
FY2022$14K
FY2023Not on file
FY2024Not on file
FY2025Not on file
Net assets
$415K
FY2021▲ +9%
Net assets by fiscal year
FY2020$382K
FY2021$415K
FY2022$366K
FY2023$382K
FY2024$407K
FY2025$428K

From the FY2021 Form 990 (year ending August 2021) · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $33K Management & general 9% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Cliff Miller
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Denise Cox
Secretary
$0Pt VII · Sec A
Tim Fekete
Board Member
$0Pt VII · Sec A
Eric Karn
Board Member
$0Pt VII · Sec A
Jim McGrain
Board Member
$0Pt VII · Sec A
Amy Purcilly
Board Member
$0Pt VII · Sec A
See Michigan Future Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes careers in independent insurance agencies through education and encouragement.

Provided by the organization

This section is blank until Michigan Future Foundation claims this page.

Know this organization? Claim it to add your story

1 program service account for $33K of program spending, described in the organization's own filed words · FY2020.
01

Educate, promote, and encourage careers in the independent agency system.

$33Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Michigan Association of Insurance AgentsFY2022$5K
Total grants receivedfrom 1 funder$5K
Grants paid · 2 grants · $28K · 2020–2021
Unitemized GrantFY2021$10,500
Unitemized GrantFY2020$17,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$36K
Ln 12
Gifts and grantsLn 1h$32K
Investment incomeLn 3$16K
Money outPt IX
$36K
Ln 25
Programscol B$33K
Managementcol C$3K
Owns and owesPt X
$415K
net assets · Ln 32
Cash and savingsLn 1–2$28K
Total assetsLn 16$424K
LiabilitiesLn 26$9K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32K
Fundraising eventsLn 1c$32K
Investment incomeLn 3$16K
Gains on assetsLn 7$6K
Total revenueLn 12$36K
Assets in detailPt X, end of year
CashLn 1$28K
Cash and savings togetherLn 1–2$28K
InvestmentsLn 11–13$397K
Total assetsLn 16$424K
LiabilitiesLn 26$9K
Net assetsLn 32$415K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$5K$28K
InvestmentsLn 11–13$390K$397K
Total assetsLn 16$397K$424K
LiabilitiesLn 26$15K$9K
Net assetsLn 32$382K$415K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$15K$15K
Grants to domestic individualsLn 2$17K$17K
Investment management feesLn 11f$3K$3K
Information technologyLn 14$660$660
Total functional expensesLn 25$36K$33K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $22K$428K 990 PDF
FY2024 $24K$407K 990 PDF
FY2023 $15K$382K 990 PDF
FY2022 $9K$14K−$5K$366K 990 PDF
FY2021 Viewing $36K$36K$558$415K 990 PDF
FY2020 $31K$382K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $36,403 across 8 lines filed
VIII-1c Fundraising events$31,768
VIII-1f All other contributions, gifts and grants$400
VIII-1h Total contributions, gifts and grants$32,168
VIII-3 Investment incomeExcluded from tax $10,257$10,257
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,082$6,082
VIII-8 Net income from fundraising eventsExcluded from tax −$12,113−$12,113
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $9$9
VIII-12 Total revenueExcluded from tax $4,235$36,403
Part IX · Statement of functional expenses $35,845 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $15,000$15,000
IX-2 Grants to domestic individualsPrograms $17,000$17,000
IX-11f Investment management feesManagement $3,185$3,185
IX-14 Information technologyPrograms $660$660
IX-25 Total functional expensesPrograms $32,660 · Management $3,185 · Fundraising $0$35,845
Part X · Balance sheet $424,103 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $5,053$27,508
X-11 Publicly traded securitiesStart of year $390,242$396,595
X-16 Total assetsStart of year $397,051$424,103
X-17 Accounts payable and accrued expensesStart of year $9,000$9,000
X-26 Total liabilitiesStart of year $14,705$9,000
X-27 Net assets without donor restrictionsStart of year $382,346$415,103
X-32 Total net assets or fund balancesStart of year $382,346$415,103
X-33 Total liabilities and net assetsStart of year $397,051$424,103
Part XI · Reconciliation of net assets $415,103 net assets at year end
XI-1 Total revenue$36,403
XI-2 Total expenses$35,845
XI-3 Revenue less expenses$558
XI-4 Net assets at start of year$382,346
XI-5 Net unrealized gains (losses) on investments$32,199
XI-10 Net assets at end of year$415,103

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.