MICHIGAN COMMUNITY CAPITAL: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- MICHIGAN COMMUNITY CAPITAL (EIN 33-1068719)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-06-29
- IRS object ID
- 201741809349300834
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-06-29T14:02:28-05:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 381357951 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1111 Michigan Ave Ste 100 | AddressLine1Txt |
| City | East Lansing | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48823 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 331068719 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHIGAN MAGNET FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MICH | BusinessNameControlTxt |
| Phone | 5174828555 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 507 SOUTH GRAND AVENUE | AddressLine1Txt |
| City | LANSING | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48933 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK MCDANIEL | PersonNm |
| Person Title | VICE CHAIR | PersonTitleTxt |
| Phone | 5174828555 | PhoneNum |
| Signature | 2017-06-26 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TINA M PETERS CPA | PreparerPersonNm |
| PTIN | P00904574 | PTIN |
| Phone | 5173326200 | PhoneNum |
| Preparation | 2017-06-26 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 67.59.56.32 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-06-26 | IPDt |
| IP Tm | 09:58:30 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 737380BCD7AD51223FD12A91753DF01CE9F34789 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARK MORANTE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 NORTH WASHINGTON SQUARE | AddressLine1Txt |
| City | LANSING | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48913 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $706,408 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MICHIGANCOMMUNITYCAPITAL.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2003 | FormationYr |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF MICHIGAN MAGNET FUND IS TO FACILITATE LOW-INCOME COMMUNITY INVESTMENT IN MICHIGAN. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 15 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $701,201 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $675,932 | CYProgramServiceRevenueAmt |
| PY Investment Income | $26,425 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,372 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $29,104 | CYOtherRevenueAmt |
| PY Total Revenue | $727,626 | PYTotalRevenueAmt |
| CY Total Revenue | $706,408 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $611,209 | PYOtherExpensesAmt |
| CY Other Expenses | $633,336 | CYOtherExpensesAmt |
| PY Total Expenses | $611,209 | PYTotalExpensesAmt |
| CY Total Expenses | $633,336 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $116,417 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $73,072 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,784,703 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,821,562 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $203,795 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $167,582 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $2,580,908 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,653,980 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE MISSION OF MICHIGAN MAGNET FUND IS TO FACILITATE NEW MARKETS TAX CREDIT INVESTMENTS IN THE STATE OF MICHIGAN. THESE INVESTMENTS WILL SPUR JOB CREATION AND ECONOMIC GROWTH IN LOW INCOME COMMUNITIES ACROSS THE STATE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $499,352 | ExpenseAmt |
| Revenue | $705,036 | RevenueAmt |
| Desc | FACILITATING ALL NMTC INVESTING ACTIVITIES | Desc |
| Total Program Service Expenses | $499,352 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 6 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARK MCDANIEL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5174828555 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 507 S GRAND AVE | AddressLine1Txt |
| City | Lansing | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48933 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| TED ROZEBOOM | ||||||
| Secretary | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MARK MCDANIEL | ||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MARK MORANTE | ||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MARY SEABERG KING | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOANN CRARY | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KARL DORSHIMER | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RICHARD HOSEY | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JASON PAULATEER | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DENNIS J WEST | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ANNETTE WILLIAMS | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KARA WOODS | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JAMIE SCHRINER-HOOPER | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| AMY TORRES | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JEFF SYKES | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RIDGEWAY WHITE | ||||||
| MEMBER THRU MAY 2016 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CINNAIRE CORPORATION | |||||
| 1118 SOUTH WASHINGTON | LANSING | MI | 48910 | LOAN SERVICING AND BOOKKEEPING FEES | $246,810 |
| PLANTE & MORAN PLLC | |||||
| 27400 NORTHWESTERN HWY | SOUTHFIELD | MI | 48034 | ACCOUNTING SERVICES | $110,900 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| COMPLIANCE FEE INCOME | 531390 | $495,630 | $495,630 |
| AUDIT & TAX INCOME | 531390 | $119,000 | $119,000 |
| LOAN SERVICING FEE INC | 531390 | $61,302 | $61,302 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $675,932 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,372 | TotalRevenueColumnAmt |
| Exclusion | $1,372 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REFUNDABLE GRANT AGREE | Desc |
| Business | 531390 | BusinessCd |
| Total Revenue Column | $29,104 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $29,104 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $29,104 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $706,408 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $705,036 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,372 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,565 | TotalAmt |
| Program Services | $56,565 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $101,600 | TotalAmt |
| Management And General | $101,600 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $442,787 | TotalAmt |
| Program Services | $442,787 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,698 | TotalAmt |
| Management And General | $3,698 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $927 | TotalAmt |
| Management And General | $927 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,759 | TotalAmt |
| Management And General | $27,759 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $633,336 | TotalAmt |
| Program Services | $499,352 | ProgramServicesAmt |
| Management And General | $133,984 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,776,156 | BOYAmt |
| EOY | $2,110,582 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $874,186 | BOYAmt |
| EOY | $524,195 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,225 | BOYAmt |
| EOY | $178,387 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,500 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,636 | BOYAmt |
| EOY | $8,398 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,784,703 | BOYAmt |
| EOY | $2,821,562 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,333 | BOYAmt |
| EOY | $40,224 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,358 | BOYAmt |
| EOY | $127,358 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,104 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $203,795 | BOYAmt |
| EOY | $167,582 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,580,908 | BOYAmt |
| EOY | $2,653,980 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,580,908 | BOYAmt |
| EOY | $2,653,980 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,784,703 | BOYAmt |
| EOY | $2,821,562 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $73,072 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type1 | Yes (X) | SupportingOrgType1Ind |
| Supported Organizations | 2 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp (2 entries)
| EINEIN | Organization TypeOrganizationTypeCd | Governing Document ListedGoverningDocumentListedInd | SupportSupportAmt | Other SupportOtherSupportAmt |
|---|---|---|---|---|
| MICHIGAN ECONOMIC DEVELOPMENT CORPORATION | ||||
| 383460723 | 6 | Yes (1) | $0 | $0 |
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY | ||||
| 371717481 | 6 | Yes (1) | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 2 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | Yes (1) | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Power Appoint Majority Dir Trst | Yes (1) | PowerAppointMajorityDirTrstInd |
| Operate Benefit Non Suprt Org | 0 | OperateBenefitNonSuprtOrgInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART IV, SECTION A, LINE 2: | FormAndLineReferenceDesc |
| Explanation | GOVERNMENT ENTITIES DO NOT HAVE DETERMINATION LETTERS BUT ARE EXEMPT AS GOVERNMENT INSTRUMENTALITIES. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $706,408 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $706,408 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $706,408 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $633,336 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $633,336 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $633,336 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X, Line 2: | FormAndLineReferenceDesc |
| Explanation | MMF IS A MICHIGAN NONPROFIT CORPORATION AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN MADE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY MMF AND RECOGNIZE A TAX LIABILITY IF MMF HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITION TAKEN BY MMF AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2016 AND 2015, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. MMF IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2013. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 3 | ANOTHER NON-PROFIT ORGANIZATION HAS BEEN CONTRACTED TO PERFORM LOAN SERVICING AND BOOKKEEPING FOR MICHIGAN MAGNET FUND. IN ADDITION, A COMPANY HAS BEEN CONTRACTED TO PERFORM STRATEGIC ADVISOR SERVICES FOR MICHIGAN MAGNET FUND. |
| Form 990, Part VI, Section A, line 4 | THE BYLAWS AND ARTICLES OF INCORPORATION WERE AMENDED TO SPECIFICALLY IDENTIFY MICHIGAN ECONOMIC DEVELOPMENT CORPORATION AND THE MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY AS THE SUPPORTED ORGANIZATIONS OF MICHIGAN MAGNET FUND. THE SUPPORTED ORGANIZATIONS ARE PUBLIC BODIES CORPORATE EXEMPT FROM TAX UNDER CODE SECTION 115. MICHIGAN MAGNET FUND IS NOT INTENDED TO BE A COMPONENT UNIT OF THE SUPPORTED ORGANIZATIONS AND THE SUPPORTED ORGANIZATIONS, OR THEIR AFFILIATES, WILL NOT BE RESPONSIBLE FOR PROVIDING ANY FINANCIAL SUPPORT OR COVER ANY OBLIGATIONS OF MICHIGAN MAGNET FUND. |
| Form 990, Part VI, Section B, line 11b | 990 PRESENTED TO BOARD AND EXECUTIVE COMMITTEE FOR REVIEW. |
| Form 990, Part VI, Section B, line 12c | ANNUAL MEETING REQUIRES AFFIRMATION OF CONFLICTS POLICY AND ALL MEETINGS REQUIRE DISCLOSURE OF PERSONAL CONFLICT. IF IT IS DETERMINED THAT A BOARD MEMBER HAS A CONFLICT, THAT BOARD MEMBER WOULD BE UNABLE TO VOTE ON THE ISSUE WHERE THE CONFLICT EXISTS. |
| Form 990, Part VI, Section C, line 19 | MICHIGAN MAGNET FUND DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| Form 990, Part IX, line 11g | PROFESSIONAL ADMINSTRATIVE FEE: Program service expenses 63,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 63,000. ASSET MANAGEMENT FEES: Program service expenses 254,060. Management and general expenses 0. Fundraising expenses 0. Total expenses 254,060. CONSULTANT FEE: Program service expenses 125,727. Management and general expenses 0. Fundraising expenses 0. Total expenses 125,727. |
| FORM 990, PART XII, LINE 2C | THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (10 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| MICHIGAN MAGNET FUND A | |||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 412180042 | COMMUNITY DEVELOPMENT ENTITY | MI | $0 | $0 | MICHIGAN MAGNET FUND |
| MICHIGAN MAGNET FUND B | |||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 412180043 | COMMUNITY DEVELOPMENT ENTITY | MI | -$5 | $381 | MICHIGAN MAGNET FUND |
| MICHIGAN MAGNET FUND C | |||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 412180046 | COMMUNITY DEVELOPMENT ENTITY | MI | $0 | $0 | MICHIGAN MAGNET FUND |
| MICHIGAN MAGNET FUND D | |||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 412180050 | COMMUNITY DEVELOPMENT ENTITY | MI | $0 | $0 | MICHIGAN MAGNET FUND |
| MICHIGAN MAGNET FUND E | |||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 412180051 | COMMUNITY DEVELOPMENT ENTITY | MI | $0 | $0 | MICHIGAN MAGNET FUND |
| MICHIGAN MAGNET FUND F | |||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 412180053 | COMMUNITY DEVELOPMENT ENTITY | MI | $0 | $0 | MICHIGAN MAGNET FUND |
| MICHIGAN MAGNET FUND G | |||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 043829153 | COMMUNITY DEVELOPMENT ENTITY | MI | $0 | $0 | MICHIGAN MAGNET FUND |
| MICHIGAN MAGNET FUND H | |||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 043829159 | COMMUNITY DEVELOPMENT ENTITY | MI | $0 | $0 | MICHIGAN MAGNET FUND |
| MICHIGAN MAGNET FUND I | |||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 043829160 | COMMUNITY DEVELOPMENT ENTITY | MI | $0 | $0 | MICHIGAN MAGNET FUND |
| MICHIGAN MAGNET FUND J | |||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 043829163 | COMMUNITY DEVELOPMENT ENTITY | MI | $0 | $0 | MICHIGAN MAGNET FUND |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|
| MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY | ||||||||
| 735 E MICHIGAN AVE | LANSING | MI | 48909 | 371717481 | PROVIDE FINANCIAL ASSISTANCE FOR AFFORDABLE HOUSING | MI | code section 115 | 0 |
| MICHIGAN ECONOMIC DEVELOPMENT CORPORATION | ||||||||
| 300 N WASHINGTON SQUARE | LANSING | MI | 48913 | 383460723 | PROVIDE ASSISTANCE TO DRIVE JOB CREATION | MI | code section 115 | 0 |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (13 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MMF AA CDE | |||||||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 271221758 | COMMUNITY DEVELOPMENT ENTITY | MI | N/A | RELATED | -$22 | $1,109 | 0 | Yes (1) | 0.00010 |
| MMF BB CDE | |||||||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 271221770 | COMMUNITY DEVELOPMENT ENTITY | MI | N/A | RELATED | -$9 | $354 | 0 | Yes (1) | 0.00010 |
| MMF CC CDE | |||||||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 271221786 | COMMUNITY DEVELOPMENT ENTITY | MI | N/A | RELATED | -$48 | $717 | 0 | Yes (1) | 0.00010 |
| MMF DD CDE | |||||||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 271221796 | COMMUNITY DEVELOPMENT ENTITY | MI | N/A | RELATED | -$28 | $1,349 | 0 | Yes (1) | 0.00010 |
| MMF EE CDE | |||||||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 271221812 | COMMUNITY DEVELOPMENT ENTITY | MI | N/A | RELATED | -$39 | $671 | 0 | Yes (1) | 0.00010 |
| CHASE NMTC WHIRLPOOL INVESTMENT FUND | |||||||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 452393097 | COMMUNITY DEVELOPMENT ENTITY | MI | N/A | RELATED | $760 | 0 | Yes (1) | 0.00010 | |
| MMF GG CDE | |||||||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 271222203 | COMMUNITY DEVELOPMENT ENTITY | MI | N/A | RELATED | -$10 | $883 | 0 | Yes (1) | 0.00010 |
| MMF HH CDE | |||||||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 271222221 | COMMUNITY DEVELOPMENT ENTITY | MI | N/A | RELATED | -$10 | $656 | 0 | Yes (1) | 0.00010 |
| MMF FF CDE | |||||||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 271221826 | COMMUNITY DEVELOPMENT ENTITY | MI | N/A | RELATED | -$32 | $410 | 0 | Yes (1) | 0.00010 |
| MMF JJ CDE | |||||||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 271222243 | COMMUNITY DEVELOPMENT ENTITY | MI | N/A | RELATED | -$29 | $506 | 0 | Yes (1) | 0.00010 |
| MMF KK CDE | |||||||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 452542019 | COMMUNITY DEVELOPMENT ENTITY | MI | N/A | RELATED | -$6 | $602 | 0 | Yes (1) | 0.00010 |
| MICHIGAN MAGNET FUND E INVESTMENT FUND | |||||||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 204266670 | COMMUNITY DEVELOPMENT ENTITY | MI | N/A | RELATED | 0 | Yes (1) | |||
| MICHIGAN MAGNET FUND J INVESTMENT FUND | |||||||||||||
| 507 S GRAND AVE | LANSING | MI | 48933 | 562558436 | COMMUNITY DEVELOPMENT ENTITY | MI | N/A | RELATED | 0 | Yes (1) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (12 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| MICHIGAN MAGNET FUND B | ||
| L | $26,666 | FMV OF SERVICES PROVIDED |
| (no name) | ||
| L | FMV OF SERVICES PROVIDED | |
| MMF AA CDE | ||
| L | $33,615 | FMV OF SERVICES PROVIDED |
| MMF BB CDE | ||
| L | $24,000 | FMV OF SERVICES PROVIDED |
| MMF CC CDE | ||
| L | $60,000 | FMV OF SERVICES PROVIDED |
| MMF DD CDE | ||
| L | $90,000 | FMV OF SERVICES PROVIDED |
| MMF EE CDE | ||
| L | $54,000 | FMV OF SERVICES PROVIDED |
| MMF FF CDE | ||
| L | $34,500 | FMV OF SERVICES PROVIDED |
| MMF GG CDE | ||
| L | $57,000 | FMV OF SERVICES PROVIDED |
| MMF HH CDE | ||
| L | $42,000 | FMV OF SERVICES PROVIDED |
| MMF JJ CDE | ||
| L | $39,000 | FMV OF SERVICES PROVIDED |
| MMF KK CDE | ||
| L | $37,500 | FMV OF SERVICES PROVIDED |