WAYNE STATE UNIV RESEARCH & TECHNO- LOGY PARK IN THE CITY OF DETROIT: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- WAYNE STATE UNIV RESEARCH & TECHNO- LOGY PARK IN THE CITY OF DETROIT (EIN 41-2061387)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-08-22
- IRS object ID
- 201242359349300624
- Schema version
- 2011v1.2
- 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) |
|---|---|---|
| Timestamp | 2012-08-22T13:49:29-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 307 | AddressLine1 |
| City | SOUTHFIELD | City |
| State | MI | State |
| ZIP Code | 480370307 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 412061387 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WAYNE STATE UNIVERSITY RESEARCH AND | BusinessNameLine1 |
| Business Name Line2 | TECHNOLOGY PARK IN THE CITY OF DETROIT | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WAYN | NameControl |
| Phone | 3138871639 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 440 BURROUGHS | AddressLine1 |
| City | DETROIT | City |
| State | MI | State |
| ZIP Code | 48202 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LESLIE SMITH | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 3138871639 | Phone |
| Date Signed | 2012-08-16 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SUE MIENCIER | Name |
| PTIN | P00842339 | PTIN |
| Phone | 2483522500 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TECHTOWN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | LESLIE SMITH | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 440 BURROUGHS | AddressLine1 |
| City | DETROIT | City |
| State | MI | State |
| ZIP Code | 48202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 9348066 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.TECHTOWNWSU.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2000 | YearFormation |
| State Legal Domicile | MI | StateLegalDomicile |
| Activity Or Mission Description | TECHTOWN'S MISSION IS TO BE AN INDISPENSIBLE MEMBER OF THE COMMUNITY COMMITTED TO GROWING SMALL BUSINESS IN DETROIT. TECHTOWN PROVIDES EARLY STAGE BUSINESSES AND ENTREPRENEURS WITH POINTED EDUCATIONAL CURRICULUM, ONE-ON-ONE ADVISING, AND ACCESS TO CAPITAL AND TALENT THROUGH OUR CORE PROGRAMS. TECHTOWN IS DRIVEN BY ORGANIZATIONAL CORE VALUES: EMPOWERED, INTENTIONAL AND BOLD. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 22 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 22 | NbrIndependentVotingMembers |
| Total Nbr Employees | 38 | TotalNbrEmployees |
| Total Nbr Volunteers | 22 | TotalNbrVolunteers |
| Total Gross UBI | 80389 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -104311 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 4048375 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 9244195 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 75068 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 101725 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2920 | InvestmentIncomePriorYear |
| Investment Income Current Year | 59 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -42876 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2087 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4083487 | TotalRevenuePriorYear |
| Total Revenue Current Year | 9348066 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1417578 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1722618 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 114223 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1404766 | OtherExpensePriorYear |
| Other Expenses Current Year | 1572361 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2822344 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3294979 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1261143 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 6053087 | RevenuesLessExpensesCY |
| Total Assets BOY | 4949571 | TotalAssetsBOY |
| Total Assets EOY | 11765007 | TotalAssetsEOY |
| Total Liabilities BOY | 771583 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2372666 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 4177988 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 9392341 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TECHTOWN IS A COMMUNITY OF PASSIONATE, DIVERSE PEOPLE AND BUSINESSES DRIVEN BY AN ENTREPRENEURIAL SPIRIT TO PURSUE EXTRAORDINARY OPPORTUNITIES. ENTREPRENEURS JOIN TECHTOWN TO GAIN GUIDANCE AND GET CONNECTED WITH RESOURCES NEEDED FOR SUCCESS. TECHTOWN OFFERS ENTREPRENEURS UNIQUE ACCESS TO WAYNE STATE UNIVERSITY'S RESEARCH, ACADEMIC AND TECHNOLOGY ASSETS. BY REIGNITING AN ENTREPRENEURIAL CULTURE, TECHTOWN IS FUELING BUSINESS GROWTH, JOB CREATION AND THE REVITALIZATION OF DETROIT'S MIDTOWN AND BEYOND. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 2315883 | Expense |
| Revenue | 21336 | Revenue |
| Description | PROGRAMS AND EDUCATION: ENTREPRENEURS JOIN TECHTOWN TO GAIN GUIDANCE AND SUPPORT ON THEIR ENTREPRENEURIAL JOURNEY. AN INTAKE TEAM MANAGES INQUIRIES AND DIRECTS ENTREPRENEURS TO THE RESOURCES THAT BEST MEET THEIR NEEDS.TECHTOWN'S THRIVE ACCELERATOR PROGRAM PROVIDES ONE-ON-ONE COACHING TO HELP STARTUPS SET AND REACH MILESTONES, PLUS NETWORKING OPPORTUNITIES AND ACCESS TO TALENT. ENTREPRENEURS IN THRIVE ACHIEVE A FUNDING STRATEGY AND GAIN ACCESS TO CAPITAL THROUGH A DEDICATED CHAMPION, INCLUDING SUPPORT WITH CROWDFUNDING CAMPAIGNS, TRADITIONAL FINANCING AND MORE.TECHTOWN HOSTS EDUCATIONAL WORKSHOPS ON ESSENTIAL BUSINESS TOPICS LIKE BOOTSTRAPPING, MARKET RESEARCH AND SALES, INCLUDING THE KAUFFMAN FOUNDATION'S AWARD-WINNING FASTTRAC PROGRAMS. TECHTOWN ALSO PROVIDES FREE ONE-ON-ONE BUSINESS COUNSELING TO THE PUBLIC IN MONTHLY TUNE-UP SESSIONS.IMPACT:- SINCE 2007, TECHTOWN HAS PROVIDED SUPPORT TO 647 COMPANIES, WHICH HAVE CREATED 1,085 JOBS. - ACTIVE AND GRADUATE CLIENTS GENERATED A COMBINED TOTAL OF $52 MILLION IN REVENUE IN 2011. IN 2010, ACTIVE AND GRADUATE CLIENTS GENERATED $41 MILLION IN REVENUE. - IN EXCESS OF 2,200 PEOPLE HAVE RECEIVED ENTREPRENEURIAL TRAINING THROUGH TECHTOWN SINCE 2008. - TECHTOWN HAS INTRODUCED MORE THAN 8,000 MICHIGAN RESIDENTS TO AN ENTREPRENEURIAL CULTURE THROUGH NETWORKING EVENTS, CONFERENCES AND WALK-IN SESSIONS.CAPITAL:AT TECHTOWN, CLIENTS WORK WITH A DEDICATED CHAMPION WHO HELPS THEM UNDERSTAND THE FUNDING PROCESS AND HOW TO BECOME ELIGIBLE FOR FUNDING OPPORTUNITIES. CLIENTS RECEIVE ACCESS TO 62 FUNDS POSITIONED ACROSS THE CAPITAL LANDSCAPE, AND TECHTOWN HELPS PREPARE THEM FOR FUNDING OPPORTUNITIES APPROPRIATE TO THEIR STAGE OF DEVELOPMENT.TECHTOWN'S THRIVE ONE FUND ENCOURAGES MINORITIES AND WOMEN TO BUILD THEIR BUSINESS IN THE CITY OF DETROIT AND CONTRIBUTE TO THE ECONOMIC GROWTH OF THE REGION. TECHTOWN PROVIDES COACHING, ENTREPRENEURIAL TRAINING AND FUNDING TO SUITABLE LOAN CANDIDATES. ADDITIONALLY, TECHTOWN IS THE FUNDING STRATEGY FACILITATOR FOR THE $500,000 HEBREW FREE LOAN FOR JEWISH ENTREPRENEURS COMMITTED TO REMAINING IN SOUTHEAST MICHIGAN. CANDIDATES WHO ARE GRANTED A HEBREW FREE LOAN ALSO RECEIVE ACCESS TO TECHTOWN'S COMPREHENSIVE ENTREPRENEURIAL SUPPORT SYSTEM.IMPACT:- WITH TECHTOWN'S ASSISTANCE, CLIENTS HAVE RAISED $84 MILLION IN FUNDING SINCE 2007 FROM INVESTMENT FUNDS INCLUDING THE FIRST STEP FUND, THE MICHIGAN PRE-SEED CAPITAL FUND, DETROIT MICRO-ENTERPRISE FUND AND AUTOMATION ALLEY. - THROUGH THE TECHTOWN LOAN FUND AND THE THRIVE ONE FUND, TECHTOWN HAS INVESTED $790,000 DIRECTLY IN CLIENTS.UNIVERSITY ASSETS, TALENT, INNOVATION PIPELINES:TECHTOWN PROVIDES ENTREPRENEURS WITH UNIQUE ACCESS TO WAYNE STATE UNIVERSITY'S RESEARCH, ACADEMIC AND TECHNOLOGY ASSETS. CLIENTS COMMERCIALIZING UNIVERSITY TECHNOLOGY RECEIVE SUPPORT FROM THE UNIVERSITY'S TECHNOLOGY COMMERCIALIZATION TEAM ON LICENSING AND INTELLECTUAL PROPERTY PROTECTION. COMPANIES ALSO RECEIVE ACCESS TO PROTOTYPING AND OTHER TECHNICAL EQUIPMENT ACROSS CAMPUS, AND RECEIVE FREE LEGAL COUNSEL THROUGH LAW SCHOOL CLINICS. ENTREPRENEURS GAIN OPPORTUNITY FROM ACADEMIC AND INDUSTRY COLLABORATIONS THROUGH THE UNIVERSITY RESEARCH CORRIDOR, COMPRISED OF WAYNE STATE UNIVERSITY, THE UNIVERSITY OF MICHIGAN AND MICHIGAN STATE UNIVERSITY.OUR COMMUNITY IS COMPRISED OF DRIVEN ENTREPRENEURS, INTERNS, EXPERIENCED MENTORS AND PROFESSIONALS RE-ENTERING THE WORKFORCE. TECHTOWN SERVES AS A CONDUIT BRINGING PEOPLE TOGETHER TO INNOVATE, COACH, TRANSFER KNOWLEDGE AND NETWORK TO EXPAND BUSINESS AND EMPLOYMENT OPPORTUNITIES. A NETWORK OF 100 DEDICATED INDUSTRY EXPERTS FROM ACROSS SOUTHEAST MICHIGAN MENTOR CLIENTS TO HELP THEM ACHIEVE MILESTONES ON THEIR JOURNEY TO SUCCESS. STARTUPS AT TECHTOWN GET CONNECTED WITH INTERNS THROUGH A PROGRAM ESTABLISHED BY TECHTOWN AND WAYNE STATE UNIVERSITY. THESE COMPANIES ARE ELIGIBLE TO RECEIVE 50 TO 100 PERCENT REIMBURSEMENT FOR STUDENTS' SALARIES FROM THE UNIVERSITY.LONG A REGION OF INNOVATION, THE MIDTOWN AREA OF DETROIT WHERE TECHTOWN IS LOCATED SEES HUNDREDS OF MILLIONS OF DOLLARS INVESTED IN RESEARCH ANNUALLY BY MEDICAL INSTITUTIONS SUCH AS THE DETROIT MEDICAL CENTER AND THE KARMANOS CANCER INSTITUTE. WAYNE STATE UNIVERSITY IS MICHIGAN'S ONLY URBAN RESEARCH UNIVERSITY AND IS TECHTOWN'S PRIMARY PIPELINE OF TECHNOLOGY FOR COMMERCIALIZATION. IT IS AMONG ONLY 3.6 PERCENT OF ALL U.S. UNIVERSITIES WITH THE CARNEGIE CLASSIFICATION OF RU/VH (RESEARCH UNIVERSITIES/VERY HIGH RESEARCH ACTIVITY).THE HENRY FORD HEALTH SYSTEM (HFHS) CONTRIBUTES SIGNIFICANTLY TO THE INNOVATION PIPELINE WITH RESEARCH ACTIVITIES HOUSED AT TECHTOWN. THE HFHS RECENTLY LAUNCHED THE INNOVATION INSTITUTE, A CENTER BRINGING MEDICAL RESEARCHERS FROM AROUND THE COUNTRY TOGETHER WITH ENGINEERS AND DESIGNERS TO START FOR-PROFIT COMPANIES MAKING MEDICAL DEVICES; THE INSTITUTE IS BECOMING A POWERFUL PARTNER IN TECHNOLOGY COMMERCIALIZATION.IMPACT:- VOLUNTEER MENTORS HAVE COMMITTED MORE THAN 4,000 HOURS OF COACHING WITH TECHTOWN STARTUPS SINCE 2008, COUNSEL VALUED AT $400,000. - SINCE 2009, TECHTOWN HAS PLACED 74 INTERNS WHO HAVE LOGGED 20,000 HOURS, REPRESENTING $200,000 IN WAGES.- WAYNE STATE UNIVERSITY'S RESEARCH EXPENDITURES TOTALED $254 MILLION IN 2010. | Description |
| Total Program Service Expense | 2315883 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 74 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 38 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 22 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 22 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 0 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LESLIE SMITH | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3138795249 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 440 BURROUGHS | AddressLine1 |
| City | DETROIT | City |
| State | MI | State |
| ZIP Code | 48202 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (26 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| ALLEN GILMOUR | ||||||
| CHAIR | 1.00 | X | X | 0 | 0 | 0 |
| FAYE NELSON | ||||||
| VICE CHAIR | 1.00 | X | X | 0 | 0 | 0 |
| JAMES CONNELLY | ||||||
| VICE CHAIR & TREASURER | 1.00 | X | X | 0 | 0 | 0 |
| DAVID BLASZKIEWICZ | ||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 |
| LIZABETH ARDISANA | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JOHN BLANCHARD | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| ROBERT CHARLES | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| MATTHEW CULLEN | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| HON DEBBIE DINGELL | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| DR FARSHAD FOTOUHI | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| PAUL HILLEGONDS | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| BRIAN HOLDWICK | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| HON ANNETTA MILLER | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| RICK NORK | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| HON CHARLES PUGH | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| DR HILARY RATNER | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| ROSS SANDERS | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| A PAUL SCHAAP PHD | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| MARC SCHWARTZ | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| NED STAEBLER | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| ROBERT THOMAS | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| MARGARET WILLIAMS | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| RANDALL CHARLTON | ||||||
| PRESIDENT/EXEC. DIR.-PARTIAL YEAR | 40.00 | X | 93091 | 0 | 3476 | |
| ALEXANDER BACON | ||||||
| DIRECTOR OF FINANCE | 40.00 | X | 109471 | 0 | 13109 | |
| LESLIE SMITH | ||||||
| EXECUTIVE DIRECTOR | 40.00 | X | 142955 | 0 | 24120 | |
| KENNETH MESKIN | ||||||
| CONTROLLER | 40.00 | X | 93076 | 0 | 16056 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 438593 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 56761 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| PHOENIX CONTRACTORS INC | |||||
| 2111 GOLFSIDE DRIVE | YPSILANTI | MI | 48197 | CONSTRUCTION | 341395 |
| AVALON LLC | |||||
| 13046 PARTRIDGE RUN | SHELBY TOWNSHIP | MI | 48135 | CONSULTING | 101409 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| Government Grants | 572415 | GovernmentGrants |
| All Other Contributions | 8671780 | AllOtherContributions |
| Total Contributions | 9244195 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| MANAGEMENT FEES | 611310 | 80389 | 80389 | |
| ENTREPRENEUR LOAN INTE | 900099 | 21336 | 21336 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 101725 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 59 | TotalRevenueColumn |
| Exclusion | $59 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ADMINISTRATIVE INCOME | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 2087 | TotalRevenueColumn |
| Exclusion | $2,087 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 2087 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9348066 | TotalRevenueColumn |
| Related Or Exempt Function Income | 21336 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 80389 | UnrelatedBusinessRevenue |
| Exclusion | $2,146 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 491880 | Total |
| Program Services | 344315 | ProgramServices |
| Management And General | 122970 | ManagementAndGeneral |
| Fundraising | 24595 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1002950 | Total |
| Program Services | 723737 | ProgramServices |
| Management And General | 232678 | ManagementAndGeneral |
| Fundraising | 46535 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 131795 | Total |
| Program Services | 92256 | ProgramServices |
| Management And General | 32949 | ManagementAndGeneral |
| Fundraising | 6590 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 95993 | Total |
| Program Services | 67195 | ProgramServices |
| Management And General | 23998 | ManagementAndGeneral |
| Fundraising | 4800 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3997 | Total |
| Program Services | 2998 | ProgramServices |
| Management And General | 999 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31280 | Total |
| Program Services | 23460 | ProgramServices |
| Management And General | 7820 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 520431 | Total |
| Program Services | 390323 | ProgramServices |
| Management And General | 130108 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 76950 | Total |
| Program Services | 46171 | ProgramServices |
| Fundraising | 30779 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 73787 | Total |
| Program Services | 44272 | ProgramServices |
| Management And General | 29515 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 112397 | Total |
| Program Services | 84299 | ProgramServices |
| Management And General | 28098 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 125067 | Total |
| Program Services | 123935 | ProgramServices |
| Management And General | 1132 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 160338 | Total |
| Program Services | 80169 | ProgramServices |
| Management And General | 80169 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12267 | Total |
| Program Services | 12267 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 64906 | Total |
| Management And General | 64906 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8357 | Total |
| Program Services | 5014 | ProgramServices |
| Management And General | 3343 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| BUSINESS START-UP EXPEN | 104031 | 104031 | ||
| BAD DEBT EXPENSE | 62946 | 62946 | ||
| SUBSCRIPTIONS & PUBS. | 9235 | 4617 | 3694 | 924 |
| REPAIRS & MAINT. | 1384 | 1384 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 204988 | Total |
| Program Services | 102494 | ProgramServices |
| Management And General | 102494 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3294979 | Total |
| Program Services | 2315883 | ProgramServices |
| Management And General | 864873 | ManagementAndGeneral |
| Fundraising | 114223 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 767665 | BOY |
| EOY | 854064 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3842897 | BOY |
| EOY | 11135358 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 163944 | BOY |
| EOY | 221053 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 615144 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 251257 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 144148 | BOY |
| EOY | 363887 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10652 | BOY |
| EOY | -828082 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20265 | BOY |
| EOY | 18727 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4949571 | BOY |
| EOY | 11765007 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 617766 | BOY |
| EOY | 1250922 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 153817 | BOY |
| EOY | 185729 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 936015 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 771583 | BOY |
| EOY | 2372666 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2017859 | BOY |
| EOY | 8669797 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2160129 | BOY |
| EOY | 722544 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4177988 | BOY |
| EOY | 9392341 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4949571 | BOY |
| EOY | 11765007 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 6053087 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -838734 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1853031 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1139213 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3381512 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4048375 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9244195 | CurrentTaxYear |
| Total | 19666326 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 64068 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 343463 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 281980 | CurrentTaxYearMinus2Years |
| Total | 689511 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1917099 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1482676 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3663492 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4048375 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9244195 | CurrentTaxYear |
| Total | 20355837 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1500000 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 625882 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus1 Year | 1125882 | CurrentTaxYearMinus1Year |
| Current Tax Year | 900000 | CurrentTaxYear |
| Total | 4151764 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 72472 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 32110 | CurrentTaxYearMinus1Year |
| Current Tax Year | 415265 | CurrentTaxYear |
| Total | 519847 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1500000 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 625882 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 72472 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1157992 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1315265 | CurrentTaxYear |
| Total | 4671611 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 15684226 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 410 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 12446 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 5909 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2920 | CurrentTaxYearMinus1Year |
| Current Tax Year | 59 | CurrentTaxYear |
| Total | 21744 | Total |
Post1975 UBTI Post1975UBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 100266 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 149600 | CurrentTaxYearMinus1Year |
| Current Tax Year | 80389 | CurrentTaxYear |
| Total | 330255 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 410 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 12446 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 106175 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 152520 | CurrentTaxYearMinus1Year |
| Current Tax Year | 80448 | CurrentTaxYear |
| Total | 351999 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5173 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1067 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3716 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 19884 | CurrentTaxYearMinus1Year |
| Current Tax Year | 23423 | CurrentTaxYear |
| Total | 53263 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1922682 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1496189 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3773383 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4220779 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9348066 | CurrentTaxYear |
| Total | 20761099 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.75550 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.68820 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.01700 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.02090 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 169183 | OtherCostOrOtherBasis |
| Depreciation | 5432 | Depreciation |
| Book Value | 163751 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 358245 | OtherCostOrOtherBasis |
| Depreciation | 160777 | Depreciation |
| Book Value | 197468 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 87716 | OtherCostOrOtherBasis |
| Depreciation | 85048 | Depreciation |
| Book Value | 2668 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 363887 | TotalOfBookValueLandBuildings |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | FIN 48 DISCLOSURE: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION 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 POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2011 AND 2010, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | X | WrittenEmploymentContract |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | LESLIE SMITH | NamePerson |
| Base Compensation Filing Org | 142955 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 24120 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 167075 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 7A | WAYNE STATE UNIVERSITY MAY APPOINT UP TO EIGHT MEMBERS. FURTHER, THE WAYNE STATE BOARD OF GOVERNORS MAY APPOINT UP TO TWO MEMBERS. GENERAL MOTORS, HENRY FORD HEALTH SYSTEM, AND THE CITY OF DETROIT MAY ALSO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. | |
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 WILL BE REVIEWED BY THE EXECUTIVE DIRECTOR PRIOR TO FILING. NO FORMAL BOARD REVIEW WAS OR WILL BE CONDUCTED. | |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT AVAILABLE FOR PUBLIC INSPECTION. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -838,734. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XIII, LINE 2C: | THE AUDIT PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TECHONE DEVELOPMENT LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 440 BURROUGHS | AddressLine1 |
| City | DETROIT | City |
| State | MI | State |
| ZIP Code | 48202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201062523 | EIN |
| Primary Activity | LANDLORD | PrimaryActivity |
| Legal Domicile State | MI | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TECHONE HOLDING CORPORATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 440 BURROUGHS | AddressLine1 |
| City | DETROIT | City |
| State | MI | State |
| ZIP Code | 48202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201062426 | EIN |
| Primary Activity | MASTER SUB-TENANT | PrimaryActivity |
| Legal Domicile State | MI | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WAYNE STATE UNIVERSITY RESEARCH AND TECHNOLOGY PARK IN THE CITY OF DETROIT | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | -1103194 | ShareOfTotalIncome |
| Share Of EOY Assets | 12888093 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| TECHONE HOLDING CORPORATION | ||
| K | 80389 | CASH TRANSACTION |
| TECHONE HOLDING CORPORATION | ||
| J | 122202 | CASH TRANSACTION |
| TECHONE HOLDING CORPORATION | ||
| P | 550766 | CASH TRANSACTION |
| TECHONE DEVELOPMENT LLC | ||
| P | 1183600 | CASH TRANSACTION |