Michigan Future Foundation
Nonprofit profile at a glance
- EIN
- 043599062
- IRS 990-EZ coverage
- 2012–2024
- Forms available
- Form 990 2021, Form 990-EZ 2024
- Location
- Lansing, MI, USA
- Phone
- 5173239473
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $22,374
- Expenses
- $27,089
- Assets
- $431,006
- Liabilities
- $3,319
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- JARED BURKHART (BOARD OFFICER/MAIA CEO)
People named in this filing
- JIM MCGRAIN (BOARD MEMBER)
- RON DEVERS (BOARD MEMBER)
- TIM FEKETE (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Educate, promote, and encourage careers in the independent agency system.
What it reported doing in 2024
Educate, promote and encourage careers in the independent agency system.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 98% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 100
- Sustainability: 48
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.2%; rating input score 91
- Program expense ratio: 83.5%; rating input score 84
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -21.1%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 15.91; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 2.7% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: -5.9% per year; rating input score 0; 32nd percentile among comparable filings
- Asset growth: -0.5% per year; rating input score 0; 36th percentile among comparable filings
Details
- Where the money goes: 91.2% of revenue deployed · 83.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $23K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 11 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 22/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.