Students Reinventing Michigan
Nonprofit profile at a glance
- EIN
- 451769477
- IRS 990-EZ coverage
- 2014–2014
- Forms available
- Form 990-EZ 2014
- Location
- Auburn Hills, MI, USA
- Phone
- 2487892666
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy Organizations
Reported finances
- Revenue
- $30,000
- Expenses
- $24,049
- Assets
- $9,756
- Liabilities
- $42,000
Source: IRS Form 990-EZ. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- JAMES P SHEA (PRESIDENT)
People named in this filing
- JAMES P SHEA (PRESIDENT)
- LINDA SHEA (TREASURER/SE)
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 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of students reinventing Michigan is to promote the education and training of students to recognize contemporary problems and propose solutions that will benefit the common good and general welfare of the Michigan community. This is accomplished by offering essay contests in which students compete and receive cash prizes for use in their college education. Students are encouraged to work with Michigan legislators in crafting alternative approaches to solve Michigan's problems.
What it reported doing in 2014
Various topics concerning Michigan related issues are posed by the organization, and the impending challenge was for Michigan students to create a viable solution to the problem through their research, writing, and creativity. Once the ideas were postulated by the students, the organization helped the students present their ideas and theories to the Michigan legislative body. Various legislators evaluated the content of the students' essays and chose the best as winners of the essay contest. Trophies were awarded to the winners along with cash prizes to be used by the students' in their education.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 82
- Sustainability: 50
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.6%; rating input score 72
- Program expense ratio: 89.3%; rating input score 89
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 19.8%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 0.41; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 4.31; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 71.6% of revenue deployed · 89.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $21K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.