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Nonprofiteer
← CENTRAL MICHIGAN UNIVERSITY RESEARCH CORPORATION

Form 990 for tax year 2022

Filed by CENTRAL MICHIGAN UNIVERSITY RESEARCH CORPORATION.

Totals

Total revenue
$1,672,662
Total expenses
$1,871,322
Contributions and grants received
$922,453
Grants paid
$0
Program service revenue
$91,794
Investment income
$3,680
Other revenue
$654,735
Total assets, end of year
$12,713,736
Total liabilities, end of year
$11,152,389
Net assets or fund balances, end of year
$1,561,347
Program services expenses (Part IX)
$1,486,892
Management and general expenses
$384,430
Fundraising expenses
$0
Program service expenses (Part III)
$1,486,892

Program services were 79.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $777,418

  • 1f · All other contributions, gifts and grants

    $145,035

  • 2a · Program service revenue: ACCELERATOR REVENUE

    total $77,172 · related or exempt $77,172

  • 2b · Program service revenue: PROJECT REVENUE

    total $14,622 · related or exempt $14,622

  • 3 · Investment income

    total $3,680 · excluded $3,680

  • 6a · Gross rents

    real property $654,735

  • 6c · Rental income or loss

    real property $654,735

  • 6d · Net rental income or loss

    total $654,735 · related or exempt $654,735

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $182,122 · program services $91,061 · management and general $91,061

  • 7 · Other salaries and wages

    total $312,529 · program services $240,508 · management and general $72,021

  • 8 · Pension plan contributions

    total $15,669 · program services $11,544 · management and general $4,125

  • 9 · Other employee benefits

    total $15,750 · program services $12,268 · management and general $3,482

  • 10 · Payroll taxes

    total $39,918 · program services $27,748 · management and general $12,170

  • 11c · Fees: accounting

    total $55,665 · program services $52,047 · management and general $3,618

  • 11g · Fees: other

    total $31,829 · program services -$23,779 · management and general $55,608

  • 12 · Advertising and promotion

    total $19,270 · program services $6,225 · management and general $13,045

  • 13 · Office expenses

    total $69,263 · program services $46,023 · management and general $23,240

  • 16 · Occupancy

    total $900,974 · program services $839,408 · management and general $61,566

  • 17 · Travel

    total $11,987 · program services $3,873 · management and general $8,114

  • 22 · Depreciation, depletion and amortization

    total $117,935 · program services $109,876 · management and general $8,059

  • 23 · Insurance

    total $16,648 · program services $5,379 · management and general $11,269

  • 24a · Other expenses: ACCELERATOR FUND EXPENSE

    total $56,572 · program services $56,572

  • 24b · Other expenses: PROFESSIONAL DEVELOPMENT

    total $13,115 · program services $4,237 · management and general $8,878

  • 24c · Other expenses: OTHER

    total $9,767 · program services $3,156 · management and general $6,611

  • 24d · Other expenses: DUES, LICENSES AND SUBSCR

    total $2,309 · program services $746 · management and general $1,563

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$83,204 · end of year -$57,215

  • 2 · Savings and temporary cash investments

    beginning of year $787,588 · end of year $1,441,562

  • 4 · Accounts receivable

    beginning of year $63,734 · end of year $132,933

  • 7 · Other notes and loans receivable

    beginning of year $1 · end of year $1

  • 9 · Prepaid expenses and deferred charges

    end of year $7,510

  • 10a · Land, buildings and equipment: cost or other basis

    $1,932,182

  • 10b · Land, buildings and equipment: accumulated depreciation

    $503,011

  • 10c · Land, buildings and equipment, net

    beginning of year $1,349,251 · end of year $1,429,171

  • 12 · Investments: other securities

    beginning of year $13,780 · end of year $13,766

  • 15 · Other assets

    beginning of year $6,114 · end of year $9,746,008

  • 17 · Accounts payable and accrued expenses

    beginning of year $59,437 · end of year $66,428

  • 19 · Deferred revenue

    beginning of year $72,397 · end of year $1,100,121

  • 25 · Other liabilities

    beginning of year $241,379 · end of year $9,985,840

  • 27 · Net assets without donor restrictions

    beginning of year $1,764,051 · end of year $1,561,347

Mission and programs · 2022

Mission

TO RECEIVE, ADMINISTER, AND DISTRIBUTE FUNDS TO PROMOTE AND ENCOURAGE RESEARCH, SCHOLARSHIP, CREATIVE ACTIVITIES, AND OTHER APPLIED RESEARCH AND TECHNOLOGY AT CMU.

  • ASSISTED VARIOUS COMPANIES BY PROVIDING THEM WITH MARKET RESEARCH AND START UP SUPPORT.

    Expenses $1,486,892 · Revenue $91,794

As filed on the 2022 return.

Listed in Part VII

  • Robert O Davies

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mary Hill

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Toby Roth

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Todd Anson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Ford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Messing

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shawna Patterson-Stephens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Veilleux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melinda Coffin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Raymond Gunn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Raquel Ledesma-Perez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dwayne Powell Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Ward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Stoutenburg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Felicia Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erin Strang

    PRESIDENT/CE

    Total calculated
    $164,305
    From this org
    $143,163
    From related orgs
    $0
    Other
    $21,142
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,163
    Bonus
    not reported
    Other
    not reported
    Deferred
    $14,462
    Nontaxable benefits
    $6,680
    Filer's total
    $164,305

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
7 September 2023
IRS schema version
2022v5.0
Source object
202322519349300412

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