M Club Of The University Of Michigan
- Assets
- $427.7k
- Revenue
- $75.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Ann Arbor, MI
- Founding
- 04/1979
- Data as of
- 06/2022
- EIN
- 38-2222745
Organization Overview
M Club Of The University Of Michigan, operating under the name Letterwinners M Club, is located in Ann Arbor, MI. The organization was established in 1979. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Letterwinners M Club is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Letterwinners M Club generated $75.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $63.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (16.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LETTERWINNERS M CLUB STRIVES TO PERPETUATE THE MICHIGAN TRADITION BY PROMOTING THE EXCELLENCE AND LEADERSHIP OF THE UNIVERSITY OF MICHIGAN ATHLETIC PROGRAM, AND BY FOSTERING ENDURING RELATIONSHIPS AMONG ALL M MEN AND WOMEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL GATHERINGS TO PROMOTE AND SUPPORT UNIVERSITY OF MICHIGAN ACTIVITIES AND ATHLETICS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Stevens President | OfficerTrustee | 2 | $0 |
Debbie Stephens Vice Preside | OfficerTrustee | 2 | $0 |
Stefanie Kerska Secretary | OfficerTrustee | 2 | $0 |
David Harlock Treasurer | OfficerTrustee | 2 | $0 |
Jodi Bullinger Board Member | Trustee | 2 | $0 |
Hud Englehart Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $29,829 |
| Fundraising events | $19,580 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,563 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,972 |
| Total Program Service Revenue | $0 |
| Investment income | $8,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,886 |
| Net Income from Fundraising Events | $2,803 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $60 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $157 |
| Payroll taxes | $1,457 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,633 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,174 |
| Office expenses | $293 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $169 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,266 |
| All other expenses | $997 |
| Total functional expenses | $63,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,985 |
| Savings and temporary cash investments | $359,701 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $427,686 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $427,686 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $427,686 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that M Club Of The University Of Michigan has recieved totaling $585,860.
| Awarding Organization | Amount |
|---|---|
Alexander M Nick And Ellen M Nick Foundation Southfield, MI PURPOSE: PROFESSORSHIPFUND | $312,500 |
Charles H Gershenson Tr Ua 081077 Bloomfield Hills, MI PURPOSE: TO PROMOTE EDUCATION THROUGH CAPITAL GRANTS AND/OR OPERATIONAL FUNDING TO THE SCHOOL OF MUSIC, THEATRE AND DANCE, MUSCULOSKELETAL MEDICINE, AND THE UNIVERSITY MUSICAL SOCIETY, AND ACADEMIC SUPPORT FOR STUDENT ATHLETES. | $117,500 |
J Ira And Nicki Harris Familyfoundation Inc West Palm Beach, FL PURPOSE: GENERAL | $62,400 |
Jenny H & Otto F Krauss Charitable Foundation Raleigh, NC PURPOSE: EDUCATIONAL NEEDS | $30,000 |
Towerbrook Foundation New York, NY PURPOSE: EVAN D. GOLDMAN FAMILY SCHOLARSHIP FUND | $20,000 |
Haley Sperling Memorial Foundation Chicago, IL PURPOSE: EDUCATIONAL | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana University Alumni Association Inc Bloomington, IN | $31,479,674 | $10,109,353 |
Center For Advanced Studies In Business Inc Madison, WI | $9,461,883 | $6,530,338 |
University Of Wisconsin Medical Alumni Association Inc Madison, WI | $0 | $0 |
Purdue Alumni Association Inc Memorial Union Building West Lafayette, IN | $28,454,716 | $5,513,832 |
Case Alumni Associationincorporated Cleveland, OH | $4,548,848 | $4,106,693 |
University School Alumni Assoc Shaker Heights, OH | $141,981 | $3,476,186 |
University Of The Philippines Medical Alumni Society In America Lafayette, IN | $12,245,411 | $1,758,364 |
Forest Hills Pto & Boosters Council Grand Rapids, MI | $1,625,695 | $1,126,806 |
Classic For Columbus Columbus, OH | $299,061 | $1,056,060 |
Phi Alumnae Of Delta Gamma Inc Columbus, OH | $2,783,328 | $1,124,914 |
Beta Beta Housing Corporation Of Sigma Delta Tau At Michigan State Bloomfield Hills, MI | $236,195 | $527,410 |
Camp Eberhart Alumni Association Inc Angola, IN | $1,136,079 | $877,575 |