Civic Intelligence

Keweenaw Economic Development Alliance

990EZ • Fiscal year 2014 • EIN 23-7314061

Jan 01, 2014 to Dec 31, 2014 • Filed on May 13, 2015

Organization ProfileWWW.KEDABIZ.COM
600 E Lakeshore DriveHoughton, MI 49931

(906) 482-6817

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2014

Net Margin

9th percentile

-41%

Higher net margin than 9% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

18th percentile

-23%

Faster asset growth than 18% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

25th percentile

-17%

Faster revenue growth than 25% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$266,202

Down $80,383 (-23%) from 2013

Net Assets

Down

$266,202

Down $44,416 (-14%) from 2013

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin9th percentile

Revenue

Down

$108,181

Down $22,165 (-17%) from 2013

Expenses

Up

$152,597

Up $22,506 (+17%) from 2013

Net Income

Down

-$44,416

Down $44,671 (-17518%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $340,692Liabilities 2011: $37,469Net Assets 2011: $303,2232011Assets 2012: $355,066Liabilities 2012: $44,701Net Assets 2012: $310,3652012Assets 2013: $346,585Liabilities 2013: $35,967Net Assets 2013: $310,6182013Assets 2014: $266,202Net Assets 2014: $266,2022014Assets 2015: $294,938Liabilities 2015: $500Net Assets 2015: $294,4382015Assets 2016: $352,344Net Assets 2016: $352,3442016Assets 2017: $350,613Liabilities 2017: $17,501Net Assets 2017: $333,1122017Assets 2018: $360,773Liabilities 2018: $2,435Net Assets 2018: $358,3382018Assets 2019: $348,251Net Assets 2019: $348,2512019Assets 2020: $321,186Net Assets 2020: $321,1862020Assets 2021: $373,456Liabilities 2021: $35,161Net Assets 2021: $338,2952021Assets 2022: $402,736Liabilities 2022: $34,966Net Assets 2022: $367,7702022Assets 2023: $444,740Liabilities 2023: $38,715Net Assets 2023: $406,0252023Assets 2024: $699,145Liabilities 2024: $0Net Assets 2024: $699,1452024

Highlighted filing

2014

Assets$266,202
Liabilities-
Net Assets$266,202
Open 2014 Filing

Operations Trend

Revenue Growth25th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $116,836Expenses 2011: $103,831Net Income 2011: $13,0052011Revenue 2012: $125,374Expenses 2012: $118,233Net Income 2012: $7,1412012Revenue 2013: $130,346Expenses 2013: $130,091Net Income 2013: $2552013Revenue 2014: $108,181Expenses 2014: $152,597Net Income 2014: -$44,4162014Revenue 2015: $146,606Expenses 2015: $118,368Net Income 2015: $28,2382015Revenue 2016: $171,687Expenses 2016: $113,775Net Income 2016: $57,9122016Revenue 2017: $169,225Expenses 2017: $188,901Net Income 2017: -$19,6762017Revenue 2018: $149,291Expenses 2018: $124,084Net Income 2018: $25,2072018Revenue 2019: $137,323Expenses 2019: $147,399Net Income 2019: -$10,0762019Revenue 2020: $162,612Expenses 2020: $189,650Net Income 2020: -$27,0382020Revenue 2021: $172,635Expenses 2021: $155,561Net Income 2021: $17,0742021Revenue 2022: $179,461Expenses 2022: $149,939Net Income 2022: $29,5222022Revenue 2023: $235,743Expenses 2023: $197,444Net Income 2023: $38,2992023Revenue 2024: $522,303Expenses 2024: $234,564Net Income 2024: $287,7392024

Highlighted filing

2014

Revenue$108,181
Expenses$152,597
Net Income-$44,416
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 13, 2015
Return Version
2014v5.0
Gross Receipts
$108,181
Mission and Program Overview

Mission

Improving the economy of the keweenaw region in order to relieve poverty and lessen neighborhood tension caused by the lack of jobs, combat community deterioration by stabilizing and rehabilitating downtown buildings, developing a mix of housing, establishing new businesses, growing existing businesses, eliminating conditions of blight, and providing benefit to the under and unemployed.

Assisted local companies with start-up and/or expansion, supported the aims of the council through interaction with governmental units, local institutions, civic and business groups in the area

Program Services

DescriptionGrantsExpenses
ASSISTED LOCAL COMPANIES WITH START-UP AND/OR EXPANSION, SUPPORTED THE AIMS OF THE COUNCIL THROUGH INTERACTION WITH GOVERNMENTAL UNITS, LOCAL INSTITUTIONS, CIVIC AND BUSINESS GROUPS IN THE AREA.-$111,294
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVE PALOSAARIVice Preside-$0--
JEFF RATCLIFFEExecutive Di-$0--
JIM BAKERPresident-$0--
BRIAN HELMINENSecretary-$0--
BRIAN BACCUSMember-$0--
KEVIN CODEREMember-$0--
CHUCK NELSONMember-$0--
STEVE WILLIAMSMember-$0--
Filing and Contact Details

Filer

Filer Name
Keweenaw Economic Development
EIN
23-7314061
Phone
9064826817
Address
600 E LAKESHORE DRIVE, HOUGHTON, MI 49931

Signing Officer

Name
Jeff Ratcliffe
Title
Executive Director
Phone
9064826817
Signed
2015-05-13
Discuss with paid preparer
Yes

Preparer

Firm
Randy Malueg CPA
Address
1401 N 26TH ST STE 203, ESCANABA, MI 49829-2500
Preparer
Randy Malueg CPA
Phone
9062171040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses office supplies 207 office equipment 149 travel 4,141 conferences/meetings 3,275 insurance 1,202 bank charges 540 contract services 86,589 internet 49 telephone 652 misc 568 meals 769 loan write off - bad debt 44,936 non-investment depreciation 145 total 143,222”

Form 990-ez, Part II, Line 24

“Accounts receivable 0 875 keweenaw scrap tire 25,087 0 backstreet cafe inc 25,849 5,500 lanse mfg 20,934 21,717 locos amigos 37,674 40,070 keweenaw specialty woods 17,072 13,271 lasalle tech 0 49,198 4,897 4,897 less accumulated depreciation 4,493 4,637 total 127,020 130,891”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 3,120 0 prepaid dues 32,847 0”

Form 990-ez, Part III

“Assisted local companies with start-up and/or expansion, supported the aims of the council through interaction with governmental units, local institutions, civic and business groups in the area”

Raw XML Appendix128 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt0600 E LAKESHORE DRIVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HOUGHTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd049931
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0219565
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0135311
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
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IRS990EZ/ExcessOrDeficitForYearAmt0-44416
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IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0STEVE PALOSAARI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JEFF RATCLIFFE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JIM BAKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3BRIAN HELMINEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BRIAN BACCUS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5KEVIN CODERE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6CHUCK NELSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7STEVE WILLIAMS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4MEMBER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0127020
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0130891
IRS990EZ/OtherExpensesTotalAmt0143222
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0ASSISTED LOCAL COMPANIES WITH START-UP AND/OR EXPANSION, SUPPORTED THE AIMS OF THE COUNCIL THROUGH INTERACTION WITH GOVERNMENTAL UNITS, LOCAL INSTITUTIONS, CIVIC AND BUSINESS GROUPS IN THE AREA
IRS990EZ/PrintingPublicationsPostageAmt01599
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ASSISTED LOCAL COMPANIES WITH START-UP AND/OR EXPANSION, SUPPORTED THE AIMS OF THE COUNCIL THROUGH INTERACTION WITH GOVERNMENTAL UNITS, LOCAL INSTITUTIONS, CIVIC AND BUSINESS GROUPS IN THE AREA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0111294
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationAssocInd0X
IRS990EZ/WebsiteAddressTxt0WWW.KEDABIZ.COM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE SUPPLIES 207 OFFICE EQUIPMENT 149 TRAVEL 4,141 CONFERENCES/MEETINGS 3,275 INSURANCE 1,202 BANK CHARGES 540 CONTRACT SERVICES 86,589 INTERNET 49 TELEPHONE 652 MISC 568 MEALS 769 LOAN WRITE OFF - BAD DEBT 44,936 NON-INVESTMENT DEPRECIATION 145 TOTAL 143,222
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 0 875 KEWEENAW SCRAP TIRE 25,087 0 BACKSTREET CAFE INC 25,849 5,500 LANSE MFG 20,934 21,717 LOCOS AMIGOS 37,674 40,070 KEWEENAW SPECIALTY WOODS 17,072 13,271 LASALLE TECH 0 49,198 4,897 4,897 LESS ACCUMULATED DEPRECIATION 4,493 4,637 TOTAL 127,020 130,891
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 3,120 0 PREPAID DUES 32,847 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ASSISTED LOCAL COMPANIES WITH START-UP AND/OR EXPANSION, SUPPORTED THE AIMS OF THE COUNCIL THROUGH INTERACTION WITH GOVERNMENTAL UNITS, LOCAL INSTITUTIONS, CIVIC AND BUSINESS GROUPS IN THE AREA
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02016-04-25 22:37:26Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JEFF RATCLIFFE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09064826817
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KEWEENAW ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ALLIANCE
ReturnHeader/Filer/BusinessNameControlTxt0KEWE
ReturnHeader/Filer/EIN0237314061
ReturnHeader/Filer/PhoneNum09064826817
ReturnHeader/Filer/USAddress/AddressLine1Txt0600 E LAKESHORE DRIVE
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0455109158
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RANDY MALUEG CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01401 N 26TH ST STE 203
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ESCANABA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0498292500
ReturnHeader/PreparerPersonGrp/PhoneNum09062171040
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RANDY MALUEG CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-05-15T12:54:04-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$266,202
Liabilities
-
Net assets
$266,202
Revenue
$108,181
Expenses
$152,597
Net income
-$44,416
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.99$0.00$6.99$5.22$2.35$2.88
2023Detailed filing. Detailed filing data is available for this year.$4.45$0.39$4.06$2.36$1.97$0.38
2022Detailed filing. Detailed filing data is available for this year.$4.03$0.35$3.68$1.79$1.50$0.30
2021Detailed filing. Detailed filing data is available for this year.$3.73$0.35$3.38$1.73$1.56$0.17
2020Detailed filing. Detailed filing data is available for this year.$3.21$3.21$1.63$1.90$0.27
2019Detailed filing. Detailed filing data is available for this year.$3.48$3.48$1.37$1.47$0.10
2018Detailed filing. Detailed filing data is available for this year.$3.61$0.02$3.58$1.49$1.24$0.25
2017Detailed filing. Detailed filing data is available for this year.$3.51$0.18$3.33$1.69$1.89$0.20
2016Detailed filing. Detailed filing data is available for this year.$3.52$3.52$1.72$1.14$0.58
2015Detailed filing. Detailed filing data is available for this year.$2.95$0.01$2.94$1.47$1.18$0.28
2014Detailed filing. Detailed filing data is available for this year.$2.66$2.66$1.08$1.53$0.44
2013Detailed filing. Detailed filing data is available for this year.$3.47$0.36$3.11$1.30$1.30$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.55$0.45$3.10$1.25$1.18$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$0.37$3.03$1.17$1.04$0.13