Civic Intelligence

Great Lakes Commerical Finance

990 • Fiscal year 2018 • EIN 38-2467385

Oct 01, 2017 to Sep 30, 2018 • Filed on Apr 05, 2019

Organization ProfileWWW.GROWMICHIGAN.COM
1345 Monroe NW Suite 132Grand Rapids, MI 49505

(616) 459-4825

Siviq Scores

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

Liabilities / Assets

54th percentile

0.08x

Higher debt load relative to assets than 54% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

45th percentile

0.07x

Higher debt load relative to revenue than 45% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Net Margin

62nd percentile

13%

Higher net margin than 62% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

75th percentile

9.2%

Faster asset growth than 75% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

78th percentile

20%

Faster revenue growth than 78% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$1,131,096

Up $95,717 (+9.2%) from 2017

Net Assets

Up

$1,036,821

Up $166,357 (+19%) from 2017

Liabilities

Down

$94,275

Down $70,640 (-43%) from 2017

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin62nd percentile

Revenue

Up

$1,316,983

Up $218,363 (+20%) from 2017

Expenses

Up

$1,150,626

Up $140,404 (+14%) from 2017

Net Income

Up

$166,357

Up $77,959 (+88%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $851,777Liabilities 2011: $86,398Net Assets 2011: $765,3792011Assets 2012: $759,669Liabilities 2012: $44,350Net Assets 2012: $715,3192012Assets 2013: $794,574Liabilities 2013: $78,412Net Assets 2013: $716,1622013Assets 2014: $842,449Liabilities 2014: $99,878Net Assets 2014: $742,5712014Assets 2015: $896,586Liabilities 2015: $95,425Net Assets 2015: $801,1612015Assets 2016: $871,435Liabilities 2016: $89,369Net Assets 2016: $782,0662016Assets 2017: $1,035,379Liabilities 2017: $164,915Net Assets 2017: $870,4642017Assets 2018: $1,131,096Liabilities 2018: $94,275Net Assets 2018: $1,036,8212018Assets 2019: $1,406,085Liabilities 2019: $156,869Net Assets 2019: $1,249,2162019Assets 2020: $3,887,620Liabilities 2020: $150,507Net Assets 2020: $3,737,1132020Assets 2021: $4,389,271Liabilities 2021: $671,411Net Assets 2021: $3,717,8602021Assets 2022: $3,934,233Liabilities 2022: $351,629Net Assets 2022: $3,582,6042022Assets 2023: $4,330,695Liabilities 2023: $252,872Net Assets 2023: $4,077,8232023Assets 2024: $5,065,288Liabilities 2024: $222,681Net Assets 2024: $4,842,6072024Assets 2025: $5,337,240Liabilities 2025: $307,686Net Assets 2025: $5,029,5542025

Highlighted filing

2018

Assets$1,131,096
Liabilities$94,275
Net Assets$1,036,821
Open 2018 Filing

Operations Trend

Revenue Growth78th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $653,2712011Revenue 2012: $738,282Expenses 2012: $788,342Net Income 2012: -$50,0602012Revenue 2013: $845,312Expenses 2013: $844,468Net Income 2013: $8442013Revenue 2014: $877,607Expenses 2014: $851,198Net Income 2014: $26,4092014Revenue 2015: $896,922Expenses 2015: $838,332Net Income 2015: $58,5902015Revenue 2016: $203,516Expenses 2016: $211,545Net Income 2016: -$8,0292016Revenue 2017: $1,098,620Expenses 2017: $1,010,222Net Income 2017: $88,3982017Revenue 2018: $1,316,983Expenses 2018: $1,150,626Net Income 2018: $166,3572018Revenue 2019: $1,383,793Expenses 2019: $1,183,310Net Income 2019: $200,4832019Revenue 2020: $4,104,025Expenses 2020: $1,607,755Net Income 2020: $2,496,2702020Revenue 2021: $1,475,074Expenses 2021: $1,494,327Net Income 2021: -$19,2532021Revenue 2022: $1,746,446Expenses 2022: $1,881,702Net Income 2022: -$135,2562022Revenue 2023: $2,071,600Expenses 2023: $1,632,678Net Income 2023: $438,9222023Revenue 2024: $2,481,008Expenses 2024: $1,716,224Net Income 2024: $764,7842024Revenue 2025: $2,368,379Expenses 2025: $2,181,432Net Income 2025: $186,9472025

Highlighted filing

2018

Revenue$1,316,983
Expenses$1,150,626
Net Income$166,357
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Apr 5, 2019
Return Version
2017v2.3
Gross Receipts
$1,317,025
Mission and Program Overview

Mission

Promotion of economic development and growth

Stimulation of economic development throughout the state of michigan by promoting and assisting growth and development of business concerns.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$943,007$1,018,186▲ $75,179
Accounts Receivable$54,090$69,234▲ $15,144
Land, Buildings, and Equipment, Net$18,849$23,043▲ $4,194
Prepaid Expenses and Deferred Charges$16,211$15,834▼ $377
Total Assets$1,035,379$1,131,096▲ $95,717
Other Assets Total$3,222$4,799▲ $1,577
Liabilities
Other Liabilities$84,260$56,298▼ $27,962
Accounts Payable and Accrued Expenses$80,655$37,977▼ $42,678
Total Liabilities$164,915$94,275▼ $70,640
Net Assets / Fund Balance
Unrestricted Net Assets$870,464$1,036,821▲ $166,357
Total Net Assets Fund Balance$870,464$1,036,821▲ $166,357
Total Liabilities and Net Assets / Fund Balance$1,035,379$1,131,096▲ $95,717

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$14,891$69,174$84,065
Leasehold Improvements$8,152$15,238$23,390
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseOtherTotal
Bradd PierceSales Rep.$154,583$5,156$159,739
Julie ParkerPresident$115,769$12,632$128,401

Board Members and Trustees

NameTitle
Dan DebaarChairman
Nancy BoeseVice Chairma
Andy JacksonDirector
Cerise SemrinecDirector
Dennis RoudiDirector
Kara WoodDirector
Matt HoeksemaDirector
Mitchell BlueDirector
Steve WilsonDirector
Wendy TimminsDirector
Daniel OegemaAssistant Se
Herman JohnsonSecreatary
Dave DuponTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,312,805
Investment Income
$4,178
Other Revenue
$0
Change in Net Assets
$166,357

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,316,983
Revenue Not Reported on Form 990
$42
Total Revenue per Audited Statements
$1,317,025
Total Revenue per Form 990
$1,316,983
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$756,345
Other Expenses$394,281
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$459,166$61,260-$520,426
Current Officers, Directors, Trustees, and Key Employees$100,013$33,338-$133,351
All Other Expenses$43,855$12,664-$56,519
Occupancy$47,746$8,426-$56,172
Payroll Taxes$43,771$7,405-$51,176
Other Employee Benefits$27,732$4,692-$32,424
Conferences and Meetings$22,457--$22,457
Other Expenses$20,921$4,199-$20,921
Pension Plan Contributions$16,223$2,745-$18,968
Travel$18,824--$18,824
Fees for Services Accounting-$13,485-$13,485
Depreciation Depletion-$9,426-$9,426
Total Functional Expenses$956,347$194,279$0$1,150,626

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,150,668
Expenses per Audited Statements$1,150,626
Total Expenses per Form 990$1,150,626
Expenses Not Reported on Form 990$42
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$56,298
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“MEMBERS”

Form 990, Page 6, Part VI, Line 7A

“Members elect board of directors”

Form 990, Page 6, Part VI, Line 7B

“YES, ANNUAL BUDGET”

Form 990, Page 6, Part VI, Line 11B

“A copy of the 990 is provided to the board for their review and approval before the return is filed with the irs.”

Form 990, Page 6, Part VI, Line 12C

“Economic development foundation encourages all directors, officers, and employees to report and to assist in any investigation by any law enforcement or regulatory agency or other persons legally authorized for such matter in the following: 1) illegal or fraudulent activity and 2) questionable accounting, internal controls and auditing matters.”

Form 990, Page 6, Part VI, Line 15A

“The compensation of the executive director is included in the budget which is approved by the board of directors. Also, the national association of development companies (nadco) releases a biannual survey that includes the yearly compensation of executive directors and other officers and key employees. The board uses the results of the survey to help determine compensation.”

Form 990, Page 6, Part VI, Line 15B

“The national association of development companies (nadco) releases a biannual survey that includes the yearly compensation of executive directors and other officers and key employees. The board uses the results of the survey to help determine compensation.”

Form 990, Page 6, Part VI, Line 19

“A copy of the form 990 is made available for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Economic Development Foundation -
EIN
38-2467385
Phone
6164594825
Address
1345 MONROE NW SUITE 132, GRAND RAPIDS, MI 49505

Signing Officer

Name
Julie Parker
Title
President
Phone
6164594825
Signed
2019-04-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Parker
Voting Board Members
12
Independent Board Members
12
Employees
10

Preparer

Firm
H&s Companies Pc
Address
4575 LAKE MICHIGAN DR NW, GRAND RAPIDS, MI 49534
Preparer
Hilary B Smith
Phone
6164538551
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Stimulation of economic development throughout the state of michigan by promoting and assisting growth and development of business concerns by offering fixed asset financing through the small business administration's 504 loan program.”

Form 990, Part XI, Line 9

“Loss on disposal of assets 42 loss on disposal of assets -42”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Loss on disposal of assets 42”

Schedule D, Page 4, Part XII, Line 2D

“Loss on disposal of assets 42”

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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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IRS990/OtherAssetsTotalGrp/EOYAmt04799
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04692
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt027732
IRS990/OtherEmployeeBenefitsGrp/TotalAmt032424
IRS990/OtherExpensesGrp/Desc0PROMOTION
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL
IRS990/OtherExpensesGrp/Desc2OFFICE EXPENSE
IRS990/OtherExpensesGrp/Desc3DUES & MEMBERSHIPS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt036639
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14199
IRS990/OtherExpensesGrp/ProgramServicesAmt0131845
IRS990/OtherExpensesGrp/ProgramServicesAmt123794
IRS990/OtherExpensesGrp/ProgramServicesAmt220921
IRS990/OtherExpensesGrp/TotalAmt0131845
IRS990/OtherExpensesGrp/TotalAmt136639
IRS990/OtherExpensesGrp/TotalAmt227993
IRS990/OtherExpensesGrp/TotalAmt320921
IRS990/OtherLiabilitiesGrp/BOYAmt084260
IRS990/OtherLiabilitiesGrp/EOYAmt056298
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt061260
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0459166
IRS990/OtherSalariesAndWagesGrp/TotalAmt0520426
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07405
IRS990/PayrollTaxesGrp/ProgramServicesAmt043771
IRS990/PayrollTaxesGrp/TotalAmt051176
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02745
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt016223
IRS990/PensionPlanContributionsGrp/TotalAmt018968
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016211
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015834
IRS990/PrincipalOfficerNm0JULIE PARKER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SERVICING FEES
IRS990/ProgramServiceRevenueGrp/Desc1ORIGINATION FEES
IRS990/ProgramServiceRevenueGrp/Desc2FLOAT INCOME
IRS990/ProgramServiceRevenueGrp/Desc3LATE FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc4OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0860467
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1364812
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt284682
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32806
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt438
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0860467
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1364812
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt284682
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32806
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt438
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03234
IRS990/PYOtherExpensesAmt0349923
IRS990/PYProgramServiceRevenueAmt01095386
IRS990/PYRevenuesLessExpensesAmt088398
IRS990/PYSalariesCompEmpBnftPaidAmt0660299
IRS990/PYTotalExpensesAmt01010222
IRS990/PYTotalRevenueAmt01098620
IRS990/ReconcilationRevenueExpnssAmt0166357
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01312805
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0943007
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01018186
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotReportedAmt042
IRS990ScheduleD/ExpensesSubtotalAmt01150626
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08152
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt015238
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt023390
IRS990ScheduleD/OtherExpensesIncludedAmt042
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt014891
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt069174
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt084065
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt056298
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherRevenueAmt042
IRS990ScheduleD/RevenueNotReportedAmt042
IRS990ScheduleD/RevenueSubtotalAmt01316983
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LOSS ON DISPOSAL OF ASSETS 42
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON DISPOSAL OF ASSETS 42
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023043
IRS990ScheduleD/TotalExpensesPerForm990Amt01150626
IRS990ScheduleD/TotalLiabilityAmt056298
IRS990ScheduleD/TotalRevenuePerForm990Amt01316983
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01317025
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01150668
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0154583
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt05156
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRADD PIERCE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SALES REP.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0159739
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STIMULATION OF ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF MICHIGAN BY PROMOTING AND ASSISTING GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS BY OFFERING FIXED ASSET FINANCING THROUGH THE SMALL BUSINESS ADMINISTRATION'S 504 LOAN PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS ELECT BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3YES, ANNUAL BUDGET
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE 990 IS PROVIDED TO THE BOARD FOR THEIR REVIEW AND APPROVAL BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ECONOMIC DEVELOPMENT FOUNDATION ENCOURAGES ALL DIRECTORS, OFFICERS, AND EMPLOYEES TO REPORT AND TO ASSIST IN ANY INVESTIGATION BY ANY LAW ENFORCEMENT OR REGULATORY AGENCY OR OTHER PERSONS LEGALLY AUTHORIZED FOR SUCH MATTER IN THE FOLLOWING: 1) ILLEGAL OR FRAUDULENT ACTIVITY AND 2) QUESTIONABLE ACCOUNTING, INTERNAL CONTROLS AND AUDITING MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS INCLUDED IN THE BUDGET WHICH IS APPROVED BY THE BOARD OF DIRECTORS. ALSO, THE NATIONAL ASSOCIATION OF DEVELOPMENT COMPANIES (NADCO) RELEASES A BIANNUAL SURVEY THAT INCLUDES THE YEARLY COMPENSATION OF EXECUTIVE DIRECTORS AND OTHER OFFICERS AND KEY EMPLOYEES. THE BOARD USES THE RESULTS OF THE SURVEY TO HELP DETERMINE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE NATIONAL ASSOCIATION OF DEVELOPMENT COMPANIES (NADCO) RELEASES A BIANNUAL SURVEY THAT INCLUDES THE YEARLY COMPENSATION OF EXECUTIVE DIRECTORS AND OTHER OFFICERS AND KEY EMPLOYEES. THE BOARD USES THE RESULTS OF THE SURVEY TO HELP DETERMINE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8A COPY OF THE FORM 990 IS MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9LOSS ON DISPOSAL OF ASSETS 42 LOSS ON DISPOSAL OF ASSETS -42
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01035379
IRS990/TotalAssetsEOYAmt01131096
IRS990/TotalAssetsGrp/BOYAmt01035379
IRS990/TotalAssetsGrp/EOYAmt01131096
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0194279
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0956347
IRS990/TotalFunctionalExpensesGrp/TotalAmt01150626
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0164915
IRS990/TotalLiabilitiesEOYAmt094275
IRS990/TotalLiabilitiesGrp/BOYAmt0164915
IRS990/TotalLiabilitiesGrp/EOYAmt094275
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0870464
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01036821
IRS990/TotalOtherCompensationAmt017788
IRS990/TotalProgramServiceExpensesAmt0956347
IRS990/TotalProgramServiceRevenueAmt01312805
IRS990/TotalReportableCompFromOrgAmt0270352
IRS990/TotalRevenueGrp/ExclusionAmt04220
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01312763
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01316983
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01035379
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01131096
IRS990/TravelGrp/ProgramServicesAmt018824
IRS990/TravelGrp/TotalAmt018824
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0870464
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01036821
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01345 MONROE NW SUITE 132
IRS990/USAddress/CityNm0GRAND RAPIDS
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049504
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.GROWMICHIGAN.COM
IRS990/WhistleblowerPolicyInd0true

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,131,096
Liabilities
$94,275
Net assets
$1,036,821
Revenue
$1,316,983
Expenses
$1,150,626
Net income
$166,357
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.34$0.31$5.03$2.37$2.18$0.19
2024Detailed filing. Detailed filing data is available for this year.$5.07$0.22$4.84$2.48$1.72$0.76
2023Detailed filing. Detailed filing data is available for this year.$4.33$0.25$4.08$2.07$1.63$0.44
2022Detailed filing. Detailed filing data is available for this year.$3.93$0.35$3.58$1.75$1.88$0.14
2021Detailed filing. Detailed filing data is available for this year.$4.39$0.67$3.72$1.48$1.49$0.02
2020Detailed filing. Detailed filing data is available for this year.$3.89$0.15$3.74$4.10$1.61$2.50
2019Detailed filing. Detailed filing data is available for this year.$1.41$0.16$1.25$1.38$1.18$0.20
2018Detailed filing. Detailed filing data is available for this year.$1.13$0.09$1.04$1.32$1.15$0.17
2017Detailed filing. Detailed filing data is available for this year.$1.04$0.16$0.87$1.10$1.01$0.09
2016Summary only. Only limited summary data is available for this year.$0.87$0.09$0.78$0.20$0.21$0.01
2015Summary only. Only limited summary data is available for this year.$0.90$0.10$0.80$0.90$0.84$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.84$0.10$0.74$0.88$0.85$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.08$0.72$0.85$0.84$0.00
2012Summary only. Only limited summary data is available for this year.$0.76$0.04$0.72$0.74$0.79$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.09$0.77$0.65