Liabilities / Assets
63rd percentile
Higher debt load relative to assets than 63% of similar nonprofits.
990 • Fiscal year 2017 • EIN 38-2467385
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
63rd percentile
Higher debt load relative to assets than 63% of similar nonprofits.
Liabilities / Revenue
55th percentile
Higher debt load relative to revenue than 55% of similar nonprofits.
Net Margin
53rd percentile
Higher net margin than 53% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
85th percentile
Faster asset growth than 85% of similar nonprofits.
Revenue Growth
98th percentile
Faster revenue growth than 98% of similar nonprofits.
Assets
Up$1,035,379
Up $163,944 (+19%) from 2016
Net Assets
Up$870,464
Up $88,398 (+11%) from 2016
Liabilities
Up$164,915
Up $75,546 (+85%) from 2016
Revenue
Up$1,098,620
Up $895,104 (+440%) from 2016
Expenses
Up$1,010,222
Up $798,677 (+378%) from 2016
Net Income
Up$88,398
Up $96,427 (+1201%) from 2016
Promotion of economic development and growth
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $786,806 | $943,007 | ▲ $156,201 |
| Accounts Receivable | $43,982 | $54,090 | ▲ $10,108 |
| Land, Buildings, and Equipment, Net | $27,985 | $18,849 | ▼ $9,136 |
| Prepaid Expenses and Deferred Charges | $10,701 | $16,211 | ▲ $5,510 |
| Total Assets | $871,435 | $1,035,379 | ▲ $163,944 |
| Other Assets Total | $1,961 | $3,222 | ▲ $1,261 |
| Liabilities | |||
| Other Liabilities | $85,112 | $84,260 | ▼ $852 |
| Accounts Payable and Accrued Expenses | $4,257 | $80,655 | ▲ $76,398 |
| Total Liabilities | $89,369 | $164,915 | ▲ $75,546 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $782,066 | $870,464 | ▲ $88,398 |
| Total Net Assets Fund Balance | $782,066 | $870,464 | ▲ $88,398 |
| Total Liabilities and Net Assets / Fund Balance | $871,435 | $1,035,379 | ▲ $163,944 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $18,849 | $93,336 | $112,185 |
| Name | Title | Base | Total |
|---|---|---|---|
| Bradd Pierce | Sales Rep. | $111,845 | $111,845 |
| Julie Parker | President | $93,188 | $93,188 |
| Name | Title |
|---|---|
| Daniel Debaar | Chairman of |
| Nancy Boese | Vice Chairpe |
| Andy Jackosn | Director |
| Dennis Roudi | Director |
| Kara Wood | Director |
| Marla Huizing | Director |
| Mitchell Blue | Director |
| Wendy Timmins | Director |
| Daniel Oegema | Assistant Se |
| Herman Johnson | Secretary |
| David Dupon | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $660,299 |
| Other Expenses | $349,923 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $497,599 | $52,827 | - | $550,426 |
| Payroll Taxes | $52,529 | $5,577 | - | $58,106 |
| Travel | $48,346 | - | - | $48,346 |
| Fees for Services Legal | $42,458 | - | - | $42,458 |
| Occupancy | $34,145 | $6,025 | - | $40,170 |
| Other Employee Benefits | $30,765 | $3,267 | - | $34,032 |
| Advertising | $28,235 | - | - | $28,235 |
| Office Expenses | $18,680 | $3,296 | - | $21,976 |
| Pension Plan Contributions | $16,033 | $1,702 | - | $17,735 |
| Conferences and Meetings | $15,000 | - | - | $15,000 |
| Depreciation Depletion | - | $11,368 | - | $11,368 |
| Other Expenses | $9,442 | $2,114 | - | $9,442 |
| Insurance | - | $8,353 | - | $8,353 |
| All Other Expenses | $2,449 | $485 | - | $2,934 |
| Fees for Services Accounting | $1,674 | - | - | $1,674 |
| Total Functional Expenses | $915,208 | $95,014 | $0 | $1,010,222 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,010,222 |
| Total Expenses per Audited Statements | $1,010,222 |
| Total Expenses per Form 990 | $1,010,222 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Deposits | $84,260 |
“MEMBERS”
“Members elect board of directors”
“YES, ANNUAL BUDGET”
“Julie parker 1345 monroe nw suite 132 grand rapids, mi 49504”
“A copy of the 990 is provided to the board for their review and approval before the return is filed with the irs.”
“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.”
“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.”
“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.”
“A copy of the form 990 is made available for public inspection up request.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 4257 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 80655 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 43982 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 54090 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | PROMOTION OF ECONOMIC DEVELOPMENT AND GROWTH |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 28235 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 28235 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 485 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 2449 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 2934 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | JULIE PARKER |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6164594825 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1345 MONROE NW |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt | 0 | STE 132 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | GRAND RAPIDS |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 49505 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 15000 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 15000 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 3234 |
| IRS990/CYOtherExpensesAmt | 0 | 349923 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 1095386 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 88398 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 660299 |
| IRS990/CYTotalExpensesAmt | 0 | 1010222 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1098620 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | true |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 11368 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 11368 |
| IRS990/Desc | 0 | 43 SBA LOANS FUNDED TOTALING 27,417,000 IN LOAN DOLLARS. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 9 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 915208 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 1674 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 1674 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 42458 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 42458 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | MARLA HUIZING |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | DANIEL DEBAAR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | WENDY TIMMINS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | HERMAN JOHNSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | NANCY BOESE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | MITCHELL BLUE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | DANIEL OEGEMA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | DAVID DUPON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | DENNIS ROUDI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | KARA WOOD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | ANDY JACKOSN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | JULIE PARKER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | BRADD PIERCE |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 93188 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 111845 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | CHAIRMAN OF |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | VICE CHAIRPE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | ASSISTANT SE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | SALES REP. |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 11 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 1098620 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 11 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 8353 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 8353 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 3234 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 3234 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 93336 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 27985 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 18849 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 112185 |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | PROMOTION OF ECONOMIC DEVELOPMENT AND GROWTH |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 782066 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 870464 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 6025 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 34145 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 40170 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 3296 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 18680 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 21976 |
| IRS990/OfficerMailingAddressInd | 0 | true |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 1961 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 3222 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 3267 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 30765 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 34032 |
| IRS990/OtherExpensesGrp/Desc | 0 | COMMISSIONS |
| IRS990/OtherExpensesGrp/Desc | 1 | TELEPHONE |
| IRS990/OtherExpensesGrp/Desc | 2 | BUSINESS MEETINGS |
| IRS990/OtherExpensesGrp/Desc | 3 | DUES & MEMBERSHIPS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 2114 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 98867 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 8457 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 10529 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 9442 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 98867 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 10571 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 10529 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 9442 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 85112 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 84260 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 52827 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 497599 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 550426 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 5577 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 52529 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 58106 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 1702 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 16033 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 17735 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 10701 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 16211 |
| IRS990/PrincipalOfficerNm | 0 | JULIE PARKER |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | SERVICING FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | ORIGINATION FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | FLOAT INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | LATE FEE INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 604356 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 459135 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 31523 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 372 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 604356 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 459135 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 31523 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 372 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 522 |
| IRS990/PYOtherExpensesAmt | 0 | 78478 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 202994 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -8029 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 133067 |
| IRS990/PYTotalExpensesAmt | 0 | 211545 |
| IRS990/PYTotalRevenueAmt | 0 | 203516 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 88398 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 786806 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 943007 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1010222 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 18849 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 93336 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 112185 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 84260 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DEPOSITS |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1098620 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 18849 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1010222 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 84260 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1098620 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1098620 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1010222 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | MEMBERS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | MEMBERS ELECT BOARD OF DIRECTORS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | YES, ANNUAL BUDGET |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | JULIE PARKER 1345 MONROE NW SUITE 132 GRAND RAPIDS, MI 49504 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | A COPY OF THE 990 IS PROVIDED TO THE BOARD FOR THEIR REVIEW AND APPROVAL BEFORE THE RETURN IS FILED WITH THE IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | 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/ExplanationTxt | 8 | A COPY OF THE FORM 990 IS MADE AVAILABLE FOR PUBLIC INSPECTION UP REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MI |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 871435 |
| IRS990/TotalAssetsEOYAmt | 0 | 1035379 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 871435 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1035379 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 9 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 95014 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 915208 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1010222 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 89369 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 164915 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 89369 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 164915 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 782066 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 870464 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 915208 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 1095386 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 205033 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 3234 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1095386 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1098620 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 871435 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1035379 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 48346 |
| IRS990/TravelGrp/TotalAmt | 0 | 48346 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 782066 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 870464 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 1345 MONROE NW SUITE 132 |
| IRS990/USAddress/CityNm | 0 | GRAND RAPIDS |
| IRS990/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990/USAddress/ZIPCd | 0 | 49504 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 11 |
| IRS990/VotingMembersIndependentCnt | 0 | 11 |
| IRS990/WebsiteAddressTxt | 0 | WWW.GROWMICHIGAN.COM |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2018-03-14 21:41:22Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JULIE PARKER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6164594825 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-04-04 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | ECONOMIC DEVELOPMENT FOUNDATION - |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | CERTIFIED |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | ECON |
| ReturnHeader/Filer/EIN | 0 | 382467385 |
| ReturnHeader/Filer/PhoneNum | 0 | 6164594825 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1345 MONROE NW SUITE 132 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | GRAND RAPIDS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 49505 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | A579E8184F46E6A644D9F5CC361FED9CBBB9A33D |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 3509532F0B955D6F5052FC653599C7BDDB516F0F |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 382563599 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | H&S COMPANIES PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 4970 CASCADE RD SE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | GRAND RAPIDS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 49546 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6169569016 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2018-04-05 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DEBRA APPLEBACH |
| ReturnHeader/ReturnTs | 0 | 2018-04-15T18:11:02-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-10-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-09-30 |
| ReturnHeader/TaxYr | 0 | 2016 |
No mirrored PDF or thumbnail assets are attached yet.
Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.