Civic Intelligence

Great Lakes Commerical Finance

990 • Fiscal year 2020 • EIN 38-2467385

Oct 01, 2019 to Sep 30, 2020 • Filed on Feb 15, 2021

Organization ProfileWWW.GROWMICHIGAN.COM
3980 Chicago Dr SW Suite 220Grandville, MI 49418

(616) 459-4825

Siviq Scores

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

Liabilities / Assets

46th percentile

0.04x

Higher debt load relative to assets than 46% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

40th percentile

0.04x

Higher debt load relative to revenue than 40% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Net Margin

91st percentile

61%

Higher net margin than 91% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

97th percentile

176%

Faster asset growth than 97% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

96th percentile

197%

Faster revenue growth than 96% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$3,887,620

Up $2,481,535 (+176%) from 2019

Net Assets

Up

$3,737,113

Up $2,487,897 (+199%) from 2019

Liabilities

Down

$150,507

Down $6,362 (-4.1%) from 2019

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin91st percentile

Revenue

Up

$4,104,025

Up $2,720,232 (+197%) from 2019

Expenses

Up

$1,607,755

Up $424,445 (+36%) from 2019

Net Income

Up

$2,496,270

Up $2,295,787 (+1145%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth97th 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

2020

Assets$3,887,620
Liabilities$150,507
Net Assets$3,737,113
Open 2020 Filing

Operations Trend

Revenue Growth96th 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

2020

Revenue$4,104,025
Expenses$1,607,755
Net Income$2,496,270
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Feb 15, 2021
Return Version
2019v5.0
Gross Receipts
$4,104,947
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$1,230,501$3,637,030▲ $2,406,529
Land, Buildings, and Equipment, Net$13,014$124,473▲ $111,459
Accounts Receivable$79,258$67,119▼ $12,139
Intangible Assets-$36,996-
Prepaid Expenses and Deferred Charges$30,476$20,168▼ $10,308
Total Assets$1,406,085$3,887,620▲ $2,481,535
Other Assets Total$52,836$1,834▼ $51,002
Liabilities
Other Liabilities$76,735$104,143▲ $27,408
Accounts Payable and Accrued Expenses$80,134$46,364▼ $33,770
Total Liabilities$156,869$150,507▼ $6,362
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,249,216$3,737,113▲ $2,487,897
Total Net Assets Fund Balance$1,249,216$3,737,113▲ $2,487,897
Total Liabilities and Net Assets / Fund Balance$1,406,085$3,887,620▲ $2,481,535

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$79,078$38,226$117,304
Leasehold Improvements$45,395$769$46,164
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Julie ParkerPresidentFT$125,363$125,363
Bradd PierceSales RepFT$123,106$123,106

Board Members and Trustees

NameTitle
Dave DuponChairman
Dan DebaarVice Chairma
Andy JacksonDirector
Cerise SemrinecDirector
Mitchell BlueDirector
Monica WardDirector
Nancy BoeseDirector
Steve WilsonDirector
Wendy TimminsDirector
Kara WoodTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,090,026
Investment Income
$13,999
Other Revenue
$0
Change in Net Assets
$2,496,270

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,104,025
Revenue Not Reported on Form 990
$-7,451
Total Revenue per Audited Statements
$4,096,574
Total Revenue per Form 990
$4,104,025
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,171,145
Other Expenses$436,610
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$782,771$89,614-$872,385
Current Officers, Directors, Trustees, and Key Employees$25,073$100,290-$125,363
Occupancy$65,656$15,481-$81,137
Payroll Taxes$64,434$15,193-$79,627
All Other Expenses$57,945$17,884-$75,829
Other Employee Benefits$52,569$12,395-$64,964
Depreciation Depletion-$32,316-$32,316
Pension Plan Contributions$23,310$5,496-$28,806
Other Expenses$31,832$28,600-$28,600
Conferences and Meetings$16,210--$16,210
Travel$12,348--$12,348
Fees for Services Accounting-$8,500-$8,500
Fees for Services Legal-$1,475-$1,475
Total Functional Expenses$1,273,752$334,003$0$1,607,755

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,608,677
Expenses per Audited Statements$1,607,755
Total Expenses per Form 990$1,607,755
Expenses Not Reported on Form 990$922
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$104,143
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 35% controlled entity
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
3980 CHICAGO DR SW SUITE 220, GRANDVILLE, MI 49418

Signing Officer

Name
Julie Parker
Title
President
Phone
6164594825
Signed
2021-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Parker
Voting Board Members
11
Independent Board Members
11
Employees
13

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 922 loss on disposal of assets -922”

Financial Statement Notes

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

“Loss on disposal of assets 922”

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

“Loss on disposal of assets 922”

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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/OtherExpensesGrp/ProgramServicesAmt0112938
IRS990/OtherExpensesGrp/ProgramServicesAmt128666
IRS990/OtherExpensesGrp/ProgramServicesAmt231832
IRS990/OtherExpensesGrp/TotalAmt0112938
IRS990/OtherExpensesGrp/TotalAmt135425
IRS990/OtherExpensesGrp/TotalAmt231832
IRS990/OtherExpensesGrp/TotalAmt328600
IRS990/OtherLiabilitiesGrp/BOYAmt076735
IRS990/OtherLiabilitiesGrp/EOYAmt0104143
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt089614
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0782771
IRS990/OtherSalariesAndWagesGrp/TotalAmt0872385
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015193
IRS990/PayrollTaxesGrp/ProgramServicesAmt064434
IRS990/PayrollTaxesGrp/TotalAmt079627
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05496
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt023310
IRS990/PensionPlanContributionsGrp/TotalAmt028806
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt030476
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020168
IRS990/PrincipalOfficerNm0JULIE PARKER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PPP AGENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1SERVICING FEES
IRS990/ProgramServiceRevenueGrp/Desc2ORIGINATION FEES
IRS990/ProgramServiceRevenueGrp/Desc3FLOAT INCOME
IRS990/ProgramServiceRevenueGrp/Desc4LATE FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02733664
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1836428
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2403169
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3116074
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4691
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02733664
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1836428
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2403169
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3116074
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4691
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt09415
IRS990/PYOtherExpensesAmt0401809
IRS990/PYProgramServiceRevenueAmt01374378
IRS990/PYRevenuesLessExpensesAmt0200483
IRS990/PYSalariesCompEmpBnftPaidAmt0781501
IRS990/PYTotalExpensesAmt01183310
IRS990/PYTotalRevenueAmt01383793
IRS990/ReconcilationRevenueExpnssAmt02496270
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04090026
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01230501
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03637030
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotReportedAmt0922
IRS990ScheduleD/ExpensesSubtotalAmt01607755
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt045395
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0769
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt046164
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-8373
IRS990ScheduleD/OtherExpensesIncludedAmt0922
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt079078
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt038226
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0117304
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0104143
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0922
IRS990ScheduleD/RevenueNotReportedAmt0-7451
IRS990ScheduleD/RevenueSubtotalAmt04104025
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LOSS ON DISPOSAL OF ASSETS 922
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON DISPOSAL OF ASSETS 922
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0124473
IRS990ScheduleD/TotalExpensesPerForm990Amt01607755
IRS990ScheduleD/TotalLiabilityAmt0104143
IRS990ScheduleD/TotalRevenuePerForm990Amt04104025
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04096574
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01608677
IRS990/ScheduleJRequiredInd0false
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 922 LOSS ON DISPOSAL OF ASSETS -922
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01406085
IRS990/TotalAssetsEOYAmt03887620
IRS990/TotalAssetsGrp/BOYAmt01406085
IRS990/TotalAssetsGrp/EOYAmt03887620
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0334003
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01273752
IRS990/TotalFunctionalExpensesGrp/TotalAmt01607755
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0156869
IRS990/TotalLiabilitiesEOYAmt0150507
IRS990/TotalLiabilitiesGrp/BOYAmt0156869
IRS990/TotalLiabilitiesGrp/EOYAmt0150507
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01249216
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03737113
IRS990/TotalProgramServiceExpensesAmt01273752
IRS990/TotalProgramServiceRevenueAmt04090026
IRS990/TotalReportableCompFromOrgAmt0248469
IRS990/TotalRevenueGrp/ExclusionAmt014921
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04089104
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04104025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01406085
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03887620
IRS990/TravelGrp/ProgramServicesAmt012348
IRS990/TravelGrp/TotalAmt012348
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03980 CHICAGO DR SW SUITE 220
IRS990/USAddress/CityNm0GRANDVILLE
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049418
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.GROWMICHIGAN.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIE PARKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06164594825
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ECONOMIC DEVELOPMENT FOUNDATION -
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CERTIFIED
ReturnHeader/Filer/BusinessNameControlTxt0ECON
ReturnHeader/Filer/EIN0382467385
ReturnHeader/Filer/PhoneNum06164594825
ReturnHeader/Filer/USAddress/AddressLine1Txt03980 CHICAGO DR SW SUITE 220
ReturnHeader/Filer/USAddress/CityNm0GRANDVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049418
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382563599
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0H&S COMPANIES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04575 LAKE MICHIGAN DR NW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRAND RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049534
ReturnHeader/PreparerPersonGrp/PhoneNum06164538551
ReturnHeader/PreparerPersonGrp/PreparationDt02021-03-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HILARY B SMITH
ReturnHeader/ReturnTs02021-03-27T07:55:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-10-01

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,887,620
Liabilities
$150,507
Net assets
$3,737,113
Revenue
$4,104,025
Expenses
$1,607,755
Net income
$2,496,270
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)4 • $1M-$5M nonprofits