Liabilities / Assets
63rd percentile
Higher debt load relative to assets than 63% of similar nonprofits.
990 • Fiscal year 2014 • 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
59th percentile
Higher debt load relative to revenue than 59% of similar nonprofits.
Net Margin
45th percentile
Higher net margin than 45% of similar nonprofits.
Top Officer Pay
93rd percentile
Higher top officer pay than 93% of similar nonprofits.
Top officer pay equals 12.9% of source-year revenue.
Asset Growth
66th percentile
Faster asset growth than 66% of similar nonprofits.
Revenue Growth
54th percentile
Faster revenue growth than 54% of similar nonprofits.
Assets
Up$842,449
Up $47,875 (+6.0%) from 2013
Net Assets
Up$742,571
Up $26,409 (+3.7%) from 2013
Liabilities
Up$99,878
Up $21,466 (+27%) from 2013
Revenue
Up$877,607
Up $32,295 (+3.8%) from 2013
Expenses
Up$851,198
Up $6,730 (+0.8%) from 2013
Net Income
Up$26,409
Up $25,565 (+3029%) from 2013
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.
Promotion of economic development and growth
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $733,561 | $767,300 | ▲ $33,739 |
| Accounts Receivable | $41,439 | $46,698 | ▲ $5,259 |
| Land, Buildings, and Equipment, Net | $17,136 | $23,563 | ▲ $6,427 |
| Prepaid Expenses and Deferred Charges | $2,438 | $1,673 | ▼ $765 |
| Total Assets | $794,574 | $842,449 | ▲ $47,875 |
| Other Assets Total | - | $3,215 | - |
| Liabilities | |||
| Other Liabilities | $78,412 | $72,627 | ▼ $5,785 |
| Accounts Payable and Accrued Expenses | - | $27,251 | - |
| Total Liabilities | $78,412 | $99,878 | ▲ $21,466 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $716,162 | $742,571 | ▲ $26,409 |
| Total Net Assets Fund Balance | $716,162 | $742,571 | ▲ $26,409 |
| Total Liabilities and Net Assets / Fund Balance | $794,574 | $842,449 | ▲ $47,875 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $23,563 | $80,841 | $104,404 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Bradd Pierce | - | FT | $113,330 | $113,330 |
| Sandra Bloem | - | FT | $87,869 | $87,869 |
| Name | Title |
|---|---|
| Daniel Debaar | Chairman of |
| Michael Bremer | President |
| David Krupp | - |
| Shelly Bedford | - |
| Nancy Boese | Assistant Se |
| Douglas Kohlbeck | Assistant Vi |
| Dennis Roudi | Sales Rep. |
| Herman Johnson | Secretary |
| Daniel Oegema | Treasurer |
| Shirley Lurtsema | Treasurer |
| James Chambers | Vice Preside |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $526,770 |
| Other Expenses | $324,428 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $370,593 | $63,204 | - | $433,797 |
| Travel | $45,706 | - | - | $45,706 |
| Payroll Taxes | $37,265 | $6,356 | - | $43,621 |
| All Other Expenses | $24,273 | $11,753 | - | $36,026 |
| Occupancy | $30,557 | $5,393 | - | $35,950 |
| Other Employee Benefits | $28,750 | $4,903 | - | $33,653 |
| Pension Plan Contributions | $13,412 | $2,287 | - | $15,699 |
| Other Expenses | $14,824 | $3,976 | - | $14,824 |
| Conferences and Meetings | $7,955 | - | - | $7,955 |
| Fees for Services Legal | $4,341 | $2,226 | - | $6,567 |
| Depreciation Depletion | - | $6,219 | - | $6,219 |
| Fees for Services Accounting | - | $4,450 | - | $4,450 |
| Total Functional Expenses | $740,431 | $110,767 | $0 | $851,198 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $851,198 |
| Total Expenses per Audited Statements | $851,198 |
| Total Expenses per Form 990 | $851,198 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Deposits | $72,627 |
“MEMBERS”
“Members elect board of directors”
“YES, ANNUAL BUDGET”
“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/EOYAmt | 0 | 27251 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 41439 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 46698 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | PROMOTION OF ECONOMIC DEVELOPMENT AND GROWTH |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 11753 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 24273 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 36026 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | false |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | MICHAEL BREMER |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6164594825 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 1345 MONROE NW |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine2 | 0 | STE 132 |
| IRS990/BooksInCareOfDetail/USAddress/City | 0 | GRAND RAPIDS |
| IRS990/BooksInCareOfDetail/USAddress/State | 0 | MI |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCode | 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 | 7955 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 7955 |
| 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 | 4874 |
| IRS990/CYOtherExpensesAmt | 0 | 324428 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 872733 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 26409 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 526770 |
| IRS990/CYTotalExpensesAmt | 0 | 851198 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 877607 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | true |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 6219 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 6219 |
| IRS990/Desc | 0 | 46 SBA LOANS FUNDED TOTALING 21,219,000 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 | 740431 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 4450 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 4450 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 2226 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 4341 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 6567 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 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 | JAMES CHAMBERS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | DANIEL DEBAAR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | DOUGLAS KOHLBECK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | HERMAN JOHNSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | NANCY BOESE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | SHIRLEY LURTSEMA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | DANIEL OEGEMA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | MICHAEL BREMER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | DENNIS ROUDI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | SHELLY BEDFORD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | DAVID KRUPP |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | SANDRA BLOEM |
| 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 | 87869 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 113330 |
| 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 | VICE PRESIDE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | CHAIRMAN OF |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | ASSISTANT VI |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | ASSISTANT SE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | SALES REP. |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GainOrLossGrp/OtherAmt | 0 | -1702 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 11 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 879309 |
| 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/InvestmentIncomeGrp/ExclusionAmt | 0 | 6576 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 6576 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 80841 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 17136 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 23563 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 104404 |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 1702 |
| 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 | 716162 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 742571 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | -1702 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -1702 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 5393 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 30557 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 35950 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 3215 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 4903 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 28750 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 33653 |
| IRS990/OtherExpensesGrp/Desc | 0 | COMMISSIONS |
| IRS990/OtherExpensesGrp/Desc | 1 | PROMOTION |
| IRS990/OtherExpensesGrp/Desc | 2 | OFFICE EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 3 | BUSINESS MEETINGS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 3976 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 107547 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 32678 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 22530 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 14824 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 107547 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 32678 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 26506 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 14824 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 78412 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 72627 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 63204 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 370593 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 433797 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 6356 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 37265 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 43621 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 2287 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 13412 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 15699 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 2438 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 1673 |
| 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 | 517580 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 339058 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 15045 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 1050 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 517580 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 339058 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 15045 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 1050 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 25000 |
| IRS990/PYInvestmentIncomeAmt | 0 | 4922 |
| IRS990/PYOtherExpensesAmt | 0 | 325635 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 840390 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 844 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 493833 |
| IRS990/PYTotalExpensesAmt | 0 | 844468 |
| IRS990/PYTotalRevenueAmt | 0 | 845312 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 26409 |
| 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 | 733561 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 767300 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 851198 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 23563 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 80841 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 104404 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 72627 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DEPOSITS |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 877607 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 23563 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 851198 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 72627 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 877607 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 877607 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 851198 |
| 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 | 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 | 4 | 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 | 5 | 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 | 6 | 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 | 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 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | 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 | 794574 |
| IRS990/TotalAssetsEOYAmt | 0 | 842449 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 794574 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 842449 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 9 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 110767 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 740431 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 851198 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 78412 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 99878 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 78412 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 99878 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 716162 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 742571 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 740431 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 872733 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 201199 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 6576 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 871031 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 877607 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 794574 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 842449 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 45706 |
| IRS990/TravelGrp/TotalAmt | 0 | 45706 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 716162 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 742571 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 11 |
| IRS990/VotingMembersIndependentCnt | 0 | 11 |
| IRS990/WebsiteAddressTxt | 0 | WWW.GROWMICHIGAN.COM |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2016-02-25 16:41:14Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SANDRA BLOEM |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6164594825 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2014-12-19 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | ECONOMIC DEVELOPMENT FOUNDATION - |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2 | 0 | CERTIFIED |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | ECON |
| ReturnHeader/Filer/EIN | 0 | 382467385 |
| ReturnHeader/Filer/PhoneNum | 0 | 6164594825 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | 1345 MONROE NW SUITE 132 |
| ReturnHeader/Filer/USAddress/City | 0 | GRAND RAPIDS |
| ReturnHeader/Filer/USAddress/State | 0 | MI |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 49505 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 382563599 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1 | 0 | H&S COMPANIES PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1 | 0 | 4575 LAKE MICHIGAN DR NW |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City | 0 | GRAND RAPIDS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State | 0 | MI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode | 0 | 49534 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6164538551 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2014-12-31 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MARK A SCHUT |
| ReturnHeader/ReturnTs | 0 | 2015-02-13T14:57:15-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-06-30 |
| ReturnHeader/TaxYr | 0 | 2013 |
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Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.