Civic Intelligence

Michigan Economic Developers Association

990 • Fiscal year 2019 • EIN 38-2900929

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 09, 2020

300 N Washington 2nd FloorLansing, MI 48901

(517) 241-0011

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

57th percentile

6.5%

Higher net margin than 57% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$135,129

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 23.1% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

68th percentile

12%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

85th percentile

46%

Faster revenue growth than 85% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$345,240

Up $37,870 (+12%) from 2018

Net Assets

Up

$345,240

Up $37,870 (+12%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$585,542

Up $184,024 (+46%) from 2018

Expenses

Up

$547,672

Up $169,696 (+45%) from 2018

Net Income

Up

$37,870

Up $14,328 (+61%) from 2018

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $215,084Liabilities 2010: $0Net Assets 2010: $215,0842010Assets 2011: $234,624Liabilities 2011: $0Net Assets 2011: $234,6242011Assets 2012: $233,578Liabilities 2012: $0Net Assets 2012: $233,5782012Assets 2013: $229,125Liabilities 2013: $0Net Assets 2013: $229,1252013Assets 2014: $244,207Liabilities 2014: $0Net Assets 2014: $244,2072014Assets 2015: $245,018Liabilities 2015: $0Net Assets 2015: $245,0182015Assets 2016: $278,985Liabilities 2016: $0Net Assets 2016: $278,9852016Assets 2017: $283,828Liabilities 2017: $0Net Assets 2017: $283,8282017Assets 2018: $307,370Liabilities 2018: $0Net Assets 2018: $307,3702018Assets 2019: $345,240Liabilities 2019: $0Net Assets 2019: $345,2402019Assets 2020: $368,018Liabilities 2020: $0Net Assets 2020: $368,0182020Assets 2021: $371,470Liabilities 2021: $0Net Assets 2021: $371,4702021Assets 2022: $366,193Liabilities 2022: $0Net Assets 2022: $366,1932022Assets 2023: $395,593Liabilities 2023: $0Net Assets 2023: $395,5932023Assets 2024: $386,720Liabilities 2024: $2,069Net Assets 2024: $384,6512024

Highlighted filing

2019

Assets$345,240
Liabilities$0
Net Assets$345,240

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $428,3622010Expenses 2011: $446,5282011Expenses 2012: $315,3382012Revenue 2013: $350,795Expenses 2013: $355,248Net Income 2013: -$4,4532013Revenue 2014: $448,882Expenses 2014: $433,800Net Income 2014: $15,0822014Revenue 2015: $305,946Expenses 2015: $305,135Net Income 2015: $8112015Revenue 2016: $431,870Expenses 2016: $397,903Net Income 2016: $33,9672016Revenue 2017: $458,604Expenses 2017: $453,761Net Income 2017: $4,8432017Revenue 2018: $401,518Expenses 2018: $377,976Net Income 2018: $23,5422018Revenue 2019: $585,542Expenses 2019: $547,672Net Income 2019: $37,8702019Revenue 2020: $399,117Expenses 2020: $376,339Net Income 2020: $22,7782020Revenue 2021: $392,199Expenses 2021: $388,747Net Income 2021: $3,4522021Revenue 2022: $434,077Expenses 2022: $439,354Net Income 2022: -$5,2772022Revenue 2023: $463,953Expenses 2023: $434,553Net Income 2023: $29,4002023Revenue 2024: $359,527Expenses 2024: $367,758Net Income 2024: -$8,2312024

Highlighted filing

2019

Revenue$585,542
Expenses$547,672
Net Income$37,870
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 9, 2020
Return Version
2019v5.1
Gross Receipts
$585,542
Mission and Program Overview

Mission

To advance economic development throughout michigan and increase an individual's (both member and non-member) effectiveness in the economic development profession through educational programs, meetings and literature.

To advance economic development throughout michigan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$307,370$345,240▲ $37,870
Total Assets$307,370$345,240▲ $37,870
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$307,370$345,240▲ $37,870
Total Net Assets Fund Balance$307,370$345,240▲ $37,870
Total Liabilities and Net Assets / Fund Balance$307,370$345,240▲ $37,870
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John AveryExecutive DirectorFT$110,479$24,650$135,129

Board Members and Trustees

NameTitle
Justin Horvath CecdPresident
Kimberly MarroneVice President
Christine Roeder EdfpEx-officio
Amy Clickner Cecd CfrmMember at Large
David SchreiberMember at Large
James McbrydeMember at Large
Monique Holliday-bettieMember at Large
Scott Fleming CecdMember at Large
Stephanie CarrollSecretary
Dan CaseyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$584,311
Investment Income
$1,231
Other Revenue
$0
Change in Net Assets
$37,870
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$293,993
Salaries, Compensation, and Employee Benefits$253,679
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$81,077$54,052-$135,129
Other Salaries and Wages$89,493$12,785-$102,278
Conferences and Meetings$68,566$749-$69,315
Office Expenses$5,534$14,983-$20,517
Payroll Taxes$13,179$1,883-$15,062
Fees for Services Accounting$150$7,332-$7,482
Insurance$140$6,836-$6,976
Information Technology$99$4,874-$4,973
Fees for Services Legal$72$3,537-$3,609
Other Expenses$3,484--$3,484
Travel$1,693$1,129-$2,822
Other Employee Benefits$1,059$151-$1,210
Total Functional Expenses$439,361$108,311$0$547,672
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

There shall be five (5) membership classifications recognized by the association: (a) active membership, (b) associate membership, (c) student membership, (d) honorary membership, and (e) life membership. No limit shall be placed on the number of applicants accepted by classification for membership.

Form 990, Part VI, Section A, Line 7A

Active members, associate members, honorary members and life members may elect one or more members of the governing body.

Form 990, Part VI, Section A, Line 7B

Active members, associate members, honorary members and life members have voting rights on matters of policy and elections.

Form 990, Part VI, Section B, Line 11B

The 990 is received by the organization's executive director who reviews the return for accuracy. Upon the executive director's approval, the 990 is made available to the board of directors. After any concerns presented by the board are addressed, the executive director signs and files the return.

Form 990, Part VI, Section B, Line 15A

The board of directors meets to review the performance of the executive director annually. The board reviews historical compensation data and determines the compensation of the executive director. A record of the meeting and decision by the board of directors is retained by the organization.

Form 990, Part VI, Section C, Line 19

All information is available upon request. Form 990 is also posted annually on guidestar's website. The 990 is public information through the michigan attorney general's office.

Filing and Contact Details

Filer

Filer Name
Michigan Economic Developers Association
EIN
38-2900929
Phone
5172410011
Address
300 N WASHINGTON 2ND FLOOR, LANSING, MI 48901

Signing Officer

Name
John Avery
Title
Executive Director
Phone
5172410011
Signed
2020-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Avery
Formed
1983
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
118

Preparer

Firm
Maner Costerisan Pc
Address
2425 E GRAND RIVER SUITE 1, LANSING, MI 48912-3291
Preparer
Mark L Lockwitz CPA
Phone
5173237500
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt037870
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0570011
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0307370
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0345240
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt051190
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt070347
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0122037
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01231
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0741
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0629
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0520
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0493
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0584311
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0400284
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0452975
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0380160
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0234900
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02052630
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01231
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0741
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0629
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0520
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0493
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03614
IRS990ScheduleA/InvestmentIncomeCYPct00.00170
IRS990ScheduleA/InvestmentIncomePYPct00.00140
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt0206
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt0206
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0493
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt04500
IRS990ScheduleA/OtherIncome509Grp/TotalAmt04993
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99600
IRS990ScheduleA/PublicSupportPY509Pct00.99570
IRS990ScheduleA/PublicSupportTotal509Amt02174667
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0584311
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0400284
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0431350
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0305247
IRS990ScheduleA/Total509Grp/TotalAmt02174667
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0585542
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0401518
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0458604
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0431870
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0305946
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02183480
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE SHALL BE FIVE (5) MEMBERSHIP CLASSIFICATIONS RECOGNIZED BY THE ASSOCIATION: (A) ACTIVE MEMBERSHIP, (B) ASSOCIATE MEMBERSHIP, (C) STUDENT MEMBERSHIP, (D) HONORARY MEMBERSHIP, AND (E) LIFE MEMBERSHIP. NO LIMIT SHALL BE PLACED ON THE NUMBER OF APPLICANTS ACCEPTED BY CLASSIFICATION FOR MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVE MEMBERS, ASSOCIATE MEMBERS, HONORARY MEMBERS AND LIFE MEMBERS MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVE MEMBERS, ASSOCIATE MEMBERS, HONORARY MEMBERS AND LIFE MEMBERS HAVE VOTING RIGHTS ON MATTERS OF POLICY AND ELECTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS RECEIVED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR WHO REVIEWS THE RETURN FOR ACCURACY. UPON THE EXECUTIVE DIRECTOR'S APPROVAL, THE 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS. AFTER ANY CONCERNS PRESENTED BY THE BOARD ARE ADDRESSED, THE EXECUTIVE DIRECTOR SIGNS AND FILES THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS MEETS TO REVIEW THE PERFORMANCE OF THE EXECUTIVE DIRECTOR ANNUALLY. THE BOARD REVIEWS HISTORICAL COMPENSATION DATA AND DETERMINES THE COMPENSATION OF THE EXECUTIVE DIRECTOR. A RECORD OF THE MEETING AND DECISION BY THE BOARD OF DIRECTORS IS RETAINED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL INFORMATION IS AVAILABLE UPON REQUEST. FORM 990 IS ALSO POSTED ANNUALLY ON GUIDESTAR'S WEBSITE. THE 990 IS PUBLIC INFORMATION THROUGH THE MICHIGAN ATTORNEY GENERAL'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt0307370
IRS990/TotalAssetsGrp/EOYAmt0345240
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0439361
IRS990/TotalFunctionalExpensesGrp/TotalAmt0547672
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0307370
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0345240
IRS990/TotalOtherCompensationAmt024650
IRS990/TotalProgramServiceExpensesAmt0439361
IRS990/TotalProgramServiceRevenueAmt0584311
IRS990/TotalReportableCompFromOrgAmt0110479
IRS990/TotalRevenueGrp/ExclusionAmt01231
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0584311
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0585542
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0118
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0307370
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0345240
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01129
IRS990/TravelGrp/ProgramServicesAmt01693
IRS990/TravelGrp/TotalAmt02822
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0300 N WASHINGTON 2ND FLOOR
IRS990/USAddress/CityNm0LANSING
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048901
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.MEDAWEB.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN AVERY

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.87$0.02$3.85$3.60$3.68$0.08
2023Detailed filing. Detailed filing data is available for this year.$3.96$0.00$3.96$4.64$4.35$0.29
2022Detailed filing. Detailed filing data is available for this year.$3.66$0.00$3.66$4.34$4.39$0.05
2021Detailed filing. Detailed filing data is available for this year.$3.71$0.00$3.71$3.92$3.89$0.03
2020Detailed filing. Detailed filing data is available for this year.$3.68$0.00$3.68$3.99$3.76$0.23
2019Detailed filing. Detailed filing data is available for this year.$3.45$0.00$3.45$5.86$5.48$0.38
2018Detailed filing. Detailed filing data is available for this year.$3.07$0.00$3.07$4.02$3.78$0.24
2017Detailed filing. Detailed filing data is available for this year.$2.84$0.00$2.84$4.59$4.54$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.79$0.00$2.79$4.32$3.98$0.34
2015Detailed filing. Detailed filing data is available for this year.$2.45$0.00$2.45$3.06$3.05$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.44$0.00$2.44$4.49$4.34$0.15
2013Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.29$3.51$3.55$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.34$0.00$2.34$3.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$0.00$2.35$4.47
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$0.00$2.15$4.28