Civic Intelligence

Marshall Area Economic Development Alliance

990 • Fiscal year 2021 • EIN 46-1516144

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 10, 2021

323 W Michigan AveMarshall, MI 49068

(269) 781-5183

Siviq Scores

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

Liabilities / Assets

66th percentile

0.11x

Higher debt load relative to assets than 66% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

66th percentile

0.12x

Higher debt load relative to revenue than 66% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

67th percentile

24%

Higher net margin than 67% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

88th percentile

$99,205

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 13.4% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

73rd percentile

29%

Faster asset growth than 73% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

29th percentile

-3.6%

Faster revenue growth than 29% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$792,698

Up $180,244 (+29%) from 2020

Net Assets

Up

$706,569

Up $181,636 (+35%) from 2020

Liabilities

Down

$86,129

Down $1,392 (-1.6%) from 2020

Revenue

Down

$741,485

Down $27,538 (-3.6%) from 2020

Expenses

Down

$559,849

Down $83,654 (-13%) from 2020

Net Income

Up

$181,636

Up $56,116 (+45%) from 2020

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2013: $8,909Liabilities 2013: $8,1062013Assets 2014: $42,683Liabilities 2014: $10,414Net Assets 2014: $32,2692014Assets 2015: $99,629Liabilities 2015: $9,803Net Assets 2015: $89,8262015Assets 2016: $322,900Liabilities 2016: $16,071Net Assets 2016: $306,8292016Assets 2017: $389,945Liabilities 2017: $74,030Net Assets 2017: $315,9152017Assets 2018: $382,980Liabilities 2018: $66,122Net Assets 2018: $316,8582018Assets 2019: $557,069Liabilities 2019: $157,656Net Assets 2019: $399,4132019Assets 2020: $612,454Liabilities 2020: $87,521Net Assets 2020: $524,9332020Assets 2021: $792,698Liabilities 2021: $86,129Net Assets 2021: $706,5692021Assets 2022: $870,752Liabilities 2022: $72,856Net Assets 2022: $797,8962022Assets 2023: $203,118,967Liabilities 2023: $53,857,462Net Assets 2023: $149,261,5052023Assets 2024: $344,058,367Liabilities 2024: $52,369,089Net Assets 2024: $291,689,2782024

Highlighted filing

2021

Assets$792,698
Liabilities$86,129
Net Assets$706,569

Operations Trend

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

$200M$150M$100M$50M$0-$50MRevenue 2013: $115,000Expenses 2013: $114,197Net Income 2013: $8032013Revenue 2014: $654,465Expenses 2014: $622,999Net Income 2014: $31,4662014Revenue 2015: $717,449Expenses 2015: $659,892Net Income 2015: $57,5572015Revenue 2016: $816,796Expenses 2016: $599,793Net Income 2016: $217,0032016Revenue 2017: $650,951Expenses 2017: $688,674Net Income 2017: -$37,7232017Revenue 2018: $706,125Expenses 2018: $705,182Net Income 2018: $9432018Revenue 2019: $615,201Expenses 2019: $532,646Net Income 2019: $82,5552019Revenue 2020: $769,023Expenses 2020: $643,503Net Income 2020: $125,5202020Revenue 2021: $741,485Expenses 2021: $559,849Net Income 2021: $181,6362021Revenue 2022: $1,562,359Expenses 2022: $1,471,032Net Income 2022: $91,3272022Revenue 2023: $151,641,399Expenses 2023: $3,177,790Net Income 2023: $148,463,6092023Revenue 2024: $143,724,385Expenses 2024: $1,296,612Net Income 2024: $142,427,7732024

Highlighted filing

2021

Revenue$741,485
Expenses$559,849
Net Income$181,636
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 10, 2021
Return Version
2020v4.0
Gross Receipts
$751,960
Mission and Program Overview

Mission

Economic development, promotion of tourism, business retention, small business growth and development, and volunteerism

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$459,698$634,987▲ $175,289
Land, Buildings, and Equipment, Net$99,156$83,077▼ $16,079
Accounts Receivable$51,480$72,369▲ $20,889
Prepaid Expenses and Deferred Charges$2,120$2,265▲ $145
Total Assets$612,454$792,698▲ $180,244
Liabilities
Accounts Payable and Accrued Expenses$53,368$77,054▲ $23,686
Deferred Revenue$34,153$9,075▼ $25,078
Total Liabilities$87,521$86,129▼ $1,392
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$524,933$706,569▲ $181,636
Total Net Assets Fund Balance$524,933$706,569▲ $181,636
Total Liabilities and Net Assets / Fund Balance$612,454$792,698▲ $180,244
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jim DurianPrincipalFT$99,205$99,205

Board Members and Trustees

NameTitle
Matt DavisChair
Caryn DrenthPast Chair
George JenkotVice Chair
Dave BosserdBoard Member
Harmony DawsonBoard Member
Ian StewartBoard Member
Jack ReedBoard Member
Mike LoundsBoard Member
Rebecca JonesBoard Member
Richard LindseyBoard Member
Ryan TraverBoard Member
Sara JefferyBoard Member
Tom TarkiewiczBoard Member
Patty WilliamsSecretary
Kelli ScottTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$726,609
Program Service Revenue
$0
Investment Income
$1,888
Other Revenue
$12,988
Change in Net Assets
$181,636

Audited Revenue Reconciliation

Revenue per Audited Statements
$741,485
Total Revenue per Audited Statements
$741,485
Total Revenue per Form 990
$741,485
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$300,531
Other Expenses$259,318
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$178,286--$178,286
Current Officers, Directors, Trustees, and Key Employees$99,205--$99,205
Payroll Taxes$23,040--$23,040
Office Expenses$12,247$6,595-$18,842
Advertising$17,135--$17,135
Fees for Services Accounting-$16,900-$16,900
Depreciation Depletion$16,079--$16,079
Information Technology$289$14,185-$14,474
Conferences and Meetings$4,079--$4,079
Travel$2,758--$2,758
Other Expenses$869$1,480-$2,349
Total Functional Expenses$520,689$39,160$0$559,849

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$559,849
Total Expenses per Audited Statements$559,849
Total Expenses per Form 990$559,849
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$19,111
Fundraising Direct Expenses$10,475
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Event$19,111$19,111$10,475$8,636
Total Events$19,111$19,111$10,475$8,636
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
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Marshall Area Economic Development
EIN
46-1516144
Address
323 W MICHIGAN AVE, MARSHALL, MI 49068
Doing Business As
Maeda

Signing Officer

Name
Jim Durian
Title
Principal
Phone
2697815183
Signed
2021-12-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Durian
Formed
2012
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
15
Employees
9

Preparer

Firm
Gabridge & Company Plc
Address
3940 PENINSULAR DR SE STE 200, GRAND RAPIDS, MI 49546
Preparer
Robert J Klein
Phone
2696513228
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IRS990/PYContributionsGrantsAmt0718503
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04947
IRS990/PYOtherExpensesAmt0348480
IRS990/PYOtherRevenueAmt045573
IRS990/PYRevenuesLessExpensesAmt0125520
IRS990/PYSalariesCompEmpBnftPaidAmt0295023
IRS990/PYTotalExpensesAmt0643503
IRS990/PYTotalRevenueAmt0769023
IRS990/ReconcilationRevenueExpnssAmt0181636
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt0481441
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0726609
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0718503
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01445112
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt057997
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99470
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01445112
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0726609
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0718503
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01445112
IRS990ScheduleA/TotalSupportAmt01452748
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt07636
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt07636
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0559849
IRS990ScheduleD/RevenueSubtotalAmt0741485
IRS990ScheduleD/TotalExpensesPerForm990Amt0559849
IRS990ScheduleD/TotalRevenuePerForm990Amt0741485
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0741485
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0559849
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt010475
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPECIAL EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt019111
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt019111
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt019111
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt019111
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt08636
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt010475
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt010475
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0612454
IRS990/TotalAssetsEOYAmt0792698
IRS990/TotalAssetsGrp/BOYAmt0612454
IRS990/TotalAssetsGrp/EOYAmt0792698
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0726609
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039160
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0520689
IRS990/TotalFunctionalExpensesGrp/TotalAmt0559849
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt087521
IRS990/TotalLiabilitiesEOYAmt086129
IRS990/TotalLiabilitiesGrp/BOYAmt087521
IRS990/TotalLiabilitiesGrp/EOYAmt086129
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0524933
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0706569
IRS990/TotalProgramServiceExpensesAmt0520689
IRS990/TotalReportableCompFromOrgAmt099205
IRS990/TotalRevenueGrp/ExclusionAmt08636
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06240
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0741485
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0612454
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0792698
IRS990/TravelGrp/ProgramServicesAmt02758
IRS990/TravelGrp/TotalAmt02758
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0323 W MICHIGAN AVE
IRS990/USAddress/CityNm0MARSHALL
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049068
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0CHOOSEMARSHALL.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM DURIAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL
ReturnHeader/BusinessOfficerGrp/PhoneNum02697815183
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-12-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARSHALL AREA ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0MARS
ReturnHeader/Filer/EIN0461516144
ReturnHeader/Filer/USAddress/AddressLine1Txt0323 W MICHIGAN AVE
ReturnHeader/Filer/USAddress/CityNm0MARSHALL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049068
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0832915456
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GABRIDGE & COMPANY PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03940 PENINSULAR DR SE STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRAND RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049546
ReturnHeader/PreparerPersonGrp/PhoneNum02696513228
ReturnHeader/PreparerPersonGrp/PreparationDt02022-01-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT J KLEIN
ReturnHeader/ReturnTs02022-03-02T12:52:16-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JIM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DURIAN
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$344$52.4$292$144$1.30$142
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$203$53.9$149$152$3.18$148
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.07$0.80$1.56$1.47$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.79$0.09$0.71$0.74$0.56$0.18
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.09$0.52$0.77$0.64$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.16$0.40$0.62$0.53$0.08
2018Summary only. Only limited summary data is available for this year.$0.38$0.07$0.32$0.71$0.71$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.07$0.32$0.65$0.69$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.02$0.31$0.82$0.60$0.22
2015Detailed filing. Detailed filing data is available for this year.$0.10$0.01$0.09$0.72$0.66$0.06
2014Summary only. Only limited summary data is available for this year.$0.04$0.01$0.03$0.65$0.62$0.03
2013Summary only. Only limited summary data is available for this year.$0.01$0.01$0.12$0.11$0.00