Civic Intelligence

Marshall Area Economic Development Alliance

990 • Fiscal year 2023 • EIN 46-1516144

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

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

49th percentile

0.27x

Higher debt load relative to assets than 49% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

41st percentile

0.36x

Higher debt load relative to revenue than 41% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

5th percentile

$0

Higher top officer pay than 5% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Asset Growth

100th percentile

23227%

Faster asset growth than 100% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

100th percentile

9606%

Faster revenue growth than 100% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Assets

Up

$203,118,967

Up $202,248,215 (+23227%) from 2022

Net Assets

Up

$149,261,505

Up $148,463,609 (+18607%) from 2022

Liabilities

Up

$53,857,462

Up $53,784,606 (+73823%) from 2022

Revenue

Up

$151,641,399

Up $150,079,040 (+9606%) from 2022

Expenses

Up

$3,177,790

Up $1,706,758 (+116%) from 2022

Net Income

Up

$148,463,609

Up $148,372,282 (+162463%) from 2022

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

2023

Assets$203,118,967
Liabilities$53,857,462
Net Assets$149,261,505

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

2023

Revenue$151,641,399
Expenses$3,177,790
Net Income$148,463,609
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$151,679,838
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$66,998$146,162,877▲ $146,095,879
Cash and Non-Interest-Bearing Accounts$549,271$56,885,338▲ $56,336,067
Accounts Receivable$247,591$57,341▼ $190,250
Prepaid Expenses and Deferred Charges$6,892$13,411▲ $6,519
Total Assets$870,752$203,118,967▲ $202,248,215
Liabilities
Deferred Revenue$32,716$38,916,244▲ $38,883,528
Accounts Payable and Accrued Expenses$40,140$14,934,033▲ $14,893,893
Mortgage Notes Payable Secured by Investment Property-$7,185-
Total Liabilities$72,856$53,857,462▲ $53,784,606
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$148,563,740-
Net Assets Without Donor Restrictions$797,896$697,765▼ $100,131
Total Net Assets Fund Balance$797,896$149,261,505▲ $148,463,609
Total Liabilities and Net Assets / Fund Balance$870,752$203,118,967▲ $202,248,215

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$146,104,795-$146,104,795
Equipment$50,919$93,455$144,374
Other Land Buildings$7,163$2,323$9,486
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matt DavisChair
George JenkotVice Chair
Caryn DrenthBoard Member
Dave BosserdBoard Member
Derek PerryBoard Member
Harmony DawsonBoard Member
Ian StewartBoard Member
Jack ReedBoard Member
Joe CaronBoard Member
Mike LoundsBoard Member
Rebecca JonesBoard Member
Ryan TraverBoard Member
Sara JefferyBoard Member
Veronica RankinBoard Member
Jim DurianPrincipal
Richard LindseySecretary
Kelli ScottTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$151,585,365
Program Service Revenue
$0
Investment Income
$30,665
Other Revenue
$25,369
All Other Contributions
$151,503,423
Change in Net Assets
$148,463,609

Audited Revenue Reconciliation

Revenue per Audited Statements
$151,641,399
Total Revenue per Audited Statements
$151,641,399
Total Revenue per Form 990
$151,641,399
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,749,475
Salaries, Compensation, and Employee Benefits$428,315
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$397,335--$397,335
Advertising$68,946--$68,946
Payroll Taxes$30,980--$30,980
Other Expenses$28,128$2,474-$28,128
Fees for Services Accounting-$19,675-$19,675
Depreciation Depletion$18,403--$18,403
Information Technology$217$10,646-$10,863
Office Expenses$6,798$3,660-$10,458
Travel$7,724--$7,724
Conferences and Meetings$3,285--$3,285
Insurance-$3,217-$3,217
Total Functional Expenses$3,138,118$39,672$0$3,177,790

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,177,790
Total Expenses per Audited Statements$3,177,790
Total Expenses per Form 990$3,177,790
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$48,657
Fundraising Direct Expenses$38,439
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Event$48,657$48,657$38,439$10,218
Total Events$48,657$48,657$38,439$10,218
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
Audit committee
Yes
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
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

Once form 990 and related schedules are completed, they are transmitted to the maeda finance committee chair for review. The finance committee chair, after review, is to recommend to the full board of directors to accept and place on file the form 990 and related schedules. Once the full board of directors accept the 990, it will be e-filed to the irs and mailed to the state of michigan.

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
2697815163
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Durian
Formed
2012
Legal Domicile
Mi
Voting Board Members
16
Independent Board Members
16
Employees
6

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/OtherExpensesGrp/ManagementAndGeneralAmt02474
IRS990/OtherExpensesGrp/ProgramServicesAmt02409580
IRS990/OtherExpensesGrp/ProgramServicesAmt1101902
IRS990/OtherExpensesGrp/ProgramServicesAmt264820
IRS990/OtherExpensesGrp/ProgramServicesAmt328128
IRS990/OtherExpensesGrp/TotalAmt02409580
IRS990/OtherExpensesGrp/TotalAmt1101902
IRS990/OtherExpensesGrp/TotalAmt267294
IRS990/OtherExpensesGrp/TotalAmt328128
IRS990/OtherRevenueMiscGrp/Desc0TROLLEY
IRS990/OtherRevenueMiscGrp/Desc1MISC
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt014462
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1689
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014462
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1689
IRS990/OtherRevenueTotalAmt015151
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0397335
IRS990/OtherSalariesAndWagesGrp/TotalAmt0397335
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt030980
IRS990/PayrollTaxesGrp/TotalAmt030980
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06892
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013411
IRS990/PrincipalOfficerNm0JIM DURIAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0ECONOMIC DEVELOPMENT: THIS PROGRAM IS FOR THE PROMOTION AND MARKETING OF THE MARSHALL AREA TO ATTRACT AND RETAIN INDUSTRIAL AND COMMERCIAL BUSINESSES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02667399
IRS990/ProgSrvcAccomActy3Grp/Desc0SMALL BUSINESS SERVICES: THIS PROGRAM IS TO FUND SUPPORT FOR THE SMALL BUSINESSES
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0128349
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01556646
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0372
IRS990/PYOtherExpensesAmt01116523
IRS990/PYOtherRevenueAmt05341
IRS990/PYRevenuesLessExpensesAmt091327
IRS990/PYSalariesCompEmpBnftPaidAmt0354509
IRS990/PYTotalExpensesAmt01471032
IRS990/PYTotalRevenueAmt01562359
IRS990/ReconcilationRevenueExpnssAmt0148463609
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0151585365
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01556646
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0726609
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0718503
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0154587123
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0109070
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99990
IRS990ScheduleA/PublicSupportPY170Pct00.99750
IRS990ScheduleA/PublicSupportTotal170Amt0154587123
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0151585365
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01556646
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0726609
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0718503
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0154587123
IRS990ScheduleA/TotalSupportAmt0154603977
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt09218
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt07636
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt016854
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0146104795
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0146104795
IRS990ScheduleD/EquipmentGrp/BookValueAmt050919
IRS990ScheduleD/EquipmentGrp/DepreciationAmt093455
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0144374
IRS990ScheduleD/ExpensesSubtotalAmt03177790
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07163
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02323
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09486
IRS990ScheduleD/RevenueSubtotalAmt0151641399
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0146162877
IRS990ScheduleD/TotalExpensesPerForm990Amt03177790
IRS990ScheduleD/TotalRevenuePerForm990Amt0151641399
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0151641399
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03177790
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt038439
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPECIAL EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt048657
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt048657
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt048657
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt048657
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt010218
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt038439
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt038439
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ONCE FORM 990 AND RELATED SCHEDULES ARE COMPLETED, THEY ARE TRANSMITTED TO THE MAEDA FINANCE COMMITTEE CHAIR FOR REVIEW. THE FINANCE COMMITTEE CHAIR, AFTER REVIEW, IS TO RECOMMEND TO THE FULL BOARD OF DIRECTORS TO ACCEPT AND PLACE ON FILE THE FORM 990 AND RELATED SCHEDULES. ONCE THE FULL BOARD OF DIRECTORS ACCEPT THE 990, IT WILL BE E-FILED TO THE IRS AND MAILED TO THE STATE OF MICHIGAN.
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/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0870752
IRS990/TotalAssetsEOYAmt0203118967
IRS990/TotalAssetsGrp/BOYAmt0870752
IRS990/TotalAssetsGrp/EOYAmt0203118967
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0151585365
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039672
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03138118
IRS990/TotalFunctionalExpensesGrp/TotalAmt03177790
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt072856
IRS990/TotalLiabilitiesEOYAmt053857462
IRS990/TotalLiabilitiesGrp/BOYAmt072856
IRS990/TotalLiabilitiesGrp/EOYAmt053857462
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0797896
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0149261505
IRS990/TotalProgramServiceExpensesAmt03138118
IRS990/TotalRevenueGrp/ExclusionAmt010218
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt045816
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0151641399
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0870752
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0203118967
IRS990/TravelGrp/ProgramServicesAmt07724
IRS990/TravelGrp/TotalAmt07724
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0323 W MICHIGAN AVE
IRS990/USAddress/CityNm0MARSHALL
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049068
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0CHOOSEMARSHALL.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

Document Assets

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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
2023Detailed filing. Detailed filing data is available for this year.$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
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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