Flint And Genesee Group
- Assets
- $3.2m
- Revenue
- $3.7m
- Investments
- $668.9k
- Employees
- 256
- Location
- Flint, MI
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 20-3904349
Organization Overview
Flint And Genesee Group is located in Flint, MI. The organization was established in 2007. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Flint And Genesee Group employed 256 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flint And Genesee Group is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Flint And Genesee Group generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE COMMON ECONOMIC INTERESTS OF ALL THE COMMERCIAL ENTERPRISES IN THE GENESEE COUNTY, MICHIGAN COMMUNITY. THE ORGANIZATION STRIVES TO ENHANCE THE BUSINESS CLIMATE IN THE AREA AND ADVOCATES FOR PUBLIC POLICY THAT SUPPORTS ECONOMIC GROWTH AND VITALITY. THE CHAMBER PROVIDES NUMEROUS OPPORTUNITIES FOR MEMBERS AND NON-MEMBERS ALIKE IN ORDER TO HELP EMPLOYERS IMPROVE THEIR BUSINESS PRACTICES AND THE SKILLS OF THEIR EMPLOYEES. THE CHAMBER ALSO TAKES A LEADERSHIP ROLE IN IMPROVING AND PROMOTING THE IMAGE OF GENESEE COUNTY TO ITS MANY CONSTITUENTS AROUND THE WORLD. THE CHAMBER ALSO PROVIDES NUMEROUS OPPORTUNITIES FOR THE MEMBERS TO NETWORK AND HELPS FACILITATE THE GROWTH OF SMALL BUSINESSES IN THE GENESEE COUNTY REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT: - RETAIN AND EXPAND LOCAL FIRMS - ATTRACT NEW JOBS AND INVESTMENTS - UNDERTAKE SPECIAL INITIATIVES - STRENGTHEN PARTNERSHIPS
COMMUNITY DEVELOPMENT & EDUCATION: - CONDUCT WORKFORCE EDUCATION AND TRAINING INITIATIVES BY CONVENING AND CONNECTING EDUCATION AND TRAINING RESOURCES WITH BUSINESSES - FOCUSING RESOURCES TO BUILD AND GROW THE COMMUNITY - UTILIZING COMMUNITY RESOURCES TO LEVERAGE GROWTH
CONVENTION VISITORS BUREAU - PROMOTING FLINT AND GENESEE COUNTY THROUGH METHODS SUCH AS VISITOR'S GUIDE PUBLICATIONS, MEMBERSHIP PROGRAMS THAT PROVIDE A HOSPITALITY TRAINING,TRADE PUBLICATION ADVERTISING TO PROMOTE THE AREA AS A CONFERENCE AND TRADE SHOW DESTINATION, ALONG WITH OTHER ADVERTISING TO PROMOTE TOURISM.
MEMBER SERVICES, BENEFITS PROMOTION, AND PROGRAM EVENTS: - ATTRACT NEW MEMBERS - RETAIN CURRENT MEMBERS - ENHANCE EVENT REVENUE AND MEMBER VALUE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Hurand Past Chair | OfficerTrustee | 1 | $0 |
Leanne Panduren Chair | OfficerTrustee | 1 | $0 |
Joe Serra Secretary | OfficerTrustee | 1 | $0 |
Tom Shade Treasurer | OfficerTrustee | 1 | $0 |
Jane Worthing Rlc Chair/ch | OfficerTrustee | 1 | $0 |
Douglas Glazier Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Byrum Fisk Communications Llc Communications | 12/30/15 | $210,000 |
Olmsted Assoicates Inc Consulting | 12/30/15 | $164,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $744,875 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $573,567 |
| Noncash contributions included in lines 1a–1f | $37,350 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,318,442 |
| Total Program Service Revenue | $1,271,448 |
| Investment income | $6,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,664,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $913,968 |
| Compensation of current officers, directors, key employees. | $40,257 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,505,381 |
| Pension plan accruals and contributions | $84,915 |
| Other employee benefits | $12,915 |
| Payroll taxes | $158,423 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,752 |
| Advertising and promotion | $294,375 |
| Office expenses | $69,380 |
| Information technology | $311 |
| Royalties | $0 |
| Occupancy | $86,441 |
| Travel | $91,188 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,231 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,557 |
| Insurance | $8,184 |
| All other expenses | $7,548 |
| Total functional expenses | $3,470,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,328,300 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $500,923 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $94,574 |
| Net Land, buildings, and equipment | $108,880 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $668,870 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $494,596 |
| Total assets | $3,196,143 |
| Accounts payable and accrued expenses | $388,487 |
| Grants payable | $0 |
| Deferred revenue | $283,417 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $147,072 |
| Total liabilities | $818,976 |
| Net assets without donor restrictions | $2,377,167 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,196,143 |