Macomb Cultural And Economic Partnership
- Assets
- $430.8k
- Revenue
- $143.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Mount Clemens, MI
- Founding
- 02/1976
- Data as of
- 09/2022
- EIN
- 38-2062103
Organization Overview
Macomb Cultural And Economic Partnership is located in Mount Clemens, MI. The organization was established in 1976. According to its NTEE Classification (P52) the organization is classified as: Transportation Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Macomb Cultural And Economic Partnership is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Macomb Cultural And Economic Partnership generated $143.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.1%) each year. All expenses for the organization totaled $116.2k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (20.3%) per year over the past 7 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
THE ORGANIZATIONS PRIMARY PURPOSE IS DEDICATED TO CULTURAL APPRECIATION AND EXPANDING OPPORTUNITY FOR INCREASED GLOBAL AWARENESS, WITH AN EMPHASIS ON ENHANCING THE ECONOMIC AND SOCIAL WELFARE OF THE COMMUNITIES IN MACOMB COUNTY, MI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCEP CREATED AND PROVIDED ADMINISTRATIVE OVERSIGHT FOR AN ANNUAL OUTDOOR SCULPTURE DISPLAY ALONG THE MAIN TRAVEL ROUTES ENTERING AND LEAVING THE DOWNTOWN MOUNT CLEMENS AREA. THE SCULPTURE DISPLAYS ARE A PART OF MCEPS EFFORTS TO ENHANCE THE NEIGHBORHOODS SOCIAL ATMOSPHERE AND TO ENCOURAGE VISITORS TO THE AREA WHICH COULD HELP SUPPORT THE LOCAL BUSINESS COMMUNITY. MCEP PARTNERED WITH THE DETROIT INSTITUTE OF ARTS FOR AN ART CITY PROGRAM IN MOUNT CLEMENS. REPRODUCTIONS OF ARTWORK FOUND AT THE DIA WERE PLACED IN VACANT STOREFRONT WINDOWS THROUGHOUT THE BUSINESS DISTRICT IN THE DOWNTOWN AREA AS A WAY OF BRINGING MUSEUM QUALITY ART FOUND IN THE CITY OUT TO THE SUBURBS. MCEP ALSO HOSTED FREE OUTDOOR GUIDED WALKING TOURS OF BOTH THE SCULPTURE DISPLAYS AND THE ART CITY REPRODUCTIONS AS A WAY TO FOSTER GREATER CULTURAL UNDERSTANDING AND APPRECIATION. MCEP ORGANIZED TAKE-OUT A MEAL AND SUPPORT A SCULPTURE EVENTS WITH LOCAL RESTAURANTS AS A WAY TO HELP SUSTAIN ECONOMIC DEVELOPMENT DURING THE PANDEMIC AND AT THE SAME TIME RAISE FUNDS FOR THE RENTAL OF OUTDOOR ARTWORK FOR THE SCULPTURE WALK PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Bruley Secretarytreasurer | OfficerTrustee | 35 | $0 |
Erik Edoff Vice President | Officer | 4 | $0 |
Julie Matuzak President | Officer | 5 | $0 |
Paula Drewek Board Member | Trustee | 1 | $0 |
Timothy Morse Board Member | Trustee | 1 | $0 |
Kathy Banks Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $47,719 |
| Investment income | $39,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,447 |
| Net Gain/Loss on Asset Sales | $39,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,086 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,128 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $964 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,634 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,329 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,763 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,044 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,940 |
| Insurance | $1,928 |
| All other expenses | $0 |
| Total functional expenses | $116,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,458 |
| Savings and temporary cash investments | $24,303 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,500 |
| 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 | $0 |
| Net Land, buildings, and equipment | $136,986 |
| Investments—publicly traded securities | $240,572 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $430,819 |
| Accounts payable and accrued expenses | $3,472 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $3,472 |
| Net assets without donor restrictions | $427,347 |
| 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 | $430,819 |
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