I-69 Regional Development Corporation

Organization Overview

I-69 Regional Development Corporation is located in Lapeer, MI. The organization was established in 2013. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I-69 Regional Development Corporation 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 06/2021, I-69 Regional Development Corporation generated $22.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $3.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (18.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST BUSINESSES IN THE I-69 REGION CONSISTING OF LAPEER, ST CLAIR, SHIAWASSEE AND GENESEE COUNTIES FOR SUCH PURPOSES AS MAKING SMALL BUSINESS LOANS AND EDUCATIONAL PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ASSIST BUSINESSES IN THE I-69 REGION CONSISTING OF LAPEER, ST CLAIR, SHIAWASSEE AND GENESEE COUNTIES FOR SUCH PURPOSES AS MAKING SMALL BUSINESS LOANS AND EDUCATIONAL PURPOSES.


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Board, Officers & Key Employees

Name (title)Compensation
Mike Burke
Chairman
$0
Mark Morrison
Vice Chairma
$0
Larry Gawthrop
Trustee
$0
Barry Shoults
Trustee
$0
Don Dube
Trustee
$0
Greg West
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$13,000
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$13,000
Total Program Service Revenue$8,797
Investment income $506
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 $22,303

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