Marshall Area Economic Development Alliance
- Assets
- $870.8k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Marshall, MI
- Founding
- 10/2014
- Data as of
- 06/2022
- EIN
- 46-1516144
Organization Overview
Marshall Area Economic Development Alliance, operating under the name Maeda, is located in Marshall, MI. The organization was established in 2014. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 06/2022, Maeda employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maeda 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 06/2022, Maeda generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 13.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
ECONOMIC DEVELOPMENT, PROMOTION OF TOURISM, BUSINESS RETENTION, SMALL BUSINESS GROWTH AND DEVELOPMENT, AND VOLUNTEERISM
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOURISM PROMOTIONS: THIS PROGRAM IS DESIGNED TO PROMOTE THE MARSHALL AREA TO ATTRACT VISITORS TO STAY, SHOP, DINE,AND ENJOY OUR HISTORIC COMMUNITY AND EVENTS.
ECONOMIC DEVELOPMENT: THIS PROGRAM IS FOR THE PROMOTION AND MARKETING OF THE MARSHALL AREA TO ATTRACT AND RETAIN INDUSTRIAL AND COMMERCIAL BUSINESSES.
SMALL BUSINESS SERVICES: THIS PROGRAM IS TO FUND SUPPORT FOR THE SMALL BUSINESSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Durian Principal | Officer | 40 | $108,291 |
Matt Davis Chair | OfficerTrustee | $0 | |
Kelli Scott Treasurer | OfficerTrustee | $0 | |
George Jenkot Vice Chair | OfficerTrustee | $0 | |
Richard Lindsey Secretary | OfficerTrustee | $0 | |
Harmony Dawson Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $43,825 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,512,821 |
| 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 | $1,556,646 |
| Total Program Service Revenue | $0 |
| Investment income | $372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $456 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,562,359 |
| 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 | $327,353 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $50,115 |
| Office expenses | $19,016 |
| Information technology | $9,093 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,585 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,135 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,079 |
| Insurance | $2,533 |
| All other expenses | $0 |
| Total functional expenses | $1,471,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $549,271 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $247,591 |
| 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 | $6,892 |
| Net Land, buildings, and equipment | $66,998 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $870,752 |
| Accounts payable and accrued expenses | $40,140 |
| Grants payable | $0 |
| Deferred revenue | $32,716 |
| 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 | $72,856 |
| Net assets without donor restrictions | $797,896 |
| 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 | $870,752 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Land Reform Inc Flint, MI | $4,615,802 | $4,633,000 |
Otsego County Economic Alliance Inc Gaylord, MI | $173,571 | $2,171,893 |
Taliesin Preservation Inc Spring Green, WI | $4,141,300 | $2,912,475 |
Michigan League Of Conservation Voters Education Fund Ann Arbor, MI | $2,117,866 | $2,173,600 |
Halter Wildlife Inc Pleasant Prairie, WI | $2,698,381 | $1,665,084 |
Marshall Area Economic Development Alliance Marshall, MI | $870,752 | $1,562,359 |
Columbus Recreation And Parks Foundation Columbus, OH | $1,131,377 | $798,091 |
Sustainable Purchasing Council Grandville, MI | $420,834 | $655,241 |
Alpha Pi Alliance For The Preserva Tion Of Historic Places Inc Verona, WI | $16,278 | $246,592 |
Southern Indiana Cooperative Weed Management Area Inc Bedford, IN | $176,212 | $498,239 |
Whitewater Canal Trail Inc Brookville, IN | $1,012,026 | $945,526 |
Coalition For Sustainable Initiatives Whitefish Bay, WI | $10,950 | $440,660 |