Innovation Marquette Enterprise Corporation
- Assets
- $1.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Marquette, MI
- Founding
- 09/2015
- Data as of
- 09/2021
- EIN
- 47-3721222
Organization Overview
Innovation Marquette Enterprise Corporation is located in Marquette, MI. The organization was established in 2015. 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 09/2021, Innovation Marquette Enterprise Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovation Marquette Enterprise 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 09/2021, Innovation Marquette Enterprise Corporation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 33.3% each year . All expenses for the organization totaled $965.1k during the year ending 09/2021. While expenses have increased by 21.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NON-PROFIT BUSINESS ACCELERATOR, PROVIDING SUPPORT AND SERVICES TO INNOVATORS, INVENTORS, RESEARCHERS AND ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PARTNERS WITH OTHER COMMUNITY ASSETS AND ORGANIZATIONS TO HELP TRANSFORM THE COMMUNITY AND REGION INTO A WORLD-CLASS ENTREPRENEURIAL ECOSYSTEM SUPPORTING INNOVATORS, INVENTORS, RESEARCHERS, AND ENTREPRENEURS TO CREATE NEW TECH-BASED BUSINESS START-UPS AND OTHER ENTREPRENEURIAL ENDEAVORS THAT CREATE NEW JOBS AND RETAIN EXISTING ONES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Thiel CEO | Officer | 40 | $130,000 |
Rob Carpenter Vice Chairperson | OfficerTrustee | 1 | $0 |
Thomas Anthos Chairperson | OfficerTrustee | 1 | $0 |
David Nyberg Vice Chairperson | OfficerTrustee | 1 | $0 |
Mark Link Treasurer | OfficerTrustee | 1 | $0 |
Nancy Lyons Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $169,446 |
| 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 | $169,446 |
| Total Program Service Revenue | $1,260,234 |
| Investment income | $1,344 |
| 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 | $1,431,024 |
| 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. | $130,000 |
| Compensation of current officers, directors, key employees. | $67,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $276,101 |
| Pension plan accruals and contributions | $13,450 |
| Other employee benefits | $21,008 |
| Payroll taxes | $31,608 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,940 |
| Fees for services: Accounting | $14,884 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $216,501 |
| Advertising and promotion | $112,819 |
| Office expenses | $16,427 |
| Information technology | $18,449 |
| Royalties | $0 |
| Occupancy | $17,645 |
| Travel | $12,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,859 |
| Interest | $552 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,908 |
| Insurance | $4,476 |
| All other expenses | $0 |
| Total functional expenses | $965,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,210 |
| Savings and temporary cash investments | $846,576 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $105,814 |
| 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 | $50,377 |
| Net Land, buildings, and equipment | $22,864 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,189,841 |
| Accounts payable and accrued expenses | $62,597 |
| 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 | $84,883 |
| Total liabilities | $147,480 |
| Net assets without donor restrictions | $1,042,361 |
| 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 | $1,189,841 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Innovation Marquette Enterprise Corporation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Portage Health Foundation Hancock, MI PURPOSE: GENERAL SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Statewide Energy Efficiency Andrenewables Administration Inc Madison, WI | $63,794,129 | $99,926,553 |
Society Of Manufacturing Engineers Southfield, MI | $77,116,365 | $66,156,404 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
International Foundation Of Employee Benefit Plans Inc Brookfield, WI | $45,052,685 | $24,056,813 |
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
Leap Lansing, MI | $5,631,252 | $15,493,708 |
Greater Cleveland Partnership Cleveland, OH | $36,035,820 | $14,402,868 |
Board Of Certified Safety Professionals Of The Americas Inc Indianapolis, IN | $35,079,358 | $17,695,377 |
Asqexcellence Inc Milwaukee, WI | $6,648,120 | $11,915,494 |
The Right Place Inc Grand Rapids, MI | $10,135,241 | $14,178,677 |
Central Indiana Corporate Partnership Inc Indianapolis, IN | $8,694,724 | $11,696,503 |
Automotive Industry Action Group Southfield, MI | $14,204,782 | $10,849,803 |