The Michigan China Business Development Group
- Assets
- $14.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Troy, MI
- Founding
- 12/2016
- Data as of
- 09/2023
- EIN
- 81-1789490
Organization Overview
The Michigan China Business Development Group is located in Troy, MI. The organization was established in 2016. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Michigan China Business Development Group employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan China Business Development Group 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 09/2023, Michigan China Business Development Group generated $4.1k 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 (54.4%) each year. All expenses for the organization totaled $327.5k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
BUILDING BUSINESS TIES IN THE CLEAN TECH INDUSTRY BETWEEN MICHIGAN AND CHINA. PROGRAMS INVOLVED CONDUCTING EXPLORATORY CONVERSATIONS WITH COMPANIES IN MICHIGAN AND CHINA ABOUT OPPORTUNITIES TO CONNECT WITH TECHNOLOGY, MARKETS, OR CAPITAL IN THE OTHER REGION, AND FORMS OF COLLABORATION THEY MIGHT HAVE WITH PLAYERS FROM THE OTHER REGION. ONE IMPORTANT RESULT HAS BEEN PROMOTION OF THE STATE OF MICHIGAN'S NEXT CYCLE PROGRAM, A RECYCLING BUSINESS ACCELERATOR, TO COMPANIES FROM CHINA AND TAIWAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Connors President And Director | 8 | $17,126 | |
Antonio Luck Director | 0.1 | $0 | |
Matthew Roling Director | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mbc Shanghai Co Ltd Marketing, Consulting | 9/29/18 | $80,000 |
Skidmore Studios Website Design And Support | 9/29/18 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,430 |
| Membership dues | $0 |
| Investment income | $682 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,112 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,083 |
| Professional fees and other payments to independent contractors | $43,705 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $804 |
| Other expenses | $215,899 |
| Total expenses | $327,491 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,964 |
| Other assets | $0 |
| Total assets | $14,938 |
| Total liabilities | $0 |
| Net assets or fund balances | $14,938 |