Economic Development Leaders For Michigan
- Assets
- $89.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- Data as of
- 12/2023
- EIN
- 85-2233657
Organization Overview
Economic Development Leaders For Michigan is located in Lansing, MI.
For the year ending 12/2023, Economic Development Leaders For Michigan generated $82.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $60.0k during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROMOTE ECONOMIC DEVELOPMENT IN MICHIGAN, FUND ECONOMIC DEVELOPMENT PROJECTS, OBTAIN FAVORABLE PUBLIC SUPPORT AND RECEIVE AND ADMINISTER FUNDS FOR DISTRIBUTION FOR SOCIAL WELFARE PURPOSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Dillon Director | 0.5 | $0 | |
Rusty Merchant President | 1 | $0 | |
William Jackson Treasurer/secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $259 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $82,759 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $59,580 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $400 |
| Total expenses | $59,980 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,839 |
| Other assets | $0 |
| Total assets | $89,839 |
| Total liabilities | $10,000 |
| Net assets or fund balances | $79,839 |