Totals
- Total revenue
- $191,401
- Total expenses
- $226,401
- Contributions and grants received
- $180,000
- Grants paid
- $215,000
- Program service revenue
- $0
- Investment income
- $11,401
- Other revenue
- $0
- Total assets, end of year
- $100,822
- Total liabilities, end of year
- $40,000
- Net assets or fund balances, end of year
- $60,822
- Program services expenses (Part IX)
- $215,000
- Management and general expenses
- $11,401
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $215,000
Program services were 95.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$140,000
-
1f · All other contributions, gifts and grants
$40,000
-
3 · Investment income
total $11,401 · excluded $11,401
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $215,000 · program services $215,000
-
13 · Office expenses
total $11,401 · management and general $11,401
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $105,822 · end of year $100,822
-
17 · Accounts payable and accrued expenses
beginning of year $10,000 · end of year $40,000
-
27 · Net assets without donor restrictions
beginning of year $95,822 · end of year $15,822
-
28 · Net assets with donor restrictions
end of year $45,000
Mission and programs · 2023
Mission
TO SPUR ECONOMIC DEVELOPMENT AND RETAIN INTELLECTUAL CAPITAL IN THE TRI-COUNTY AREA. SUCH ACTIVITIES ARE LIMITED TO EXEMPT PURPOSES SET FORTH IN INTERNAL REVENUE CODE SECTION 501(C)(3). THE PRIMARY PURPOSE IS TO RECEIVE AND ADMINISTER FUNDS FOR CHARITABLE PURPOSES.
-
TO ENHANCE ECONOMIC DEVELOPMENT THROUGH THE RECEIPT AND ADMINISTRATION OF CHARITABLE FUNDS.
Expenses $205,000 · Grants $205,000
-
THROUGH LEAP'S PUBLIC ART FOR COMMUNITIES PROGRAM, TWO COMMUNITIES WERE GRANTED $5,000 EACH TO ENGAGE AN ARTIST TO PLACE A PIECE OF PUBLIC ART WITHIN THEIR CORE AREA.
Expenses $10,000 · Grants $10,000
As filed on the 2023 return.
Listed in Part VII
-
Jeffrey BensonJEFFREY BENSON
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lisa CorlessLISA CORLESS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Donald SimonDONALD SIMON
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Don McNabb Cgwp CpDON MCNABB CGWP CP
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Daryl AdamsDARYL ADAMS
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Carrie RosinganaCARRIE ROSINGANA
AT LARGE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mark McDanielMARK MCDANIEL
AT LARGE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Steve RobinsonDR STEVE ROBINSON
AT LARGE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kirk RayKIRK RAY
AT LARGE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kevin IrwinKEVIN IRWIN
AT LARGE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jo SinhaJO SINHA
AT LARGE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jv AndertonJV ANDERTON
AT LARGE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Robert L Trezise JrROBERT L TREZISE JR
PRESIDENT & CEO
- Total calculated
- $407,000
- From this org
- $0
- From related orgs
- $355,022
- Other
- $51,978
- Hours/week
- 1 + 41 related
Schedule J breakdown matched by us
- Base
- $0 + $355,022 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $17,325 related
- Nontaxable benefits
- $0 + $34,653 related
- Filer's total
- $0 + $407,000 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$205,000
GENERAL SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
LANSING ECONOMIC AREA DEVELOPMENT INC
501(C)(6) · ECONOMIC DEVELOPMENT · MI · controlled entity
Directly controlled by LANSING ECONOMIC AREA DEVELOPMENT INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 June 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421769349300737
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