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Nonprofiteer
← OTSEGO COUNTY ECONOMIC ALLIANCE INC

Form 990 for tax year 2023

Filed by OTSEGO COUNTY ECONOMIC ALLIANCE INC.

Totals

Total revenue
$243,519
Total expenses
$308,342
Contributions and grants received
$162,017
Grants paid
$0
Program service revenue
$53,445
Investment income
$1,552
Other revenue
$26,505
Total assets, end of year
$38,315
Total liabilities, end of year
$7,718
Net assets or fund balances, end of year
$30,597
Program services expenses (Part IX)
$249,361
Management and general expenses
$49,613
Fundraising expenses
$9,368
Program service expenses (Part III)
$249,361

Program services were 80.9% 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.

  • 1e · Government grants (contributions)

    $83,520

  • 1f · All other contributions, gifts and grants

    $78,497

  • 2a · Program service revenue: LOCAL GOVERNMENT CONTR

    total $37,545 · related or exempt $37,545

  • 2b · Program service revenue: ANNUAL PARTNER CELEBRA

    total $15,900 · related or exempt $15,900

  • 3 · Investment income

    total $1,552 · excluded $1,552

  • 8a · Fundraising events: gross income

    $35,382

  • 8b · Fundraising events: direct expenses

    $10,122

  • 8c · Net income from fundraising events

    total $25,260 · excluded $25,260

  • 11a · Other revenue: MISCELLANEOUS

    total $1,245 · related or exempt $1,245

  • 11e · Other revenue, total

    $1,245

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $90,060 · program services $72,048 · management and general $15,310 · fundraising $2,702

  • 7 · Other salaries and wages

    total $86,897 · program services $69,518 · management and general $14,773 · fundraising $2,606

  • 8 · Pension plan contributions

    total $13,346 · program services $10,677 · management and general $2,269 · fundraising $400

  • 9 · Other employee benefits

    total $31,844 · program services $25,475 · management and general $5,413 · fundraising $956

  • 10 · Payroll taxes

    total $13,753 · program services $11,002 · management and general $2,338 · fundraising $413

  • 11c · Fees: accounting

    total $3,000 · program services $2,400 · management and general $600

  • 12 · Advertising and promotion

    total $2,202 · fundraising $2,202

  • 13 · Office expenses

    total $2,343 · program services $1,874 · management and general $398 · fundraising $71

  • 14 · Information technology

    total $200 · program services $160 · management and general $40

  • 16 · Occupancy

    total $19,757 · program services $15,806 · management and general $3,951

  • 19 · Conferences, conventions and meetings

    total $1,454 · program services $1,163 · management and general $291

  • 23 · Insurance

    total $1,199 · program services $959 · management and general $240

  • 24a · Other expenses: MI TRI SHARE PROGRAM

    total $18,082 · program services $18,082

  • 24b · Other expenses: HOUSING STUDY

    total $6,216 · program services $6,216

  • 24c · Other expenses: NEW OFFICE REHAB

    total $6,124 · program services $4,899 · management and general $1,225

  • 24d · Other expenses: ANNUAL PARTNER CELEBRAT

    total $5,822 · program services $5,822

  • 24e · All other expenses

    total $6,043 · program services $3,260 · management and general $2,765 · fundraising $18

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $451 · end of year $301

  • 2 · Savings and temporary cash investments

    beginning of year $88,783 · end of year $29,219

  • 3 · Pledges and grants receivable

    beginning of year $11,460 · end of year $8,795

  • 10a · Land, buildings and equipment: cost or other basis

    $6,355

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,355

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,274 · end of year $5,661

  • 19 · Deferred revenue

    end of year $2,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $57

  • 27 · Net assets without donor restrictions

    beginning of year $95,420 · end of year $30,597

Mission and programs · 2023

Mission

TO CHAMPION ECONOMIC GROWTH WHILE ENHANCING THE QUALITY OF LIFE IN OTSEGO COUNTY, MI THROUGH PUBLIC/PRIVATE PARTNERSHIPS.

Activities or mission (Part I)

TO CHAMPION ECONOMIC GROWTH WHILE ENHANCING THE QUALITY OF LIFE IN OTSEGO COUNTY THROUGH PUBLIC/ PRIVATE PARTNERSHIPS.

  • COMMUNICATION WITH OVER 60 EXISTING BUSINESSES, TO ASSIST WITH ECONOMIC DEVELOPMENT, INCLUDING EMPLOYMENT STABILIZATION AND CREATION.

    Expenses $249,361 · Revenue $56,285

As filed on the 2023 return.

Listed in Part VII

  • Regan Quaal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Barresi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nick Florian

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Mary Sanders

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Josh Kent

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carlin Smith

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Chris Squire

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keith Gornick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Gunderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phil Hofweber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lori Reichard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa McComb

    EXECUTIVE DIRECTOR

    Total calculated
    $90,060
    From this org
    $90,060
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Tim Hall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Huta

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kim Awrey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Hackbarth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Wojan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dona Wishart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adam Korson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Taylar Sides

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
19 April 2024
IRS schema version
2023v5.0
Source object
202441109349300634

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