Form 990 for tax year 2023
Filed by MIDDLE MICHIGAN DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $1,108,013
- Total expenses
- $1,104,992
- Contributions and grants received
- $1,028,394
- Grants paid
- $193,642
- Program service revenue
- $68,700
- Investment income
- $794
- Other revenue
- $10,125
- Total assets, end of year
- $407,826
- Total liabilities, end of year
- $40,057
- Net assets or fund balances, end of year
- $367,769
- Program services expenses (Part IX)
- $1,002,942
- Management and general expenses
- $102,050
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,002,942
Program services were 90.8% 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)
$894,247
-
1f · All other contributions, gifts and grants
$134,147
-
2a · Program service revenue: MANAGEMENT FEES
total $68,700 · related or exempt $68,700
-
3 · Investment income
total $794 · excluded $794
-
11a · Other revenue: MISCELLANEOUS INCOME
total $10,125 · related or exempt $10,125
-
11e · Other revenue, total
$10,125
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $193,642 · program services $193,642
-
5 · Compensation of officers, directors and key employees
total $140,800 · program services $112,640 · management and general $28,160
-
7 · Other salaries and wages
total $153,603 · program services $122,882 · management and general $30,721
-
9 · Other employee benefits
total $16,900 · program services $13,520 · management and general $3,380
-
10 · Payroll taxes
total $24,606 · program services $19,685 · management and general $4,921
-
11c · Fees: accounting
total $8,994 · management and general $8,994
-
11g · Fees: other
total $41,359 · program services $41,359
-
12 · Advertising and promotion
total $52,379 · program services $52,379
-
13 · Office expenses
total $8,897 · program services $5,041 · management and general $3,856
-
16 · Occupancy
total $7,867 · program services $4,267 · management and general $3,600
-
17 · Travel
total $11,100 · program services $11,100
-
19 · Conferences, conventions and meetings
total $5,971 · program services $5,971
-
23 · Insurance
total $2,433 · management and general $2,433
-
24a · Other expenses: GRANT PROGRAM EXPENSES
total $419,978 · program services $419,978
-
24b · Other expenses: DUES
total $10,340 · management and general $10,340
-
24c · Other expenses: IDC RESTRICTED FUND EXP
total $5,000 · management and general $5,000
-
24d · Other expenses: BOARD OF DIRECTORS
total $645 · management and general $645
-
24e · All other expenses
total $478 · program services $478
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $320,988 · end of year $334,157
-
2 · Savings and temporary cash investments
beginning of year $31,645 · end of year $31,719
-
4 · Accounts receivable
beginning of year $30,176 · end of year $41,950
-
10a · Land, buildings and equipment: cost or other basis
$32,206
-
10b · Land, buildings and equipment: accumulated depreciation
$32,206
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $18,061 · end of year $40,057
-
27 · Net assets without donor restrictions
beginning of year $264,090 · end of year $264,142
-
28 · Net assets with donor restrictions
beginning of year $100,658 · end of year $103,627
Mission and programs · 2023
Mission
TO RETAIN AND ATTRACT BUSINESS IN CLARE AND ISABELLA COUNTIES.
Activities or mission (Part I)
TO GROW AND ADD VALUE TO MID-MICHIGAN ECONOMY WITH PROACTIVE SERVICE OFFERINGS AIMED TO RETAIN AND ATTRACT BUSINESS IN CLARE AND ISABELLA COUNTIES.
-
MARKETING AND PROMOTION OF MT. PLEASANT AND CLARE AND ISABELLA COUNTIES. PROMOTING ECONOMIC DEVELOPMENT OF THE AREA WITH EMPHASIS ON INDUSTRIAL AREAS AND UNIVERSITY PARK.
Expenses $1,002,942 · Grants $193,642 · Revenue $78,825
As filed on the 2023 return.
Listed in Part VII
-
ROBERT DAVIES
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
RICK BARZ
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JODY THOMPSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
BOB BALZER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SCOTT GOVITZ
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JUSTIN CAVANAUGH
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
KRISTI O'BOYLE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
AARON DESENTZ
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CHRIS ROWLEY
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MARITA HATTEM-SCHIFFMAN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MARK STUHLDREHER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ADRIAN KRAWCZYNSKI
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JEROME SCHWIND
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JEREMY HOWARD
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
NICOLE FROST
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
JON PAUL JONES
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
KAREN MOORE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
LORI PHELPS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
GREG RYNEARSON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CHRIS SHANNON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BRAD ELDRED
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DAVID STEVENS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JONATHAN WILSON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JAMES MCBRYDE
PRESIDENT & CEO
- Total calculated
- $140,800
- From this org
- $140,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
-
$125,000
WORKFORCE TRAINING EQUIPMENT
-
$25,000
MATCH ON MAIN
-
$19,830
MATCH ON MAIN
-
$19,812
MATCH ON MAIN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 22 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202411579349301406
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