Form 990 for tax year 2024
Filed by MICHIGAN ECONOMIC DEVELOPMENT FOUNDATION.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2024 , filed 5 November 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Listed only on the later return
- Governor Gretchen WhitmerGOVERNOR GRETCHEN WHITMER
Totals
- Total revenue
- $687,709
- Total expenses
- $757,753
- Contributions and grants received
- $678,500
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $3,209
- Other revenue
- $6,000
- Total assets, end of year
- $912,784
- Total liabilities, end of year
- $24,608
- Net assets or fund balances, end of year
- $888,176
- Program services expenses (Part IX)
- $562,643
- Management and general expenses
- $83,110
- Fundraising expenses
- $112,000
- Program service expenses (Part III)
- $562,643
Program services were 74.3% 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.
-
1f · All other contributions, gifts and grants
$678,500
-
3 · Investment income
total $3,209 · excluded $3,209
-
11a · Other revenue: MISCELLANEOUS
total $6,000 · excluded $6,000
-
11e · Other revenue, total
$6,000
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $115,528 · management and general $3,528 · fundraising $112,000
-
11b · Fees: legal
total $27,360 · management and general $27,360
-
11c · Fees: accounting
total $42,500 · management and general $42,500
-
12 · Advertising and promotion
total $612 · management and general $612
-
19 · Conferences, conventions and meetings
total $453,860 · program services $453,860
-
23 · Insurance
total $5,723 · management and general $5,723
-
24a · Other expenses: CLIENT DEVELOPMENT
total $104,748 · program services $104,748
-
24b · Other expenses: DEI
total $4,035 · program services $4,035
-
24c · Other expenses: MISCELLANEOUS
total $3,387 · management and general $3,387
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $727,036 · end of year $830,484
-
3 · Pledges and grants receivable
beginning of year $103,202 · end of year $25,000
-
4 · Accounts receivable
beginning of year $120,221 · end of year $45,930
-
9 · Prepaid expenses and deferred charges
beginning of year $26,673 · end of year $11,370
-
17 · Accounts payable and accrued expenses
beginning of year $18,912 · end of year $24,608
-
27 · Net assets without donor restrictions
beginning of year $783,220 · end of year $788,176
-
28 · Net assets with donor restrictions
beginning of year $175,000 · end of year $100,000
Mission and programs · 2024
Mission
TO LESSEN THE BURDEN OF THE GOVERNMENT OF THE STATE OF MICHIGAN, TO PROMOTE THE PUBLIC WELFARE, AND TO RELIEVE THE CONDITION OF HIGH UNEMPLOYMENT IN THE STATE OF MICHIGAN.
Activities or mission (Part I)
TO LESSEN THE BURDEN OF THE GOVERNMENT OF THE STATE OF MICHIGAN, TO PROMOTE THE PUBLIC WELFARE
-
INVESTMENT MISSIONS TO POSITION MICHIGAN AS THE PREMIER LOCATION IN NORTH AMERICA FOR INTERNATIONAL COMPANIES IN TARGETED INDUSTRY SECTORS. THESE MISSIONS ARE CONDUCTED BY KEY ECONOMIC DEVELOPMENT OFFICIALS TO TARGET SELECT COMPANIES AND EVENTS ABROAD, INCLUDING SEVEN MISSIONS THAT OCCURED IN 2024.
Expenses $453,860
-
EDUCATIONAL EVENTS, RECEPTIONS, & CONFERENCES TO PROMOTE ECONOMIC DEVELOPMENT IN MICHIGAN. IN 2024 THESE EVENTS WERE ATTENDED BY MORE THAN 10,000 PARTICIPANTS, INCLUDING BUSINESS REPS AND NATIONAL AND INTERNATIONAL AUTOMOTIVE SUPPLIERS.
Expenses $104,748
-
COLLABORATION WITH OTHER LOCAL AND PRIVATE ENTITIES STRIVING TO ENSURE GROWTH AND PROVIDE AN ECONOMIC BOOST AND ENTERTAINMENT TO LOCAL COMMUNITIES.
Expenses $4,035
As filed on the 2024 return.
Listed in Part VII
-
Cynthia StumpCYNTHIA STUMP
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Deeana AhmedDEEANA AHMED
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Eleanor ReeceELEANOR REECE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Gabby BrunoGABBY BRUNO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
George W Cook IIIGEORGE W COOK III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeff StoutenburgJEFF STOUTENBURG
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
John Van FossenJOHN VAN FOSSEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Joseph RohatynskiJOSEPH ROHATYNSKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Kelly M HallKELLY M HALL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Ken HaywardKEN HAYWARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Trevor LauerTREVOR LAUER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Ashley SavieoASHLEY SAVIEO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Marc R CorriveauMARC R CORRIVEAU
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Nick SitarskiNICK SITARSKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Phil YeiterPHIL YEITER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Rick LantzRICK LANTZ
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert F TownsendROBERT F TOWNSEND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Sarah GonzalesSARAH GONZALES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Amy HicksAMY HICKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Valerie KnolVALERIE KNOL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Renee WilliamsRENEE WILLIAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Rebecca Bahar-CookREBECCA BAHAR-COOK
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
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
- 2024
- Filed
- 9 June 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531619349300613
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