Form 990 for tax year 2024
Filed by MIDDLE MICHIGAN DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $550,726
- Total expenses
- $649,051
- Contributions and grants received
- $278,863
- Grants paid
- $37,224
- Program service revenue
- $266,420
- Investment income
- $24
- Other revenue
- $5,419
- Total assets, end of year
- $307,638
- Total liabilities, end of year
- $49,063
- Net assets or fund balances, end of year
- $258,575
- Program services expenses (Part IX)
- $568,652
- Management and general expenses
- $80,399
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $568,652
Program services were 87.6% 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)
$141,173
-
1f · All other contributions, gifts and grants
$137,690
-
2a · Program service revenue: CLIENT FEES
total $266,420 · related or exempt $266,420
-
3 · Investment income
total $24 · excluded $24
-
11a · Other revenue: MISCELLANEOUS
total $5,419 · related or exempt $5,419
-
11e · Other revenue, total
$5,419
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $37,224 · program services $37,224
-
5 · Compensation of officers, directors and key employees
total $147,452 · program services $117,962 · management and general $29,490
-
7 · Other salaries and wages
total $182,048 · program services $175,128 · management and general $6,920
-
10 · Payroll taxes
total $25,956 · program services $20,765 · management and general $5,191
-
11c · Fees: accounting
total $8,920 · management and general $8,920
-
11g · Fees: other
total $6,250 · program services $6,250
-
12 · Advertising and promotion
total $49,305 · program services $49,305
-
13 · Office expenses
total $7,984 · program services $4,299 · management and general $3,685
-
16 · Occupancy
total $5,258 · program services $2,629 · management and general $2,629
-
17 · Travel
total $14,089 · program services $14,089
-
19 · Conferences, conventions and meetings
total $7,033 · program services $7,033
-
23 · Insurance
total $4,321 · management and general $4,321
-
24a · Other expenses: GRANT PROGRAM EXPENSES
total $105,073 · program services $105,073
-
24b · Other expenses: EQUIPMENT
total $14,221 · program services $7,111 · management and general $7,110
-
24c · Other expenses: DIRECT PROGRAM EXPENSES
total $14,181 · program services $14,181
-
24d · Other expenses: DUES
total $11,717 · management and general $11,717
-
24e · All other expenses
total $8,019 · program services $7,603 · management and general $416
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $334,157 · end of year $90,994
-
2 · Savings and temporary cash investments
beginning of year $31,719 · end of year $10,717
-
4 · Accounts receivable
beginning of year $41,950 · end of year $37,938
-
10a · Land, buildings and equipment: cost or other basis
$200,195
-
10b · Land, buildings and equipment: accumulated depreciation
$32,206
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $167,989
-
17 · Accounts payable and accrued expenses
beginning of year $40,057 · end of year $49,063
-
27 · Net assets without donor restrictions
beginning of year $264,142 · end of year $218,378
-
28 · Net assets with donor restrictions
beginning of year $103,627 · end of year $40,197
Mission and programs · 2024
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 $568,652 · Revenue $271,839
As filed on the 2024 return.
Listed in Part VII
-
Rick BarzRICK BARZ
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jody ThompsonJODY THOMPSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Bob BalzerBOB BALZER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Justin CavanaughJUSTIN CAVANAUGH
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Aaron DesentzAARON DESENTZ
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chris RowleyCHRIS ROWLEY
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marita Hattem-SchiffmanMARITA HATTEM-SCHIFFMAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mark StuhldreherMARK STUHLDREHER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jerome SchwindJEROME SCHWIND
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jeremy HowardJEREMY HOWARD
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Jon Paul JonesJON PAUL JONES
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lori PhelpsLORI PHELPS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Greg RynearsonGREG RYNEARSON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brad EldredBRAD ELDRED
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan WilsonJONATHAN WILSON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Arlene Anderson-VincentARLENE ANDERSON-VINCENT
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matt BioletteMATT BIOLETTE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lisa GrahamLISA GRAHAM
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tim HoodTIM HOOD
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Pepper LockhartPEPPER LOCKHART
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Neil MacKinnonNEIL MACKINNON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Eric RodriguezERIC RODRIGUEZ
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David Martin StevensDAVID MARTIN STEVENS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brian SmithBRIAN SMITH
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kristen WenzelKRISTEN WENZEL
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nate WeisenburgerNATE WEISENBURGER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
James McBrydeJAMES MCBRYDE
PRESIDENT & CEO
- Total calculated
- $147,452
- From this org
- $147,452
- 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
-
LONGER TABLE
$19,697
MATCH ON MAIN
-
$9,670
MEDC ENVIRONMENTAL REVIEW
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523219349308807
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