Greater Lansing Destination Development Foundation
- Assets
- $266.6k
- Revenue
- $42.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 20-2930623
Organization Overview
Greater Lansing Destination Development Foundation is located in Lansing, MI. The organization was established in 2006. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Lansing Destination Development Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Greater Lansing Destination Development Foundation generated $42.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $36.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Greater Lansing Destination Development Foundation has awarded 105 individual grants totaling $355,123. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Pingston Executive Director | 1 | $0 | |
Paula Cunningham Director | 1 | $0 | |
Tom Collins Chairman | 1 | $0 | |
Pat Gillespie Director | 1 | $0 | |
Bonnie Knutson Director | 1 | $0 | |
Jack Roberts Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $42,281 |
| Interest on Savings | $636 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,917 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,408 |
| Total operating and administrative expenses | $15,258 |
| Contributions, gifts, grants paid | $21,000 |
| Total expenses and disbursements | $36,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $266,618 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $266,618 |
| Accounts payable and accrued expenses | $13,093 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,093 |
Grants Awarded
Over the last fiscal year, Greater Lansing Destination Development Foundation has awarded $21,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
IMPRESSION 5 SCIENCE CENTER PURPOSE: SPONSOR TRAVEL EXHIBIT | $7,500 |
LANSING ART GALLERY PURPOSE: RIVER TRAIL PUBLIC ART PROJECT | $5,000 |
East Lansing, MI PURPOSE: SPONSOR EVENT | $5,000 |
LANSING ENTERAINMENT PURPOSE: SILVER BELLS SPONSORSHIP | $2,500 |
CITY OF EAST LANSING PURPOSE: JAZZ FESTIVAL AND EAST LANSING ART FESTIVAL | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Detroit Convention & Vistors Bureau Detroit, MI | $36,765,048 | $14,015,809 |
Detroit Economic Growth Corp Detroit, MI | $7,209,211 | $10,420,774 |
Lawrence Economic Development Corporation South Point, OH | $62,339,240 | $9,945,474 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Southwest Michigan First Corporation Kalamazoo, MI | $10,945,070 | $8,560,798 |
Wenonah Park Properties Inc Bay City, MI | $22,411,152 | $7,079,713 |
Applied Research Institute Bloomington, IN | $3,329,526 | $9,074,163 |
Grand Rapids-Kent Cty Convention Center & Vistors Bureau Grand Rapids, MI | $10,130,209 | $9,465,987 |
Elevate Ventures Inc Indianapolis, IN | $13,635,821 | $6,541,390 |
Team Neo Foundation Cleveland, OH | $2,982,756 | $6,381,649 |
Greater Cincinnati Convention & Visitors Bureau Inc Cincinnati, OH | $12,063,911 | $8,787,781 |
Wayne State Univ Research & Techno- Logy Park In The City Of Detroit Detroit, MI | $24,221,060 | $8,978,851 |