Keweenaw Economic Development Alliance
- Assets
- $402.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Houghton, MI
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 23-7314061
Organization Overview
Keweenaw Economic Development Alliance is located in Houghton, MI. The organization was established in 2017. 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. Keweenaw Economic Development Alliance 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 12/2022, Keweenaw Economic Development Alliance generated $179.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $149.9k during the year ending 12/2022. While expenses have increased by 4.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Ratcliffe Executive Di | 0 | $0 | |
Brian Baccus President | 0 | $0 | |
Kevin Codere Member | 0 | $0 | |
Dan Crane Major Accoun | 0 | $0 | |
Jim Baker Executive Di | 0 | $0 | |
Tess Ahlborn Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,394 |
| Total Program Service Revenue | $16,577 |
| Membership dues | $135,875 |
| Investment income | $8,615 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $179,461 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,303 |
| Occupancy, rent, utilities, and maintenance | $3,600 |
| Printing, publications, postage, and shipping | $755 |
| Other expenses | $141,281 |
| Total expenses | $149,939 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $224,556 |
| Other assets | $0 |
| Total assets | $402,736 |
| Total liabilities | $34,966 |
| Net assets or fund balances | $367,770 |