Keweenaw Economic Development Alliance
- Assets
- $373.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Houghton, MI
- Founding
- 04/2017
- Data as of
- 12/2021
- 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 12/2021, Keweenaw Economic Development Alliance generated $172.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $155.6k during the year ending 12/2021. 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 |
|---|---|---|---|
Brian Baccus President | 0 | $0 | |
Kevin Codere Member | 0 | $0 | |
Dan Crane Major Accoun | 0 | $0 | |
Tess Ahlborn Member | 0 | $0 | |
Brad Barnett Member | 0 | $0 | |
Jim Baker Executive Di | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,045 |
| Total Program Service Revenue | $38,254 |
| Membership dues | $103,575 |
| Investment income | $5,761 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $172,635 |
| 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 | $16,145 |
| Occupancy, rent, utilities, and maintenance | $3,600 |
| Printing, publications, postage, and shipping | $848 |
| Other expenses | $134,968 |
| Total expenses | $155,561 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $269,177 |
| Other assets | $0 |
| Total assets | $373,456 |
| Total liabilities | $35,161 |
| Net assets or fund balances | $338,295 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
Invest Detroit Foundation Detroit, MI | $154,389,743 | $12,808,930 |
Wright Brothers Institute Inc Dayton, OH | $23,307,656 | $22,085,089 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
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 |