Northern Transformation Corporation
- Assets
- $262.5k
- Revenue
- $109.0k
- Investments
- $0.0
- Employees
- 0
- Location
- West Branch, MI
- Founding
- 10/2010
- Data as of
- 12/2021
- EIN
- 27-3146614
Organization Overview
Northern Transformation Corporation is located in West Branch, MI. The organization was established in 2010. According to its NTEE Classification (S32) the organization is classified as: Rural 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. Northern Transformation Corporation 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, Northern Transformation Corporation generated $109.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $77.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE IN NORTHERN MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT FOR ARENAC, CLARE, GLADWIN, ROSCOMMON, AND OGEMAW COUNTIES. ECONOMIC DEVELOPMENT ACTIVITIES IN CONJUNCTION WITH THE LOCAL COUNTY EDC BOARDS AND COMMISSIONERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark L Berdan President | Trustee | 5 | $0 |
Scott Govitz Trustee | Trustee | 2 | $0 |
Robert Caillier Jr Vice Preside | Trustee | 5 | $0 |
Renee M Nagy Trustee | Trustee | 3 | $0 |
Thomas O'brien Treasurer | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $108,813 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,813 |
| Total Program Service Revenue | $0 |
| Investment income | $192 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $109,005 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $39,911 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $358 |
| Advertising and promotion | $22,015 |
| Office expenses | $551 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,725 |
| Travel | $1,425 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $730 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,099 |
| All other expenses | $0 |
| Total functional expenses | $77,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,712 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,813 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $262,525 |
| Accounts payable and accrued expenses | $856 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $856 |
| Net assets without donor restrictions | $225,646 |
| Net assets with donor restrictions | $36,023 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $262,525 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Northern Transformation Corporation has recieved totaling $23,000.
| Awarding Organization | Amount |
|---|---|
Saginaw Community Foundation Saginaw, MI PURPOSE: CAREER QUEST | $11,500 |
Saginaw Community Foundation Saginaw, MI PURPOSE: CAREER QUEST | $11,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rural Action Inc The Plains, OH | $1,800,530 | $4,307,921 |
Stark Economic Development Board Inc Canton, OH | $4,016,090 | $2,811,607 |
Appalachian Center For Economic Networks Inc Athens, OH | $3,317,109 | $1,167,468 |
Lawrenceburg Main Street Inc Lawrenceburg, IN | $459,945 | $977,543 |
Techgrowth Ohio Fund Athens, OH | $4,232,891 | $2,240,718 |
Door County Economic Development Corporation Sturgeon Bay, WI | $2,581,699 | $998,049 |
Meigs County Community Improvement Corporation Pomeroy, OH | $9,768,441 | $1,309,998 |
Chi Ishobak Inc Dowagiac, MI | $9,230,195 | $2,545,311 |
Help Malawi Cleveland, OH | $35,635 | $437,407 |
Indiana Cooperative Development Center Inc Indianapolis, IN | $313,180 | $345,491 |
Fort Recovery Ambassador Club Inc Fort Recovery, OH | $411,997 | $316,742 |
Michigan Rural Rehabilitation Corporation Marshall, MI | $5,790,838 | $303,009 |