Lenawee Economic Development Corporation

Organization Overview

Lenawee Economic Development Corporation is located in Adrian, MI. The organization was established in 1944. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Lenawee Economic Development Corporation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lenawee Economic Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Lenawee Economic Development Corporation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $987.1k during the year ending 12/2021. While expenses have increased by 15.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO STIMULATE ECONOMIC DEVELOPMENT, ATTRACT NEW BUSINESSES, GROW ESTABLISHED BUSINESSES AND SUPPORT ENTREPRENEURIAL ENDEAVORS IN LENAWEE COUNTY

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROMOTE AND ADVANCE THE COMMERCIAL INDUSTRIAL MORAL AND CIVIC WELFARE OF LENAWEE COUNTY TO PROMOTE NEW ECONOMIC DEVELOPMENT IN LENAWEE COUNTY AND ASSIST LENAWEE COUNTY BUSINESSES AND INDUSTRIES TO DEVELOP PLANS FOR GROWTH AND EXPANSION


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $470,827
All other contributions, gifts, grants, and similar amounts not included above$715,540
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,186,367
Total Program Service Revenue$202,100
Investment income $5,071
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 $1,393,538

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Lenawee Economic Development Corporation has recieved totaling $251,000.

Awarding OrganizationAmount
Promedica Health System Inc

Toledo, OH

PURPOSE: CHARITABLE DONATION

$250,000
$1,000
View Grant Recipient Profile

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