Lansing Regional Development Foundation
- Assets
- $101.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 11/1983
- Data as of
- 12/2021
- EIN
- 38-2390996
Organization Overview
Lansing Regional Development Foundation is located in Lansing, MI. The organization was established in 1983. 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. Lansing Regional 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, Lansing Regional Development Foundation generated $97.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $50.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (25.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
HELD VARIOUS MEETINGS AND CONFERENCES THROUGHOUT THE YEAR TO BRING PROFESSIONALS TOGETHER AND HELP THEM COMMIT TO CREATING CONNECTIONS AND LEARNING FROM AND SUPPORTING ONE ANOTHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Massey Director | 0.5 | $0 | |
Luke Terry Treasurer | 1 | $0 | |
Lisa O'connor Director | 0.5 | $0 | |
Patricia Scott Legal Counsel | 0.5 | $0 | |
Tim Daman President, Board Secretary | 1 | $0 | |
Matt Resch Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $79,276 |
| Membership dues | $18,365 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $97,641 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $50,848 |
| Total expenses | $50,848 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $87,554 |
| Other assets | $0 |
| Total assets | $101,943 |
| Total liabilities | $0 |
| Net assets or fund balances | $101,943 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lansing Regional Development Foundation has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Ford Motor Co Fund Dearborn, MI PURPOSE: ARTS SUPPORT | $2,500 |
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 |