Southwestern Michigan Economic Growth Alliance Inc
- Assets
- $76.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Niles, MI
- Founding
- 11/1983
- Data as of
- 12/2022
- EIN
- 38-2433621
Organization Overview
Southwestern Michigan Economic Growth Alliance Inc is located in Niles, 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. As of 12/2022, Southwestern Michigan Economic Growth Alliance Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwestern Michigan Economic Growth Alliance Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Southwestern Michigan Economic Growth Alliance Inc generated $141.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $150.5k during the year ending 12/2022. While expenses have increased by 2.7% per year over the past 8 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
WORK IN PROMOTING INDUSTRIAL RETENTION AND THE CREATION OF JOBS IN THE GREATER NILES AREA. ATTRACT NEW BUSINESS AND PROVIDE THE NECESSARY SUPPORT SERVICES THAT WILL ENABLE THE NEW BUSINESSES TO OBTAIN AVAILABLE BUSINESS START-UP ASSISTANCE PROGRAMS. ASSIST CURRENT BUSINESSES IN EXPANSION AND OTHER GRANT OR ABATEMENT OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deb Johnson Director | 0 | $0 | |
Bill Deluca Director | 0 | $0 | |
Jeff Rea President & | 0 | $0 | |
Nate Parks Director | 0 | $0 | |
Mark Weber Director | 0 | $0 | |
David Eifler Chairman | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,451 |
| Total Program Service Revenue | $27,575 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $141,026 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $53,301 |
| Professional fees and other payments to independent contractors | $51,740 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $508 |
| Other expenses | $44,969 |
| Total expenses | $150,518 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $76,136 |
| Other assets | $0 |
| Total assets | $76,136 |
| Total liabilities | $0 |
| Net assets or fund balances | $76,136 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southwestern Michigan Economic Growth Alliance Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Greater Niles Economic Development Full Employment Corporation Niles, MI PURPOSE: ECONOMIC GROWTH | $10,000 |
Peer Organizations
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|---|---|---|
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
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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 |