Northern Lakes Economic Alliance

Organization Overview

Northern Lakes Economic Alliance is located in Boyne City, MI. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 09/2022, Northern Lakes Economic Alliance employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Lakes Economic 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 09/2022, Northern Lakes Economic Alliance generated $444.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $452.9k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

CONDUCT PROGRAMS TO FOSTER DEVELOPMENT AND RETAIN AND ATTRACT JOBS IN ANTRIM CHARLEVOIX EMMET AND CHEBOYGAN COUNTIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

BUSINESS DEVELOPMENT - TO CONDUCT PROGRAMS TO FOSTER DEVELOPMENT AND RETAIN AND ATTRACT JOBS IN ANTRIM, CHARLEVOIX, CHEBOYGAN AND EMMET COUNTIES


ASSISTANCE WITH ADMINISTERING GRANTS AND LOANS


ANNUAL GATHERING TO EDUCATE AND INFORM COMMUNITY LEADERS ON STATUS AND DRIVERS OF REGIONAL ECONOMY.


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Board, Officers & Key Employees

Name (title)Compensation
David Emmel
President
$79,763
Robin Stanley
Immd Past Board Chair
$0
Jim Rummer
Board Chair
$0
Paul Blome
Treasurer
$0
Jeff Lawson
Secretary
$0
Carlin Smith
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$324,312
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$59,978
Noncash contributions included in lines 1a–1f $25,260
Total Revenue from Contributions, Gifts, Grants & Similar$384,290
Total Program Service Revenue$57,383
Investment income $2,395
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 $444,068

Grants Awarded

Over the last fiscal year, Northern Lakes Economic Alliance has awarded $19,433 in support to 2 organizations.

Grant RecipientAmount

EAST JORDAN CHAMBER

Org PageRecipient Profile

East Jordan, MI

PURPOSE: Funds for new businesses

$14,933

EAST JORDAN CHAMBER

Org PageRecipient Profile

East Jordan, MI

PURPOSE: Breezeway Project

$4,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Northern Lakes Economic Alliance has recieved totaling $105,000.

Awarding OrganizationAmount
Dte Energy Foundation

Detroit, MI

PURPOSE: ECONOMIC PROGRESS

$50,000
Dte Energy Foundation

Detroit, MI

PURPOSE: ECONOMIC PROGRESS

$50,000
Consumers Energy Foundation

Jackson, MI

PURPOSE: ECONOMIC DEVELOPMENT MEMBERSHIP INVESTMENT

$5,000
View Grant Recipient Profile

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