Mason County Economic Development Alliance
- Assets
- $238.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ludington, MI
- Founding
- 01/1993
- Data as of
- 12/2022
- EIN
- 38-2950628
Organization Overview
Mason County Economic Development Alliance is located in Ludington, MI. The organization was established in 1993. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Mason County Economic Development Alliance 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 12/2022, Mason County Economic Development Alliance generated $54.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $35.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (18.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Polly Myer Treasurer | 0 | $0 | |
Brandy Miller President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,625 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $54,625 |
| 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 | $610 |
| Occupancy, rent, utilities, and maintenance | $23,920 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,821 |
| Total expenses | $35,351 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,534 |
| Other assets | $0 |
| Total assets | $238,698 |
| Total liabilities | $213,147 |
| Net assets or fund balances | $25,551 |