The Right Place Inc
- Assets
- $10.1m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 46
- Location
- Grand Rapids, MI
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 38-3262801
Organization Overview
The Right Place Inc is located in Grand Rapids, MI. The organization was established in 1997. 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, Right Place Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Right Place Inc 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, Right Place Inc generated $14.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $12.4m during the year ending 12/2021. While expenses have increased by 14.1% 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.
Since 2020, Right Place Inc has awarded 2,089 individual grants totaling $22,794,638. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE RIGHT PLACE IS THE ECONOMIC DEVELOPMENT ORGANIZATION THAT DRIVES CURRENT AND LONG-TERM ECONOMIC PROSPERITY IN WEST MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICHIGAN MANUFACTURING TECHNOLOGY CENTER WEST: STRIVES TO ASSIST MANUFACTURERS TO IMPROVE THEIR PERFORMANCE, EFFICIENCY AND PRODUCTIVITY. CONSULTING, USER GROUPS, WORKSHOPS AND CONFERENCES CONDUCTED BY MICHIGAN MANUFACTURING TECHNOLOGY CENTER - WEST FOCUS ON INDUSTRY 4.0, MARKET DIVERSIFICATION, LEAN MANUFACTURING PRACTICES, TOTAL QUALITY MANAGEMENT PRINCIPLES, ISO/QS9000 CERTIFICATION AND CONTINUOUS IMPROVEMENT PROCESSES.
APPROVED BY THE MICHIGAN STRATEGIC FUND ON JANUARY 14, 2021, THE MICHIGAN SMALL BUSINESS SURVIVAL GRANT PROGRAM ALLOCATED $55 MILLION TO PROVIDE SUPPORT TO MICHIGAN SMALL BUSINESSES THAT WERE DISPROPORTIONATELY IMPACTED BY THE COVID-19 VIRUS AND THE GATHERINGS AND MASK ORDER. THE STATE OF MICHIGAN APPROPRIATED THE FUNDS THROUGH SB 748.
BUSINESS DEVELOPMENT - PERFORMS ECONOMIC DEVELOPMENT SERVICES WITH A FOCUS ON KENT COUNTY AND OTHER COUNTIES IN WEST MICHIGAN. THE TEAM DRIVES STRATEGIC, LONG TERM ECONOMIC PROSPERITY FOR THE REGION THROUGH BUSINESS RETENTION, EXPANSION AND ATTRACTION EFFORTS.
TALENT INITIATIVES - PROMOTES WEST MICHIGAN AS A PLACE WHERE BUSINESS THRIVES AND PEOPLE WANT TO LIVE AND WORK. TALENT INITIATIVES SEEKS TO INCREASE THE RATE OF SUCESS MEMBER COMPANIES HAVE IN THEIR EFFORTS TO RECRUIT TOP TALENT. THIS WORK INCLUDES, BUT IS NOT LIMITED TO, A WEBSITE FEATURING INFORMATION ABOUT LIVING AND WORKING IN WEST MICHIGAN; PROVIDING A WEBSITE PORTAL FEATURING CAREER INFORMATION; ORGANIZING BUSINESS NETWORKING EVENTS; PROVIDING EMPLOYEE RELOCATION SERVICES; RECRUITMENT ADVERTISING SERVICES, NAMELY, POSTING ADVERTISEMENTS TO PROMOTE WORK IN THE REGION; PROVIDING A DATABASE OF RESUMES OF PROSPECTIVE EMPLOYEES TO EMPLOYERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Thelen CEO (3-1-2022 - Present) | OfficerTrustee | 58 | $466,019 |
Twayne Howard Assistant Treasurer & Coo, Interim CEO (feb. 2022 | OfficerTrustee | 58 | $179,248 |
Brent Case VP Attraction | 50 | $139,898 | |
Timothy Mroz Sr VP Of Strategic Initatives | 50 | $138,712 | |
Brad Comment Sr VP Of Investor Relations | 50 | $134,738 | |
Cindy Brown VP Talent Initiatives | 50 | $120,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grand Rapids Community College Tassell M Contracted Client Services | 12/30/21 | $853,101 |
Muskegon Community College Contracted Client Services | 12/30/21 | $178,882 |
Disher Corporation Contracted Client Services | 12/30/21 | $104,077 |
Lean Fox Solutions Llc Contracted Client Services | 12/30/21 | $177,993 |
Hr Select Llc Hr Services | 12/30/21 | $106,461 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,269,100 |
| Government grants | $6,861,003 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,144,832 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,274,935 |
| Total Program Service Revenue | $3,886,997 |
| Investment income | $16,457 |
| 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 | $14,178,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,989,899 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $945,991 |
| Compensation of current officers, directors, key employees. | $531,666 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,268,284 |
| Pension plan accruals and contributions | $104,123 |
| Other employee benefits | $360,978 |
| Payroll taxes | $226,958 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,495 |
| Fees for services: Accounting | $20,616 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,412,914 |
| Advertising and promotion | $67,523 |
| Office expenses | $318,558 |
| Information technology | $21,340 |
| Royalties | $0 |
| Occupancy | $146,079 |
| Travel | $85,659 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,302 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,798 |
| Insurance | $28,862 |
| All other expenses | $1,456 |
| Total functional expenses | $12,371,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,548 |
| Savings and temporary cash investments | $3,414,734 |
| Pledges and grants receivable | $5,309,735 |
| Accounts receivable, net | $513,056 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $159,914 |
| Net Land, buildings, and equipment | $388,254 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,135,241 |
| Accounts payable and accrued expenses | $807,287 |
| Grants payable | $0 |
| Deferred revenue | $190,355 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $154,461 |
| Total liabilities | $1,152,103 |
| Net assets without donor restrictions | $4,907,948 |
| Net assets with donor restrictions | $4,075,190 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,135,241 |
Grants Awarded
Over the last fiscal year, The Right Place Inc has awarded $4,641,700 in support to 353 organizations.
| Grant Recipient | Amount |
|---|---|
ANAZEH SANDS LTD PURPOSE: ECONOMIC ASSISTANCE | $20,000 |
APARTMENT LOUNGE II LLC PURPOSE: ECONOMIC ASSISTANCE | $20,000 |
A & S TRAVELS INC PURPOSE: ECONOMIC ASSISTANCE | $20,000 |
117 BRIDGE LLC PURPOSE: ECONOMIC ASSISTANCE | $20,000 |
ACP ENTERTAINMENT PURPOSE: ECONOMIC ASSISTANCE | $20,000 |
AUTO GALAXY INC PURPOSE: ECONOMIC ASSISTANCE | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Right Place Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: GENERAL CONTRIBUTION | | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
International Foundation Of Employee Benefit Plans Inc Brookfield, WI | $45,052,685 | $24,056,813 |
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
Leap Lansing, MI | $5,631,252 | $15,493,708 |
Greater Cleveland Partnership Cleveland, OH | $36,035,820 | $14,402,868 |
Board Of Certified Safety Professionals Of The Americas Inc Indianapolis, IN | $35,079,358 | $17,695,377 |
Asqexcellence Inc Milwaukee, WI | $6,648,120 | $11,915,494 |
The Right Place Inc Grand Rapids, MI | $10,135,241 | $14,178,677 |
Central Indiana Corporate Partnership Inc Indianapolis, IN | $8,694,724 | $11,696,503 |
Automotive Industry Action Group Southfield, MI | $14,204,782 | $10,849,803 |
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
Detroit Regional Chamber Foundation Inc Detroit, MI | $6,324,468 | $12,985,195 |