Enterprise Group Of Jackson Inc
- Assets
- $1.4m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Jackson, MI
- Founding
- 08/1997
- Data as of
- 12/2022
- EIN
- 38-3326101
Organization Overview
Enterprise Group Of Jackson Inc is located in Jackson, MI. The organization was established in 1997. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Enterprise Group Of Jackson Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Enterprise Group Of Jackson 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 12/2022, Enterprise Group Of Jackson Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $828.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ENTERPRISE GROUP WILL BUILD AND SUSTAIN A VIBRANT, DIVERSIFIED ECONOMY, THEREBY IMPROVING JACKSON'S QUALITY OF LIFE. THE ENTERPRISE GROUP'S MISSION IS TO HELP ENTREPRENEUERS AND BUSINESSES BREAK GROUND IN JACKSON COUNTY ON A NEW VENTURE OR BRING AND EXPAND A CURRENT OPERATION TO THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, THE ENTERPRISE GROUP STAFF ASSISTED CLIENTS WHO MADE COMMITMENTS TO CREATE AND RETAIN 1,241 JOBS, AND INVEST OVER 122 MILLION IN JACKSON COUNTY. THE ENTERPRISE GROUP CELEBRATED ITS 25TH YEAR AND CONTINUES TO ENHANCE ECONOMIC DEVELOPMENT INITIATIVES FOR ALL OF JACKSON COUNTY.
THROUGH THE PROCUREMENT TECHNICAL ASSISTANCE CENTER (PTAC), WHICH IS NOW KNOWN AS THE SOUTH CENTRAL MICHIGAN APEX ACCELERATOR (APEX), OVER 88.8 MILLION IN FEDERAL AND STATE CONTRACTS WERE AWARDED TO JACKSON COUNTY COMPANIES IN 2022. APEX PROVIDES SERVICES TO THE COUNTIES OF CLINTON, EATON, HILLSDALE, INGHAM, JACKSON, AND LENAWEE COUNTIES, AND THEY HAVE REGULARLY STAFFED OFFICES IN JACKSON, AT THE ENTERPRISE GROUP, AND LANSING WITH SATELITE OFFICES LOCATED IN LITCHFIELD AND ADRIAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Rogers President & | Officer | 40 | $187,143 |
Tony Baker Director | Trustee | 0.5 | $0 |
Collin Cote Director | Trustee | 0.5 | $0 |
Martha Fuerstenau Secretary/tr | OfficerTrustee | 1 | $0 |
Brian Glick Director | Trustee | 1 | $0 |
Anthony Hurst Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $325,013 |
| All other contributions, gifts, grants, and similar amounts not included above | $433,310 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $758,323 |
| Total Program Service Revenue | $286,837 |
| Investment income | $76 |
| 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 | $1,045,436 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $187,143 |
| Compensation of current officers, directors, key employees. | $73,063 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $380,639 |
| Pension plan accruals and contributions | $20,777 |
| Other employee benefits | $53,639 |
| Payroll taxes | $39,721 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,037 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,634 |
| Office expenses | $23,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,784 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,522 |
| All other expenses | $0 |
| Total functional expenses | $828,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,063,286 |
| Savings and temporary cash investments | $152,007 |
| Pledges and grants receivable | $83,420 |
| Accounts receivable, net | $85,069 |
| 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 | $7,994 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,391,776 |
| Accounts payable and accrued expenses | $24,310 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $24,310 |
| Net assets without donor restrictions | $1,284,046 |
| Net assets with donor restrictions | $83,420 |
| 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 | $1,391,776 |