Otsego County Economic Alliance Inc
- Assets
- $173.6k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Gaylord, MI
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 38-3617810
Organization Overview
Otsego County Economic Alliance Inc is located in Gaylord, MI. The organization was established in 2002. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 12/2021, Otsego County Economic Alliance Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otsego County Economic Alliance Inc 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 12/2021, Otsego County Economic Alliance Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 46.6% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 29.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CHAMPION ECONOMIC GROWTH WHILE ENHANCING THE QUALITY OF LIFE IN OTSEGO COUNTY THROUGH PUBLIC/ PRIVATE PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS ASSISTANCE THROUGH GRANT AWARDS FOR 167 EXISTING BUSINESSES IN SIX COUNTIES THROUGHOUT NORTHEAST MICHIGAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Mccomb Executive Director | Trustee | 40 | $82,832 |
Regan Quaal Director | OfficerTrustee | 2 | $0 |
Rachel Frisch Director | OfficerTrustee | 2 | $0 |
Nick Florian Chairperson | OfficerTrustee | 2 | $0 |
Mary Sanders Secretary | OfficerTrustee | 2 | $0 |
Josh Kent Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,925,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $167,355 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,092,355 |
| Total Program Service Revenue | $17,160 |
| Investment income | $128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,279 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,171,893 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,925,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,832 |
| Compensation of current officers, directors, key employees. | $20,023 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,950 |
| Pension plan accruals and contributions | $10,031 |
| Other employee benefits | $19,596 |
| Payroll taxes | $9,521 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $295 |
| Office expenses | $1,298 |
| Information technology | $3,255 |
| Royalties | $0 |
| Occupancy | $11,513 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,414 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,118 |
| Insurance | $1,199 |
| All other expenses | $769 |
| Total functional expenses | $2,122,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $622 |
| Savings and temporary cash investments | $170,830 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,119 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $173,571 |
| Accounts payable and accrued expenses | $3,574 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| 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 | $13,574 |
| Net assets without donor restrictions | $137,497 |
| Net assets with donor restrictions | $22,500 |
| 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 | $173,571 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Otsego County Economic Alliance Inc has recieved totaling $33,500.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $16,500 |
Dte Energy Foundation Detroit, MI PURPOSE: ECONOMIC PROGRESS | $15,000 |
Consumers Energy Foundation Jackson, MI PURPOSE: 2021 ANNUAL PARTNER CONTRIBUTION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Land Reform Inc Flint, MI | $4,615,802 | $4,633,000 |
Otsego County Economic Alliance Inc Gaylord, MI | $173,571 | $2,171,893 |
Taliesin Preservation Inc Spring Green, WI | $4,141,300 | $2,912,475 |
Michigan League Of Conservation Voters Education Fund Ann Arbor, MI | $2,117,866 | $2,173,600 |
Halter Wildlife Inc Pleasant Prairie, WI | $2,698,381 | $1,665,084 |
Marshall Area Economic Development Alliance Marshall, MI | $870,752 | $1,562,359 |
Columbus Recreation And Parks Foundation Columbus, OH | $1,131,377 | $798,091 |
Sustainable Purchasing Council Grandville, MI | $420,834 | $655,241 |
Alpha Pi Alliance For The Preserva Tion Of Historic Places Inc Verona, WI | $16,278 | $246,592 |
Southern Indiana Cooperative Weed Management Area Inc Bedford, IN | $176,212 | $498,239 |
Whitewater Canal Trail Inc Brookville, IN | $1,012,026 | $945,526 |
Coalition For Sustainable Initiatives Whitefish Bay, WI | $10,950 | $440,660 |