Marshall Area Economic Development Alliance

Organization Overview

Marshall Area Economic Development Alliance, operating under the name Maeda, is located in Marshall, MI. The organization was established in 2014. 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 06/2022, Maeda employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maeda 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 06/2022, Maeda generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 13.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ECONOMIC DEVELOPMENT, PROMOTION OF TOURISM, BUSINESS RETENTION, SMALL BUSINESS GROWTH AND DEVELOPMENT, AND VOLUNTEERISM

Describe the Organization's Program Activity:

Part 3 - Line 4a

TOURISM PROMOTIONS: THIS PROGRAM IS DESIGNED TO PROMOTE THE MARSHALL AREA TO ATTRACT VISITORS TO STAY, SHOP, DINE,AND ENJOY OUR HISTORIC COMMUNITY AND EVENTS.


ECONOMIC DEVELOPMENT: THIS PROGRAM IS FOR THE PROMOTION AND MARKETING OF THE MARSHALL AREA TO ATTRACT AND RETAIN INDUSTRIAL AND COMMERCIAL BUSINESSES.


SMALL BUSINESS SERVICES: THIS PROGRAM IS TO FUND SUPPORT FOR THE SMALL BUSINESSES


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Board, Officers & Key Employees

Name (title)Compensation
Jim Durian
Principal
$108,291
Matt Davis
Chair
$0
George Jenkot
Vice Chair
$0
Richard Lindsey
Secretary
$0
Kelli Scott
Treasurer
$0
Dave Bosserd
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$43,825
Fundraising events$0
Related organizations$0
Government grants $1,512,821
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,556,646
Total Program Service Revenue$0
Investment income $372
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $456
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,562,359

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