Traverse Connect Inc

Organization Overview

Traverse Connect Inc is located in Traverse City, MI. The organization was established in 2015. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Traverse Connect Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Traverse Connect Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2023, Traverse Connect Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 15.6% per year over the past 8 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

ADVANCE ECONOMIC VITALITY OF THE GRAND TRAVERSE REGION THROUGH GROWTH OF FAMILY-SUSTAINING CAREERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TRAVERSE CONNECT INVESTORS SUPPORT THE ORGANIZATIONS EFFORTS TO CREATE A UNIFIED REGIONAL STRATEGY FOR ECONOMIC AND COMMUNITY DEVELOPMENT, GROW AND ATTRACT SECOND STAGE BUSINESSES, AND DEVELOP AND ATTRACT A TALENTED WORKFORCE. THE ORGANIZATION SERVED APPROXIMATELY 950 MEMBERS THROUGHOUT THE YEAR.


ANNUAL EVENTS HOSTED BY TRAVERSE CONNECT INCLUDE NETWORKING OPPORTUNITIES, REGIONAL DEVELOPMENT AND EDUCATIONAL EVENTS, AND PROFESSIONAL DEVELOPMENT PROGRAMS. THE ORGANIZATION SERVED APPROXIMATELY 7,000 PARTICIPANTS THROUGHOUT THE YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Warren Call
President/ceo
$222,428
Sara Harding
Chair
$0
Russ Knopp
Immediate Past Chair
$0
David Mengebier
Gov. Rel. Chair
$0
Kacie Sanmiguel
Finance Chair
$0
Rachel Johnson
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$935,148
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$483,498
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,418,646
Total Program Service Revenue$1,217,401
Investment income $12,696
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $16,442
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 $2,665,185

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