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Filing year 2024

MICHIGAN ECONOMIC DEVELOPMENT FOUNDATION

Okemos, Michigan·EIN 38-2527475·NTEE S46Z · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$688k
Total assets
$913k
Total expenses
$758k
Reported officers
23
Mission

TO LESSEN THE BURDEN OF THE GOVERNMENT OF THE STATE OF MICHIGAN, TO PROMOTE THE PUBLIC WELFARE, AND TO RELIEVE THE CONDITION OF HIGH UNEMPLOYMENT IN THE STATE OF MICHIGAN.

Reported officers (all unpaid)

No paid executives reported in 2024. MICHIGAN ECONOMIC DEVELOPMENT FOUNDATION reported 23 unpaid officers and board members on its 990.

Board Member
Board Member
Board Member
Board Member
President
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
Treasurer
Board Member
Board Member
Vice President
Board Member
Board Member
Board Member
Board Member
Board Member
Chairperson
Executive Director
Board Member
Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at MICHIGAN ECONOMIC DEVELOPMENT FOUNDATION equaled 8% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
8%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Financial trend

Revenue and expenses over time

MICHIGAN ECONOMIC DEVELOPMENT FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$782k
$1.1M
2023
$688k
$758k
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Community Improvement & Capacity Building executives earn in Michigan

MICHIGAN ECONOMIC DEVELOPMENT FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable community improvement & capacity building organization in Michigan earns a median of $74,706.

25th percentile
$36k
Median
$74,706
75th percentile
$131k
90th percentile
$272k

These are community improvement & capacity building sector-wide figures, not this organization's reported pay. Based on 321 organizations across 321 filings (2022 – 2024).

See full Community Improvement & Capacity Building pay data for Michigan

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FAQ

Common questions about MICHIGAN ECONOMIC DEVELOPMENT FOUNDATION

What are MICHIGAN ECONOMIC DEVELOPMENT FOUNDATION's revenue and expenses?

In 2024, MICHIGAN ECONOMIC DEVELOPMENT FOUNDATION reported $688k in total revenue and $758k in total expenses on its IRS Form 990.

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