Lenawee Economic Development Corporation: Nonprofit Profile, Financials & Form 990 (EIN 38-0284520)

Revenue by fiscal year
FY2020	$825K
FY2021	$1.4M
FY2022	$1.9M
FY2023	$3.5M
FY2024	$1.4M
FY2025	$1.1M

Expenses by fiscal year
FY2020	$752K
FY2021	$987K
FY2022	$1.6M
FY2023	$3.4M
FY2024	$1.6M
FY2025	$1.4M

Net assets by fiscal year
FY2020	$305K
FY2021	$712K
FY2022	$1.0M
FY2023	$1.1M
FY2024	$956K
FY2025	$669K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1944.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

82%

15%

Program services 82% · $1.2M Management & general 15% · $214K Fundraising 3% · $46K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation

Julie Yaroch

Director

$0Pt VII · Sec A

Patrick Farver

Executive Director

$0Pt VII · Sec A

Mark Haag

Director

$0Pt VII · Sec A

Jed Engle

Director

$0Pt VII · Sec A

John Gramm

Director

$0Pt VII · Sec A

Rick Gurdjian

Director

$0Pt VII · Sec A

Jason Hess

Treasurer

$0Pt VII · Sec A

Mindy Bradish-Orta

Secretary

$0Pt VII · Sec A

See Lenawee Economic Development Corporation executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Drives economic growth by attracting and growing businesses and supporting entrepreneurs.

Questions for Lenawee Economic Development Corporation

Tap to ask. Lenawee Economic Development Corporation sees how many people are interested.

Your first name shows with your question. Lenawee Economic Development Corporation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $1.2M · in their own filed words · FY2025

01

to promote and advance the commercial industrial moral and civic welfare of Lenawee County to promote new economic development in Lenawee County and assist Lenawee County businesses and industries to develop plans for growth and expansion

$1.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2025

Lenawee Chamber FoundationFY2025$49K

Total grants receivedfrom 1 funder$49K

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.1M

Ln 12

Gifts and grantsLn 1h$1.1M

Investment incomeLn 3$81K

Other incomeLn 4–11$8K

Money outPt IX

$1.4M

Ln 25

Programscol B$1.2M

Managementcol C$214K

Fundraisingcol D$46K

Owns and owesPt X

$669K

net assets · Ln 32

Cash and savingsLn 1–2$1.5M

Total assetsLn 16$9.8M

LiabilitiesLn 26$9.1M

PeoplePt VI, VII

11

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.1M

Government grantsLn 1e$618K

Fees for servicesLn 2g$3K

Investment incomeLn 3$81K

Other incomeLn 4–11$8K

Total revenueLn 12$1.1M

Assets in detailPt X, end of year

CashLn 1$1.5M

Cash and savings togetherLn 1–2$1.5M

InvestmentsLn 11–13$81K

Other assetsLn 15$8.0M

Total assetsLn 16$9.8M

LiabilitiesLn 26$9.1M

Net assetsLn 32$669K

OperationsPt I, VI

EmployeesI 59

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$5.3M	$1.5M
InvestmentsLn 11–13	$258K	$81K
Total assetsLn 16	$10.2M	$9.8M
LiabilitiesLn 26	$9.2M	$9.1M
Net assetsLn 32	$956K	$669K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$531K	$361K	$140K	$30K
Pension plan contributionsLn 8	$15K	$10K	$4K	$879
Other employee benefitsLn 9	$5K	$3K	$1K	$251
Payroll taxesLn 10	$41K	$28K	$11K	$2K
Legal feesLn 11b	$10K	$7K	$3K	$596
Accounting feesLn 11c	$31K	$21K	$8K	$2K
Other fees for servicesLn 11g	$622K	$622K
Advertising and promotionLn 12	$69K	$47K	$18K	$4K
Office expensesLn 13	$10K	$7K	$3K	$560
Information technologyLn 14	$7K	$5K	$2K	$415
OccupancyLn 16	$18K	$13K	$5K	$1K
TravelLn 17	$11K	$7K	$3K	$601
Conferences, conventions and meetingsLn 19	$20K	$13K	$5K	$1K
InterestLn 20	$1K	$1K
Depreciation, depletion and amortizationLn 22	$1K	$699	$267	$58
InsuranceLn 23	$3K	$1K	$2K	$95
Other expenses (24a–d)Ln 24	$20K	$14K	$5K	$1K
All other expensesLn 24e	$20K	$14K	$5K	$1K
Total functional expensesLn 25	$1.4M	$1.2M	$214K	$46K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$1.1M	$1.4M	−$287K	$669K	990 PDF
FY2024	$1.4M	$1.6M	−$157K	$956K	990 PDF
FY2023	$3.5M	$3.4M	$85K	$1.1M	990 PDF
FY2022	$1.9M	$1.6M	$317K	$1.0M	990 PDF
FY2021	$1.4M	$987K	$406K	$712K	990 PDF
FY2020	$825K	$752K	$73K	$305K	990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $1,148,483 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,093,789$1,057,462

I-9 Program service revenuePrior year $59,324$2,524

I-10 Investment incomePrior year $249,096$80,691

I-11 Other revenuePrior year $3,138$7,806

I-12 Total revenuePrior year $1,405,347$1,148,483

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $546,555$592,350

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $1,015,608$842,966

I-18 Total expensesPrior year $1,562,163$1,435,316

I-19 Revenue less expensesPrior year −$156,816−$286,833

Part VI · Governance 9 of 9 board members independent, no flags

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $1,148,483 across 7 lines filed

VIII-1e Government grants$617,713

VIII-1f All other contributions, gifts and grants$439,749

VIII-1h Total contributions, gifts and grants$1,057,462

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,524$2,524

VIII-3 Investment incomeRelated to mission $80,691$80,691

VIII-8 Net income from fundraising eventsExcluded from tax $7,806$7,806

VIII-12 Total revenueRelated to mission $83,215 · Unrelated business $0 · Excluded from tax $7,806$1,148,483

Part IX · Statement of functional expenses $1,435,316 across 18 lines filed

IX-7 Other salaries and wagesPrograms $360,973 · Management $139,971 · Fundraising $30,120$531,064

IX-8 Pension plan contributionsPrograms $10,431 · Management $3,995 · Fundraising $879$15,305

IX-9 Other employee benefitsPrograms $3,157 · Management $1,174 · Fundraising $251$4,582

IX-10 Payroll taxesPrograms $28,140 · Management $10,911 · Fundraising $2,348$41,399

IX-11b Legal feesPrograms $7,163 · Management $2,725 · Fundraising $596$10,484

IX-11c Accounting feesPrograms $21,086 · Management $8,021 · Fundraising $1,754$30,861

IX-11g Other fees for servicesPrograms $621,583$621,583

IX-12 Advertising and promotionPrograms $47,319 · Management $18,000 · Fundraising $3,935$69,254

IX-13 Office expensesPrograms $6,734 · Management $2,562 · Fundraising $560$9,856

IX-14 Information technologyPrograms $4,988 · Management $1,897 · Fundraising $415$7,300

IX-16 OccupancyPrograms $12,538 · Management $4,769 · Fundraising $1,043$18,350

IX-17 TravelPrograms $7,230 · Management $2,750 · Fundraising $601$10,581

IX-19 Conferences, conventions and meetingsPrograms $13,361 · Management $5,082 · Fundraising $1,111$19,554

IX-20 InterestPrograms $1,098$1,098

IX-22 Depreciation, depletion and amortizationPrograms $699 · Management $267 · Fundraising $58$1,024

IX-23 InsurancePrograms $1,139 · Management $1,699 · Fundraising $95$2,933

IX-24 Other expenses (24a–d)Programs $13,673 · Management $5,201 · Fundraising $1,137$20,011

IX-24e All other expensesPrograms $13,719 · Management $5,218 · Fundraising $1,140$20,077

IX-25 Total functional expensesPrograms $1,175,031 · Management $214,242 · Fundraising $46,043$1,435,316

Part X · Balance sheet $9,799,170 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $5,268,704$1,542,554

X-4 Accounts receivableStart of year $224,027$118,237

X-9 Prepaid expenses and deferred chargesStart of year $24,150$21,669

X-13 Program-related investmentsStart of year $257,546$80,987

X-15 Other assetsStart of year $4,320,019$8,035,723

X-16 Total assetsStart of year $10,186,190$9,799,170

X-17 Accounts payable and accrued expensesStart of year $58,177$30,012

X-19 Deferred revenueStart of year $22,500$22,500

X-24 Unsecured notes and loans payableStart of year $110,516$105,161

X-25 Other liabilitiesStart of year $9,038,747$8,972,080

X-26 Total liabilitiesStart of year $9,229,940$9,129,753

X-27 Net assets without donor restrictionsStart of year $956,250$669,417

X-32 Total net assets or fund balancesStart of year $956,250$669,417

X-33 Total liabilities and net assetsStart of year $10,186,190$9,799,170

Part XI · Reconciliation of net assets $669,417 net assets at year end

XI-1 Total revenue$1,148,483

XI-2 Total expenses$1,435,316

XI-3 Revenue less expenses−$286,833

XI-4 Net assets at start of year$956,250

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$669,417

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

Lenawee Economic Development Corporation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Lenawee Economic Development Corporation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV