Middle Michigan Development Corporation

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To grow and add value to mid-Michigan economy with proactive service offerings aimed to retain and attract business in clare and isabella counties.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
88¢ of each $1 spent went to programs.
$147K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $23K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$147K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $101K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$49K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
26
of 27 voting members
Looks good: 26 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$551K
-50% vs prior year
Spent
$649K
To programs
88%
Net assets
$259K
By yearFY2020–FY2024
Revenue
$551K
FY2024▼ -50%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.2M
FY2021$2.3M
FY2022$703K
FY2023$1.1M
FY2024$551K
Expenses
$649K
FY2024▼ -41%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.2M
FY2021$2.3M
FY2022$764K
FY2023$1.1M
FY2024$649K
Net assets
$259K
FY2024▼ -30%
Tap a bar for its year
Net assets by fiscal year
FY2020$410K
FY2021$425K
FY2022$365K
FY2023$368K
FY2024$259K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1982.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $569K Management & general 12% · $80K

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

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Who runs it and what they're paid

27 people listed on the 990; $147K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$147,452Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
James McBryde$147,452$140,800$119,000$119,000$112,818

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Middle Michigan Development Corporation executive salaries →

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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 15aNo

Programs and updates

Boosts the mid-Michigan economy by marketing Clare and Isabella counties to attract, retain, and grow local businesses and industrial areas.

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Provided by the organization

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1 program · $569K · in their own filed words · FY2024
01

Marketing and promotion of MT. Pleasant and clare and isabella counties. Promoting economic development of the area with emphasis on industrial areas and university park.

$569Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$101K
Grants paid · 507 grants · $4.7M · 2020–2024
Longer TableFY2024$19,697
Triterra LLCFY2024$9,670
Northern Logistics INCFY2023$125,000
Pure VitalityFY2023$25,000
Triterra LLCFY2023$19,830
Hardy Insurance Agency INCFY2023$19,812
Northern Logistics INCFY2022$125,000
Mid Michigan Community CollegeFY2022$39,750
Merrill Institute INCFY2022$30,000
Ginko TreeFY2022$25,000
Not So Shabby Gifts and PrimitivesFY2022$25,000
Blue Gator Sports Pub & GrillFY2022$25,000
Mountain Town StationFY2021$35,000
Individual RecipientFY2021$25,000
Yaya's Flame Broiled ChickenFY2021$10,000
Yanez Hibachi LLCFY2021$10,000
See all 507 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$551K
Ln 12
Gifts and grantsLn 1h$279K
Fees for servicesLn 2g$266K
Other incomeLn 4–11$5K
Money outPt IX
$649K
Ln 25
Programscol B$569K
Managementcol C$80K
Owns and owesPt X
$259K
net assets · Ln 32
Cash and savingsLn 1–2$102K
Total assetsLn 16$308K
LiabilitiesLn 26$49K
PeoplePt VI, VII
27
listed · VII A
PaidVII A1
Voting boardVI 1a27
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$279K
Government grantsLn 1e$141K
Fees for servicesLn 2g$266K
Investment incomeLn 3$24
Other incomeLn 4–11$5K
Total revenueLn 12$551K
Assets in detailPt X, end of year
CashLn 1$91K
SavingsLn 2$11K
Cash and savings togetherLn 1–2$102K
Land, buildings, equipmentLn 10c$168K
Total assetsLn 16$308K
LiabilitiesLn 26$49K
Net assetsLn 32$259K
OperationsPt I, VI
EmployeesI 58
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$366K$102K
Land, buildings, equipmentLn 10c$0$168K
Total assetsLn 16$408K$308K
LiabilitiesLn 26$40K$49K
Net assetsLn 32$368K$259K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$37K$37K
Pay of current officers, directors and key staffLn 5$147K$118K$29K
Other salaries and wagesLn 7$182K$175K$7K
Payroll taxesLn 10$26K$21K$5K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$49K$49K
Office expensesLn 13$8K$4K$4K
OccupancyLn 16$5K$3K$3K
TravelLn 17$14K$14K
Conferences, conventions and meetingsLn 19$7K$7K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$145K$126K$19K
All other expensesLn 24e$8K$8K$416
Total functional expensesLn 25$649K$569K$80K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $551K$649K−$98K$259K 990 PDF
FY2023 $1.1M$1.1M$3K$368K 990 PDF
FY2022 $703K$764K−$60K$365K 990 PDF
FY2021 $2.3M$2.3M$1K$425K 990 PDF
FY2020 $4.2M$4.2M$39K$410K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $550,726 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,028,394$278,863
I-9 Program service revenuePrior year $68,700$266,420
I-10 Investment incomePrior year $794$24
I-11 Other revenuePrior year $10,125$5,419
I-12 Total revenuePrior year $1,108,013$550,726
I-13 Grants and similar amounts paidPrior year $193,642$37,224
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $335,909$355,456
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $575,441$256,371
I-18 Total expensesPrior year $1,104,992$649,051
I-19 Revenue less expensesPrior year $3,021−$98,325
Part VI · Governance 26 of 27 board members independent, 4 to look at
VI-1a Voting members of the governing body27
VI-1b Independent voting members26
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $550,726 across 7 lines filed
VIII-1e Government grants$141,173
VIII-1f All other contributions, gifts and grants$137,690
VIII-1h Total contributions, gifts and grants$278,863
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $266,420$266,420
VIII-3 Investment incomeExcluded from tax $24$24
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,419$5,419
VIII-12 Total revenueRelated to mission $271,839 · Unrelated business $0 · Excluded from tax $24$550,726
Part IX · Statement of functional expenses $649,051 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $37,224$37,224
IX-5 Pay of current officers, directors and key staffPrograms $117,962 · Management $29,490$147,452
IX-7 Other salaries and wagesPrograms $175,128 · Management $6,920$182,048
IX-10 Payroll taxesPrograms $20,765 · Management $5,191$25,956
IX-11c Accounting feesManagement $8,920$8,920
IX-11g Other fees for servicesPrograms $6,250$6,250
IX-12 Advertising and promotionPrograms $49,305$49,305
IX-13 Office expensesPrograms $4,299 · Management $3,685$7,984
IX-16 OccupancyPrograms $2,629 · Management $2,629$5,258
IX-17 TravelPrograms $14,089$14,089
IX-19 Conferences, conventions and meetingsPrograms $7,033$7,033
IX-23 InsuranceManagement $4,321$4,321
IX-24 Other expenses (24a–d)Programs $126,365 · Management $18,827$145,192
IX-24e All other expensesPrograms $7,603 · Management $416$8,019
IX-25 Total functional expensesPrograms $568,652 · Management $80,399 · Fundraising $0$649,051
Part X · Balance sheet $307,638 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $334,157$90,994
X-2 Savings and temporary cash investmentsStart of year $31,719$10,717
X-4 Accounts receivableStart of year $41,950$37,938
X-10c Land, buildings and equipment, netStart of year $0$167,989
X-16 Total assetsStart of year $407,826$307,638
X-17 Accounts payable and accrued expensesStart of year $40,057$49,063
X-26 Total liabilitiesStart of year $40,057$49,063
X-27 Net assets without donor restrictionsStart of year $264,142$218,378
X-28 Net assets with donor restrictionsStart of year $103,627$40,197
X-32 Total net assets or fund balancesStart of year $367,769$258,575
X-33 Total liabilities and net assetsStart of year $407,826$307,638
Part XI · Reconciliation of net assets $258,575 net assets at year end
XI-1 Total revenue$550,726
XI-2 Total expenses$649,051
XI-3 Revenue less expenses−$98,325
XI-4 Net assets at start of year$367,769
XI-8 Prior period adjustments−$10,869
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$258,575

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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