Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1984.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 cents of each dollar spent went to programs.
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.
Ashley Van Ek’s $88K as Executive Director is at the 64th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Ashley Van Ek - Ten Brink | — | $93,250 | — | — |
| Ashley Vanek - Tenbrink | — | — | $88,350 | $79,200 |
| Ashley Van Ek | $88,000 | — | — | — |
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.
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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 15aYes
Programs and updates
Helps Michigan government and improves public well-being.
Questions for Michigan Economic Development Foundation
Your first name shows with your question. Michigan Economic Development Foundation answers here, for everyone.
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Investment missions to position michigan as the premier location in north america for international companies in targeted industry sectors. These missions are conducted by key economic development officials to target select companies and events abroad, including five missions covering nine countries that occured in 2025.
Collaboration with other local and private entities striving to ensure growth and provide an economic boost and entertainment to local communities. We hosted two make it in michigan summits in 2025 as well as bringing in three site selectors to participate in a panel discussion at the michigan economic developer's association annual…
Educational events, receptions, & conferences to promote economic development in michigan. In 2025 these events were attended by more than 10,000 participants, including business reps and national and international automotive suppliers.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $830K | $709K |
| Total assetsLn 16 | $913K | $892K |
| LiabilitiesLn 26 | $25K | $21K |
| Net assetsLn 32 | $888K | $871K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Management feesLn 11a | $112K | $4K | $108K | |
| Legal feesLn 11b | $32K | $32K | ||
| Accounting feesLn 11c | $47K | $47K | ||
| Advertising and promotionLn 12 | $1K | $1K | ||
| Conferences, conventions and meetingsLn 19 | $553K | $553K | ||
| InsuranceLn 23 | $5K | $5K | ||
| Other expenses (24a–d)Ln 24 | $156K | $153K | $3K | |
| Total functional expensesLn 25 | $908K | $707K | $93K | $108K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $891K | $908K | −$17K | $871K | 990 PDF |
| FY2024 | $688K | $758K | −$70K | $888K | 990 PDF |
| FY2023 | $782K | $1.1M | −$275K | $958K | 990 PDF |
| FY2022 | $935K | $757K | $177K | $1.2M | 990 PDF |
| FY2021 | $613K | $510K | $103K | $1.1M | 990 PDF |
| FY2020 | $689K | $362K | $327K | $953K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $890,909 revenue, 12 lines filed
Part VI · Governance 25 of 25 board members independent, no flags
Part VIII · Statement of revenue $890,909 across 5 lines filed
Part IX · Statement of functional expenses $908,243 across 7 lines filed
Part X · Balance sheet $892,155 assets, 11 lines filed
Part XI · Reconciliation of net assets $870,842 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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