Michigan Economic Development Foundation
Helps Michigan government and improves public well-being. For fiscal year 2024 it reported $688K in revenue, $758K in expenses, and $888K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Community Development
- Location
- Okemos, MI
- Filings
- 5 on file (2020–2024)
More identity details & actions ⌄
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Summary of the Filing
Where the work happens
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 seven missions that occured in 2024.
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 seven missions that occured in 2024.
Educational events, receptions, & conferences to promote economic development in michigan. In 2024 these events were attended by more than 10,000 participants, including business reps and national and international automotive suppliers.
Educational events, receptions, & conferences to promote economic development in michigan. In 2024 these events were attended by more than 10,000 participants, including business reps and national and international automotive suppliers.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Ashley Van Ek’s $88K as Executive Director is at the 64th percentile of top reported officer pay among 1711 $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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 74% | — | — |
| Overhead ratio | 11% | — | — |
| Fundraising cost ratio | 17% | — | — |
| Revenue growth | -12% | — | — |
| Legal fee ratio | 4% | — | — |
| Accounting fee ratio | 6% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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Sources
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