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Michigan Economic Development Foundation FY2020 filing

Tax-deductible

Okemos, MI501(c)(3)Since 1984Community DevelopmentEIN 38-2527475Revenue $689K in FY2020

On file with the IRSmedf.org2145 Commons Pkwy, 48864-3987 · Okemos, MITax-exempt since Sep 1984Publicly supported charity — 170(b)(1)(A)(vi)

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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.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
$79K 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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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $41K a year · 5% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$79K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
31 mo
of spending, in cash
Looks good: 30.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $250K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$41K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 18 voting members
Looks good: 17 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$689K
Spent
$362K
To programs
63%
Net assets
$953K
By yearFY2020–FY2025
Revenue
$689K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$689K
FY2021$613K
FY2022$935K
FY2023$782K
FY2024$688K
FY2025$891K
Expenses
$362K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$362K
FY2021$510K
FY2022$757K
FY2023$1.1M
FY2024$758K
FY2025$908K
Net assets
$953K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$953K
FY2021$1.1M
FY2022$1.2M
FY2023$958K
FY2024$888K
FY2025$871K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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

63 cents of each dollar spent went to programs.

Program services 63% · $227K Management & general 15% · $56K Fundraising 22% · $79K

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

18 people listed on the 990; $79K paid to officers and key staff.

Part VII, Section A · reportable compensation
Ashley Vanek - Tenbrink
Secretary/Exec Dir
$79,200Pt VII · Sec A
$0Pt VII · Sec A
Donna Zalewski
Board Member
$0Pt VII · Sec A
Matthew Godlewski
Board Member
$0Pt VII · Sec A
Joseph Rohatynski
Board Member
$0Pt VII · Sec A
Garrick Rochow
Board Member
$0Pt VII · Sec A
David R Werner
Board Member'
$0Pt VII · Sec A
Brian O'Connell
Board Member
$0Pt VII · Sec A

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

NameFY2023FY2022FY2021FY2020
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.

See Michigan Economic Development Foundation 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 15aYes

Programs and updates

Helps Michigan government and improves public well-being.

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Provided by the organization

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3 programs · $227K · in their own filed words · FY2020
01

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 one mission that occurred in 2020.

$100Kprogram expense
02

Collaboration with other local public and private entities striving to ensure growth and provide an economic boost and entertainment to local communities. Collaborations in 2020 benefited one community events.

$69Kprogram expense
03

Events, receptions & conferences to promote economic development in michigan. In 2020 these events were attended by more than 7,500 participants, including buiness reps and national and international automotive suppliers.

$58Kprogram 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
Michigan Health & Hospital Association DBA MhaFY2024$100K
Consumers Energy FoundationFY2024$50K
Delta Dental Plan of Michigan INCFY2024$50K
American Electric Power FoundationFY2024$35K
Charities Aid Foundation AmericaFY2024$10K
The Alro Steel FoundationFY2024$5K
Total grants receivedfrom 6 funders$250K
See all 6 funders →
Grants paid · 1 grant · $69K · 2020–2020
State of Michigan Army National GuardFY2020$68,898

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$689K
Ln 12
Gifts and grantsLn 1h$685K
Other incomeLn 4–11$2K
Investment incomeLn 3$2K
Money outPt IX
$362K
Ln 25
Programscol B$227K
Managementcol C$56K
Fundraisingcol D$79K
Owns and owesPt X
$953K
net assets · Ln 32
Cash and savingsLn 1–2$930K
Total assetsLn 16$994K
LiabilitiesLn 26$41K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$685K
Investment incomeLn 3$2K
Other incomeLn 4–11$2K
Total revenueLn 12$689K
Assets in detailPt X, end of year
SavingsLn 2$930K
Cash and savings togetherLn 1–2$930K
Total assetsLn 16$994K
LiabilitiesLn 26$41K
Net assetsLn 32$953K
OperationsPt I, VI
EmployeesI 50
VolunteersI 626
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
LineStart FY20End FY20
Cash and savingsLn 1–2$680K$930K
Total assetsLn 16$686K$994K
LiabilitiesLn 26$22K$41K
Net assetsLn 32$664K$953K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$69K$69K
Pay of current officers, directors and key staffLn 5$79K$79K
Management feesLn 11a$2K$2K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$31K$31K
Conferences, conventions and meetingsLn 19$100K$100K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$64K$58K$6K
Total functional expensesLn 25$362K$227K$56K$79K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $689K$362K$327K$953K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $688,986 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $776,700$685,128
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $4,074$1,858
I-11 Other revenuePrior year $2,350$2,000
I-12 Total revenuePrior year $783,124$688,986
I-13 Grants and similar amounts paidPrior year $112,000$68,898
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $87,000$79,200
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $378,154$214,351
I-18 Total expensesPrior year $577,154$362,449
I-19 Revenue less expensesPrior year $205,970$326,537
Part VI · Governance 17 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members17
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 $688,986 across 5 lines filed
VIII-1f All other contributions, gifts and grants$685,128
VIII-1h Total contributions, gifts and grants$685,128
VIII-3 Investment incomeExcluded from tax $1,858$1,858
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,000$2,000
VIII-12 Total revenueRelated to mission $2,000 · Unrelated business $0 · Excluded from tax $1,858$688,986
Part IX · Statement of functional expenses $362,449 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $68,898$68,898
IX-5 Pay of current officers, directors and key staffFundraising $79,200$79,200
IX-11a Management feesManagement $2,135$2,135
IX-11b Legal feesManagement $3,885$3,885
IX-11c Accounting feesManagement $7,725$7,725
IX-11g Other fees for servicesManagement $31,050$31,050
IX-19 Conferences, conventions and meetingsPrograms $100,289$100,289
IX-23 InsuranceManagement $4,916$4,916
IX-24 Other expenses (24a–d)Programs $58,169 · Management $6,182$64,351
IX-25 Total functional expensesPrograms $227,356 · Management $55,893 · Fundraising $79,200$362,449
Part X · Balance sheet $994,061 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $680,116$929,759
X-3 Pledges and grants receivable$60,000
X-9 Prepaid expenses and deferred chargesStart of year $4,302$4,302
X-16 Total assetsStart of year $686,383$994,061
X-17 Accounts payable and accrued expensesStart of year $22,294$41,282
X-26 Total liabilitiesStart of year $22,294$41,282
X-27 Net assets without donor restrictionsStart of year $614,089$912,779
X-28 Net assets with donor restrictionsStart of year $50,000$40,000
X-32 Total net assets or fund balancesStart of year $664,089$952,779
X-33 Total liabilities and net assetsStart of year $686,383$994,061
Part XI · Reconciliation of net assets $952,779 net assets at year end
XI-1 Total revenue$688,986
XI-2 Total expenses$362,449
XI-3 Revenue less expenses$326,537
XI-4 Net assets at start of year$664,089
XI-9 Other changes in net assets−$37,847
XI-10 Net assets at end of year$952,779

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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