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
73 cents of each dollar spent went to programs.
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
20 people listed on the 990; $88K paid to officers and key staff.
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.
See Michigan Economic Development Foundation 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
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.
Know this org? Add your story
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 four mission that occurred in 2021.
Events, receptions & conferences to promote economic development in michigan. In 2021 these events were attended by more than 7,500 participants, including buiness reps and national and international automotive suppliers.
Collaboration with other local public and private entities striving to ensure growth and provide an economic boost and entertainment to local communities.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $930K | $960K |
| Total assetsLn 16 | $994K | $1.1M |
| LiabilitiesLn 26 | $41K | $4K |
| Net assetsLn 32 | $953K | $1.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $88K | $88K | ||
| Management feesLn 11a | $2K | $2K | ||
| Legal feesLn 11b | $3K | $3K | ||
| Accounting feesLn 11c | $37K | $37K | ||
| Conferences, conventions and meetingsLn 19 | $209K | $209K | ||
| InsuranceLn 23 | $5K | $5K | ||
| Other expenses (24a–d)Ln 24 | $165K | $163K | $1K | |
| Total functional expensesLn 25 | $510K | $373K | $49K | $88K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| 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 Viewing | $613K | $510K | $103K | $1.1M | 990 PDF |
| FY2020 | $689K | $362K | $327K | $953K | 990 PDF |
More to add? Claim this org
Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $613,109 revenue, 12 lines filed
Part VI · Governance 19 of 20 board members independent, no flags
Part VIII · Statement of revenue $613,109 across 5 lines filed
Part IX · Statement of functional expenses $509,829 across 7 lines filed
Part X · Balance sheet $1,060,409 assets, 10 lines filed
Part XI · Reconciliation of net assets $1,056,059 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
Similar organizations you could support · Compare with another nonprofit
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