Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1990.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
74 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
11 people listed on the 990; $114K paid to officers and key staff.
Meghan Swain’s $93K as Executive Director is at the 67th 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 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| John Avery | — | — | $112,954 | $107,292 | $113,534 |
| Meghan Swain | $92,629 | $20,698 | — | — | — |
| John Avery Ended | — | $83,597 | — | — | — |
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
Boosts economic growth and opportunity across Michigan.
Questions for Michigan Economic Developers Association
Your first name shows with your question. Michigan Economic Developers Association answers here, for everyone.
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Membership meetings, seminars, lunches, speakers, tours, publications, newsletters, directories to provide economic development services. 477 members benefited.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $345K | $368K |
| Total assetsLn 16 | $345K | $368K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $345K | $368K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $16K | $16K | ||
| Pay of current officers, directors and key staffLn 5 | $138K | $83K | $55K | |
| Other salaries and wagesLn 7 | $105K | $92K | $13K | |
| Payroll taxesLn 10 | $15K | $14K | $2K | |
| Accounting feesLn 11c | $3K | $3K | ||
| Office expensesLn 13 | $16K | $1K | $15K | |
| Information technologyLn 14 | $5K | $5K | ||
| TravelLn 17 | $269 | $215 | $54 | |
| Conferences, conventions and meetingsLn 19 | $29K | $28K | $515 | |
| InsuranceLn 23 | $6K | $6K | ||
| Other expenses (24a–d)Ln 24 | $43K | $43K | ||
| Total functional expensesLn 25 | $376K | $277K | $99K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $528K | $430K | $98K | $510K | 990 PDF |
| FY2024 | $360K | $368K | −$8K | $385K | 990 PDF |
| FY2023 | $464K | $435K | $29K | $396K | 990 PDF |
| FY2022 | $434K | $439K | −$5K | $366K | 990 PDF |
| FY2021 | $392K | $389K | $3K | $371K | 990 PDF |
| FY2020 Viewing | $399K | $376K | $23K | $368K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $399,117 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, 2 to look at
Part VIII · Statement of revenue $399,117 across 7 lines filed
Part IX · Statement of functional expenses $376,339 across 11 lines filed
Part X · Balance sheet $368,018 assets, 6 lines filed
Part XI · Reconciliation of net assets $368,018 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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