Interesting data from their 2019 990 filing

The non-profit's mission, as documented in the filing, is “To facilitate economic development in the northwest michigan region to bring about civic betterment and social improvement and to generally improve the area for its residents by providing financial and other assistance to businesses that may not otherwise locate in the area, businesses that have had difficulty obtaining conventional financing and businesses that will be providing opportunities for the unemployed and underemployed in the region, though, among other means, the issuance of loans, guarantees and other forms of risk capital to such businesses and projects within the northwest michigan region for the purpose of accomplishing community and economic development and by acting as a regional fund manager for the northwest michigan region's revolving loan fund administered by the state of michigan.”.

When explaining its purpose, the activities were described as: “To facilitate economic development in the northwest michigan region.”.

• The non-profit is legally allowed to operate in the state of MI, as reported.
• The filing provides the non-profit's address in 2019 as 202 E GRANDVIEW PARKWAY, TRAVERSE CITY, MI, 49684.
• The non-profit has a total of 0 employees, as reported on their form for 2019.
• Is not a private foundation.
• Expenses are between $250,000 and $500,000.
• Revenue is between $500,000 and $1,000,000+.
• Revenue less expenses is $335,380.
• The organization has 8 independent voting members.
• The organization was formed in 2015.
• The organization pays $274,993 in salary, compensation, and benefits to its employees.
• The organization pays $99,953 in fundraising expenses.