Marshall Area Economic Development Alliance
95% goes to programs $0 to raise $100 Strong reserves Growing revenue
Marshall Area Economic Development Alliance is a 501(c)(3) organization based in Marshall, Michigan, registered in 2014, with $143,724,385 in FY2023 revenue. CharityIndex grades it A, and it directs about 95% of spending to programs.
323 W Michigan Ave, Marshall, MI, 49068 EIN 46-1516144 Since 2014
Revenue (FY2023)
$143.7M
▼ 5.2% vs prior year
Environment median: $250K
Expenses (FY2023)
$1.3M
Net assets
$291.7M
Employees
8
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating95% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Marshall Area Economic Development Alliance: 95% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating2700 mo reserves · +99% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Marshall Area Economic Development Alliance: 2700 mo reserves · +99% margin earns a B+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Marshall Area Economic Development Alliance: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Marshall Area Economic Development Alliance: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Economic development, promotion of tourism, business retention, small business growth and development, and volunteerism
What they do
Economic development: this program is for the promotion and marketing of the marshall area to attract and retain industrial and commercial businesses.
Small business services: this program is to fund support for the small businesses
Contact & location
- Address
- 323 W Michigan Ave, Marshall, MI, 49068
- City
- Marshall
- State
- Michigan
- Category
- Environment
- Subcategory
- Environmental Programs
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $717K (FY2014) to $143.7M (FY2023) across 9 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $52.4MNet assets $291.7M
Operating margin
99.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$344.1M
Total liabilities
$52.4M
Net assets
$291.7M
Salaries & benefits
$602K
46% of expenses
Board members
15
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $143,724,385▼5.2% | $1,296,612▼59.2% | $291,689,278▲95.4% | $344,058,367▲69.4% | 990 |
| 2022 | $151,641,399▲9606% | $3,177,790▲116% | $149,261,505▲18607% | $203,118,967▲23227% | 990 |
| 2021 | $1,562,359▲111% | $1,471,032▲163% | $797,896▲12.9% | $870,752▲9.8% | 990 |
| 2020 | $741,485▼3.6% | $559,849▼13.0% | $706,569▲34.6% | $792,698▲29.4% | 990 |
| 2019 | $769,023▲25.0% | $643,503▲20.8% | $524,933▲31.4% | $612,454▲9.9% | 990 |
| 2018 | $615,201▼5.5% | $532,646▼22.7% | $399,413▲26.4% | $557,069▲42.9% | 990 |
| 2016 | $650,951▼20.3% | $688,674▲14.8% | $315,915▲3.0% | $389,945▲20.8% | 990 |
| 2015 | $816,796▲13.8% | $599,793▼9.1% | $306,829▲242% | $322,900▲224% | 990 |
| 2014 | $717,449 | $659,892 | $89,826 | $99,629 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Jim Durian — $162,025 (12.50% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jim Durian | Principal | 40 | $162,025 |
| Bob Lyng | Board Member | 1 | — |
| Caryn Drenth | Board Member | 1 | — |
| Derek Perry | Board Member | 1 | — |
| George Jenkot | Chair | 1 | — |
| Ian Stewart | Board Member | 1 | — |
| Jack Reed | Board Member | 1 | — |
| Joe Caron | Board Member | 1 | — |
| John Rodopoulos | Board Member | 1 | — |
| Kelli Scott | Treasurer | 1 | — |
| Matt Davis | Past Chair | 1 | — |
| Mike Lounds | Vice Chair | 1 | — |
| Rebecca Jones | Board Member | 1 | — |
| Richard Lindsey | Secretary | 1 | — |
| Ryan Traver | Board Member | 1 | — |
| Sara Jeffery | Board Member | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Walbridge Construction Holding | Construction | $70,886,888 |
| Abbott Thomson Mauldin Parker | Legal | $559,722 |
| Bryum Fisk Communications | Marketing | $238,050 |
| Midwestern Consulting | Engineering | $175,785 |
| Bodman Plc | Legal | $133,648 |
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Frequently asked questions
- Is Marshall Area Economic Development Alliance a legitimate nonprofit?
- Yes. Marshall Area Economic Development Alliance is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-1516144, based in Marshall, Michigan. Donations are tax-deductible.
- What is Marshall Area Economic Development Alliance's EIN?
- Marshall Area Economic Development Alliance's Employer Identification Number (EIN) is 46-1516144.
- How much revenue does Marshall Area Economic Development Alliance report?
- Marshall Area Economic Development Alliance reported $143,724,385 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Marshall Area Economic Development Alliance's spending goes to programs?
- Marshall Area Economic Development Alliance spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Marshall Area Economic Development Alliance have?
- CharityIndex grades Marshall Area Economic Development Alliance A, based on program efficiency and fundraising cost.
- How much does Marshall Area Economic Development Alliance's highest-paid employee make?
- The highest reported compensation on Marshall Area Economic Development Alliance's latest Form 990 is $162,025, paid to Jim Durian (Principal).
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Data for Marshall Area Economic Development Alliance (EIN 46-1516144) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.