2023-06-27T15:29:16-05:00 2022-12-31 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2022-01-01 382853785 SOUTHWEST MICHIGAN FIRST CORP SOUT 2695539588 180 EAST WATER STREET 2690 KALAMAZOO MI 49007 JONAS PETERSON CHIEF EXECUTIVE OFFICER 2695539588 2023-06-27 1 JONAS PETERSON 999009999 0 DORI J EGGETT P00645252 2695674500 2023-06-27 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JONAS PETERSON 180 EAST WATER STREET 2690 KALAMAZOO MI 49007 5452905 0 X SOUTHWESTMICHIGANFIRST.COM X 1988 MI TO SERVE AS A REGIONAL ECONOMIC DEVELOPMENT ORGANIZATION FOR SOUTHWEST MICHIGAN. 59 58 31 59 0 0 8129800 4068887 313297 1238576 6118 13692 111583 131750 8560798 5452905 4132067 273006 0 0 2670550 2993296 0 0 269405 1129780 1875726 7932397 5142028 628401 310877 10945070 10780961 8205664 7519774 2739406 3261187 X THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT ARE TAX-EXEMPT UNDER INTERNAL REVENUE CODE ("CODE") SECTION 501 (C)(3), AND WITHIN THOSE LIMITED PURPOSES, TO SERVE ON A NON-PROFIT BASIS AS A REGIONAL ECONOMIC DEVELOPMENT AGENCY FOR SOUTHWEST MICHIGAN. ITS MISSION WILL BE TO BUILD AN EFFECTIVE PARTNERSHIP AMONG BUSINESS, EDUCATION, FOUNDATIONS AND THE PUBLIC SECTOR, PURSUE NEW OPPORTUNITIES FOR GROWTH AND DEVELOPMENT, SERVE AS THE PRIMARY PRO-DEVELOPMENT ADVOCATE WITHIN SOUTHWEST MICHIGAN, AND TAKE AN ACTIVE ROLE IN ACTIVITIES DESIGNED TO DEVELOP THE AREA'S HUMAN, TECHNICAL AND CAPITAL RESOURCES. 0 0 2780333 0 1238576 OTHER ECONOMIC DEVELOPMENT - THE PURPOSE IS TO SERVE AS A REGIONAL ECONOMIC DEVELOPMENT ORGANIZATION TO ATTRACT BUSINESS TO AND RETAIN BUSINESS IN, AND TO REDUCE POVERTY AND THE BURDEN OF GOVERNMENT BY GROWING JOBS IN SOUTHWEST MICHIGAN. 273006 273006 0 SOUTHWEST MICHIGAN FIRST ADMINISTERED APPROXIMATELY $273,000 IN GRANTS TO SMALL BUSINESSES THROUGH FUNDING FROM THE MEDC (STATE ECONOMIC DEVELOPMENT CORPORATION) DURING 2022. 3053339 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 1 28 0 1 31 1 0 0 0 0 0 0 0 0 0 0 0 0 X 59 58 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MI X JONAS PETERSON 2695539588 180 EAST WATER STREET KALAMAZOO MI 49007 AARON ZEIGLER CHAIR 1.30 0.00 X X 0 0 0 JOE CEKOLA VICE CHAIR 1.30 0.00 X X 0 0 0 KELLY PRESTA VICE CHAIR 1.30 0.00 X X 0 0 0 MARK JONES SECRETARY 1.30 0.00 X X 0 0 0 TOM WEBB TREASURER 1.30 0.00 X X 0 0 0 DANIELLE MASON ANDERSON DIRECTOR 1.00 0.00 X 0 0 0 PETER BERGMANN DIRECTOR (PART YEAR) 1.00 0.00 X 0 0 0 FRITZ BROWN DIRECTOR 1.00 0.00 X 0 0 0 LYNN CHEN-ZHANG DIRECTOR 1.00 0.00 X 0 0 0 JAMIE CLARK DIRECTOR 1.00 0.00 X 0 0 0 DANIEL COFFMAN DIRECTOR 1.00 0.00 X 0 0 0 TROY CUVELIER DIRECTOR 1.00 0.00 X 0 0 0 MATT DAVIS DIRECTOR 1.00 0.00 X 0 0 0 GREG DOBSON DIRECTOR 1.00 0.00 X 0 0 0 JACK ENDRES DIRECTOR 1.00 0.00 X 0 0 0 JAMES ESCAMILLA DIRECTOR 1.00 0.00 X 0 0 0 JIM FELTCH DIRECTOR 1.00 0.00 X 0 0 0 BJORN GREEN DIRECTOR 1.00 0.00 X 0 0 0 AIMEE JACHYM DIRECTOR 1.00 0.00 X 0 0 0 DAN HINKLE DIRECTOR 1.00 0.00 X 0 0 0 DAN JAQUA DIRECTOR 1.00 0.00 X 0 0 0 BILL JOHNSTON DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL A JONES SR DIRECTOR 1.00 0.00 X 0 0 0 IAN KENNEDY DIRECTOR 1.00 0.00 X 0 0 0 TIM LEMAN DIRECTOR 1.00 0.00 X 0 0 0 PATRICK LENNON DIRECTOR 1.00 0.00 X 0 0 0 JAMES LIGGINS JR DIRECTOR 1.00 0.00 X 0 0 0 RICH MACDONALD DIRECTOR 1.00 0.00 X 0 0 0 BILL MANNS DIRECTOR 1.00 0.00 X 0 0 0 DAVID MAURER DIRECTOR 1.00 0.00 X 0 0 0 BRIAN MCDANIEL DIRECTOR 1.00 0.00 X 0 0 0 TODD MCDONALD DIRECTOR 1.00 0.00 X 0 0 0 RUSS MCFEE DIRECTOR 1.00 0.00 X 0 0 0 BILL MCGEE DIRECTOR 1.00 0.00 X 0 0 0 KEN MILLER DIRECTOR 1.00 0.00 X 0 0 0 MATT MOLITOR DIRECTOR 1.00 0.00 X 0 0 0 ED MONTGOMERY DIRECTOR 1.00 0.00 X 0 0 0 KEVIN MURPHY DIRECTOR 1.00 0.00 X 0 0 0 BEN NOBIS DIRECTOR 1.00 0.00 X 0 0 0 TG NULTY DIRECTOR 1.00 0.00 X 0 0 0 JEFF O'BRIEN DIRECTOR 1.00 0.00 X 0 0 0 MARK OLSON DIRECTOR 1.00 0.00 X 0 0 0 GREG O'NIEL DIRECTOR 1.00 0.00 X 0 0 0 BILL PARFET DIRECTOR 1.00 0.00 X 0 0 0 SHAWN PREMER DIRECTOR 1.00 0.00 X 0 0 0 MIKE ROZEWICZ DIRECTOR 1.00 0.00 X 0 0 0 GREG SALISBURY DIRECTOR 1.00 0.00 X 0 0 0 FRED SCHUBKEGEL DIRECTOR 1.00 0.00 X 0 0 0 GARY SCHULTZ DIRECTOR 1.00 0.00 X 0 0 0 MARC SCHUPAN DIRECTOR 1.00 0.00 X 0 0 0 ROBB SMALLDON DIRECTOR 1.00 0.00 X 0 0 0 CHRISTINA STORER-MULHEARN DIRECTOR 1.00 0.00 X 0 0 0 NANCY TURTLE DIRECTOR 1.00 0.00 X 0 0 0 FRED UPTON DIRECTOR 1.00 0.00 X 0 0 0 NATALIE VALENTINE DIRECTOR 1.00 0.00 X 0 0 0 MICHELLE VANTORRE-WERME DIRECTOR 1.00 0.00 X 0 0 0 MARK WELCH DIRECTOR 1.00 0.00 X 0 0 0 SEAN WELSH DIRECTOR 1.00 0.00 X 0 0 0 PERRY WOLFE DIRECTOR 1.00 0.00 X 0 0 0 NATE YOUNG DIRECTOR 1.00 0.00 X 0 0 0 CARLA SONES PRESIDENT 22.00 18.00 X 221913 0 34364 JONAS PETERSON CHIEF EXECUTIVE OFFICER 40.00 0.00 X 484603 0 100175 KIM WEISHAAR CHIEF FINANCIAL OFFICER 40.00 0.00 X 181033 0 28500 JILL BLAND EXECUTIVE VICE PRESIDENT 40.00 0.00 X 255754 0 37515 CLARENCE LLOYD VICE PRESIDENT 40.00 0.00 X 107668 0 29769 ABBIE RUMERY VICE PRESIDENT 40.00 0.00 X 122663 0 25209 CATHY KNAPP SENIOR DIRECTOR 40.00 0.00 X 116369 0 36314 PETEY STEPHANAK SENIOR DIRECTOR 40.00 0.00 X 136765 0 32639 1626768 0 324485 8 0 1 0 0 1272654 2796233 4068887 CATALYST UNIVERSITY 611430 481881 481881 OTHER CONTRACTS/GRANTS 561499 399756 399756 OTHER PROGRAM SERVICES 561499 228653 228653 CHAMBER MEMBERSHIP FEE 561499 128286 128286 1238576 13692 13692 130347 0 130347 130347 130347 CREDIT CARD REBATES 561499 1403 1403 1403 5452905 1238576 0 145442 273006 273006 1343857 699798 544895 99164 1099652 572631 445877 81144 73636 38345 29857 5434 302486 157516 122649 22321 173665 90434 70416 12815 8969 1890 7079 31189 31189 10265 10265 22398 11663 9082 1653 341117 285068 56049 42660 42660 68361 68361 86016 86016 361862 188435 146725 26702 37199 25249 10740 1210 563976 522844 22170 18962 38295 36571 1724 208408 108792 99616 14684 14684 DUES AND MEMBERSHIPS 42064 30832 11232 BAD DEBT EXPENSE -10906 -10906 9169 9169 5142028 3053339 1819284 269405 425 0 2291683 2131533 955691 968613 41565 106132 104606 106136 141963 304521 4919756 1148119 3962440 3771637 59 53 262573 474488 3184065 2917848 10945070 10780961 157900 224698 544630 648137 3684085 3581438 545400 0 3273649 3065501 8205664 7519774 X 2680031 2914687 59375 346500 2739406 3261187 10945070 10780961 310877 210904 0 X X 0 1 X 1 0 X 3885715 4219375 11712557 8129800 4068887 32016334 3885715 4219375 11712557 8129800 4068887 32016334 7902069 24114265 7283 105151 103099 107482 144039 467054 29003 30725 164391 4893 1403 230415 32713803 5906832 0.73710 0.72520 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2018 AMOUNT: $ 29,003. 2019 AMOUNT: $ 30,725. 2020 AMOUNT: $ 164,391. 2021 AMOUNT: $ 4,893. 2022 AMOUNT: $ 1,403. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 10265 0 0 10265 0 PART II-B, LINE 1: LOBBYING TO STATE LEGISLATURE ABOUT TAX AND BUSINESS ISSUES AFFECTING THE KALAMAZOO AND SURROUNDING AREAS. 4242883 933797 3309086 217741 30847 186894 385454 114997 270457 73678 68478 5200 3771637 OPERATING RIGHT-OF-USE ASSET 2878666 FINANCE RIGHT-OF-USE ASSET 39182 2917848 RETIREMENT LIABILITY 147133 LEASE LIABILITIES - OPERATING 2878666 LEASE LIABILITIES - FINANCE 39702 3065501 1 GLEN OAKS COMMUNITY COLLEGE 62249 SHIMMEL ROAD CENTREVILLE MI 49032 381800033 0 15000 N/A N/A MICHIGAN SMALL BUSINESS SURVIVAL PROGRAM (MEDC) KALAMAZOO VALLEY COMMUNITY COLLEGE PO BOX 4070 KALAMAZOO MI 49003 381850178 0 55000 N/A N/A MICHIGAN SMALL BUSINESS SURVIVAL PROGRAM (MEDC) KALAMAZOO ELECTRICAL JATC 3641 EAST CORK STREET KALAMAZOO MI 49001 382785195 0 27950 N/A N/A MICHIGAN SMALL BUSINESS SURVIVAL PROGRAM (MEDC) SOUTHWESTERN MICHIGAN COLLEGE 58900 CHERRY GROVE ROAD DOWAGIAC MI 49047 381786120 0 76000 N/A N/A MICHIGAN SMALL BUSINESS SURVIVAL PROGRAM (MEDC) KELLOGG COMMUNITY COLLEGE 450 NORTH AVENUE BATTLE CREEK MI 49017 381942332 0 46176 N/A N/A MICHIGAN SMALL BUSINESS SURVIVAL PROGRAM (MEDC) RIVEER ENVIRONMENTAL 233 VETERANS BLVD SOUTH HAVEN MI 49090 611443274 0 25000 N/A N/A MICHIGAN SMALL BUSINESS SURVIVAL PROGRAM (MEDC) W-L MOLDING OF MICHIGAN LLC 8212 SHAVER ROAD PORTAGE MI 49024 462317777 0 25000 N/A N/A MICHIGAN SMALL BUSINESS SURVIVAL PROGRAM (MEDC) 0 7 PART I, LINE 2: THE ORGANIZATION ISSUED SMALL BUSINESS GRANTS ON BEHALF OF THE MICHIGAN ECONOMIC DEVELOPMENT CORPORATION (MEDC). THE MEDC ALLOCATED FUNDS TO REGIONAL ECONOMIC DEVELOPMENT ORGANIZATIONS TO SUPPORT SMALL BUSINESSES WHO WERE STRUGGLING DURING THE COVID-19 PANDEMIC. SOUTHWEST MICHIGAN FIRST WAS THE FIDUCIARY RESPONSIBLE FOR ALLOCATING FUNDS TO SMALL BUSINESSES IN SOUTHWEST MICHIGAN. THE ORGANIZATION REGULARLY FOLLOWS-UP WITH THE GRANT RECIPIENTS TO DETERMINE IF THE FUNDS HAVE BEEN USED IN ACCORDANCE WITH THE RESPECTIVE GRANT AGREEMENTS AND TO DETERMINE IF THE FUNDS HAVE BEEN FULLY USED. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JONAS PETERSON CHIEF EXECUTIVE OFFICER 353126 0 70000 0 61477 0 80000 0 20175 0 584778 0 0 0 JILL BLAND EXECUTIVE VICE PRESIDENT 245193 0 0 0 10561 0 13019 0 24496 0 293269 0 0 0 CARLA SONES PRESIDENT 221379 0 0 0 534 0 11289 0 23075 0 256277 0 0 0 KIM WEISHAAR CHIEF FINANCIAL OFFICER 180672 0 0 0 361 0 9189 0 19311 0 209533 0 0 0 PETEY STEPHANAK SENIOR DIRECTOR 130981 0 0 0 5784 0 7011 0 25628 0 169404 0 0 0 CATHY KNAPP SENIOR DIRECTOR 107809 0 0 0 8560 0 5918 0 30396 0 152683 0 0 0 PART I, LINE 1A ALL KEY EMPLOYEES LISTED ON FORM 990, PART VII RECEIVE THE HEALTH CLUB DUES BENEFIT. THIS IS TREATED AS TAXABLE COMPENSATION. CATALYST DEVELOPMENT MORE THAN 35% OWNED BY BILL JOHNSTON, DIRECTOR. 418535 180 E WATER STREET RENT AND PARKING CHARGES. FINANCIAL ARRANGEMENT IS COMPETITIVELY PRICED. 0 FORM 990, PART VI, SECTION B, LINE 11B THE ACCOUNTING TEAM (INCLUDING THE CFO AND SENIOR DIRECTOR) REVIEWS THE FORM 990 PRIOR TO THE AUDIT & FINANCE COMMITTEE'S REVIEW. A COPY OF FORM 990 IS PROVIDED TO ALL AUDIT & FINANCE COMMITTEE MEMBERS (COMMITTEE CHAIR AND AT LARGE) FOR REVIEW PRIOR TO THE DUE DATE OF THE RETURN. AFTER THE AUDIT & FINANCE COMMITTEE REVIEWS AND APPROVES THE FORM 990, PUBLIC DISCLOSURE COPIES OF THE RETURN ARE MADE AVAILABLE TO THE ENTIRE BOARD FOR REVIEW. THE FORM 990 IS THEN PRESENTED AND APPROVED AT THE NEXT BOARD MEETING PRIOR TO FILING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES AND BOARD MEMBERS ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. WHEN A BOARD MEMBER JOINS, THE MEMBER IS REQUIRED TO FILL OUT A CONFLICT OF INTEREST QUESTIONNAIRE. BOARD MEMBERS ARE THEN REMINDED ANNUALLY TO UPDATE THE QUESTIONNAIRE IF THEY BELIEVE THERE IS A CONFLICT NOT PREVIOUSLY DISCLOSED. THE CHIEF FINANCIAL OFFICER REVIEWS THE CONFLICT OF INTEREST QUESTIONNAIRES FOR POTENTIAL CONFLICTS OF INTEREST. IF A MATTER IS UNDER CONSIDERATION BY THE BOARD IN WHICH THERE IS A POSSIBLE CONFLICT OF INTEREST, THE BOARD MEMBER IS EXCUSED FROM ALL DELIBERATIONS AND VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE CEO INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, INCLUDING THE PEOPLE AND COMPENSATION COMMITTEE AND COMPENSATION STUDY PERFORMED BY AN EXTERNAL SEARCH FIRM. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ETC. AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C: THERE WAS NO CHANGE IN OVERSIGHT PROCESS OR SELECTION FOR THE CURRENT YEAR. SOUTHWEST MICHIGAN PARTNERSHIPS LLC 180 EAST WATER STREET STE 2690 KALAMAZOO MI 49007 451449942 ECONOMIC DEVELOPMENT MI SOUTHWEST MICHIGAN FIRST CORP SOUTHWEST MICHIGAN BUILDINGS LLC 180 EAST WATER STREET STE 2690 KALAMAZOO MI 49007 462319546 ECONOMIC DEVELOPMENT MI 100000 3711563 SOUTHWEST MICHIGAN FIRST CORP MICHIGAN MEDICAL DEVICE ACCELERATOR 180 EAST WATER STREET STE 2690 KALAMAZOO MI 49007 611641195 ECONOMIC DEVELOPMENT MI SOUTHWEST MICHIGAN FIRST CORP SOUTHWEST MICHIGAN FIRST CORPORATION NO 2 180 EAST WATER STREET STE 2690 KALAMAZOO MI 49007 383437867 ECONOMIC DEVELOPMENT MI 501(C)(3) LINE 7 N/A 0 CONSULTANT CONNECT PO BOX 50664 KALAMAZOO MI 49005 472851823 CONSULTING MI SOUTHWEST MICHIGAN FIRST CORP C 2152396 799231 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CONSULTANT CONNECT N 142766 REVENUE AND TIMESHEETS CONSULTANT CONNECT O 492176 TIMESHEETS