2024-10-24T10:45:54-05:00 2023-12-31 310800053 CLARK SCHAEFER HACKETT & CO 3505 COOLIDGE RD EAST LANSING MI 48823 990 2023-01-01 382527475 MICHIGAN ECONOMIC DEVELOPMENT FOUNDATION MICH 5173749111 2145 COMMONS PKWY OKEMOS MI 48864 REBECCA BAHAR-COOK EXECUTIVE DIRECTOR 5173749111 2024-10-23 1 0 NATOSHA CARR P01225377 5173515508 2024-10-23 2023 2024-10-15 13:58:12Z REBECCA BAHAR-COOK 2145 COMMONS PKWY OKEMOS MI 48864 782167 0 X WWW.MEDF.ORG X 1984 MI TO LESSEN THE BURDEN OF THE GOVERNMENT OF THE STATE OF MICHIGAN, TO PROMOTE THE PUBLIC WELFARE 23 22 0 21 0 0 929750 773000 0 0 769 3742 4474 5425 934993 782167 0 0 0 0 93250 88000 0 0 88000 664248 969501 757498 1057501 177495 -275334 1233709 977132 155 18912 1233554 958220 TO LESSEN THE BURDEN OF THE GOVERNMNT OF THE STATE OF MICHIGAN, TO PROMOTE THE PUBLIC WELFARE, AND TO RELIEVE THE CONDITION OF HIGH UNEMPLOYMENT IN THE STATE OF MICHIGAN. 0 0 766788 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 SEVEN MISSIONS THAT OCCURED IN 2023. 135318 EVENTS, RECEPTIONS, & CONFERENCES TO PROMOTE ECONOMIC DEVELOPMENT IN MICHIGAN. IN 2023 THESE EVENTS WERE ATTENDED BY MORE THAN 10,000 PARTICIPANTS, INCLUDING BUSINESS REPS AND NATIONAL AND INTERNATIONAL AUTOMOTIVE SUPPLIERS. COLLABORATION WITH OTHER LOCAL AND PRIVATE ENTITIES STRIVING TO ENSURE GROWTH AND PROVIDE AN ECONOMIC BOOST AND ENTERTAINMENT TO LOCAL COMMUNITIES. 902106 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MI X NANCY E LYNN 5176649806 PO BOX 13063 LANSING MI 48901 CYNTHIA STUMP BOARD MEMBER 0.50 X 0 0 0 DEEANA AHMED BOARD MEMBER 0.50 X 0 0 0 ELEANOR REECE BOARD MEMBER 0.50 X 0 0 0 GABBY BRUNO BOARD MEMBER 0.50 X 0 0 0 GEORGE W COOK III BOARD MEMBER 0.50 X 0 0 0 JEFF STOUTENBURG PRESIDENT 0.50 X X 0 0 0 JOHN VANFOSSEN BOARD MEMBER 0.50 X 0 0 0 JOSEPH ROHATYNSKI BOARD MEMBER 0.50 X 0 0 0 KELLY M HALL BOARD MEMBER 0.50 X 0 0 0 KEN HAYWARD BOARD MEMBER 0.50 X 0 0 0 KIA FLOYD BOARD MEMBER 0.50 X 0 0 0 LORI APPLE BOARD MEMBER 0.50 X 0 0 0 MARC R CORRIVEAU TREASURER 0.50 X X 0 0 0 NICK SITARSKI BOARD MEMBER 0.50 X 0 0 0 PHIL YEITER BOARD MEMBER 0.50 X 0 0 0 RICK LANTZ VICE PRESIDENT 0.50 X X 0 0 0 ROBERT F TOWNSEND BOARD MEMBER 0.50 X 0 0 0 SARAH GONZALES BOARD MEMBER 0.50 X 0 0 0 SHELLEY KLUG BOARD MEMBER 0.50 X 0 0 0 VALERIE KNOL BOARD MEMBER 0.50 X 0 0 0 RENEE WILLIAMS BOARD MEMBER 0.50 X 0 0 0 RODNEY COLE BOARD MEMBER 0.50 X 0 0 0 ASHLEY VAN EK EXECUTIVE DIRECTOR 0.50 X X 88000 0 0 88000 0 0 0 0 0 0 0 773000 773000 3742 3742 MISCELLANEOUS 900099 5425 5425 5425 782167 0 0 9167 88000 88000 3932 3932 14715 14715 39000 39000 1427 1427 766788 766788 4916 4916 CLIENT DEVELOPMENT 135318 135318 MISCELLANEOUS 3405 3405 1057501 902106 67395 88000 1174347 727036 25000 103202 30060 120221 4302 26673 1233709 977132 155 18912 155 18912 X 1033554 783220 200000 175000 1233554 958220 1233709 977132 -275334 0 X 0 1 X 1 0 X 776700 685128 609750 929750 773000 3774328 776700 685128 609750 929750 773000 3774328 1264283 2510045 4074 1858 759 769 3742 11202 2350 2000 2600 4474 5425 16849 3802379 0.66010 0.63200 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER - 2019 AMOUNT: $ 2,350. 2020 AMOUNT: $ 2,000. 2021 AMOUNT: $ 2,600. 2022 AMOUNT: $ 4,474. 2023 AMOUNT: $ 5,425. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 782167 0 782167 0 782167 1057501 0 1057501 0 1057501 PART X, LINE 2: THE FOUNDATION EVALUATES ALL SIGNIFICANT TAX POSITIONS UNDER A MORE LIKELY THAN NOT THRESHOLD AS REQUIRED BY U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. AS OF DECEMBER 31, 2021, THE FOUNDATION DOES NOT BELIEVE THAT IT HAS TAKEN ANY TAX POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT TWELVE MONTHS. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTIONS. AT DECEMBER 31, 2021, THE FOUNDATION'S FEDERAL TAX RETURNS GENERALLY REMAIN OPEN FOR THE LAST THREE YEARS. FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS ANY PERSON (PERSON BEING DEFINED TO MEAN ANY INDIVIDUAL, ASSOCIATION, PARTNERSHIP, PROPRIETORSHIP WHETHER SOLE OR OTHERWISE, JOINT VENTURE, CORPORATION WHETHER PUBLIC OR PRIVATE AND WHETHER PROFIT OR NONPROFIT, TRUST, FOUNDATION, CHARITY, UNIT OF GOVERNMENT, OR OTHER ENTITY WHETHER PUBLIC OR PRIVATE) MAY, UPON ACCEPTANCE BY THE BOARD OF DIRECTORS, BECOME A MEMBER OF THE FOUNDATION ON SUCH TERMS AND CONDITIONS AS SET BY THE BOARD. THE NUMBER AND DELINEATIONS OF THE CLASSES OF MEMBERS MY BE CHANGED FROM TIME TO TIME BY RESOLUTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE FOUNDATION'S ACCOUNTANT RECEIVES AND REVIEWS FORM 990 FOR ACCURACY. AFTER THE ACCOUNTANT APPROVES THE RETURN, IT IS MADE AVAILABLE TO THE BOARD OF DIRECTORS IN ELECTRONIC FORMAT. AFTER ANY BOARD MEMBER CONCERNS ARE ADDRESSED, THE TREASURER SIGNS AND FILES THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY THE CONFLICT OF INTEREST POLICY AND THE CODE OF CONDUCT ARE REVIEWED ANNUALLY AND ALL BOARD DIRECTORS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST AND TO NOTIFY THE BOARD OF ANY CONFLICTS THAT MY ARISE THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION PROCESS FOR TOP OFFICIAL COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORES AND DETERMINED BASED ON A COMPARISON OF THE SANE POSITION IN OTHER SIMILAR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION ALL INFORMATION IS AVAILABLE ON REQUEST. FORM 990 IS ALSO POSTED ANNUALLY AT THE GUIDESTAR WEBSITE. FORM 990 IS PUBLIC INFORMATION AVAILABLE THROUGH THE MICHIGAN ATTORNEY GENERAL'S OFFICE.