EIN 38-2467385

Economic Development Foundation-Cer

IRS 501(c) type
501(c)(4)
Num. employees
15
Year formed
1980
Most recent tax filings
2022-09-01
NTEE code, primary
Description
Economic Development Foundation-Cer stimulates economic development throughout Michigan by promoting and assisting the growth and development of business concerns. It accomplishes this by offering fixed asset financing through the Small Business Administration's 504 Loan Program. In fiscal year 9/30/2022, Economic Development foundation provided funding for 72 SBA loans, amounting to loan dollars totaling 52,521,000.
Also known as...
Economic Development Foundation - Certified; Great Lakes Commercial Finance
Total revenues
$1,746,446
2022
Total expenses
$1,881,702
2022
Total assets
$3,934,233
2022
Num. employees
15
2022

Program areas at Economic Development Foundation-Cer

Economic Development foundation provided funding for 72 sba loans in fiscal year 9/30/2022 totaling 52,521,000 in loan dollars.

Personnel at Economic Development Foundation-Cer

NameTitleCompensation
Gary WitkowskiVice President of Loan Operations 14 Years of Sba Lending Experience
Julie ParkerPresident$207,503
Kyle WilsonDirector of Closing Operations
Laura SeromikTitle Servicing and Compliance Manager
Dan DebaarVice Chairman$0
...and 9 more key personnel

Financials for Economic Development Foundation-Cer

RevenuesFYE 09/2022
Total grants, contributions, etc.$0
Program services$1,928,087
Investment income and dividends$-181,641
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,746,446

Form 990s for Economic Development Foundation-Cer

Fiscal year endingDate received by IRSFormPDF link
2022-092023-05-08990View PDF
2019-092020-09-02990View PDF
2018-092019-05-14990View PDF
2017-092018-05-14990View PDF
2016-092017-03-17990OView PDF
...and 7 more Form 990s
Data update history
July 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
March 1, 2022
Used new vendors
Identified 1 new vendor, including
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
June 15, 2021
Updated personnel
Identified 6 new personnel
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
State / local level
General information
Address
3980 Chicago Dr SW Suite 220
Grandville, MI 49418
Metro area
Grand Rapids-Kentwood, MI
County
Kent County, MI
Website URL
glcf.org/ 
Phone
(616) 459-4825
IRS details
EIN
38-2467385
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1980
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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