Overview

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Est.

1946

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

Lenawee Economic Development Corp is a Lenawee County-based nonprofit focused on business promotion, with a mission to stimulate economic development, attract new businesses, grow established businesses, and support entrepreneurial endeavors in the county. In filing year 2025, it reported an operating budget of $1.4M and total revenue of $1.1M, with major support from PROMEDICA HEALTH SYSTEM INC, LENAWEE CHAMBER FOUNDATION, and FARVER FOUNDATION.

Mission Statement

to stimulate economic development, attract new businesses, grow established businesses and support entrepreneurial endeavors in Lenawee County
Revenues
$1.4M
Expenses
$1.6M
Net Income:
-$156.8K
Assets
$10.2M
Liabilities
$9.2M
Net Assets:
+$956.3K
Operating Budget
$1.6M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$98.5K
Largest grant received
$98.5K
J
Jim Williams
Board Member
J
Julie Yaroch
Board Member
R
Rick Gurdjian
Board Member
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  • 5 funders
  • 32 board & team members
  • 12 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is Lenawee Economic Development Corp’s budget?
In 2024, Lenawee Economic Development Corp reported an annual operating budget of around $1.6 million. More detailed financial information is available to registered users.
What causes does Lenawee Economic Development Corp support?
Lenawee Economic Development Corp supports work in Business promotion.
Where does Lenawee Economic Development Corp operate?
Lenawee Economic Development Corp is headquartered in Adrian, MI.
Who funded Lenawee Economic Development Corp recently?
In 2023, Lenawee Economic Development Corp received grants from LENAWEE CHAMBER FOUNDATION, LENAWEE CHAMBER FOUNDATION, and DOUGLAS AND MARY KAPNICK FAMILY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant Lenawee Economic Development Corp received in 2023?
The largest grant to Lenawee Economic Development Corp in 2023 exceeds $99 thousand.
What is Lenawee Economic Development Corp’s reliance on government grants?
Lenawee Economic Development Corp relied on government grants for more than 70% of their total revenue in 2024.