Overview
What is Business Leaders For Michigan?
Business Leaders For Michigan is a prominent nonprofit organization located in Detroit, Michigan. Their primary mission is to improve Michigan's economic development, talent, and equity, striving to make it a desirable state for businesses and individuals. They accomplish this by benchmarking the state's competitiveness, developing effective strategies, educating the public, advocating for policies, and championing initiatives. The organization boasts a strong board membership consisting of executive leaders from major Michigan companies and universities, contributing significantly to the state's economy. During the COVID-19 pandemic, Business Leaders For Michigan created a special website, shared resources, and held town halls to disseminate up-to-date information and best practices to its members and other businesses. Additionally, they are committed to enhancing K-12 education outcomes and directing more funding to the classroom, as well as improving the workforce development system. The organization, with a limited workforce of 10 individuals, operates under a vision to make Michigan a top 10 state for jobs, education, prosperity, and a healthy economy.
Official website here: www.businessleadersformichigan.com
Is Business Leaders For Michigan legitimate?
Business Leaders For Michigan is a legitimate nonprofit organization registered as a 501(c)(4) entity. Business Leaders For Michigan submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,829,047
Professional Fundraising Fees: $0
Other Salaries and Wages: $258,100
For more financial information, click here
Official website here: www.businessleadersformichigan.com
What is the mission statement of Business Leaders For Michigan?
Business Leaders For Michigan's mission is focused on enhancing economic development, talent, and equity in the organization's home state. Their ultimate goal is to make their state one of the top ten in terms of job opportunities, education, widespread prosperity, and a healthy economy. The group comprises executive leaders from major companies and universities in the state, who collectively contribute significantly to the state's economy and serve a substantial portion of its students. They aim to support the implementation of Michigan's Road to Top Ten plan by benchmarking the state's competitiveness, developing effective strategies, educating the public, advocating for policy, and championing initiatives that attract business investments and encourage people to live and work in the state.
Official website here: www.businessleadersformichigan.com
What is the revenue of Business Leaders For Michigan?
Business Leaders For Michigan's revenue in 2023 was $4,069,513.
Official website here: www.businessleadersformichigan.com
Who are the executives of Business Leaders For Michigan and what are their salaries?
The average compensation at Business Leaders For Michigan during 2023 was $160,550. There are 13 employees and 105 volunteers at Business Leaders For Michigan.
Here are 124 key members and their salaries:
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Official website here: www.businessleadersformichigan.com
Where can I find the form 990 for Business Leaders For Michigan?
Business Leaders For Michigan's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.businessleadersformichigan.com
Learn more at the official website: www.businessleadersformichigan.com
Mission Statement of Business Leaders For Michigan
Business Leaders For Michigan, a prominent organization, is dedicated to enhancing economic development, talent, and equality in the state. Their mission is to benchmark, educate, convene, and advocate, with the ultimate goal of making Michigan an attractive destination for businesses to invest and individuals to live and work. They envision Michigan becoming one of the top 10 states in terms of job opportunities, education, widespread prosperity, and a robust economy. The membership of this organization comprises the executive leaders of Michigan's largest corporations and universities, collectively contributing to 40% of the state's economy and serving over half of all Michigan public university students.
In supporting the implementation of Michigan's Road to Top Ten plan, Business Leaders For Michigan engages in various activities. They benchmark the state's competitiveness, develop powerful strategies, convene and educate the public, advocate for policy, and champion initiatives that attract investment and encourage people to live and work in Michigan. By fostering collaboration between business, labor, and philanthropy, they aim to improve K-12 education outcomes and direct more funding to the classroom. They also work on enhancing the workforce development system and provide resources during crises, such as the COVID-19 pandemic, through a special website, materials, best practices, and town hall events.
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Impact
October, 2024
Business Leaders For Michigan plays a crucial role in enhancing Michigan's economic landscape by focusing on key areas such as economic development, talent improvement, and equity. The organization is dedicated to making Michigan one of the top ten states for jobs, education, and a healthy economy.
Through initiatives like the Michigan Road to Top Ten plan, Business Leaders For Michigan has successfully convened coalitions of business, labor, and philanthropy, particularly with efforts like Launch Michigan, which aims to boost K-12 education outcomes and direct more funding to classrooms. The organization also develops innovative strategies to strengthen workforce development and support educational improvements.
In response to challenges such as the COVID-19 pandemic, Business Leaders For Michigan created specialized resources, including a dedicated website and materials to disseminate best practices. They have conducted town halls to provide up-to-date information and facilitate discussions among members and other businesses.
With a board that comprises the executive leaders of Michigan's largest companies and universities, the organization drives significant economic impact—contributing to 40% of the state’s economy, generating over $1 trillion in annual revenue, and serving a substantial portion of Michigan’s public university students. Through benchmarking, strategic advocacy, and educational initiatives, Business Leaders For Michigan is committed to fostering a vibrant environment where businesses thrive and people are eager to work and live.
This information is meant to be a general summary of Business Leaders For Michigan. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $746,766
- Program Service Revenue: $3,322,747
- Gross Receipts: $4,069,513
Assets and Liabilities:
- Total Assets: $8,289,466
- Total Liabilities: $1,416,024
- Net Assets: $6,873,442
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$3,302,262
SUMMIT PROGRAM
Revenue
$20,485
Organization Details
Founding Year
1970
Principal Officer
Jacqueline Wiggins
NTEE Category
Code: S30 - Community improvement
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