Overview
What is The Economic Alliance For Michigan?
The Economic Alliance for Michigan is a nonprofit organization situated in Novi, Michigan, specifically at 48650 Gardenbrook STE 750, 48375. Their primary mission is to enhance the overall business and employment landscape in the state by examining various issues through an unbiased and objective lens. They achieve this by conducting thorough analyses and subsequently sharing their findings with influential leaders from sectors such as business, labor, government, and others who are directly or indirectly impacted by these issues. The ultimate goal is to foster a more conducive environment for both businesses and job creation in Michigan.
Official website here: www.eamonline.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%, Two-Star out of Four Star rating)
The Economic Alliance For Michigan has been rated with a score of 73% by Charity Navigator, indicating a need for improvement in certain operational aspects. While the organization boasts a 100% independent board and a strong program expense ratio of 91.33%, which reflects efficient use of funds towards its mission, several key accountability measures are lacking. Specifically, the organization has not provided financial statements publicly, which significantly impacted its overall rating.
Strengths of the Economic Alliance include a robust governance structure with an entirely independent board, ensuring that there are no conflicts of interest in decision-making. Additionally, the organization maintains a low liabilities to assets ratio, suggesting financial stability. However, the absence of essential policies, such as a conflict of interest policy and a whistleblower policy, raises concerns regarding transparency and accountability.
Limitations noted in the rating highlight the need for improved public disclosures, including posting financial documents on its website. The lack of these disclosures may hinder stakeholder trust and impact fundraising efforts. To enhance its credibility and overall effectiveness, The Economic Alliance For Michigan should focus on addressing these weaknesses in governance and financial transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Economic Alliance For Michigan legitimate?
The Economic Alliance For Michigan is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Economic Alliance 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: $0
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Other Salaries and Wages: $345,781
For more financial information, click here
Official website here: www.eamonline.org
What is the mission statement of The Economic Alliance For Michigan?
The Economic Alliance For Michigan's mission is centered around enhancing the overall business and employment environment in the state. They achieve this by meticulously analyzing various issues in a non-partisan and impartial manner. After reaching conclusions through this process, they disseminate these findings to key decision-makers from various sectors, including business, labor, government, and others, who are directly impacted by these issues. Their goal is to foster a conducive environment for businesses and job creation in Michigan.
Official website here: www.eamonline.org
What is the revenue of The Economic Alliance For Michigan?
The Economic Alliance For Michigan's revenue in 2023 was $805,023.
Official website here: www.eamonline.org
Who are the executives of The Economic Alliance For Michigan and what are their salaries?
Here are 31 key members and their salaries:
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Official website here: www.eamonline.org
Where can I find the form 990 for The Economic Alliance For Michigan?
The Economic Alliance For Michigan's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.eamonline.org
Learn more at the official website: www.eamonline.org
Mission Statement of The Economic Alliance For Michigan
The Economic Alliance for Michigan, a nonpartisan organization, is dedicated to enhancing the overall business and job climate in Michigan. Their mission is to analyze various issues affecting the state's economy and employment sector in an objective manner. They then disseminate the conclusions reached during this analytical process to key leaders from various sectors, including business, labor, government, and others. By doing so, The Economic Alliance for Michigan aims to contribute to the improvement of the business and jobs climate in Michigan, ultimately fostering a more prosperous state.
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Impact
July, 2024
The Economic Alliance For Michigan's impact lies in its mission to improve the overall business and jobs climate in Michigan. By analyzing issues through a non-partisan and objective process, the organization disseminates its conclusions to key leaders from business, labor, government, and other sectors affected by these issues. Through its work, the Economic Alliance For Michigan plays a crucial role in fostering a more favorable environment for businesses and job growth in the state.
This information is meant to be a general summary of The Economic Alliance 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: $2,108
- Program Service Revenue: $433,151
- Gross Receipts: $805,023
Assets and Liabilities:
- Total Assets: $581,522
- Total Liabilities: $20,313
- Net Assets: $561,209
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPECIAL PROJECTS
Revenue
$433,151
Organization Details
Principal Officer
Bret Jackson
Website
www.eamonline.orgNTEE Category
Code: S300 - Community improvement
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