Community Economic Development
THE COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN (CEDAM) SUPPORTS ITS DIVERSE MEMBERSHIP TO CREATE VIBRANT, SUSTAINABLE AND RESILIENT COMMUNITIES. WE ENHANCE LOCALLY-DRIVEN COMMUNITY ECONOMIC DEVELOPMENT EFFORTS THROUGH TRAINING AND RESOURCES, TECHNICAL ASSISTANCE, CAPACITY BUILDING AND POLICY ADVOCACY.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$5.0M
+61.7% YoY
Annual Giving
$401K
+16.9% YoY
Grant Count
11
+83.3% YoY
Avg Grant Size
$36K
-36.2% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,990,698 | $3,086,019 | $2,302,310 |
| Revenue | $5,164,060 | $3,268,290 | $4,096,846 |
| Expenses | $5,162,504 | $3,190,424 | $3,430,945 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $65,108 | $27,718 | $878 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
26 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Community Economic Development fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LUKE FORREST | EXECUTIVE DIRECTOR | 40 | $131,724 |
| YOLANDA JACKSON | DIRECTOR (ENDED 5/24) | 1 | — |
| BRION EDWARDS | DIRECTOR (ENDED 5/24) | 1 | — |
| BARBARA SISTRUNK | DIRECTOR (ENDED 5/24) | 1 | — |
| CJ FELTON | DIRECTOR | 1 | — |
| LISA EVANS | DIRECTOR | 1 | — |
| PENNY PAYEA | DIRECTOR | 1 | — |
| DEAMO MURPHY | DIRECTOR | 1 | — |
| DANA CHRISTIAN | DIRECTOR | 1 | — |
| HOPE LOVELL | DIRECTOR | 1 | — |
| JONATHAN STIMSON | DIRECTOR | 1 | — |
| ZOSIA EPPENSTEINER | DIRECTOR | 1 | — |
| BRAD MICHAUD | DIRECTOR | 1 | — |
| BRYAN KIELER | DIRECTOR (STARTED 6/24) | 1 | — |
| YELENA RAMAUTAR | DIRECTOR (STARTED 6/24) | 1 | — |
| CATHERINE DISTELRATH | DIRECTOR (STARTED 6/24) | 1 | — |
| LIBBY PALACKDHARRY | SECRETARY | 1 | — |
| ANGELA AARON-BENIFIELD | TREASURER | 1 | — |
| ESSENCE WILSON | VP(ENDED 5/24)/PRESIDENT (STARTED 6/24) | 1 | — |
| RAWLEY VAN FOSSEN | PRESIDENT (ENDED 5/24) | 1 | — |
| CHARLOTTE SMITH | PAST PRESIDENT (ENDED 5/24) | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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