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 · View filing
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
About Community Economic Development
Based on IRS filings
Community Economic Development is a nonprofit organization focused on Community Improvement & Capacity Building, based in LANSING, MI. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $5.0M in total assets. In 2024, it awarded 11 grants totaling $401K. Net investment income was $65K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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 .
Leadership & 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 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Assets
—
Grants
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Total Given
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Assets
—
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Total Given
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Robert a Leonard Jr Charitable Trus
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Assets
—
Grants
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Total Given
$11K
Homer Youth Athletic Association
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Assets
—
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Total Given
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Dr Shanti Swarup & Mrs Chawla Devi
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Assets
—
Grants
9
Total Given
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Bojrab Family Foundation
BLOOMFIELD HILLS, MI
Assets
$185K
Grants
9
Total Given
$27K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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