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
Among its reported 2024 grants, the largest include Accounting Aid Society ($199,437), Wayne Metropolitan Community Action Agency ($68,136), Community Action House ($26,776).
| Recipient | Purpose | Amount |
|---|---|---|
| ACCOUNTING AID SOCIETY DETROIT, MI | FREE TAX PREP EXPANSION GRANT AND DATA COLLECTION GRANT | $199,437 |
| CHEBOYGAN VITA CHEBOYGAN, MI | 7310 WOODWARD, SUITE 800 | $5,815 |
| COMMUNITY ACTION AGENCY JACKSON, MI | FREE TAX PREP EXPANSION GRANT | $11,439 |
| COMMUNITY ACTION HOUSE HOLLAND, MI | FREE TAX PREP EXPANSION GRANT | $26,776 |
| HEART OF WEST MICHIGAN UNITED WAY GRAND RAPIDS, MI | FREE TAX PREP EXPANSION GRANT | $19,860 |
| MACOMB COUNTY VETERAN SERVICES CLINTON TWP, MI | FREE TAX PREP EXPANSION GRANT | $18,123 |
| MID MICHIGAN COMMUNITY ACTION AGENCY FARWELL, MI | FREE TAX PREP EXPANSION GRANT | $5,886 |
| NORTHWEST MICHIGAN COMMUNITY ACTION AGENCY TRAVERSE CITY, MI | FREE TAX PREP EXPANSION GRANT | $12,443 |
| UNITED WAY OF LAPEER COUNTY LAPEER, MI | FREE TAX PREP EXPANSION GRANT | $11,685 |
| UNITED WAY OF SOUTH CENTRAL MICHIGAN LANSING, MI | FREE TAX PREP EXPANSION GRANT | $21,749 |
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
Frequently Asked Questions
What is Community Economic Development?
Community Economic Development is a nonprofit organization focused on Community Improvement & Capacity Building, based in LANSING, MI. It holds $5.0M in total assets as of 2024.
How large is Community Economic Development?
As of 2024, Community Economic Development holds $5.0M in total assets with $5.2M in annual revenue. It awarded 11 grants totaling $401K in 2024.
Where does Community Economic Development operate?
Community Economic Development has awarded grants in Michigan.
What size grants does Community Economic Development award?
In 2024, Community Economic Development awarded 11 grants totaling $401K — an average of about $36K per grant, based on its IRS Form 990 filings.
What is Community Economic Development's EIN?
Community Economic Development's EIN (Employer Identification Number) is 38-3445097. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Community Economic Development's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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