Michigan Economic Development Foundation
To lessen the burden of the government of the state of Michigan, to promote the public welfare, and to relieve the condition of high unemployment in the state of Michigan.
Michigan Economic Development Foundation at a glance
- Total assets
- $892,155
- -2.3% vs 2024
- Revenue (2025)
- $890,909
- +29.5% vs 2024
- Net investment income (2025)
- $3,291
- +2.6% vs 2024
- Expenses (2025)
- $908,243
- +19.9% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Michigan Economic Development Foundation funds
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2020 it made 1 grant totaling $69K.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $892,155 | $890,909 | $908,243 | — | — | $3,291 |
| 2024 | $912,784 | $687,709 | $757,753 | — | — | $3,209 |
| 2023 | $977,132 | $782,167 | $1,057,501 | — | — | $3,742 |
| 2022 | $1,233,709 | $934,993 | $757,498 | — | — | $769 |
| 2021 | $1,060,409 | $613,109 | $509,829 | — | — | $759 |
| 2020 | $994,061 | $688,986 | $362,449 | $68,898 | 1 | $1,858 |
About Michigan Economic Development Foundation
Based on IRS filings
Michigan Economic Development Foundation is a public charity focused on Community Improvement & Capacity Building, based in Okemos, MI. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $892K in total assets. Net investment income was $3K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Michigan Economic Development Foundation is led by Rick Lantz, President since 2025 (on filings since 2020); none of the 27 officers listed in 2025 report compensation.
Officers on the 2025 filing
Rick Lantz
President
Treasurer → Vice President, 2023
Vice President → President, 2025
On filings since 2020
0.5 hrs/week
No compensation reported
Rebecca Bahar-Cook
Executive Director & Secretary
Executive Director → Executive Director & Secretary, 2025
On filings since 2024
10 hrs/week
No compensation reported
Governor Gretchen Whitmer
Chair & Ex-Officio Member
Chairperson → Chair & Ex-Officio Member, 2025
On filings since 2023
0.5 hrs/week
No compensation reported
Jeff Stoutenburg
Board Member
Vice President → President, 2023
President → Board Member, 2025
On filings since 2020
0.5 hrs/week
No compensation reported
Joseph Rohatynski
Board Member
On filings since 2020
0.5 hrs/week
No compensation reported
Marc R. Corriveau
Vice President
Board Member → Treasurer, 2023
Treasurer → Vice President, 2025
On filings since 2020
0.5 hrs/week
No compensation reported
Robert F. Townsend
Board Member
On filings since 2020
0.5 hrs/week
No compensation reported
Cynthia Stump
Board Member
On filings since 2021
0.5 hrs/week
No compensation reported
Eleanor Reece
Board Member
On filings since 2022
0.5 hrs/week
No compensation reported
Nick Sitarski
Board Member
On filings since 2022
0.5 hrs/week
No compensation reported
Phil Yeiter
Board Member
On filings since 2022
0.5 hrs/week
No compensation reported
Sarah Gonzales
Treasurer
Board Member → Treasurer, 2025
On filings since 2022
0.5 hrs/week
No compensation reported
Valerie Knol
Board Member
On filings since 2022
0.5 hrs/week
No compensation reported
George W. Cook III
Board Member
On filings since 2023
0.5 hrs/week
No compensation reported
Renee Williams
Board Member
On filings since 2023
0.5 hrs/week
No compensation reported
John Van Fossen
Board Member
On filings since 2024
0.5 hrs/week
No compensation reported
Trevor Lauer
Board Member
On filings since 2024
0.5 hrs/week
No compensation reported
Angela Ayers
Board Member
New on the 2025 filing
0.5 hrs/week
No compensation reported
Brad Ward
Board Member
New on the 2025 filing
0.5 hrs/week
No compensation reported
David Zyble
Board Member
New on the 2025 filing
0.5 hrs/week
No compensation reported
Emily McGraw
Board Member
New on the 2025 filing
0.5 hrs/week
No compensation reported
Jason Griffin
Board Member
New on the 2025 filing
0.5 hrs/week
No compensation reported
Jill Scicchitano
Board Member
New on the 2025 filing
0.5 hrs/week
No compensation reported
Kristin Mixon
Board Member
New on the 2025 filing
0.5 hrs/week
No compensation reported
Laura Appel
Board Member
New on the 2025 filing
0.5 hrs/week
No compensation reported
Natalie Stewart Mitchell
Board Member
New on the 2025 filing
0.5 hrs/week
No compensation reported
Suzanne Miller Allen
Board Member
New on the 2025 filing
0.5 hrs/week
No compensation reported
Former officers (30)
- Former: Gabby Bruno (2021–2024) — Board Member
- Former: Kelly M. Hall (2021–2024) — Board Member
- Former: Deeana Ahmed (2023–2024) — Board Member
- Former: Ken Hayward (2023–2024) — Board Member
- Former: Amy Hicks (2024) — Board Member
- Former: Ashley Savieo (2024) — Board Member
- Former: Shelley Klug (2020–2023) — Board Member
- Former: John Vanfossen (2021–2023) — Board Member
- Former: Ashley Van Ek (2023) — Executive Director
- Former: Kia Floyd (2023) — Board Member
- Former: Lori Apple (2023) — Board Member
- Former: Rodney Cole (2023) — Board Member
- Former: Brian O'Connell (2020–2022) — Board Member
- Former: Gretchen Whitmer (2020–2022) — Chairman
- Former: Tricia A. Keith (2020–2022) — President
- Former: Lynette Dowler (2021–2022) — Board Member
- Former: Mike Vangessel (2021–2022) — Board Member
- Former: Ashley Van Ek - Ten Brink (2022) — Secretary & Executive Director
- Former: James E. Coleman (2022) — Board Member
- Former: Mark A. Jones (2022) — Board Member
- Former: Ashley Vanek - Tenbrink (2020–2021) — Secretary & Executive Director
- Former: Christine Estereicher (2020–2021) — Assistant Treasurer
- Former: D. Jeffrey Noel (2020–2021) — Immediate Past President
- Former: David R. Werner (2020–2021) — Board Member'
- Former: Deborah A. Schroeder (2020–2021) — Board Member
- Former: Richard Devore (2021) — Board Member
- Former: Donna Zalewski (2020) — Board Member
- Former: Garrick Rochow (2020) — Board Member
- Former: Matthew Godlewski (2020) — Board Member
- Former: Nancy Moody (2020) — Treasurer
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Michigan Economic Development Foundation
How large is Michigan Economic Development Foundation?
Michigan Economic Development Foundation reported $892K in total assets on its 2025 IRS Form 990. Its revenue that year was $891K.
What is Michigan Economic Development Foundation?
Michigan Economic Development Foundation is a public charity focused on Community Improvement & Capacity Building, based in Okemos, MI. It holds $892K in total assets as of 2025.
Where does Michigan Economic Development Foundation operate?
Michigan Economic Development Foundation has awarded grants in Michigan.
What is Michigan Economic Development Foundation's EIN?
Michigan Economic Development Foundation's EIN (Employer Identification Number) is 38-2527475. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS August 16, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS August 4, 2026)
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Figures come from Michigan Economic Development Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Michigan Economic Development Foundation down — hundreds of funders to go?