EIN 38-3024786

Northern Economic Initiatives Corporation

IRS 501(c) type
501(c)(3)
Num. employees
32
City
Marquette
Year formed
1991
Most recent tax filings
2018-12-01
Notice
This nonprofit is terminated or no longer active
Northern Economic Initiatives Corporation may be no longer active or terminated. Either the organization hasn't filed a Form 990 in many years and appears to no longer be active, or they marked in their most recent Form 990 that they have closed down.
Description
Northern Economic Initiatives Corporation is a small business development organization in Marquette, MI whose mission is: To provide tailored business solutions to advance and connect rural economies and their communities.
Total revenues
$3,668,012
2018
Total expenses
$2,539,762
2018
Total assets
$0
2018
Num. employees
32
2018

Program areas at Northern Economic Initiatives Corporation

Finance services: provided affordable access to capital to rural underserved markets from the Corporation's revolving loan fund and associated grants.
Business development services: provided consulting, training and technical assistance to businesses for process improvements, systems development, market research services, e-commerce services, accounting and marketing assistance.

Who funds Northern Economic Initiatives Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Michigan Certified Development Corporation (MCDC)Funding of A Loan Loss Reserve$45,000
Local Initiatives Support Corporation (LISC)See Part Iv$36,000
Federal funding details
Federal agencyProgram nameAmount
Small Business Administration7(A) LOAN GUARANTEES$4,442,667
Department of AgricultureINTERMEDIARY RELENDING PROGRAM$2,847,627
Small Business AdministrationMICROLOAN PROGRAM$2,101,872
...and 12 more federal grants / contracts

Personnel at Northern Economic Initiatives Corporation

NameTitleCompensation
Amanda BlondeauChief Strategy Officer
Chuck HurstVice President, Commercial Lending
Israel FloresBusiness Services Director
Kristin SmithMMTC Regional Director
Michael OmanIt Manager
...and 11 more key personnel

Financials for Northern Economic Initiatives Corporation

RevenuesFYE 12/2018
Total grants, contributions, etc.$2,466,339
Program services$1,156,563
Investment income and dividends$19,410
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$24,870
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$830
Total revenues$3,668,012

Form 990s for Northern Economic Initiatives Corporation

Fiscal year endingDate received by IRSFormPDF link
2018-122020-01-03990View PDF
2017-122018-12-22990View PDF
2016-122017-10-17990View PDF
2015-122017-04-10990View PDF
2014-122016-01-13990View PDF
...and 5 more Form 990s
Data update history
August 7, 2021
Updated personnel
Identified 9 new personnel
April 26, 2021
Posted financials
Added Form 990 for fiscal year 2018
March 30, 2021
Received grants
Identified 1 new grant, including a grant for $36,000 from Local Initiatives Support Corporation
October 20, 2020
Received grants
Identified 1 new grant, including a grant for $45,000 from Michigan Certified Development Corporation (MCDC)
August 29, 2019
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Business and community development organizationsCommunity Development Financial InstitutionsHeadquarter / parent organizations
Issues
Economic developmentBusiness and industry
Characteristics
Political advocacyLobbyingReceives government fundingManagement and technical assistanceTerminated
General information
Address
1401 Presque Isle Jacobetti No 202
Marquette, MI 49855
Website URL
northerninitiatives.org/ 
Phone
(906) 228-5571
IRS details
EIN
38-3024786
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1991
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
Free account sign-up

Want updates when Northern Economic Initiatives Corporation has new information, or want to find more organizations like Northern Economic Initiatives Corporation?

Create free Cause IQ account