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EIN 38-2853785

Southwest Michigan First Corporation

IRS 501(c) type
501(c)(3)
Num. employees
26
City
Kalamazoo
State
Michigan
Year formed
1988
Most recent tax filings
2023-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Southwest Michigan First Corporation serves as a regional economic development organization for Southwest Michigan, attracting and retaining businesses, reducing poverty, and growing jobs. The corporation is organized for charitable, religious, educational, and scientific purposes including administering grants to small businesses through funding from the MEDC.
Total revenues
$8,034,787
2023
Total expenses
$7,479,006
2023
Total assets
$13,622,051
2023
Num. employees
26
2023

Program areas at Southwest Michigan First Corporation

Other economic development - the purpose is to serve as a regional economic development organization to attract business to and retain business in, and to reduce poverty and the burden of government by growing jobs in Southwest Michigan.
Southwest Michigan First administered approximately $2,749,000 in grants to businesses through funding from the medc (state economic development corporation) during 2023.

Grants made by Southwest Michigan First Corporation

GranteeGrant descriptionAmount
Battle Creek Unlimited (BCU)Revitalization and Placemaking Grant (Medc)$2,379,369
Cornerstone AllianceCollaborative Development Council Grant (Medc)$65,625

Who funds Southwest Michigan First Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Drive for LifeOperatings$93,500
Bronson Healthcare GroupGeneral Support$82,500
Consumers Energy FoundationPath To Regional Prosperity Action Plan$50,000
...and 3 more grants received

Personnel at Southwest Michigan First Corporation

NameTitleCompensation
Ben NobisChief Executive Officer$0
Bill MannsPresident and Chief Executive Officer$0
Jim FeltchPresident + Chief Executive Officer$0
Jose GomezChief Executive Officer
Marc A. SchupanPresident and Chief Executive Officer$0
...and 28 more key personnel

Financials for Southwest Michigan First Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$6,837,766
Program services$994,163
Investment income and dividends$60,422
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$136,187
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$6,249
Total revenues$8,034,787

Form 990s for Southwest Michigan First Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-06-21990View PDF
2022-122023-06-27990View PDF
2021-122022-06-28990View PDF
2020-122021-06-29990View PDF
2019-122021-01-21990View PDF
...and 10 more Form 990s
Data update history
January 3, 2025
Received grants
Identified 4 new grant, including a grant for $93,500 from Drive for Life
September 23, 2024
Updated personnel
Identified 16 new personnel
August 29, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 28, 2024
Updated personnel
Identified 10 new personnel
July 11, 2024
Received grants
Identified 2 new grant, including a grant for $75,000 from Bronson Healthcare Group
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
MembershipsPolitical advocacyLobbyingState / local levelReceives government fundingManagement and technical assistanceTax deductible donationsAccepts online donations
General information
Address
180 E Water St 2690
Kalamazoo, MI 49007
Metro area
Kalamazoo-Portage, MI
County
Kalamazoo County, MI
Website URL
southwestmichiganfirst.com/ 
Phone
(269) 553-9588
Facebook page
southwestmichiganfirst 
Twitter profile
@swmfirst 
IRS details
EIN
38-2853785
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1988
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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