Public Charity

KEWEENAW ECONOMIC DEVELOPMENT ALLIANCE

KEWEENAW ECONOMIC DEVELOPMENT ALLIANCE is a nonprofit organization categorized as Public Charity based in HOUGHTON, MI. Its most recent IRS filing (2025) reports revenue of $518K, expenses of $266K, total assets of $993K.

EIN: 237314061 HOUGHTON, MI Economic Development NTEE: S30 Latest filing: 2025
Total Revenue$518K
Total Expenses$266K
Total Assets$993K
Grant Records0
Filing Years2021–2025

Mission

OUR MISSION IS TO ENGAGE COMMUNITY LEADERSHIP TO START, RETAIN, GROW AND ATTRACT COMPANIES THAT WILL INCREASE THE WEALTH OF THE REGION THROUGH A HOLISTIC AND COLLABORATIVE STRATEGY THAT BUILDS ON THE ASSETS AND OPPORTUNITIES PRESENT IN THE REGION.

Where $100 goes at Keweenaw Economic Development Alliance

How Keweenaw Economic Development Alliance divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$55 Programs the work itself
$45 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $55 for programs

$49
Fostering business growth including over for small business outreach to 1,000+ businesses
88% of program spending · Reported in the filing: 1,000 businesses
$2
Revitalizing communities including work with Houghton county landbank, stabilization of buildings in calumet and redevelopment projects in various communities
About 4% (cost not reported)
$2
Retaining and attracting talent including the award of nine 500 scholarships to graduating seniors pursuing a skilled trade program
4% of program spending · Reported in the filing: 500 scholarships

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

KEDA CHAIR Andrew Lahti
MEMBER Brad Barnett
VICE CHAIR Brian Baccus
MEMBER David Paananen
MEMBER David Rowe
MEMBER Dean Woodbeck

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $518K $266K $993K
2024 $522K $235K $699K
2023 $236K $197K $445K
2022 $179K $150K $403K
2021 $173K $156K $373K

Between 2021 and 2025, reported annual revenue grew from $173K to $518K (+200%), with total assets most recently reported at $993K.

Interactive year-over-year charts and full filing details available with membership.

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