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Nonprofit · EIN 93-1644302

UPPER PENINSULA ECONOMIC DEVELOPMENT CORPORATION

Tax-exempt · MARQUETTE, MI 49855

Financials

$500K$312K2023
Revenue Expenses · by fiscal year end
Financials of UPPER PENINSULA ECONOMIC DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$500,370$312,310$188,060$7,414,537$7,226,477$188,060
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$375,000
of which government grants
$375,000
Program service revenue
$0
Investment income
$125,370
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$17,500
Salaries, compensation and benefits (total)
$17,500
Professional fundraising fees
$0
Occupancy
$7,000
Travel
$452
Program services (functional)
$177,144
Management and general (functional)
$135,166

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$7,414,537
Total liabilities, end of year
$7,226,477
Net assets, end of year
$188,060
Net assets without donor restrictions
$188,060
Gross receipts
$500,370
Employees
0
Year formed
2023
State of legal domicile
MI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
TODD LAFAVETREASUER
Trustee or director, Officer
2$0
RONALD MEISTERMEMBER
Trustee or director
1$0
DAVID NYBERGPRESIDENT
Trustee or director, Officer
2$0
STEPHEN VAIROVICE CHAIR
Trustee or director, Officer
2$0
DAVID VLAHOSMEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
101 W WASHINGTON ST STE 13, MARQUETTE, MI 49855-4407
Principal officer (990 for 2023)
DAVID NYBERG, 101 W WASHINGTON ST STE 13, MARQUETTE, MI 49855
Signed the 990
DAVID NYBERG, PRESIDENT
Phone
(906) 250-6339
Return prepared by
GABRIDGE & COMPANY PLC

Mission

ADDRESS THE UPPER PENINSULAS IMMEDIATE NEED FOR HOUSING AND PROVIDE THE REGION WITH A LONG-TERM, SUSTAINABLE FUND TO SOLVE FUTURE HOUSING CHALLENGES.

990 for the year ended December 31, 2023

Program accomplishments

  • HELPED DEVELOPERS MOVE HOUSING PROJECTS OVER THE FINISH LINE FASTER.
    Expenses $177,144

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Check at the IRS
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
93-1644302
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2025
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$7,168,785
Income (IRS master file)
$3,235,941

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$500,370$312,310$7,414,537XML

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 93-1644302).

Questions about UPPER PENINSULA ECONOMIC DEVELOPMENT CORPORATION

What is the EIN of UPPER PENINSULA ECONOMIC DEVELOPMENT CORPORATION?
The employer identification number (EIN) of UPPER PENINSULA ECONOMIC DEVELOPMENT CORPORATION is 93-1644302.
Is UPPER PENINSULA ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
Are donations to UPPER PENINSULA ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does UPPER PENINSULA ECONOMIC DEVELOPMENT CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of UPPER PENINSULA ECONOMIC DEVELOPMENT CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did UPPER PENINSULA ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of UPPER PENINSULA ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2023 names DAVID NYBERG.
Who are the officers and directors of UPPER PENINSULA ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2023 lists 5 people; 0 received compensation from the organization.
How much revenue does UPPER PENINSULA ECONOMIC DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2023 it reported revenue of $500,370, expenses of $312,310 and total assets of $7,414,537 at year end.

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