Michigan · Nonprofit
NORTHERN ECONOMIC INITIATIVES CORPORATION
NORTHERN ECONOMIC INITIATIVES CORPORATION (Michigan) receives grants from 6 organizations whose IRS filings report $509,000 to it, the largest being OPPORTUNITY FINANCE NETWORK ($250,000). 2 of them have funded it in more than one year.
- Revenue FY2018
- $3.7M
- Funders on record
- 6
- Grants received
- $509k
- Net assets
- $0
What Northern Economic Initiatives Corporation does
Mission
To provide tailored business solutions to advance and connect rural economies and their communities.
As stated on its FY2018 Form 990.
Program
Finance services: provided affordable access to capital to rural underserved markets from the corporation's revolving loan fund and associated grants.
The first program described on its most recent Form 990, which lists programs largest first by expense.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $20M to $0 (−100%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 74% · 2018 61%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 2 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2019: the base narrowed from 4 funders to 2 funders, grant income fell $153k → $81k.
3 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 14% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of NORTHERN ECONOMIC INITIATIVES CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NORTHERN ECONOMIC INITIATIVES CORPORATION leans on a few funders — its largest provides 49% of grant income and the top three 86%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NORTHERN ECONOMIC INITIATIVES CORPORATION.
Largest funder’s share by year: 2017 42% · 2018 100% · 2019 56% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
NORTHERN ECONOMIC INITIATIVES CORPORATION draws 75% of its grant income from funders outside Michigan, across 3 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $70k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Government funding NORTHERN ECONOMIC INITIATIVES CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $2.1M on record.
- Small Business Administration$1.2M
- Department of the Treasury$687k
- Department of Agriculture$267k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like NORTHERN ECONOMIC INITIATIVES CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Michigan
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
83% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 3 related entities
- Up Business Capital Inc · exempt
- Upper Peninsula Certified Development Company · exempt
- Northern Great Lakes Initiatives · exempt
Screen this organization
A dated, signed PDF of the compliance screen for NORTHERN ECONOMIC INITIATIVES CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NORTHERN ECONOMIC INITIATIVES CORPORATION?
- NORTHERN ECONOMIC INITIATIVES CORPORATION (Michigan) receives grants from 6 organizations whose IRS filings report $509,000 to it, the largest being OPPORTUNITY FINANCE NETWORK ($250,000). 2 of them have funded it in more than one year.
- How many funders does NORTHERN ECONOMIC INITIATIVES CORPORATION have?
- IRS filings report 6 organizations giving $509,000 in grants to NORTHERN ECONOMIC INITIATIVES CORPORATION, 2 of which have funded it in more than one year.
- Who is the largest funder of NORTHERN ECONOMIC INITIATIVES CORPORATION?
- OPPORTUNITY FINANCE NETWORK is the largest funder on record, with $250,000 in grants. The full list of funders is on this page.
- How can an organization like NORTHERN ECONOMIC INITIATIVES CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Michigan. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Northern Economic Initiatives →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2018 (financials across 2017–2018), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing