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Keweenaw Economic Development Alliance

EIN 23-7314061 · Houghton, MI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood88 out of 100GovernanceWeak48 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$517,881
Spending
$266,463
Spent on programs
55%
Reserves
42.5 months of spending
Largest source of income
donations and private grants, 74%
Employees
0

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 88 out of 100. Higher than 72% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 42.5 months of spending.

  • Debt

    20 of 20

    It owes 4% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 49% of income.

  • Income trend

    10 of 15

    Income fell 1% on the year before.

  • Spending floor

    8 of 15

    55% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 48 out of 100. Higher than 11% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    25 of 25

    12 of 12 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $139,654 spent. FOSTERING BUSINESS GROWTH INCLUDING OVER FOR SMALL BUSINESS OUTREACH TO 1,000+ BUSINESSES. MADE AND PROCESSED 303 APPLICATIONS FOR MICHIGAN SMALL BUSINESS RELIEF GRANTS AND LOANS AND MICHIGAN RESTART GRANTS - 60% OF TIME/EXPENSES
  2. REVITALIZING COMMUNITIES INCLUDING WORK WITH HOUGHTON COUNTY LANDBANK, STABILIZATION OF BUILDINGS IN CALUMET AND REDEVELOPMENT PROJECTS IN VARIOUS COMMUNITIES
  3. $6,306 spent. RETAINING AND ATTRACTING TALENT INCLUDING THE AWARD OF NINE 500 SCHOLARSHIPS TO GRADUATING SENIORS PURSUING A SKILLED TRADE PROGRAM
  4. OTHER INCLUDES INFRASTRUCTURE DEVELOPMENT, ENHANCING CULTURAL AND RECREATION OPPORTUNITIES, FUNDRAISING, AND ADMINISTRATION
  5. OTHER INCLUDES INFRASTRUCTURE DEVELOPMENT, ENHANCING CULTURAL AND RECREATION OPPORTUNITIES, FUNDRAISING, AND ADMINISTRATION

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 2017.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.