2024-06-24T11:51:45-05:00 2023-12-31 383567911 REHMANN ROBSON LLC 2330 EAST PARIS AVE SE GRAND RAPIDS MI 49546 990 2023-01-01 208132313 LANSING ECONOMIC AREA PARTNERSHIP LANS 5177023387 1000 S WASHINGTON AVE STE 201 LANSING MI 48910 ROBERT L TREZISE JR PRESIDENT & CEO 5177023387 2024-06-11 1 ROBERT TREZISE JR 999009999 1 JEFFREY E HERT CPA P00066715 6169754100 2024-05-30 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z ROBERT L TREZISE JR 1000 S WASHINGTON AVE STE 201 LANSING MI 48910 46166404 0 X WWW.PURELANSING.COM X 2007 MI WE BUILD A STRONGER COMMUNITY FOR ALL, WORKING EVERYDAY TO GROW, RETAIN AND ATTRACT BUSINESS TO THE REGION. 75 75 19 112 0 0 7112078 44138896 1991782 1649222 108243 376972 1861 1314 9213964 46166404 5510884 42104330 0 0 1913469 1707378 0 0 0 491581 762793 7915934 44574501 1298030 1591903 22008824 16782974 18561858 11744105 3446966 5038869 X WE BUILD A STRONGER COMMUNITY FOR ALL, WORKING EVERYDAY TO GROW, RETAIN AND ATTRACT BUSINESS TO THE REGION. 0 0 REGIONAL GROWTH DEPARTMENT- PROVIDES ECONOMIC DEVELOPMENT SERVICES AND PROGRAMS THROUGHOUT THE METROPOLITAN LANSING REGION (INGHAM, EATON, AND CLINTON COUNTIES). THE DIVISION FOCUSES ON PROACTIVE BUSINESS EXPANSION, ATTRACTION AND RETENTION THAT WORKS DIRECTLY WITH KEY BUSINESSES IN TARGETED INDUSTRIES DOMESTICALLY AND INTERNATIONALLY TO PROVIDE ASSISTANCE AND INCENTIVES THAT RESULT IN THE CREATION AND RETENTION OF JOBS AND INVESTMENT IN THE LANSING REGION. THIS IS ACHIEVED BY REGULAR COMMUNICATION WITH REGIONAL BUSINESSES, REAL ESTATE SITE SELECTION COMMUNITY, COLLABORATION WITH REGIONAL MUNICIPALITIES AND WORKING WITH LOCAL UNIVERSITY AND COLLEGES TO ATTRACT AND RETAIN TALENT. FIVE PROJECTS WERE OFFICIALLY RECRUITED AND ANNOUNCED IN 2023, INCLUDING $77 MILLION IN PLEDGED INVESTMENT AND OVER 200 NEW JOBS FROM AN AUTOMOTIVE MANUFACTURER FOR NUTS AND BOLTS. TWO OTHERS MARK FOREIGN DIRECT INVESTMENT SUCCESSES FROM CHINA IN AUTOMOTIVE. THE OTHER COMPANY IS HIGH TECH SOFTWARE COMPANY THAT INTEGRATES INTO AUTONOMOUS BUSSES BASED OUT OF TURKEY. ADDITIONALLY, ANOTHER THREE BUSINESS EXPANSION PROJECTS WERE FACILITATED IN 2023 CONSTITUTING OVER $25,400,000 IN PLEDGED INVESTMENT AND OVER 256 JOBS CREATED, INCLUDING STRONG INVESTMENT FROM THE MOBILITY SECTOR. FOR ALL 8 PROJECTS, THE AVERAGE RANGE SURPASSED $23.97 / HOUR, WELL OVER 200% OF THE ALICE SINGLE ADULT WAGE THRESHOLD. BUSINESS ATTRACTION CONDUCTED 94 REGIONAL SITE SEARCHES, HOSTED 16 PROSPECTIVE COMPANY VISITS, AND CONDUCTED 58 RETENTION VISITS. BUSINESS ATTRACTION CONTINUED IMPLEMENTING AND CLOSING OUT THE $120,500 GRANT FROM THE MICHIGAN ECONOMIC DEVELOPMENT CORPORATION TO BETTER PREPARE VACANT INDUSTRIAL SITES FOR DEVELOPMENT ACROSS 4 INGHAM COUNTY SITES. LEAP'S MEDTECH ADVISORY GROUP AND BUSINESS ATTRACTION TEAM ALSO COMPLETED IN 2023 ITS EDA GRANT FOR THE CREATION OF A LANSING REGION MEDTECH BRANDING WHICH INCLUDED A NEW LOGO AND WEBSITE. SITE-READINESS FUNDS- IN 2022, LEAP SECURED FIVE SEPARATE MICHIGAN BUILD READY GRANT AGREEMENTS TOTALING $3.4 MILLION. FUNDS FROM ALL FIVE GRANTS WERE SCOPED AND SPENT IN 2023 TO BE SPENT ON VARIOUS SITE PREPARATION EXPENSES SUCH AS REAL ESTATE ASSEMBLAGE FEES, ENVIRONMENTAL DUE DILIGENCE COSTS, INFRASTRUCTURE PLANNING COSTS, AND VARIOUS ASSOCIATED PROFESSIONAL SERVICES RELATED TO PROPERTIES ACROSS CLINTON, EATON, AND INGHAM COUNTIES. WHILE MUCH OF THE FUND BALANCE WAS EXPENSED DURING 2022, THE SCOPE OF WORK FOR THESE GRANTS CLOSED OUT INTO 2023. ULTIUM PROJECT- IN JANUARY OF 2022, THE MICHIGAN STRATEGIC FUND APPROVED $66.1 MILLION THROUGH A STRATEGIC SITES READINESS PROGRAM (SSRP) GRANT AGREEMENT WITH LEAP, IN WHICH LEAP ACTS AS THE FIDUCIARY AND ADMINISTRATOR OF DOLLARS SCOPED TO SUPPORT PUBLIC INFRASTRUCTURE COSTS NECESSARY IN ORDER FOR DELTA CHARTER TOWNSHIP TO PROVIDE THE ULTIUM HIGH VOLUME ELECTRIC VEHICLE (EV) BATTERY CELL MANUFACTURING FACILITY WITH WATER, SEWER AND WASTEWATER SERVICE, AND SIMILARLY FOR THE LANSING BOARD OF WATER & LIGHT (BWL) TO PROVIDE ULTIUM THE ELECTRICITY ENERGY REQUIRED BY THE PROJECT. THE ULTIUM PROJECT IS A $2.6 BILLION INVESTMENT, THE LARGEST IN THE HISTORY OF THE LANSING REGION. DELTA TOWNSHIP AND BWL ARE BOTH SUB-GRANTEES TO LEAP UNDER THIS INFRASTRUCTURE GRANT PROJECT, AND AN MOU IS IN PLACE WITH ULTIUM ITSELF AS THE PRIMARY END USER BENEFITING FROM THE NEW PUBLIC INFRASTRUCTURE. IN 2023, THERE HAVE BEEN MANY SIGNIFICANT IMPROVEMENTS TO READY THE INFRASTRUCTURE FOR THE NEW FACILITY. BWL CONTINUES TO WORK DILIGENTLY AND WILL LIKELY CONCLUDE THEIR PORTION OF FUNDING INTO 2024. DELTA TOWNSHIP WORKS CONTINUALLY ON THE WASTEWATER COMPONENT INTO 2024. ENTREPRENEURSHIP & INNOVATION TEAM (FORMERLY NEW ECONOMY DIVISION) ASSISTED IN FORMING 8 STARTUP COMPANIES, FOLLOW ON FUNDING WAS ACHIEVED AT TOP LEVELS CONSTITUTING $6,727,435 IN INVESTMENT AND THE CREATION OF 74 JOBS. LEAP-LED AND LEAP-SUPPORTED STARTUP EVENTS WERE DONE AT A HIGH LEVEL OF QUALITY, RETURNING IN-PERSON. FINISHED #4 IN THE ENTIRE STATE OF MICHIGAN IN DOLLARS AWARDED AND NUMBER OF SUBMISSIONS FOR THE BAF PROGRAM. THREE HATCHING PITCH COMPETITIONS WERE SUCCESSFULLY HELD FEATURING JUDGES FROM ACROSS THE TRI-COUNTY REGION. ONE&ALL PROGRAM SUCCESSFULLY LAUNCHED 118 GRADUATES SINCE ITS START IN 2020. THE RENEWAL FOR THE GATEWAY REPRESENTATIVE WAS SUBMITTED. LEAP'S CONTRACT TO MANAGE THE LDFA WAS SUCCESSFULLY RENEWED AT $35,000 AND A CONTRACT WAS CREATED TO PROVIDE THE LDFA A DEDICATED STAFF PERSON. DEPARTMENT OF EQUITABLE ECONOMIC PLANNING (DEEP) DEEP'S STRATEGY TO ENHANCE EQUITABLE DEVELOPMENT IN THE LANSING REGION INVOLVES A THREE-PRONGED APPROACH OF INTERNAL POLICY REVIEW AND EVOLUTION, COMMUNITY PARTNERSHIPS AND PROGRAMS TO ENHANCE BUSINESS OWNERSHIP AND ECONOMIC PARTICIPATION AMONG ITS TARGET GROUPS. SOME OF THE HIGHLIGHTS/MAJOR ACCOMPLISHMENTS IN EACH AREA INCLUDE: 1) WE LAUNCHED OUR FIRST COHORT FOR ELEVATE, A BUSINESS ACCELERATOR PROGRAM FOCUSED ON SUPPORTING BLACK BUSINESSES WITH A FOCUS ON REVENUE, PROFITABILITY AN PROMINENCE. ELEVATE, WAS MADE POSSIBLE FROM A GRANT BY PNC AND SUPPORT FROM INGHAM COUNTY. 2) SECOND YEAR OF OUR LEVEL-UP PROGRAM, WHICH HELPED 27 BIPOC BUSINESSES BY ENHANCING THEIR OPERATIONAL SOPHISTICATION/PROCESSES AND CONVERTING THEM FROM DBAS TO LLCS. 3) FORMED PARTNERSHIPS WITH THE LANSING REGIONAL CHAMBER OF COMMERCE TO PROMOTE THE IMPORTANCE OF DEI FOR SMALL BUSINESSES AND CORPORATIONS BY LAUNCHING THE DIVERSITY STAR AWARD, WITH OUR INAUGURAL RECIPIENT BEING PECKHAM. 4) LAUNCHED NEW PROGRAM IN PARTNERSHIP WITH CITY OF LANSING'S OFFICE OF FINANCIAL EMPOWERMENT, SMALL BUSINESS BOOST, WHICH HELPED 47 ENTREPRENEURS IMPROVE THEIR PERSONAL AND BUSINESS FINANCES AND CREDIT SCORES, ALLOWING THEM TO BE BETTER POSITIONED FINANCING AND GROWING THEIR BUSINESSES. CLINTON COUNTY - A NEWLY ESTABLISHED CONTRACT WITH CLINTON COUNTY IN 2023 FOR $100,000. THROUGH THE CONTRACT WITH CLINTON COUNTY, LEAP PROVIDES ENHANCED ECONOMIC DEVELOPMENT SERVICES TO HELP OPTIMIZE AND ALIGN ECONOMIC DEVELOPMENT OPPORTUNITIES ACROSS THE REGION CREATING MORE JOBS AND ASSIST BUSINESS STARTUPS AND BUSINESS INVESTMENT. THE CONTRACT INCLUDES SERVICES PROVIDED TO THE ENTIRE COUNTY. IN 2023, LEAP CREATED A NEW SUBPAGE ON OUR WEBSITE TO BRING AWARENESS AND FURTHER GUIDANCE TO CLINTON COUNTY BUSINESSES. EDA MEDTECH INDUSTRY CLUSTER STRATEGY PROJECT: THE U.S. EDA AWARDED LEAP ON JUNE 7, 2021, FEDERAL FUNDS ASSOCIATED WITH ITS MEDICAL TECHNOLOGY (MEDTECH) INDUSTRY CLUSTER STRATEGY PROJECT. LEAP'S MEDTECH ADVISORY GROUP AND BUSINESS ATTRACTION TEAM ALSO COMPLETED IN 2022 ITS EDA GRANT FOR THE CREATION OF A LANSING REGION MEDTECH CLUSTER BUILDING STRATEGY. IN 2023 LEAP CREATED THE LANSING REGIONAL SBIR+ MEDTECH ACCELERATOR PROGRAM WITH MSU RESEARCH FOUNDATION'S SPARTAN INNOVATIONS GROUP MANAGING IT. THIS PROGRAM HAD 2 COHORTS FROM SUMMER 2022 THROUGH FALL 2023, TOTALING 19 STARTUPS. IN ADDITION, LEAP THROUGH THE LANSING REGIONAL SMARTZONE HAS LAUNCHED A LOCAL ACCELERATOR PROGRAM WHICH PROVIDES GRANT FUNDS TO ACHIEVE KEY MILESTONES AND IS COMPLEMENTED BY A STATEWIDE PROGRAM. LEAP ALSO WORKED WITH A MARKETING/COMMUNICATIONS FIRM TO BRING STAKEHOLDERS TOGETHER FOR A NAMING EXERCISE TO REBRAND THE INDUSTRY CLUSTER TO NOW BE "MICHIGAN'S HEALTH CORE". EARLY CHILDHOOD INVESTMENT CORPORATION GRANT: IN 2023, LEAP WAS AWARDED THE EARLY CHILDHOOD INVESTMENT CORPORATIONS "REGIONAL CHILD CARE PLANNING GRANT" TO CONVENE STAKEHOLDERS IN THE CHILDCARE INDUSTRY IN THE REGION FOR THE FIRST TIME EVER IN THE HISTORY OF THE REGION. THIS GRANT WORK INCLUDED GATHERING BASELINE DATA, CONDUCTING SURVEYS AND FOCUS GROUPS, STRATEGIC PLANNING WORK, AND LATER IN 2024, IMPLEMENTATION. THE INITIAL GRANT FOR THE CAPITAL AREA CHILD CARE COALITION WAS FOR $150,000 BUT SINCE HAS INCREASED TO BE $241,515.00. INGHAM COUNTY CONTRACT: THROUGH A CONTRACT WITH INGHAM COUNTY, LEAP PROVIDES ENHANCED ECONOMIC DEVELOPMENT SERVICES TO HELP OPTIMIZE AND ALIGN ECONOMIC DEVELOPMENT OPPORTUNITIES ACROSS THE REGION CREATING MORE JOBS AND ASSIST BUSINESS STARTUPS AND BUSINESS INVESTMENT. THE CONTRACT INCLUDES SERVICES PROVIDED TO VEVAY TOWNSHIP DDA, VILLAGE OF WEBBERVILLE DDA, CITY OF LESLIE LDFA, VILLAGE OF DANSVILLE DDA, AND CITY OF WILLIAMSTON EDC IN ADDITION TO ADMINISTRATION OF THE INGHAM COUNTY ECONOMIC DEVELOPMENT CORPORATION AND INGHAM COUNTY BROWNFIELD REDEVELOPMENT BOARD. 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THERESA DUBIEL BOARD MEMBER 1.00 X 0 0 0 TICO DUCKETT BOARD MEMBER 1.00 X 0 0 0 RICHARD PEFFLEY BOARD MEMBER 1.00 X 0 0 0 VAN MARTIN BOARD MEMBER 1.00 X 0 0 0 TIMOTHY SALISBURY BOARD MEMBER 1.00 1.00 X 0 0 0 TIMOTHY JEWELL BOARD MEMBER 1.00 X 0 0 0 MARSHA ZIMMERMAN BOARD MEMBER 1.00 X 0 0 0 MEGAN JACOBS BOARD MEMBER 1.00 X 0 0 0 BEN BAKKEN BOARD MEMBER 1.00 X 0 0 0 SUE LEEMING BOARD MEMBER 1.00 X 0 0 0 STEVE ROZNOWSKI BOARD MEMBER 1.00 X 0 0 0 RUSSELL WHIPPLE BOARD MEMBER 1.00 X 0 0 0 NICOLE NOLL-WILLIAMS BOARD MEMBER 1.00 X 0 0 0 RICK GALARDI BOARD MEMBER 1.00 X 0 0 0 PAMELA COLESTOCK BOARD MEMBER 1.00 X 0 0 0 PAT GILLESPIE BOARD MEMBER 1.00 X 0 0 0 PATRICIA HERRING-JACKSON BOARD MEMBER 1.00 X 0 0 0 APRIL CLOBES BOARD MEMBER 1.00 X 0 0 0 BLAKE MULDER BOARD MEMBER 1.00 X 0 0 0 KEN MITCHELL BOARD MEMBER 1.00 X 0 0 0 DAVID ZYBLE BOARD MEMBER 1.00 X 0 0 0 COLIN CRONIN BOARD MEMBER 1.00 X 0 0 0 DAN BARCHESKI BOARD MEMBER 1.00 X 0 0 0 DANA WATSON BOARD MEMBER 1.00 X 0 0 0 ROBERT SCHROEDER BOARD MEMBER 1.00 X 0 0 0 DAVE KUDWA BOARD MEMBER 1.00 X 0 0 0 DEANNA SWISHER BOARD MEMBER 1.00 X 0 0 0 BRENT FORSBERG BOARD MEMBER 1.00 X 0 0 0 BRAD FUNKHOUSER BOARD MEMBER 1.00 X 0 0 0 PAT MCPHARLIN BOARD MEMBER 1.00 X 0 0 0 ROBERT SHOWERS BOARD MEMBER 1.00 X 0 0 0 GORAN JURKOVIC BOARD MEMBER 1.00 1.00 X 0 0 0 JOHN HAYHOE BOARD MEMBER 1.00 X 0 0 0 KELLIE DEAN BOARD MEMBER 1.00 X 0 0 0 KELLY PRESTON BOARD MEMBER 1.00 X 0 0 0 BENJAMIN PUCHALA BOARD MEMBER 1.00 X 0 0 0 KENNETH FLETCHER BOARD MEMBER 1.00 X 0 0 0 BILL KIMBLE BOARD MEMBER 1.00 X 0 0 0 BILL HUFNAGEL BOARD MEMBER 1.00 X 0 0 0 CHRIS HOLMAN BOARD MEMBER 1.00 X 0 0 0 JIM SNELL AD-HOC 1.00 X 0 0 0 JACK DEVINE AD-HOC 1.00 X 0 0 0 TIM DAMON AD-HOC 1.00 X 0 0 0 MEGHAN MARTIN AD-HOC 1.00 X 0 0 0 CHRIS SELL AD-HOC 1.00 X 0 0 0 CHAZ CARRILLO AD-HOC 1.00 X 0 0 0 ERIKA BROWN-BINION AD-HOC 1.00 X 0 0 0 DR ALANE LAWS-BARKER AD-HOC 1.00 X 0 0 0 ROBERT L TREZISE JR PRESIDENT & CEO 40.00 1.00 X 355022 0 51978 ANTHONY T KLISCH CFO 40.00 X 92931 0 17585 VICTORIA B MEADOWS CSO 40.00 X 60573 0 5389 ANTHONY A WILLIS CEDO 40.00 X 111013 0 28261 KEITH LAMBERT COO 40.00 X 135803 0 18632 755342 0 121845 3 0 1 0 0 205000 43933896 44138896 MEMBERSHIP DUES 900099 1078650 1078650 CONTRACT SERVICES 900099 519875 519875 ADMINISTRATIVE SERVICES 900099 50697 50697 1649222 376972 376972 MISCELLANEOUS REVENUE 900099 1314 1314 1314 46166404 1650536 0 376972 41543963 552867 7500 517515 954084 44639 96741 94399 6839 72380 271615 76544 66111 107015 28429 6538 21728 OTHER 54611 MEMBERSHIP DUES 23897 EVENT SUPPORT 19434 STAFF DEVELOPMENT 7652 44574501 19716230 3467053 453611 9514198 31098 31506 174972 170421 11089 4551 1796796 3765666 22008824 16782974 3412900 9899889 6964 226875 15141994 1617341 18561858 11744105 X 3103729 4913500 343237 125369 3446966 5038869 22008824 16782974 1591903 0 X X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11372 7449 3923 140698 140070 628 22902 22902 0 4551 INVESTMENT IN SUBSIDIARY 3100184 RIGHT OF USE ASSET 665482 3765666 ACCRUED COMPENSATION 70948 ACCRUED PLACEMAKING GRANT 5000 REFUNDABLE ADVANCES ON CONDITIONAL CONTRIBUTIONS 870666 OPERATING LEASE OBLIGATION 670727 1617341 X PART X, LINE 2: LEAP, INC., LEAP FOUNDATION, AND PROTO HAVE EVALUATED THEIR INCOME TAX FILING POSITIONS FOR THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION AS OF DECEMBER 31, 2023. LEAP, INC., LEAP FOUNDATION, AND PROTO HAVE CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. LEAP, INC., LEAP FOUNDATION, AND PROTO DO NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G. TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. LEAP, INC., LEAP FOUNDATION, AND PROTO DO NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT DECEMBER 31, 2023, AND ARE NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. 0 0 0 0 0 0 0 0 0 0 NORTH AMERICA MEDC-CDC GRANT 7500 0 0 0 0 0 0 0 1 ALLEN NEIGHBORHOOD CENTER 1611 E KALAMAZOO STREET LANSING MI 48912 383502484 501C3 30000 0 ING CNT SUNRISE-BUS INCUBATORS BEST PRACTICES CONSULTING SERVICE LLC 11189 SHOOK ROAD ROMULUS MI 48174 262596323 84481 0 ING CNT SUNRISE-ARPA GRANT PROG & ELEVATE GRANTS & DEEP ADVISORY COMMITTEE & PNC BLACK ENTREP TA BRUNO'S BAR INC 226 N CLINTON AVE ST JOHNS MI 49879 382582603 25000 0 CLINTON CNTY - RESTAURANT CAMOIN ASSOCIATES INC PO BOX 3547 SARATOGA SPRINGS NY 12866 141820807 37500 0 EDA MEDTEH STRATEGY & RESEARCH CAPITAL CONSULTANTS INC DBA C2AE 106 WEST ALLEGAN STREET LANSING MI 48933 381811650 243245 0 MEDC - CDC GRANT EXPENSE CENTER FOR COMMUNITY BASED ENTEPRISE 4605 CASS AVE STE 201 DETROIT MI 48201 261336414 501C3 110000 0 ING CNT SUNRISE-WORKER OWNED PR COSTAR REALTY INFORMATION INC 2563 COLLECTION CENTER DR CHICAGO IL 60693 522134617 5402 0 MEDC - CDC GRANT EXPENSE CR SOFTWARE SOLUTIONS 1272 DUNDEE DR CANTON MI 48188 825425672 10890 0 BUSINESS ACCELERATOR FUNDS USED TO PAY SERVICE PROVIDER TO ASSIST STARTUP BUSINESSES. DELTA CHARTER TOWNSHIP 7710 W SAGINAW HWY LANSING MI 48917 386030414 GOVT 12641632 0 MSF STRATEGIC FUND ULTIUM EXP DIDIO DESIGN LLC 400 GRAND RIVER AVE STE 200 DETROIT MI 48226 383579579 120000 0 EDA MEDTEH STRATEGY & RESEARCH FOURTH ECONOMY CONSULTING INC PO BOX 81620 PITTSBURGH PA 15217 273315671 20000 0 MEDC - CDC GRANT EXPENSE GERRY WEINBERG & ASSOCIATES 29777 TELEGRAPH RD SOUTHFIELD MI 48034 383130351 46762 0 CLINTON CNTY - ARPA GRANT PROG & ING CNT SUNRISE-ARPA GRANT PROG GIS PLANNING INC 311 CALIFORNIA STREET SAN FRANSISCO CA 94104 943306464 11790 0 MEDC - CDC GRANT EXPENSE GLOBAL COFFEE COCLAIRMONT'S COFFEE 127 N CLINTON ST ST JOHNS MI 48879 823658244 25000 0 CLINTON CNTY - RESTAURANT GLOBAL SITE LOCATION LLC 2711 LYNDON B JOHNSON FWY DALLAS TX 75234 464600984 19950 0 MEDC - CDC GRANT EXPENSE IMANIJ BUSINESS CONSULTING LLC 1122 W HOLMES RD STE 2 LANSING MI 48910 862168188 14683 0 ING CNT SUNRISE-ARPA GRANT PROG LEAP FOUNDATION 1000 S WASHINGTON AVE STE 201 LANSING MI 48910 208132313 5334 0 MEDC - CDC GRANT EXPENSE LOOMIS EWERT PARSLEY DAVIS & GOTTING 124 W ALLEGAN SUITE 700 LANSING MI 48933 382965301 39855 0 BUSINESS ACCELERATOR FUNDS USED TO PAY SERVICE PROVIDER TO ASSIST STARTUP BUSINESSES. 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UPON SUBMISSION OF PROPOSALS, A PLACEMAKING SELECTION COMMITTEE REVIEWS AND SCORES THE PROPOSALS BASED ON THE APPLICATION GUIDELINES, ELIGIBILITY CRITERIA, QUALITY AND CAPACITY OF THE PROJECT. LEAP RECEIVES VARIOUS GRANT FUNDS FROM THE MICHIGAN ECONOMIC DEVELOPMENT CORPORATION (MEDC) FOR SPECIFIC PROJECTS/PROGRAMS. EACH GRANT HAS AN ASSIGNED PROJECT MANAGER THAT ADMINISTERS THE GRANT ACTIVITIES AND COORDINATES ALL FINANCIAL ACTIVITIES WITH THE VP OF FINANCE. THE PROJECT MANAGER IS RESPONSIBLE TO ENSURE THE MILESTONES AND REPORTING REQUIREMENTS ARE MET IN ORDER TO RECEIVE THE NEXT DRAW FOR FUNDS FROM THE MEDC. THE VP OF FINANCE MONITORS THE GRANT EXPENSES TO ENSURE EXPENSES ARE ALLOCATED ACCORDING TO THE GRANT BUDGET AND TERMS OF THE GRANT. X 1 1 X X X 0 0 0 ROBERT L TREZISE JR PRESIDENT & CEO 355022 0 0 0 0 0 17325 0 34653 0 407000 0 0 0 KEITH LAMBERT COO 135803 0 0 0 0 0 7344 0 11288 0 154435 0 0 0 TRITERRA DON MCNABB IS CEO OF RECIPIENT ORGANIZATION 436555 FOR THE PURPOSE OF MEDC BUILD READY GRANT 0 PIPER & GOLD KATE SNYDER IS ON THE BOARD OF RECIPIENT ORGANIZATION 145082 FOR THE PURPOSE OF ULTIUM - MARCOMM EXPENSE & SUNRISE GRANTS 0 PUBLIC SECTOR CONSULTANTS INC RACHEL KUNTZSCH IS ON THE BOARD OF RECIPIENT ORGANIZATION 122622 FOR THE PURPOSE OF 0 FORM 990, PART VI, SECTION A, LINE 1A THE SEVEN (7) MEMBER EXECUTIVE COMMITTEE IS APPOINTED ON AN ANNUAL BASIS AND HAS THE AUTHORITY TO ACT ON BEHALF OF THE ENTITY WITH ALL THE POWERS OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. THE 75 MEMBER BOARD OF DIRECTORS APPROVES THE ELECTION OF THE SLATE OF OFFICERS, THE ANNUAL BUDGET, THE AUDITED FINANCIAL STATEMENTS, FORM 990 AND ANY BYLAW CHANGES. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE AMENDED AND PASSED UNANIMOUS VOTE BY LEAP'S BOARD OF DIRECTORS IN SEPTEMBER 2023. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE AND APPROVED BY THE FULL BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS, EXECUTIVE COMMITTEE AND LEAP STAFF MUST ANNUALLY SIGN A STATEMENT CONCERNING POTENTIAL CONFLICTS OF INTEREST. A REVIEW IS CONDUCTED UPON RECEIPT OF THE CONFLICT OF INTEREST FORMS. IF ANY CONFLICTS ARE NOTED, THESE ARE BROUGHT TO THE ATTENTION OF THE PRESIDENT/CEO. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR EVALUATING AND ESTABLISHING THE PRESIDENT & CEO'S COMPENSATION. COMPENSATION IS COMPARED WITH OTHER SIMILAR ORGANIZATIONS FOR BENCHMARKING. THIS DATA, ALONG WITH PERFORMANCE DATA IS EVALUATED BY THE EXECUTIVE COMMITTEE TO DETERMINE COMPENSATION FOR THE FOLLOWING FISCAL YEAR. THE PRESIDENT & CEO IS RESPONSIBLE FOR EVALUATING AND ESTABLISHING THE OTHER OFFICERS OR KEY EMPLOYEE COMPENSATION. COMPENSATION IS COMPARED WITH SIMILAR ORGANIZATIONS & POSITIONS. THIS DATA, ALONG WITH PERFORMANCE DATA IS EVALUATED BY THE PRESIDENT & CEO. FORM 990, PART VI, SECTION C, LINE 19 IRS DETERMINATION LETTER AND FORM 1024 AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART XII, LINE 2C THE PROCESS FOR SELECTING AND OVERSEEING THE WORK OF THE INDEPENDENT AUDITOR HAS NOT CHANGED FROM PRIOR YEARS. 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