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Nonprofit · EIN 23-7442555

GRAND RAPIDS ECONOMIC CLUB

Tax-exempt · GRAND RAPIDS, MI 49503

Financials

$3.1M$3M2023$2.4M$2.3M2024
Revenue Expenses · by fiscal year end
Financials of GRAND RAPIDS ECONOMIC CLUB by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,403,136$2,250,470$152,666$971,370$1,033$970,337
June 30, 2024990$3,090,829$3,026,331$64,498$821,271$9,595$811,676
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$659
Program service revenue
$2,368,037
Investment income
$29,375
Net gain from sales of assets
-$17
Other revenue
$5,065

Expenses

Grants and similar amounts paid
$7,565
Compensation of officers, directors and key employees
$273,056
Other salaries and wages
$159,485
Salaries, compensation and benefits (total)
$468,381
Professional fundraising fees
$0
Legal fees
$1,800
Accounting fees
$7,133
Occupancy
$23,153

Balance sheet and other

Total assets, start of year
$821,271
Total assets, end of year
$971,370
Total liabilities, end of year
$1,033
Net assets, end of year
$970,337
Gross receipts
$2,552,153
Employees
5

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
NATALIA KOVICAKPRESIDENT
Officer
40$247,308$25,748
SEE ATTACHED LISTDIRECTORS
Trustee or director
–$0$0
DR PHILOMENA MANTELLAVICE-CHAIR
Officer
–$0$0
JOSEPH PONSTEINTREASURER
Officer
–$0$0
SEAN WELSHCHAIR-PERSON
Officer
–$0$0
BOB WOLFORDSECRETARY
Officer
–$0$0
990 for the year ended June 30, 2024: 6 people
NameTitleHours / weekCompensationOther / benefits
NATALIA KOVICAKPRESIDENT
Officer
40$185,845$19,369
SEE ATTACHED LISTDIRECTORS
Trustee or director
–$0$0
BOB HERRTREASURER
Officer
–$0$0
CHRISTINA KELLERCHAIR-PERSON
Officer
–$0$0
SEAN WELSHVICE-CHAIR
Officer
–$0$0
BOB WOLFORDSECRETARY
Officer
–$0$0

Address and contacts

Address (IRS master file)
220 LYON ST NW STE 220, GRAND RAPIDS, MI 49503-2217
Principal officer (990 for 2024)
NATALIA KOVICAK
Signed the 990
NATALIA KOVICAK, PRESIDENT
Phone
(616) 454-1883
Return prepared by
SNYDER & ASSOCIATES

Mission

TO PROVIDE A FORUM TO CONNECT, INFORM, AND INSPIRE OUR DIVERSE COMMUNITY ABOUT TODAY'S ECONOMIC ISSUES AND RELEVANT TOPICS OF THE DAY.

990 for the year ended June 30, 2025

Program accomplishments

  • LUNCHEON MEETINGS WITH SPEAKERS ON ECONOMIC ISSUES; PURPOSE IS TO INFORM THE APPROXIMATELY 1,600 MEMBERS ON CURRENT ECONOMIC ISSUES
  • ANNUAL DINNER MEETING FEATURING AN EXPERT SPEAKING ON ECONOMIC ISSUES; THE OBJECTIVE IS TO PROMOTE GREATER UNDERSTANDING ON THE PART OF MEMBERS OF ECONOMIC ISSUES
  • TO PROVIDE A FORUM TO CONNECT, INFORM, AND INSPIRE OUR DIVERSE COMMUNITY ABOUT TODAY'S ECONOMIC ISSUES AND RELEVANT TOPICS OF THE DAY.

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
23-7442555
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1975
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$971,370
Income (IRS master file)
$2,552,153

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$2,403,136$2,250,470$971,370IRS
990June 2024$3,090,829$3,026,331$821,271XML
990June 2023$2,191,293$2,161,030$746,572IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

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 23-7442555).

Questions about GRAND RAPIDS ECONOMIC CLUB

What is the EIN of GRAND RAPIDS ECONOMIC CLUB?
The employer identification number (EIN) of GRAND RAPIDS ECONOMIC CLUB is 23-7442555.
Is GRAND RAPIDS ECONOMIC CLUB tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1975.
Are donations to GRAND RAPIDS ECONOMIC CLUB tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does GRAND RAPIDS ECONOMIC CLUB 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 GRAND RAPIDS ECONOMIC CLUB due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GRAND RAPIDS ECONOMIC CLUB last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of GRAND RAPIDS ECONOMIC CLUB?
The 990 for the year ended June 30, 2025 names NATALIA KOVICAK.
Who are the officers and directors of GRAND RAPIDS ECONOMIC CLUB?
The 990 for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $247,308 (NATALIA KOVICAK, PRESIDENT).
How much revenue does GRAND RAPIDS ECONOMIC CLUB have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,403,136, expenses of $2,250,470 and total assets of $971,370 at year end.

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