Edge Opportunities Dba Wayne County Business Development Corp

Nonprofit profile at a glance

EIN
270525774
IRS 990 coverage
2010–2013
Forms available
Form 990 2013
Location
Detroit, MI, USA
Phone
3132246025
Rating confidence
Limited
Sector
Chambers of Commerce & Business Leagues

Reported finances

Revenue
$46,500
Expenses
$34,182
Assets
$32,791
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • RAYMOND BYERS (EXECUTIVE DIRECTOR)

People named in this filing

  • RAYMOND BYERS (EXECUTIVE DIRECTOR)
  • JEFFREY COLLINS (CHAIR, DIRECTOR)
  • REGINALD TURNERJR (SECRETARY, DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The wayne county business development corporation (wcbdc) is an association of businesses and professionals whose purpose is to: (1) enhance the economic and business development initiatives of wayne county and southeast Michigan in order to strengthen the region's economy (2) leverage local wayne county and Michigan resources into a national and international marketing strategy directed toward attracting new industries and businesses to wayne county and the region(3) put forth an effort to unite government, professional, and academic sectors in order to promote the exchange of ideas to attract global companies and jobs through networking events, seminars, business attraction programs and trade missions (4) create a repository of data and disseminate information throughout the national and global economy, citing the advantages of investment in southeast Michigan(5) provide support to wayne county's existing business community and that will sustain future growth and expansion

What it reported doing in 2013

China trade mission. The purpose of this mission is to capitalize upon current chinese investments in wayne county while attracting additional investments. Wayne county participated in the governor of Michigan's first trade mission to china in september 2011. Several productive meetings were held, and wayne county continues to follow-up with prospective leads from this mission.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 61
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 26.5%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 0.96; rating input score 26; 26th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 62; 62nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -51% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: -50.8% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 6 of 6 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $21K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 4 filing years from 2010 to 2013
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 26/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.