Fiscal year ending 2024. Filed on July 2, 2025.
180 East Water Street 2690
Kalamazoo, Michigan 49007
Southwest Michigan First Corp. (EIN: 38-2853785) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Southwest Michigan First Corp., a 501(c)(3) charitable organization, reported compensation for 9 out of 26 total employees. Among the employees shown here, the average compensation is $216,254. The highest compensated employee at Southwest Michigan First Corp. is Jonas Peterson with fiscal year 2024 compensation of $575,497.
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Employee compensation
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT ARE TAX-EXEMPT UNDER INTERNAL REVENUE CODE ("CODE") SECTION 501 (C)(3), AND WITHIN THOSE LIMITED PURPOSES, TO SERVE ON A NON-PROFIT BASIS AS A REGIONAL ECONOMIC DEVELOPMENT AGENCY FOR SOUTHWEST MICHIGAN. ITS MISSION WILL BE TO BUILD AN EFFECTIVE PARTNERSHIP AMONG BUSINESS, EDUCATION, FOUNDATIONS AND THE PUBLIC SECTOR, PURSUE NEW OPPORTUNITIES FOR GROWTH AND DEVELOPMENT, SERVE AS THE PRIMARY PRO-DEVELOPMENT ADVOCATE WITHIN SOUTHWEST MICHIGAN, AND TAKE AN ACTIVE ROLE IN ACTIVITIES DESIGNED TO DEVELOP THE AREA'S HUMAN, TECHNICAL AND CAPITAL RESOURCES.
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