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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Southwest Michigan First Corp.

Southwest Michigan First Corp.

Fiscal year ending 2021. Filed on June 28, 2022.

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 2021 IRS Form 990 filing, Southwest Michigan First Corp., a 501(c)(3) charitable organization, reported compensation for 9 out of 27 total employees. Among the employees shown here, the average compensation is $175,528. The highest compensated employee at Southwest Michigan First Corp. is Carla Sones with fiscal year 2021 compensation of $295,552.

Revenue, expenses, and employee compensation

Revenue

$8,560,798

Expenses

$7,932,397

Employee compensation

$2,670,550
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Carla Sones
President and Interim CEO
$295,552
$260,909 No related comp$34,643
Jill Bland
Managing Partner
$288,275
$252,859 No related comp$35,416
Kim Weishaar
Chief Financial Officer
$217,575
$189,703 No related comp$27,872
Heather Baker
Chief Operating Officer
$212,788
$189,078 No related comp$23,710
Petey Stephanak
Partner
$180,827
$145,776 No related comp$35,051
Cathy Knapp
Partner
$146,304
$112,750 No related comp$33,554
Abbie Rumery
Partner
$143,128
$121,060 No related comp$22,068
Ron Kitchens
Chief Executive Officer (Part Year)
$50,216
$47,033 No related comp$3,183
Lee Chatfield
Chief Executive Officer (Part Year)
$45,085
$40,740 No related comp$4,345

Benchmark Employee Compensation

Non-Employee Board Members

Aaron Zeigler
Chair
Andrew Johnson
Director (Part-Year)
Andy Richards
Director (Part-Year)
Bill Johnston
Director
Bill Manns
Director
Bill McGee
Director
Bill Parfet
Director
Bjorn Green
Director
Brad Saar
Director (Part-Year)
Brian McDaniel
Director
Dan Hinkle
Director
Dan Jaqua
Director

Contractors

Jorgenson Consulting
Executive Recruitment Firm
$110,402

Mission Statement

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.

Revisions to this organization profile

July 2, 2025:
2024 Southwest Michigan First Corp. 990 filed
June 21, 2024:
2023 Southwest Michigan First Corp. 990 filed
June 27, 2023:
2022 Southwest Michigan First Corp. 990 filed

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