SOUTHWEST MICHIGAN FIRST CORP Charity Report

Public IRS 990 nonprofit record

SOUTHWEST MICHIGAN FIRST CORP

EIN 38-2853785 · Community Improvement & Capacity Building (S300)

What they do

to SERVE AS A REGIONAL ECONOMIC DEVELOPMENT ORGANIZATION for SOUTHWEST MICHIGAN.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $74.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2025The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders76 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

71.30%of revenue went to mission work74.2% of expenses · Program services

3.68%of revenue went to fundraising3.8% of expenses

$96.09spent for every $100 of revenueRevenue covered expenses this year.

21.10%of revenue went to management and office costs22.0% of expenses

$1.45in assets for every $1 spent this yearSome assets cannot be spent right away.

91.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $644,052 for JONAS PETERSON (CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2025

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$9,146,941

Mission workProgram services$6,522,19171.30% of revenue74.2% of expenses

ManagementOffice and general costs$1,930,00721.10% of revenue22.0% of expenses

FundraisingAsking for donations$336,6573.68% of revenue3.8% of expenses

Revenue left after expensesReported annual surplus$358,0863.91% of revenueShown in gray on the chart

Total expenses$8,788,85596.09% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2025CurrentExpense mix: 74.2% mission · 22.0% management · 3.8% fundraisingTotal expenses: 96.09% of revenue

2024Expense mix: 64.7% mission · 30.4% management · 4.9% fundraisingTotal expenses: 88.22% of revenue

2023Expense mix: 72.0% mission · 24.4% management · 3.7% fundraisingTotal expenses: 93.08% of revenue

2022Expense mix: 59.4% mission · 35.4% management · 5.2% fundraisingTotal expenses: 94.30% of revenue

2021Expense mix: 75.8% mission · 21.9% management · 2.3% fundraisingTotal expenses: 92.66% of revenue

2020Expense mix: 85.2% mission · 12.5% management · 2.3% fundraisingTotal expenses: 96.51% of revenue

2019Expense mix: 70.2% mission · 21.9% management · 8.0% fundraisingTotal expenses: 97.41% of revenue

2018Expense mix: 62.6% mission · 29.4% management · 8.0% fundraisingTotal expenses: 102.81% of revenue

Money in and money out

Revenue$9,146,941

Expenses$8,788,855

Annual surplus $358,086 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$6,522,191 · 74.2% of expenses

Management and office costs$1,930,007 · 22.0% of expenses

Fundraising$336,657 · 3.8% of expenses

See all reported dollar amounts

Revenue$9,146,941

Expenses$8,788,855

Assets$12,738,808

Income$10,024,392

Contributions$8,331,893

Mission work (program services)$6,522,191

Fundraising$336,657

Grants given$12,373,256

Average grant$37,157

Management and general$1,930,007

Stocks and bonds$31

Accounting fees$76,793

Investing fees$19,760

People

Leadership and board

Tax year 2025

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JONAS PETERSONCHIEF EXECUTIVE OFFICER · 40 hrs/week $644,052Base $494,194 · Other $149,858

JILL BLANDEXECUTIVE VP-ECONOMIC DEVELOPMENT · 40 hrs/week $306,587Base $260,474 · Other $46,113

CARLA SONESPRESIDENT · 11 hrs/week $303,521Base $260,231 · Other $43,290

NICHOLAS RIASHISENIOR DIRECTOR · 6 hrs/week $176,440Base $141,111 · Other $35,329

CLARENCE LLOYDVICE PRESIDENT · 40 hrs/week $175,994Base $136,715 · Other $39,279

ABBIE RUMERYVICE PRESIDENT · 40 hrs/week $173,065Base $141,174 · Other $31,891

HEATHER BURNETTDIRECTOR · 40 hrs/week $126,427Base $103,054 · Other $23,373

JUSTINE LAUXSENIOR DIRECTOR · 39 hrs/week $118,414Base $111,622 · Other $6,792

MICHAEL JENSENVP OF FINANCE AND OPERATIONS (PART YEAR) · 40 hrs/week $56,129Base $48,712 · Other $7,417

TWAYNE HOWARDCHIEF FINANCIAL OFFICER · 40 hrs/week $48,993Base $29,249 · Other $19,744

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (76)

JONAS PETERSONCHIEF EXECUTIVE OFFICER

JILL BLANDEXECUTIVE VP-ECONOMIC DEVELOPMENT

CARLA SONESPRESIDENT

NICHOLAS RIASHISENIOR DIRECTOR

CLARENCE LLOYDVICE PRESIDENT

ABBIE RUMERYVICE PRESIDENT

HEATHER BURNETTDIRECTOR

JUSTINE LAUXSENIOR DIRECTOR

MICHAEL JENSENVP OF FINANCE AND OPERATIONS (PART YEAR)

TWAYNE HOWARDCHIEF FINANCIAL OFFICER

MARK OLSONDIRECTOR

MIKE ROZEWICZDIRECTOR

MIKE ODARDIRECTOR

MICHAEL A JONES SRDIRECTOR

MATT WEISHAARDIRECTOR

MARLEE DARCODIRECTOR

NANCY TURTLEDIRECTOR

MARK JONESDIRECTOR

MARGIE SIMMONSDIRECTOR

AARON ZEIGLERDIRECTOR

MARC SCHUPANDIRECTOR

LYNN CHEN-ZHANGDIRECTOR

KEVIN MURPHYDIRECTOR

WYATT CLINEDIRECTOR

TOM WEBBTREASURER

TIM RAYMANDIRECTOR

TG NULTYDIRECTOR

TERRY RUBENTHALERDIRECTOR

STEVE CARLISLEDIRECTOR

SHAWN PREMERDIRECTOR

SEAN WELSHDIRECTOR

SCOTT LEBEAUDIRECTOR

RUSSELL LAUDERDALEDIRECTOR

MITCH MOLDOVANDIRECTOR

TROY CUVELIERDIRECTOR

RUSS KAVALHUNADIRECTOR

ROBERT SAWYERDIRECTOR

RICH MACDONALDDIRECTOR

PERRY WOLFEDIRECTOR

NATALIE VALENTINEDIRECTOR

TODD MCDONALDDIRECTOR

BILL MANNSDIRECTOR

DANIELLE MASON ANDERSONSECRETARY

DANIEL COFFMANDIRECTOR

DAN JAQUADIRECTOR

DAN BARTHOLOMAEDIRECTOR

BRIAN BELLWAREDIRECTOR

BRANDON HOGGARDDIRECTOR

BJORN GREENDIRECTOR

BILL PARFETDIRECTOR

DAVID MAURERDIRECTOR

BILL JOHNSTONDIRECTOR

BILL HUIZENGADIRECTOR

BETH STEWARTDIRECTOR

BEN NOBISDIRECTOR

BECKY THOMPSONDIRECTOR

ANGELA GILDEADIRECTOR

ANDREA HAASDIRECTOR

AIMEE JACHYMDIRECTOR

JACK ENDRESDIRECTOR

JOHN WALDRONDIRECTOR

JOHN KERRDIRECTOR

JOE CEKOLAVICE CHAIR

JIM FELTCHDIRECTOR

JEFF OBRIENDIRECTOR

JAMIE CLARKDIRECTOR

JAMES LIGGINSDIRECTOR

JAMES ESCAMILLADIRECTOR

JOSE GOMEZDIRECTOR

IAN KENNEDYDIRECTOR

GREG SALISBURYDIRECTOR

GREG ONIELDIRECTOR

GREG DOBSONCHAIR

FRITZ BROWNDIRECTOR

FRED SCHUBKEGELDIRECTOR

DEVON VOSTERDIRECTOR

About this charity

Recognized since: January 1989
Location: 180 EAST WATER STREET 2690, KALAMAZOO, MI 49007
County: Kalamazoo
In care of: CARLA SONES
Primary officer: CARLA SONES, INTERIM CHIEF EXECUTIVE OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(269) 553-9588

Filing and classification

Latest tax year: 2025
Tax period began: January 1, 2025
Return type: 990
Tax preparer: PLANTE & MORAN PLLC
NTEE classification: Community Improvement & Capacity Building (S300)
Grant-giving organization: Yes