Bay Future Inc

Community development organization based in Bay City, MI. 4 employees. Exempt under §501(c)(3).

MissionDEDICATED TO FACILITATING ECONOMIC DEVELOPMENT STRATEGIES THAT PROMOTE AND SECURE OPPORTUNITIES FOR BUSINESS RETENTION, GROWTH, AND THE ATTRACTION OF NEW INDUSTRIES THAT CREATE QUALITY JOBS FOR COMMUNITY RESIDENTS.

EIN
30-0274225
State
MI
Sector
Community development
Budget band
$2.5M–$5M
Latest filing
TY 2024
Records
1 officers · 6 years

Financial snapshot · TY 2024

$2.9M
Total revenue
$643K
Total expenses
$3.4M
Net assets

Financial health · TY 2024

80
Strong financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
100
19.6 months of expenses
Program efficiency
99
89.5% spent on programs
Revenue diversity
3
Mix of program fees, grants & contributions

Leadership compensation

Jim Reaume
PRESIDENT/CEO
$90,519
12th percentile vs. peers

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Bay Future Inc Executive Compensation | 990 Data | DoubleNine