Form 990 for tax year 2024
Filed by MICHIGANS THANKSGIVING PARADE FOUNDATION.
Totals
- Total revenue
- $2,909,233
- Total expenses
- $3,184,536
- Contributions and grants received
- $2,742,734
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $166,499
- Other revenue
- $0
- Total assets, end of year
- $8,541,846
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $8,541,846
- Program services expenses (Part IX)
- $1,592,268
- Management and general expenses
- $1,592,268
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,592,268
Program services were 50.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$1,027,137
-
1f · All other contributions, gifts and grants
$1,715,597
-
3 · Investment income
total $166,499 · excluded $166,499
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,160,841 · program services $580,421 · management and general $580,420
-
7 · Other salaries and wages
total $1,059,861 · program services $529,930 · management and general $529,931
-
8 · Pension plan contributions
total $545,242 · program services $272,621 · management and general $272,621
-
9 · Other employee benefits
total $275,484 · program services $137,742 · management and general $137,742
-
10 · Payroll taxes
total $143,108 · program services $71,554 · management and general $71,554
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $8,230,495 · end of year $8,080,617
-
11 · Investments: publicly traded securities
beginning of year $432,530 · end of year $461,229
-
27 · Net assets without donor restrictions
beginning of year $8,663,025 · end of year $8,541,846
Mission and programs · 2024
Mission
TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES BY SPONSORING AND COORDINATING A PARADE AND OTHER CIVIC FESTIVALS WITHIN THE CITY OF DETROIT FOR THE BENEFIT, EDUCATION, AND ENJOYMENT OF THE RESIDENTS OF THE STATE OF MICHIGAN, AS WELL AS BY PUBLICIZING ITS PROGRAM AND DISSEMINATING INFORMATION CONCERNING THE ATTRIBUTES OF THE METROPOLITAN DETROIT AREA AND THE STATE OF MICHIGAN IN ORDER TO COMBAT COMMUNITY DETERIORATION, RELIEVE THE BURDENS OF GOVERNMENT, AND LESSEN NEIGHBORHOOD TENSIONS
Activities or mission (Part I)
TO UNITE AND BRING PEOPLE FROM ALL WALKS OF LIFE TOGETHER TO CELEBRATE THE TRADITION AND CREATE A MEMORY FOR THEIR LIFETIMES
-
AMERICA'S THANKSGIVING PARADE BRINGS A SPARK OF MAGIC AND PEOPLE FROM ALL WALKS OF LIFE TOGETHER TO ENJOY ONE OF DETROIT'S LARGEST AND FREE EVENTS WHERE, FOR ONE SPECIAL MOMENT, FAMILIES CAN BE ENTERTAINED, SHARE A TRADITION, AND CREATE A MEMORY.
Expenses $1,592,268
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Anthony T MichaelsANTHONY T MICHAELS
PRESIDENT AND C.E.O.
- Total calculated
- $811,888
- From this org
- $811,888
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $479,038
- Bonus
- $200,000
- Other
- $132,850
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $811,888
-
Robert G RineyROBERT G RINEY
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Daniel J LoeppDANIEL J LOEPP
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Matthew J HowellMATTHEW J HOWELL
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Rod AlbertsROD ALBERTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Van ConwayVAN CONWAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Matthew P CullenMATTHEW P CULLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bud DenkerBUD DENKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Deborah I DingellDEBORAH I DINGELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Linda ForteLINDA FORTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Eric LarsonERIC LARSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ryan MaibachRYAN MAIBACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sean MoranSEAN MORAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sandra E PierceSANDRA E PIERCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Matthew J SimonciniMATTHEW J SIMONCINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jessica KaminskasJESSICA KAMINSKAS
CHIEF OPERATING OFFICER
- Total calculated
- $228,240
- From this org
- $228,240
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $151,240
- Bonus
- $46,000
- Other
- $31,000
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $228,240
-
Shambhavi SriharshaSHAMBHAVI SRIHARSHA
VICE-PRES., HUMAN RES. AND FINANCE
- Total calculated
- $120,713
- From this org
- $120,713
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35 + 5 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- THE ORGANIZATION PROVIDED MEMBERSHIPS TO THE DETROIT ATHLETIC CLUB.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · CREATING FAMILY FRIENDLY EVENTS · MI
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 8 December 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523429349301157
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