Skip to content
Nonprofiteer
← MICHIGANS THANKSGIVING PARADE FOUNDATION

Form 990 for tax year 2023

Filed by MICHIGANS THANKSGIVING PARADE FOUNDATION.

Totals

Total revenue
$2,798,543
Total expenses
$2,897,801
Contributions and grants received
$2,632,729
Grants paid
$0
Program service revenue
$0
Investment income
$165,814
Other revenue
$0
Total assets, end of year
$8,663,025
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,663,025
Program services expenses (Part IX)
$1,448,901
Management and general expenses
$1,448,900
Fundraising expenses
$0
Program service expenses (Part III)
$1,448,901

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

    $583,244

  • 1f · All other contributions, gifts and grants

    $2,049,485

  • 3 · Investment income

    total $165,814 · excluded $165,814

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,084,666 · program services $542,333 · management and general $542,333

  • 7 · Other salaries and wages

    total $902,797 · program services $451,399 · management and general $451,398

  • 8 · Pension plan contributions

    total $545,242 · program services $272,621 · management and general $272,621

  • 9 · Other employee benefits

    total $242,184 · program services $121,092 · management and general $121,092

  • 10 · Payroll taxes

    total $122,912 · program services $61,456 · management and general $61,456

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,792,940 · end of year $8,230,495

  • 11 · Investments: publicly traded securities

    beginning of year $2,923,794 · end of year $432,530

  • 27 · Net assets without donor restrictions

    beginning of year $8,716,734 · end of year $8,663,025

Mission and programs · 2023

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 $1,448,901

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ROBERT G RINEY

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DANIEL J LOEPP

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MATTHEW J HOWELL

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ROD ALBERTS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • VAN CONWAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MATTHEW P CULLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BUD DENKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DEBORAH I DINGELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LINDA FORTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ERIC LARSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RYAN MAIBACH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SEAN MORAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SANDRA E PIERCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MATTHEW J SIMONCINI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANTHONY T MICHAELS

    PRESIDENT AND C.E.O.

    Total calculated
    $762,292
    From this org
    $762,292
    From related orgs
    $0
    Other
    $0
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $437,692
    Bonus
    $200,000
    Other
    $124,600
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $762,292

  • JESSICA KAMINSKAS

    CHIEF OPERATING OFFICER

    Total calculated
    $214,892
    From this org
    $214,892
    From related orgs
    $0
    Other
    $0
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $146,892
    Bonus
    $37,000
    Other
    $31,000
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $214,892

  • SHAMBHAVI SRIHARSHA

    VICE-PRES., HUMAN RES. AND FINANCE

    Total calculated
    $107,482
    From this org
    $107,482
    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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 December 2024
IRS schema version
2023v5.1
Source object
202423469349301307

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.