Totals
- Total revenue
- $813,412
- Total expenses
- $661,092
- Contributions and grants received
- $778,172
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $35,240
- Other revenue
- $0
- Total assets, end of year
- $1,251,326
- Total liabilities, end of year
- $16,872
- Net assets or fund balances, end of year
- $1,234,454
- Program services expenses (Part IX)
- $618,224
- Management and general expenses
- $42,868
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $618,224
Program services were 93.5% 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.
-
1f · All other contributions, gifts and grants
$778,172
-
3 · Investment income
total $35,240 · excluded $35,240
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $242,611 · program services $242,611
-
7 · Other salaries and wages
total $270,000 · program services $270,000
-
8 · Pension plan contributions
total $12,916 · program services $12,916
-
9 · Other employee benefits
total $31,606 · program services $31,606
-
10 · Payroll taxes
total $36,197 · program services $36,197
-
11c · Fees: accounting
total $52,727 · program services $9,859 · management and general $42,868
-
13 · Office expenses
total $651 · program services $651
-
17 · Travel
total $4,958 · program services $4,958
-
24a · Other expenses: CONTRACT EMPLOYEES
total $7,500 · program services $7,500
-
24b · Other expenses: INFORMATION TECHNOLOGY
total $1,926 · program services $1,926
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $626,938 · end of year $923,893
-
3 · Pledges and grants receivable
beginning of year $467,776 · end of year $319,948
-
9 · Prepaid expenses and deferred charges
beginning of year $7,049 · end of year $7,485
-
17 · Accounts payable and accrued expenses
beginning of year $19,629 · end of year $16,872
-
27 · Net assets without donor restrictions
beginning of year $548,786 · end of year $995,845
-
28 · Net assets with donor restrictions
beginning of year $533,348 · end of year $238,609
Mission and programs · 2024
Mission
TO BE A SOURCE OF NEW IDEAS ON HOW MICHIGAN'S PEOPLE, ENTERPRISES, AND COMMUNITIES CAN SUCCEED IN THE INFORMATION AGE.
-
THE RAISING STANDARD OF LIVING PROGRAM IS DEVELOPING A STATEWIDE AGENDA TO SUPPORT THE MICHIGAN FUTURE, INC MISSION TO RAISE THE STANDARD OF LIVING FOR ALL MICHIGAN HOUSEHOLDS.
Expenses $618,224
As filed on the 2024 return.
Listed in Part VII
-
Louis GlazerLOUIS GLAZER
PRESIDENT/SECRETARY
- Total calculated
- $240,278
- From this org
- $233,280
- From related orgs
- $0
- Other
- $6,998
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $233,280
- Bonus
- $0
- Other
- $0
- Deferred
- $6,998
- Nontaxable benefits
- $0
- Filer's total
- $240,278
-
Patrick CooneyPATRICK COONEY
HIGHEST COMPENSATED
- Total calculated
- $158,754
- From this org
- $150,000
- From related orgs
- $0
- Other
- $8,754
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,000
- Bonus
- $0
- Other
- $0
- Deferred
- $4,312
- Nontaxable benefits
- $4,442
- Filer's total
- $158,754
-
Sandy K BaruahSANDY K BARUAH
TREASURER
- Total calculated
- $684,962
- From this org
- $0
- From related orgs
- $660,752
- Other
- $24,210
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $440,052 related
- Bonus
- $0 + $208,700 related
- Other
- $0 + $12,000 related
- Deferred
- $0 + $10,350 related
- Nontaxable benefits
- $0 + $13,860 related
- Filer's total
- $0 + $684,962 related
-
Nick KhouriNICK KHOURI
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Paul HillegondsPAUL HILLEGONDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dale RobertsonDALE ROBERTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peter MacGregorPETER MACGREGOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Angelique PowerANGELIQUE POWER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kirk ProfitKIRK PROFIT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donald RencherDONALD RENCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kimberly EspyKIMBERLY ESPY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 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
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)(6) · SEE PART VII · MI
-
DETROIT REGIONAL CHAMBER FOUNDATION INC
501(C)(3) · SEE PART VII · MI
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
DETROIT REGIONAL CHAMBER SERVICES INC
C · AFFINITY SERVICES · MI
-
NATIONAL COMMERCE GROUP
C · AFFINITY SERVICES · MI
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 December 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543469349300909
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.