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Nonprofiteer
← DETROIT ECONOMIC GROWTH CORP

Form 990 for tax year 2024

Filed by DETROIT ECONOMIC GROWTH CORP.

Totals

Total revenue
$10,468,570
Total expenses
$10,432,405
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$10,264,211
Investment income
$204,359
Other revenue
$0
Total assets, end of year
$7,805,036
Total liabilities, end of year
$867,735
Net assets or fund balances, end of year
$6,937,301
Program services expenses (Part IX)
$8,679,722
Management and general expenses
$1,752,683
Fundraising expenses
$0
Program service expenses (Part III)
$8,679,722

Program services were 83.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KEVIN JOHNSON

    PRESIDENT AND C.E.O.

    Total calculated
    $468,119
    From this org
    $401,834
    From related orgs
    $0
    Other
    $66,285
    Hours/week
    55 + 1 related

    Schedule J breakdown matched by us

    Base
    $326,402
    Bonus
    $61,100
    Other
    $14,332
    Deferred
    $42,995
    Nontaxable benefits
    $23,290
    Filer's total
    $468,119
  • CONRAD L MALLETT JR

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • ANDRA RUSH

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • MICHAEL TYSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JACCI WOODS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • MIKYIA AARON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • APRIL ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • MARVIN BEATTY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • MICHAEL BICKERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • NEAL BISHOP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • KOFI BONNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JERRY DARBY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • EVA GARZA DEWAELSCHE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JENNIFER DEWEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • KIMBERLY ANDREWS ESPY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • MOHAMAD HAMMOUD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • KENNETH L HARRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • DIMITRIUS HUTCHERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • GEORGE W JACKSON JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • YVETTE JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • NATALIE KING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • MARSHAL S KLEVEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • ERIC LARSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • MIKE MCLAUCHLAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • DAVID E MEADOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • DARRELL MIDDLETON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • KHALIL RAHAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • MICHELLE REAVES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • NED STAEBLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • RONALD STALLWORTH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • TONY STOVALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • TERENCE A THOMAS SR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • GARY TORGOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • ALEXA TURNAGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JAMES VELLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • HASSAN BEYDOUN

    DIRECTOR (EX-OFFICIO)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • MIKE DUGGAN

    DIRECTOR (EX-OFFICIO)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • MARY SHEFFIELD

    DIRECTOR (EX-OFFICIO)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • GLEN W LONG JR

    EXEC. V-P OF ADMIN. AND C.F.O.

    Total calculated
    $329,274
    From this org
    $271,351
    From related orgs
    $0
    Other
    $57,923
    Hours/week
    50 + 7 related

    Schedule J breakdown matched by us

    Base
    $251,105
    Bonus
    $19,100
    Other
    $1,146
    Deferred
    $30,569
    Nontaxable benefits
    $27,354
    Filer's total
    $329,274
  • KENYETTA HAIRSTON-BRIDGES

    EXEC. V-P, ECON. DEV. AND INV. SERV.

    Total calculated
    $233,732
    From this org
    $206,268
    From related orgs
    $0
    Other
    $27,464
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $192,785
    Bonus
    $13,000
    Other
    $483
    Deferred
    $21,681
    Nontaxable benefits
    $5,783
    Filer's total
    $233,732
  • MARLO RENCHER

    PRESIDENT, DETROIT MEANS BUSINESS

    Total calculated
    $288,314
    From this org
    $237,966
    From related orgs
    $0
    Other
    $50,348
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $226,247
    Bonus
    $11,420
    Other
    $299
    Deferred
    $24,922
    Nontaxable benefits
    $25,426
    Filer's total
    $288,314
  • REBECCA NAVIN

    GENERAL COUNSEL

    Total calculated
    $280,659
    From this org
    $227,992
    From related orgs
    $0
    Other
    $52,667
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $206,680
    Bonus
    $21,000
    Other
    $312
    Deferred
    $25,357
    Nontaxable benefits
    $27,310
    Filer's total
    $280,659
  • DAVID WHITE

    VICE-PRESIDENT, BUSINESS DEVELOPMENT

    Total calculated
    $180,634
    From this org
    $141,021
    From related orgs
    $0
    Other
    $39,613
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $137,015
    Bonus
    $3,900
    Other
    $106
    Deferred
    $12,084
    Nontaxable benefits
    $27,529
    Filer's total
    $180,634
  • DAVID HOWELL

    SR. DIR., REAL ESTATE DEVELOPMENT

    Total calculated
    $168,400
    From this org
    $146,271
    From related orgs
    $0
    Other
    $22,129
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $141,923
    Bonus
    $3,900
    Other
    $448
    Deferred
    $12,077
    Nontaxable benefits
    $10,052
    Filer's total
    $168,400
  • KELLY SHOVAN

    CONTROLLER

    Total calculated
    $167,048
    From this org
    $130,933
    From related orgs
    $0
    Other
    $36,115
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $125,681
    Bonus
    $5,100
    Other
    $152
    Deferred
    $12,202
    Nontaxable benefits
    $23,913
    Filer's total
    $167,048
  • SEAN GRAY

    VICE-PRES., SMALL BUSINESS SERVICES

    Total calculated
    $163,873
    From this org
    $150,393
    From related orgs
    $0
    Other
    $13,480
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $135,883
    Bonus
    $10,800
    Other
    $3,710
    Deferred
    $12,263
    Nontaxable benefits
    $1,217
    Filer's total
    $163,873
  • TIFFINI SMITH

    VICE-PRESIDENT, HUMAN RESOURCES

    Total calculated
    $160,057
    From this org
    $121,222
    From related orgs
    $0
    Other
    $38,835
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $116,104
    Bonus
    $4,900
    Other
    $218
    Deferred
    $10,557
    Nontaxable benefits
    $28,278
    Filer's total
    $160,057
  • JENNIFER KANALOS

    VICE-PRESIDENT, BOARD ADMINISTRATION

    Total calculated
    $159,746
    From this org
    $143,373
    From related orgs
    $0
    Other
    $16,373
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $130,923
    Bonus
    $10,400
    Other
    $2,050
    Deferred
    $13,086
    Nontaxable benefits
    $3,287
    Filer's total
    $159,746

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 · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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 AN AUTOMOBILE ALLOWANCE OF $1,000 PER MONTH AND PAID FOR A DETROIT GOLF CLUB MEMBERSHIP FOR THE PRESIDENT/CHIEF EXECUTIVE OFFICER.

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
2024
Filed
25 February 2026
IRS schema version
2024v5.5
Source object
202600569349300530

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

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