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Nonprofiteer
← ENDEAVOR DETROIT

Form 990 for tax year 2022

Filed by ENDEAVOR DETROIT.

Totals

Total revenue
$1,285,918
Total expenses
$1,153,615
Contributions and grants received
$1,286,700
Grants paid
$130,000
Program service revenue
$0
Investment income
-$782
Other revenue
$0
Total assets, end of year
$946,067
Total liabilities, end of year
$37,091
Net assets or fund balances, end of year
$908,976
Program services expenses (Part IX)
$889,173
Management and general expenses
$204,616
Fundraising expenses
$59,826
Program service expenses (Part III)
$889,173

Program services were 77.1% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $197,511

  • 1f · All other contributions, gifts and grants

    $1,089,189

  • 1g · Noncash contributions included above

    $79,822

  • 3 · Investment income

    total $2,892 · related or exempt $0 · unrelated business $0 · excluded $2,892

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $132,441 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $136,115 · other assets $0

  • 7c · Gain or loss

    securities -$3,674 · other assets $0

  • 7d · Net gain or loss

    total -$3,674 · related or exempt $0 · unrelated business $0 · excluded -$3,674

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $130,000 · program services $130,000

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $261,000 · program services $177,480 · management and general $65,250 · fundraising $18,270

  • 7 · Other salaries and wages

    total $353,054 · program services $264,838 · management and general $83,856 · fundraising $4,360

  • 8 · Pension plan contributions

    total $11,570 · program services $8,334 · management and general $2,810 · fundraising $426

  • 9 · Other employee benefits

    total $9,256 · program services $6,667 · management and general $2,247 · fundraising $342

  • 10 · Payroll taxes

    total $40,428 · program services $29,121 · management and general $9,817 · fundraising $1,490

  • 11c · Fees: accounting

    total $24,738 · management and general $24,738

  • 11f · Fees: investment management

    total $514 · management and general $514

  • 11g · Fees: other

    total $182,366 · program services $147,518 · management and general $5,098 · fundraising $29,750

  • 12 · Advertising and promotion

    total $1,361 · program services $1,361

  • 13 · Office expenses

    total $21,482 · program services $15,037 · management and general $3,222 · fundraising $3,223

  • 16 · Occupancy

    total $13,109 · program services $9,177 · management and general $1,967 · fundraising $1,965

  • 17 · Travel

    total $66,120 · program services $66,120

  • 19 · Conferences, conventions and meetings

    total $33,520 · program services $33,520

  • 23 · Insurance

    total $5,097 · management and general $5,097

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $768,620 · end of year $490,185

  • 2 · Savings and temporary cash investments

    end of year $22,827

  • 3 · Pledges and grants receivable

    beginning of year $150,000 · end of year $13,418

  • 4 · Accounts receivable

    end of year $93,467

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0

  • 11 · Investments: publicly traded securities

    end of year $326,170

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,197 · end of year $37,091

  • 25 · Other liabilities

    beginning of year $103,750 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $776,673 · end of year $843,976

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $65,000

Mission and programs · 2022

Mission

Endeavor Detroit is leading the high-impact entrepreneurship movement in Michigan and the wider Great Lakes region, catalyzing long-term economic growth by selecting, mentoring, and supporting the best high-impact entrepreneurs in the region. High-impact entrepreneurs are those with the potential to build high-growth businesses that drive job creation and economic impact, and who demonstrate a commitment to the community. These high-impact entrepreneurs become key drivers of economic growth and inspire others to scale up, think bigger, and support other entrepreneurs and the broader community.

Activities or mission (Part I)

Endeavor Detroit is leading the high-impact entrepreneurship movement in Michigan and the wider Great Lakes region, catalyzing long-term economic growth by selecting, mentoring, and supporting the best high-impact entrepreneurs in the region.

  • In 2022 Endeavor Detroit supported a portfolio of 37 entrepreneurs leading 21 companies across the Great Lakes region. In 2022, Endeavor also selected Tovala, its second company out of Chicago. Endeavor provided entrepreneur mentorship and other services including support with fundraising, access to partnerships, access to growth markets, and business and leadership development programs. In 2022, Endeavor reviewed hundreds of companies and contributed hundreds of hours of mentorship and support to companies in the Great Lakes region. The organization also continued the ScaleUp program, an initiative focused on supporting exceptional leaders of future high-growth companies in the region to support their next-level growth and scale. This initiative also focuses on advancing diversity, equity, and inclusion in high-growth entrepreneurship. The organization's efforts in 2022 resulted in entrepreneurs giving Endeavor an "Excellent" average rating for services provided.

    Expenses $889,173 · Grants $130,000

As filed on the 2022 return.

Listed in Part VII

  • Diana Callaghan

    MANAGING DIRECTOR

    Total calculated
    $260,900
    From this org
    $240,899
    From related orgs
    $0
    Other
    $20,001
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,150
    Bonus
    $47,749
    Other
    $0
    Deferred
    $9,432
    Nontaxable benefits
    $10,569
    Filer's total
    $260,900

  • Isabella Artiles

    SENIOR MANAGER ENTREPRENEUR EXPERIENCE

    Total calculated
    $126,679
    From this org
    $113,436
    From related orgs
    $0
    Other
    $13,243
    Hours/week
    40

  • Nate Lowery

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Steven Jbara

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lynda Applegate

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mike Vichich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Conlen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen Shaya

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Wenk

    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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 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

Provenance

Return type
form_990
Tax year
2022
Filed
1 September 2023
IRS schema version
2022v5.0
Source object
202332829349301318

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