Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $127,424

• 1f · All other contributions, gifts and grants

  $16,103,831

• 1g · Noncash contributions included above

  $857,811

• 2a · Program service revenue: EASTERN MI UNIV. FEES

  total $1,732,638 · related or exempt $1,732,638

• 3 · Investment income

  total $460,474 · unrelated business $9,629 · excluded $450,845

• 7a · Gross sales of assets other than inventory

  securities $21,514,218 · other assets $775,000

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

  securities $19,930,498 · other assets $612,334

• 7c · Gain or loss

  securities $1,583,720 · other assets $162,666

• 7d · Net gain or loss

  total $1,746,386 · excluded $1,746,386

• 8a · Fundraising events: gross income

  $117,798

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

  $127,424

• 8b · Fundraising events: direct expenses

  $127,122

• 8c · Net income from fundraising events

  total -$9,324 · excluded -$9,324

• 11a · Other revenue: CAMPAIGN CLOSE EVENT

  total $17,020 · related or exempt $17,020

• 11e · Other revenue, total

  $17,020

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $13,460,477 · program services $13,460,477

• 5 · Compensation of officers, directors and key employees

  total $330,684 · management and general $171,049 · fundraising $159,635

• 7 · Other salaries and wages

  total $1,656,556 · management and general $532,344 · fundraising $1,124,212

• 8 · Pension plan contributions

  total $71,797 · management and general $23,624 · fundraising $48,173

• 9 · Other employee benefits

  total $337,108 · management and general $152,396 · fundraising $184,712

• 10 · Payroll taxes

  total $138,853 · management and general $43,960 · fundraising $94,893

• 11b · Fees: legal

  total $6,548 · management and general $6,548

• 11c · Fees: accounting

  total $62,225 · management and general $62,225

• 11f · Fees: investment management

  total $461,633 · management and general $461,633

• 11g · Fees: other

  total $221,925 · management and general $118,746 · fundraising $103,179

• 12 · Advertising and promotion

  total $4,695 · management and general $130 · fundraising $4,565

• 13 · Office expenses

  total $303,364 · management and general $116,012 · fundraising $187,352

• 16 · Occupancy

  total $2,950 · management and general $2,950

• 17 · Travel

  total $99,816 · management and general $6,742 · fundraising $93,074

• 19 · Conferences, conventions and meetings

  total $26,681 · management and general $9,051 · fundraising $17,630

• 22 · Depreciation, depletion and amortization

  total $15,544 · management and general $5,381 · fundraising $10,163

• 23 · Insurance

  total $37,722 · management and general $36,124 · fundraising $1,598

• 24a · Other expenses: MEALS & ENTERTAINMENT

  total $174,571 · management and general $3,060 · fundraising $171,511

• 24b · Other expenses: FUNDRAISING EXPENSE

  total $50,449 · fundraising $50,449

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $19,107 · management and general $7,787 · fundraising $11,320

• 24d · Other expenses: RESEARCH

  total $13,102 · fundraising $13,102

• 24e · All other expenses

  total $10,106 · management and general $8,824 · fundraising $1,282

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,342,543 · end of year $4,930,764

• 3 · Pledges and grants receivable

  beginning of year $3,891,263 · end of year $3,833,084

• 10a · Land, buildings and equipment: cost or other basis

  $78,021

• 10b · Land, buildings and equipment: accumulated depreciation

  $39,867

• 10c · Land, buildings and equipment, net

  beginning of year $642,588 · end of year $38,154

• 11 · Investments: publicly traded securities

  beginning of year $9,667,884 · end of year $4,292,074

• 12 · Investments: other securities

  beginning of year $80,313,829 · end of year $92,905,431

• 15 · Other assets

  beginning of year $168,637 · end of year $176,701

• 17 · Accounts payable and accrued expenses

  beginning of year $1,429,587 · end of year $904,808

• 25 · Other liabilities

  beginning of year $473,904 · end of year $454,494

• 27 · Net assets without donor restrictions

  beginning of year $1,110,599 · end of year $1,228,653

• 28 · Net assets with donor restrictions

  beginning of year $96,012,654 · end of year $103,588,253

The filer's explanations (Part III)

PART I, LINE 1A

WILLIAM SHEPARD - DETROIT ATHLETIC CLUB MEMBERSHIP - THIS WAS NOT TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUAL AS THIS MEMBERSHIP IS USED FOR BUSINESS PURPOSES.