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Nonprofiteer
← DOWNTOWN BOXING GYM YOUTH PROGRAM

Form 990 for tax year 2022

Filed by DOWNTOWN BOXING GYM YOUTH PROGRAM.

Totals

Total revenue
$4,587,313
Total expenses
$3,535,071
Contributions and grants received
$4,177,047
Grants paid
$70,890
Program service revenue
$0
Investment income
$140,987
Other revenue
$269,279
Total assets, end of year
$7,630,278
Total liabilities, end of year
$532,279
Net assets or fund balances, end of year
$7,097,999
Program services expenses (Part IX)
$2,689,232
Management and general expenses
$264,601
Fundraising expenses
$581,238
Program service expenses (Part III)
$2,689,232

Program services were 76.1% 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.

  • 1f · All other contributions, gifts and grants

    $4,177,047

  • 1g · Noncash contributions included above

    $384,879

  • 3 · Investment income

    total $59,294 · excluded $59,294

  • 7a · Gross sales of assets other than inventory

    securities $1,232,870

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

    securities $1,151,177

  • 7c · Gain or loss

    securities $81,693

  • 7d · Net gain or loss

    total $81,693 · excluded $81,693

  • 8a · Fundraising events: gross income

    $247,237

  • 8b · Fundraising events: direct expenses

    $89,474

  • 8c · Net income from fundraising events

    total $157,763 · excluded $157,763

  • 11a · Other revenue: OTHER INCOME

    total $111,516 · excluded $111,516

  • 11e · Other revenue, total

    $111,516

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $70,890 · program services $70,890

  • 5 · Compensation of officers, directors and key employees

    total $259,970 · program services $209,970 · management and general $25,000 · fundraising $25,000

  • 7 · Other salaries and wages

    total $1,647,929 · program services $1,225,673 · management and general $87,960 · fundraising $334,296

  • 11g · Fees: other

    total $111,129 · program services $91,428 · management and general $5,045 · fundraising $14,656

  • 13 · Office expenses

    total $92,766 · program services $91,058 · management and general $854 · fundraising $854

  • 17 · Travel

    total $36,952 · program services $27,714 · management and general $4,619 · fundraising $4,619

  • 20 · Interest

    total $10,652 · program services $10,120 · management and general $266 · fundraising $266

  • 22 · Depreciation, depletion and amortization

    total $127,780 · program services $121,390 · management and general $3,195 · fundraising $3,195

  • 23 · Insurance

    total $43,325 · program services $36,470 · management and general $1,895 · fundraising $4,960

  • 24a · Other expenses: CONSULTING FEES

    total $650,318 · program services $400,380 · management and general $77,498 · fundraising $172,440

  • 24b · Other expenses: EDUCATIONAL SUPPLIES

    total $98,096 · program services $91,204 · management and general $3,446 · fundraising $3,446

  • 24c · Other expenses: MAINTENANCE

    total $86,797 · program services $82,533 · management and general $2,132 · fundraising $2,132

  • 24d · Other expenses: WEBSITE DEVELOPMENT

    total $80,232 · program services $40,116 · management and general $40,116

  • 24e · All other expenses

    total $218,235 · program services $190,286 · management and general $12,575 · fundraising $15,374

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $473,897 · end of year $279,507

  • 2 · Savings and temporary cash investments

    beginning of year $40,963 · end of year $25,256

  • 3 · Pledges and grants receivable

    beginning of year $595,892 · end of year $541,461

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,094 · end of year $69,806

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

    $4,809,619

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

    $546,448

  • 10c · Land, buildings and equipment, net

    beginning of year $3,735,264 · end of year $4,263,171

  • 11 · Investments: publicly traded securities

    beginning of year $1,546,180 · end of year $2,022,044

  • 15 · Other assets

    beginning of year $0 · end of year $429,033

  • 17 · Accounts payable and accrued expenses

    beginning of year $144,590 · end of year $332,293

  • 23 · Secured mortgages and notes payable

    beginning of year $223,943 · end of year $199,986

  • 27 · Net assets without donor restrictions

    beginning of year $3,342,913 · end of year $5,112,168

  • 28 · Net assets with donor restrictions

    beginning of year $2,702,844 · end of year $1,985,831

Mission and programs · 2022

Mission

THE ORGANIZATION HAS ONE COMPREHENSIVE PROGRAM THAT PROVIDES INDIVIDUALIZED ACADEMIC TUTORING, MENTORING, ENRICHMENT, AND ATHLETIC TRAINING TO DETROIT YOUTH.

Activities or mission (Part I)

THROUGH EDUCATION, ATHLETICS, MENTORSHIP AND INTERVENTION, THE DOWNTOWN BOXING GYM EMPOWERS DETROIT STUDENTS TO BE POSITIVE AND PRODUCTIVE MEMBERS OF SOCIETY.

  • SINCE 2007, DOWNTOWN BOXING GYM HAS BEEN PROVIDING FREE ACADEMIC AND ATHLETIC PROGRAMMING TO STUDENTS AGES 8 TO 18, WITH CONTINUING MENTORSHIP AND SUPPORT THROUGH AGE 25. THROUGH INDIVIDUALIZED ACADEMIC INTERVENTION, WORKFORCE READINESS, TRAINING, MENTORSHIP, AN ABUNDANCE OF WRAP-AROUND SERVICES AND WHOLE-BODY WELLNESS PROGRAMMING, DOWNTOWN BOXING GYM SUPPORTS UP TO 250 DETROIT-AREA YOUTH WITH LIFE ENHANCING SERVICES.

    Expenses $2,689,232 · Grants $70,890

  • N/A

  • N/A

As filed on the 2022 return.

Listed in Part VII

  • Jessica Hauser

    EXECUTIVE DIRECTOR

    Total calculated
    $129,985
    From this org
    $129,985
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rakesh Aneja

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Gary Wilson

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Joe Schmidt

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Jeff Addison

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Dennis Blender

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Clifford Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Julie Lodge-Jarrett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • David Moss

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Robert Young

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Shawn Riley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Todd Sachse

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Khali Sweeney

    PRESIDENT/FOUNDER

    Total calculated
    $129,985
    From this org
    $129,985
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Brian Vieaux

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
6 August 2024
IRS schema version
2022v5.0
Source object
202402199349301585

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