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Nonprofiteer
← DETROIT REGIONAL PARTNERSHIP

Form 990 for tax year 2024

Filed by DETROIT REGIONAL PARTNERSHIP.

Totals

Total revenue
$453,205
Total expenses
$19,000
Contributions and grants received
$405,000
Grants paid
$0
Program service revenue
$0
Investment income
$46,585
Other revenue
$1,620
Total assets, end of year
$4,273,460
Total liabilities, end of year
$22,000
Net assets or fund balances, end of year
$4,251,460
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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

    $405,000

  • 3 · Investment income

    total $46,585 · excluded $46,585

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $1,620 · excluded $1,620

  • 11e · Other revenue, total

    $1,620

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $16,500

  • 24a · Other expenses: MEMBERSHIP DUES

    total $2,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $261,560 · end of year $256,666

  • 2 · Savings and temporary cash investments

    beginning of year $3,500,695 · end of year $3,979,294

  • 3 · Pledges and grants receivable

    beginning of year $55,000 · end of year $35,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $2,500

  • 25 · Other liabilities

    beginning of year $0 · end of year $22,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,787,255 · end of year $4,241,460

  • 28 · Net assets with donor restrictions

    beginning of year $30,000 · end of year $10,000

Mission and programs · 2024

Mission

THE DRP IS AN ECONOMIC DEVELOPMENT ORGANIZATION. IT SEEKS TO MARKET THE 11-COUNTY SOUTHEAST MICHIGAN REGION TO BOTH DOMESTIC AND GLOBAL INVESTORS WITH THE GOAL OF ATTRACTING NEW BUSINESS, JOB OPPORTUNITIES AND INVESTMENT TO SOUTHEAST MICHIGAN.

  • PROVIDED SUPPORTING SERVICES TO DETROIT REGIONAL PARTNERSHIP FOUNDATION TO HELP FULFILL THE MISSION TO BRING ECONOMIC DEVELOPMENT TO SOUTHEAST MICHIGAN.

As filed on the 2024 return.

Listed in Part VII

  • Gerry Anderson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Chip McClure

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Chris Ilitch

    DIRECTOR (TERM 06/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Darin McKeever

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Dave Massaron

    DIRECTOR (START 03/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • David Coulter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • David Dauch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Donald Rencher

    DIRECTOR (START 11/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Gary Torgow

    DIRECTOR (TERM 11/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jerry Norcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kofi Bonner

    DIRECTOR (TERM 03/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kylee Mitchell Wells

    DIRECTOR (TERM 11/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • La June Montgomery Tabron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Mark Hackel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Matt Cullen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Michael Land

    DIRECTOR (START 11/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Mike Duggan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Rachel Stewart

    DIRECTOR (START 11/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Ray Scott

    DIRECTOR (TERM 03/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Ray Telang

    DIRECTOR (TERM 03/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Ridgway White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Rip Rapson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Robert Riney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Sandy Baruah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Terry Rhadigan

    DIRECTOR (TERM 03/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Tina Freese-Decker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Warren Evans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Maureen Krauss

    PRESIDENT & CEO

    Total calculated
    $550,102
    From this org
    $0
    From related orgs
    $489,901
    Other
    $60,201
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $400,000 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $14,901 related
    Deferred
    $0 + $40,500 related
    Nontaxable benefits
    $0 + $19,701 related
    Filer's total
    $0 + $550,102 related
  • Tesia Mamassian

    SECRETARY, VP OPERATIONS

    Total calculated
    $171,223
    From this org
    $0
    From related orgs
    $151,875
    Other
    $19,348
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $135,000 related
    Bonus
    $0 + $16,875 related
    Other
    $0
    Deferred
    $0 + $17,119 related
    Nontaxable benefits
    $0 + $2,229 related
    Filer's total
    $0 + $171,223 related
  • Dave Meador

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
ALL COMPENSATION IS PAID BY DETROIT REGIONAL PARTNERSHIP FOUNDATION, A RELATED ORGANIZATION. DETROIT REGIONAL PARTNERSHIP FOUNDATION USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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
13 November 2025
IRS schema version
2024v5.2
Source object
202533219349315623

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