Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,899,161

• 1f · All other contributions, gifts and grants

  $5,474,887

• 3 · Investment income

  total $17,758 · excluded $17,758

• 6a · Gross rents

  real property $133,141

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $133,141

• 6d · Net rental income or loss

  total $133,141 · excluded $133,141

• 8a · Fundraising events: gross income

  $120,009

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

  $1,899,161

• 8b · Fundraising events: direct expenses

  $1,374,930

• 8c · Net income from fundraising events

  total -$1,254,921 · excluded -$1,254,921

• 10a · Gross sales of inventory

  $12,964

• 10b · Cost of goods sold

  $40,547

• 10c · Net income from sales of inventory

  total -$27,583 · excluded -$27,583

• 11d · All other revenue

  total $283,174 · excluded $283,174

• 11e · Other revenue, total

  $283,174

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,027,137 · program services $1,027,137

• 11b · Fees: legal

  total $35,900 · management and general $35,900

• 11d · Fees: lobbying

  total $42,000 · management and general $42,000

• 11e · Fees: professional fundraising services

  total $150,400 · fundraising $150,400

• 11g · Fees: other

  total $6,402 · management and general $6,402

• 12 · Advertising and promotion

  total $564,386 · fundraising $564,386

• 13 · Office expenses

  total $98,164 · management and general $98,164

• 16 · Occupancy

  total $146,443 · management and general $146,443

• 17 · Travel

  total $26,685 · management and general $10,485 · fundraising $16,200

• 19 · Conferences, conventions and meetings

  total $21,285 · management and general $21,285

• 20 · Interest

  total $584 · program services $584

• 22 · Depreciation, depletion and amortization

  total $246,180 · program services $209,253 · management and general $36,927

• 23 · Insurance

  total $226,609 · program services $226,609

• 24a · Other expenses: EVENT EXPENSES

  total $1,552,920 · program services $120,009 · fundraising $1,432,911

• 24b · Other expenses: BUILDING MAINTENANCE

  total $209,491 · management and general $209,491

• 24c · Other expenses: MATERIALS

  total $172,208 · program services $172,208

• 24d · Other expenses: SYNDICATION EXPENSE

  total $60,050 · program services $60,050

• 24e · All other expenses

  total $23,613 · management and general $23,613

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $267,491 · end of year $559,764

• 3 · Pledges and grants receivable

  beginning of year $648,672 · end of year $684,477

• 4 · Accounts receivable

  beginning of year $9,645 · end of year $5,303

• 8 · Inventories for sale or use

  beginning of year $10,342 · end of year $5,722

• 9 · Prepaid expenses and deferred charges

  beginning of year $140,317 · end of year $154,060

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

  $10,958,829

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

  $8,612,329

• 10c · Land, buildings and equipment, net

  beginning of year $2,521,931 · end of year $2,346,500

• 11 · Investments: publicly traded securities

  beginning of year $4,079,461 · end of year $6,033,478

• 15 · Other assets

  beginning of year $28,867 · end of year $15,985

• 17 · Accounts payable and accrued expenses

  beginning of year $59,507 · end of year $255,828

• 25 · Other liabilities

  beginning of year $29,420 · end of year $16,502

• 27 · Net assets without donor restrictions

  beginning of year $5,219,072 · end of year $6,582,215

• 28 · Net assets with donor restrictions

  beginning of year $2,398,727 · end of year $2,950,744

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION PROVIDED MEMBERSHIPS TO THE DETROIT ATHLETIC CLUB.