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Nonprofiteer
← KIWANIS CLUB NO 1 FOUNDATION OF DETROIT INC

Form 990 for tax year 2024

Filed by KIWANIS CLUB NO 1 FOUNDATION OF DETROIT INC.

Totals

Total revenue
$122,135
Total expenses
$85,985
Contributions and grants received
$93
Grants paid
$77,125
Program service revenue
$0
Investment income
$122,042
Other revenue
$0
Total assets, end of year
$2,106,770
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,106,770
Program services expenses (Part IX)
$77,125
Management and general expenses
$8,860
Fundraising expenses
$0
Program service expenses (Part III)
$77,125

Program services were 89.7% 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

    $93

  • 3 · Investment income

    total $115,087 · excluded $115,087

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

    total $6,955 · excluded $6,955

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $77,125 · program services $77,125

  • 11c · Fees: accounting

    total $8,420 · management and general $8,420

  • 11g · Fees: other

    total $440 · management and general $440

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $69,610 · end of year $58,869

  • 12 · Investments: other securities

    beginning of year $1,921,313 · end of year $2,047,901

  • 27 · Net assets without donor restrictions

    beginning of year $1,499,541 · end of year $1,577,567

  • 28 · Net assets with donor restrictions

    beginning of year $491,382 · end of year $529,203

Mission and programs · 2024

Mission

THE KIWANIS CLUB #1 FOUNDATION OF DETROIT, INC. PROVIDES FUNDS TO THE KIWANIS CLUB OF DETROIT NO. 1, THE MICHIGAN DISTRICT OF KIWANIS AND KIWANIS INTERNATIONAL TO SERVE THE NEEDS OF YOUTH AND THE COMMUNITY, WITH SPECIAL EMPHASIS ON THE CITY OF DETROIT.

Activities or mission (Part I)

SUPPORT EDUCATION AND CHARITIES

  • FUNDS WERE DISTRIBUTED TO VARIOUS CHARITABLE ORGANIZATIONS WHICH PROVIDE OR SUPPORT EDUCATIONAL AND CHARITABLE PURPOSES. SUCH PROGRAMS INCLUDE BOOKS FOR KIDS, SALVATION ARMY DETROIT CORPS, CHILDREN'S HOSPITAL OF MICHIGAN, KIWANIS OF MICHIGAN FOUNDATION AND THE ANNUAL CHRISTMAS GIFT WRAPPING PROGRAM. FUNDS WERE ALSO DISTRIBUTED TO SPONSOR SPECIAL NEEDS CAMPS FOR THE SUMMER INCLUDING ORGANIZATIONS SUCH AS SALVATION ARMY, GIRL SCOUTS, CAMP MAKE-A-DREAM, THE YMCA, AND ELEMENTARY, HIGH SCHOOL AND COLLEGE CLUBS OR ORGANIZATIONS.

    Expenses $40,000 · Grants $40,000

  • TOTAL OF AMOUNTS < OR = TO $5,000 THAT WERE DISTRIBUTED TO VARIOUS CHARITABLE ORGANIZATIONS AND CAMPERSHIP PROGRAMS.

    Expenses $37,125 · Grants $37,125

As filed on the 2024 return.

Listed in Part VII

  • LUCAS L WRIGHT

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0

  • JOHN P RAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • ERIC SABREE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • JOSEPH LENTINE SR

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • KRISTINE B MIRANNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • SHEILA CONNOLLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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

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
28 October 2025
IRS schema version
2024v5.2
Source object
202513039349301536

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